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May 17, 2023 - X22 Report
19:00
Ep. 3071a - Biden Admin Panic, [CB]/[WEF] Begin The Control Of Other Currencies, This Will Fail
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You're listening to the X22 Report.
My name is Dave and this is episode 3071A and today's date is May 17th, 2023 and the title of the episode is Biden Admin Panic Central Bank World Economic Forum Begin the Control of Other Currencies This Will Fail We're good to
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Let's get right into the economic collapse financial news.
Now the deep state, the corrupt politicians, private What's the Central Bank, the World Economic Forum, they're in trouble.
Their entire plan to bring the entire system down with the cover story that the Republicans crashed it because they didn't give them a clean debt ceiling bill.
This whole thing is now falling apart.
They have to negotiate.
The country is not with them.
And now all eyes are going to be on the Fed, on the Biden administration, and Janet Yellen, head of the Treasury.
Everything that they're doing right now always falls back on them.
They try, but they never win.
And every move they make and everything that they're doing, it's not going to work.
because the people now see who's causing all of these problems.
They see that, hey, look, Biden's out there and the fuel prices are getting worse.
Biden's out there and inflation's getting worse.
Everyone can see it when they go shopping.
Everyone can see that, hey, look, he's pushing us into the Green New Deal.
He wants to get rid of fossil fuels.
He's helping China.
He's allowing China to have all the minerals, allowing China to produce the solar panels, allowing China to produce the windmills, allowing China to do everything.
And the people now are starting to see this, they're starting to realize this, and they understand what's really going on.
And as time goes on, this is just going to get worse and worse.
The people right now, they're not buying the Green New Deal.
That's dead in the water.
They know the climate change is one gigantic hoax.
When you look at the polls, you can see this very, very clearly.
And look what Biden just did with the US solar panels.
He decided to veto the bipartisan bill protecting US solar panels makers from Chinese competition.
I think that tells you everything you need to know.
And with the Fed continually raising rates, people are realizing, hey, they're not controlling inflation.
Yes, the statistical inflation is going down, but the actual reality of inflation is Well, that's not going down.
That's continually moving up and up and up and up and people can see this.
Actually, when people go out and purchase a used car today because of the Green New Deal, all the used cars, they have skyrocketed in price.
It's absolutely unbelievable.
And yes, eventually what the Fed is going to do, and you can see they're already doing it, they're going to start to lower the rates.
Why would they start lowering the rates?
Because they're trying to keep all eyes off of them saying, listen, we fixed the problem.
Inflation's coming down statistically.
We're going to start lowering the rates and everything will be great, but we'll head into a gigantic recession.
They've done this in the past.
It's the same strategy that they've always been using.
And what's very interesting is WallStreetSilver put this out on Twitter and He's responding to Zero Hedge, and this is what Zero Hedge says.
For those asking how is it possible that the Treasury burned through $52 billion in one day, here's your answer, and gave a whole list of what they spent the money on.
And it's absolutely unbelievable.
Wall Street Silver responded to this and said, $50 billion for interest payments on the debt.
Year-to-date, 25% higher than last year.
This trend will eventually force the Fed back into buying U.S. Treasury debt and driving rates back to below 1%.
And yes, eventually that is going to happen.
But by the time we get to that point...
The entire economic system is going to completely implode, and it's going to be a complete and utter disaster.
And the people are going to know who to hold accountable.
They're going to know, oh, it was the Biden administration.
It was the Treasury Secretary.
It was the Fed head.
We know that you, all three of you, you're the ones who caused this, with the help of the main central bank in the World Economic Forum and all those other people hiding behind the curtains.
Now, the other thing that's very interesting...
Is that we can see that Biden, he went from, I am not negotiating the debt ceiling whatsoever, to where he said, okay, I will negotiate the debt ceiling.
Now, all of a sudden, they're changing scope of who is negotiating over the debt ceiling.
So Biden met with congressional leaders for another conversation on the debt ceiling.
In the meeting, Biden and the leaders changed the scope of who is negotiating.
Kevin McCarthy says the following...
What has changed in this meeting is the president changed the scope of who's all negotiating.
Appoint somebody from the president's team who could work with the speaker's team to see if we could come to an agreement.
That is what the decision was made in this meeting.
So the structure of how we negotiate has improved.
So now it gives you a better opportunity, even though we only have a few days to get it done.
Had we done this back 97 days ago, we'd already have a bill passed.
And you can see we're coming down to the wire, and they did this on purpose because they tried to make the Republicans fold.
It didn't work.
