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May 16, 2023 - X22 Report
18:07
Ep. 3070a - Debt Ceiling Approaches, [JB] Spends More On Climate Change, [CB] Panics
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Music. Music. Music. Music. Music. Music. Music. Music. Music. Music.
Music.
You're listening to the X22 Report.
My name is Dave in this episode 3070 a.m.
Today's date is May 16th, 2023.
And the title of the episode is Debt Ceiling Approaches.
Joe Biden Spends More on Climate Change.
Central Bank panics.
Let's talk about protecting our wealth.
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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, everything they're trying to do where they're trying to bring down the entire system and blame it on Trump and the Republicans, it is going to completely fail.
And why is that?
Because...
The veil has been lifted.
Everyone can see exactly what's going on.
You can see them push the Green New Deal.
You can see them pushing higher fuel costs.
You can see them pushing inflation.
You can see that they're destroying the entire system.
And as more and more people see this, they realize, hey, since we're approaching the debt ceiling, the Republicans, they have an offer.
Listen, what we got to do is cut some spending.
We can raise the debt ceiling.
Everything's going to be fine.
As the Democrats push back and as the central bank pushes back and says, you know, we don't like that deal.
We want a clean debt ceiling increase.
The people realize, hey, you don't want to do anything to help this economy.
Go back in time to the very, very beginning.
People have seen everything that has been happening because the veil has been lifted.
There is no cover story.
And they realize that they are to blame for all of this.
And there has been a recent poll, and the people are not agreeing with the central bank.
They're not agreeing with the Biden administration and Obama in the basement where, hey, we should just raise the debt ceiling.
The people of this country, they want to cut spending.
They want to control what is going on here because it's out of control.
Now, we're going to be talking about that a little bit later.
But first, we know that everything that they're trying to do, and I'm talking about the deep state, the world economic form, the central bank, Everything they're pushing right now, where they're trying to bring us into a socialist, communist type of situation where they're completely controlling everyone with the Great Reset, the Green New Deal.
Well, the people, as they watch all of this play out, they realize that all these policies are going to fail.
And most of these policies are failing right in front of their eyes.
And this is one way to wake a lot of people up and make them understand what is really going on right now.
When you look out in Toronto, there was an anti-capitalist pay-when-you-can cafe.
And everyone was like, oh, this is fantastic.
They're against capitalism.
They're all for, I guess, socialism, communism.
And this is going to be the perfect business model.
And everyone's going to see how great it is.
Well, they went out of business after a year or so.
Why?
Because they didn't have any income coming in.
I mean, think about it.
Pay when you can?
Do you think people are going to pay?
No, they're not.
So the whole thing completely imploded after 12 months of being in business.
And that tells everyone everything they need to know.
Just like with the Biden administration here in the United States.
We're approaching a debt ceiling.
We don't have enough to fund everything.
That's what Johnny Allen is saying, that we're not going to have enough and we're coming down to the wire here.
But the Biden administration, they're going to take $11 billion and they're going to tackle climate change.
Now, they're taking this money out of the Inflation Reduction Act.
So, why do we have to do that if we can't meet our debt obligations?
Shouldn't we prioritize everything?
Shouldn't we look at all the different programs that are out there saying, okay, you know something?
Maybe we don't have to do gender equality out in Pakistan.
Hey, maybe we don't have to look at the road system and say, are these racist roads?
Maybe we don't need to look at the roads and say, hey, are there too many bees on these roads?
Maybe we can cut all of these programs and And we don't need all this money then.
And I think people are starting to realize this and people are starting to understand what's going on.
But the Biden administration, they announced they're going to spend another $11 billion investment to combat climate change.
And this is just absolutely unbelievable at this point in time.
Just like the Biden administration where they completely drained the Strategic Petroleum Reserve.
Yes, I know there's still oil in there, but they removed and they used a lot of it.
And now they're trying to replenish it.
And of course, what are they doing?
They're replenishing it at a much higher price.
I mean, really think about this.
Going back in time, the Democrats blocked Trump from filling the strategic oil reserves at $24 per barrel.
Joe Biden wanted to fill the strategic reserves with $80 per barrel.
And I do believe he's going to be doing around $70 per barrel if they get around to it.
Now, they're saying they are going to refill the strategic petroleum reserves.
