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Jan. 3, 2023 - X22 Report
17:47
Ep. 2963a - Did Trump Set Economic Traps For The Biden Administration?
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Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode, 2,963A. And today's date is January 3rd, 2023.
And the title of the episode is, Did Trump Set Economic Traps for the Biden Administration?
Let's talk about protecting our wealth.
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Let's get into the economic collapse financial...
Now, the deep state, the corrupt politicians, the private Western Central Bank, the World Economic Forum, they never saw what Trump did coming.
They never saw that he actually set up many, many, many traps for the economy.
Remember, when Trump was in the White House, what did he do?
He set up the economy so people could see, look, this country, even though we're in a private Western Central Bank illusionary economy, this economy can do much, much better than what the other presidents and what the other people have been telling you.
We can make this economy absolutely incredible, even though we're in a private Western Center Bank illusionary economy.
He went ahead and renegotiated the trade deals, NAFTA. He went ahead and he placed tariffs on China.
He went ahead and he made the country energy independent.
He went ahead and placed tariffs on Europe.
He went ahead and he brought industry back to this country, removed regulations for every new regulation.
I think he got rid of eight.
He was able to do this and people started to see, wow, look what we can do.
Then he introduced his tax cuts.
Now, of course, the fake news was out there saying, well, he's doing this because he's now going with the rich and he's giving them all these benefits and the people aren't going to see it.
But this actually was the opposite of what really happened.
The people started to see how these tax cuts were helping them.
Now, I do believe Trump, he set up a trap for the Biden administration because he put this in place.
And as we move along, each one of these tax cuts expire.
Now, remember, Biden, he campaigned on getting rid of this tax.
That Trump put into place.
These tax cuts.
So far, he hasn't done it.
And as time goes on, and every step of the way, at certain periods of time, there are tax cuts that expire.
Now, Biden, the Congress, they can do one of two things here.
They can say, okay, you know something?
We need to extend this.
We can't allow this to expire.
And then Biden's put in a very strange position.
He's kind of trapped, isn't he?
Because if he gets rid of the tax cuts, what are the people going to see?
The people are going to say, whoa, why are we paying so much more in taxes?
What's going on here?
Corporations and everything else.
What's going on here?
You got rid of this?
Actually, we see that it works.
This is why he didn't get rid of it yet.
Now, as each one expires, the people are going to go, well, wait a minute, aren't you going to renew this?
Because now we're seeing that this expired.
Now we're seeing there's more taxes.
What's going on here?
So Biden, he's kind of trapped in all this.
And as each of these taxes expire, the economy gets worse and worse as time goes on, doesn't it?
Absolutely, because remember, Trump, he set all this up from the very, very beginning.
He made the country energy independent.
He brought inflation very, very low.
People were employed.
Industry was coming back.
There was tariffs placed on China.
That money was going to the farmers.
And at every step of the way, as the deep state players, as the central bank, the World Economic Forum, as they push their agenda forward...
And they remove the fossil fuels and they go to green energy.
We are no longer energy independent.
As they move forward...
We could see that they're pushing a lot of these spending bills and that's going to add a lot of currency to the system, which we've seen during the pandemic.
And this is why we saw a lot of inflation.
We're also seeing energy inflation.
As they push this, people are starting to see the difference.
Actually, I think a lot of people see the difference.
Now, as these taxes start to expire, some of them have already expired.
People are going to start to recognize and realize, wait a minute, what's going on here?
Maybe you should renew this.
Now, can he renew this?
Can he take that next step and say, okay, I'm going to renew Trump's tax cuts?
Well, he would then admit that these tax cuts are working.
If he doesn't renew them, the people are going to notice that there's something wrong and the people are going to realize, whoa, Trump's tax cuts did work and Biden just let them expire.
Biden, the puppet masters, the private West Central Bank, the World Economic Forum, they are trapped in all of this.
And I don't see a way out of this.
And what this means is inflation and the economy is going to get worse and worse as time goes on.
Remember, I do believe Trump and the patriots, they know the playbook of the World Economic Forum, the private West Central Bank.
They allow them to move forward with their plan.
Since they knew the playbook, since they knew what they were trying to do here and Trump actually put them behind schedule, he knew exactly what was going to happen with the economy.
This is why when he said, listen, if Biden gets into office, you're going to see the stock market start to come down.
Actually, how much has the stock market lost?
Quite a bit.
You're going to see fuel prices start to really move up, and we're going to enter a recession or a depression or something even worse than that.
Actually, he said the recession is the nice word because he put certain traps into place, and I do believe he is now boxing in the central bank, boxing in the World Economic Forum, boxing in the Biden administration.
