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Jan. 15, 2023 - X22 Report
22:38
Ep. 2973a - Brazil Freezes Assets, [CB] Says The Quiet Part Out-loud, Fear Sets In
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*Mario's music*
Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode, 2,973 AM. Today's date is January 15th, 2023.
And the title of the episode is Brazil Freezes Assets.
Central Bank says the quiet part out loud.
Fear sets in.
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That's ketowithx22.com or simply click the link in the description box down below and get ready to look your best this new year.
Let's get into the economic collapse financial.
Now, the deep state, the corrupt politicians, the private West Central Bank, the World Economic Forum, they are now in the process of pushing everything that they've been talking about going back in time.
Remember, they've been talking about the Great Reset, the Green New Deal.
Actually, it was considered a conspiracy going back in time until Klaus Schwab, and now the King of England, said this is the perfect time for the Great Reset.
Then all of a sudden that conspiracy completely disappeared and it became fact.
Now, what's very interesting about this...
Is they never thought that their cover story would be dismantled so quickly.
And they got the ball rolling and they can't stop now.
So now every single person on this planet can see exactly what they're trying to do.
And every move they make is going to hurt them, not help them.
Remember, they're a minority.
They're a small little group.
They're these wealthy individuals that want to take control of the world.
And I know the fake news continually says, well, that's a conspiracy theory.
It's funny how all these conspiracy theories are all coming true.
But once again, it is a minority of people.
People that want to control the rest of the world, the rest of the population.
And they are going to continue to push into the very end.
Now remember, everything that they're telling you is not what they're going to do.
Everything that they want you to do, they're going to do the opposite.
Just think about everything that we've seen in the past, everything with the central bank, everything with these corrupt politicians, everything that they push is always the opposite.
I'll give you an example.
We know that the World Economic Forum right now, they're having a meeting in Switzerland right now, and we know there's a lot of individuals that are attending this meeting, and we know that they have armed guards with guns.
Isn't that interesting?
So you need guns to protect individuals.
That's interesting right there.
But think about it.
Think about all these people who drove their long limos that are gas-powered.
They took private planes to get there.
And QTime Network put this out on Telegram and said, nothing to see here, just more than 2,500 delegates, 5,000 armed security, and more than 2,000 individual private flights will fly to Swiss ski resort for the World Economic Forum in Davos.
So...
Basically, they're telling you, you need to stop doing what you're doing.
You need to pay for the CO2. You need to actually be shut down if you use too much of it.
But they're flying their private planes, they're driving their long limos, and they have security all around them.
And we can see they're already trying to start the ball rolling, because what do we see?
We see a German scientist out there, Hans-Hokim Schellenhuber, He's saying that individual carbon dioxide limits should be applied to every person in order to establish a planetary guardrail in the effort to combat allegedly man-made climate change.
So he's out there saying that every person should have a limit of three tons of COT emissions per year and those who exceed their limit should be forced to pay for the pleasure.
Basically, what they want is complete and utter control.
Now, Jack Posbiak on Twitter, he put this out and he was citing the World Economic Forum's site and the fact checkers came in and said he's completely wrong.
So, but this is what he put out and he said the following.
A UK government affiliated fact checker has decided that you are not allowed to read what the World Economic Forum website actually says about applying COVID social restrictions to climate.
Because of course, that would be crazy.
And then he continued on and says, I'm not taking anything out of context.
You can go right to the site and read what they're promoting.
So basically, the fact checker came in and said, the World Economic Forum wants to impose climate lockdowns through carbon allowance programs.
They say this is false.
So let's just read and see what it says here.
It says, There have been significant developments in the last five to seven years on social environment and technology fronts that could help realize my carbon initiatives for shaping the future towards smart and sustainable cities, specifically to mention three developments in this context.
COVID-19 was the test of social responsibility.
A huge number of unimaginable restrictions for public health were adopted by billions of citizens across the world.
There were numerous examples of globally maintaining social distancing, wearing masks, So, what Jack is saying is true.
And really think about what they were trying to do.
And think about if this is actually working.
So, they're saying that this was their test.
To move us forward and have us condition.
Now, yes, if there was a true pandemic and the global economy was shut down, because remember, this is all intertwined for the Great Reset.
And if everyone was sitting in their house and everyone was scared and afraid and this went on for eight, nine, 10, 11 years until their vaccine came out, would people accept all of this?
Yes, they would.