But once again, think about how much they've used already.
They've used a record-breaking 180 million barrels.
That was released to control the fuel prices from moving up.
And now they're going to replenish it with just 3 million right now at a much, much higher price.
Let's see what happens as we move forward because they might refill it, you know, with one shot deal with 3 million barrels and then all of a sudden something might come up.
We'll have to see how this all plays out, but this will be very, very interesting.
Now, the other thing that's very interesting is that as the economy falls apart, people are starting to realize that this is not a good time to purchase a home right now.
First of all, the interest rates have gone up quite a bit, which means it knocks a lot of people out of the housing market.
And a lot of the people are saying, you know, something we're just going to hold off right now because, first of all, homes are very, very expensive and the interest rates are very, very high, which means we're not going to get the home that we really want.
So we might as well wait.
Well, David Sachs put this out on Twitter.
He said the following, And when you look at the graph, it's been declining for quite a bit.
Now, Elon Musk responded to this and said the following, The massive jump in monthly payments for a 30-year mortgage due to high interest rates obviously greater reduces home affordability.
And he's absolutely right.
And this is what people are looking at right now.
They're realizing that the home affordability is not there.
What Biden and the administration and the Federal Reserve has done is that they pushed a lot of people out of the market.
This is why they're trying to push this idea that those people who have bad credit Can actually purchase a home while those people with good credit will actually fund the bad credit people.
And they're trying to push this idea that, yeah, we can bring all these people in, but in the end, since they have bad credit, since they don't have the funding, it will be a complete and utter disaster.
I mean, if you just go back We're good to go.
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That is x22gold.com.
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And remember, there's always a risk of investment and there's no guarantee of any kind.
With no problem, that whole entire Ponzi scheme completely fell apart.
And it was part of the entire system completely imploding.
And it looks like they want to try to do this once again.
Is this going to work?
I don't believe so.
I don't even think we're going to get to that point because I think the entire system is going to completely fall apart.
Now, we know the deep state, the central bank, the World Economic Forum, We know that they're bringing down the economy.
It's a controlled demolition of the economic system.
They want to bring us into the great reset, the Green New Deal.
And the problem that they're having is that Trump countered everything that they were trying to do.
He countered the pandemic.
He countered war.
And now they're out in the open.
The system's coming down.
And to bring the system down, they have to raise the interest rates.
They have to move forward with the Green New Deal.
But everyone can see this right now.
And this is a problem for them.
And I do believe this is why they made that move with the debt ceiling to try to bring down the entire system and blame it on the Republicans.
They thought they had the upper hand.
They thought the people would be with them saying, oh, no, we better just raise it.
Because if we don't, here's the scary part.
Everything will be shut down.
Your lives will be destroyed.
You won't be able to function.
You won't be able to do anything.
So we better do this or else.
Well, the people aren't really buying this.
The people don't believe them.
They remember, and they can go back in time.
They remember when the entire government was shut down.
And you know what happened during that period of time?
Absolutely nothing.
But again, they're using fear to convince the people.
Are the people buying what they're selling?
Absolutely not.
There was a poll that was conducted by Trafalgar Group, and it shows that the majority of American voters, 59.2%, oppose raising the debt ceiling with and without there being some restrictions on government spending.
So the people are saying, listen, we need to cut some stuff here.
This is absolutely ridiculous.
Why would we just raise the debt ceiling?
Because in six months, we're going to be exactly where we started from.
So we need to make changes right now to actually make it possible for the entire system to function.
And the only way to do that is to cut spending, to slow things down.
And this is what people are starting to realize.
And the people are not on board with the deep state.
They're not on board with the Central Bank of the World Economic Forum.
They're completely rejecting their entire agenda of just raising the debt ceiling.
And this is going to be a huge, huge problem for them because no matter which way they move, they are screwed.
And in the end, once the debt ceiling is raised and they fold on all of this, all the blame is then on them.
And they know this.
And what are they going to do to cover up the entire collapse?
You see, when inflation started to pick up and fuel prices started to move up, they couldn't blame it on a thing.
They tried.
They tried blaming it on many, many different things, but they completely failed and no one believed them.
That's what's going to happen this time around.
And when the system falls down, falls apart and implodes on itself, you think the number of 59.2% who are rejecting what they're trying to do with the debt ceiling is high?
