All Episodes
Previous Next
June 28, 2023 - X22 Report
20:19
Ep. 3104a - Recession Not Being Forecasted By The Fed, Translation: Recession Incoming
| Copy link to current segment

Time Text
Welcome to the episode of the Cinecraft Podcast.
Welcome to the Cinecraft Podcast.
You're listening to The X22 Report.
My name is Dave, and this is episode 3104A, and today's date is June 28th, 2023, and the title of the episode is Recession Not Being Forecasted by the Fed.
Translation, Recession Incoming.
Talk about being prepared.
A new study reveals two-thirds of Americans could experience power outages and blackouts this summer during boiling heat waves.
The likelihood of these power outages are amplified by rising pollution, extreme weather events, unprecedented heat waves, devastating floods, and energy shortages.
What's worse is an extended power outage.
has never been more likely due to the fact that blackouts caused by severe weather storms have doubled.
This is why I highly recommend grabbing a light bug before these power outages strike.
The light bug is an ultra-bright, portable floodlight that illuminates a space outdoors or indoors in virtually any environment.
It performs excellent in low-light situations and uses solar energy for its floodlight and power bank, making it the perfect choice for off-grid living.
The Lightbug features 90% energy savings compared to halogen lamp, floodlights, solar power, a charging bank for mobile devices, adjustable bracket, battery indicator, a built-in rechargeable battery, and much, much more.
It's excellent for low-light situations including emergencies, car repairs, fishing, camping, and night markets.
Get the Lightbug for 15% off, along with several free bonuses, including express free shipping, access to Pepper Peak's exclusive newsletter, 100% lifetime guarantee replacement, and much, much more.
For a limited time only, by using the promo code SUMMER at checkout, order now by going to lightbug.com, that is lightbug.com, or click the link down below in the description.
Let's get right into the economic collapse financial news.
Now, the deep state, the corrupt politicians, the private Western Central Bank, the World Economic Forum, their entire push for the Green New Deal is now taking its toll on the people of this world.
And the people are starting to realize that we cannot move to electric vehicles.
We cannot survive on windmills.
We cannot survive with solar panels.
We cannot have it the way they want it.
And the people are standing tall and fighting back.
It's almost like if you go back During the period of time when they tried to push the vaccine passports, and the people thought, holy crap, look, they're doing it, that's it, we're all gonna have to have IDs, we're all gonna have to get the bioweapon.
And then all of a sudden, people around the world started to figure out what was really going on, and the people started to protest, the people started to push back, and the people started to realize that what they were trying to do was not going to benefit them whatsoever.
The same thing goes with the Green New Deal.
The same thing goes with the Great Reset.
And what people now are seeing, they're seeing that what they are pushing does not work.
So what are the people doing?
They're saying we're just not gonna purchase the electric vehicles.
They're saying that we're not going to abide by what you want us to do.
We're going to push back.
And you know when the people are gonna really push back?
When the world implodes on itself economically.
Because remember, There are certain individuals like the Fed and other central banks telling everyone that everything is fine.
Oh, by the way, if you see inflation, that's climate change.
That's the problem there.
Everyone knows that this is a lie.
And everyone's realizing that these people have been lying to them from the very, very beginning.
And we have the Fed, the Fed chair, He's letting us know that, hey, there might be a possibility of a recession, but I don't think that's going to happen, which means that, yes, we are heading into a recession.
Go back to when Bernanke came out in 2008, and this was the beginning of that year.
He let everyone know They're not forecasting any type of recession anytime soon.
It seems like the housing market is starting to stabilize.
The economy is stabilizing.
And then as we went throughout that year, everything just started to fall apart.
And then by the time we hit like October, the market fell apart and the real estate market fell apart.
Credit started to freeze up.
Layoffs were happening like we've never seen before, and the whole thing just completely imploded on itself.
Well, it seems like they're doing the same thing once again, and I do believe that this is going to backfire on them, just like everything else.
