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Jan. 30, 2023 - X22 Report
21:09
Ep. 2984a - Biden Admin Has Lost The Economic & GND Narrative, The Fed Panics Over Crypto
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Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode, 2,984A. And today's date is January 29th, 2023.
And the title of the episode is, Biden admin has lost the economic and Green New Deal narrative.
The Fed panics over crypto.
Let's talk about being prepared.
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Let's get right into the economic collapse financial news.
Now, the deep state, the corrupt politicians, the private Western Central Bank, the World Economic Forum, everything that they're pushing, everything that they're trying to do with the economy...
With the Green New Deal, the Great Reset, trying to push us into that central bank digital currency, well, it's all failing.
Everything that they're trying to put into place right now, the people are pushing back one step at a time.
And you can see this across the country and you could see it across the world where people are protesting because they realize these individuals that are in government, these individuals that are pushing these draconian rules, their policies and everything else on them.
It is not working.
It's making the people's lives miserable.
And everything that they told us from the very beginning about the climate and how the people are destroying the earth and how we need to go all green and how we have to obey them.
Well, that is not working anymore because now when people look back, what are they seeing?
They're seeing that everything that they told us, all their predictions, everything that they laid out in the past has never, ever, ever come true.
Citizens Press on True Social put this out and said, in 1984, when Al Gore was born, Earth had 130,000 glaciers.
Today, just 73 years later, only 130,000 glaciers remain.
The beaches...
They're not disappearing.
Land's not sinking into the ocean.
Oceans aren't boiling over.
The North Pole didn't melt.
Snow is not a thing of the past.
Everything that they said is completely fake, phony, and false.
And you can see their agenda.
You can see what they're pushing.
I mean, think about it.
We just mentioned this on Friday when the Biden admin, what did they do?
Well, they blocked a major mining project here in the United States.
And what did they do?
They signed a deal.
Out in the Congo, where there's child labor to mine the exact same minerals.
I mean, really think about this for a second.
So they went ahead and they blocked it here in the United States, but out in Africa, in the Congo, they went ahead and they signed a deal.
And they know that there's child labor there.
They know that child labor, there's a hotbed for child labor for rare metals.
You know that they're doing this in conditions that are very, very dangerous.
And you could see that they're just pushing this agenda.
And once again, the people of this world, they're starting to see all this.
Remember, the veil has been lifted.
Everything that they want to do, everything that they're trying to do, they wanted to do this with a cover story.
They wanted some other type of distraction, but this is not what they're getting.
I mean, take, for example, what they've done with fuel prices.
Now, you have to remember and put this in perspective.
They needed the fuel prices to move up.
They needed them to get very expensive.
But once again...
They thought, oh, this was going to help us to drive everyone into electric vehicles.
This was going to help us to bring everyone into the Green New Deal.
But the reason why they needed fuel prices so high is because of what was really happening with electric vehicles compared to gas-powered vehicles.
And this is something they didn't want the people to know.
This is coming out of the American Thinker, and they're referring to a Ryan Eric King...
Joel Panik Report.
And this is coming from the Anderson Economic Group.
And they found that fueling costs from mid-priced ice-powered vehicles are lower than similarly priced electric vehicles.
Combustion drivers pay about $11.29 per 100 miles on the road.
EV drivers who charge up at home spend about $11.60 per 100 miles.
Now, if fuel prices continually moved up, which they are, but...
Since they came down, people can see the difference now.
You can see that, wait a minute, why is it cheaper now to actually fill up your car?
If fuel was down at $2, if fuel was down at $1.90, if fuel was at $1, the electric vehicles wouldn't make sense.
And why do you think Trump made the country energy independent?
Because with the country energy independent, they couldn't push this agenda.
It wouldn't work.
But that's not all.
It even gets a lot worse because we talked about charging your car at home.
But what about those people that charge at recharging stations?
Well, the charging station, those people that charge up there, they pay $14.40 per 100 miles.
So what are we seeing here?
