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June 20, 2023 - X22 Report

20:19

Ep. 3096a - EU Enters A Recession, Economic Disaster Is Getting Harder To Hide

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	Music. Music. Music. Music. Music. Music. Music. Music. Music.
	Hello?
	Hi, and welcome you You're listening to the Act 22 Report.
	My name is Dave in this episode 3096A, and today's date is June 19th, 2023, and the title of the episode is, EU enters a recession, economic disaster is getting harder to hide.
	Let's talk about our health.
	Americans' motivation for fitness has never been higher than this summer.
	A shocking 42% of Americans have said they want a beach body.
	This surges to 75% among Generation Z women and 65% among millennial women, many of whom are switching to a keto diet to make it happen.
	What most people don't know, however, is you don't need to follow a keto diet to reach these fitness goals.
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	It is specially formulated with a pure 100% C8, which is the most ketogenic form of MCT oil, to provide weight management benefits such as helping boost metabolism, control appetite, and heighten energy levels even without cutting out all carbs.
	Try it today to receive 51% off free shipping, free VIP live health and fitness coaching for life.
	A free new e-report titled The 14 Ketogenic Foods, a 60-day money-back guarantee.
	Plus, you'll help children, families, and communities live healthier lives with your order through Biotrust Partnership with NoKidsHungry.org.
	Order today by going to KetoWithX22.com or by clicking the link in the description down below.
	Let's get right into the economic collapse financial news.
	Now, the deep state, the corrupt politicians, the world economic forum, the private central bank, they're having a very difficult time now hiding the economic disaster because as things get worse and as the economy implodes, I do believe it's going to be starting out in Europe and it's going to hit the European countries then come back here to the United States.
	I do believe everything that they've been doing, everything that they've been saying, everything that they've been trying is going to fail.
	Because people are going to see through the lies, the people are going to see through everything that they've tried to do, and they're going to start to realize that the economy is breaking down.
	This is exactly what's happening out in Europe right now.
	They're realizing that all this enormous stimulus and everything that they did didn't work.
	And raising their rates didn't control anything.
	Actually, it brought the country and the countries in the Eurozone into a recession.
	And that's exactly what the people are experiencing right now.
	The social programs, they have failed.
	And the stimulus plans, as we know, they failed.
	And we all seem to hear when the recovery is weak, Is that the problem is the normalization of rates, not the inexistence multiplier effect of these giant government plans that leave an unsustainable trail of higher debt and now inflation.
	And we're starting to see the entire economic system completely implode.
	And as the deep state, the central bank, the World Economic Forum, as they push their agenda, this is going to continually break down.
	Just look what's happening with ESG. Remember, ESG is supposed to be a...
	Good for business.
	It's supposed to be incredible.
	Well, it's costing corporations now $28 billion.
	The people now are rejecting everything they're trying to do.
	And everything's starting to fall apart in this economy.
	And what people are starting to notice, they're starting to notice that everything is falling apart and they know who to blame.
	And they can't keep this up.
	Soon, everything that they've been hiding, everything that they've been lying about, it's going to come out into the open.
	Wall Street Silver put this out on Twitter, said the following, oil prices declining have been affecting headline PPI numbers, but that is probably ending.
	Comparisons going forward won't be so easy.
	They can't keep draining the Strategic Petroleum Reserve to artificially affect the inflation data.
	Because the people, they can see the inflation, they can see what's going on, especially when you look at food.
	You see, the central bank, they have a problem controlling food prices.
	They have a problem controlling certain things, and that's where you actually see the cracks in their system.
	And the global central banks, they're badly losing their war against food inflation.
	If we did the calculations for food inflation the way we did it back in 1980, those numbers would be way into the double digits.
	And even with all the massaging that they do to the numbers these days, there are certain categories of food where the official numbers that we have been given actually show double-digit inflation on a yearly basis.
	Look at frozen vegetables, 18%.
	Frozen drinks, 15%.
	Bread, 12%.
	Fats and oils, 11%.
	Candy, 11%.
	Cakes, cookies and cupcakes, 11%.
	Baby food and formula, 10%.