But let's look out in Germany because once again, their entire push into the Green New Deal is completely falling apart.
The German newspaper Nordwest Zeitung reports Volkswagen has temporarily reduced the production of electric vehicles at one of its plants.
Why?
Because the sales are weakening.
The people aren't buying what they're selling, literally.
And when you look at the stats, the EV demand is 30% below planned production figures.
This might be the beginning of the EV demand starting to crack right now because the people are starting to realize that these automobiles, they don't work the way they were told they were going to work it.
It's almost like getting the vaccine when they said it was going to stop transmission.
It was going to stop you from getting COVID and people took it and they started to realize it doesn't do what they said it was going to do.
Same thing with the electric vehicles.
People were purchasing them, and people started to realize, hey, they're not actually performing the way they said they were going to perform.
Charging takes a very long time, and it's not working.
And a lot of people are returning their electric vehicles.
Plus, they're very, very expensive.
Now, the other thing that's very interesting is that we can see, and we mentioned this before, they're cutting 1,000 jobs after agreeing to shift focus to electric vehicles.
So out in Germany, If sales are dropping for electric vehicles, what do you think is going to happen here in the United States?
The same thing, especially when the economy is imploding.
Do you think people are going to say, hey, I just lost my job.
Let me go get a $100,000 electric vehicle.
Hey, I'm not getting a raise or a bonus.
Let me go get an electric vehicle.
Hey, inflation's picking up.
You know something?
Let me go get that $100,000 electric vehicle.
No, people are going to say, I'm not doing it.
And that's exactly what we're seeing.
And the other thing that's very interesting is that a study has come out saying that heavy electric vehicles cause twice the road damage than the petro equivalents.
Now, this is coming from the UK. Impact is even bigger
with larger EVs, which can lead up to 2.32 times more damage to road infrastructure.
The increased weight of EVs can be primarily attributed to their heavy batteries, which can weigh up to 500 kilograms.
And here in the United States, they're seeing the same exact thing.
Now, when we think about what they're trying to do, where they want to tax you on the mileage of the electric cars for road repair, it's all starting to make sense.
So basically, they want you to drive an electric vehicle.
All you're doing is shifting everything to the coal plants, the gas plants, and you're shifting everything that the car used to do over to those plants so you're really not making the world greener.
Then the electric vehicles destroy the roads so they want to tax you to pay for that.
I mean, really start to think about this.
It's absolutely unbelievable.
And when the economy continually falls apart, what other taxes are they going to implement to make you pay for these things?
Because look, the economy is falling apart.
And we know already that Macron's out there saying, listen, we need an international tax.
They want an electric car tax on miles.
And believe me, it's not just going to be the electric cars.
They're going to want to tax everyone for everything.
Remember, in the end, what do they really want to do?
They want to place a carbon tax on every single person.
I guess that whole conspiracy is actually coming true.
But as the economy falls apart, you can see that certain sectors are really struggling right now.
When you look at Airbnbs, they have collapsed, and the collapse is real.
Nick Gurley put this out and said, Revenues are down nearly 50% in cities like Phoenix and Austin.
Watch out for a wave of force selling from Airbnb owners later this year in the areas hit hardest by the revenue.
And when you start to look, you can see states like Arizona, Austin, Texas, they're down by negative 47, negative 46%.
And when you look across the board, it is a complete and utter disaster.
Now the other thing that's very interesting is that we can see the fake news.
Let's talk about being prepared.
A new study reveals two-thirds of Americans could experience power outages and blackouts this summer during boiling heat waves.
The likelihood of these power outages are amplified by rising pollution, extreme weather events, unprecedented heat waves, devastating floods, and energy shortages.
What's worse is an extended power outage has never been more likely due to the fact that blackouts caused by severe weather storms have doubled.
This is why I highly recommend grabbing a Lightbug before these power outages strike.
The Lightbug is an ultra-bright portable floodlight that illuminates a space outdoors or indoors in virtually any environment.
