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June 20, 2023 - X22 Report
27:22
Ep. 3097a - The Battle Between Economic Systems Is About To Go Into Overdrive
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Hi and welcome you You're listening to the X22 Report.
My name is Dave and this is episode 3097A and today's date is June 20th, 2023 and the title of the episode is The Battle Between the Economic Systems is About to Go Into Overdrive.
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.
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 bio trust partnership with no kids hungry.org order today by going to keto with x22.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 private What's Essential Bank, the World Economic Forum, They are now pushing everything that they have.
The economy is falling apart.
The Eurozone is already in a recession.
Here we can see that what they've been telling us that everything is fine.
We know it's a complete and utter lie.
The entire economic system is breaking down and no one is actually buying the Green New Deal anymore.
And no one's really buying the Great Reset.
The people see the truth.
The people see through all of this.
And they realize they don't want to be controlled.
And they realize that the Green New Deal is not going to benefit them at all.
Because they realize all these predictions and everything that they've been saying for a very long time, none of them have come true.
For example, D.C. Drano put this out and said the following.
Greta Thunberg, and this is a tweet, this is going back to...
June 21st, 2018, she said a top climate scientist is warning that climate change will wipe out all humanity unless we stop using fossil fuels over the next five years.
That was back in 2018.
Here we are.
Is humanity wiped out?
Are we still here?
Every prediction that they continually throw at we the people, it is completely made up.
It's not backed in science whatsoever.
So the World Economic Forum, the central bank, as they try to bring us into the Green New Deal and the Great Reset, they're going to have a major problem because the people are not believing in what they're seeing.
And if the people don't believe it, the people aren't going to go along with what they want.
There's already been polls out there and the people are already starting to realize that the central bank digital currency is not the way to go.
They know that if they went ahead with the central bank digital currency and the people joined in, the central bank, the governments around the world, they would completely control everything that you do.
And the people realize this.
Now, if there was an event, if there was a war, if there was a pandemic like they wanted, yes, their plan would have worked perfectly.
But Trump and the Patriots, they stepped in and they said, you know something?
Let the people see exactly what they're trying to do with the economy, with the currency.
Let them make a decision in the end.
And that's exactly what people are seeing right now.
They're seeing...
Everything play out in real time.
And the only way to get people to think logically is to have them go through it.
And you need to go through the economic system as it breaks down.
You need to see certain individuals lie to you.
And you need to see a truth teller.
This is what everyone is experiencing.
And there is a major, major problem in the central bank strategy.
Yes, they can pretend they're controlling inflation with percentage numbers.
Yes, they can manipulate the calculation.
But when the people are experiencing it in real time, this is a major problem for them, especially with food.
That is a crack in their system, and they're going to have a major problem with this.
So they could tell you that everything's fine.
Don't worry about it.
We got inflation under control.
But when you go buy the things that you actually need, And they're very expensive.
Well, this is going to be a major problem.
And what do they always do?
They always tell you, listen, this is the new normal.
This is what Obama was doing before Trump came into office.
The GDP numbers, the economy, the fuel prices.
This is the new normal.
You might as well just get used to it.
See, when Trump came into the White House, what did he do?
He showed everyone this is not normal.
We don't have to live like this.
I can lower the fuel cost.
All we have to do is make the country energy independent.
And that is really easy to do.
These individuals, they never wanted the country energy independent.
They wanted us always dependent on someone else.
They wanted to destroy this system.
Trump decided, I'm going to build it back up.
I'm going to create jobs.
I'm going to make unemployment very low.
I'm going to make inflation very low.
I'm going to place tariffs on other countries.
I'm going to rework trade deals.
I'm going to bring industry back to this country.
This is what the people saw.
So when Obama said when he was leaving the White House that this is the new normal, you have to get used to it, Well, Trump, he turned the tables on them and said, no, look what we can do.
And he did it while he played in a central bank illusionary economy.
And like I said before, food is going to be a major problem for them.
Genevieve Rochdector put this out on Twitter and she's pointing to an article and it says, RBC report warns high food prices are the new normal and prices will never return to pre-pandemic levels.
She responded to this and says, when food prices go up 20% in a year and inflation slows to 4% in the next year, prices didn't come down at all.
They're still much higher than they were previously.
High prices are the new normal.
So yes, these prices, they're not going to come down because the Fed, they can't control the devaluation of the currency.
As they keep printing and printing and printing, it's out of their hands.