	This is what people are experiencing right now.
	This is what people understand.
	And we can see it's getting worse and worse as time goes on.
	And especially with the debt problem.
	You see, when everyone's looking at the country and everyone's seeing the country continually going into debt, all they need to do is think about their own household.
	All they need to think about is, hey, if my household was in this much debt, would we be able to survive on a 50, 60, 70, $80,000 income if our debt continually moves up and we take on more credit cards to get more debt?
	No, it would be completely impossible.
	And this is exactly what people are starting to see and realize.
	Genevieve Rochdector put this out on Twitter, said the following, U.S. national debt spiked by 572 billion, reaching a record 32 trillion since the debt ceiling was suspended two weeks ago.
	The act signed was called the Fiscal Responsibility Act of 2023.
	You just can't make this stuff up.
	And you really can't because every time you hear these bills, it's always the opposite.
	And when you look at the banking system, it is completely crumbling and they're really not talking about it.
	Genevieve Rokedecker put this out on Twitter and said the following.
	Banks lost a combined $472 billion in deposits last quarter.
	It's been over a year since banks had a net positive inflow of deposits.
	Is this another banking crisis in the making?
	It's starting to seem that way.
	And people, they're taking their funds and they're doing what with them?
	They're looking for other places to put them to keep them safe.
	Some people are purchasing real estate.
	Some people are purchasing gold.
	Some people are putting it into stocks.
	Well, that's kind of risky.
	Some people are putting it into Bitcoin.
	Some people are putting it in other places to protect their wealth.
	And I do believe this is going to continue.
	And the people are going to be looking at the banking system saying, you know something?
	I'm a little weary about what's going on in the system.
	I'm hearing stories.
	So I'm going to take some of my funds out and I'm not going to be putting my deposits in these banks.
	And that's exactly what we're seeing today.
	And I do believe this trend is absolutely going to continue.
	And this is why they've been hitting Bitcoin so hard, because they don't want people to take their money, their currency, and put it into Bitcoin.
	See, gold and silver, they've been controlling that for a very long time.
	And they realize there's many, many people out there that aren't really shifting into gold and silver, because it's a lot easier to electronically shift everything into Bitcoin.
	And this is why they've been attacking Bitcoin like we've never seen before.
	But the other thing that's very interesting, when we get into Bitcoin in just a sec, is that Unusual Whales put this out, and this is about Fed share, and this is what it says.
	Fed Chair Jerome Powell said it will be a couple of years before interest rates are cut.
	Why do they need to continually keep the rates where they are?
	Why do they need to continually push them up?
	Because if they start dropping them at this point, they're going to be in trouble.
	I do believe they're in trouble already, but this time it's a little different.
	I do believe Trump and the Patriots, they set them up, and There is inflation like we've never seen before.
	And they've been trying to control inflation, not with the Federal Reserve, but with the Strategic Petroleum Reserve.
	And they've been trying to control what is going on here.
	So you don't really see the inflation because they're controlling the energy costs and trying to keep it steady right now.
	If the Fed starts to lower their rates at this point, because remember, if you look back at all the other recessions, they weren't really fighting inflation.
	They weren't saying, oh my God, look at inflation, it's 9%.
	They weren't fighting inflation.
	They were doing something completely different.
	This time around, they had to come out from the shadows and they actually had to control inflation.
	That was their main goal.
	That's what they kept saying.
	We're raising rates to control inflation.
	Now, if they started to drop rates, And inflation picks up, well, that's a problem for them.
	So I think what they're doing right now is they're just pausing because they know inflation's going to pick up because everything that they're trying to do, where they're trying to control it with the Strategic Petroleum Reserves, it's not going to last forever.
	And We're going to see everything pick up again.
	And I do believe that is coming.
	Now, the other thing that's very interesting is we can see that the deep state players, the central bank, the World Economic Forum, they're trying to get control of Bitcoin, just like they did with the gold market.
	Let's talk about our health.
	Americans' motivation for fitness has never been higher than this summer.
	A shocking 42% of Americans have said they want a beach body.