And Trump was out there letting everyone know, nope, get everything you possibly can.
Don't fold.
And he predicted that the Biden administration would give in in the end.
And it's starting to look like that this is happening now.
They might negotiate some terms here and there, but I do believe there's going to be a lot of spending cuts.
McCarthy added, it is possible to get the deal...
By the end of the week, it's not that difficult to get an agreement.
And I agree with him.
And once again, once this is done, their entire plan goes down the tubes.
And now all eyes are going to be on the Biden administration, the Treasury, and the Fed.
And as they continually push their agenda the entire economic system is going to completely fall apart and everyone's going to realize who's responsible for all of this.
And this is very important moving forward because as the system falls apart the people are going to get very angry.
The people are going to demand something be done And they're not going to have the answers.
And when I say they, I'm talking about Biden, the Treasury Secretary, and the Fed.
Remember, the Treasury Secretary, Janet Yellen, she was the head of the Fed.
Now she's in the Treasury.
So is she going to come up with this incredible solution to benefit the people?
Of course not.
Actually, I do believe Trump and the Patriots, they're counting on this.
Because once they bring us into this crisis like we've never seen before, when the entire system completely implodes, people are going to be very, very angry.
Not at Trump.
Not at the Republicans.
They're going to be very, very angry at the Biden administration and Yellen and Powell.
Which means the people will not be with them, which means they're not going to say, hey, yeah, let's take on the central bank digital currency.
Why would they go with that if they cause the problem?
And the other thing that's very interesting is that even if they don't come to an agreement, nothing is going to happen in this country.
We've seen it before.
The country just doesn't implode when the debt ceiling is hit.
That is just put into place to say, hey, Congress.
You need to do something here because we're spending too much money.
We hit the ceiling, just like you hit your credit card limit, and it's time to cut spending because we reached the limit.
We need to do something so we don't go over the limit.
But Zero Hedge says something very interesting on Twitter.
He said the following, As a reminder, the U.S. cannot default.
Tax receipts are more than enough to cover debt maturities and interest.
Those 25 million government deep state workers and Ukraine wire transfers may not be so lucky, though.
Absolutely.
And remember, the reason why they're panicking over the debt ceiling is because of all their money laundering and who they're paying off and everything that they're funding.
To keep the country operational, We can do that with absolutely no problem.
And actually, if we start to cut all those other programs, the country will be better off.
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And we see so much corruption.
It always goes back to the same thing.
It's called the central bank.
The central bank, they manipulated everything, took us off the gold standard, then started to create currency like crazy, which is an open-ended credit card.
And as you continue to do this, what happens?
The corrupt make the government very, very large, and you have all these different agencies.
And for this entire gigantic government to function, you need more and more money because they keep creating more and more.
And then when you start giving funds to all different causes around the world that actually launder your money and it goes to other places, you need more of it.
And that's what we've been witnessing.
That's what we've been experiencing this entire time.
But you can see the central banks, the governments, they're getting very, very panicky because they realize that people aren't going to fall for the central bank digital currency.
if there is Bitcoin, if there is gold or anything else.
Actually, Bitcoin, because it's electronic, it can compete against the central bank digital currency.
measures to stop it to track everything and now we have the uk treasury committee it calls for consumers trading in unbacked crypto such as bitcoin to be regulated as gambling as they have no intrinsic value and serve no useful social purpose while being used by criminals and scams fraud and money laundering they're pushing everything they possibly have to try to force people away from bitcoin just like they did with gold that's That's why they created the paper markets.
They wanted to show you, look, as we keep printing, as fiat keeps declining in value, gold doesn't move up.
They needed to control gold to convince you that the fiat currency is still worth something.
And it's very interesting that they say Bitcoin has no intrinsic value.
What intrinsic value does the paper dollar have or any of the other currencies around the world when they're just continually printing?
There is no intrinsic value.
The only thing that they have is by saying, oh, it's backed by the full-faith credit of the U.S. government or another government.
But if the government collapses, what happens?
The entire system falls apart.
The currency falls apart.
It's not backed by gold anymore.
This currency where they push a button, where there's no work involved, no energy involved, nothing to produce it.
I mean, think about it.
When you get gold, there's mining.
There's energy costs.
You have to really look for it.
You have to dig it up.
Same thing with silver.
Same thing with Bitcoin.
There's a lot of mining that goes on.
Energy that is going to be used to get that currency.
And there is a limit.
When you look at the fiat currency, what do they do?
Oh, what do you need?
A billion dollars?
Hey, no problem.
Click.
Billion dollars.
