My name is Dave and this is episode 3056A and today's date is April 27th, 2023.
And the title of the episode is, Biden lies about the economy.
Fed tricked into saying recession likely.
Let's talk about protecting our health.
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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're trying to push us into the Great Reset, the Green New Deal.
And along the way, they pretty much lied about everything.
Remember, from the very beginning, the Fed was out there.
The treasurer's secretary was out there.
Biden was out there, all letting us know that we never had to worry about inflation.
Inflation was going to disappear.
It's transient.
Don't worry about it.
And then inflation started to pick up and people started to realize that, hey, wait a minute, you're telling us it's going to go away and it's here to stay.
Then we had Biden talk about the fuel prices.
And of course, he started out blaming everything on COVID, even though he was shutting down the Keystone XL pipeline and actually implementing more regulations.
And he lied about that.
And then he said, oh, it wasn't really COVID. It's really Ukraine.
Then it's Putin.
And all that turned out to be a lie.
We even had the Fed out there letting us know that we're mildly going into a recession.
And it seems that the Fed head has been tricked.
And now he's really saying that a recession is likely.
Let's take this a step further.
Is it just likely or are we in a recession?
And translation for recession is likely we're actually going into a depression.
We'll be discussing a lot more about this a little bit later.
But first, let's talk about what the Patriots are doing because they are now pushing back on the Green New Deal.
And I do believe they're going to continue to do this.
Right now, Republicans in the House of Representatives, led by Virginia Rep.
Ben Klein, he introduced legislation that would eliminate the Federal Insurance Office, a regulatory organ created during the Obama administration.
And this regulatory office is pushing the Green New Deal, the climate policy.
And now they're introducing a bill that is going to disband it.
And we'll have to see how this goes.
Now, of course, the Democrat-controlled Senate, they're not going to want this.
But you can see the patriots, they're pushing everything that they have.
And remember, they control the purse strings in the end.
And we'll have to see how this plays out in the end and see what happens.
And by the way, The federal insurance office, burdensome regulations, and oppressive federal oversight of each state insurance market are glaring examples of the federal government's excess overreach.
The Biden administration has weaponized the bureaucracy to implement its woke Green New Deal agenda in the regulation of insurance.
State laws protecting the availability of insurance for millions of Americans should be defended, not used as a political football.
Defunding the ever-expanding agency is a very good step towards Draining the D.C. swamp and returning oversight back to the states.
And I completely agree.
And I think they should start hitting against all these different policies and everything that the Biden administration has put forth to show America...
Here, we're doing the job that you elected us to do.
We are pushing back, even though the D's are saying, hey, we're not going to do anything.
We want all of this.
And I think the American people realize at this point who the installed people are and who the elected people are.
And that's becoming clearer and clearer as time goes on, especially with the economy completely imploding.
Right now, we're seeing layoffs like we've never seen before.
We have Chrysler that is cutting 3,500 union jobs.
We have GM that is cutting 5,000 salaried workers.
We have Dropbox laying off 16% of their workforce.
And Gap is going to cut 1,800 corporate jobs mainly in San Francisco and New York.
So it has already begun.
Layoffs are starting to pick up.
And I do believe when the corporate earnings come in and the recession really takes hold, where we're moving into a depression, this entire system is going to implode on itself.
And once again...
The optics are very good for Trump.
Not so great for Biden, Obama in the basement, because they're the ones who are going to be holding the bag when all of this starts to fall apart.
And that's exactly what's happening.
And you can see it in the GDP numbers, not just with layoffs, but you see with GDP numbers.
The United States economy grew modestly by 1.1% in the first quarter.
This is way below expectations.
Actually, they expected it by 1.9%.
It came in at 1.1%.
And when you start to look at the graph, It is very, very low, especially when they're continually telling us that the economy is great, it's growing.
Why is the GDP... Growing in the reverse way, if you really think about it.
So if we go back to the beginning of 2022, we had a negative.6 GDP. It popped up to 3.2.
Then as we go through 2022, it came down to 2.6.
Now it's down to 1.1.
Shouldn't it be going the opposite way if the economy is improving?
But it's going in the opposite way.
But Biden reacted to all this.
And he's saying that the economy...
Remain strong.
Everything is fine.
Don't worry about that.
But we see banks are failing.
Actually, there's another bank that looks like it might be failing.
That's First Republic.
First Republic's bank shares plunged by 50% after a troubling earnings call where company executives refused to answer questions.