	This surges to 75% among Generation Z women and 65% among millennial women, many of whom are switching to a keto diet to make it happen.
	What most people don't know, however, is you don't need to follow a keto diet to reach these fitness goals.
	That's why I highly recommend this amazing keto powder.
	It is one of the most popular keto supplements on the market because it helps give you the benefits of elevated ketones even without following a highly restrictive keto diet.
	It is specially formulated with a pure 100% C8, which is the most ketogenic form of MCT oil, to provide weight management benefits such as helping boost metabolism, control appetite, and heighten energy levels even without cutting out all carbs.
	Try it today to receive 51% off.
	Free shipping, free VIP live health and fitness coaching for life.
	A free new e-report titled The 14 Ketogenic Foods, a 60-day money-back guarantee.
	Plus, you'll help children, families, and communities live healthier lives with your order through Biotrust Partnership with NoKidsHungry.org.
	Order today by going to KetoWithX22.com or by clicking the link in the description down below.
	With the gold market, they started a paper market, and they were able to trade the paper, not the physical gold, the paper, to control the price of gold.
	And it looks like they're trying to do the same exact thing with Bitcoin right now.
	Now, Genevieve Rokedector put this out on Twitter, said the following...
	Bitcoin spot ETFs rejected by the SEC. Grayscale, WisdomTree, VanEck, ARK12 shares, Bitwise.
	But now BlackRock has applied for one.
	Their record of getting ETFs approved is 575 to 1, according to Eric Bolchunas.
	We may finally be getting that Bitcoin spot ETF. Now, let's see if the SEC goes along with this.
	Let's see if they allow them, and I'm talking about BlackRock, let's see if they allow them to go ahead and create an ETF. This is going to be very interesting because this is what they're going to use to try to control what?
	Bitcoin.
	And let's see what happens as this continues on because it's been rejected over and over and over.
	Now, the other thing that's very interesting is remember when the Biden administration told us that, hey, listen, you know, negative GDP, that doesn't mean that we're in a recession.
	And they gave this entire different definition of a recession.
	Well, E.G. Antonio put this out on Twitter and it says the following.
	In four of the last five quarters, gross domestic output has been negative.
	And now this is coming from Yellen.
	Wall Street Silver responded to this and said, last year the Biden administration claimed two quarters of negative GDP didn't mean we're in a recession.
	Their argument was that the other data like GDO, gross domestic output, were still positive.
	We are in a recession based on a definition they used last year.
	And now they're talking about a recession.
	Even though the Fed is letting us know there is no recession, everything is strong.
	This is why they pause the hikes, which means anything that they're saying right now is always the opposite.
	And this is how they trick the public.
	They try to point the finger in other places so they're not responsible for what is going on.
	Now remember, I do believe Trump and the Patriots, they trapped them in all of this because the Fed, they were pushed into raising rates to control the inflation.
	And as they did that, it didn't control the inflation.
	It actually brought us into a recession.
	And the people, in the end, they're going to be blaming the Federal Reserve.
	They're going to be blaming the Biden administration.
	They're going to be blaming the Treasury for this recession, which I do believe we're already in.
	We're actually headed towards a depression.
	And they've been trying to cover all this up.
	But we can see the recession out in the Eurozone right now.
	And I do believe this is going to spread significantly.
	To the United States.
	And they're going to finally have to admit that, yes, we're in a recession.
	Now, of course, they're going to try to blame other people.
	They're probably even going to try to blame the Republicans.
	But I think the American people now see through all of this and everything that they've been trying to do, all their smoke and mirrors and their lies and everything else is going to completely fall apart.
	The people are going to start to realize that they have done absolutely nothing to help the situation.
	Pushing ESG, pushing everything else that they've been doing has actually been hurting the economy.
	And I think that people can see this very, very clearly because when they start to look at the blue states and they start to look at the red states, I do believe the blue states, they're going to start to crumble and fall apart very, very quickly way before the red states.
	And I think we're already starting to see that right now.
	And the people now, they're going to start to realize that they need to protect their wealth one way or another because as everything starts to fall apart and inflation starts to pick up and your money doesn't go as far because they can't control the inflation with food, that's the crack in their system.
