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Oct. 24, 2022 - X22 Report
15:24
Ep. 2907a - The Economy Imploding Will Be The Death Blow To [CB]/[WEF] & [D]s
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We'll be right back.
Hi, and welcome.
You're listening to the X22 Report.
My name is Dave, and this is episode 2907A, and today's date is October 24th, 2022, and the title of the episode is The Economy Imploding Will Be the Death Blow to the Central Bank, the World Economic Forum, and the Ds.
Let's talk about being prepared.
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Let's get into the economic collapse financial news.
Now, the deep state, the corrupt politicians, the private Western Central Bank, the World Economic Forum, they are now playing their hand, even though they don't have the cover story.
They don't have the war.
They don't have the pandemic.
They don't have the global economic shutdown.
They are still moving forward and they're playing their hand.
The people, they see everything and every move they are making right now and every move they make, it exposes more and more of what they're trying to do.
And the people are not going along with this.
They, the people did not believe the lies coming out of the Biden administration.
They didn't believe that it was Putin's fault.
They didn't believe it was Ukraine.
Everyone knew.
And if you look at the polls, everyone knew that it was Biden who was destroying the oil And I don't mean it was just Biden.
He's just a front man.
We know we have Obama, we have Soros, all the way up the line.
We know these people, they're the ones who are pushing this agenda.
Why?
Because they want to bring us into the Great Reset, the Green New Deal.
This system that we're in today, the private Western Central Bank illusionary system, the one that they created, Where currency continually loses value, where the people have to borrow this money with interest attached.
It is completely falling apart because, as you know, central bank systems only last for a certain period of time.
And when you reach the end of the system, it can't function anymore because the debt load is way too high.
Inflation starts to set in, which means the devaluation of the currency.
And they need a cover story to cover all that up or everyone will notice that this is happening.
I do believe Trump and the Patriots, they made sure that people would see exactly what the central bank system actually is.
And while the people are experiencing the destruction of the central bank system, this wakes people up.
Plus, when you have Biden out there...
Telling lies about the economy.
People really wake up.
I mean, look at the latest thing he said.
Charlie Kirk put this out on Twitter.
He said, Dear God, Biden thinks he passed a student loan bailout bill by a vote or two.
No one ever voted on this.
Remember, right now, it went to the appeals court, and it is frozen, and it's dead in its tracks right now.
So when the people are seeing this, all they're looking at is, does this person know what he's talking about, or is he just lying to us?
And that is very interesting.
Just like all the D's and all the private West Central bankers that came before him, look at everything that they have done.
They have not created more jobs.
They have destroyed America with all of their policies.
This is why Trump came in and decided to go ahead and restructure the NAFTA deal and made a new trade agreement because he realized, not just that trade agreement, but many trade agreements, that it doesn't benefit the United States.
Annie E on Twitter put this out and said, Net jobs created and lost in seven years following these three actions by Clinton.
NAFTA, repeal of Glass-Steagall, U.S.-Chinese Relation Act, also pushing China as a full member of the World Trade Organization.
And that is exactly what we've been seeing.
We've been seeing jobs being taken away.
They've been shipped away from the United States.
Because we know how a private Western Central Bank system works.
When the system completely falls apart and the currency continually devalues, you need to remove the manufacturing here in the United States and put it someplace else where it's a lot cheaper.
You also need to go to debt, which is credit cards.
You need to go to payments.
This is how they mask their system that is completely imploding.
And now, with inflation rearing its ugly head, people can see the true nature of their economy.
They can see the true nature of how fiat loses value very, very quickly.
Just yesterday, we showed two receipts.
From ShopRite, one was from 2020, one was from 2022.
Eggs were $1.79 a dozen.
Today, they're $7.29.
Now, if you go back to 2020 and you told someone back then that eggs were going to go up to $7.29, they would think that you're absolutely crazy.
But now the people see the truth.
Now the people understand how the fiat currency loses value.
And you need more of these pieces of paper or these digital blips to pay for that same exact item.
This is, I do believe, the lesson that everyone is learning right now.
And once they learn this lesson and they experience this lesson, the people will be able to think logically and they'll start to understand how currency should hold its value.
Let's talk about being prepared.
Many Florida residents lost power due to the recent hurricane.
There's also been a substantial loss of life due to flooded homes and cut off roadways.
Many don't realize this, but a nation's power grid is its largest vulnerability.
If you aren't prepared to survive months without power, you're putting your life on the line.
It shouldn't decrease...
It should hold its value to benefit the people.
But the people are seeing the opposite today.
And people understand that this shouldn't be happening.
And I do believe this is going to lead us to the alternative currency.
I do believe it's going to be gold.
I do believe it's going to be Bitcoin.
Because it seems that the Department of Justice, they're pushing a certain agenda.
Remember, they need to make Bitcoin look evil.
They need to make the central digital bank currency look incredible, even though it is the absolute opposite.
But before we get there, Trump, he put out a truth on True Social, and it's very interesting.
He's pointing to an article from Just the News, and it says, California wildfires cancel out nearly two decades of emissions reductions.
Fires burn more than 4 million acres, emitting twice as much greenhouse gas, the state's total reduction over 18 years.
Now remember, Trump, he was meeting with certain governors, and one of them was Newsom, and he said, listen, you need to control the fires out in California.
There's brush all around the ground, and you need to clean it up.
And what's been happening out in California is they don't use that money to clean up the forest.
Actually, they probably use a lot of this money to go to many other things and probably money laundering.
But if you really look at what Trump is saying right here, everything that they've been talking about with all these emissions and everything and climate change.
Well, just with these fires, it pretty much admitted twice as much greenhouse gas than the state's local total reductions over 18 years.
So their entire push for this is absolutely meaningless.
