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Feb. 2, 2023 - X22 Report
18:21
Ep. 2987a - GND Is Backfiring, The [WEF] Goes All Out, Economic Indicators Flashing Red
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*MUZIE MUSIC* Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode, 2987A. And today's date is February 1st, 2023.
And the title of the episode is Green New Deal is Backfiring.
The World Economic Forum Goes All Out.
Economic Indicators Flashing Red.
Let's talk about protecting your wealth.
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Let's get right into the economic collapse financial news.
Now the deep state, the corrupt politicians, the private West Central Bank, the World Economic Forum, everything that they're pushing is completely backfiring on them and now the World Economic Forum is going all out.
Because we're starting to see corporations, they're starting to speak up and say, you know something?
This ESG investing, this Green New Deal, it's not helping our company.
Actually, it's making a lot worse.
And this is what a lot of companies are going to start to realize as time goes on.
Why?
Because remember, this is a small minority pushing this entire agenda.
And the American people, the world, they're not going along with it.
Yes, you're going to find a couple of people here and there.
But remember, this is not the entire world going along with what the World Economic Forum wants.
So basically what we have right now is we have this small minority trying to push this and corporations right now.
They're starting to realize, yeah, you know something?
I don't think we should be heading in this direction.
Maybe we need to back off a little bit because our company is starting to suffer.
Actually, the CEO of British Oil...
He has expressed plans to scale down the firm's green energy investments as some have struggled to meet expectations.
So this is CEO Bernard Looney, and Looney intends to de-emphasize ESG objectives and reassure investors that the company is focused on using its competitive advantages, including in oil and gas, to maximize returns.
So what's happening right now?
Well, everything that they're trying to push, it's not working.
And the shareholders, the companies, they're starting to realize, you know something?
If we continue down this path, it's going to be a complete disaster.
But think about it.
The World Economic Forum is not going to say, okay, you know what?
All you companies that don't like the ESG investing, you don't like the Green New Deal, you don't like where we're pushing you, don't worry.
Just stop it.
It's not that big of a deal.
No, what the World Economic Forum is going to do Is they're going to push harder and harder because they have no choice.
They've been brought down this path.
They have to follow everything that they put out there.
We know that they started the ball rolling back in 2020 to bring us into the Great Reset, the Green New Deal.
And now they're going to push harder and harder and harder.
And what happens when you do this?
People wake up.
People see this.
Corporations say, well, wait a minute.
All the shareholders, they're very angry.
Investments are going down the tubes.
This is not working.
But that doesn't mean the World Economic Forum is just going to stop.
That means they're going to push even harder.
And I do believe Trump and the Patriots, this is exactly what he wants them to do.
Because why?
Because now they're panicking.
Once you panic, you do stupid things.
Which means you're going to push even harder.
Look what's coming out of the EU. The EU Commission President...
The fight against climate change is a must before announcing the Green New Deal industrial plan for the European Union.
So they're already pushing that, yes, climate change, we must do this and we must go into the Green New Deal.
They have no choice at this time.
This is going to be their downfall in the end.
Trump and the Patriots, they know this.
They know that this is exactly where they were going to go.
How do we know that Trump knew that this is what they were going to do?
Well, when he first came into the White House back in 2016, what did he do?
Did he keep the Paris climate accord and say, yes, you know something?
Let's go into the Green New Deal.
Let's do what they want.
No, he canceled it because he knew exactly what they were going to try to do.
And actually, he's been calling them out ever since.
When Biden came back and he started to live in the White House, what did he do?
He joined us back up to the Paris Climate Accord.
But remember, they lost a huge amount of time right now, which makes it very, very difficult for them to try to catch up.
And as they're trying to catch up to where they're supposed to be, everyone can see their plan.
Remember, there is no global economic shutdown.
There is no pandemic.
There is no great war.
There's no death and destruction.
They don't Have the cover story.
The veil has been lifted.
And as they push this, and as the Biden administration pushes this, as you can see they are, everyone can see the truth.
And you know what's going to happen to the economy as they continue to push this?
The economy is going to fall apart.
And Trump and the Patriots, they knew this also.
They knew that if they go down that path, which is going to lead us into the Great Reset, the Green New Deal, what's going to happen is that everything that they push with making the fuel prices higher, trying to get everyone off of fossil fuels, the other countries where you see Germany and the rest saying, we're done, no more nuclear, no more coal, no more of any of this, The patriots knew that this would be the downfall and it would hurt the economy in the long run.
And this is exactly what we're seeing.
The economy is falling apart.
There are red flashing lights all over the place.
