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Dec. 27, 2022 - X22 Report
16:27
Ep. 2958a - Germany Returns To Coal, Green Deal Fail, Increasing Rates Will Push Inflation Higher
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*Mario's music*
Hi, and welcome.
You're listening to the X22 Report.
My name is Dave in this episode, 2,958.
And today's date is December 27th, 2022.
And the title of the episode is, Germany returns to coal.
Greendale fell.
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Now, the deep state, the corrupt politicians, the private Western Central Bank, the World Economic Forum, as they push their agenda, it is completely failing, failing big time, because every time they make a move, everything works the wrong way for them.
And actually, when you start to look around the world, you can see this.
Actually, they were trying to put pressure on Putin.
They were placing sanctions on Putin.
And what happened?
Well, all of a sudden they said, OK, we're not going to be using the gas from Russia.
They thought this was a leg up.
They thought, wow, we're going to be able to push this and push it into the Green New Deal.
People are going to see that, listen, we don't need to depend on Russia.
We can use wind power.
We can use solar energy, especially out in Germany.
Here in the United States, they were doing the same exact thing, pushing the oil prices up to make everyone believe that this is the perfect time for solar panels, for wind generation.
We need to go to electric cars.
But everything that they're doing is completely backfiring because, remember, everything has been accelerated.
They've never planned for this.
They thought they were going to have many, many years to actually bring people into the Green New Deal into the Great Reset.
They thought the population would be dying off.
They thought the population would be stuck in their homes.
They thought the global economic system was going to be shut down.
All of this didn't happen.
And as they tried to push their agenda, it is completely backfired.
Look what's happening out in Germany.
Out in Germany, they have returned to coal because they're facing the worst energy crisis that they've seen.
The Central European nation is consuming coal at the fastest pace in almost six years as it becomes one of the few countries to increase imports of the fuel in 2023.
One of the oldest and cheapest sources of energy, coal, has made a comeback.
Did they want coal to make a comeback?
No.
They wanted to move everyone into wind generation.
But out in Germany, there is no wind generation.
Same thing with solar panels.
It's a complete and utter fail.
And right now, global coal consumption, it hit a record high of over 8 billion tons this year.
This is working completely against them.
And all this pressure on Putin to keep him in check where the West went out of their way, the EU, the G7 countries, and Australia, they decided to put a price cap on Russian seaborne oil exports.
And this was for $60 per barrel.
Well, Putin, he countered this and he signed a decree.
And according to the decree, the ban on oil supplies in response to the price cap comes into effect on February 1st, 2023 and is valid until July 1st, 2023.
The effective date of the ban on supplying petroleum products will be determined later by the government.
Now, the president can grant special permission for supply of oil and oil products prohibited by the price ceiling.
And this is according to the decree.
So what effect is this going to have?
I think this is going to be very damaging because we could see that the deep state players, the world economic forum, they were trying to control things and this is completely out of their control once again.
Just like everything else that we're seeing, everything that they're doing right now is not working in their favor.
It's actually working against them.
Remember, They thought this was the perfect time.
They thought, wow, we're in control.
We've got the power.
We got the leverage.
We're going to announce to everyone that we're going to be bringing everyone into the Great Reset, the Green New Deal, and everyone's going to be shut down.
The global economy is going to be shut down.
People will be suffering.
They won't even know what was going on.
But this didn't happen.
Everything was countered.
And businesses came back online.
People went back to work.
Children went back to school.
And everyone's not stuck in their homes.
So everyone can see exactly what's going on.
Now remember, there are a few states here in the United States that are trying to push the same exact agenda of the World Economic Forum.
And we can see it's New York, it's California, it's Illinois.
We can see many different states.
And actually, if you look at the leader, which is California right now, California is absolutely awful.
California is the leading state where people are moving out.
Over 300,000 people left California for another state in 22.
And this is more than any other state.
And this is the first time in history of the state of California the population contracted.
Now, the Sacramento Bee reported that the Public Policy Institute of California reported that between 2015 to 2021, 413 adults cited housing as a primary reason they moved out of the state.
And on top of that, all the woke ism that they have going on there.
And we can see the middle and low income people.
They are now moving because they can't afford the state and they don't like the policies that the government, the installed government is pushing forth.
