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March 17, 2023 - X22 Report
28:38
Ep. 3023a - Banks Imploding,The [CB] Prepares Their New System,Countermeasures In Place,Think House
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Hi
Hi and welcome.
You're listening to the X22 Report.
My name is Dave and this is episode 3023 AM. Today's date is March 17th, 2023 and the title of the episode is Banks Imploding.
The central bank prepares their new system.
Countermeasures in place.
Think house.
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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, they decided it's time to move forward with their plan, with the Great Reset, the Green New Deal.
And they started to put everything in motion.
They already started to create events.
And why do they need events?
Why do they need something to push their agenda?
Because the Constitution...
Protects we the people.
And the only way for the Deep State or the Central Bank, the World Economic Forum, the only way for them to get what they want is they need to scare the people.
Scare Congress.
Scare everyone and put the fear of life into them.
That is the only way they can move forward.
Let's go back for a sec to 2008-2009 when we had the Great Recession.
During that period of time, what did they have to do?
They had to scare America that we're in this terrible crisis and the only way out of it is to do what?
Bail out the banks, bail out insurance companies, bail out the car companies, actually give total control to the Federal Reserve.
And they use that to push their entire agenda to scare Congress, to scare the American people into doing exactly that.
And what did Congress do?
They went along with it and they passed certain bills to allow all of this to happen.
Think about it this time around.
What are they doing?
What are we witnessing?
We're witnessing the implosion of this economy.
We're seeing inflation.
We're seeing high fuel costs.
We see the banks.
They are imploding right now.
And once again...
What are they building?
They're building a narrative.
A narrative to convince us to do something that we normally wouldn't do.
And they know they need to create these events.
They know they need to put the fear of life into the people to get their way.
But I do believe that this time it might be a little different.
It might be a little different because I do believe this time around the house was the target on purpose.
What does the house handle?
It handles the creation of law.
It handles the purse strings.
It handles the creation of currency.
Think about that for a second.
We'll be talking a lot more about this a little bit later and why I don't believe the central banks are in a winning position this time around.
But first, let's talk about what's happening with the Green New Deal, with all these dictators around the world where they're pushing their agenda.
Look what happened out in the Netherlands.
We mentioned this yesterday.
The Dutch farmers, they are fighting back.
Now in France, since Macron decided, you know something?
I'm going to push the pension reform.
I'm going to go around Parliament.
I'm going to use this nuclear option and we're going to push this through and we don't care what the people say.
Well, once again, the people are out there and they're very angry and they're protesting.
And I do believe these protests are going to get a lot worse because the people aren't going to be able to take it very soon.
The people, they're going to hit that interesting precipice that we had always been talking about.
And the people are going to say enough is enough.
They're doing things against us.
The people are not with them.
And now they're going around parliament.
They're going around the rule of law.
And we could see that this is already happening.
And I do believe this is not going to work out in their favor, just like the Green New Deal is not working out in their favor.
Look, there was a poll that was done and the poll shows that a lot, the majority of the people, I should say, believe that climate change is a religion, has nothing to do with climate.
And something very interesting came out of all of this.
We all know Greta Thunberg.
She's been the person at the center of all of this, pushing this climate change scare event, saying that we only have five years, six years.
And then she deletes her tweets and everything like that.
But we know it's all fake, phony, and false.
So they use this little girl...
Who's in her pajamas, didn't finish school, and they're trying to use her to convince the world that if this little girl's crying, that it must be real.
But we've come to find out something about Greta, and we have Dr.
Simone Gotik put this out on Twitter and says, The more I dug into Greta Thunberg's story...
The more I realize that something stinks here.
It's no coincidence that her first appearance was on August 20th, 2018, with a sit-in protest in front of the Swedish parliament followed, coincidentally, four days later by the release of a book she co-authored with her mother.
But that's not all.
The PR machine for her was already in full swing on August 20th, thanks to a man named Ingmar Renshag, who financed and drove the campaign through his company at We Don't Have Time.
And guess what?
