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Feb. 16, 2023 - X22 Report
20:40
Ep. 2998a - Biden Will Not Be Able To Explain The Economy Soon, Buckle Up
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Hi and welcome.
You're listening to the Act 22 Report.
My name is Dave in this episode 2998A and today's date is February 15th, 2023 and the title of the episode is Biden will not be able to explain the economy soon.
Buckle up.
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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, soon they're going to have a very difficult time explaining the economy, especially the Biden administration.
Remember, they've been setting up the narrative that the economy is getting better, everything's improving.
Don't worry about what you're experiencing.
Just listen to what we're saying, because everything's going well.
Well, what happens, and we could see it already coming, what happens when the entire system starts to fall apart?
Remember, they've been giving us a promise that everything's going to be okay.
And they told us this, actually, if you go back in time, that we weren't going to see inflation, fuel prices weren't going to go up the way they were going up, and everything that they said so far has turned out to be a lie.
When the economy really starts to break down, which we're already experiencing, When they can't control fuel prices, they can't control inflation, they can't do anything, and all of a sudden, the profits of corporations continually decline and decline and decline, and all of a sudden, they start laying off a lot more people.
What is the Biden administration going to do at this point?
Because remember, they've been telling us that we're recovering.
Everything looks great.
And this is going to be a major, major problem for the Biden administration.
And That time is approaching, just like what we're seeing out in the world.
The people are not buying the Green New Deal.
The people are not buying the climate change.
Everyone is seeing through this now, and it's getting worse and worse for them.
Remember when AOC put out a documentary about climate change?
How well did that do?
It completely bombed in the box office.
Now we have Greta Thunberg.
She's out there pushing a climate book, and she's letting everyone know that it's available in USA and Canada.
And she is now charging for this.
So basically, she cut down trees to create this book, and now she's selling this book for a profit.
Clandestine chimes in on True Social and said the following, Greta killed a bunch of trees and charged $30 a pop to read the information she claims is necessary to save humanity from climate disaster.
If she was serious about the environment and public awareness, she would provide it for free digitally.
These people are pathetic.
And yes, if she's really worried about the entire climate and how the earth is completely being destroyed and we don't have that much time because she continually says that we're running out of time and she cries.
Why wouldn't she put this out digitally to show the whole world this is what we can do instead of charging money?
Isn't that interesting?
So now only a certain number of people are going to see this.
Not everyone on this planet.
Well that tells you everything you need to know.
That tells you that this whole climate thing is a bunch of BS. And as time goes on, more and more people are waking up to this.
And once again, if we're really talking about climate, saving the earth, where are they?
How come they're not out in Ohio?
How come they're not in Arizona where we had another truck, you know, turnover and was leaking acid or something like that?
Where are they?
They're nowhere to be found.
Why?
Because they're part of a certain agenda.
They're part of the World Economic Forum, they're part of the Central Bank agenda.
And we can see there's a lot of corporations They are also intertwined with the World Economic Forum, with China and the rest.
Actually, if you go back to World War II, there were a lot of corporations that were working with the Nazi regime back then.
They were working with the enemy.
And today we can actually see the same exact thing.
We're not at war the way...
Everyone thinks of a war.
We're not at a physical war, but we are in an informational war.
And these companies now are siding with the World Economic Forum.
They're siding with China.
And what's very interesting is we can see people are calling out Ford right now.
Robert C. O'Brien put this out on Twitter and he said the following.
Now, what's very interesting about this...
Is that Ford right now is stopping production or maybe they hold it a little bit because there are problems with the batteries in a lot of their trucks.
But what is Ford actually doing right now?
Well, they're moving forward with a project to collaborate with the Chinese company to build batteries in Michigan for the automakers of electric vehicles.
And the news comes as the struggling auto brand lost billions of dollars last year under the leadership of CEO Jim Farley, in part because of bad investments in poor vehicle quality, which has led to expensive recalls.
Now, Ford's deal with the Chinese company, contemporary Amperex Technology, comes after Republican Virginia Governor Glenn Youngkin removed his state from a plan to attract the automaker specifically because of its connection to the Chinese company.