So we see that people now they are now sick and tired of all this.
They're sick and tired of not affording homes, prices going through the roof, taxes going through the roof.
And with all the woke-ism, they're saying, you know what?
Enough is enough.
We're getting out of here.
And that's exactly what we're seeing out in California.
Actually, we watch California.
We're watching the entire deep state apparatus completely implode on itself.
And the people of this country are going to be looking at this going, wow, this is something that you don't do.
This is all the policies that they implemented.
This is some, if you want to destroy the state, if you want everyone to move out, this is exactly what you do.
If you want the people to stay, if you want the state to prosper, if you want businesses to move down there, look at Texas, look at Florida, look at all these other states, look at Arizona.
Well, once we get rid of Hobbes and put Carrie Lake in there, yes, look at Arizona.
And you can see that people now are seeing this and it's very, very noticeable.
And it's very, very hard to explain away because the people, they're moving out.
They're realizing, I don't want to be here.
I'm gone.
And this is not going to work to their benefit.
This is working against them, just like everything else that they're doing.
Remember, they've always been doing this.
This is nothing new.
The difference right now is they've been brought out from the shadows into the light and the veil has been lifted and you can see everything that they've been doing.
That's the whole point of this.
So people could see what the deep state plans really, really were.
Now look what the Fed is doing right now.
Remember, the economic system is imploding right now.
They want to control demolition.
They want to bring us into the Great Reset, the Green New Deal.
And the Fed is raising rates at a faster pace than ever in the last 40 years.
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They believe this is needed to stop the inflation from destroying the economy.
Now, remember what Elon Musk said.
He responded to a tweet from Genevieve Roach-Dector, who's a CPA, and she said, We are all test subjects in a massive economic experiment.
She's pointing to a graph that says the Fed is hiking further and faster than any time in modern history.
Elon responded to this and said, at the risk of being repetitive, these Fed rate increases might go down in history as the most damaging ever.
Now, the other thing that's very interesting is that David Ransom, director of research at financial analytics firm HCWE and company, started to look at what the Fed has been doing in the past compared to what the Fed is doing now with raising rates.
And he's come to the conclusion that raising rates doesn't actually bring down the inflation.
So let me read parts of what he said here.
So this is what he said.
The prevailing view that rate hikes are causative in curbing inflation implies a negative correlation between the two variables.
Or put another way, if the Fed's policies of raising interest rates works, we should see falling inflation in the months after rate hikes get announced.
It should also work vice versa with inflation rising after rate cuts.
First, rate hikes are generally positively correlated with the current level of inflation.
That's normal.
Based on the Fed's policies, you hardly expect the policy team to raise them when there wasn't inflation problems.
US history plainly shows a positive correlation.
Rates movement are also positively related to the following year's inflation.
Ransom conducted his study using data going back to 1955 and did a separate study using monthly data back to 1954.
the results were the same.
The data shows no sign that changes in the Fed's target interest rates affect inflation in the expected way.
If anything, a rate hike is consistently followed by more inflation than rate cut.
Put bluntly, the data doesn't support the idea behind the Fed's recent interest rate hikes.
Before jumping on the idea that when Paul Volcker ran the Fed and crushing inflation in the early 1980s, it's worth considering the role that the gold market plays – Ransom points to the fact that gold is generally sensitive to future inflation.
In the case of the 1980s, gold prices were falling before any action was taken by the Fed.
He explains, It, gold prices, famously peaked above 800 an ounce in February of 1980, and thereupon began a dramatic decline.
This occurred before Chairman Volcker pushed interest rates to the higher point.
Which was reached in August of 1981.
Again, the falling inflation rate in the early 1980s coincided with the rate hikes, but those interest rates increases weren't necessarily the cause of the fall of inflation.
And remember, back then it was very different.
We were coming off the gold standard in the 70s.
And yes, when you come off the gold standard, the currency, the Federal Reserve note, becomes very volatile because now you lost that peg.
And now The currency lost its value.
This time around, we're not coming off the gold standard.
We've been off the gold standard for 50 plus years.
This time around, it's very, very different.
And we have to remember, as the Fed raises rates, what does that really do?
That really brings down the system.