It performs excellent in low-light situations and uses solar energy for its floodlight and power bank, making it the perfect choice for off-grid living.
The Lightbug features 90% energy savings compared to halogen lamp floodlights, solar power, a charging bank for mobile devices, adjustable bracket, battery indicator, a built-in rechargeable battery, and much, much more.
It's excellent for low-light situations including emergencies, car repairs, We're good to go.
In the end, this whole thing is going to come tumbling down upon him because they are using this to say the economy is doing well.
It's strong.
Look what happened since COVID. We're able to come back and build back better.
Basically, what really happened is they rebounded off of Trump.
Trump created the jobs.
The jobs just came back to the same place that they were.
Actually, we lost about three million or so, and we're losing even more right now.
And the economy right now, because of what the Fed has been doing, and they've been trapped in this, Because Trump, the patriots, they knew that they were going to push stimulus.
They were going to print and print and print, which means you were going to see inflation, which is the devaluation of the currency.
And they knew that if we could push the Fed in this direction, they would have to raise rates.
What happens when you raise rates?
It brings the system to its knees.
It's going to crash it.
So before we get to that point, the economy looks like, hey, look, everything's under control.
But you can see it is not because we have layoffs now.
Airbnb, they're struggling.
We're starting to see the EV market start to fall apart.
And as they push the Green New Deal, it actually destroys the economy.
And you're starting to see this out in California, starting to see this in New York, and as they continually push and push and push, it's going to destroy it all.
And everything's going to come back onto Biden.
And you could see already that we're heading towards a major recession.
Right now, HSBC is saying that the U.S. economy may contract as soon as this year.
So they're projecting...
That Western Europe countries are going to face a downturn as soon as next year.
U.S. is projected to enter recession in the fourth quarter of 2023.
Then we have the Federal Reserve Economist.
This individual just warned of a historic surge in the percentage of distressed American companies could worsen the fallout from the U.S. central bank's fight against inflation.
So right now, there's around 37% of firms that are in major trouble, which could worsen as the rates are continually pushed up higher and higher and higher.
And when we start to look at this, the share of non-financial firms in financial distress has reached a level that is higher than during most previous tightening episodes since the 1970s.
And that is absolutely interesting.
But remember, they're not going to admit that, hey, we're in a recession.
The recession's coming.
They always tell you that the economy's strong.
Everything's going to be okay.
We're not predicting a recession.
We're not heading in that direction.
It could happen, but we're not heading in that direction.
And actually, Fed Powell was out there letting everyone know that a recession is not the most likely case.
Sounds very, very familiar to Ben Bernanke, who said, we're not predicting a recession in 2008.
And in 2008, the latter part of that year, all of a sudden, everything completely fell apart.
Take a listen to what he said.
In my view, the least unlikely case is that we do find our way to better balance without a really severe downturn.
I think there's a significant probability that there will be a downturn as well, but it's not to me the most likely case.
That's the hard landing scenario.
Or just to say, I wasn't even thinking hard landing, I was thinking even a recession.
To me, it's not the most likely case, but it's possible.
So many forecasters do predict that.
So if we translate what he says, because if you really listen to him, he's letting you know that other people are predicting a recession.
Basically, what's going to happen is we're going to head into a deep, deep recession.
The entire system is going to fall apart.
There is no difference than what they were trying to do to Trump back in 2019.
They started to raise their rates.
Trump knew that if you start to raise the rates, it was going to destroy the economy.
That's what they were trying to do back then.
Trump called them on it.
They started to reverse.
Now, here we are.
They had no choice but to raise the rates because people saw inflation.
The Fed had to do something to show everyone we can control inflation.
But can they really control inflation?
No.
They were using the strategic petroleum reserves to keep the fuel prices down, which is energy inflation.
And they haven't really controlled anything because what can people see?
They can see the cost of used cars.
They can see the cost of homes.
They can see the cost of food.
They can see the cost of energy.
