All Episodes
Previous Next
May 11, 2023 - X22 Report
19:48
Ep. 3067a - The Patriots Trapped The [CB]/Biden Admin, Watch What Happens Next
| Copy link to current segment

Time Text
Music. Music. Music. Music. Music. Music. Music. Music. Music. Music.
You're listening to the X-22 Report.
My name is Dave in this episode 3067.
And today's date is May 11th, 2023.
And the thought of the episode is The Patriots Trap the Central Bank.
Biden admin.
Watch what happens next.
Let's talk about protecting our wealth.
Did you know Bank of America is saying gold will go to $2,200 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 5-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 a 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.
Let's get right into the economic collapse financial news.
Now, the deep state, the corrupt politicians, the private Western Central Bank, the World Economic Forum, they are now completely trapped in their own agenda.
And no matter which move they make, it's going to be the wrong move.
It looks like the Patriots trapped them in all of this.
And Trump is already out there letting everyone know that, hey, you know what?
I know Biden continually says he's not going to negotiate.
He's not going to negotiate.
He's not going to move on it.
But Trump is predicting that the D's will fold and they will negotiate.
And they will cut spending, which means all eyes are going to be on the D's when the entire economic system completely falls apart.
Yes, they want to blame this on the Republicans.
Yes, they're trying to shift everything.
But as we can see, their plan is not going to work.
And yesterday we had the town hall with CNN out in New Hampshire.
Trump completely destroyed them.
And everything that they tried to do and everything that they tried to push completely failed.
The people now see right through their propaganda.
They see right through their lies.
Even with Joe Biden, he's out there continually telling everyone that he created all these jobs, but we know from a fact check That no, these jobs were created because all the jobs just came back after COVID. The same thing with the deficit.
He's out there claiming that he cut the deficit by $1.7 trillion.
Well, that is completely false.
Any reduction in the deficit is largely attributable to the reopening of the economy post-coronavirus pandemic and the expiration of coronavirus pandemic stimulus spending.
And how do we know this?
Well, from a 2022 CBO report found that the large decline in the federal deficit mainly came from government revenues increased in all categories, especially from individual income taxes.
The CBO also detailed how conservative era expenditures, including coronavirus age, stimulus checks and small business loans, decline.
Although the deficit has dropped since the beginning of the administration, the Congressional Budget Office and other budget experts have found that the drop was not attributed to Biden cutting spending, but rather America experiencing the end of the pandemic.
Just like with the jobs coming right back when you turn the light switch off and everyone can't go to work.
Well, the unemployment is going to rise because everyone's claiming unemployment because they don't have work.
And then when you turn the light switch back on, everyone goes, oh, there's the job.
So they leave the unemployment line and they go back to their job.
It doesn't mean the jobs were created.
Same thing with the deficit.
They love using all these different lines and propaganda to convince you that they're doing something when they're really not.
Just like they're trying to convince everyone that they have inflation under control.
But remember, what do they take out of the calculations?
They take out fuel.
They take out food.
Wolf Richter on wolfstreet.com explains.
The Fed has now raised its policy rates by 500 basis points in a little over a year, with the top of the range now at 5.25% and with the effective federal funds rate at 5.08%.
But core CPI, which excludes the volatile food and energy components, has gotten stuck around 5.5 to 5.7 for the fifth month in a row.
There wasn't any progress at all with the core CPI in five months.
Inflation intensity is simply shifting from one category to another as inflation temporarily subsides in one category, it resurges in another.
So the core CPI got stuck at 5.5 to 5.7 and it isn't making any efforts to be heading towards 2% or whatever.
And instead, everyone has gotten used to this inflation and accepts it and deals with it and builds it into economic decisions, which is nurturing this inflation right along.
Over those decades from 2008 back to 1965, there were only a few relatively brief periods when the Fed's interest rates were below the rate of inflation as measured by core CPI.
But since late 2008, we've had the opposite.
And when you look at what's going on right now, actually what the Fed is doing, they are fueling inflation rather than stopping the inflation.
And this is going to be a complete and utter disaster as time goes on.
And those people that go shopping, those people that have to buy food, those people that fill up their car, they see the difference.
They see what's going on, especially when you go buy a used car.
Used cars are, they're just like off the charts right now.
It's absolutely unbelievable.
And when a YouGov poll asked the people, what do you think of the economy?
What do you think of inflation?
You think everything's fine now?
And you know what the people are saying?
No, not really.
And there's a lot of them.
59% of Americans report that inflation has impacted them a lot.
Well, another 36% have felt its impacts a little.
Only 5% of respondents say they have not been affected at all.
48% expect inflation to be even worse six months from now.
28% predict it will remain the same.
So the people are looking at this and saying, yeah, you know, something, I can go out shopping.
I go fill up my car.
