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May 8, 2023 - X22 Report
24:59
Ep. 3064a - Regulations Of Banks Were Moved To The Fed, The [CB] Was Setup, Restructuring
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I'm out.
Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode 3064 and today's date is May 8th, 2023 and the title of the episode is Regulation of Banks Were Moved to the Fed.
The central bank was set up restructuring.
Let's talk about protecting our wealth.
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Hurry and go to x22gold.com to secure your wealth.
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And remember, there's always a risk of investment and there's no guarantee of any kind.
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, it seems that they might have been set up by Trump and the patriots.
Because if you go back in time, Trump, he actually went ahead and moved the regulation of banks back.
Back to the Federal Reserve.
Now the question is, why would he do this?
Did he know that the economic system was going to be falling apart?
Did he know that there were going to be bank failures?
Did he know that they were going to try to bring us into the Great Reset, the Green New Deal?
Did he know all of this?
And was this a complete and utter setup so people can look at the Federal Reserve, look how they're managing the banks, and say, you know something?
This needs to change.
We need a restructuring.
Well, it's starting to seem that way.
It's starting to seem that this is what people are looking at and as more and more banks completely collapse, The entire system is going to be transitioned into a people system.
The entire system needs to be restructured and it needs to be moved away from the private wants essential bank system.
And I think that's exactly where we're headed right now.
Because when you start to look at the banks and you start to look at all the deposits, the deposits aren't just leaving the small banks.
The deposits are leaving the big banks.
And I do believe people now are looking at the entire situation and they're saying, OK, I'm not making any money in these banks.
These banks, they're at risk and I need to protect myself someplace else.
And I do believe this is exactly what people have been doing.
And actually, it seems that we have proof of this.
Now, we're going to be talking about the Fed and all this a little bit later.
But look what's happening with the entire Green New Deal agenda.
Everything that they're pushing, everything that they're trying to do is completely falling apart.
And like I said from the very beginning, all you need to do is look at California because I do believe that is the model for here, the United States.
And all you need to do is look at Germany because that is the model for the European Union.
And when you look at these two areas, every time they push, every time they try to push their agenda, it completely falls apart and it gets worse and worse every single day.
Here in the States, I do believe as we're watching California and as they're continually pushing everything that they possibly have, you're going to see the state completely collapse under these policies.
And we're already starting to see this, and it's going to get a lot worse.
Out in California, the California Nine Member Reparations Task Force approved recommendations for how state officials should compensate and apologize to black residents for past injustices.
The task force has spent the last two years deliberating on payment recommendations that will now be sent for final approval in Sacramento before July 1st deadline.
Reparations are not only morally justifiable, but they have the potential to address longstanding racial disparities and inequalities.
And this is coming from the representative of California, Barbara Lee.
And right now they're getting prepared to pay people.
So the new reparations proposal at the California Assembly Task Force is $200 million to every black person.
Well, this seems reasonable.
I mean, think about all those people that are going to identify as a black person, because isn't that what they do in California?
Actually, isn't that what they're trying to push everywhere else?
So if everyone identifies as a black person, do they have to pay out reparations to every single person?
Oh, that's a big question.
But by doing this, what are they going to do?
This is not going to make the economy stronger.
Actually, it won't even close the wealth gap.
It's going to make things a lot worse.
What's going to happen is the state is going to go broke and the state is going to collapse.
Look, for example, what's happening with California right now.
California's recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic will fall on the shoulders of employers.
The state should have taken care of the loans with COVID money it received from the government in 2021, said Mark Jaffe.
In the state's proposed 2023-2024 budget, $750 million was allocated to start paying down the loans until Governor Gavin Newsom nixed the provision in early January, leaving businesses in the state responsible for the loans as mandated by the federal regulations, so that the federal unemployment tax rate of.6% will now increase by.3% per year starting in 2023 until the loan is extinguished.
So California, they're not an employer-friendly state.
Businesses are not going to stay there.
And if you're passing this to businesses, what do you think is going to happen?
The entire state is going to collapse.
Let them pass the reparations.
Let the people see exactly what happens when you do something like this.
Because, yes, these people are going to get money.
But what's going to happen to the state of California?
What's going to happen to the rest of the people?
The rest of the people are going to watch us play out and they're going to go, holy crap, the entire system just imploded on itself, especially when they go to electric vehicles, especially when they start removing all fossil fuels, especially when they make all trucks electric and they start to go to wind and solar power.
They're going to see their entire state implode on itself.
And we're seeing the economy just do that.
Because everything that the Biden administration is saying right now is pretty much a complete and utter lie.
