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Dec. 15, 2022 - X22 Report
17:27
Ep. 2948a - The Fed Just Amplified The Recession, Right On Schedule
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Welcome
Hi, and welcome.
You're listening to the X22 Report.
My name is Dave in this episode, 2948 AM.
Today's date is December 14th, 2022.
And the title of the episode is, The Fed Just Amplified The Recession Right On Schedule.
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 in the process of destroying this economy.
I do believe Trump, the patriots, they wanted them to follow this path because why interfere with an enemy while they're in the process of destroying themselves?
And we know the way they destroy the economic system is to raise the interest rates.
And this is what we've been witnessing from the very, very beginning.
The Federal Reserve has been raising the rates and they have not stopped.
Yes, they raised it by 0.5% this time, but we knew that this was coming because they're trying to make it look like they have everything under control as the entire system completely falls apart.
Remember, they don't want people to understand that it is them who have caused the entire economic system to implode.
If you go back in time to 2006, 2007, 2008, you can see very, very clearly that they raised the rates over time, and as soon as they hit a certain point, they dropped them very quickly.
Here we are once again where they're raising the rates.
This time they're making it look like, remember, optics for them, it has to be good.
They're raising it only 0.5%, saying, hey, look, everything's getting better, and we're only raising it 0.5%.
In the meantime, in the background, everything is completely falling apart.
And this is what people are going to see.
Actually, I do believe that Elon Musk pointed this out right before they made the announcement.
So everyone will be looking at the Fed.
He said, listen, if the Fed raises rates again, they're going to amplify the recession, which means it's going to be a lot worse than a recession.
And this is exactly what they did.
And all eyes are now on the Fed.
They're going to be responsible for the entire system falling apart.
We're already in a recession.
Just because they didn't announce something doesn't mean that we're not in a recession.
Normally, what they do is they go back months and say, hey, by the way, yeah, the recession started like last year and we're just reporting it now.
And we are now in a position where they're prepared to bring the entire system down.
We're going to be talking a little bit more about this a little bit later, and we'll be talking about how the inflation and everything else can be reversed pretty darn quickly if you really think about it.
Now, the other thing that's very interesting is that we know that the Biden administration, they're trying to get The student loans canceled.
And now it is in court.
It is completely unconstitutional.
And it seems that they made a move to let those people know to get them angry.
And no, this was not a glitch in the system, which I'm going to mention in a sec.
I do believe this was done on purpose.
About 9 million people received an email last month from the Department of Education that mistakenly said their application for student loan forgiveness has been approved.
Now, the people were like, wait, my student loan forgiveness is approved.
Then they sent out another email saying, oh, by the way, it was a glitch.
This is a correction.
Status of your student loan debt relief application.
It said, due to vendor error, you recently received an email with a subject line indicating your application for the one-time student loan debt relief plan has been approved.
The subject line was inaccurate.
The body of the previous email was accurate.
We received your application, but not permitted.
Listen to what they say here.
But are not permitted to review your eligibility because of an ongoing litigation.
We will keep your application information and review your eligibility if and when we prevail in court.
Now, when they lose in court, they wanted to make sure that these 9 million people knew about what was going on because most of the people have no clue what was going on.
So they want everyone to know, we want to approve it, but the court's going to deny it, and we want you angry.
This is why they had this glitch.
It wasn't an accident.
They did it on purpose.
Now, what's very interesting, the fake news, the Biden administration, they're trying to convince everyone that, hey, look, the inflation came down.
It's incredible.
It's only 7.1%.
Well, let's use the example that we've been using for the From the beginning of all this, let's say you have a trainer and you want to lose weight and the trainer makes you gain weight.
Instead of losing weight, you gain another 100 pounds.
And then the trainer says, okay, I'm going to switch your diet up.
And all of a sudden you lose 20 pounds and the trainer goes, wow, look how good I am.
I just made you lose 20 pounds.
No, he made you gain 80 pounds.
And that's all people will see.
It's the same thing that's happening now with inflation.
Remember, this is a manipulated calculation.
So let's go back in time.
When Biden came into office, what was the inflation rate?
It was something like almost 2%.
So he brought it from 2% to 7.1%.
Remember, he brought it all the way up to, what, 9%?
And then it dropped to 7.1%.
But really what he did, he went from 2% to 7.1%.
Let's forget about that 9%.
So how does that look?
It looks absolutely awful.
Actually, it's still the highest rate since 1982.
So what did he do?