And I don't see how they're going to escape this because every step of the way, things are getting worse and worse.
And actually, if you really look at it, Inflation is absolutely terrible.
Because when people look at the real price, and I'm not talking about the 7.1% that they keep throwing out there.
I'm talking about real inflation.
I'm talking about what people experience every single day.
And when you start to look at The real inflation, what people see every single day, the things they need to live on.
And I don't mean, oh, going out and buying an iPhone or, oh, look, cars went down in price.
I'm not talking about that.
I'm talking about everyday things that people absolutely need.
So when you look at the unadjusted change year on year, November 2021 to November 2022, fuel oil went up 65.7%.
Eggs went up 49%.
Margarine, 47%.
Airline fares, 36%.
Butter margarine, 34%.
Flour prepared flour mixes, 24%.
Public transportation, 23.8%.
And this, if you go down the list, you can see that everything started to move up and people are experiencing this inflation.
They see the difference year after year after year, especially from 2018 to 2019 to 2020.
If you go back to that point in time and you fast forward to now, people can really see the difference.
And people understand that, hey, you know, you can tell me the 7.1 number, the 6.9% number, whatever number you're gonna throw out there, but when I go to the store and I have to live, you know, every single day, I see it.
Let's talk about protecting your wealth.
Noble Gold Investments is pleased to let you know that gold is the best investment class for 2022.
According to longtermtrends.net, gold has actually outperformed the S&P 500, Dow, and Bitcoin for 2022.
So what are you waiting for?
Open a gold IRA or a silver IRA with Noble Gold Investments this month and receive a free quarter ounce American gold Eagle Coin with every qualified IRA of $50,000.
Can't go wrong with Noble Gold Investments and their thousands of five-star reviews.
To get started, go to x22gold.com or click the link in the description.
Remember, there's always a risk of loss and past performance is not indicative of future results.
Now, when you look at school lunches, they become more expensive this year as the federal waiver program came to an end.
So when you really look at this, you can see that things are coming to an end.
Things are expiring.
You also see that when Trump went ahead and made the country energy independent, he knew that once they stopped this, there was going to be energy inflation.
And he knew they were going to do this.
He knew the playbook of the World Economic Forum, the private central bank, and the puppet masters.
And he knew that all of this was going to happen.
This is how he's able to predict what's going to happen because they're not working for the benefit of the people.
They're working for their agenda.
Trump was working for the benefit of the people.
He wanted to show the people, look what we can do here.
We can actually make the economy pretty darn good, even though we're in a private central bank illusionary economy.
The fake news is going to tell you the things that I'm doing are really helping the wealthy.
But in reality, they're really helping the middle class, lower middle class people get by.
And now people are starting to realize this.
And think about this.
As time goes on, states, they're going to have to raise the minimum wage.
Because remember, this is a band-aid fix.
This is never going to solve the problem.
Because think about how many times they raise the minimum wage.
As inflation picks up, what do they have to do again?
They have to raise the minimum wage.
When inflation picks up again, what do they have to do?
They have to raise the minimum wage.
What you're actually seeing is the devaluation of the currency, which means the currency is worth less and less and less.
So if you have to continually raise the minimum wage, that means that you can't make ends meet because the currency is losing value very, very quickly.
I mean, really think about it.
Go back in time.
Go back to the 70s, the early 80s, when the minimum wage was like $3.35.
Right?
Fast forward to today, where the minimum wage is something anywhere between $15 to $22 an hour, depending on what state you're in.
But we are seeing that there are 23 states right now that are raising their minimum wages at the beginning of 2023.
And these are Arizona, California, Colorado, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, Nebraska, Ohio, Rhode Island, South Dakota, Vermont, and Washington.
Because without doing this, The people wouldn't be able to get by.
Those people that are working at the retail level, at the service level, they wouldn't be able to make ends meet.
Now, people that are working for corporations, there's a lot of hiring freezes, and also there are wage freezes right now, so they're not seeing an increase in salary.
Now, the question is, At what point do you say enough is enough when the minimum wage is $50 an hour?
I mean, the minimum wage is $70 an hour?
Because if you go back in time and you told people back in the 60s or the 50s that minimum wage was going to be $15 or $20 an hour, they would laugh in your face.
They'd say, that's absolutely crazy.
That means the system's breaking down.
Something's going on here.
And that's exactly what we're seeing.
We're seeing the system break down.
And I do believe Trump and the Patriots, they are driving the deep state players, the private West Central Bank, the World Economic Forum, down this path.
And I do believe he set up all these different mini traps to trap them.
He put this out on True Social.
He said, why is the Biden administration so soft on China?
