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Aug. 29, 2022 - X22 Report

17:20

Ep. 2860a - The Biden Admin/ [CB] Fell Right Into Trump’s Economic Trap

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	Hi
	Hi and welcome.
	You're listening to the X22 Report.
	My name is Dave and this is episode 2868 and today's date is August 28th, 2022 and the title of the episode is the Biden admin central bank fell right into Trump's economic trap.
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	Let's get into the economic collapse financial news.
	Now Trump of the Patriots, when he was in the White House, he set the stage.
	It was the economic stage.
	What did he do?
	He reversed everything the central bank was trying to do.
	He reversed everything the deep state was trying to do.
	He reversed everything so people could see very, very clearly that, look, even though we're in this central bank illusionary economy, Everything that they've told you in the past where the United States can't be energy independent, we can't lower inflation, we can't have full employment, we can't have high GDP numbers, we can't bring back manufacturing, we can't bring back industry, we can't place tariffs on China or Europe.
	Everything they told us, going back in time, all the things we can't do, he showed us that we can do them.
	And by doing this, what did he do?
	He set up the trap, and now the Biden administration, the central bank, the World Economic Forum, they fell right into this trap.
	And he's got them.
	You see, he knew exactly what they were going to do.
	If he reversed everything that they were doing, they were going to reverse everything that he was doing, and actually...
	Accelerate the plan.
	Because Trump, he put them behind schedule.
	So they had to fast forward everything.
	And if you're going to fast forward everything, what does that enable you to do?
	It enables you to show everyone the absolute truth.
	And this is exactly what he did.
	He's showing everyone the absolute truth of what the deep state, what the central bank, what the Biden administration, what the puppet masters actually want to do.
	And people are seeing this very, very clearly.
	You actually feel it.
	When it's hitting your wallet, when it's hitting your everyday life.
	You see, the economy is an amazing thing because it doesn't matter if you're on the left or on the right, it doesn't matter where you are, you feel it.
	When you don't have a job, when inflation is hitting high fuel costs, when you can't afford your electric bill, that's when people feel it.
	And that's exactly what is happening.
	And as they continue to push and push and push, people feel more of it.
	That's the whole purpose of this.
	And Trump, from the very beginning, he told everyone, this is exactly what you're going to see.
	It's not like it's a surprise.
	If Biden gets into the White House and he becomes the resident there, You're going to see their plan unfold right in front of your eyes.
	And every time all the different pieces unfold, Trump is going to continually say, look, I was right.
	See, told you that.
	Oh, look, here's another one.
	Told you.
	I'm right again.
	That's exactly what he's doing right now.
	And you can see it with everything that they're pushing right now.
	I mean, let's look at the 87,000 IRS agents because they're telling us, oh, wait, first...
	We're only going to tax those people that are making $400,000 or more.
	Well, that turned out to be fake, phony, and false.
	They're actually taxing people who are making less than $400,000 a year.
	They told us, oh, the 87,000 IRS agents, you don't have to worry about those people.
	They're not going to audit you.
	That's for the very, very wealthy, you know, the 764 of them that are like multi, multi-billionaires.
	Well, it turns out that the CBO, this is the Congressional Budget Office, they're estimating that about $4 billion in revenue over the next 10 years can be traced in part to new auditing efforts funded by the Inflation Reduction Act, which actually goes to those people that are making less than $400,000 a year.
	So they're going to be looking for income from these people.
	And this is what the CBO said.
	Some taxpayers reporting income of less than $400,000 on their tax return will be found to have more income than they reported.
	So right there, everything that they were trying to tell us is also turning out to be fake, phony, and false.
	But we're starting to see that there are businesses and people who are now pushing back because things are just getting worse and worse around the country.
	We know out in California and San Francisco, crime is completely out of control.
	And we see this in Chicago, New York, and many other places.
	And a group of San Francisco shops in the Castro District They're threatening to boycott the city's alleged inability to address the spike in crime by refusing to pay their taxes.
	Didn't we see this with the Revolutionary War when all of a sudden we had taxes on certain items and the people, the colonists said, absolutely not.
	Well, here, the people are continually getting tax and tax and tax and their lives are getting worse and worse and worse.
	And now we see people, the businesses out in San Francisco, and I do believe there's going to be spreading across We're not paying taxes if you're not going to use this money to control crime because we're getting looted, robbed every single day and it's very dangerous out there.