The stock dropped after it emerged that customers withdrew more than $100 billion during last month's crisis.
And on February, in the month of February, First, Republic stock closed at $147.
Today, it closed at $5.69.
It looks like we have another bank that is completely failing.
And I don't think this is going to be the only one.
I think this is going to spread to many, many other banks.
And once again, Biden is out there and Janet Yellen is out there trying to convince everyone that the economy is doing fine.
But this is exactly what they've done in the past.
Actually, you go back in time, you can see that all these individuals that were ahead of the Fed, ahead of We know the Senate's not going to do anything.
And we can see the Biden administration, they don't even want to discuss it.
All they're saying is they're going to hurt people.
You know, by cutting the spending of the government, people are going to get hurt.
Now, let me translate that for you.
Well...
You're going to raise the debt ceiling, but not by what we want because, first of all, we don't want to cut anything because we're money laundering.
Secondly, we need the debt ceiling as high as possible all the way to 2024 because we don't want to deal with this and we want to take out as much as we possibly can.
But there's a problem.
The House controls the purse strings.
So the Biden administration is kind of trapped in all this.
And they're trying to do the old switcheroo and blame this on the Republicans.
But I think the American people, like I said before, the American people are starting to realize, listen, our debt is completely out of whack, especially with interest rates rising right now.
It's a double whammy because the tax receipts that are coming in won't be able to cover any of this.
And as the interest rates continually move up, it's going to get worse and worse for the people.
And the economy is going to get worse and worse for the people.
And when this thing starts to fall apart, who's to blame?
Is it those people that are saying, listen, we need to cut spending now?
We need to reel this whole thing in.
Even though we're raising the debt ceiling, we need to start slashing the spending of the government.
Let's talk about protecting our health.
By now, you likely know that a heart-healthy lifestyle is one of the most important steps you can take for living long and living well.
This is why I highly recommend this new amazing cardio supplement.
This pill is an impressive dual-action heart-health supplement formulated with two clinically-backed ingredients.
It's designed to support your heart-healthy lifestyle by providing powerful 4-in-1 support for your cardiovascular system.
Use the link in the description below or simply visit CardioX22.com to save 40% off this amazing new supplement, plus receive several bonuses with every purchase completely free.
Or are people gonna blame the people that say, listen, let's raise the debt ceiling to whatever, Who cares?
And we're not going to cut any spending whatsoever.
Who do you think the people are going to look at and say, hey, you know something?
I think you're responsible.
I think they're going to look at those individuals that have been lying to we, the people.
They've lied from the very, very beginning.
And the economy is not getting better.
It's getting worse.
See, the problem with the Biden administration is And Obama in the basement and the Treasury Secretary and the corrupt politicians is that you can't hide something like this from the people because the people experience a bad economy every single day.
When you see layoffs and you see your next door neighbor getting laid off, your cousin being laid off, when you see that, hey, the amount of money I'm bringing in with my check, it doesn't pay for the fuel anymore.
It doesn't pay for food anymore.
I have less and less every single day.
I can't pay for my electric.
We're gonna have to actually not use the air conditioning this month or actually maybe put it up to 80 degrees.
During the winter, we can't use as much gas.
So instead of having the house at 70, it might be at 55 or 60 degrees.
You see, people...
They can see this because it's real life.
And no matter what statistical numbers they throw out there, no matter what they say, the people feel, see, and experience real life.
And this is something they can't convince the people of.
And when the economy actually gets worse, and how is it getting worse?
Yes, with inflation.
Yes, with higher fuel costs.
But when it starts to get worse and you start to hear your brother, your father, your sister, your aunt, all getting laid off, saying, hey, I just lost my job.
I used to work for GM or Chrysler.
They laid me off.
Now I can't find another job.
I don't know how we're gonna make ends meet.
See, that's when people start to realize, okay, there's a problem with the economy right now.
And the economy is completely falling apart.
And everything that they've been telling us that, oh, the economy's strong.
We can see something completely different.
And Biden, he could tell everyone and Johnny Ellick could tell everyone, hey, inflation is under control.
The economy is great, but people see something completely different.
Now, I do believe Trump and the Patriots.
They knew exactly what was going to happen.
They knew that inflation was going to hit.
They knew that the fuel cost was going to move up because they were going to file their great reset plan, the Green New Deal plan, and they knew that they were going to cause all of these problems.
And yes, did Trump put many different traps along the way to make it worse for the Biden administration to see what he would do to show the people, look, I have these tax cuts.