Renshag is also coincidentally the chairman of a think tank, And if that's not enough, Renshag purely coincidentally happened to walk by the Swedish parliament on August 20th and encounter Greta during her sit-in protest, taking a photograph of her.
But wait, there's more.
Renshag and Greta's mother had already met before at a climate conference on May 4th, 2018, which is coincidentally the exact date when Renshag became CEO of the aforementioned think tank.
And here's something interesting.
Both Christine Persson and Stefan Löfven happen to be members of Klaus Schwab's World Economic Forum.
It's amazing how all these connections seem to come full circle, isn't it?
It's clear to me that something fishy is going on behind the scenes.
These people are manipulating the public and abusing their power for their own political gain.
We need to be aware of their tactics and warn everyone we know about the Great Reset and the Fourth Industrial Revolution.
And yes, this is all part of the same thing.
All these coincidences where, oh, they just discovered this girl and, oh, climate change.
This was coordinated from a very long time ago to actually bring us into the Great Reset.
I remember going back in time in 2013, 2014, 2015, when people used to say the Great Reset was a complete conspiracy theory.
That's not what's going to happen.
They don't want to bring us into something else.
This is the system that we're in today.
But today we're finding out that it's no longer a conspiracy theory.
It became true just like everything else.
And we can see this is what they're trying to do.
They're trying to push us into this new system.
And everything that we're witnessing right now, this is their push.
But there are countermeasures in place.
We'll be talking about that in just a sec.
And you can see they want to bring down the economic system in a controlled fashion.
And out in the EU, you can see inflation, it's up to about 8.5%.
It's down a little bit by 0.1%.
So what is the EU doing?
Well, the EU central bank is raising rates again.
Despite weakening banking concerns.
What happens when you raise rates?
It brings down the system.
And actually the fake news is actually admitting this because the story came out with Morgan Stanley saying, yes, if we continually rate hike like this, it's going to destroy the economy.
We'll be talking about that in just a sec.
But the other thing that's very interesting is that Janet Yellen, She doesn't even know the tax rate to cover Joe Biden's proposed tax hikes to save Social Security.
Now, she was being questioned by Senator Bill Cassidy, and Bill Cassidy asked a couple of questions like, the president in the past has proposed increased taxes on those making over $400,000 to pay for it.
What would the rates have to be on the 2% of Americans who earn $400,000 to do Medicare, the debt and deficit, and also to address the 75-year-old shortfall of Social Security?
And he continued saying, I'm sure there is a projection of how much those would have to be.
Can you tell us what those rates would have to be to do everything he is saying?
Well, guess what Yellen's answer was?
I can't tell you that.
What kind of answer is this?
You don't know.
You're head of the treasury.
You're looking at Biden's budget.
You have no clue what's going on.
That makes no sense.
And talking about no clue about what's going on, you can see all these people in these banks like Credit Suisse, the Silicon Valley Bank.
Well, these individuals in there are just like the individuals that Biden brought into government.
And there's a reason why they do this, because I do believe they don't really want people in these positions that are qualified.
They want these people in the positions so they can do their dirty work on the other side.
And actually, when all when everything starts to fall apart, they will be held accountable.
Jordan Shatchell put this out on Twitter and said the head of global markets at Credit Suisse is mentally ill, gender fluid man who sometimes believes he wakes up as a woman.
And then when you look at the Silicon Valley Bank, what do you see?
There was only one member of the failed SVB's board who had a career in investment banking.
The other people, as we know, were part of the Obama administration, Clinton megadonors, other trans people.
Were they actually qualified to be in these positions?
No, they weren't.
And we'll be talking about why they didn't want qualified people in this position because basically they're the scapegoats in the end.
You see, they bailed out the depositors, not the banking system, the depositors, because everything was happening in the background with their money laundering system.
And they only cared about those accounts that were doing the crimes.
The other part of the bank, they didn't want anyone to realize or notice what was really going on.
And that's why they put these people into place.
But what's very interesting is that HSB Bank in Leicester, which recently bought the British division of the bankrupt Silicon Valley Bank, well, all of a sudden there was a fire that was started there.
And that is very interesting that all of a sudden there was a fire.