Wait until you see the people come out and say, okay, now that we have 80%, they're looking at Biden, Yellen, and Powell, and they're looking at them saying, you caused this problem.
You caused the economy to crash.
And once that happens, which I do believe it's going to happen, the people are going to say enough is enough with these people.
They're not helping us.
They're destroying us.
And the people are going to look for the truth teller.
They're going to be looking for the solution maker.
And that is going to be Trump.
It's going to be the Republicans, the patriots in the House.
And they're going to put forth solutions.
And we could see that is already happening right now.
But as the event closes in and as the system completely implodes on itself, the people are going to wake up and the people are going to demand that we go in a completely different Now, I do believe the central bank knows that this is going to happen.
Because they're very worried about cryptocurrency.
Because you have to remember, people can easily switch to cryptocurrency very, very quickly.
And they can do this, and yes, the system could stay operational as the fiat currency implodes.
Can everyone move to gold and silver?
No.
Can governments do that?
Yes, they can.
So I do believe governments will back their currency with gold somehow, some way.
And here in the United States, we have the Constitution.
All we need to do is go back to the Constitution.
And that will be a confidence booster.
And other countries, they will be able to use Bitcoin or they will back their currency with Now, they can take Bitcoin and say, okay, this is going to be electronic currency.
It's going to be backed by gold, just like if you had paper.
And you can say, okay, we have some type of connection here to build confidence.
And we can continue to transact.
And this will be outside of the central bank.
It will be outside of the World Economic Forum.
And what's very interesting about all of this is out in the EU, the EU Council adopted rules requiring crypto assets, service providers to collect transaction data and for data to tax authorities, which means they realize there's a lot of people using crypto right now.
People are moving their assets into crypto and they realize they can't find any of it.
And now they want this information because when the entire system completely falls apart, people are going to be shifting their assets, their currency, into different places.
Either land, maybe stocks that have dividends.
I mean, the market's probably going to come down, but some people will move it into stocks.
Gold.
Silver?
Cryptocurrency?
People are going to try to protect themselves.
And I do believe that they're preparing for this because if they're trying to bring us into the central bank digital currency, they need a way to find out who has what.
They need a way to stop the people from doing this.
And I do believe this is going to be very, very difficult as time goes on.
This is why they've been trying to keep people away from cryptocurrency.
This is why they've been trying to keep people away from gold and silver.
Because what they've done here is they created a paper market with gold and silver, and they were able to manipulate the price, and they kept people away from gold and silver because they continually said over time that it's a barbarous relic.
You really don't need gold.
It's not really worth that much.
It's not real money.
And they continually tried to push this type of narrative, and over time, people stopped purchasing gold.
I mean, there are still people that purchase gold, but the majority of the people stopped purchasing gold.
They've been trying to do this with cryptocurrency, but they tried to create the narrative that this is used by criminals.
This is used by these people that want to launder money.
Well, actually, it's used by the deep state that wants to launder money, just like they use the fiat currency in their banking system to launder money.
But they tried to use the same type of excuse to try to keep people away from it.
And that's their main agenda, is to keep people away from other currencies and keep them Where they want them to be.
But I don't think this is going to work out because when everything starts to fall apart and everything implodes on itself, the people already realize who's responsible.
The people already realize that these people aren't helping the economy.
And if these same people say, let's go into the central bank to do the currency, It's not going to work.
Now, of course, they're going to use the crisis.
I'm talking about the Deep State Central Bank World Economic Forum.
They're going to use the crisis to try to bring us into the central bank digital currency.
But at that point, I do believe the percentage numbers of people that are awake right now and watching all this, it's going to be so high that Congress is not going to go along with this.
And the people are going to push back very, very hard.
So I do believe in the end what's going to happen is people are going to be shifting into something completely different.
I do believe Trump and the patriots, they're going to be coming out, letting everyone know we should head in a different direction.
We might need to go back to the Constitution.
Maybe we should look into the central bank.
Maybe we should audit the central bank and maybe we can find out what's really going on there.
And maybe we can then say, OK, you know what?
It's a criminal outfit, just like everything else that we're seeing.
And it's time to move away from that and shut it down and restructure it.
And I do believe that's the direction we are heading in.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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