It doesn't matter if they raise the interest rates.
It doesn't matter if they lower the interest rates.
When you devalue the currency, you are screwed.
And this is why, in the end, the deep state players, they wanted...
IRS agents.
They wanted the Gestapo to go after people because it's going to get tougher and tougher for people.
And these people who are controlling the system, they want their money.
They want control over the people.
And what's very interesting is that House Judiciary Committee Chair Jim Jordan, he's demanding an explanation for the IRS as to why one of its agents used a fake name to enter an Ohio woman's home and then told her, Well, this goes completely against the Constitution.
So in a letter sent to the IRS, Jordan revealed that he had recently learned of allegations about an agent going by Bill House showing up at a woman's home in April.
We have recently received allegations that an Internal Revenue Service agent provided a false name to an Ohio taxpayer as part of a deception to gain entry into the taxpayer's home to confront her about her delinquent tax filings.
When the taxpayer rightfully objected to the agent's tactics, the IRS agent insisted that he can go into anyone's house at any time as an IRS agent.
These allegations raise serious concerns about the IRS's commitment to fundamental civil liberties.
So the woman called her attorney who instructed her to tell the agent to leave, but the agent refused to leave, claiming that he could be at her house, anyone's house.
I don't have to leave.
This is a violation of this woman's constitutional rights.
And now Jim Jordan is ordering the IRS to send all documents and communications on the incident to the committee, including all communications between the agency and the Treasury Department or any other executive branch entity, with a deadline of June 30th at 5 p.m.
And this is why they want the 87,000 agents, because actually they're the enforcers.
The IRS was created to be the enforcers of the central bank system.
Remember, And you need to think about it in this way.
If you have a loan shark and they're loaning you money with interest attached and you don't pay up, who do they send after you?
The enforcers.
Now, think of it in terms of the central bank.
The central bank is loaning the government money.
Currency with interest attached.
If the people don't pay their fair share of the payments, who do they send to you?
The enforcers.
And as the economic system breaks down, and as people can't pay their bills because they lost their jobs, because the currency is worth absolutely nothing, What do you think they're going to do with these IRS agents?
Yes, there's many different agendas associated with this.
Yes, it's going to turn into a political nightmare.
But in the beginning, what they're going to do is they're going to use them to force people to pay up or else.
We've seen this in the past.
We've seen it Back in the day when they had the tax collectors come around and they would just take things from you or throw you into prison for not paying up.
We're back to that period of time already.
And you can see that the central bank, the deep state players, they are becoming desperate.
And they know their system's falling apart and they know they need to control the people.
They need the enforcers to go out to collect, to force people to give them everything that you have.
That's why they need all these people because, remember, this system is breaking down.
The new system is being created and we're heading towards a battle between the central bank system and a system that is for the people.
And that system that is for the people, that is going back to the Constitution, where the people create their own currency.
It's not loan to the people.
We create it.
And we are the ones that are in charge of it.
So we don't have to pay it back to a private corporation.
Now we can see the International Monetary Fund, the IMF, they are now working on a platform for a central bank digital currency to enable transactions between countries, which means they're moving forward with the CBDC, which we all knew.
We all knew that they weren't going to stop if anyone thought, oh, they're just going to back off.
No, they're going to move at lightning speed as the system breaks down to introduce the central bank digital currency.
The whole point of this is for the people to see the truth It's for the people to see and make a logical decision when the time comes You need to understand what this is all about.
You need to understand what type of control they have over you.
You need to understand that this doesn't benefit you.
And you need to understand who is destroying this economic system.
And I think the people are starting to realize this because when you look at the poll numbers, they realize that it's the Biden administration, Obama in the basement.
They realize it's the Treasury Secretary who used to be the head of the Fed.
And then we have the Fed.
Which is the central bank system.
And the people already see this.
But we can see that gold and I do believe Bitcoin, I think both of them, are going to have a role in the new economic system.
And what's very interesting is you can see the deep state players are continually saying Bitcoin is no good.
See, Bitcoin, this is a major, major problem for them.
Because remember, if they're introducing the central bank to the currency and it's going to be on the blockchain.
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.
What else is on the blockchain?
Bitcoin.
Bitcoin is a problem for them.
Now, both of them aren't the same.
Bitcoin is decentralized.
There's no entity that completely controls it.
It's decentralized around the world.
The central bank digital currency, who creates that?
The central bank.
They're in control of it.
They can turn it on, turn it off.