Now, the other thing that's very interesting, and we've said this before, the bank failures was not because of what Trump did.
The bank failures is because of inflation.
And Treasury Secretary Jack Yellen testified before the Senate Finance Committee on Biden's 2024 budget proposal.
She was grilled about Silicon Valley Bank's failure.
And the Senate Finance Committee ranking member Mike Crapo got Janet Yellen to admit Biden's inflation crisis led to a rapid rate hikes, which then led to a banking crisis.
So basically she admitted, yes, because of what happened Because of inflation, that is what led to the downfall of the banking system.
So basically, here's a story in three parts.
Joe Biden and Democrats in Congress created the inflation crisis by spending more than $6 trillion in a couple of years.
Inflation hit 40-year highs because of Joe Biden.
Then the Federal Reserve decided to step in, and the Federal Reserve Chairman, Jerome Powell, raised rates seven times in 2022 for a total of 450 basis points, or 4.5%, to hedge inflation.
Because of that, Because of what they did here, the sudden and dramatic rate hikers crushed Silicon Valley Bank.
Now, Jerome Powell, he knew exactly what he was doing.
They all knew what they were doing.
This is a controlled demolition of the entire banking system.
And you can see that the bankers now, they're trying to cover up everything that has been going on.
And I'm not talking about the people they just put into place here, the one or two people that actually know what they're doing.
They're the ones who are trying to cover things up here because we could see the Justice Department just released this, "Former Wells Fargo executive agrees to plead guilty to obstructing bank examination involving the opening of millions of accounts without customer authorization." And we could see within the banking system, there is a lot of crimes that are being committed.
There's a lot of money laundering going on.
And just with the Silicon Valley Bank, with the Signature Bank, and many other banks, we can see that's exactly what is going on.
Now, what are they going to do?
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They're going to deflect everything that we're seeing onto those people that work for the bank.
Now, most of these people, they're not qualified to be in the bank, but they're going to use them as a sacrificial lamb.
And they're going to say, they're the ones who are responsible.
Don't look at the depositors.
And we can see this is already happening.
Biden is already demanding civil penalties and industry bans for failed bank execs.
And he issued a statement demanding tougher penalties for executives of failed banks.
So basically, those people that they put into place that aren't qualified to be there, they're going to hold them accountable right now.
What else are they doing?
Well, they did this on purpose because what are they trying to do?
They're trying to consolidate the banking system.
Think about what they've done.
Think about how the central bank works.
Think about what they need to do.
Everything in their plan revolves around centralization, top control.
And the only way to do that is to get rid of the low-lying fruit, like the smaller community banks, the smaller businesses.
They like to bring it up to We're good to go.
So what's happening right now, we can see that they're pushing this agenda.
They're pushing it very, very hard because they start everything in motion.
Remember, back in 2020, they told us we're ready for the Great Reset, the Green New Deal.
Trump and the Patriots knew this.
Trump, he knew what their playbook was.
He knew they were going to raise rates.
He knew inflation was going to go off the charts.
He knew that they were going to follow the Green New Deal, which meant the economy was going to start to really fall apart because they were going to cut into energy production.
And he knew that fuel prices were going to go up.
Why do you think he made the country energy independent?
And he knew as they continually raised the rates, it would bring the entire system down.
It would create a crisis.
Now, I do believe Trump and the patriots, they're going to be using this crisis to benefit we the people.
But first, you have to trap these people in their own agenda.
And what's very interesting is that out of MarketWatch, they're already putting out articles letting us know that the crash is coming.
And they put out an article saying every hiking cycle over the last 70 years ends in a recession or a financial crisis.
It's not going to be different this time, Morgan Stanley Strategist says.
And it won't be different this time.
Everything is on schedule right now.
And actually, Janet Yellen actually admitted under oath in front of Congress.
She was explaining the entire banking bailout of the depositors.
And Senator Lankford actually cornered her.
And she really couldn't escape from what was really happening.
Now, of course, these people aren't going to come out and tell you, hey, by the way, what we're trying to do is we're trying to collapse the smaller banking system.
