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May 18, 2023 - X22 Report
20:46
Ep. 3072a - Inflation Is Hiding The Recession, States Moving To Gold Standard
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Hi and welcome, y'all.
You're listening to the X22 Report.
My name is Dave, and this is episode 3072A. And today's date is May 18th, 2023.
And the title of the episode is, Inflation is Hiding the Recession, States Moving to Gold Standard.
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Let's get right into the economic collapse financial news.
Now, the deep state, the corrupt politicians, the World Economic Forum, the central bank, they are now losing the battle.
Everything that they're pushing, the people are now pushing back.
And what happens when the people push back?
It doesn't mean they're going to be protesting or rioting or anything like that.
When people see what the central bank, what the World Economic Forum is doing, what do they do?
Well, they put together countermeasures.
And these countermeasures stop The World Economic Forum and the Central Bank.
We have the farmers out in the Netherlands.
They are pushing back, saying we're not going to abide by what you want.
We have other states here in the United States that are now implementing other currencies just in case something happens.
There are certain states that are implementing Bitcoin as legal tender.
We have other states that are saying, okay, yes, we'll have Bitcoin and gold as legal tender.
And states right now, they are countering the central bank digital currency and they're countering everything the central bank, the World Economic Forum, is doing.
And this will continue because, remember, the deep state, the World Economic Forum, the central bank, they don't have a cover story.
There's no war.
It's not death and destruction.
There's no pandemic.
People aren't stuck in their homes.
The people are doing their everyday business.
They're going to work.
Bringing their kids to schools.
They're running their errands.
They're watching what is happening here.
And the states, the people, they're saying, you know something?
Look what they're pushing right now.
They're pushing the central bank digital currency.
Look at the economy.
The economy is failing.
The fiat currency is imploding on itself.
We must do something to protect ourselves.
And this is what is going to happen.
This is just the beginning.
You're going to see a lot more states start to all of a sudden say, you know something?
Type of currency just in case something happens.
Just in case the World Economic Forum, the Central Bank want to bring us into the Central Bank digital currency.
Just in case the entire system implodes and the paper currency is worth absolutely nothing.
We're already starting to see other countries go back to their national currencies.
This is just the beginning.
We're going to see more of this as time goes on.
And we're going to be talking about that a little bit later.
But look what the Dutch farmers are doing.
They aren't giving up.
The Dutch farmers are preparing for another showdown with the Prime Minister over his World Economic Forum-inspired plan to liquidate over 3,000 farms to drastically cut emissions from farm activity and nitrogen fertilizers.
And we have Mark van den Overe of the Voorzitter Farmers Defense Force.
Blasted the agreement being drafted by the government of Netherlands and called on farmers to get ready for another confrontation.
He said, we're reading the latest news reports and we're reading that agricultural agreement will be sour for everyone.
I think it will particularly sour for the agricultural industry.
It is not without a reason that so many parties have already walked away from the negotiating table.
They don't even dare to make it public as a concept, but it is certainly disastrous for agricultural sector.
The government says that if there is no signature from the agricultural advocacy organizations, it will be pushed through anyway.
And they're saying that they are going to stop this.
They're not going to abide by this.
They're coming up with countermeasures.
And you can see that not just the Netherlands, but you're going to see other countries start to do this because when the World Economic Forum, when the Central Bank, when the deep state players try to push their agenda, the people, they can see everything now.
The veil has been lifted.
They can see their plan.
And if it's going to hurt their business, if it's going to hurt their farms, what do you think the people are going to do?
They're going to fight back.
They're going to fight back with everything that they have.
And that's what we see.
See, it would have been a lot easier for the Central Bank of the World Economic Forum, and this was their plan, that during the pandemic, there be no farming.
Farms would just die off.
People would lose them.
Businesses would just die off.
There'd be no food source.
And they would say, okay, there's no food source.
We can't deliver this.
The supply chains, they're interrupted.
We're going to have to go to bugs.
Whatever bug you can find, start eating it.
But all of this didn't happen.
So now the farmers have a chance to fight back.
The people have a chance to fight back.
The people now are learning that everything that they're pushing, I'm talking about the World Economic Forum, the Central Bank, the deep state players, everything that they're pushing is part of a political agenda.
Everything that they're pushing is about control.
It's about changing our way of life to what they want, and the people are not standing for it.
This is why the people looking at climate change and saying, you know something, this whole thing is one gigantic hoax.
Actually, we have a Nobel Prize winner, physicist in 2022, John F. Clauser.
He talks about climate change.
Cue a time, put this out on Telegram, said the following.
The popular narrative about climate change reflects a dangerous corruption of science that threatens the world's economy and the well-being of billions of people.
Misguided climate science has metastasized into massive shock journalistic pseudoscience.
In turn, the pseudoscience has become a scapegoat for a wide variety of other unrelatedills.