Biden put out a tweet, and we know it's not really from him, but he said, this is what happens when you invest in America.
We have more work to do, but this is real progress.
Then he shows a ridiculous graph And it says jobs created by the president average per month.
And it shows Trump with negative job growth.
And it shows Biden with positive job growth.
And it's the highest since Reagan.
Really think about this for a second.
First of all, when did they choose to look at Trump's job growth?
Oh, during the pandemic.
And when did they look at Biden's job growth?
Oh, after the pandemic, because all the people just went back to their jobs.
And what's very interesting about this is that Twitter, they added some context to this.
And the context says, the record job creation under Biden is due to COVID-19 recovery, rather than any effort by the current president.
Jobs were being created at a steady rate between 2010 and 2020 under Obama and Trump, followed by a sharp drop due to COVID-19, which happened under Trump.
So everything that he put out here is a complete and utter lie.
And the people are saying, yeah, you know something?
We don't believe you.
You're lying to the people.
And this graph is one gigantic lie.
He just lied and his administration just lied to the people.
And the people see this.
The people understand it.
They know who's responsible for all of this.
People realize, wow, life is getting tougher and tougher as time goes on.
How do we know this?
Just look at the credit card debt.
We mentioned this just yesterday.
If you look at the credit card debt, and this is coming from the Spectator Index on Twitter, U.S. adults with more credit card debt than total savings.
2021, 21%.
2022, 27%.
2023, 36%.
It's just getting worse and worse as time goes on.
And the people are starting to realize, with the banking system, which is controlled by the private West Central Bank system, they realize that, hey, these banks are risky.
I'm not getting return on my money.
And I am not...
Keeping my money in the banks because something might happen.
And this is not just the small banks.
This is also the larger banks where people are removing their currency.
So the narrative has been that deposits are fleeing the small commercial banks and flooding into the biggest banks that are perceived as too big to fail and thus offer a safer venue for deposits.
Because these mega banks are the same ones that the Fed has been bailing out since the financial crisis of 2008, the narrative requires believing that our fellow Americans are dumber than a stump.
So, when you start to take a look at this narrative, what do you see?
Well, the entire scenario is completely wrong.
And it's very easy to get the accurate figures.
And from that, what do you see?
Well, you see that it's not just the smaller banks.
You see something else.
So each Friday at approximately 4.15 p.m., the Federal Reserve releases an H8 report showing the assets and liabilities of commercial banks in the United States.
Monthly deposit data is included going back one year, as well as deposit data for each of the last four weeks.
Data is also broken down by the 25 largest banks and approximate 4,000 small banks.
The three largest banks in the U.S., as measured by deposits, are JPMorgan Chase Bank of America and Wells Fargo.
Between April 27, 2022 and April 26, 2023, JPMorgan Chase lost $184 billion in deposits.
Bank of America lost $162 billion.
And Wells Fargo lost $118 billion for a combined loss in deposits of $464 billion, representing 72% of the decline in deposits at the 25 largest banks.
That's a crystal clear indication of just how dangerously concentrated banking has become in the U.S.
The deposit losses at JPMorgan Chase Bank of America and Wells Fargo are more than twice what the 4,000 small banks lost in total during the same period.
Their combined loss in deposits was just $210 billion.
Now, Bank of America and Wells Fargo not only lost those large deposit sums on a year-to-year basis, but both banks saw deposits fall during the past five quarters, including the quarter ending March 31st, 2023, when headlines were declaring that they were seeing big inflows of deposits when headlines were declaring that they were seeing big inflows of deposits as a result of the So once again, what is the deep statement?
What is the central bank?
What is the World Economic Forum trying to do?
They're trying to convince you that everyone is taking their currency, moving from the smaller banks and putting it into the bigger banks.
But that is not happening because when you look at the real data, That's not true.
Genevieve Rochdector put this out on Twitter and said the following.
Banks have successfully fooled depositors into accepting 0.4% interest on savings while the bank makes plus 5% on treasuries.
The biggest risk for banks is the consumer figuring out that they can move their money out of the banks and buy treasuries or money market funds themselves.
Unusual Whales said this on Twitter.
The Treasury and the Fed may have to come in and actually restrict your right as a citizen.
To pull money out of the U.S. banking sector due to capital flight from the U.S. banking system, Hugh Henry said on Bloomberg.
Elon Musk responded to this and he said the following.
They've created a massive gap between money market account, treasury bill interest rates at approximately 4.5% and a bank account interest rate at less than 1%.
That's a massive incentive to move money out of the bank accounts.
Absolutely.