And now they're looking to join up with the Chinese Communist Party, and they're looking to make a cheap battery.
So yes, all the resources and everything and all the materials are going to be coming from China.
They're going to be bringing here to the United States.
They're going to make cheapo batteries here, and they're going to push their agenda.
And Ford Motor Company right now, they're receiving a lot of backlash this week for moving forward with this project.
And we can see now the people are starting to realize and understand what this is all about.
And there are a lot of corporations that are now working with the enemy.
They're working with the agenda that they're pushing right now.
But the people aren't going along with this.
The people are fighting back.
The people are learning the truth.
And the people are saying, whoa, what's going on here?
I mean, one minute we're energy independent.
The next minute you're telling us we're not energy independent.
And the only thing that changed was Trump was in the White House.
Then the resident was in the White House.
And he removed the Keystone XL pipeline, shut that down.
He actually placed more regulations on the oil companies, reneged on lease deals, and all of a sudden we're no longer energy independent, fuel prices started to move up, and now all of a sudden we need to go to all electric?
Well, this is not naturally occurring.
You actually created this problem.
And now we should just follow along.
Remember, everything these individuals have been telling us from the very beginning has been a complete and utter lie.
In the very beginning, going back to the 70s, they told us we were in an ice age.
They said the world is going to be covered with snow and ice.
And then all of a sudden the earth started to warm up.
And again, the sun controls us.
And then all of a sudden they switched tactics and they said, oh, forget the ice age.
We're in a warming phase.
It's global warming.
And soon the ice caps are going to melt.
Soon the oceans are going to boil over.
Soon we're going to see snow.
It's going to be a thing of the past.
Soon we're going to see a lot of these beaches are going to completely disappear.
And this is all going to happen probably in 2010, 2015, 2020, 2022.
And none of these things ever happened.
And they told us that CO2 is bad.
This is poison.
We need to get rid of it.
Well, Thomas Massey clears this up and he said the following on Twitter.
CO2 emanates from our lungs and feeds everything that grows on this planet.
Our survival as a species requires recognizing CO2 is life fuel, not pollution.
It doesn't cause cancer.
It doesn't lower birth rates.
We must distinguish it from real pollution, which must be minimized.
And right, CO2 is not pollution.
And think about why we have so much pollution.
Think about what has happened over time.
Think about plastics and everything else.
Remember, when the central bank came into existence and we came off the gold standard and the value of the dollar completely declined, What did companies have to do?
They had to find cheaper ways of creating products and shipping and things like that.
Yes, a lot of the manufacturing move out of this country, but can you ship glass around or was that going to be very heavy?
Let's talk about our health.
Do you feel like you're fighting a losing battle against the dreaded holiday weight?
If so, you'll be glad to know that 52% of U.S. adults are with you.
Over half Americans say they're trying to lose weight this new year.
One of the best ways to help fight the battle against dreaded holiday weight is with the amazing keto powder.
By helping promote elevated levels of ketones, it can help you take control of your cravings appetite while supporting your weight management goals at the source with just one scoop a day.
Help fight the dreaded holiday weight with 51% off Plus, receive several bonuses including VIP Health Coaching for Life before their half-off sale ends by going to ketowithx22.com.
That is ketowithx22.com.
Or simply click more at the bottom of this video in the description box and click the link in the description.
The best part is you have 60 days to change your mind if you aren't fully satisfied.
Order now and thank me later.
Well, when the dollar declines and it loses value, can you keep the manufacturing here?
Can you keep shipping everything in glass or wooden boxes?
Well, no.
As the dollar declines in value, it takes a lot more of those dollars and everything is expensive because you need a lot more of those dollars.
So what do they have to do?
They have to move everything out to other countries.
So to make things lighter, they had to go to plastics.
They had to go to all these things.
Actually, they're the ones who caused this problem.
The people didn't say, hey, you know something?
We would like all our water bottles in plastic.
You know something?
We don't want to use wooden crates anymore.
We want to move to, you know, styrofoam.
We want to move to these other packing type of stuff.