It has been promoted and extended by similarly misguided business marketing agents, politicians, journalists, government agencies, and environmentalists.
In my opinion, there is no real climate crisis.
There is, however, a very real problem with providing decent standard of living to the world's large population and an associated energy crisis.
The latter is being unnecessarily exacerbated by what, in my opinion, is incorrect climate science.
Absolutely.
But remember, they don't want countries or people to figure out new energy sources.
They don't want people to realize that there's not just one energy source.
There's many different energy sources, but they're keeping it under wraps.
And they don't want people using oil.
And you can see there's a lot of oil on this earth, especially here in the United States.
And this is why Trump was out there saying, how are you going to solve this problem with inflation, with the energy crisis right now?
He said, drill, baby, drill, because he knows there's tons of oil, liquid gold under the country, out in Alaska.
And it's never been tapped.
And he knows once we tap it, this country will be completely energy independent.
This country will prosper like we've never seen before.
But first, we've got to get rid of the central bank.
I think everyone knows that right now.
Now, the other thing that's very interesting is that we can see that Home Depot and Target, they have cut their forecasts down.
And they're saying that we're heading into a major recession.
I'm not saying them themselves, but what they're saying right now by cutting their forecast, we're heading into a recession.
So Home Depot and Target essentially share the same customer base or market audience.
They service a large segment of the American middle class.
Both companies are reporting negative financial outcomes as a result of low comparable sales or same store sales comparisons to last year.
So what we're starting to see is that companies are reporting the sales The conservative treehouse put this out and said, We're
Depot now reporting lower than expected comparable sales versus last year.
Significant inflation hides the diminished sales of units, which should be the true measure of sales growth.
Inflation was hiding the recession.
And as the rate of price increases diminishes, the sales contraction will show the recession.
This is what Target and Home Depot are reporting.
And we can all expect to see the same over the next 90 days.
Retail stocks will drop as the earnings and sales reports are revised down to lower inflation.
So now we're starting to see the recession.
We Remember, this is what the central bank does.
Let's talk about protecting our health.
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If you don't see the link, click the more button or visit ketowithx22.com before the special offer ends.
To control inflation, they need to raise the rates.
By raising the rates, they bring the economy to its knees.
Once they hit a tipping point, they start backing off, which we're already starting to see them do that.
They don't just automatically say, okay, we're not raising them at all.
That's it.
What they do is they say, okay, we were raising them by 75 basis points.
Now we're going to raise it by 50, now 25.
Then they come to zero.
While this is happening, the entire system is completely imploding on itself.
And as it implodes, what people are going to see is they're going to see the recession.
And that's what we're already starting to see, and we're going to start to see companies, they're going to start to lay off.
They're already reporting that sales are down now, and there are major, major problems.
Because remember, when inflation was high...
That masks the sales because all they're looking at is the dollar amount and they're saying, wow, our sales beat last year's sales.
But did it really?
Did you sell the same units or are you charging more for each unit because of inflation?
Now that things are calming down, Now, the recession is poking its head out, and now people are going to see it.
But once again, we're starting to see a lot of blue states and cities in the blue states completely collapse on themselves because of their policies.
I mean, look at New York right now.
It's a complete and utter disaster.
Look at the state of California.
Complete and utter disaster.
Look at Illinois and Chicago.
Complete and utter disaster.
And look what Chicago is about to do.
Tom Bevin on Twitter put this out and said, Quadrupling the tax on jet fuel.
3.5% income tax on households making $100,000+.
0.4% wealth tax for the top 10% of city earners.
$1- $2 transaction tax for financial exchanges.
How do you think this is going to work out in the end?
You think companies are going to sit there and go, hey, this is great.
We're going to be paying more taxes.
You think the people are going to be sitting there going, listen, the city's a complete and utter mess.
There's crime everywhere.
There's shootings everywhere.
And now businesses are leaving.
Now they're implementing more taxes.
We have illegals running around the city.
You know something?
This is a great place to live.
No, the people are going to say, this is absolutely ridiculous.
We need to get out of here.
Corporations are going to say, well, why would we stay here if we get tax benefits in other states?
And you're going to see Chicago completely implode on itself.
And this is happening out in New York.
It's happening out in California and many other states.
And everyone should continually watch this because as these states implode, you know that this is where we don't want to go.
We don't want to follow these policies.
And the people of this country, they're going to see it as clear as day.
And all these leaders that are pushing this, they will never be able to hold their positions ever again.
They will not be voted back in.
Actually, everyone will want the opposite of what they're offering because they're going to be looking at the red states going, wow, look at this.
Businesses are flocking to Texas, flocking to Florida, flocking to Tennessee, flocking to all these other states and they're leaving the blue states.
Why is that?
And people are gonna start to realize what's really going on.
Yes, there are gonna be certain people that are gonna make changes there, but until people step up, people are going to leave because they won't be able to support their family, their business won't be able to make money, and if there's crime and everything else, it will be a complete and utter disaster.