And we know that climate change is one gigantic hoax made up by the World Economic Forum, by the private West Central Bankers and the corrupt politicians.
Now, the other thing that's very interesting is we can see as the economy continually implodes on itself.
And I do believe as it implodes and people wake up, this is going to be the death blow to the D's, to the private West Central Bank and the World Economic Forum.
And I do believe Trump and the Patriots are going to be using this crisis to their advantage.
But what came out today is something that's very, very interesting.
And Bullion, Bitcoin, BS on Telegram put this out.
And this is coming from the Eastern District of New York.
The Department of Justice was out there.
The FBI was out there.
They did a news press conference.
And it says two Chinese intelligence officers charged with obstruction of justice in scheme to bribe U.S. government employee and steal documents related to the federal prosecution of a PRC-based company.
Now, BullionBitcoinBS highlighted something and it says the defendants paid $61,000 in Bitcoin bribes.
And it's very interesting that they chose to go with this as their big announcement and they're pointing the finger at Bitcoin and Bitcoin bribes.
It reminds me of when they were talking about ransomware, that criminals use Bitcoin.
But if you look at the fiat currency today, How much money laundering is going on?
How many banks right now were caught up in money laundering and all these different crimes?
I mean, really think about this.
The only reason they're doing this right now is to try to shift everyone away from Bitcoin and shift them to the central bank digital currency.
This has been their plan the entire time because they can't have people looking at gold or silver or Bitcoin or anything else except their fiat system.
But as we can see right now, as the system continually implodes and inflation starts to pick up and fuel costs start to pick up, people are going to start to realize it's their system that we shouldn't be in.
It's their system that doesn't work.
And I do believe a lot of people are starting to wake up to this.
And what's very interesting is that most Americans right now, and there's a poll that was done, Most Americans see the Dem control of Congress as an economic ticking time bomb.
Almost 60% of Americans believe that if Democrats control Congress following the 2022 midterm elections, it will further hurt the American economy.
So the people...
Are not going along with this.
The people know who to hold accountable for everything that is happening right now.
And I do believe this number is going to grow and grow and grow.
Because remember, everyone hits a certain point where they say enough is enough.
And that is the precipice.
Now, the other thing that's very interesting, and Bitcoin Magazine put this out.
And it's an article about debt spiral that might lead to Bitcoin adoption.
And let me just read parts of this.
When the United States has a significant amount of debt, high interest rates, and a budget deficit, there can be no hope of ever paying it off.
As of October 13, 2022, the United States has about $31 trillion in debt.
Outstanding debt.
This is updated daily by the Treasury.
To make the math a little bit more simple, we'll just say it's $30 trillion.
I mean, what's another trillion at this point?
This implies a $621 billion annual interest payment on the debt this year.
The Washington Post estimates $580 billion.
Let's split the difference and call it $600 billion.
If you've been paying attention, the Federal Reserve is aggressively raising rates and the market is equally aggressive in bidding up yield on government debt.
Every basis point that is added to the average rate on U.S. government debt will add about $3 billion in additional interest expense.
That's if the debt stays at its current level.
That, unfortunately, is not going to happen.
Currently, the annual budget shortfall sits at $946 billion per year with no signs of ever going to zero.
Since this is the case, not only will the U.S. government have to issue more debt at a rate of nearly $1 trillion more per year, it will be doing so while interest rates are going up fast.
The higher the interest rates go, the more interest on the debt will be required to be paid.
The more interest on the debt required to be paid, the larger the deficit gets.
The larger the deficit gets, the more debt must be issued.
The more debt issued, more interest on the debt.
Even if the Fed dropped rates back to zero, the debt would continue to grow at a compounding rate because of the nature of the deficit.
And as you can see, the central bank system doesn't work.
In the end, it implodes on itself.
and it cannot be maintained.
Now, based on math alone, the Federal Reserve cannot continue to raise rates for much longer, nor keep them this high because the interest on the debt will become completely unmanageable.
There is a lot to be said about a Fed pivot and when they will decide to taper to lower interest rates back down.
When will they actually do it?
We don't know.
But the Fed will have to eventually drop rates back down to try and slow the bleeding.
And when it does, the rally that the Bitcoin price will have is going to melt your face off.
And actually, if we look back in time, as the Fed continually raised rates, they do hit a certain point and then they start to drop them.
But what happens when they reach that point and they already started to push the recession, maybe the depression...
It's too late already.
And I do believe that once this avalanche starts, it won't be able to be stopped.
And yes, the entire system will implode.
The These, the Federal Reserve, the World Economic Forum, the other private West Central bankers, they're going to be in the spotlight when all of this goes down.
And people are going to be looking to them, pointing the finger at them, saying, what did you just do here?
Maybe we need to have an investigation.
Maybe we need to look into your dealings with other private West Central bankers.
Or maybe we need to look into what you've been doing forever.
I do believe that this crisis is going to push some type of audit and people are going to scramble in the end to get out of fiat currency.
And I do believe people have already started to do this.
I think people are starting to protect themselves in a certain way, either going to gold and silver or gold and silver and Bitcoin.
I do believe both is very, very important.
And I think this is going to continue on and I think we're going to see the world start to shift away and there's going to be a lot of people who are going to make that move and as the crisis hits and the patriots take control, they're going to use this crisis to their advantage because they're going to point the finger at who?
They're going to point the finger at the Federal Reserve.
They're going to point the finger at the D's.
And they're going to look through everything.
And they're going to show that these individuals, they caused this problem.
I think the people already know that they caused this problem.
But in the end, as the economy completely disintegrates, this is going to be the death blow of the Private West Central Bank, the D's, the World Economic Forum.
And there'll be no coming back from this.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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