They need fuel prices to really move up very, very high to make the idea that buying a $67,000, $80,000, $90,000 electric vehicle is absolutely worth it.
And remember how they have to do this.
They have to keep the fuel prices above something like $3.50 because if it goes below, like when Trump was in the White House, if we had $2, it wouldn't make sense.
They couldn't sell this to the people.
And this is why they're going to continue to push the fuel prices up because it's part of their agenda.
Remember, they need to create an event to actually then force people into their solution.
Do we need fuel prices at $4, $5 a gallon?
Should it be this way?
No.
Trump showed us already that, listen, the country can be energy independent.
If the country's energy independent, this entire push into the Green New Deal completely falls apart.
And this is what people are seeing.
This is what people are questioning right now.
Now, yes, if we had some type of disaster, like a war, a pandemic, and anything that would cover up what they're trying to do, people might have bought this solution.
But now, since people are awake, and people see what they're doing, people aren't buying it.
Just like the food situation.
Remember, Gates, he invested in an artificial egg...
And all of a sudden we're seeing egg prices go through the roof.
Does that make any sense?
And we're also seeing egg farms catch on fire.
Actually, there was another fire at the Hillendale Farms and this is an egg farm.
Does anyone find this very peculiar?
Because really think about this for a second.
Think about what we use eggs for.
Think about the cooking, the baking, and everything else.
Eggs, that's like the principal ingredient that you use in a lot of the cooking, a lot of the baking, a lot of products.
And if you can get rid of eggs and substitute it with artificial eggs, and actually if you look at this, this is what they did with butter.
They actually tried to convince everyone that butter was bad for you, and then they served us artificial crap that is actually really, really bad for you.
All this margarine and everything like that, they actually had to color it yellow because no one was going to buy it if it was white.
And actually, it is just basically chemicals.
And they're trying to do the same thing because in the end, what are they trying to do?
They're trying to make us eat bugs.
They're trying to make us eat grass.
They're trying to make us eat weeds.
They don't want us eating food.
Actually, this would make us weaker.
It would make us stupid.
It would actually destroy most of the people on this earth.
And it would make them completely non-functional.
And this is what they want, because what they really want to do is they want to control the people.
But look what they're doing and look at the problems that they're running into, because everything the Biden administration is trying to do is completely backfiring on them.
As they continually say, oh, look, the economy is falling apart.
Trump's economy was terrible.
I rebuilt it.
We're recovering.
But remember, they're pushing this Green New Deal agenda.
They're pushing the Great Reset agenda.
And we came from a place where fuel prices were very low.
Unemployment was very low.
Inflation was very low.
And now everything is worse.
And you can actually see it.
Actually, Kimberly Guilfoyle put this out on True Social, and she's comparing the time when Trump was in the White House compared to Biden.
So she's talking about Trump's economy.
And she says more Americans employed than ever before.
1.2 million new manufacturing and construction jobs.
Incomes rose in every U.S. metro.
7 million Americans off of food stamps.
Since Joe Biden wants to talk about the MAGA economic plan, these are the facts.
Absolutely.
And when you start to look at it, and she mentioned food stamps, When you look at food stamps today, the food stamp program is completely increasing like we've never seen before.
The cost of the federal stamps program known as the Supplemental Nutritional Assistance Program, which is known as SNAP, increased to a record of $119.5 billion in 2022.
Food stamp costs have literally exploded from $60.3 billion in 2019, the last year before the pandemic, to the record-setting $119.5 billion in 2022.
In 2019, the average monthly per-person benefit was about $129.83 in 2019.
And according to the U.S. Department of Agriculture, that increased by 78% to $230.88 in 2022.
So even more intriguing than all of this is the fact that the number of participants had increased from 35.7 million in 2019 to 41.2 million in 2022.
And when you look at what is happening with SNAP, during COVID, it skyrocketed.
Then after 2019 going into 2020, everything started to drop off again.
Then we hit 2022 and then all of a sudden it turned the opposite way.
The question is why?
Yes, there's a lot of illegals coming in here.
A lot of people are being laid off right now.