Bitcoin is controlled by many, many people across the globe and they mine it.
Can someone just turn it on and turn it off?
No.
That is the difference and this is why they've been going after cryptocurrency and this is why they're going to push it down.
Before cryptocurrency, What did they do?
They used gold and every time their system fell apart, which it always has been, they would manipulate it, use the paper market to do what?
Push it down.
Actually, if you remember Benacki out there, he continually told everyone and told Ron Paul that gold is just a barbarous relic.
It's not really money.
We really don't consider it money.
And yeah, you can use it for jewelry and things like that, but there's no reason to have it.
They convinced the people that To move away from it.
They're doing the same thing with Bitcoin.
There is absolutely no difference whatsoever.
But Bitcoin Magazine put out something very interesting and it's an article about energy.
Because remember, they've been telling us, oh, we're going into the Green New Deal and Bitcoin uses a lot of energy.
That's why we can't use Bitcoin.
But you need to think of Bitcoin in a different way.
Bitcoin is actually a store of energy, and that changes everything.
Time and time again, we see the mainstream media taking advantage of Bitcoin's perceived exploit energy consumption for the Bitcoin network.
This path has become all too familiar.
Bitcoin's energy consumption plays a role too, so big of a role that it significantly impacts not just the price of Bitcoin, but its regulatory framework as well, for better or for worse.
This really can't be argued.
But what if Bitcoin's energy consumption was actually a good thing?
What if Bitcoin functioned as a store of energy that provides a superior alternative to any monetary system we've ever seen?
The concept of energy-backed currency is not as radical or novel as people may think.
It has been around for more than a century, but the necessary conditions, technology, did not yet exist to facilitate such a game-changing development for civilization.
The technology now exists.
However, it's called Bitcoin.
Just let me explain here.
The evolution of human civilization largely centers upon the resolution of one key question.
How do we appraise the true value of goods and services?
How do we ensure that both parties are duly rewarded for the energy they've invested their life energy in producing the product or service they're selling?
This concept of life energy refers to the time, effort and creative energy that individuals pour into their work.
Every human has a finite time span that they can convert into tangible productive output, a measurable form of energy.
But this system of bartering life energy isn't appropriately accounted for.
Rather, external factors heavily influence the value of a product or service, frequently to the detriment of the life energy devoted to its production.
The Roman Empire built itself in economic efficiency by minimizing money friction.
Its blood was the denarius currency, molded out of the limited supply of precious metals.
The limited nature of the denarius allowed it for it to serve as a store of value.
Concurrently, the denarius portability as a store of value allowed it to spread across every corner of the empire, easily transported and traded by various merchants.
The economic circulatory system overflowed with energy as the friction within the exchange of goods and services was minimized negatively.
New specialized labor markets could form which increased productivity and innovation.
All was good.
The Roman civilization achieved a commodity currency which facilitated economic expansion.
Such a standardized currency portable and limited as it was stored and efficiently captured Roman energy into productivity and economic growth.
Until it didn't.
By decree.
As each Roman emperor desired to expand more energy than the currency allowed, they started to erode the denarius' store of value.
The denarius remained portable and fungible, yet it began to falter in its ability to accurately represent people's life's energy outputs.
The silver content of each denarius became smaller and smaller, eroding the currency's ability to maintain value and ultimately purchasing power.
Today, we understand this as inflation.
With each currency debasement cycle, people lost confidence that their life's energy output was properly measured, quite similar to what's happening today.
The United States is in a peculiar historic position in which it can export domestic inflation that thanks to the status of the dollar as the global reserve currency.
Therefore, wages can keep growing at inflationary pace.
But as debt ceilings have become debt ladders, no one knows for sure how long this will be sustainable.
And it is definitely not sustainable in many other countries with double and even triple digit inflation rates.
So what happens?
What needs to be fixed?
So, patterns that we can observe right today Well, we can observe what happened in history.
First, to properly measure life's energy output, the gauge needs to be fungible and standardized, facilitating a feasible calculation of the value of non-fungible goods and services.
Second, the gauge needs to be simultaneously store value and be portable.
These baseline elements provide people with the tool to accurately transform their limited time and energy, life energy, into a productive, well-compensated energy output.
When we look at all modern fiat currencies, their stores of value rest on shaky grounds.
The problem is central banks have replaced emperors, but their decrees are no less disruptive.
At a fundamental level, the exchange of funds between employers and employees is the exchange of energy.
That energy's current is provided through currency, and it's entirely controlled by central banks.