The people didn't say that.
The companies were driven to do this because the central bank...
Federal Reserve note declined in value.
They had to find cheaper and cheaper ways to actually produce these things.
So, once again, it leads back to where?
The same exact people that are trying to bring us into this ridiculous system.
They're the ones who caused the problem in the first place.
I mean, when the entire system falls apart and the Federal Reserve note loses value...
That's their system.
It's their system that's imploding, not the people's system.
And they want to move this into their other system.
Really think about what they're doing right now.
And now the Biden administration, they're having trouble explaining why this entire system is falling apart.
Remember, they told us we're in a recovery.
Everything looks great.
And they're continually lying to the people that Biden is out there letting everyone know that food prices are coming down.
After the inflation report revealed prices at the grocery store actually increased in January.
Representative Andy Biggs put this out and said, Biden, food prices are coming down.
Reality, grocery prices are up 11.8% from last year.
So let's break this down and let's see what's really going on.
Is he lying or is he telling the truth?
Well, the CPI for food away from home, restaurants, vending machines, cafeterias, sandwich shops, etc., jumped by 0.6% for the month and by 8.2% year over year.
The sixth month in a row of 8% or more.
Well, that seems like things are getting a lot better.
The CPI for food at home, food bought at stores and markets, re-accelerated to an increase of 0.4% in January from December.
On an annual basis, the CPI for food at home rose by 11.3%, the 11th month in a row with double-digit year-over-year increases.
So if we look at year over year and we start to look at cereals and cereal products, that's up by 15.9%.
Pork is up 1.5%.
Poultry is up 11.2%.
Fish and seafood is up 4%.
Eggs are up 70%.
Dairy and related products up 14%.
Fresh fruits up 3%.
Fats and oils up 20%.
Coffee up 12.8%.
Juices and non-alcoholic drinks 13.3%.
So it seems like everything is getting better.
And once again, when they start to use the argument, well, we're just looking at the month-on-month increases, and it seems a little bit better.
They're down a little bit.
But once again, they're using the argument that, oh, look, from our high that we brought this up, they came down by 0.1%.
That's ridiculous.
You mean you brought it up to 11.1% and now it's down at 11%?
No, it's still up very high.
It makes no sense whatsoever.
It's almost like a trainer going, listen, I'm going to make you lose weight.
But first, we're going to have you gain 200 pounds, okay?
And then once you reach 200 pounds that you've gained, we're going to make you lose 50.
And then we're going to show everyone how you lost 50 pounds.
So what do you think the people are going to do?
They're going to look at this person and say, hey, look at that.
You lost a lot of weight?
Or they're going to say, wow, damn, this person made you gain all this weight and they're trying to convince you that you lost 50 pounds and now it's working?
That makes no sense whatsoever.
This is what Biden is doing.
He's bringing everything up, up, up, up, up.
And as soon as it comes down a little bit, he's trying to claim that everything is perfect now.
It makes no sense whatsoever.
I mean, yes, if he brought it back to when Trump was in the White House and he brought fuel prices back down to $2 or $1.90 or $1.80, yes, that's an accomplishment.
If inflation goes back to where it was before he came into office, yes, that's an accomplishment.
But when you bring something up to 11% and you say it came down to 10.9%, it's up 10.9%.
So whatever he's saying is completely ridiculous.
Charlie Bilello put this out on Twitter.
He said the following.
U.S. retail sales increased 3.9% over the last year, the lowest growth rate since May 2020, and below the historical average of 4.8%.
After adjusting for inflation, though the picture is much worse.
Real retail sales declined by 2.3% over the last year, the fifth consecutive year-on-year decline.
So retail sales are completely plummeting right now.
Now, they're saying that they're soaring, but what's really behind the red-hot retail sales?
Well, aggressive seasonal adjustments.
Same as payroll, one time.
So basically, they're just adjusting everything, making it look like that.
Wow, look at this.
This is incredible.
This is a one-time factor right now.
They made a seasonal adjustment.
So basically, they're playing with numbers.
Remember, all of this retail sales data is nominal, not adjusted for inflation.
