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June 5, 2023 - X22 Report
22:25
Ep. 3085a - The Economy Is Imploding, The D’s/[CB] Will Take The Blame For The Collapse
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Welcome to the episode of the Cinecraft Podcast.
Hi and welcome to the Cinecraft Podcast.
You're listening to the X22 Report.
My name is Dave and this is episode 3085A. And today's date is June 4th, 2023.
And the title of the episode is The Economy is Imploding.
The D's, the Central Bank, will take the blame for the collapse.
Let's talk about protecting your wealth.
Reign in wealth like King Charles with a gold IRA from Noble Gold Investments.
Just as King Charles' magnificent gold crown symbolized wealth and power, a gold IRA can fortify your own financial kingdom.
Imagine the confidence that comes from a retirement backed by a tangible proven asset, gold.
An asset that's not at the mercy of unpredictable market swings.
A crown may not be included, but isn't a future free of financial stress, a worthy throne?
Like royalty, enjoy the luxury of choice.
Gold, silver, platinum, and palladium.
The realm is yours to command.
Fend off concerns about economic downturns and let your wealth thrive with the timeless security of precious metals.
This month, the first solid quarter ounce gold standard bullion coin ever issued with Charles III's image can be yours with your own qualifying gold IRA or 401k rollover of $50,000 or higher.
You can't go wrong with Noble Gold Investments.
Call Noble Gold Investments at 877-646-5347 to get started or visit x22gold.com.
That's 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 West Central Bank, the World Economic Forum, their entire push to bring the economy down, their entire push to bring us into the Central Bank digital currency, their entire push to bring us into the Green New Deal is going to implode around them because their entire push to bring us into the Green New Deal is going to implode around them because every move they make, the And people are starting to realize what they've been told is not true.
Go back in time when Trump I was talking to Gavin Newsom and many other people about forest fires out in California, and they continually pushed the idea that the earth is going to get warmer, and Trump said, no, no, no, the earth is going to get cooler.
Well, the earth is getting cooler, and Trump was right again.
Steve Malloy put this out on Twitter, said the following...
Justin, NASA satellite data for May.
May 2023, much cooler than May 1998, despite 66% more industrial-era CO2. Emissions-driven warming is a hoax.
And it is a hoax because Trump, back then, he was arguing, you gotta clean up the forest floor.
The forest floor, that is the problem.
They kept trying to say, no, it's because it's warmer.
Trump said, no, it's going to get cooler out.
And now we have the proof that it's getting cooler out.
Why?
Because the sun goes through different cycles.
And yes, we have climate change over a period of time.
It gets warmer, it gets colder, it gets warmer.
This is why back in 1970 they said we're heading towards an ice age.
Oh, guess what?
We came out of that cycle and things were warming up.
Then they said there was global warming.
They made all these predictions that snow was going to disappear.
Sea levels were going to rise because of the ice caps melting and they're making all these different things up.
And none of it happened.
And then they realized we're going into a cool period again.
So what did they do?
Oh, we can't say Ice Age.
We used that one before.
Let's say we're changing the climate.
The climate is now changing.
That's what we're going to use.
And that's exactly what they did.
And now we can see exactly what's happening for real.
The veil has been lifted.
No one's buying the climate change hoax where we're responsible for this.
And people now see their entire plan.
Their entire plan is to have full control.
Period.
The end.
People now are waking up to this because as they continue down this path, it is just going to get worse and worse for them as time goes on.
Now, the other thing that's very interesting is that we can see the economy is not doing well.
We know that the unemployment numbers, they've been manipulated.
They've been manipulated since 1971.
They changed the calculations back then.
ShadowStats has proved this time and time again, and the unemployment numbers are much, much higher.
Inflation is much, much higher.
And the reason why they needed to change all these things is because when you're in a system that completely breaks down over time, you need to manipulate everything to make it look like nothing's really happening, to make people believe, don't worry, this is normal.
You're not really seeing inflation because we keep telling you it's 2%.
It doesn't matter that food used to cost $1 or this item cost $1 and now it's $4 or $5.
Inflation's 2%.
Don't worry about it.
That's what they've done since 1971.
They've manipulated everything.
They try to convince the people that you don't got to worry about this.
And in the very beginning, yes, it might have worked.
But as time...
Went on.
What happened?