We want to bring it into the bigger banking system because we need everything centralized for our central bank digital currency.
But when you listen to the exchange between Senator James Langford and Janet Yellen, you can see exactly what they're trying to do.
And what they're trying to do is they're trying to destroy the smaller banks.
Take a listen.
So what is your plan to keep large depositors from moving their funds out of community banks into the big banks?
We have seen the mergers of banks over the past decade.
I'm concerned you're about to accelerate that by encouraging anyone who has a large deposit in a community bank to say, we're not going to make you whole, but if you go to one of our preferred banks, we will make you whole at that point.
Look, I mean, that's certainly not something that we're encouraging.
That is happening right now.
That is happening because depositors are concerned about the bank failures that have happened and whether or not other banks could also fail.
No, it's happening because you're fully insured no matter what the amount is.
If you're in a big bank, you're not fully insured if you're in a community bank.
So basically what they're trying to do is they're trying to scare the people.
They want people to leave the smaller banks.
This will destroy them because what did they do?
They increase the interest rates.
We're seeing inflation.
This is going to destroy the banks.
And especially when depositors leave, we can see what happened to Silicon Valley Bank.
We can see what happened to Signature Bank.
And basically they're telling everyone it's safer to be in the big banks.
So what do you think people are going to do?
They're going to say, well, I better move my money.
I better take it all out.
And like we said yesterday, They don't have to go to the bank to do this.
All they have to do is use an electronic system, which is set up today, to transfer their money into other banks.
And actually, they don't even have to go to the banks to open up an account.
They can do it electronically.
So this can happen very, very quickly.
And remember, the small to medium-sized banks, along with credit unions, are the best vehicle for Main Street USA small businesses.
So think about what they want to do.
Step back, take a 40,000-foot view.
If you want to destroy the entire financial system, take complete and utter control over it.
You need to do what?
You need to destroy all the small banks.
You need to destroy the small businesses.
This is what they tried to do in the pandemic.
And you need everything in the Bigger banks, where they can control everything, where they can centralize everything, to then eventually go into the central bank digital currency.
And I do believe this is why when we mentioned that yesterday about the Federal Reserve announcement, which is going to actually come online in July, it's their FedNow service.
But again, in this press release that the Fed put out, it doesn't mention crypto.
It doesn't mention central bank digital currency.
But they're setting something up right now because they're preparing for...
Additional events.
Remember, they're going to need events to actually try to push us into the central bank digital currency.
They just can't do it on their own.
Remember that.
Think about gun control, for example.
Can they just go and say, you know something?
Right now, we're just going to get rid of everyone's guns.
We're going to collect them and they're going to be outlawed.
No, they can't do it.
Why?
Because the Constitution.
The same thing with the financial system.
The same thing with the Federal Reserve.
Who has to pass laws to allow the Federal Reserve to move forward with the central bank digital currency?
That would be Congress.
Congress would have to do this.
So when you look at the illegal authority to issue a U.S. central bank digital currency, Congress is going to have to step in.
Now, is Congress just going to say, absolutely.
You know what?
Let's vote on this.
We all want a central bank digital currency, don't we?
No, they're not going to do that.
How is the deep state, the central bank, the World Economic Forum, how are they going to convince Congress that we need a central bank digital currency?
They're going to create a scare event in the economy.
They're going to create a crisis.
Now, does Trump and the Patriots know this?
Of course they do.
Why do you think the House was so important?
See, if we go back in time when President Trump was in the White House, the Senate was very important.
This time around, the House is very important because now we have patriots within the House and the patriots can fight back against this.
So let me just read a section here of the legal authority to issue a US central bank digital currency.
So to authorize the Federal Reserve to issue a central bank digital currency, two problems arise.
First, this provision does not constitute further authority for the Federal Reserve to issue notes or the forms of currency, but rather provides only what types of currency, whether that be Federal Reserve notes, bank issue notes or treasury minted coins shall constitute legal tender.
Second, assuming that some entity had authority to issue central bank digital currency, this provision can be read to include a central bank digital currency as legal tender only if the parenthetical list is read to be indicative as in including but not limited to rather than exhaustive.