It's getting harder and harder for people to live and they can't make ends meet, which allows them into the SNAP program.
Talk about being prepared.
The FBI put out a report that power stations are being targeted with gunfire attacks, leaving tens of thousands throughout the country without power.
Law enforcement has stated that the attackers knew exactly what they were doing to disable the stations.
If the right power stations is properly targeted, it could leave millions without light, heat, refrigeration, water phones, and internet.
It's shocking to learn how vulnerable our power grid is and how often they're deliberately targeted.
That's why it's more important than ever to grab a light bug.
The light bug is an amazing, life-saving gadget that could save your life in deadly blackout or power outages.
It's an ultra-bright portable floodlight powered with built-in solar panels and a charging bank.
It thrives in low light situations like the outdoors and emergency like car repairs, fishing, camping, night markets, and more.
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And now you can see this is Biden's economy.
Remember, he's been telling us that we're in this strong economy that is strong as hell.
Well, when you start to look at the actual facts and you start to look at what's really going on here, you can see that it is not.
It is completely falling apart, most likely, and I do believe we're already in a recession.
Now, again, you have to remember what they do is they go back in time.
I'm talking about the fake news, the government.
They go back in time and say, hey, by the way, I don't know if you know this, but the recession started about a year and a half ago.
This is how they do it.
They don't admit it right when we're in the recession.
They admit it afterwards, or maybe we're heading into depression.
And then all of a sudden they go back in time and go, hey, by the way, I don't know if you know this, but we were in a recession back in 2021.
Even though that no one reported it, that's when it really started.
And that's exactly what they do.
But look at what the Biden administration is pushing.
And remember, it's not just Biden.
He's the front man.
There's a lot of corporations pushing this Green New Deal, the ESG, which is the environmental, social and governance metric that they use when investing.
And it seems that the people around the country, they don't like this, especially those individuals that have 401ks, those people that have pensions.
And there's a coalition of about 25 states that are suing the Biden administration over a Department of Labor rule that affects millions of retirement accounts.
And the attorney generals of multiple states are involved in this lawsuit.
So the new rule set to take effect on January 30th allows 401k managers to invest clients' money in environmental, social and governance ESG funds, a move that 25 states argue violates the Employee Retirement Income Securities Act of 1974.
According to the lawsuit, the rule puts at risk the retirement savings accounts of about 152 million workers, or two thirds of the U.S. population totaling $12 trillion in assets in the name of promoting the Biden administration's climate agenda.
The 25 states argue in the lawsuit that the Supreme Court concluded that ERISA requires fund managers to put their financial benefits of investments first and not any non-pecunary benefits.
The lawsuit also contends that the High Court directly tied the term benefits to income and doesn't cover non-pecunary benefits.
ESG investment strategies impose a leftist social and economic agenda, the attorney said.
And they said the ESG investment strategies are not designed to maximize financial returns for clients.
Rather, they've been concocted entirely to impose a leftist social and economic agenda that cannot otherwise be implemented through the ballot box.
ESG funds generally invest in companies that oppose fossil fuels, support unionization, and stress gender and racial diversity over merit, even if it results in a lower return for the client.
ERISA is in place to safeguard American workers, retirement savings, and ensure that fund managers make investments with the highest potential return for their clients.
So the people of this country, they're pushing back on this ESG investment because it doesn't work to benefit the people once again.
The Fed does.
Everything the deep state players do, everything that they do does not benefit the American people.
It benefits their agenda.
And it's going to hurt the American people in the end.
And this is why there are certain individuals that are turning away.
And I do believe this is going to build and build and build as time goes on.
They're turning away from everything the World Economic Forum, the central bank wants to do because now the people are awake.
Now the people see what's going on and the people are saying, yeah, we need something different.
We need some other type of system because the one that you're proposing right now is not working.
And this is how the people fight back.
Look, there are 25 states right now pushing back on this Green New Deal, pushing back on ESG investments.
You think there's going to be a lot more people joining?
Absolutely.
Everything that they're trying to do is not working.