But like I said from the very beginning, There are now states that are now putting into place countermeasures because they see the writing on the wall.
They see the World Economic Forum, the private central bank.
They're pushing the central bank digital currency.
They realize they want total control.
And a lot of the states are saying, okay, we need to have alternative currencies, either Bitcoin, gold, or both, just in case.
Out in Texas, they're considering it their own gold digital currency for universal use.
The measure would create an alternative to a federal digital dollar, an idea currently being considered by the federal government because of a directive by Biden.
Some conservatives have said they fear a federal digital dollar would be manipulated by the U.S. government and used to spy on account owners, possibly controlling how and when they can spend their money.
And that's absolutely true.
Under the proposed law, the Texas comptroller would create a digital currency based on gold or silver and would be given the authority to mint pure gold or silver coins based on weight.
The coins in the digital currency would be considered legal tender to pay debts and would be readily transferable to another person.
Under the plan, the digital money debit card would be used anywhere debit cards are accepted.
There is no provision to eliminate the use of federal dollars in Texas.
The use of the state's digital currency would be optional.
And in addition to using the U.S. legal tender, the gold and silver will be held at the Texas Bullion Depository.
As the value of that gold or silver rises, so does the spending power of the account holder.
Under the bill, people outside of Texas could create account and use the system wherever they live in the world as long as it's legal.
Under the Texas law now, under consideration, the Texas comptroller will be required to create a mechanism to use the new gold or silver based digital currency in everyday transactions for goods and services.
So when you really look at this, they're putting into place an alternative currencies and they want it to be online Running parallel to the legal tender of the United States, just in case something happens.
So stores, businesses and everything else will be able to use this.
So if the fiat currency completely implodes, And it loses value because of inflation or a complete implosion of the economy.
What happens to the alternative currency that is backed by gold?
Remember, right now they're basing it on what the fiat currency does.
If it's declining, gold is going to move up.
If it implodes on itself and it crashes, those people that have gold that have signed up or are using this alternative currency, the value of their currency is going to move up.
And the people are going to go, wow, my currency, since it's hooked to gold, is inflation-proof.
And I can use this now to buy items.
And I do believe in the end, when other states come on board with this and other states start to do this, people are going to start to realize when the entire system falls apart, the gold-backed currency is going to hold its value.
And the people are going to protect their wealth.
And I do believe that this is going to spread across the United States because as they keep pushing the central bank digital currency, once they really mention it and they say, this is what we want to do, this is where we want to go.
Remember, they have to go to Congress to do this.
The people then will realize at that point, holy crap, they're actually making this push.
Now, of course, they would like some type of an event.
They would like some type of war.
They would like something else.
Maybe a cyber attack because remember the World Economic Forum, they predicted a cyber attack.
Maybe this is how they're going to bring down their own system to actually try to say, okay, we need to move everything into a blockchain central bank digital currency so we don't lose anything if there is a cyber attack.
And this is going to be the signal to everyone out there that they're making the move.
Now, those people that decided, you know, I'm gonna protect my wealth just in case, those people are gonna be safe.
Those people that stuck with the dollar in the bank, they might have a little bit more of a problem.
But we'll have to see how this plays out.
But we can see now that states are stepping up.
Arizona is doing it.
Texas is doing it.
Florida is doing it.
And many other states are gonna start to come on board.
And I do believe we're gonna see a lot of this now as the economy completely breaks down, especially as the recession gets worse and worse and worse.
As we move into a depression, I do believe states are gonna say, you know something, we need to do something just in case.
And that's gonna trigger the people saying, well, why are the states doing this?
Why have we now seen 10 or 15 or 20 states actually go ahead and say, okay, we have a parallel currency just in case, and we want all the business owners, stores to make sure they can transact on them using it.
Well, the people are going to question this and say, why is this happening?
And then the people are going to come on board, just like gun control.
What has been happening in this country?
More and more states are going to constitutional carry.
Why?
Because it started out with a couple of states and it spread.
This is going to spread just like that.
Same thing with the vaccine passports and the mandates.
When they saw other states say, you know something?
No, it's completely unconstitutional to have a vaccine passport.
It's completely unconstitutional to mandate vaccines.
Other states came on board.
Other states started to push back.
Of course, the blue states aren't going to do that, but the red states will.
And we're going to see a very big difference.
You're going to see states that are prepared and ready, and you're going to see other states that are not.
And the people are going to see this.
They're going to recognize this.
And the people, they're going to protect themselves in the end.
And in the end, when everything completely falls apart and everything implodes and the solution maker comes in, which is Trump and the Patriots, well, the people already say, yeah, I think we know what direction we need to go in.
I think we're ready to separate ourselves from the central bank, separate ourselves from the deep state, separate ourselves from the world economic forum.
And I do believe that day is closing in.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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