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June 14, 2023 - X22 Report
19:32
Ep. 3094a - Confidence In The Banking System Is Declining,Fed Hit The Tipping Point
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Hi and welcome.
You're listening to the X22 Report.
My name is Dave and this is episode 3094A and today's date is June 14th, 2023 and the title of the episode is Confidence in the Banking System is Declining, Fed Hit the Tipping Point.
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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, it seems that they have now hit the tipping point.
Normally, what happens during a recession, a depression, the Federal Reserve goes ahead and they start to raise rates.
When they hit a certain point, remember how quickly they raise these rates.
When they hit a certain point, they realize the economy just turned the corner.
This is why Powell was talking about a recession.
Now they're saying, listen, we didn't raise the rates, we're holding them steady, and there is no recession.
God, I remember this going back to 2008, 2009 when Bernanke was out there and they were asking him questions about, you know, do you predict or are you forecasting any type of recession?
He said, absolutely not.
We're not forecasting anything.
We're in the clear right now.
It looks like the economy is improving.
We don't have problems with real estate.
Yes, it was a little bumpy, but don't worry about that.
Then later in that same year, what happened?
All of a sudden, the market completely crashed.
Real estate completely crashed.
Everything completely crashed.
And what happened before that period of time?
Well, the Fed was raising rates and they stopped raising rates around 2017 or so.
And then they started to drop them very, very quickly because they already hit the tipping point.
And I do believe the same thing is happening right now.
They tried to fight off inflation.
Yes, they manipulated the inflationary numbers.
But in reality, what are people seeing?
They're seeing items that cost a lot more.
You see, you can't hide that from the people because when they go to the store, they can see it, they can feel it, they understand it.
You can tell them that inflation right now is zero percent.
You can tell them it's negative percent.
But if you're going to the grocery store and one week you're paying an amount and you go the following week and you're paying a lot more, people see that.
You can't hide something like that.
And that's what people are experiencing right now.
They are seeing reality.
And the central bankers, the fake news, they're pushing the illusion.
And people can see the difference.
Just like they see the difference with what's happening around the country in different cities where the cities are saying, listen, it's okay to loot.
It's okay to steal things from stores.
Well, this is going to have an impact on the economy.
And the Home Depot CEO, he's warning that this now new organized theft This whole thing is one gigantic tsunami and it's going to be a big, big problem.
So the Home Depot CEO, Ted Decker, he was out there saying that the retail theft and other inventory loss known as shrink is ravaging the home improvement stores nationwide.
And I don't believe it's just the home improvement stores.
I do believe that this is happening to many, many stores right now.
He said it's a shrink and it's a big problem for retail and it goes across retail.
Now, the CEO, he's referring to criminal organized gangs, stealing merchandise and reselling on online markets.
Many of these thefts occur in Democrat controlled metro areas where progressive city leadership have relaxed theft rules, which has only backfired and sparked a shoplifting epidemic.
Shrink is a $100 billion problem for U.S. retailers.
It's becoming such a problem that the execs that mentioned shrink on recent earnings calls surged to the highest level ever in data compiled in Bloomberg from 2013.
And as a result, retailers are shutting down stores in certain Democrat-controlled cities as these areas are being transformed into crime-ridden hellholes.
Due to failed policies.
So why is the deep state doing this?
Well, first, they want crime on the streets.
Remember, they're taking the country right now and they're transforming it into a third world nation.
Plus, they already know they don't need all these businesses.
In the end, if they're following the Great Reset, the Green New Deal, they're not going to need retail stores.
So why don't we force them to close down?
Just like they did with the police.
They created an event.
They said, okay, let's defund the police.
And their whole mission was to centralize.
How would they centralize all this?
Well, you would centralize it by having online shopping.
You wouldn't have the stores because you're not going to have these people living in all these different areas.
So they're already trying to push this.
And as they're pushing this, they're destroying the retail sector.
But the people of this country, they can see exactly what's going on.
They understand that this is policy driven.
It's not just happening because it's happening.
It's happening because the leadership in these areas, they're pushing it to happen.
And this is not going to work out well for these different places.
Now, remember, we talked about this before.
Just look at the red states.
Just look at the blue states.
Look at the blue cities.
Look at the red cities.
You're going to see a gigantic difference between the two.
The people are already seeing this.
But as time goes on, you're going to see more and more of this.
Now, what's very interesting, and we're talking about inflation and we're talking about the Fed before, the White House, they decided to put out a tweet and they said the following.
Great news.
Today's inflation report shows annual inflation is now at the lowest level since March 2021 and less than half of what it was last June.
This is giving families real breathing room.
Well, wait a minute.
When Trump was in office, inflation was 1% or so.
The Biden administration brought the inflation all the way up to 9%, and they're telling us that 4% is good now?
