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May 24, 2023 - X22 Report
19:09
Ep. 3076a - D’s Panic Over The Debt Ceiling, IMF Panics, Fiat In Process Of Being Destroyed
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Hi and welcome.
You're listening to the X22 Report.
My name is Dave in this episode 3076A and today's date is May 24th, 2023.
And the title of the episode is D's Panic Over the Debt Ceiling, IMF Panics, Fiat in Process of Being Destroyed.
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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, they are now panicking because they're afraid that people are going to see one thing that they don't want them to see, that the entire country can operate without the government.
Remember, for a very long time, they've been telling us and convincing the American people that we need to have this spending and we need to have this government.
And if we don't keep it up, the entire system is going to collapse.
Why do you think they're using fear right now to try to convince you that if we don't do this, everything's going to fall apart?
But no matter which way they turn, it's going to fall apart.
If we default, the economy is going to crash.
If we pass a bill and the government continually operates, it's going to crash.
The debt ceiling really doesn't have that much to do with it.
What happens afterwards, that is what's very important.
Because remember, right now the Treasury is out of money.
The Treasury now is going to have to raise money to pay for things, which is going to cause a crisis.
And you can see the Ds, all they're doing is they're using fear tactics.
Unusual Wales put this out on Twitter and said the following.
A default could lead to an economic downturn as bad as the Great Recession with 8 million Americans losing their jobs and the stock market's value falling by 45% per the White House Council of Economic Advisors.
Once again, if the country defaults, the government then starts to shut down non-essential things.
They do have mechanisms that are put into place.
And it doesn't mean, oh, by the way, everyone's out of work.
No, they start shutting down the national parks.
They start shutting down things that they really don't need.
And the country doesn't really see any difference in their life.
They go about their business.
They go to their jobs.
They do what they need to do.
even the people on food stamps and everything else they don't really see that much of a difference they don't want the people to see this they're very afraid of this and this is why they're waiting for the very last moment to actually fold on this bill now what's very interesting is if we go back in time a little bit we have the white house press secretary out there trying to convince everyone that biden has been negotiating the budget for months with republicans but that's not true actually that's false
jim jordan put this out on twitter said the following january 12th speaker mccarthy calls on president biden to negotiate on the debt ceiling president biden does nothing april 26th house republicans pass a fair debt ceiling bill president biden does nothing may 12th mccarthy again calls for negotiations biden Are they negotiating?
And what's very interesting is now we have the White House Press Secretary.
She is now changing her tune.
Town Hall on Twitter put this out and said, the White House Press Secretary in May, we're not going to negotiate over the debt limit.
White House Press Secretary, today we are negotiating on the budget.
I've always been very clear about that.
Well, no, they haven't been clear about that.
Biden hasn't been doing anything, and they're waiting for the last moment.
But they realize that the people are no longer with them.
They haven't been with them for a very long time.
They realize from the polls that the people are going to turn on them in the end.
This is why they've been trying to figure out all different ways.
This is why we have Jamie Raskin out there talking about the 14th Amendment.
This is why the fake news continually puts out, oh, we can just use the 14th Amendment.
They're trying to convince the people, oh, there's other ways around this, and we don't have to worry about this stupid Republican bill.
But there are no other ways around this.
And they realize this.
And the people now are looking at the Biden administration and they're saying, you know something, no matter what he does, it's his fault.
Unusual Wales put this out on Twitter.
He said the following.
President Joe Biden's concern that voters could blame him for U.S. default helps explain why he's doing something he resisted for months, engaging with Republicans over spending cuts and budget constraints per Bloomberg.
So they know that people aren't going along with them.
They know they stalled this entire time trying to figure out a way around this and this is why they continually pushed the 14th Amendment.
But this all is not going to work.
It's going to fail in the end just like everything else.
And the economy is heading towards what?
A recession.
Actually, we're already in a recession.
I think we're heading towards a depression.
And I remember Trump saying that our recession is going to be the nice word.
I think we're heading towards a depression, a major crisis.
And this entire system is going to implode.
And the fiat currency is going to be destroyed in the end.
Now, it doesn't mean that the United States is not going to be the reserve currency of the world.
It just means the central bank currency.
That we have today.
The Federal Reserve note is going to be destroyed.
Why?
Because I do believe once you start pegging currencies to gold, the central bank system is completely obliterated because everyone then can see the truth.
But think about it.
Once the bill is passed by the Republicans and the default is avoided, What does the Treasury have to do?
The Treasury, since they're low on cash, they need to actually what?
They need to sell bonds.
And that's exactly what they're going to do.