But now that people see that everything that they did is completely fake, phony and false, are the people going to be as accepting as they try to move us into the Green New Deal, the Great Reset?
No, at this point, they're not.
You can see the countries around the world, the people in these countries, they were pushing back very, very hard.
The people in this country, they started to realize, whoa, wait a minute, what's going on here?
And people started to push back.
Why do you think people aren't taking the boosters today?
Why do you think people aren't going along with what they say?
Why do you think their entire mission completely broke down?
Do you think people are going to fall for this again?
Do you think people are going to say, oh, yes, we need to do this because of carbon?
No, the polls show the opposite of Right now, they're trying to move forward.
They're talking in an echo chamber and they think the world is going to go along with them.
But we could see the world is not going to be going along with them because what did you see?
You see them with guards.
You see them with a huge amount of security.
It's almost like when they cheated in the elections.
They thought the people were going to come and actually oust them from the Capitol.
This is why they set up the fences.
This is why they set up The National Guard there.
Because they knew what they did.
They knew that they overthrew the United States government.
They overthrew the duly elected president.
And they thought the people were going to come and get them.
So think about the World Economic Forum.
Why do they need so many guards?
With guns.
Because the rest of the world is not going along with them.
If the rest of the world were on the same page of them, this little minority group that's meeting in Switzerland, which is absolutely meaningless...
They wouldn't be so afraid and they wouldn't be hiding behind armed guards.
That tells you everything you need to know.
See, when the people are with you, You don't have to hide behind fences.
You don't have to hide behind the National Guard.
You don't have to hide behind thousands of soldiers.
If the people are with you, the people are going to accept you out in the crowds.
Actually, really think about it.
Trump, when he has a rally, are the people accepting?
Does he have a fence around him?
Does he have armed guards?
No.
He's there with the people.
Think about Bolsonaro.
When the millions of people are on the street...
Did he have armed guards?
Did he have fence around him?
Did he have bulletproof glass?
No, the people are with him.
This tells you everything you need to know.
And actually, talking about Brazil, look what they have done.
They're following in the footsteps of Canada.
And they keep doing this, and this should tell you and show you everything you need to know.
Those people that were protesting in Brazil, and of course they had other people, agent provocadores, push riots there.
But what did they do?
They froze the assets of 6.5 million Brazilian people.
They say that these 52 individuals and seven companies, they have links to what happened during the protest.
So they froze their assets.
Didn't they do the same thing out in Canada where they froze the assets of the peaceful protesters?
See, they want full control.
Now, if they do get a central bank digital currency, which they're not going to get, they would do the same exact thing.
This is showing everyone everything they need to know.
And this is going to completely fall apart, just like the economy in this country and around the world is completely falling apart.
No one's buying their lies.
I mean, Joe Biden, he put out a tweet, and this is very interesting.
He said gas is down more than $1.70 from its peak.
That adds up to $180 a month for a typical family that's money in your pocket, not spent at the pump.
Well, wait a minute.
Gas is down more than $1.70 from its peak.
So let's say when he came into office, What was gas?
$2 and what, 10 cents or something like that?
Some places it was $2.
So he brought the peak up to $5.02.
And then he brought it down to what, $3.50?
So let's remove his peak and let's just see what he did here.
He went from $2.10 to $3.50 on average.
So basically the people are spending more from when he came into office.
He didn't help anything.
Basically, it's the same example that we've been given all along.
If you have a person that's trying to help you lose weight and they make you gain 200 pounds and then you lose 50 and the guy goes, hey, or the girl says, hey, look, you lost 50 pounds.
Look how great.
I'm incredible here, aren't I? I really got you to lose weight here.
50 pounds.
No, he made you gain 150.
This is what Biden is trying to convince everyone of.
Is anyone buying this?
No, they are not.
He brought it up to five dollars and he brought it down a dollar seventy, but we're still up.
What?
A dollar forty.
So, yeah, if you brought it back to $1.90, $1.80, $1.70, then people would say, okay, this is incredible.
Thank you very much, Joe Biden.
Thank you for bringing the gas prices down from $2.10 from when you came into office to $1.80, $1.70.
But people are now looking at this going, okay, you came into office at $2.10 and you brought it up to $3.50.
Why am I thanking you?
I'm angry.
You brought it up to $3.50 back when Obama was actually a little bit worse than when Obama was in office.
Let's talk about our health.
A recent survey reveals that if your New Year resolutions revolve around weight loss, half of all Americans are with you.