No, you need to go back to the lowest point.
So basically, it was at 1%, now we're at 4%.
It's up 3%.
What are people feeling?
They're feeling the pain.
And actually Andy Puzder explains the whole thing on Twitter.
This white house claim is misleading.
Inflation is still increasing.
The rate at which it is increasing slowed in May to 4% on top of an 8.6% increase last year.
Inflation is cumulative like compound interest on a two year basis.
It has increased about 13%.
Prices are rising, not falling.
And he's absolutely right.
This is why when you go to the store, this is why when you go anyplace, what do you see?
You see things are a lot more expensive.
And no matter what the White House says, no matter what percentage number they put out there, it's going to make no difference.
It's almost like saying, hey, look, gas is down.
It's only up 2% this year.
But when you go to the pump and you see it's at 350, you're like, wow, remember when there was a time when I was able to purchase gas at $1.95, $2.210, and now it's at 350?
It doesn't matter what the percentage is.
Because people are living in the real world.
They're not living in the percentage world.
And the real world shows you what the real prices are.
And with all of this, with everything that's going on, the Fed says now, okay, you know what?
We've controlled inflation by raising the rates.
No, they didn't.
They didn't control inflation because they're looking at a manipulated number.
All they did was push the economy over the edge.
all they did was they brought us into a very deep recession teetering on a depression let's talk about protecting your wealth just as king charles the third of britain has a crown with the timeless wealth of gold you can enrich your future with the enduring value of a gold ira like those precious crowns a gold ira doesn't tarnish over time it shines brighter in economic turmoil it's a hedge against inflation and stability in volatile markets this month the first solid quarter ounce gold standard bullion coin ever issued with charles
the third's image can be yours with your own qualifying IRA or 401k rollover of $50,000 or higher.
You can't go wrong with Noble Gold Investments.
Hurry and go to x22gold.com.
That is x22gold.com.
Or click the link in the description.
If you don't see it, click the More button.
And always remember, there's always a risk of investment and there's no guarantee of any kind.
Why do you think there's so many layoffs right now?
If inflation is down, fuel prices are good, and jobs are all out there, why are corporations laying off right now?
Why are they cutting costs?
Why are families saying, wow, insurance policies, the amount, the premiums, they're way up.
Fuel prices are way up.
My gas prices are way up.
Food prices are way up.
Used cars are way up.
Why are people then saying all of that if everything now is perfect?
Because everything is not perfect.
Because what they did was they tricked America again.
They brought us into a recession.
They didn't control inflation.
Inflation is still out of control.
Are you trying to tell me that since 1970, we've been at 2% and we're only at 4% right now?
Remember, it's cumulative over time.
It's one gigantic illusion.
Because if you go back in time and you look at what it cost for food back then compared to what it is today, there's no way that it stayed steady at 2%.
It's gotten worse over time.
Why do you think the value of the currency has dropped by over 96%?
That tells you everything you need to know.
So what's the Fed going to do?
Well, they're going to hold steady for a little bit, and we're going to see.
Do I think they're going to drop rates?
No.
They're going to wait to see what happens.
But look what's happening across the country with the banking crisis.
People right now, they're looking at the banking system and they're a little worried because this banking system is crumbling and it feels like history is repeating itself.
Since March of this year, five major global banks have collapsed.
The most recent one to fall, First Republic Bank, became the second largest bank failure in U.S. history.
It folded on the back of a 1930s-style run on its deposits.
After being seized by the federal regulators in May, most of its business was sold to JPMorgan Chase, just like Bayer was 15 years ago.
Now California-based PacWest looks like it could be the next bank to bite the dust, along with six others.
U.S. banks are sitting on 620 billion in unrealized paper losses on government securities.
And as we've seen, those paper losses can become very real when a bank run occurs.
It's like banks are sitting on a financial time bomb.
Trust in the banking system is crumbling right now.
In normal times, banks can navigate some liquidity problems, even if they face paper losses.
But when a lot of depositors take their money out at the same time, these paper losses turn into real ones.
In the case of First Republic Bank, they revealed it had lost more than 40% of its deposits in March.
In dollar terms, deposits plunged by more than $100 billion in the first quarter alone.
U.S. banking deposits as a whole fell $166 billion in the fourth quarter of 2022.
In an average quarter, no single bank has billions of dollars worth of deposits outflows.
In fact, when the economy is doing well, banks don't normally experience net outflows of funds at all.
But that's not what we're seeing across the banking sector.
You see, the banking system, just like the economy, is built on trust.
So when integrity in the banking system is tested, trust starts to crumble.
And that is what we're seeing right now.
I think if we have or when we have another banking crisis, another bank failure, people are going to start to scratch their head and say, okay, what is going on here?
This makes no sense because start to put it all together.
If you're having layoffs and banks are having problems and people are taking their funds out of the banking system, And people are paying more for fuel.