And this is going to cause a major, major problem going down the line here.
And actually, it'll probably cause the entire system to completely and utterly crash.
Remember, the Treasury has been propping up the stock market quite a bit.
Wall Street Silver put this out on Twitter and said the following.
The U.S. Treasury is so low on cash and has used all of their tricks to delay spending that there will be an avalanche of new debt issued to catch up.
The U.S. debt will instantly rise from $31.4 trillion to over $32 trillion.
It will be issued at over 5% rates, sending annual interest on the debt over $1 trillion per year.
This is a recipe for disaster.
And no matter which way Biden turns, if we default or we don't default, it makes no difference at this point.
Their agenda is killing them.
And I do believe Trump and the Patriots knew in the end that their agenda would kill them in the end, especially now with the people going against them, where they're looking at the Biden administration, the Central Bank, the World Economic Forum.
We're watching the Green New Deal, and the people now are rejecting everything that they're trying to push.
And the people realize that their entire policies, everything that they're pushing, their agenda, is destroying the economic system.
But I do believe Trump and the patriots, they knew that this was going to happen.
They knew the playbook.
They knew they were going to go down this path.
And why not allow them to destroy their own system?
Because if they destroy their own system, Trump and the Patriots can use this to their advantage.
Look, they destroyed the system.
Do you want them to continue on it?
Do you want them to create a new economy?
Or do you want to bring me back and do you want an economy like we had before the pandemic?
Do you want energy independence?
Do you want low inflation?
Do you want tariffs on other countries?
Do you want that money going to help our farmers and helping our industry?
Do you want to bring back manufacturing?
Do you want to separate the entire system from the private Western Central Bank?
Do you want to stop borrowing currency from the private Western Central Bank?
I do believe the people are going to say, yes, this is exactly what we want.
And Trump, he's going to hand everyone exactly that.
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But really think about what's happening right now.
The deep state, the central bank, the World Economic Forum, as the entire system crashes and as inflation picks up and people are laid off, what do they need?
They need foot soldiers to go after people's money.
Actually, just go back to the times of kings and queens.
Remember when the kingdom was running out of money and they just said, let's tax the people again.
And someone in the kingdom said, well, we just taxed them like four other times.
The people don't have any more money.
Do you really think this is a wise move?
Yes, we need to get every single penny from them because we need to operate.
Well, that's what's going to happen here.
As the interest rates continually rise, as the inflation picks up and the currency is worth absolutely nothing, they're going to need to collect more and more and more to cover the debt.
Which is going to be completely impossible.
This is why in the Inflation Reduction Act, which is completely the opposite of what it's called, this is why they need IRS agents.
Those are the foot soldiers to come around and collect as much as they possibly can from you, to audit everyone.
And we can see the Republicans, they've been fighting against this, and they've been pushing against this because...
We don't need 87,000 IRS agents.
Actually, we need to get rid of the IRS completely.
Remember, that was brought into existence because we had a private West Central Bank that was loaning we the people currency, and there was interest attached.
How are you going to pay for this interest?
You had to be taxed to pay for all of this.
And as the government continually borrowed and borrowed and borrowed, the taxes would have to go up because the debt would go up, which means there's more interest on the debt.
How can you pay for this if there's no taxes?
If we get rid of the private West Central Bank and we go back to square one to the Constitution, are we borrowing the currency anymore?
No, we are not.
Do we need the IRS at this point?
I don't believe so.
Yes, there could be sales tax.
Yes, we can place tariffs on other countries to keep the government operational.
Do we need a government this large?
Do we need all of this currency that we've been borrowing?
No, we don't.
And the people are going to realize this and understand this.
But Lauren Boebert, she's been pushing back on the IRS agents, and she put out a tweet and she said the following, Republicans are still trying to get rid of those 87,000 IRS agents who are going to audit everyone into oblivion.
Believe me when I tell you, no one that has money is going to have a problem with an audit.
They have tax attorneys and accountants whose only job is to make sure that they pay as little as possible using legal means.
The people that will suffer are those who are middle class, who make just enough to file, but not enough to have some rich attorney comb through their returns.
That's who Biden wants to screw over to make sure Zelensky can get more and more money.
And she's absolutely right.
When you go back to the days of the kings and queens and the serfs, Were they going after very, very wealthy or were they going after the farmers?
Were they going after the serfs?
Were they collecting as much as they possibly can when these people are standing there in rags and they had nothing to eat?
Well, that's where they want to bring us once again.
But is this going to work?
Absolutely not, because they're on the path to destruction.
