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Nov. 18, 2022 - X22 Report
18:26
Ep. 2928a - It Has Begun, The Standard Of Living Is Falling, The Economic Precipice
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Hi, and welcome.
You're listening to the X22 Report.
My name is Dave.
This is episode 2928a, and today's date is November 17th, 2022, and the title of the episode is, It Has Begun, The Standard of Living Is Falling, The Economic Precipice.
Let's talk about your health.
Have you heard of diet resistance?
If you struggle to lose weight, this might be why.
Our metabolism begins to decline as early as the age of 35.
Not only does your body begin to betray us after that age, but stress and other lifestyle factors can multiply the pounds we pack on as well.
Luckily, I'm going to give you one quick hack to help reverse this.
It's helped my weight loss goals quicker than anything else I've seen.
This amazing powder reduces fat storage by supporting a boost of metabolism and elevating ketone levels.
Thousands across the nation take it for their own weight loss goals.
Give it a try.
Your health is your wealth.
After all, taste, inspect, and judge it risk-free for yourself.
If it doesn't live up to your expectations, you have a full 60 days to get a complete refund.
No questions asked.
Just go to ketowithx22.com.
That is ketowithx22.com, or click the link in the description.
Let's get into the economic collapse financial news.
Let's get into the economic collapse financial news.
Now, the private was a central bank, the World Economic Forum, they are now pushing their agenda like we've never seen before, and they're not going to stop.
Now, the private was a central bank, the World Economic Forum.
They are now pushing their agenda like we've never seen before, and they're not going to stop.
They're going to continue pushing because they have no choice.
They're going to continue pushing because they have no choice.
They're pushing the Green New Deal.
They're pushing the Great Reset.
And there's a reason for this.
Trump of the Patriots, they brought them down this path.
They lifted the veil.
They don't have a cover story.
And everything that they do from from the beginning of the pandemic moving forward is completely exposed to the people.
And the people are going to experience what they want to do.
And as the people experience what they want to do, which they're bringing down the economic system, they're freezing up fossil fuels.
They're going to be making everyone's lives a living hell.
The people are going to understand who's accountable.
And I do believe this needs to be done because you need to bring the people to the economic precipice.
When you're at that point of destruction and you can't take it anymore, you're going to be able to take it.
This is when the people push back.
I mean, you can go back in history and you can look at the kings and queens and all the serfs.
Yes, the kings and queens and royalty, they were living the high life.
They had the food.
They had the shelter.
They had everything.
And they kept taxing the serfs over and over and over.
The serfs went into poverty.
They could barely make ends meet.
They could barely survive.
And at some point...
These individuals, they hit the precipice and they pushed back.
This is exactly what we are seeing right now.
The people, in the end, are going to push back against these individuals.
Now, if there was a real pandemic and if there was a global economic shutdown, they I'm talking about the central bank, the deep state players, they would have a cover story.
They would say, well, the reason why this is all happening, it's because of the pandemic.
The economic system is shut down.
And yes, you're going to see supply chain shortages.
You're going to see empty shelves.
The economy is not going to do well.
You're going to see job loss.
You're going to see all these things.
They don't have it.
If there was a war, They could cover this up.
They could say, well, the war is costing a lot of money.
The supply chains, they're frozen right now.
Nobody can get supplies.
Nobody can get food.
Nobody can do anything.
A lot of people don't have electricity.
A lot of people don't have gas.
They can't heat their homes because they don't have gas.
This is all because of the war.
Think about it.
They don't have any of these cover stores.
So every move they make is completely out in the open and exposed.
This doesn't mean the people of this world aren't going to go through what they're trying to do here, which is a collapse of the system.
And that's what we see happening right now.
If you look out in the UK right now, breakfast is becoming very costly for the British people.
Things like milk, eggs, butter, bread, they soared by 51% and butter jumped by 31%, pushing less well-off families to the brink of food poverty.
The UK right now is facing the biggest fall in living standards on record.
Its analysis is that unemployment will rise about a half a million and household incomes will fall by 7% over the next few years.
Inflation is at a 41-year high and is a drag on the economy.
And the entire thing is falling apart.
Now, what are they doing?
They're blaming this on Russia.
Everyone's blaming everything on Russia.
And this is just a small little section of the world, which is Ukraine and Russia, where they're fighting over a tiny little piece of land.
But how does this affect countries that have chickens and cows and eggs and countries that have fuel, countries that generate electric?
Well, if you start to shut down coal plants, if you shut down nuclear plants and you try to move into coal Solar power.
Yes, you're going to cause the problem.
And that's what we see happening.
If you shut down pipelines, you institute more regulations, you renege on lease deals, what are you going to do?
You're going to cause a problem in the fossil fuel industry.
And that's exactly what we're seeing.
These countries, they're doing this on purpose.
They're the ones who are causing this.
It's not Russia and Ukraine, this little tiny piece of land.
The deep state players, the World Economic Forum, the private Western Central Bank, they are causing this economic catastrophe.
And the people, they're not being fooled by it.
The people are fully awake.