Of course, they're all making it seem like, hey, look, we got it under control.
Everything is fine.
Well, that's what they say before it actually hits.
Go back to 2008.
In the beginning of 2008, they told everyone, and this is coming from the Fed, that everything was fine.
Everything is under control.
It's contained.
We are not projecting any type of recession anytime soon.
And at the end of the year, what happened?
The market crashed.
We started this recession, which means the recession started a long time ago.
But they just told everyone, don't worry about it.
This is the same thing that's happening right now.
And what do we see happening?
We see companies laying off.
Global Media Company is laying off 8% of staff and suspending operations at Gawker Magazine.
We see PayPal right now.
Remember, they went completely woke and they want to penalize people for putting out misinformation, disinformation.
They want to penalize them like twenty five hundred dollars.
Well, it seems that right now they're going to be laying off two thousand employees and that's about seven percent of their workforce.
And this is just the beginning.
This is going to get worse and worse as time goes on.
Think about what's happening right now.
They've been pushing their agenda.
They want a lot more taxes.
And we can see that the tax write-offs, the stimulus money, the extra that you are going to get for a child deduction, that's all going away.
And we also have Trump's tax cuts.
If they're not renewed, the economy is going to be in trouble.
But look what California is doing.
they're doing the nuttiest craziest thing right now let's talk about protecting your wealth noble gold investments is pleased to let you know that noble gold is the best investment class for 2022 real estate crypto stocks and bonds gold outperformed them all in 2022 so what are you waiting for noble gold investments has helped thousands of clients buy real physical gold 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 or more You can't go wrong with Noble Gold Investments and their thousands of five-star reviews.
If you're not ready to invest, download the Noble Gold Investment Gold Investment Guide.
Scroll down below and you'll find the link in the description box.
For mobile users, click the More button to find the link in the description box or go to x22gold.com and remember, there's always a risk of investment and there's no guarantee of any kind.
So they're trying to push this bill, and this is coming from Assemblyman Alex Lee, and he's a Democrat from San Jose, and it's Assembly Bill 259.
Now, the state would impose an annual tax at a rate of 1.5% of residents of this state worldwide net worth in excess of $1 billion starting in 2024.
Now, let me read this again.
It will impose an annual tax at a rate of 1.5% of a resident of this state's worldwide net worth.
So, if you have a home someplace else, if you have a business someplace else, you can be taxed.
I mean, really think about this for a second.
Does that make sense?
So, property in other states or other countries would be taxed.
And that would be the headache right there.
How does one assess value in another country with different systems of valuation, even different languages?
Maybe you could do it in Singapore, which has an advanced economy where many people speak English.
But how about investing in cobalt mines in the Congo, subject to price fluctuations, local upheavals, and the interference of communist China mining interest?
Think about this.
How would they go after this?
Do you think those individuals in California say, hey, you know something?
I want to stay here.
You know why?
Because I'm going to be taxed worldwide.
This is going to be incredible.
So what I'm going to do is I'm going to live in California.
I'm going to buy a house in other states and I'm going to have different properties in other countries.
And you know something?
I'm just going to stay in California.
You know why?
Because I'm going to be taxed.
No!
The wealthy are going to move out.
What happens when the wealthy move out?
What happens with those people that have businesses there?
The economy suffers because when the businesses move out and the wealthy people move out, those people that are looking for jobs, they're not gonna get jobs.
It's gonna be a complete and utter disaster.
And this is what they're trying to do.
Remember, we've been told for a very long time, watch California.
And you know something?
As we continually watch California and watch New York and all these other states, they're destroying their economy in these states.
And we could see that all these people that went with Biden saying, oh, yes, we have to let the illegals in.
Yes, we need to have them have certain homes someplace else.
And we have to set them up.
Well, they're all hypocrites.
I mean, think about it.
The illegals were sent to Martha's Vineyard.
What did they do?
They threw him out.
They said, no way.
We're not allowing this whatsoever.
And look what's happening with social justice warrior and Biden supporter Stephen Curry.
He opposes construction of affordable housing units near his 31 million mansion.
Well, isn't that interesting?
Doesn't he want people coming in?
I mean, he voted for Biden.
Mitch responded to this and said, And we can see that all these people are complete and utter hypocrites.
Even when they say, hey, we don't want a wall.
We don't want a wall on the border.
Most of these people have walls around their mansions.
And really think about the climate aspect.
Think about all these individuals like Obama and the rest.
They have beach homes.
They've been telling us for years, hey, the beaches are going to be underwater.
Why would you spend millions of dollars if beaches are going to be underwater?