He did absolutely nothing.
And when you really look at it, you can see that it affects the products that you actually need.
Not want, but need.
The price of eggs up 49.1% from a year ago.
Baby food up 10.9%.
Electricity up 13.7%.
Chicken up 12%.
Potatoes up 16.2%.
Milk up 14.7%.
Gas up 10.1%.
Real average hourly earnings down 1.9%.
Families are the ones paying the price for the left spending fueled inflation crisis.
And this is coming from Steve Scalise on Twitter.
And he's absolutely right.
So what just happened here?
Well, the Fed decided to raise rates by 0.5% instead of 0.75%, which means they're trying to convince the people that they controlled inflation because inflation came down, even though the economy is going to implode.
But you have to remember, prices will never drop because the supply side pressure from a new energy policy remains as the driving factor.
And you need to remember, consumers are not buying non-essential goods or services as the cost of housing, fuel, heating, electricity, overall energy and food prices continue rising.
Despite the economic contraction that is lowering energy use, rapidly increasing energy costs continue to be driving force of inflation.
The period of depressed economic activity will continue as unemployment begins to become problematic.
Let's talk about being prepared.
There was a time when night vision was only reserved for the military and law enforcement, but fortunately for us, high-quality consumer night vision has never been more affordable than now.
My favorite choice are the Nightwatch Pros.
Nightwatch pros are perfect for nighttime hunting, watching wildlife, scenic viewing, surveillance, patrol detection, and home protection in complete darkness.
They also double as a video camera with the ability to rewind, replay, and save your footage on the device in stunning clarity.
Get it for 60% off for a limited time now by going to nightwatchpro.com or simply click the link in the description.
On the positive side, the economic shrinking is reversible with new energy policy.
But are we going to see this from Biden?
Absolutely not.
Are we going to see it from Trump?
And I do believe Trump, he knows this.
He knows that once he puts his energy policy back into place and we become energy independent again and we allow the oil companies to drill, we will see a reversal of a lot of this.
Are we going to see a reversal of everything?
No, but I do believe he has other plans in place to reverse a lot of this and we're going to see it happen.
And I do believe that Trump, the patriots, They needed the people to witness this firsthand.
They needed the people to experience this because this is the only way people push back.
And the inflation is going to continually move up.
This is just a lull right now.
People are going to see inflation in the supermarkets.
They're going to see it in their electrical bill, in their fuel costs, and everything else.
Yes, we might see inflation come down on used cars.
I mean, that was just pumped up.
You might see prices come down on homes.
But remember, the interest rates are very, very high right now.
But for everyday products, that's what people are going to, where they're going to experience inflation.
And there'll be no way around this because the people eventually are going to say, yeah, I know the number says 7.1%, but I just went to the store now and bread now is up to $17 a loaf.
I've never ever paid that.
That's just absolutely ridiculous.
So you could tell me the percentage all you want.
I'm seeing something completely different right now.
And this is what people are noticing.
Now, when you look out in California, they are trying to head this off, and they're trying to keep the people calm, and they're trying to give people cash.
Now, remember, the private West Central Bank, this is what they wanted to do from the very beginning.
They wanted the pandemic.
They wanted everyone locked down in their homes.
They wanted a global economic shutdown, and they just wanted to print and print and print and hand out this cash to everyone just sitting at home to keep them happy.
Well, California is doing this, and they're going to be handing out money to young black adults.
Now, once again, this goes against the Constitution.
The Constitution of the United States guarantees the basic right of all citizens, including equal protection under the law.
Now, the San Francisco Bay Area Democrats are applying the principle for guaranteed minimum income, also known as basic income.
The initiatives include the Black Economic Equity Movement, which provides $500 a month exclusively to Black young adults, the Abundant Birth Project, which provides $1,000 a month to Black and Pacific Islander mothers, and the Guaranteed Income for a Transgender People Program, which will dole out about $1,200 a month and prioritize enrollment of transgender, Black, Indigenous, or people of color.
They are financed by the National Institutes of Health, the California Department of Social Services, and the City of San Francisco, respectively.
All three initiatives appear to violate the 14th Amendment, which bans states from discriminating based on race.
And this is exactly what they're doing.
And in addition to all of this, the Black Economic Equity Movement appears to violate Title VI of the 1964 Civil Rights Act, which bans racial discrimination by their recipients of federal funds.
So they're starting to hand out money.
And we also know that they want to hand out money to black individuals for reparations.