One of the easiest ways I recommend jumpstarting your New Year's resolution is with the amazing keto powder.
This substance helps you tap into many of the weight management benefits of being in ketosis, even without the need for extra carb restrictions or having to go through the infamous keto flu.
I want you to try it as well and experience the amazing effects it had on me.
Get a bag today for 51% off, plus receive several free bonuses before the new year sales ends by going to ketowithx22.com.
That's ketowithx22.com or simply click the link in the description box down below and get ready to look your best this new year.
Really think about this for a second.
The whole thing is completely falling apart.
And the other thing that's very interesting is that we know that the Fed, they're not trying to fix inflation.
They can't fix inflation.
And we can see that what they're doing right now is following the pattern that they've always followed.
They raise their rates and then at a certain point they start to drop them.
And I don't mean they go right to zero.
They raise it by 75 basis points.
And they say, okay, 50 basis points.
And then they'll say, okay, 35 basis points.
Okay, then 25 basis points.
Because they already know that the economy is already tipped over.
Elon Musk put this out on Twitter.
He said the following.
I wonder what would happen in 2009 if the Fed had raised rates instead of lowering them.
The higher the rates, the harder the fall.
Absolutely.
And now we have the banks.
They're preparing for billions in losses in 2023.
Despite good earnings due to an increase in interest rates, banks are predicting a major increase in default in 2023.
Genevieve Roach-Dector, CFA, on Twitter put this out and said, Bank of America just posted a $1.1 billion provision for credit losses.
JP Morgan's was $2.3 billion.
This is a very bad sign for the economy in 2023.
Let's dive in.
Banks reported good earnings results this morning.
JP Morgan blew out EPS expectations with $3.57 earnings versus $3.07 expected per share.
Bank of America posted great revenue numbers thanks to higher interest rates.
But shares of both banks declined just after results were released for a reason that has nothing to do with Q4 performance, provisions for credit losses.
JP Morgan's $2.3 billion quarterly provision for credit losses and the largest we've seen since 2020.
In 2019, provisions for the entire year were $5.5 billion.
What does this mean?
JP Morgan and Bank of America expect a lot more defaults in their credit portfolios in the coming months.
Each quarter, banks increase or decrease their loss provisions based on their future expectations of losses from the current credit portfolios.
A large addition in one quarter means that expectations for credit defaults is higher than it was three months earlier.
It's one of the best forward-looking indicators on a bank's income statement.
While most information on the income statement just tells us about past performance, the credit loss provision gives us a glimpse into what the bank expects for the near future.
This trend of rising default worry started in the middle of last year as rates were rising.
For the first time in two years, banks saw the economic outlook was dimming.
You can see how delinquencies rates increased pretty quickly in Q3 of last year.
Banks are certainly expecting that number to rise.
Earlier this week, the Financial Times reported that 9% of UK mortgages are at risk of default.
Where are we headed?
Banks will certainly look to cut the risk profile of their credit portfolios and stave off disaster.
Defaults on credit will certainly rise in 2023, but at least banks can see it coming.
And yes, we can see that banks are going to be in quite a bit of trouble moving into 2023 and probably 2024.
And once again, people need to be prepared for this.
Just like people were prepared for what happened during COVID when all of a sudden we had no toilet paper because we've been talking about, you know, stocking up and preparing for certain events.
And you don't know what the event's going to be.
The lights can go out.
You might not have heat.
You might not have food.
You might not have toilet paper.
You might not have access to your money in the bank.
We don't know because we could see we're heading into a time where we're moving from one system to another.
And since we are gonna be moving from one system to another, sometimes it's a little bit safer to be out of that system.
I don't mean completely.
I mean to take precautions, to have an insurance policy just in case.
And I do believe a lot of people are starting to pick up on this and a lot of people are starting to say, OK, I see what's happening around the world and I see where we're going with this.
And we have to remember Trump and the Patriots, they knew the deep state players, the private, central bank, the World Economic Forum.
They were going to bring us down this path into the Great Reset, the Green New Deal.
And I do believe they're using this.
And I've said this many, many times before.
They're using this because they know they can use this crisis to their advantage.
Why not allow them to do what they were going to do no matter what?
Because remember, this is their system.
We're just playing in their system.
Trump's playing in their system.
And why don't we just allow them to do what they do best?
Destroy their own system, try to bring us into the new system, and then actually...
Move us in a completely different direction.
So how do we know that the Central Bank, the Federal Reserve, how do we know that what they're doing is not going to work?