	And as you impose more and more taxes on us, We don't see the benefit of it.
	And I think people are going to start to really wake up to all of this as they're continually taxed and as they feel inflation, high fuel costs, people are going to be brought to the precipice.
	And that's exactly what we're seeing.
	We're already starting to see it happen out in San Francisco and we're going to see it in many other places, especially Europe.
	Now, think about this.
	We know that winter is coming.
	Europe is going to be in trouble.
	They have an energy crisis right now.
	And of course, the leaders out there are saying, listen, you must sacrifice.
	Don't take as many showers.
	Don't heat your home.
	Go collect firewood.
	Do everything that you possibly can.
	But we're not going to do anything.
	Actually, our homes will be heated fine.
	We'll be living in comfort.
	And you'll just have to sacrifice to get through this.
	Well, I think the people are going to wake up to all this and say, absolutely not.
	And this is all part of the Green New Deal, which is completely imploding.
	I mean, think about it here in the United States.
	Natural gas prices are starting to really move up.
	Natural gas is used to create electricity.
	What happens when the electric costs start to move up?
	Are people going to be like, wow, I really got to get an electric car right now?
	I don't think so.
	Look what's happening out in France.
	The price of electricity in France has reached 1,075 euros per megawatt per hour.
	By comparison, between 2010 and 2020, the average price per megawatt per hour was €45.
	Thomas Massey responded to this on Twitter and he said the following, It would cost about $100 to completely charge a Tesla Model S Model X if electricity reached this price in America.
	So if natural gas prices are starting to move up, And yes, we know that the Biden administration, we know that the Puppet Masters, the Private West Central Bank, they know the midterms are coming up.
	So they did whatever they possibly could to kind of stall everything to make you think that, hey, things are a lot better.
	So we brought you up to $5 per gallon, some places even higher.
	And then we brought you down to $4 in some places, $3.70 in other places.
	And they're trying to convince you, look how great it is now.
	We brought the prices down.
	Look, inflation went from 9% to 8.5%.
	Isn't that incredible?
	This is just a low right now.
	You know what's going to happen after the midterms, and you know that the natural gas prices, they're going to really start to move up, and electricity costs are going to climb higher and higher and higher.
	Their entire plan...
	To bring us into this Green New Deal is completely falling apart.
	Actually, Canikoy the Great on Telegram put this out, and it's a video showing the streets of California, and there are homeless people, tents, all their stuff out on the street, and they are surrounding the...
	electric charging systems for electric cars because as we know, California is going to ban the sale of new gas-powered vehicles after 2035.
	How do you think that's going to play out?
	It's not going to play out too well.
	Just like Biden's Student cancellation push is not playing out very well.
	The American people are saying, well, wait a minute.
	Why do I have to pay for this?
	Some people are saying, listen, I work two jobs.
	I was able to put my child through school.
	Now I have to pay for someone else's loan.
	This makes no sense.
	Ron DeSantis said the following.
	It's unfair to have a truck driver have to pay back a loan for somebody that got a PhD in gender studies.
	That's not right.
	Mike Pompeo on Twitter said the following, how about instead of asking farmers, machinists, and cops to pay off other people's student loans, we ask universities with billion-dollar endowments to pay it off themselves.
	And he's absolutely right.
	And think about college today.
	Most of these made-up degrees, you can't get work in these...
	These fields, they don't really exist.
	They're made up degrees, and that's what colleges did.
	Hey, let's make up more and more ridiculous degrees, majors, and have people graduate, take out loans.
	We can make a fortune off of these fools.
	And that's exactly what they did.
	Instead of teaching the American people real skills, people are learning gender studies.
	They're learning what?
	Virtue signaling?
	I mean, this is absolutely ridiculous.
	Instead of teaching the American population true, real skills, we're learning ridiculous things and taking ridiculous majors.
	But these students that come out of school, they have hundreds of thousand dollars worth of loans and they can't find work, especially now with layoffs starting to pick up.
	It's getting worse and worse as time goes on.
	Now, the other thing that's very interesting is we know that the Biden administration is trying to push this loan cancellation thing, and it's starting to backfire on them, just like the vaccine mandates.
	So if we go back in time to August 23rd, there was a memo written by the Department of Ed General Counsel Lisa Brown Stated that the Education Secretary, Miguel Cardona, has the legal authority to force taxpayers to pay for the student loan debts of others thanks to the 2003 HEROES Act, which is a reversal of the January 2021 DOE memo, which stated that they didn't have such authority.