Which means your house is going to be underwater.
Does that make any sense?
Because they know it's fake.
Just watch their actions.
Forget about what's coming out of their mouth because most of the time it's all BS anyhow.
Now, the other thing that's very interesting is we could see U.S. manufacturing in this country, it's starting to completely fall apart.
And we could see when we look at U.S. manufacturing, this sector continued to decline at the start of 2023.
And this is according to the latest PMI. And we could see that it went from 46.9 to 46.2 in December.
And the ISM data is even worse, falling to 47.4, below the expectation of 48.
So this is the weakest since May 2020.
And this is pretty darn bad.
So this is the third straight month of contraction sub-50 for manufacturing.
PMI shows rising inflation, weaker production and lower orders, screaming stagflation, and ISM's data confirms the rebound in prices.
So that is falling apart.
When you start to look at the job part of this in this country, you can see that the U.S. has added only about 106,000 private payroll jobs in January.
This is the slowest pace in two years and missing expectations.
So adding jobs now is on a downward trend.
And I do believe this is going to get a lot worse as we move forward because look what the Fed is doing.
They've raised the rates very, very rapidly.
And they had to do this because they know that they need to actually have this entire system come down in a controlled way.
So they raised the rates very, very rapidly.
And now they're starting to slow up because they hit that tipping point already.
And now we see that they're no longer doing 75 basis points.
They're doing They did a 50 basis point.
And now it looks like they're going to be doing a 25 basis point.
So we can see that right now the Fed, they've hiked interest rates to the highest level in 15 years.
So here we are.
I do believe we're on the downward slope right now.
They tip the economy over and we're getting many, many red warning signs right now because the U.S. economy is not nearly as close to the robust economy that the mainstream media wants you to believe it is.
In January, the Bureau of Economics analysis claimed that the GDP was up by 2.9% in the fourth quarter, but this makes no sense whatsoever.
Then looking closer at the numbers, it was noted that the Americans' disposable income decreased the most in 2022 since 1932 and the Great Depression.
So if disposable income is decreasing, how is GDP moving up?
Now, yes, I know there's a lot of military and other equipment in there, but the actual economy of the people, it is declining right now, which means if people don't have disposable income, people aren't spending on goods.
Now, think about the taxes right now.
Think about the tax cuts.
Think about what's around the corner.
And I do believe the economy is about to shift.
And it's just gonna get worse and worse as time goes on.
And there's one indicator that tells us quite a bit, and it's cardboard boxes.
Now, probably people are saying, what do you mean cardboard boxes?
Well, remember, cardboard boxes are used for everything.
For a shipment, things are packaging cardboard boxes.
So if there's a decline in cardboard boxes, That tells you there's something wrong with the economy, with shipping, manufacturing, and everything else.
And according to the data from the Fiber Box Association, U.S. cardboard box shipments declined by 8.4% in the fourth quarter, representing the largest quarterly decline since the second quarter of 2009 amid the great financial crisis.
Now, really think about it.
It declined in the fourth quarter.
What happens in the fourth quarter?
Are there holidays?
Do people buy gifts?
Is there a lot of shipping?
Does this make sense?
It doesn't.
It tells you that people didn't go out and purchase as much as everyone thought they were going to purchase, which means this doesn't look good.
And by the way, cardboard boxes, it's an overlooked barometer of the health of the economy as they are a massive component of consumer spending.
Whether it's e-commerce or shipping bulk goods to stores, cardboard boxes play a role.
And once again, we can see that things don't look good.
Remember, the mainstream media that continues to lie to Americans every day is at it again.
The economy is not nearly as strong as the pundits would like you to believe.
But then again, this is the gang that told you Obama's economy was strong, Hillary was good, Trump was a Russian puppet, COVID lockdowns were necessary, and the 2020 elections was the most secure in U.S. history.
None of which are true.
So why would people believe them now?
It's always the opposite of what they say.
And I do believe people are catching on to this, and this is why the fake news, their ratings, their income, and everything else is completely plummeting.
And I think people are waking up and starting to realize this.
And I do believe the economy is about to shift in a completely different direction.
And I do believe Trump, just like he's giving solutions to everything else, once the economy starts to really turn down and all of a sudden you hear people talking about recession, I do believe we're already in a recession, when you start to hear people talk about certain things and the market comes down, all of a sudden you're going to start to see Trump come out with economic solutions of things we need to do.
And I think we're on the cusp of all of this and it's about to play out.
Listen everyone, thanks a lot for listening.
Be well, be safe and especially be prepared.
Thanks a lot.
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