The people are awake.
The people see what's happening.
I mean, look what's happening with the Federal Reserve.
From the very beginning, they told us, yeah, don't look at gold.
It's a barbarous relic.
Nobody uses gold.
It's the fiat currency.
That's what you need to look at.
Don't look at crypto.
Criminals use crypto.
That's very dangerous.
You know what's really good?
Our fiat system.
Yeah, I know we use it for money laundering.
Yes, I know we have criminal activity within the Fed.
Yes, I know all that, but crypto is a lot worse than what we're doing.
Plus, we don't have control over crypto.
So look at fiat.
That's the message they've been telling us.
And look what happened.
There was a Wyoming-based crypto bank custodias, and they put an application to become the member of the Fed system.
And the Fed was just sitting on their application.
Why?
Because they really didn't want to answer.
So they decided they were going to sue, and they had to sue to get the Fed to give an answer.
And of course, you know what the Fed was going to do.
You think they were going to accept this?
Absolutely not.
They actually said that crypto creates a significant safety and soundness risk and therefore didn't meet requirements under law.
So basically what they're really saying is, crap, if we allowed this to happen and they were part of the system and people saw, well, wait a minute, I could put my money into here and look how much better it is.
Actually, now stores can use it.
People can get paid in it.
What would this do to the fiat system?
They can't allow this to happen.
And when you look at the Fed's decision, you can see they're panicking over this because they can't have something like this within the system.
They can't allow it whatsoever.
And when they were asked about granting master accounts for crypto firms Fed Chair Jay Powell indicated that once the central bank granted one application, it would open up a can of worms.
What does he mean by that?
It would open up a can of worms for the people or for them because the people would see something completely different.
He said, when we start granting them, there will be a couple hundred of them quickly, and we have to think about the broader safety and soundest implications, and it's just hugely presidential.
So basically saying, hey, if we allow one, then a lot more are going to join up.
Then people are going to start to figure out, holy crap, the fiat currency is worth nothing.
These banks that are allowed to use crypto, they will then allow different retailers, different companies to pay people to accept it.
And then all of a sudden, people would have access to moving outside of the central bank system.
And this is something we just cannot allow, which means they're panicking over this.
And they're worried about where this is all going.
I do believe in the end, all of this is going to be moving away from their system.
Actually, you can see countries already.
They're starting to move away.
And remember, going back in time, we had Russia.
They were already creating a SWIFT system outside of the central bank system that's used today.
And right now, Iran and Russia, they launched a SWIFT-like system connecting banks and financial institutions between the two countries.
And I do believe there's a lot of countries like Saudi Arabia, they are already accepting currency that is not the US dollar, which is not the Federal Reserve note, which I should say, because it's not really the US dollar.
And you could see the world is starting to shift away.
Now, the central bankers always knew this.
They always knew that the world was going to be shifting away.
They knew their system couldn't last that long.
This is why they're going to try to bring us into the central bank digital currency.
This is why they've always pushed against gold.
This is why they've always pushed against crypto, because they can't allow the people of this world to understand and see What the world would be like if we were outside of the central bank system.
This is their biggest fear.
And they will continue to push back and push back into the very end until you start to see a country And you start to see what it's like to be outside the system, because once that happens, it is completely game over for them.
And I do believe that is coming here to America.
Just like Trump made us energy independent, he's going to make us financially independent, which means we're going to be outside of the private Western Central Bank system.
We will no longer depend on them.
The people will be financially independent.
And we'll be outside of their system, just like we were outside of the system of OPEC and everything else, outside of the globalist system.
I do believe in the end, this is where all of this is headed.
And you can see the Federal Reserve, they're panicking.
You can see the people are pushing back against the Green New Deal and everything that they're trying to push and put into place.
And once you cut off the funding for all of these Different organizations, their entire scheme, their entire agenda completely falls apart.
And you can see this is building and building and building and the people are pushing back and they're not going to stop.
Listen everyone, thanks a lot for listening.
Be well, be safe and especially be prepared.
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