There's no work.
There's no energy.
There's no limit.
There's nothing.
So when you look at both of these currencies, which one really has intrinsic value and which one doesn't?
I think everyone's starting to realize that it's the fiat currency.
And you're going to see how the fiat currency is worth absolutely nothing as soon as the crisis hits and as soon as countries start to back their system with gold.
That is going to show everyone something completely different.
It's going to show the people of this world, wow, the currency is worth absolutely nothing.
Because once you move away from the fiat currency, once you back it with gold and there's checks and balances...
You're going to see something very, very different.
And this is why the central bankers are panicking.
They don't want people moving their currency into another currency like Bitcoin.
They don't want governments to back their entire system with gold.
Because once all this happens, their system falls apart.
And this is what they're panicking about.
But I do believe in the end, just like in the beginning back in 1971, when we came off the gold standard, It's time that we return to the Constitution, return to the gold standard, to have checks and balances.
Because remember, the Private West's Central Bank They're the ones who created this corruption.
They're the ones who created this illusionary economy where they create currency, and as they continually create currency, it loses value, which means you have more poor people.
You have more people making less money.
A lot of people are finding it very hard to make ends meet, and as time goes on, it The whole entire system continually deteriorates.
And as time goes on, people say, how come I can't make it?
How come I don't have enough money to pay my bills?
How come I'm struggling right now?
And a lot of people are waking up to this and a lot of people are starting to realize that this system doesn't work.
Yes, in the very beginning, people were fooled by the inflation.
They thought, holy crap, look at this.
I was making $5,000 a year at my job.
All of a sudden now I'm making double.
I'm making $10,000 or $15,000.
The house that I bought back then, it was $20,000.
Now it's $50,000.
This is incredible.
But it's an illusion, just like a druggie has the illusion that drugs are helping the person, making them feel better.
And as you keep taking the drug, as you keep taking the fiat currency, you know what happens over time?
It gets worse and worse, especially for those people, and especially that were in this fiat currency, the central bank illusionary economy.
Those young people that are coming into the system at the end of the system, the system doesn't work for them.
Those people that came in from in the beginning of the system, yes, they were able to weather the storm.
They were able to jump on the bandwagon and ride the wave.
But now the new generation, if you go back a little bit up until today, probably if you go back to 2000 moving forward, each generation is having a tougher and tougher time making ends meet.
And this is why we see people struggling.
This is why students coming out of school or if you went to college, this is why everything is so expensive.
They can't get ahead.
A lot of people can't even find jobs.
And I do believe that as people witnesses, as the economy breaks down, people are going to say, okay, we need to change this.
This does not work, especially when we're in a recession or depression.
Like Trump says, it's going to be a lot worse than a recession.
That's the nice word.
And I do believe a lot of people are going to wake up to this.
The crisis is going to be used against the Treasury, against the Biden administration, and against the Fed.
And they will not be able to convince the people Yes, there's other countries out there that are already trying to push the central bank digital currency, just like they pushed the vaccine passports.
It always starts out in Europe and other countries because they don't have the same constitution as us.
So once it reaches here and they try to push it as hard as they possibly can, it's going to fail.
And once it fails here in the United States, it fails worldwide.
Just look what happened with COVID with the vaccine passports and the vaccine mandates.
Everything completely failed as soon as the Constitution kicked in.
People sued and people pushed back.
The same thing is going to happen with the monetary system.
And I do believe this is when Trump and the Patriots are going to come in with a new monetary system.
I do believe we're probably going to end up going back to the Constitution and back to gold, which means the entire system that the central bank created and all these deep state players, it will have to be restructured.
The Fed will not exist the way we know it today.
Actually, the Fed will probably restructured and actually will be assimilated into the Treasury because When our founding fathers found this country, they didn't say, hey, you know what?
Let's set up a Federal Reserve.
Let's set up a central bank.
No, they had the Treasury.
They had gold.
They were using tariffs from other countries to fund the government.
The government was small.
It was tiny.
It was always the central bankers that tried to shift everything, to destroy things, to make it, to push their event, to say, hey, you know what?
If you want us to balance the economy, you got to go with the central bank.
They tried three times.
We're on our third central bank right now.
It's almost like an agent provocateur going into a crowd, trying to get the crowd to do certain things.
Well, that's what the central bank did.
They used events over and over and over to convince Congress, listen, you can't manage this.
You need us.
We will control it for you.
They're the ones who cause these problems.
They're still causing these problems.
But I do believe in the end, everyone's going to see this, and they're going to be shut down.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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