They're going to expire.
Let's see what he does.
Does he just let him fall by the side?
Well, if they do and they expire and the economy gets worse, who's to blame?
Because it shows that Trump's tax cuts worked.
If he renews the tax cuts, well, what happens?
It shows that, hey, it made the economy better.
So no matter which way he turns, he's screwed.
And the people, I do believe at this point, realize what's really going on here.
Now, the other thing that's very interesting is that Fed Chair Jerome Powell, he held a call with a Russian prankster who was posing as Ukraine's Zelenskyy.
Now, Powell's out there saying, listen, I didn't divulge any type of, you know, national security information.
Don't worry about that.
But he did say something that was very interesting.
He said that the U.S. recession is likely.
He didn't say we're going into a mild recession.
He didn't say that, oh, maybe we'll go into a recession.
He's saying a recession, not mild recession, a recession is likely.
And he says this is what we have to do to get inflation down.
So basically what Trump and the Patriots have done, since they knew the playbook, once inflation hit, they knew the Fed would trap themselves in all this.
So to get inflation down, people have to lose their jobs.
To get inflation down, people bring home less and less every day.
To get inflation down, you need higher fuel costs.
To get inflation down, you can't purchase a house now because it throws you out of the market because the interest rates are moving up.
To get inflation down, you need to raise the rates, which then affects the debt of the country, which makes the country completely employed on itself.
To get inflation down, you need to do all these things and you need to have the people suffer.
Is that what the Fed is saying right now?
Because that's what people are hearing.
The people are hearing that, wait, everything that you're doing, you're causing the recession?
They just admitted it.
Yes, we're causing a recession.
Yes, you might lose your job.
Yes, you might lose all these things, but we have to do this to just fight inflation.
Well, Step back and take a look for a sec.
Have they really been fighting inflation or are they doing something else?
Because if you go back to the 1970s and you move forward, have they ever brought inflation down?
No.
Just look at how much gold was back then.
Just look at the price of eggs, of cars, of fuel, everything.
Just look at everything.
Is anything cheaper or has anything stayed the same?
Let's just do that.
No, it hasn't.
It's gone up dramatically.
So since 1970, have they ever controlled inflation when we came off the gold standard?
They have not.
You know what they did control?
They controlled how the inflation numbers are produced by manipulating the calculations, making you think.
Inflation is 2% or a little bit below 2%, but inflation has been getting worse and worse since we came off the gold standard, which means the value of the dollar has been decreasing, which means your purchasing power completely disappeared.
And now what he's really saying is that we can't control it right now, so we're just going to have to down everything.
Why would they want to down everything right now?
Why would they want to bring the economy to its knees?
Is that because this system can't operate anymore?
I mean, even if they get inflation, let's say, let's use the example that this is going to make inflation go down.
How is it going down with the amount of debt that we have, with the amount of currency in circulation?
How is inflation going to just drop?
I mean, think about it.
We came off the gold standard back in 71, and they printed like crazy.
To control it, they had to raise the rates up very, very high.
Because once you came off the gold standard, the value of that piece of paper dropped like a rock.
And to stabilize it, see, they didn't stop inflation.
They stabilized the currency from imploding.
That's really what they did, because once they said they got inflation under control, was it really under control?
Or they said, okay, we got it stabilized, now let's start manipulating how we calculate inflation.
And ever since that time, the value of the dollar has been declining since we came off the gold standard.
So they never controlled inflation.
They covered it up.
That's what they really did.
And now they can't cover it up.
It's too obvious.
Everything has been accelerated where people can see exactly what's going on.
It's not happening over 20 years, 15 years, or even 10 years.
It's happening over a very short period of time, which is what?
Two years?
That's what people are experiencing right now.
And they realize that you're going to destroy the economy.
You're going to bring us into a depression just to stop inflation.
Is this a system that we want?
Is this a system that works for we the people?
No, it does not.
So just with this fake phone call, the Fed is completely exposed.
Now, I do believe Trump and the Patriots We're good to go.
Inflation was at its lowest point in a very, very long time.
So why were they raising rates back then?
Think about it for a second.
Does it make any sense to anybody?
Of course not.
They were raising the rates to do what?
To bring the economic system to its knees, to blame it on Trump.
What are they doing now?
They're bringing the economic system to its knees.
Why?
To bring us into the Great Reset the Green New Deal.
That's the real reason.
So what he's saying is a lie, just like everything else.