And actually, more and more people are going to be fully awake because when you hit that economic precipice, And you realize that these individuals are doing absolutely nothing to help because now once you hit that point, you're looking at everything.
You're angry.
You want to know what's going on.
You're trying to figure out why did this happen?
And this is going to be their downfall in the end.
And we could see it's happening out in Europe first, but it's going to hit here in the United States.
But I do believe what's going to happen here is that when it starts to hit all over the place like we're seeing right now and it comes back to the United States, a lot more people are going to wake up.
And I do believe Trump, the patriots, they're standing by.
He already let us know that the golden age is right around the corner because once we have enough people where they're saying enough is enough, we need to investigate.
We need to find out what's really going on here.
Who caused all of this?
And we use this crisis to our advantage, just like the deep state and the World Economic Forum, the private central bank, uses these crises to their advantage.
They did this in 2008-2009 to start unlimited stimulus to take full control of the economy.
They did this back in 1971 when they took us off the gold standard.
So Trump and the Patriots, they're using the same exact tactic to actually go after the deep state and use this crisis against them.
They're going to cause it, but Trump and the Patriots, they are going to figure out A solution.
So this is exactly what we're seeing right now, and I do believe things are going to change dramatically, but we need to go through this dark period of time.
And here in the United States, you can see there's a lot of companies already.
They're starting to lay off.
We have Stripe.
We have Meta.
We have Lyft.
And they're laying off thousands upon thousands of people.
And as people are laid off, it's going to get worse and worse as time goes on.
Now, yes, there's going to be states that are going to try, okay, you know something, maybe we could solve this.
Maybe we can, you know, legislatively, we can raise the minimum wage to help people out.
This is not going to work.
Remember how the central bank system works.
The central bank system...
It continually devalues the currency.
And if it continually devalues the currency, no matter what you do, it's only a tiny little band-aid fix.
This problem can never be fixed.
Now, in the past, when inflation was moving very, very slowly, let's talk about your health.
Have you heard of diet resistance?
If you struggle to lose weight, this might be why.
Our metabolism begins to decline as early as the age of 35.
Not only does your body begin to betray us after that age, but stress and other lifestyle factors can multiply the pounds we pack on as well.
Luckily, I'm going to give you one quick hack to help reverse this.
It's helped my weight loss goals quicker than anything else I've seen.
This amazing powder reduces fat storage by supporting a boost of metabolism and elevating ketone levels.
Thousands across the nation take it for their own weight loss goals.
Give it a try.
Your health is your wealth after all.
Taste, inspect, and judge it risk-free for yourself.
If it doesn't live up to your expectations, you have a full 60 days to get a complete refund.
No questions asked.
Just go to ketowithx22.com.
That is ketowithx22.com.
Or click the link in the description.
And people didn't notice inflation.
Yes, you could say, oh, you know what?
Let's raise the minimum wage from $5 to $7.
And people would be happy and you'd have a couple years and people would be happy about this.
Now that inflation is accelerating at a very, very rapid pace, raising the minimum wage is not going to last long.
And we see that New York right now, they're looking to raise the minimum hourly wage for restaurant delivery workers.
Now they're trying to raise this up to $23.82.
Now, as inflation hits, people are going to start to notice that the The increase in minimum wage, yes, in the very beginning, it will help.
Actually, what will happen, the businesses are going to take that cost, and actually, now you're going to be paying a lot more for food.
That's all that's going to happen there.
But as inflation hits, you're going to see that $23.82 is not enough anymore, and people aren't going to be waiting 5-10 years.
It's going to happen very, very quickly.
And people are going to start to realize, well, let's see, just a year ago we did $23.82.
Now we need another $10 because inflation is completely out of control.
And this is exactly what people are going to experience.
And people are going to start to realize what a central bank...
System actually is.
And as the inflation gets worse and worse and worse, it's actually destroying their own system.
This is what happened in many countries like Weimar Germany and Argentina, Zimbabwe.
Inflation got out of hand and it destroyed the entire system and they had to redo it.
This is what the central bank is trying to do.
They want the system to start over.
And they want the central bank digital currency.
Trump, the patriots, they actually knew the playbook, and they knew exactly what they're trying to do.
They knew that this is the path they were going to go down.
So why not allow them to do what they do best?
Allow them to cause the inflation.
Allow the inflation to accelerate.
Remember, they kicked this off during the pandemic.
They thought they'd be able to control this, but they can't.
And also, remember, as they try to bring us into the Green New Deal, With this energy crisis, that adds to the inflation.
So no matter what they do, they are trapped in all of this.
And actually, when you look at California, we were told to look at California, we see California Legislative Analysis Office estimates that California could face a $25 billion budget deficit.
And this is in a newly released fiscal outlook for 2324.
And Ashley Zavala put this out on Twitter.
In a newly released fiscal outlook for 2324, the LAO says, with the threat of recession, revenue estimates represent weakness performance California has experienced since the Great Recession.
So we're back to where we were during the Great Recession.
Actually, I do believe it's going to get a lot worse.
But remember, this is a banker's war.
See, the bankers are never really affected when all this happens.