I realize inflation.
I see it.
I experience it.
I know it.
So no matter what you tell me, inflation, they can tell everyone right now that inflation is down to 1.5%.
You think the people are going to go, oh, thank God, it's 1.5% of the people that go shopping, people are going to fill up their car, people are going to go buy the products that they need and they go, okay, I don't know how this is at 1.5% because right now I'm paying a lot more.
The money that's coming in isn't covering my expenses.
So you could tell me it's zero right now.
It will make no difference whatsoever.
And that's what people are experiencing right now.
But you can see the people, they're waking up.
They're starting to realize that the Biden administration, the central bank, the treasury, they're all lying to we the people.
And now we're at that point where the Biden administration, the Fed, the Treasury Department, they're all trying to convince us that the world is going to come to an end if the debt ceiling isn't raised.
Now, once again, the Republicans said, listen, if we're going to raise the debt ceiling, we're going to have to cut spending.
Biden said, absolutely not.
I don't want to negotiate.
I'm not going to budge.
I want a clean debt ceiling bill, and we're just going to raise it.
Then, all of a sudden, Biden...
Had negotiations with McCarthy.
Nothing really turned out.
But as time goes on, I do believe they're waiting because it's only May.
They said it's going to run out in June.
And I think they're just stalling to figure out what they can possibly do.
But let's just talk about the debt ceiling for a sec here.
The Wall Street Journal reported that its poll raising the debt limit indicated that 45% of respondents said they didn't favor Congress lifting the debt ceiling, while some 44% favor raising it.
So what is the debt limit?
It is a statutory constraint limiting the amount of money the Treasury may borrow to fund federal operations.
Federal debt increases when total expenditures exceed total.
So when you look at the last 22 years, We're good to go.
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 a 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.
Our population has grown about 1% a year.
Our wages about 0.5% per year.
But our government spending has increased on average of 25% a year.
How can that be?
Why aren't we broke?
It's just a matter of time.
And it is just a matter of time.
And this is why the central bankers, the World Economic Forum, this is why they've announced the Great Reset in March of 2020.
But the people are awake now.
The people realize what's going on.
And you can see that Janet Yellen, who used to be the head of the Fed, she's still pushing the idea that we need to find another way if the debt ceiling isn't raised.
Maybe we need to use the 14th Amendment.
Maybe we need to find a different system because they're very worried that the people are going to figure out what's really going on.
And what's very interesting is that during the town hall meeting, CNN was asking Trump quite a number of questions, but one of the questions was about the debt ceiling.
They asked him, what do you think about the current U.S. debt situation?
Take a listen to what he said.
The country is being destroyed by stupid people, by very stupid people.
You once said that using the debt ceiling as a negotiating wedge just could not happen.
You said that when you were in the Oval Office.
That's why I was president.
So why is it different now that you're out of office?
Because now I'm not president.
And Trump, he is a master of basically playing with these people.
They tried to trap him many, many times during this town hall meeting, but it never worked.
He's too smart for them.
And he runs circles around them.
And what's very interesting about all of this, Trump, he is predicting that the Democrats will cave on the debt ceiling.
In the end, he says they will cave.
He said, but when we have a debt limit, And they used that very seriously with me.
They came in, Schumer came in with Nancy Pelosi and they said, well, we'll use it, we'll violate it, we'll do whatever.
They talked a whole lot different than they do right now.
He said that the country would likely avoid default because the Democrats will give in to the House Republicans and they will actually cut spending, which means that people who are pushing the spending cuts, the Republicans that are pushing the spending cuts, they will then have the spending cuts.
The debt ceiling will be raised and then everything falls on the Biden administration.
It falls on the central bank.
Remember, the deep state, the central bank, they were trying to hold out as long as possible.
And if you notice, they're still holding out because they're trying to figure out a way where they can get around this and they can bring the entire system down around the Republicans to blame Republicans.
And, of course, Trump.
And they're going to wait most likely to the last minute before they give in and they say, OK, we're going to raise it.
We'll agree to certain cuts and then the debt ceiling will be raised.
And once again, you have to remember, they don't want people to realize and understand that if the debt ceiling isn't raised, That nothing really happens.
See, this just affects the government spending.
The government spending is completely out of whack.
And if you start cutting certain things, the population is really not going to notice that much because a lot of the money that is coming through this government is laundered elsewhere.
That's what they're really concerned about.
They want the money continually flowing.
If the money stops, a lot of the programs, well, they can support themselves on what's coming in right now.
It's the money laundering part of the operation that they won't have.
And if they decide, okay, you know something?
We're not going to raise the debt ceiling.
People are going to realize that, hey, look, nothing happened.
The country didn't implode.
Everything's not falling apart.
Now, once again, we know that the Biden administration, they're going to try to bring down the market during this period of time.