It's very, very expensive compared to when Trump was in the White House.
It's almost double.
So people, or even two and a half times, so people can see this very, very clearly.
So basically, they couldn't control inflation.
All they did was, okay, here we are.
We told everyone we're heading into the Great Reset.
We had the pandemic.
We have complete and utter control.
Let's do it.
Let's bring down the economic system in a controlled way, and let's bring everyone into the Great Reset.
Once they started this, they couldn't stop, and they had different cover stories.
Oh, we're doing it for inflation.
That's why we're raising the rates.
Don't worry, the economy's doing well.
They actually thought inflation was just going to go away.
They thought they had it all controlled, but they didn't.
They lost control because they started everything down the path and they didn't realize what Trump and the patriots have set up and think about all the things that Trump set up where they're expiring and it's causing harm to the economy unless they renew it.
Do you think they're going to renew it?
Absolutely not.
So right now, we are, I do believe, in a recession.
They're not going to admit it.
But when the recession gets even deeper, that's when the people are going to say, oh, yeah, by the way, we're in a recession.
And how do people normally know we're in a recession?
Well, the fake news, the Fed and the rest, what do they wait for?
They wait for the market to crash.
Actually, that is the last indicator that we're in a recession.
I mean, if you go back to 2008, the market crashed in October.
We were in a recession way before that.
There were people getting laid off.
People were losing their homes.
The entire system was breaking down.
People just noticed it.
In October, the same thing's happening right now.
And this is why you have HSBC. This is why you have other economists.
This is why they're saying, yeah, when we start to look at this and we step back for a sec, we can see that the entire system is crashing.
Challenger Grain Christmas, they're letting everyone know we have very similar layoffs than what we had back in 2008-2009.
I mean, we're already going down that path.
And I do believe with Fed Chair out there saying this, well, the recession is now confirmed.
And by the end of this year, probably in the beginning of next year, we're going to see the recession rear its ugly head.
Now, really think about it.
Going into a presidential election, how is this going to help the Biden administration when everything starts to crash?
It's going to be a complete and utter disaster.
It seems like it might be time for a specific point in time, if you really think about it.
I mean, The Deep State, the Central Bank, the World Economic Forum, they were bringing us into the Great Reset no matter what.
They were going to destroy this economy no matter what.
Trump and the Patriots said, listen, if you're going to do it, might as well do it on your watch and all optics are pointing to you.
And when you do it, everyone will know who is to blame.
Plus, I can use this as leverage in the elections coming up.
No matter who you bring in, the economic system is completely destroyed and people are going to blame who?
The D party.
So even if...
Biden isn't running.
Whoever takes his place, well, they're going to be blamed because they're part of the same exact group.
And Trump, I do believe, is going to be using this as his leverage.
And once the crisis hits and it keeps getting worse and worse and worse, the people are very angry and pissed off and they're pointing the finger at the Treasury, at the Fed, at the Biden administration.
Trump, the patriots during that election cycle going into the new election.
And remember, Trump always does to them what they were trying to do to him.
They were trying to crash the economy during the presidential election.
Well, Trump right now is has turned the tables and now he is doing it to them.
And he's going to use this to usher in the solutions to show people we can do better.
We can make the economy great.
And it won't take that long.
All you got to do is elect me.
You can either have this crashing economy and these people that cause it, or you can vote for me and I can actually make this economy incredible.
And he's not just going to make it by just lowering the inflation, making the country energy independent.
I do believe he's going directly at the central bank and he's going to use this crisis to actually Take it, bring it into the Treasury, restructure it, and I do believe we're going to be going back to the Constitution where we're going to be using sound money.
And once that happens, a lot of the corruption we see today, a lot of the things that we see today in Congress completely disappears.
They just don't have an open credit card to spend and spend and spend, which means their entire apparatus completely implodes on itself.
Listen, everyone.
Thanks a lot for listening.
Be well, be safe, and especially be prepared.
▲
Export Selection