While not comparing apples to apples, adjustment nominal retail sales for CPI shows that Americans' real spending has gone practically nowhere for 10 straight months.
So before you charge off writing about how strong the spending data is, consider how strong the credit card debt load is and how weak the saving rate is for Americans struggling after the 32nd straight month of real income declines.
So what we're seeing right now is not what Biden, his administration, is actually telling us.
It's all kabuki theater.
They're just manipulating what's going on here.
But the proof is in the pudding.
All you need to do is go to the store.
All you need to do is fill up your tank.
All you need to do is go out into the real world and you can see the real world problems.
And what he's saying doesn't make sense.
And when people start to lose jobs and company profits start to decline, this is going to be a complete and utter disaster.
And the other thing that's around the corner, as we can see, is the tax refunds.
The tax refunds are going to hurt Americans because a lot of people depend on the tax refunds.
They depend on these refunds to get by throughout the year.
And now the early IRS data show that American tax refunds so far this year are smaller than they were last year.
And once again, we can see all the stimulus and everything.
That is all completely gone.
So as of February 3rd, the average refund amount stood at 1,963 or down by 10.8% from the year ago when it was 2,201 on average.
So the people are going to feel this, especially those people that are dependent on this.
And eventually what's going to happen is the Biden administration, they're going to have a very difficult time explaining why all this is happening.
Remember, they took the side that we're recovering.
They used the strategic petroleum reserves to bring the fuel prices down.
They started to move back up, which added to energy inflation.
They're using the strategic petroleum reserves once again to try to bring the fuel prices back down.
But people are seeing the increased costs of everything.
Corporations are now saying that their profits are declining.
People are being laid off.
And now they're going to have to battle with their lie that everything is fine.
Everything's recovering.
And the people are going to realize firsthand what's really going on in this economy.
And yes, we are headed towards this crisis.
And the Biden administration, they are going to be trapped in their narrative, just like they've done in the past.
And there's going to be no way out of this because when the entire system starts to fall apart and the market starts to come down, How do they explain this?
They can't.
Remember, at this point in the game, he's been in the White House going on his third year.
He can no longer blame it on Trump.
He can no longer blame it on anything.
And also, what's been set up as a trap is Trump's tax cuts.
No matter which way he moves, it's a complete and utter disaster.
Now, yes, he's going to try to blame it on the House.
He's going to say, well, the Republicans can't come up with a budget.
Yes, we need to do what I say.
But again, they've been telling us that the Inflation Reduction Act is going to kick in any moment and everything's going to be great.
But remember, this sauce is going to run out very, very soon.
And he will not be able to explain this as we move forward.
Actually, he's trapped in this entire thing.
And I do believe Trump actually led him down this path.
And now there is no way out of this because blocks have been set up right now.
And once again, he's been telling us that the Inflation Reduction Act is going to kick in any minute.
Is anyone seeing it kick in yet?
No, not yet.
And it won't.
And he's been telling us that we're in a recovery.
While his administration and those people in his administration are bailing on him.
So he is trapped in all this.
Obama's trapped in this.
Where he's in the basement directing Biden.
Those deep state players hiding behind the curtain in the central bank.
They're all trapped in this narrative.
And there's going to be no way out of this.
And yes, we will be ending into a crisis.
And yes, Trump and the patriots will be using this crisis to the benefit of the people.
And remember, Trump is going to continually give solutions.
As we move forward, he already said, listen, we need to make the country energy independent.
Manufacturing depends on it.
Jobs depends on it.
And we could see the Biden administration, they're doing the actual opposite of all this.
And we can see, in the end, what are people going to realize?
That people are going to understand firsthand, because they are experiencing it, they're experiencing high fuel costs, high food costs, loss of jobs, They're going to understand that, hey, we need to go in a different direction, and everything the Biden administration has been telling us is a complete and utter lie.
And yes, the people are going to make a decision because they're going to be able to think logically, and they're going to see the truth teller.
They're going to go with the truth teller who's been giving the solutions, not giving the excuses and lying to the people.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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