	That's what you can recognize.
	First, before anything else.
	And I do believe that because of this crack and because everything has been accelerated, people are recognizing it much quicker than they ever did before.
	Before, it took a very long time.
	People didn't really realize it.
	But now, since everything's been accelerated, people can see it and they can feel it.
	And this is something the Fed, the Biden administration, the Central Bank, the World Economic Forum, this is something that they can't control.
	And they know it.
	So they're in trouble right now, and the walls are actually closing in on them because the entire economic system is completely falling apart, and everything that they've done to try to hide it is now being exposed to the people.
	And as the economy gets worse, people are going to see a lot more of it.
	Which means the people are going to try to protect themselves.
	And I do believe what that means is that the deep state, the central bank, the World Economic Forum, they're going to do an all-out attack on any other type of currency.
	Because remember, as they bring the system down, Trump and the Patriots, they knew the playbook.
	They knew they were going to go down this path.
	They knew they were going to destroy the economy no matter what.
	If Trump was there or wasn't there, this was their plan the entire time.
	So they were going to destroy the system no matter what.
	And Trump, he looked at the playbook with the military behind him and said, listen, if they're going to try to destroy the economy, they control the economy.
	Why don't we allow them to do it on their watch so they're responsible for it?
	And this way we can come in and we can say, you know something?
	Look what they did.
	They destroyed the economy.
	We can actually rebuild it in a completely different way.
	And this is what we have to do.
	And we can see that Trump has already given many, many solutions.
	I do believe he's going to be giving a lot more, especially when we reach that crisis point.
	Once we reach that crisis point, I do believe he's going to talk a lot about the central bank system.
	He's going to talk about currency.
	He's going to talk about Maybe we need to go back to the Constitution.
	Maybe we need to create the currency ourselves.
	Maybe we shouldn't be doing this through the Federal Reserve.
	Maybe it's time to change.
	Now, I don't believe he can just come out and say that because a lot of people, they wouldn't be able to accept this.
	Because they don't understand it.
	So bringing people through a crisis will allow the people to accept what he is saying.
	If he just came out the other day and just said, listen, let's move to a different currency, the people would think he's absolutely crazy.
	But when you see the currency devalue at a rapid, rapid rate and it's worth nothing, That's when people say, you know something, maybe we should go back to the Constitution.
	Maybe we should go back to the gold standard.
	Maybe we should move in that direction.
	And I do believe that's what he's using this crisis for.
	Now, of course, the deep state players, the Central Bank, the World Economic Forum, they're using this to bring us into the Central Bank digital currency.
	And I do believe this is going to be the battle of currencies.
	Not between the central bank currencies around the world.
	It's going to be the battle of currencies between we the people, the people's currency and the central bank currency.
	But I do believe Trump, as he follows in the footsteps of Andrew Jackson, Since he has the people behind him, I do believe Trump will be able to show the people the absolute truth and the people will believe him and move in the direction of where we, the people, create our own currency.
	And there's nothing the central bank can do about this, just like with Andrew Jackson.
	The people were with or behind Andrew Jackson and he went ahead and he campaigned on getting rid of the central bank system.
	And when the time came, that's exactly what he did.
	Now remember, the American population today is very different than when Andrew Jackson was in office.
	The people have been asleep and don't understand the central bank system, don't understand what the Federal Reserve really is.
	A lot of people do now, but there's a lot of people that don't really recognize what it is.
	And we've been brainwashed since 1913.
	And people have been raised in this system, a central bank illusionary system.
	So to teach people and to make them understand, you need to show them.
	You need to show how their currency devalues rapidly when we're in a crisis.
	Where it's worth absolutely nothing.
	And at that point, that's when people will say, we need to do something.
	We need to make a move.
	This currency doesn't work.
	Why am I paying $70 for a loaf of bread?
	It makes no sense.
	Something is broken.
	And that's what Trump is going to use to push us away from the central bank.
	And the people are going to agree with him.
	Listen everyone, thanks a lot for listening.
	Be well, be safe, and especially be prepared.

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