People started to realize, wow, things are out of whack right now.
Now, since everything's been accelerated, people can really see it now.
It happened within a two and a half year, three year period of time.
And that allows people to see the inflation, which is really the devaluation of their currency.
Now, what's very interesting is we know that the House, they passed the bill to raise the debt ceiling.
The Senate...
They passed the bill to raise the debt ceiling, and now Biden, all he has to do is sign it, which of course he's going to do.
Now once again, can we solve the debt ceiling problem?
Absolutely not.
What we can do is we can take control over the spending through the Appropriations Committee, and I do believe this is what the Patriots had in mind.
To get rid of the debt ceiling, you've got to go back to the beginning.
Why do we have a debt ceiling in the first place?
Why are we allowed to borrow as much as we want without any type of penalty, without checks and balances?
See, that's the real problem.
That's why you need to go back to the source.
What is the source?
It's the private Western Central Bank that was installed in 1913, then came online in 1971.
And when I say online, that means we went full fiat.
And then they took complete and utter control in 2008, 2009.
If you really want to get rid of the debt ceiling, if you really want to cut spending, well, you get rid of the open-ended credit card, and that solves your problem right there.
And then if you just use the money coming in from tariffs and you shrink the government, you can have a government that works for we the people.
That's what the founding fathers actually wanted.
They wanted sound money.
They didn't want your currency devaluing over time so it's worth absolutely nothing.
And I do believe this is why Trump and the Patriots, they needed to accelerate everything so people could see, look, your currency is devaluing.
Look, the energy prices, they're moving up as your currency is devaluing.
Is this the world you want?
Do you want to then go into the Green New Deal?
And the people now are rejecting this.
The people see that this is not going to work for them.
And at every turn, the Biden administration is having problems.
Just look at the student loan forgiveness program.
The Senate voted to overturn Joe Biden's student loan forgiveness programs, 52 to 46.
Democrat Senator Joe Manchin and Jon Tester voted with the Republicans.
Democrat turned independent Christine Sinema also voted with the Republicans.
Biden vowed to veto the measure.
However, the student loan forgiveness program is currently at the Supreme Court and the Supreme Court is expected to issue a ruling on Biden's loan forgiveness program later this month.
I think they're going to put the final dagger in this unconstitutional student loan bailout program.
And we'll have to see how this all plays out in the end.
But that also brings us to another strange Supreme Court case.
And this one has to do with unions and the destruction of property.
So in a loss for organized labor, the Supreme Court ruled in favor of a concrete company in Washington state seeking to revive a lawsuit against the International Brotherhood of Teamsters, alleging that a strike damaged its products.
The 8-1 decision written by Justice Amy Coney Barrett It means the company, Glacier Northwest Inc., can pursue a lawsuit against the union in state court over an August 2017 strike in which drivers walked off the job leaving wet concrete in their trucks.
The company claimed the union is liable for what it says was intentional damage to its products.
So basically what the same people are saying is you can't damage the company's products or their equipment, and that makes sense.
I mean, if you're going to eventually go back to that job, why would you want everything destroyed?
You wouldn't.
So what's very interesting about this case is there was one individual that dissented on this.
And this was Supreme Court Justice Contenji Brown Jackson.
You know, the Supreme Court Justice that can't define a woman.
So she's the only one.
The rest said, no, yeah, you know something, you can't destroy the product.
You can't destroy the equipment.
You can't do this because you need to go back to your job.
And again, this is against the law.
And it's very interesting that this person that was nominated by Biden, replacing another Supreme Court justice, because they really want to go far left, this person wants the product, the equipment, she wants it destroyed.
She wants to allow this to happen.
I find that very, very interesting.
But again, she was struck down.
Now, the other thing that's very interesting is that we can see the economy is completely falling apart.
And we know that the BLS numbers, they've been manipulated.
We know the Biden administration, they've been manipulating the numbers.
And all of a sudden we see the U.S. unemployment rate move up to 3.7% in May.
And that is very interesting.
The household survey shows a decline of 310,000 jobs, but they're saying that they added 339,000 jobs.
Now, the unemployment rate was only supposed to go to 3.5%, but it rose to 3.7%, a lot more than the estimate.
And now we have the fake news out there letting everyone know that the increase in the unemployment rate is much worse than expected.