Now, what's very interesting about all of this is Citizen Free Press put this out on True Social.
It says, and it's a meme, it says, let me get this straight.
A state that never allowed slaves is taking money from people who never owned slaves to give to people who never were slaves.
And that's exactly what is happening right now.
But you can see that this was the plan from the very, very beginning.
They wanted a way to give the basic income.
California is following what the World Economic Forum, what the private was essential bankers really wanted to do.
Yes, they might be using a cover story.
Yes, they might be handing it out for reparations.
But you can see this is exactly what they want to do.
And they only want to pick a certain group to do this with.
And this is exactly what is happening.
Now, when you look at the entire situation and you look at the economy, you look at what the Fed is doing, you can see that they're bringing down the system.
Now, they're trying to convince people that inflation is fine.
It's getting better, but on the other side, which people aren't really looking at, the economy is imploding on itself, and the Fed is trying to cover this up.
Now, what's very interesting is that Elon Musk, he put out another tweet, and he said the following, at risk of stating the obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.
And he's absolutely right.
So he gave us two messages.
The Fed's going to raise rates and that's going to amplify the recession and watch out for debt when the Fed is raising rates because what happens?
You need to pay more on that debt because interest is attached to it.
And this is going to get worse and worse as time goes on.
But I do believe Trump and the Patriots, they do have a plan to back us out of this.
And I do believe their plan most likely is gold and some type of Cryptocurrency, maybe like Bitcoin, maybe both together, because you can see the private Western Central Bank, this is exactly what they're trying to do.
They're going after Bitcoin and they're trying to usher in their central bank digital currency.
They're doing this now around the world.
We see countries now that are going against this and they're choosing Bitcoin.
And I do believe we're headed towards a major, major battle.
And I do believe that the central bank in the end will lose because the crisis is going to force out a lot of information about what the Fed has been doing.
I think it's time that the people start to understand and realize what the Fed really is, what the IMF really is, what the ECB is really is and what they've been doing behind the scenes.
Because remember, they are private corporations.
People can't see into the inner work.
And just like we couldn't see into Twitter.
And these people were telling us, no, everything's on the up and up.
We don't need an audit.
We don't shadow ban.
We don't do anything.
It's the same thing with the Fed.
They're telling us, oh, no, we don't do anything.
We're following our mandates.
We do everything correctly.
You know that they are not.
And I do believe Trump, the patriots, They're going to be using this crisis to force Congress to start to make a move to look into the Federal Reserve.
And once they look into the Federal Reserve, all the other private Western central banks, they are then doomed because everything is based off the Federal Reserve.
What do you think the other countries are going to do?
Well, if the Federal Reserve is doing this and they're dealing with the ECB and we see these documentation of all this, well, then the countries that are working with the ECB, they're going to say, well, we would like to audit the ECB. Well, we're no longer going to be part of all this.
We're going to start to create our own currency and we're going to separate ourselves from this.
And then those countries that are receiving funds from the IMF, they're going to do the same thing also.
If the Fed is audited, During this crisis that is approaching, it is game over for the private West Central Bank.
And I do believe Trump and the Patriots, they're leading the Central Bank, the deep state players, the World Economic Forum, right down this path.
Just allow them to do what they do best.
Because in the end, when the people are awake, the people who are treasonous, the people know that these people have committed crimes.
It's not going to be that far of a leap to say, hey, wait a minute.
If they've been committing crimes and the Fed has been working with these people and we have never been allowed to audit the Fed, maybe now it's time to really look at what they've been doing.
And I'm talking about their inner workings.
I'm not talking about the crap that they give Congress every couple of years.
I'm talking about let's see what they're really, really doing.
And that's when you get to the meat and potatoes of it all.
And this is when people see it all.
And I do believe once people start to see this and once Congress starts to see this, the patriots in Congress, this is when we start to make a different move.
This is when the people say enough is enough.
We don't want to go with their system, which means the people aren't going to go with the central bank digital currency.
The people aren't going to go with the World Economic Forum with what they want with the Green New Deal.
The people are going to say, you know something?
We just saw everything.
Enough is enough.
We don't want this.
Just like the people are seeing what's going on in the border.
People are seeing what's happening in Twitter with censorship.
People are seeing now what's happening with the economy, what's happening out in Ukraine and everywhere else.
People now, once they see it, that's when people start to say enough is enough, especially when it comes to their money, their job, their savings, their wealth.
This is when people start to really push back, and you won't have one side, you'll have everybody.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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