Well, we're starting to see signs and we're starting to see more and more evidence showing that what the Federal Reserve is doing.
And if you go back in history, you can see their pattern.
But we have Paul Craig Roberts.
He put out an article.
I'm not going to read the whole article.
I'm just going to read a little section of it.
And actually, this is coming from the Epoch Times.
And it says the Federal Reserve is raising interest rates because Powell thinks mistakenly that the current inflation is caused by excessive consumer spending.
Powell doesn't understand that the current inflation is a result of the lockdowns that reduced production, collapsed supply chains and shrunk the amount of goods and services available for purchases.
Those driving up the price of the reduced supply of goods, the sanctions against Russia that broke up the supply chains and pushed up the price of energy and all energy related goods.
What we're experiencing is a supply side inflation due to the curtailment of output.
The Federal Reserve's high interest rate policy only worsens the situation because the higher interest rates are supply, constraint, and further reduce the output available to meet consumer demand.
So we have a situation where the Federal Reserve is fighting inflation in a way that worsens the problem.
It doesn't make it better.
And that is what we are witnessing right now.
And the Federal Reserve, they already know that they pushed it to a certain point, and now they are now backtracking and bringing the rates down, saying, okay, we have things under control.
It's a false sense that they controlled everything.
Actually, what they have done is they tipped the economy over the edge.
The banks are seeing it.
Other financial pundits are seeing it.
We can see that the Federal Reserve knows this, but of course they're not going to come out and tell you, just like if you go back to 2008.
I think we're good to go.
Again, the Federal Reserve, the Central Bank, they're not going to tell you what they're doing.
They're not going to tell you, hey, by the way, you know what we're doing?
We know that by raising the rates, it's not going to cure inflation.
We know it's going to bring the economy down.
So everyone brace themselves because that's exactly what we're doing.
If you really think the Central Bank or the Federal Reserve is ever going to do that, that's absolutely ridiculous.
It's not in their interest to do that.
Their interest is to bring it down, then point the finger someplace else and say, holy crap, look what happened.
It's Ukraine.
It's this problem, that problem.
But don't worry.
We have a solution for what we just did.
That's what they do.
They're creating an event so they can usher in their solution.
That's the only reason they're doing this because they want to convince everyone.
This is what we need to do to get out of it.
Actually, they already hinted at this.
What do you think they did back in 1971 to come off the gold standard?
They created an event speculators in the market.
They told you it was going to be temporary.
They did it so they could take everyone off of the gold standard and make it all fiat.
And the world went full fiat.
That's what they really wanted to do back then.
And they had to create some type of an event, They already knew that they had their other system waiting in the wings.
The same thing now.
They have the central bank digital currency waiting.
It's already done.
I know they all were just experimenting.
They had this done for a long time.
And they're trying to use this crisis to bring us into it.
And the thing that they're afraid of is gold.
Yes, gold they're afraid of.
And especially Bitcoin.
Decentralized cryptocurrency.
They are very, very afraid of this.
And India's central bank pretty much just says it out loud.
And this is what they said.
And this is coming from Disclose on Telegram.
India's central bank head calls for a ban on cryptocurrencies because it is gambling, leads to a dollarization of the economy, and banks will lose control if it grows further.
They're afraid of what's happening now.
They don't want people to use it because who would lose control?
The central bank, the banking system.
And they don't want this.
They just said the quiet part out loud.
But remember, Trump and the Patriots, they're going to be using this against them, just like everything else that we're seeing.
Everything that we see, they use against them.
So why not allow the enemy to do what they do best?
Bring us down this path.
They are responsible for all of this.
Yes, they might blame other countries or other people like Putin.
But they're the ones who are doing it.
And then you can use all of this against them to show the people that we should not follow in this path, that we should actually go on a different path.
And I do believe that people are going to say, yes, we want the different path.
We don't want to go with the central bank.
We don't want the central bank digital currency.
We don't want the Green New Deal.
And boom.
Once the people make the decision and the central bank is removed from the equation, what happens to the World Economic Forum?
What happens to the WHO? What happens to all these organizations that they set up to push a narrative?
What happens when all the funding disappears?
Everything collapses.
Their narrative collapses.
Everything collapses on their end.
And I do believe this is exactly where we are headed.
And Trump, the patriots, they are pushing the central bank, the World Economic Forum, to do what they do best.
Destroy their own system and let the people see it and let the people make the final decision.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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