And usually when we see this, let's talk about protecting your wealth.
Reign in wealth like King Charles with a gold IRA from Noble Gold Investments.
Just as King Charles' magnificent gold crown symbolized wealth and power, a gold IRA can fortify your own financial kingdom.
Imagine the confidence that comes from a retirement backed by a tangible proven asset, gold.
An asset that's not at the mercy of unpredictable market swings.
A crown may not be included, but isn't a future free of financial stress, a worthy throne?
Like royalty, enjoy the luxury of choice.
Gold, silver, platinum, and palladium.
The realm is yours to command.
Fend off concerns about economic downturns and let your wealth thrive with the timeless security of precious metals.
This month, the first solid quarter ounce gold standard bullion coin ever issued with Charles III's image can be yours with your own qualifying gold IRA or 401k rollover of 50,000 or higher.
You can't go wrong with Noble Gold Investments.
Call Noble Gold Investments at 877-646-5347 to get started or visit x22gold.com.
That's x22gold.com.
And remember, there's always a risk of investment and there's no guarantee of any kind.
That means we're heading into what?
A recession.
Well, we're already in the recession.
They already faked the data.
Now they're building the narrative, letting everyone know, hey, by the way, we're going to be heading into a recession.
No, we're already in a recession.
We're actually now heading towards a depression.
But what's very interesting about all of this, and you start to look at the jobs, and you'll start to understand why they like the illegals coming in, because all the U.S. jobs since the COVID crash have gone to foreign-born workers.
That is very interesting.
So there are now roughly 3.3 million more jobs than there were at the peak just before the COVID crash.
So that is very interesting.
On the surface, this is an impressive accomplishment as a deficit of some 22 million jobs has been erased in under three years.
But if you dig a little deeper, what do you see?
You see some strange things emerge.
Like, for example, that much of the jobs created in recent years have gone to multiple job holders, meaning That not every payroll has been assigned to a unique individual, but instead there are now people who hold two, three, or more jobs to make ends meet.
Or that much of the recent job creation has gone to low-paying part-time workers while full-time jobs have stagnated.
Or that according to the household survey, there was virtually no new jobs created for much of 2022, even as the establishment survey indicated that over 2 million new jobs have been added over the same period.
So right now, there are currently 131.1 million native-born U.S. workers, which is down more than a half a million from the pre-COVID peak of 131.7 million, which was reached in October of 2019.
If you look at the numbers of foreign-born workers, the data paints a very different picture.
Having peaked at 27.8 million in February 2019, the number of foreign-born workers has not only recovered its COVID crash losses but has increased by an additional 2.2 million to a record 30 million as of April 2023.
This means that all the new job creation since the COVID crash has gone to foreign workers and people have multiple jobs right now.
So are there actual real jobs being created?
Absolutely not.
When you look at Challenger Gray and Christmas, They look at all the layoffs right now and companies now have announced a staggering 417,500 plan layoffs for the first five months of 2023.
This is a massive acceleration and more than four times the job cuts compared to last year.
So when you look at this, you can see that we're way above 2022 and layoffs are coming.
Challenger found most layoffs occurred in the tech industry, announcing 136,800 cuts for the first five months.
That came close to eclipsing the full year of 2001 when the tech industry hemorrhaged 168,400 jobs.
Job cuts are beginning to spread like cancer from tech to other industries, including banking, retail, media sectors.
Challenger said that the media industry announced 17,400 job cuts so far this year.
Banking has seen a surge in layoffs.
Financial firms announced 37,000 job cuts through May, more than four times the number compared to last year.
The Federal Reserve's 14-month aggressive interest rate hikes have led companies to reigning cost.
Challenger said many firms have embarked on a hiring freeze due to mounting macroeconomic headwinds and increasing risk of slowdown later this year.
Large-scale job cuts will likely continue as Challenger data shows layoffs rising at 287% year on year.
So when we look at all of this data right now, it shows us that they've been lying to us.
We're in a recession.
Companies are laying off.
It's almost a repeat of 2008, 2009.
But I do believe that this is going to get a lot worse.
Now, remember, the deep state players, Joe Biden, the Central Bank, the World Economic Forum, they lost their chance to blame all of this on the Republicans.
They're out there saying this is an incredible deal.
We won.
We can raise the debt ceiling to $4 trillion or even higher than that.