People are paying more for food, for a used car, for rent, for insurance, for homeowners and everything else.
People start to wise up and they start to realize we have a major, major problem here in the economy.
And this is when people start to get worried because they start to see all this.
And I do believe there's a lot of people out there right now that are feeling the crunch.
They're feeling the pain.
And I do believe as time goes on, this is not gonna get better.
It's going to get worse and worse as time goes on, especially when people are losing jobs.
And this is when people are gonna start to really wake up.
Yes, the fake news, the White House and the rest, they can tell you one thing and they can keep repeating it over and over and over.
But in the real world, when people are really experiencing this, Those, that propaganda that they're spouting, it doesn't work.
It's almost like when they said inflation was going to go away.
And in the very beginning, people saw inflation.
They said, well, it's not going away.
And I can feel it.
It's hurting me.
I have less dollars in my pocket.
Now, you could tell me it's going away.
And when it doesn't go away, you could say, well, then it's going to slow.
But again, I feel the pain.
I feel the problem because I didn't have this problem before Biden was in office.
I didn't have the problem with fuel costs.
I didn't have the problem with my job.
I didn't have a problem with things costing way too much.
Actually, what I experienced back then before Biden came in, I experienced that I had more money in my pocket.
I had more money because fuel was brought down, inflation was brought down, and I had more Currency to spend on different things.
And I felt comfortable.
I felt secure.
Now what people are feeling is the opposite.
Each month they're looking at how much they have left and saying, okay, we have a lot less.
I don't feel secure.
I don't feel good about the situation.
When they feel and hear their friends losing their jobs, it's the same thing.
Now, I do believe Trump and the patriots, they wanted everyone to experience this.
They wanted everyone to see how the government, these individuals will lie to you over and over and over, even though you're experiencing something completely different.
As the people experience all this, the people, they will reach the economic precipice and they will push back against the deep state, the central bank of the World Economic Forum.
And I do believe Trump needs the people to reach this certain point so these people fight against the central bank, the World Economic Forum, and where they want to bring us.
And that is the central bank digital currency and that is the Great Reset.
And the only way to have people fight is to actually make them feel uncomfortable.
Make them feel a certain amount of pain.
Because when you're uncomfortable, when you're feeling pain, when you're feeling all of this, you say, well, I don't like the way I'm feeling.
I don't like what's going on here.
Something needs to change, especially when you lose your job.
That's when people say, okay, now is enough is enough.
Because now we're having major problems.
Just go back to 2008, 2009, 2010.
Remember how many people lost their homes?
Remember how people lost their jobs?
Well, people were brought to the precipice.
People were out there and they were very, very angry.
They were picketing against the banking system.
They were screaming at Obama, do something.
People were very angry back then because they hit the precipice.
They had nothing else to lose.
And I do believe this is what Trump is doing, and he's going to bring the people to the precipice so he has them behind him to actually remove the central bank because the people are going to say, listen, Congress, you need to do something.
Look at the situation we're in.
Who caused this?
What's going on?
There needs to be an investigation.
We need to act now.
And this will push the House to do something.
It will push the Senate to do something.
Because the people are screaming and yelling.
People are unemployed and they need to get to the bottom of this.
And I do believe this is exactly when we might see some type of audit, some type of an investigation of the Federal Reserve, maybe an investigation of the Treasury Department.
I mean, think about what's happening right now.
There's an investigation going on with the FBI, with the Department of Justice, because people are seeing the truth of the matter.
Well, I do believe this is going to be shifted towards the Federal Reserve, which is not even part of the government, by the way.
It's a private corporation that just creates currency for us by pushing a button and it's created out of thin air.
And we need to look at the Treasury to see what the Treasury has been doing.
And I do believe with this crisis, this will push everyone to do this because once you're pushed against the wall, Everyone pushes forward, not backwards.
They push forward because they have nothing left to lose.
And they want someone to do something.
And I do believe Trump and the Patriots, they're counting on this, to get rid of the central bank system.
And once we do get rid of the central bank system, the people are going to see an economy that's going to actually...
Accelerate in a good way like we've never seen before.
Because once you move back to sound money, once you move away from the private West Central Bank system, the economy grows very, very quickly.
And I do believe this is why Trump is so confident that he can actually turn things around very, very quickly.
I mean, he was able to work within the central bank illusionary economy.
He was able to bring inflation down.
He was able to bring unemployment down.
He was able to bring the energy costs down.
He was able to actually place tariffs on Europe and China and bring the money back to the farmers.
He was able to negotiate trade deals.
He was able to bring industry back to this country.
And I do believe with Trump just doing one little thing where he's going to drill and make us energy independent, that is going to help many, many people.
And I do believe he will take this to the next level.
And that time is getting closer and closer.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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