And Zero Hedge put this out on Twitter, says the reason behind the banking crisis in one chart.
The Fed has never once tested banks for higher interest rates in 14 years of stress tests.
Why wouldn't they test it with higher interest rates?
Because their plan was to collapse the system.
If they tested it with higher interest rates, you would see bank collapse, bank collapse, bank collapse.
Their entire plan was to have a cover story, raise the interest rates, destroy the entire system, and no one would be the wiser.
We don't have any type of cover story right now.
There's no pandemic.
pandemic there's no war let's talk about protecting our wealth did you know bank of america is saying gold will go to 2200 this year an all-time high invest in a gold ira with noble gold investments today and take advantage of this rare opportunity to secure your retirement savings with the experts at noble gold investments you can ride the wave of gold's historic rise to financial security this month they're offering a solid silver five ounce america the beautiful coin with every qualifying precious metals ira or 401k rollover you can't go wrong with noble gold investments
Hurry and go to x22gold.com to secure your wealth.
Bag of free 5-ounce America, the beautiful coin, if you qualify.
That is x22gold.com.
That is x22gold.com.
And remember, there's always a risk of investment and there's no guarantee of any kind.
They're now bringing us into the Great Reset, the Green New Deal, because they thought they had a plan.
And now people can see as the rates move up, the banking system is completely imploding on itself.
And it's getting worse and worse as time goes on.
And you can see that people now are stepping back and they're looking at the economy and they're saying, okay, we had Trump in the White House.
He made inflation very low, even though he was playing in a private Western Central Bank illusionary economy.
Unemployment rate was very, very low.
Industry was coming back.
He placed tariffs on China and Europe.
He used the tariff money to give to the farmers.
He renegotiated trade deals.
The economy was chugging along and the country was energy independent and we didn't see energy inflation.
Actually, energy costs dropped and people put more money back into their pockets and they could use that money to spend out in the economy.
That's what people saw.
And I do believe he did this on purpose.
He wanted to show everyone, look, we had all these presidents before Trump.
They were bringing us into a Great Reset, Green New Deal type of an agenda.
They were trying to make this country a third world country.
Obama really ramped this up.
Hillary Clinton was supposed to finish it off.
Trump, he stepped in and said, let me show the people what you can actually really do with an economy.
Even though I'm playing within the Central Bank illusionary economy, I have parameters and I have a very short period of time to do this.
But let me just show in this short period of time what you can actually accomplish.
People saw it.
People felt it.
People experienced it.
Then I'm going to bring the resident in.
Let him destroy the economy and let the people see how they will make the country no longer energy independent.
Let them see how they'll destroy the entire economic system.
Let them see inflation.
Let them see high energy costs.
Let them see bank failures.
Let them see all this and let the people make the decision.
Did you like what you saw with me in the White House?
Or do you like what the Deep State and the Central Bank to World Economic Forum is doing right now?
Well, the people, they're seeing it all.
They're realizing what's going on.
And interactive polls, ABCWP poll, put this out and says, and this is the question, who do you think did a better job handling the economy?
Donald Trump when he was president or Joe Biden during his presidency so far?
Well, 54% say Donald Trump when he was president.
36% say Joe Biden during his presidency so far.
7% say neither.
And 3% have no opinion.
So the people, they see very, very clearly that Trump did a better job.
Wait until we hit the recession and layoffs really kick in and we move from a recession to a depression.
We're already in a recession, but wait until they make the announcement.
You're going to see these numbers completely change.
You're going to see Trump when he was president probably go up to 65, 70 percent, maybe even higher.
And Joe Biden's numbers are going to drop like a rock.
And the plan that Trump and the Patriots have put into motion is actually working.
I do believe Trump put everything into place to show the people to bring the system down and let the enemy do it.
Because remember, it's their system.
Let them control the demolition.
And then Trump will step in and pick up the pieces, give solutions, and actually show the people that we can rebuild this entire system very, very quickly without the Federal Reserve.
The deep state, the world economic forum, and I do believe the people are going to be on his side.
Now, of course, we have Janet Yellen.
She was the head of the Fed.
Now she's head of the Treasury.
She's out there fear-mongering like they normally do.
And remember, when the government shuts down, everyone really doesn't even realize it.
I mean, it shut down under Obama and everyone's like, did anything happen?
What, you put gates up around national parks and you force people not to go into national parks?
That's the closure?
That's what we're scared of?
Actually, he didn't even really need to do that.
He did that to make a point.
But look what Janet Yellen is saying right now.
This is ultra-popularized matter on True Social.