The problem Democrats have with China is that they are soft on China from a domestic policy, jobs, economy, trade point of view, something that President Trump really understood.
And Newsweek deputy opinion editor on Maria Bartiroma, Trump says, hey, what's up with Newsweek?
Are they getting much better?
I guess they found out, like all others, that fake news isn't working.
They're all going bust.
China owns Biden and now the USA. Then he put this out.
I took in hundreds of billions of dollars from China.
Now we're giving it all back.
Why?
I know.
Because China owns Biden.
Think about what Trump did.
This was a trap that Trump set.
actually, if you look at it, making the country energy independent, bring in the resident.
He knew that he was going to make the country dependent on other countries for oil.
He knew that he was going to use the Strategic Petroleum Reserve.
He knew that they were going to push the Green New Deal.
He knew that they were going to jack up fossil fuel costs because they're trying to bring us into the Green New Deal.
He knew all of this.
So every step of the way, he's setting little traps.
And actually, he put this out on True Social.
We mentioned this yesterday.
The Trump tax cuts must be extended or our economy will come crashing down.
The big one.
So when we look at Trump's tax cuts, what do we see?
And this is coming from the taxfoundation.org.
At the end of 2022, perhaps the most important temporary tax provision will begin to phase out full expensing for equipment, also known as 100% bonus depreciation.
This provision will begin to phase out starting December 31st, 2022, at which point the deduction percentage will decrease by 20% yearly, resulting in its complete expiration by the end of 2026.
Full expensing for equipment is one of the most pro-growth aspects of tax reform, yet temporary implementation falls short of delivering on growth and inevitably costs substantial amounts of revenue.
So let's see, this is expiring a little bit at a time.
Which is actually going to have an effect on the United States, where the United States will slow down in growth.
Now, when you start to look at this, why were there expiration dates on all of this and why were they timed?
Isn't this interesting?
So also at the end of September of 2022, we'll mark the expiration of numerous highway trust fund excise taxes.
This includes the tax on heavy truck tires, the tax on retail sale of heavy highway vehicles, the reduced rate of tax on the partially exempt methanol and ethanol fuels, and all but 4.3 cents per gallon of the taxes on highway gasoline, diesel fuel, kerosene, and alternative fuels.
On a relatively minor note, the leaking underground storage tank trust fund financing rate will also expire in September of 2022.
In 2023, the annual use tax on heavy highway vehicles will also expire.
Congress last reached a deal on extending funding for highway tax trust fund at the end of 2015 and has yet to propose legislation that permanently appropriates a satisfactory amount of revenue for the highway trust fund.
So really think about this.
All of these taxes are starting to expire.
And Biden, he ran on his campaign, you know, in the basement.
He ran on all of this saying that he's going to get rid of it because this helps the rich.
So far, he hasn't gotten rid of it.
Now they're expiring.
What does he do?
What's the next phase?
I mean, even if the House is in there and they say, okay, this is what we want.
We want to continue this.
We want this continued.
And we want all this to continue.
What happens when the Democrat Senate Slaps it down and they don't continue.
Or if they do continue it and then it goes to Biden.
Really think about this.
He's trapped no matter which way this goes because if they don't continue it, the economy continually slips and falls apart.
And it shows that look, all these expiring tax deductions help the economy.
If they continue it, it shows that Trump was right again.
There's no way out of this.
And I do believe Trump, he set all of this up to trap them all.
Remember, this is not about a four-year election.
This is not about, hey, look, the residents in the White House, let's arrest a couple of people.
This is about destroying their entire system, exposing their entire system.
And I'm talking about their economic system.
I'm talking about the power of the system, the World Economic Forum, destroying it.
The only way you can do this is to show the people the truth.
Just like when Trump was in the White House, he needed to show people, look, I can make this country energy independent.
I can bring fuel costs way, way down.
And we still had a central bank.
I can make unemployment very, very low.
I can keep inflation really low.
I can make you feel incredible in this economy and I can make the economy grow like we've never seen before.
I can place tariffs on China and send this money over to the farmers.
I can do all of these things and I can show you that everyone else lied to you and I can show you that this is the truth.
They lie that the economy can't get better.
Remember Obama, we might as well get used to the new normal.
And Trump, he has showed everyone, look what you can do.
Now, he's showing everyone, let everyone keep your eyes on the resident.
Let's see what he does.
And no matter which way he turns, he's trapped in all this.
This is about destroying their system.
This is about exposing their system.
This is about getting rid of the central bank.
And Trump, he set everything up to do this.
And I do believe it's a trap.
And he said it, and the World Economic Forum, the Private West Central Bank, and the Puppet Masters, they stepped right into it, just like everything else.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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