But when you look at the poll numbers, the people aren't agreeing with them.
The people aren't on their side.
This would be suicide if they attempted this.
And this is why they're holding out for the last moment.
They're going to try to use different methods or try to see how these things would work if they decide to go in a certain direction.
I don't believe any of it's going to work.
I don't think the people are going to be on board with any of this.
And in the end, they're going to have to fold, which means everything falls back on top of them.
And now they're trapped in their own economic agenda.
And their economic agenda is to bring us into the Great Reset, the Green New Deal, which means they're going to have a controlled demolition of the economy, which means they're destroying the system.
Everyone knows they're destroying the system.
And everyone is going to blame who?
The Biden administration, Obama in the basement, the Fed, the Treasury.
The poll is already pointing towards that.
They are screwed.
Now, Trump, during the town hall meeting, he was giving solutions.
How can we bring the country back?
How can we stop the rising costs?
Well, he answered that question.
Take a listen.
For coming to New Hampshire to answer our questions.
My question is the economy.
Over the past two years, we have seen the prices for everything skyrocket.
From food to gas to utilities and insurance costs, many people's bills are up several hundred dollars a month, including mine.
If elected president again, what is the first thing you would do to help bring down the cost to make things more affordable?
Drill, baby, drill.
We were energy independent.
We were soon going to be energy dominant.
And nobody had ever done what I did.
We got oil down to $1.87.
Actually, it fell lower than that in some cases.
We had to save the oil companies the price was getting.
We were doing incredibly.
We had the greatest economy in the history of our country, probably the greatest economy in the history of the world.
We're energy independent, soon to be energy dominant.
We were going to be bigger than Russia and Saudi Arabia put together times two.
We have more liquid gold under our feet than any other nation.
Any other nation.
And these stupid fools ended it.
And energy went from $1.87 and even lower for gasoline for a car.
They went from $1.87 to $5.6, $7.8 and even $9.
And your electricity bills went through the roof.
Your heating bills went through the roof.
And that's what started inflation.
And it hasn't stopped because people are paying now for bacon and for eggs and for two and three times what it was just a little while ago.
We created the greatest economy in history.
A big part of that economy was I got you the biggest tax cuts in the history of our country.
Bigger than the Reagan cuts.
Bigger than anything.
And also, Caitlin, also, as you know, we got the biggest regulation and regulatory cuts.
This place was rocking.
And then we were given a gift from China, and China paid a big price.
And let me tell you something, I took in...
And the answer is very simple.
Biden decided to take what Trump did during his time in the White House where Trump made the country energy independent.
Biden decided, oh, we're going to remove that.
So energy costs started to move up quite a bit.
Trump, he's going to say, okay, let's bring the country back to where it was, energy independent.
And then you're going to see inflation go down.
You're going to see fuel prices go down.
You're going to see the country recover like no other.
But before we get there...
I do believe we're gonna hit this crisis.
And during this crisis, people are going to remember what Trump said.
He's giving you solutions on how he can make this better.
When we hit the crisis and inflation's off the charts, fuel prices are off the charts.
People are laid off all over the place.
Because remember, he told us we're gonna be entering something that's worse than a recession.
The R word is the nice word.
And he's going to say, listen, I told you, I have all these solutions.
We can make the country incredible.
And I think he's going to add on top of that, removing the central bank.
And I do believe he can use this crisis against the Federal Reserve.
Now, since the people know we're in a crisis, they know who to hold accountable.
We can go after the Fed.
We can audit the Fed.
We can actually then restructure the entire system.
And I do believe that's exactly where we're headed right now.
He's bringing the deep state, the central bank, the World Economic Forum down this path.
And he's going to use it against them.
And everything the deep state, the central bank, the World Economic Forum is trying to do, where they're trying to shift the blame, because remember, they want to bring it down.
They want to attempt to bring us into the Great Reset, the Green New Deal, but they don't want everyone to see them doing it.
That's why they like a cover story.
That's why they wanted the pandemic.
That's why they announced it during the pandemic.
That's why they would do it during a war, because there's death and destruction.
No one would be paying attention.
They don't have any of that, and they're trapped in their own agenda.
And what we're going to see happen next, we're going to see the D's fold, we're going to see the economy come down around them, and Trump is going to step in and actually reverse all of this.
And I do believe it's going to be reversed very, very quickly, especially getting rid of the private Western Central Bank and making the country energy independent.
And I do believe Trump, he already has plans.
He's all ready to go.
And he's letting the people know that, yes, this is the direction we are heading in.
And I do believe in the end, we're going to have to back the currency with some type of metal, which means we need to go back to the Constitution.
And this will build confidence, not just here in the United States, but confidence around the world.
And I do believe the people, they're going to watch all this play out, and the people are going to demand this in the end.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
▲
Export Selection