Janet Yellen says that the Treasury will run out of money by June 1st, and that if Congress doesn't raise the debt ceiling, we are headed for an economic collapse, and that a constitutional crisis looms in Congress, if Congress does nothing.
She says there is no good action to prevent catastrophe, and then goes on to say how our banking system is strong, and that we have no systematic problems.
Well, no, it's the opposite.
When the government shuts down, people are going to notice absolutely nothing, and the banking system is going to implode.
See, they don't want people to see that nothing's going to happen because when the system shuts down and people go, okay, you're telling us we're going to collapse.
It's been a month now and everything is okay.
What do you say?
How are we collapsing?
Where is this?
You mean we're going to have to close some public things that no one really uses anyhow?
Okay, let's close those things.
Oh, we're going to have to close additional things the next month?
Okay, but we haven't collapsed yet.
You see, this is how they scare people.
Mike Lee on Twitter put this out and said, Thank you to my colleagues who signed this letter.
Kevin McCarthy responded to this and said, So the House and the Senate, they're agreeing on this.
And Biden is sitting there.
He is trapped in all of this.
And I do believe Trump has been setting up traps and he's trapped the Fed in all this.
Because think about it.
Who regulates the banks right now?
It's the Fed.
Is it time to take away the regulations from the Fed?
Well...
I do believe so.
I do believe this is gonna lead into restructuring.
But when you start to look at this and you start to look at what has happened here, the Fed handled the regulations as Silicon Valley and Signature Bank completely collapsed.
They're still handing the regulations as the entire banking system implodes on itself.
So if we go back in time, Congress actually gave the Fed regulatory authority over subprime mortgages in 1994.
Greenspan didn't believe in this type of regulation, so the Fed did nothing.
Subprime mortgage managed to blow up the entire global financial system, including the megabanks.
And when the dust settled, Congress doubled down on the Fed, giving it even greater authority under the Dodd-Frank Act.
When Trump rolled back parts of Dodd-Frank with bipartisan support, the Fed once again gained authority, this time in the form of discretion on when to apply tougher rules and when to use a lighter touch.
First, Republic and Silicon Valley banks were two banks the Fed had discretion over.
And we see what happened.
The Fed's SVB report said it failed to take forceful enough action.
So right now, the regulations were brought back to the Fed.
The Fed had the ability to control all of this and they didn't.
So did Trump, by rolling this back and giving the authority back to the Fed, did Trump just set up the Fed to take the fall with everything that we're seeing today?
Because as this gets worse and worse and the Fed tries to take action and nothing works and the entire thing starts to implode, Will this give Congress ammunition to say, okay, the Fed is in control of the banks,
the Fed is in control of the interest rates, the Fed is in control of the creation of currency, the Fed is in control of all this, and the entire system is completely imploding on itself, and the Fed is doing absolutely nothing, because they're the ones who are supposed to be monitoring all of this.
And whatever they're doing is not working.
So is this going to give Congress ammunition to say maybe we need to restructure the Fed somehow, someway?
Because we're in a crisis.
We're in a depression.
People are losing their jobs.
Corporations are failing.
The entire system's imploding.
Inflation's out of control.
Energy costs are out of control.
We need to do something.
Do we need to look into the Fed?
And it's starting to seem that way.
It's starting to seem that the Fed has been set up and there's going to be restructuring coming down the pike.
And I do believe Trump has set up a lot of traps.
He's trapped the central bank system.
He's trapped Biden and the people are seeing it.
Just from the poll that we just read, the people trust Trump a lot more than Biden.
They saw what he was able to do.
Even while he was playing in a central bank illusionary economy, and he had a short period of time to do this, he was able to make the economy look and feel incredible.
The people felt it.
The people had more money in their pocket.
The people had more to spend.
The people were able to pay their bills.
Energy was very, very low.
Everyone saw this.
Now they see the opposite.
Plus, they see the Fed destroying the economic system.
So when we enter the stage of the entire system completely collapsing, I think the people at this point realize who is going to be responsible for all of this, because there's only two entities that have been controlling it all.
The Biden administration, doesn't matter what he says, doesn't matter what they put out on Twitter, because people see the opposite happening, and the Federal Reserve.
This is all they see.
Everything else is noise.
And I think in the end, Trump and the Patriots are going to have enough ammunition to actually show the people that, hey, you can either go with them or we can actually move away from their system that they have right now that's imploding and we can go back to the Constitution.
We can go back to what the Founding Fathers said.
And I do believe at this point that people are prepared and ready to move away from the private West Central Bank.
And once the United States does this, The rest of the world is going to follow.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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