Given the variety of government obligations in circulation, there appears to have been good reason for Congress to specify an exhaustive list of what is in fact included.
Even if the list were read to be indicative under the legal principle of a USTEM generous, any instrument would have to be similar in nature to those listed in order to qualify.
It is difficult to consider a digital currency a similar nature to paper currency and coins circulated in the early 20th century.
This is not only because of its form, digital versus physical, but also because its function and technology raise a host of issues that physical notes do not.
As the IMF has noted, launching a central bank digital currency is a multidimensional undertaking that extends beyond the central bank's normal information technology project management frameworks.
The new currency could lead to major disruptions affecting monetary policy transmission, financial stability, financial sector intermediation, the exchange rate channel, and the operation The governor of the Bank of England has noted that potential issuance of a central bank digital currency raises profound questions about the shape of the financial system and the implications for monetary and financial stability and the role of the central bank.
The form of the central bank digital currency makes a difference.
Further legal questions would be raised depending on the form of any future central bank digital currency would take.
For example, a question at the forefront of the debate about central bank digital currency is whether it would be directly or indirectly held by customers.
In the direct model, customers would hold CBDC in accounts at the Federal Reserve directly.
However, the Federal Reserve is authorized to maintain accounts for U.S. depository institutions and the U.S. Treasury, among other entities, but not for individuals.
Thus, some who have proposed a direct model have noted the legislation would be required to allow individuals to hold accounts at the central bank.
Another question that has arisen is whether any future CBDC would pay interest.
The Federal Reserve Act provides that the Federal Reserve may pay earnings on balances maintained at the Federal Reserve Bank by or on behalf of depository institutions.
A CBDC held by a depository institution for a consumer in the direct model may not be considered a balance maintained by or on behalf of a bank.
The Federal Reserve does not appear to have legal authority to issue a central bank digital currency without congressional authorization.
And any authority it did have would appear to require the concurrence of the Treasury Department.
Furthermore, if it did issue a central bank digital currency, the Federal Reserve would not have the authority to hold accounts for CDBC holders, but rather would have to use an indirect model where accounts are held at banks or other intermediaries.
It also would not have authority to pay interest on any CBDC.
So all of this means that the Federal Reserve is going to have to get the approval of Congress.
And once again, to get the approval of Congress, what do they have to do?
They have to create an event.
I mean, the bailouts back in 2008, 2009, and for the Federal Reserve to take complete and utter control, they just couldn't do it.
So they needed a way to actually push Congress to give them full authority.
I do believe what Trump and the Patriots have done is they made sure that they captured the House.
So this way, when another event appears, And the World Economic Forum, the Central Bank, tries to push the Central Bank digital currency.
The people in the house, the patriots, are going to put a stop to it.
And they're going to make sure that this doesn't move forward.
Now, they're going to make this look very, very scary.
And I'm talking about the World Economic Forum, the Central Bank system.
Because they're going to have to try to push...
Members of Congress to push this through.
Just like they use false flags where they have different shootings to push the gun control legislation.
They're going to have to push this very hard.
And I do believe Trump and the Patriots, they knew this.
But hopefully that the Patriots that were put into place, they will actually stop the Central Bank from doing this.
Now, does that mean they're not going to try to go around Trump?
Congress, well, we've already seen that.
We've seen Joe Biden push vaccine mandates.
We've seen Joe Biden push executive orders.
And we've seen the ATF do the same.
And we've seen many governors, mayors, they tried to do the same.
And what is the game that they play?
The game is, okay, sue us.
Hopefully we can put everything into place while you're suing us.
But in the end, everything will have to be reversed.
So we'll have to see how this plays out.
But there are countermeasures in place.
And I do believe Trump and the patriots are going to use this to their advantage.
And this doesn't mean exactly on the day of July, everything is going to happen.
Remember, they can only use the events, they can prepare for all of this, but they're going to need Congress to move forward, just like everything else, and the Constitution is there to protect we the people, which means we have to continue to fight and push back.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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