The elite, the deep state players, the World Economic Forum, they're not really affected when all this happens.
Remember, it's their system.
So if it's their system, they're protected from all of this.
Because we're in their system.
This is their fiat system.
This is why it needs to be destroyed.
And if you go back in time, you can see with all the different wars, the bankers were never affected.
Julian Drum put this out and said, during World War II, none of the world's banks stopped working with one another.
Truth Hammer responded and said, it's literally always been about the bankers.
Every war.
And it has been about the bankers.
They're the ones who bring us to war.
They're the ones who always know that their system will only last for a certain period of time, usually about 50 years, maybe 55 years.
They keep trying to push it out as long as they possibly can, but normally it breaks down around 40 years.
50 years, it gets a lot worse, and then they need to do something.
And usually they like to bring us into war.
And the central banks have been around for a very long time.
Remember, the United States has three of them.
The first two, they were removed.
The third one is still here, and that's called the Federal Reserve.
But I do believe Trump and the Patriots, they are making moves against the private What's the Central Bank.
And what we're witnessing right now is the move against them to have this crisis, allow the enemy to do what they do best, destroy themselves, and allow them to try to bring us into the Great Reset, the Green New Deal.
Most of the people right now, as we hit the economic precipice, they're waking up, they're thinking logically and they're actually worried, they're angry and they want to know why this is happening.
And sooner or later, as the crisis hits, there's going to be so many people that the bankers, they won't be able to do what they want to do.
The World Economic Forum will not be able to do what they want to do.
And you can see there are certain countries that are now protecting themselves.
El Salvador, remember, they're the ones who took on Bitcoin.
And Bitcoin has been dropping and dropping and dropping.
Are they freaking out?
Are they selling their Bitcoin?
No.
Actually, they're doing the opposite because they understand that as the private West Central Bank system completely implodes, they're going to try to bring down all alternative currencies, which actually gives these countries and many, many investors, those people who want to protect themselves and transition, it gives them an opportunity to accumulate billions Bitcoin, gold, and silver.
Now, if you look at gold and silver right now, remember, the Private West's central bankers, they know how to control the market.
They've been using paper for a very long time, and I wouldn't be surprised if you see gold start to dip down, probably maybe under 1600, and maybe move down a little bit more than that.
Because as the central bankers prepare to bring us into the central bank digital currency, they have to make all other currencies...
Look unfavorable.
You don't want it.
Look, it's volatile.
You can't have it.
It's dropping, dropping, dropping.
The only place it's safe is our central bank digital currency.
Actually, this is what they did when we were in the Great Depression in 1933 with gold.
They forced everyone into the dollar and they banned gold.
They did this on purpose.
But El Salvador right now...
They're going to start buying Bitcoin every day from tomorrow.
So this is going to be very interesting because we're going to start to see a lot of individuals and countries and businesses start to purchase Bitcoin.
I wouldn't be surprised if a lot of these same individuals are purchasing gold and silver because they're preparing to protect themselves.
And I wouldn't be surprised if Bitcoin drops quite a bit.
Just like gold back in 2008, 2009, going up to 2011, gold was increasing and it hit $1900.
And then once the Fed got everything under control and there was legislation that was passed and they then had full control, they were able to use the paper market to bring the gold price way, way down.
They brought it all the way down from $1900 all the way down to $1050.
And people were freaking out back then.
They're doing the same thing now.
And they're doing it to Bitcoin.
And yes, they'll be doing it to gold.
They'll be pushing that down to force everyone out of it because they only want their currency to shine.
They don't want anyone looking at anything else.
But I do believe in the end that people are going to realize...
It's time to get out of the central bank system.
The people aren't on board with climate change.
They're not on board with the Green New Deal.
The people aren't interested in that.
The people are watching the economy.
This is where all the eyes are focused right now.
And this is being done on purpose so people can see exactly what's going on.
And when the crisis hits, the people will see the crisis.
They will see what the deep state does.
They'll see what the World Economic Forum does.
They'll see what the central bank does.
And then they'll see what the Patriot are doing.
It's going to be completely different.
And people are going to start to say, okay, look what the Patriots are doing.
All this time, there is Trump.
He's probably going to be coming out saying, well, look what Biden's doing.
This is all you have to do to make us energy independent.
Look what Biden is doing.
Everyone's losing jobs.
Well, this is all you have to do to create jobs.
See, he already proved, and I'm talking about Trump, he already proved that he's able to do this when he was in the White House.
He showed everyone that, listen, even though we're in the central bank illusionary economy, look what I can do.
I can bring back jobs.
I can bring back industry.
I can place tariffs on China.
Give that money to the farmers.
I can do all of these things.
When they told you it couldn't be done.
So he already has a proven record.
And now when we move into this crisis, he's going to be hitting Biden left and right, telling the people, look what we need to do.
And Biden's not going to do any of it.
And people are going to see the difference.
And that's what's going to force people into making a decision.
Actually, add on top of that crisis and maybe an audit of the Fed, that is really going to help the people make the final decision of where we're going to go with this economy.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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