Central banks possess the authority to modify that energy current over time, echoing the practices of ancient Roman emperors.
The biggest influence on currency store value is its supply and issuance schedule.
Central banks and Roman emperors alike have had a tendency to radically change available supply, negatively impacting this attribute.
In turn, this negatively impacts people's ability to capitalize on the expended energy.
From bartering and commodities, the metal coins and fiat paper currency, history's monetary experience have delivered actionable conclusions.
Alongside portability, maintaining the integrity of the currency's store of value is of the utmost importance.
For this to be achievable, it must not rely on arbitrary decrees.
And this is precisely the revolution Satoshi Nakamoto brought with his Bitcoin white paper.
The trust must be removed from the centralized entities, which have complete control over the monetary system and the ability for individuals to capitalize on their expended energy through labor, an electronic payment system based on cryptographic proof instead of trust.
The question then shifts to how do we secure that new component of trust?
Past intellectuals have argued for backing money with units of energy, namely in John Maynard Keynes' lectures of 1912 to 1913, which provided the intellectual framework for means of measuring money in terms of units of electrical energy.
We had Henry Ford.
He actually proposed an energy currency in 1921 called Units of Power, generated from the world's largest power plant.
He said this was going to solve the problem of the international banking group to which we have grown so accustomed that we think there is no other desirable standard.
The problem with that is that the power plants, they are centralized.
In the case of Bitcoin, That new component of trust is secured through energy.
Bitcoin is not only portable, but digitally portable, complementing our digital error.
It's not merely scarce, but its scarcity is defined in an energy-agnostic way.
This links back to Ford's dream of an energy-backed currency, but with fundamental difference.
Ford's envisioned energy currency tied to the world's largest power plant would have been susceptible to vulnerabilities associated with centralization, cyber attacks, and many other things.
In contrast, Bitcoin leverages energy from any source available.
The decentralized nature of computing power creates a resilient and robust system.
It is through this energy itself that Bitcoin network secures this new component of trust.
Cryptographic proof.
In this light, it is no coincidence that Michael Saylor paints this vision of Bitcoin as a solution to the problem of how to store energy over time and across space.
According to recent polls, for example, 76% of investors want Bitcoin to be more environmentally friendly, which misses the mark when it comes to the relationship between Bitcoin's energy use, or in other words, it means of securing the network and our ability to effectively capitalize on the life energy we devote. it means of securing the network and our ability to With its distinctive ability to store and transfer energy, the Bitcoin network fixes this dilemma.
Not only is the network secured by energy, but it has the potential to effectively enable individuals to properly capitalize on the use of their life energy.
This means Bitcoin has already ventured into the unprecedented territory of an energy currency, not just for the benefit of the individual, but of society at large.
And I do believe that with Bitcoin, yes, this is a decentralized system that everyone can use electronically.
We are in the electronic age.
Does gold have a place in the new system of Bitcoin?
Of course it does.
Gold builds confidence.
Gold is a store of wealth.
Actually, if you think about it today, do we have two systems running today?
Well, the central banks, they hold physical gold.
They also put out paper currency, which is then transitioned into digital currency.
So if you really look at it, we have that system today.
The difference is that the central bank controls it all.
It's not decentralized.
And their currency devalues over time, just like in the Roman Empire, because there is a central entity pushing decrees.
Printing more.
With Bitcoin, there is no central entity.
They can't create more of it out of thin air.
Can you create gold out of thin air?
No.
And when you look at Bitcoin and you look at gold, they have that in common.
And this is why the central banks hate them.
Because they can't control it.
Because it's not unlimited.
And that's what the central banks like because they can control everything.
And I do believe what we're seeing right now is a battle between currencies.
And I don't mean the currencies that the central bank has out there, like, oh, the euro and the dollar.
They're in a battle against the yen.
No, I'm talking about a battle between all those central bank fiat currencies and they're battling gold and Bitcoin.
And yet they're going to continually attack it until the very, very end.
But in the end, as people are awake right now, they're going to realize that the fiat currency, the digital fiat currency doesn't benefit them.
And that's what we're witnessing right now.
The inflation part of it, where the people now are going to see how the value of the currency doesn't work.
They could say inflation is at 1%, but when you go to the store, when you go to the pump, when you go to buy anything, you can see how many more pieces of paper you actually need.
And that tells the people everything they need to know.
And in the end, the people are going to have everything that they need to make the final decision.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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