	The HEROES Act, first enacted in the wake of the September 11th attacks, provides the Secretary broad authority to grant relief from student loan requirements during these specific periods.
	A war, other military operations, or national emergencies, such as the present COVID-19 pandemic.
	So the question is, are we really in a national emergency right now?
	Think about this.
	Is COVID a national emergency?
	Does he have the authority to wipe out student loan debt?
	I think this is going to be a class action lawsuit.
	I think it's going to be brought up to the Supreme Court or maybe a federal judge.
	And there might be an injunction placed on this, just like everything else.
	I don't believe this is going to pass the smell test like everything else, but it looks good.
	Before the midterms.
	Remember how they play the game.
	It's like everything else.
	You do it and you wait for the courts to say, oh, look, we can't do it.
	But in the meantime, they're trying to create these optics for a certain period of time.
	And this is the midterms.
	And I think this is going to backfire on them big time because it looks like the American people are angry about this.
	Trump, he put out a statement.
	He said the following, Joe Biden and the radical left Democrats have just orchestrated another election enhancing money grab that this time to the tune of $300 billion.
	And just like I predicted, it's coming right out of the pocket of the working class Americans who are struggling the most.
	Crippling inflation, unaffordable energy prices, and war.
	All things that should never have happened.
	But if that wasn't enough now...
	Americans are bailing out college administrators who are fleecing students and those who opted for degrees.
	There was no way they could afford.
	America is a nation in decline and the cliff into oblivion is within sight.
	Stop voting for Democrats.
	Make America great again.
	And remember, everything the Biden administration does, they believe that this is great optics for them.
	But what's been happening every time they push their agenda, it completely backfires on them.
	Why?
	Because they are the minority.
	They're talking in their little tiny echo chamber.
	The rest of America, they are like, okay, we're seeing inflation, we're seeing high fuel costs, we're finding it very difficult to make ends meet, we're starting to see electricity go up, and we're starting to hear about hiring freezes and layoffs.
	And you're trying to tell us that we're going to have to fork up more money to bail out these people that took these ridiculous majors who took out the loans?
	No, they're responsible for doing this.
	They're the ones who should be held responsible.
	And the American people now are getting pissed off and angry about this, and the people are starting to push back.
	And this is the whole point.
	Each time the Biden administration does something like this, the puppet masters does something like this, and they keep pushing, Trump continually lets everyone know, I told you this was going to happen.
	See, here it is again.
	And what's happening to the people?
	The people are being brought to the precipice.
	The people are going to be pushing for change.
	We could see it already.
	Because we hear out on the streets, people are yelling at Elizabeth Warren.
	They're yelling at Biden.
	People are not happy with this.
	The people are getting angrier and angrier with this administration, with the Puppet Masters, with the Part 1 Central Bank.
	And as things continually get worse, people are going to actually look at them and say, we don't believe anything that you're saying, especially after the midterms.
	Because what do you think is going to happen?
	Do you think the fuel prices are going to come back to $2 a gallon?
	Do you think inflation is going to drop back down to 2%?
	No, they're going to continue with their agenda.
	It's the Great Reset, the Green New Deal.
	Actually, I do believe Trump and the Patriots are counting on this.
	Because if they go right back to what they were doing, and fuel costs go right back up, what happens?
	The people see the lies very, very quickly.
	You don't have to wait 8, 9, 10 years.
	You see it right now.
	And remember, their entire plan has been accelerated.
	Trump, he trapped them in their own economic agenda.
	And there's no way out for them except to move forward with their agenda.
	And as they move forward with their agenda, it gets worse and worse for them.
	Actually, they're destroying their own system.
	They're destroying their own credibility.
	They're destroying their entire system that they spent years upon years of building where they had everything planned to bring us into the Great Reset, the Green New Deal.
	And now it's all boomeranging on them.
	And there's nothing they can do about it.
	And the people can see this very, very clearly.
	There's no cover story.
	There's no chaos.
	There's no noise.
	There's absolutely nothing.
	They are trapped in all of this.
	Which means...
	Their entire system's about to implode, and they're the ones that everyone is going to be looking at, and they're going to want accountability in the end.
	And the people are going to make a decision of which way we go.
	Listen, everyone, thanks a lot for listening.
	Be well, be safe, and especially be prepared.

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