Well, really think about that.
They just basically took on all the responsibility of the entire economic system crashing.
They can no longer say that the Republicans held them back.
So now they are in the crosshairs right now.
And as the economy completely implodes on itself, which it is right now, everyone is going to be pointing the finger at them.
Remember, there was a survey that was done and they asked the American people, who do you hold responsible for the economy?
And it was Joe Biden.
It was Janet Yellen and Jerome Powell.
So you have the Biden administration, you have the Treasury Secretary, and you had the Fed Chair.
So the people realize and they understand who's responsible for all this.
And I do believe if you're going to bring this entire system down, just like Trump and the Patriots are planning to do, and why not let the enemy do it for you?
Because optics are very important.
Why not allow the entire system...
To completely implode on the Deep State, the Central Bank, the World Economic Forum's watch.
This way, Trump and the Patriots can sweep in and actually use this crisis against them.
Actually, if you really start to step back and take a look, Trump is actually doing this with World War III.
He's going to be doing it with the economy and he's going to pivot everything away from their system.
Their system right now, their swamp system is being drained.
That includes the central bank, the economic structure.
And I do believe Trump and the patriots, they're bringing us down this path and bringing the deep state, the central bank, the world economic form down this path.
because in the end, the world will push back.
See, the world is watching right now.
The world, they're watching the economy.
They're watching their friends, their relatives lose jobs.
They're watching this entire system implode while the central bank The administration, the other leaders around the world lie to them, letting them believe that the economy is perfect.
Everything's going as planned.
Since we got the debt ceiling and that's moved up to four trillion plus, everything's going to be fine.
No, the only thing that's fine is them money laundering all this money.
The only way to rein in all of this and get rid of it is to shut down the credit card, and that is the Federal Reserve.
It's a private corporation.
It's just like a bank loaning you money or a loan shark loaning you money.
Actually, it's one and the same.
Once you get rid of it, that's when you end the problem because you can't borrow anymore.
Once you can't borrow, you have to learn to live on your actual currency.
And we need to bring this entire country and this world back to sound money so people can live on the currency because the currency is not supposed to be losing value over time.
We're not supposed to be printing and printing and printing.
We're supposed to have checks and balances.
We're supposed to have a very small government.
We don't need all of this borrowing.
And if your currency is stable, your life is stable and you can prosper in the new economy.
And I do believe this is what Trump and the patriots are doing.
They're bringing us down this path, actually bringing the deep state, the central bank, the World Economic Forum.
Yes, the people are coming along with it, but the people need to come along with it because they need to see exactly what this is all about.
The Central Bank, the World Economic Forum, all these individuals in government, the deep state players, they've been hiding this from the people, making you think that this is normal.
Everything's functional.
Don't worry about it.
This is the way it's supposed to be.
Now you're getting a glimpse into how this is not working whatsoever, how things are actually terrible, and how your currency is losing value every single day.
I mean, people see it as inflation, but in reality, your currency is losing its value.
And I do believe Trump and the Patriots wanted to show everyone in a very, very short period of time, because this way you can recognize it, you can experience it, you can feel it.
See, when the Deep State, the Central Bank, the World Economic Forum, when they do it over a very long period of time, I mean, think about it, from 1970 all the way up to this period, generations have gone by and people don't recognize it.
When you condense and you accelerate this and you put it into three years, everyone then can see it.
You don't have to wait 15, 20 years.
If you do it in a very condensed period of time and it's all accelerated, it's very, very easy to see.
And I do believe Trump and the Patriots wanted the people to see this and wanted people to experience this, to bring them to the precipice so they push back and say, this is something we can't use.
This is something that we don't want.
It doesn't benefit us.
And I do believe that's exactly what's happening.
And I do believe on the other side, what's going to happen is we're going to see an economy like we've never seen before.
Because they never wanted us to see that.
If we ever saw it and we felt it and we experienced it, we would say, why did we ever have a central bank?
Why were we in this system?
It makes no sense.
That's why they've been trying to hide this from we the people since 1913.
That's when they took control.
That's when they started to manipulate it a little bit at a time.
But now the people are going to see it.
Now the people are going to push back and their system's going to come tumbling, crumbling down.
Listen, everyone, thanks a lot for listening.
Be always safe and especially be prepared.
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