Trump is allowing the enemy to do what they do best, destroy their own system.
And that means destroy the central bank currency, which is the Federal Reserve note.
This is not a U.S. dollar.
It's not a currency that was created by we the people.
This is a currency that was created by the third central bank, which is a private corporation.
And it's just like loan sharking.
Oh, you need some cash?
You need some money?
Okay, you can borrow it, but here's the interest rate.
And you're going to have to pay this back.
I mean, really go back in time.
When the central bank came into existence in 1913 and the government, we the people, decided to borrow the money.
And let's just use a dollar, for example.
We borrowed a dollar.
And remember, there's no other currency in existence because it comes from the private central bank and they created it.
So they printed one dollar and they said, here you go.
You just borrowed a dollar.
Now you owe us a dollar ten.
Well, where were we the people getting ten cents?
Because remember, there's interest attached to it.
It didn't exist.
So what did the government have to do?
What did we the people have to do?
We had to borrow more currency just to pay the interest.
And this continued on over time.
And as it continued on over time, what happened?
We have so much debt that we can never, ever pay this back.
It's completely impossible.
I know a lot of people say, oh no, we can do it.
We can pay it back.
The people can do it.
No, you can't.
Because go back to the first example.
If you borrow the first dollar and there's interest attached, that interest...
The 10 cents, let's say, doesn't exist.
So it would be impossible to pay this person.
Now, yes, if the central bank, the private central bank accepted gold, yes, you could pay it back.
If they accepted platinum, they could pay it back.
But once again, are they going to accept that?
Why would they?
Why would they want all the debt paid back?
They like control.
But look what's happening here.
We can see the IMF right now.
They're panicking over the fiat currency, over the Federal Reserve Note, over the reserve currency of the world.
Now remember, the reserve currency of the world is their currency.
They use it to control the rest of the world.
And we have the IMF managing director.
She is letting everyone know that the U.S. currency will not lose its reserve status.
Well, that shows me that she's panicking.
The IMF is actually really part of the deep state, the World Economic Forum, the central bank system, as we know.
And they're panicking because there are countries now moving away from the Federal Reserve note.
They're going back to their national currency.
Most likely, they might peg their currencies to gold.
And right now, the IMF director, she is panicking because there are talks now that the United States might lose the reserve currency status.
Now, remember, this is a Federal Reserve note.
This is not a US dollar.
They're worried about the world moving away from the fiat system.
So they're worried about their currency being destroyed.
It doesn't mean the United States still wouldn't be the reserve currency.
We just wouldn't be the reserve currency using the Private Western Central Bank currency.
And I do believe this is what they're panicking over.
And they're out there letting everyone know, don't worry, we have everything under control, which they really don't.
Because if you have everything under control, you don't have to put a message out like this.
You see, every time the bankers, every time the corrupt politicians, the World Economic Forum put out messages like that, that means they're panicking because if they had everything under control, they wouldn't have to worry about putting a message out like this because they would have everything under control.
When you start to lose control, that's when you need to tell everyone, hey, don't worry, we have everything under control.
And I think everyone's starting to realize this.
And as the entire system continually breaks down and people see the difference between real money and the fake fiat currency, people are gonna start to realize we need to move away from this.
And this is what they're really afraid of.
They're really afraid of people realizing that a gold-backed currency Would destroy their fiat system.
Remember, going back to 1971, when we came off the gold standard, the value of the currency dropped like nobody has ever seen.
That's why we had inflation like we've never seen before.
This is why they had to raise interest rates 15, 16, 17% because they were trying to control the devaluation of the currency.
What people experienced at that time, it was like a drug.
Holy crap.
My house doubled in price.
My income doubled.
Well, that's because it was worth less.
The Federal Reserve note, it was worth less.
So you need a lot more to get the same exact thing.
And people didn't realize that in the very, very beginning.
But now we're at the end of the system.
People see something very different.
They see their wages going down.
They see real inflation.
They see that they can't make ends meet.
They see that the entire economic system is completely imploding on itself, and it's getting worse.
As fuel costs move up, as inflation moves up, and that means the value of the currency is declining, people will really see, wow, this system doesn't work for me.
And it won't be just a couple of people.
It will be people around the world.
They will start to realize that the system does not work for them.
It works against them.
And I think people are starting to realize this and people are starting to see that everything that the deep state, the central bank, the World Economic Forum has been telling them this entire time, we've been living in their illusionary economy that only benefits them and it doesn't benefit the people.
And when the fiat system is exposed because of gold, because of Bitcoin, this is what people are now witnessing.
And once people see it, they're never going to forget it.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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