Because really, think about this.
When the Fed was cutting rate and cutting rate and cutting rates, did we see inflation move up?
No, we didn't.
So with the Fed raising rates, does this bring inflation down?
No.
Actually, I do believe the opposite is happening right now.
As they continue with this, we're going to see inflation increase.
Plus, they're going to bring down the entire system.
Now, once again, they are using this to convince the people that they're doing an incredible job.
They're trying to convince the people that, yes, what they're doing is working.
But in the end, just like everything else, it's going to backfire on them.
And we're going to see inflation kick up once again.
And once again, we're going to see the Biden administration, the puppet masters, the Fed, they're all going to be sitting there going, holy crap, what just happened here?
And the people are going to realize, you lie to us once again?
And I do believe, especially with energy inflation, this is going to add to everything else.
And what we're seeing right now is we're seeing a complete and utter destruction of this system.
And as this system completely implodes on itself, I do believe Trump and the patriots, they're going to use this to their advantage.
Because once we're in a crisis, it's very easy to point the finger at the Fed, very easy to point the finger at the Biden administration, very easy to say everything that they did didn't work.
Remember, moving forward right now, I do believe every time the economy dips down and inflation pops up, Energy prices move up.
Trump is going to come out with solutions to these problems.
And each time he does this, the people are going to see that he has solutions and Biden, he has no solutions.
If Biden decides to use these solutions, well, it's not going to work out in his favor because they're Trump's solutions.
If he decides to ignore the solutions and the economy gets worse and worse and worse, this also hurts him.
It seems that Trump caught him in all of this.
He's trapped in this economic agenda because, as we know, as they continually push the Green New Deal and try to get us off fossil fuels, this is a complete and utter disaster.
As the Fed is trying to fight inflation, which is caused by energy, this is not going to work.
And their entire plan, in the end, will not work.
All it's going to do is cause a crisis.
What is that crisis?
It's going to be a recession.
It's going to be a depression.
And this will not work out for them, just like the Green New Deal is not working out for them, just like Europe is having a problem with the Green New Deal.
The people now are seeing through all of this, and people are starting to understand and realize, listen, they don't have solutions.
They're causing the problems, but their only solution is total control with the central bank digital currency, carbon taxes.
And this is something the people don't want.
The people didn't even want the omnibus bill.
You think they're going to want central bank digital currency?
You think they're going to want carbon taxes?
No, they're not going to.
And Trump, he's trapped them in all of this.
And this will be used against them in the end.
Since we have a new house in place, since we have those people that are hopefully not blackmailed by the central bank system, which I don't think they are.
Some of them still are.
But the majority most likely aren't.
They're going to be pushing certain agendas.
And I do believe we've seen a lot of solutions coming out of Trump.
And the House is going to be looking at this going, OK, that sounds reasonable.
Let's try to do this.
Let's try to pass this.
What happens if Trump says, oh, the Fed, I mean, he did this when he was in the White House.
The Fed shouldn't be raising rates.
It's not going to help us.
Not at a time when other countries are doing something completely opposite, when they're bringing down their rates.
Why should the Fed raise the rates and the Fed reversed their policies?
What happens if Trump comes out and says, hey, the Fed shouldn't ever increase the rates?
This wasn't the right move.
Is the House gonna be looking at this going?
Maybe we should be looking at the Fed.
Maybe we should look a little bit deeper into the Fed.
Maybe we should have an audit to see what they really been doing.
I wouldn't be surprised if all of a sudden this type of information comes out because when you're in a crisis and the entire system is completely falling apart, people want accountability.
People want answers.
People want the House to do something, not to bail out corporations, not to bail out the corrupt individuals.
They want to find out why did this happen?
Who's responsible for all of this?
And why didn't the Biden administration, why didn't the Fed do anything?
Now, again, in the end, we're probably going to see the Fed and the puppet masters fighting with each other, pointing the fingers at each other, and The people are going to say, okay, that's fine.
You fight against each other, but we're going to start to look and delve into what you've been doing here.
And I do believe we're going to be turning up quite a bit.
And I do believe that their entire agenda is going to completely fall apart in the end.
Listen, everyone.
Thanks a lot for listening.
Be well, be safe, and especially be prepared.
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