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June 30, 2023 - X22 Report
14:40
Ep. 3106a - Another Blow To The [DS]/[CB], SEC Pushes Back On Bank Bitcoin ETFs
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Thank you.
Thank you.
Hi and welcoming.
You're listening to the X22 Report.
My name is Dave and this is episode 3106A and today's date is June 30th, 2023 and the thought of the episode is another blow to the deep state central bank.
The SEC pushes back on bank Bitcoin ETFs.
Let's talk about being prepared.
The rising cost of food and housing is hard enough on American walls.
Now, a shocking report states rising electricity costs has nearly 20 million households behind on the utility bills, too, up from 17.6 million a year earlier.
The average electricity bill this summer is forecasted to be $529, up from 517 last year and 445 two years ago.
What's worse is there's less federal help than ever before.
This is why I highly recommend grabbing the Airblast Pro to fight the rising cost of electricity bills.
The Airblast Pro is a portable AC unit that sits on your desk and helps make any room icy cold within minutes.
It's a two-in-one fan that hangs in tents, on trees, at job sites, or in cars, making it a perfect travel or camping companion.
The Airblast Pro has a battery that lasts up to 25 hours and has an ultra-quiet 30-decibel blades that won't wake you up when you're sleeping.
If you want to have an upper hand on money-hungry electricity companies, grab this today.
Get the Airblast Pro for up to 66% off, along with several free bonuses, including express shipping, access to Prepper Speak exclusive newsletter, 100% lifetime guarantee replacement, and much, much more.
Order now by going to airblastpro.com, that's airblastpro.com, or by visiting 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 Western Central Bank, the World Economic Forum, every push they make, everything that they're trying to do is completely backfiring on them.
And it's going to continue to backfire on them because they are not in control.
Trump, the patriots have brought them down this path.
And every single time they make a move, they feel pain because every time they tell the public they're going to do something or something's going to happen, it's always reversed on them.
And when they tell you everything's going to be OK, the economy is perfect, the banks aren't going to fail.
Well, that is going to be turned on them, too.
And it's very interesting because the Federal Reserve just did a stress test on all the banks.
And the problem is the banks are not sound.
Actually, Wall Street Silver put this out and said, many large regional banks are now at risk of failure due to commercial real estate loans going bad and credit card defaults soaring in recession.
And there's a lot of red flags that are being waived right now because of these stress tests, because they don't stress the banks on every single aspect.
They only say, okay, what happens if inflation goes up?
What happens if the interest rates go up?
Oh, look, the banks, they're perfect.
But there are other things that are happening in the economy which is going to bring the entire system down.
Listen, they told us back in 2008, they're not predicting a recession.
Everything is great.
Real estate market, that is now strong.
The banks are strong.
Everything is fine.
Don't worry about it.
And as we know, whatever they're saying, it's always the opposite.
I mean, look what's happening with the student loan bailout program.
Biden, when he was running for the presidential election, he was letting everyone know, hey, we're going to cancel your loan debt.
Don't worry, we have the ability to do it.
We're going to kill.
He actually even went ahead and canceled 400 billion in student loans, which turns out to be 10,000 in student debt for borrowers who earn 125,000 a year or less and up to 20,000 of recipients of Pell Grants.
And now the Supreme Court came out and said, dude, you can't be doing this.
You don't have the ability to do this.
You don't have the authority to just cancel student loan debt.
So all these individuals right now, they're thinking, wait a minute, he promised this.
Now he's going back on his word.
Now, of course, what is he going to do?
He's going to say, well, this is because of the Supreme Court.
This is because...
Of the Republicans.
Those are the individuals that we have to blame.
I was canceling everything and then all of a sudden the Supreme Court ruled against me and the Republicans who are in the Supreme Court, they're the ones who push back because they're conservatives.
So he says right now, well, because they did this, we're not going to listen to the Supreme Court.
What we're going to do, we're going to come up with a different plan, which he hasn't announced yet, which he'll probably announce any day, which he's going to go around what the Supreme Court is doing.
Now, think about this.
We have the resident doing this.
We have governors doing this.
We have mayors doing this.
We have all these individuals that are continually going against the Constitution.
They don't follow the rule of law.
The people can see this and it's becoming clearer and clearer every single day.
So he's out there letting everyone know he's going to have this big announcement on a new plan on student loans and he's going to let everyone know what this is.
Will Chamberlain responded to all this and said, you knew it was unlawful when you signed the executive order.
And he did.
They knowingly went against the Constitution.
And all those people who had their student loan canceled where they didn't have to pay it back, you know, the $400 billion, well, they're going to have to start paying that back now.
You think these people are going to be very angry?
Yes, the D's, where are they going to try to focus that anger?
They're going to try to focus that anger on the Supreme Court.
They're going to try to focus that anger on the Republicans.
They're going to try to focus all of this everywhere but themselves.
But there's a problem.
Because the Supreme Court, they cited Nancy Pelosi on the student loan case.
And this is what it says.
546 U.S. Section 243, 267 to 268, 2006.
As then Speaker of the House Nancy Pelosi explained, people think that the President of the United States has the power for debt forgiveness.
He does not.
He can postpone.
He can delay.
But he does not have the power.
That has to be an act of Congress.
And she's absolutely right.
And remember, Right there, she told everyone the president doesn't have that power.
So the resident that is in the White House, he doesn't know this?
Of course he does.
Who's to blame?
Let's talk about being prepared.
The rising cost of food and housing is hard enough on American wallets.
Now, a shocking report states rising electricity costs has nearly 20 million households behind on the utility bills, too, up from 17.6 million a year earlier.
The average electricity bill this summer is forecasted to be $529, up from 517 last year and 445 two years ago.
What's worse is there's less federal help than ever before.
This is why I highly recommend grabbing the Air Blast Pro to fight the rising cost of electricity bills.
The Air Blast Pro is a portable AC unit that sits on your desk and helps make any room icy cold within minutes.
It's a two-in-one fan that hangs in tents, on trees, at job sites, or in cars, making it a perfect travel or camping companion.
The Air Blast Pro has a battery that lasts up to 25 hours and has an ultra-quiet 30-decibel blades that won't wake you up when you're sleeping.
If you want to have an upper hand on money-hungry electricity companies, grab this today.
Get the Air Blast Pro for up to 66% off, along with several free bonuses, including express shipping, access to Perpets Peak exclusive newsletter, 100% lifetime guarantee replacement, and much, much more.
Order now by going to airblastpro.com, that's airblastpro.com, or by visiting the link in the description down below.
Well, if Nancy Pelosi is telling you that Congress only has the authority, the resident knew this, he lied to all these people.
The people now are going to say, whoa, wait a minute.
You lied to us.
You told us that this was a campaign promise.
You have the ability to do it.
And I can just do it.
And you actually canceled the loans knowing that this was completely unconstitutional because the entire time Congress has the authority to do this and they're the only ones that can do it.
So the people of this country, those younger generation individuals, they are going to get angry at the D's.
It is all falling apart on them.
And it's getting worse and worse as every day that passes.
And as the economy implodes and these people are stuck with these huge student loan bills, what are they going to do?
Well, I have to get a job, but I can't get a job because, wait, I'm stuck in the Biden economy.
He told me the economy was great, but now I have these payments.
Now I'm defaulting.
My credit is being ruined.
What am I going to do?
Everyone is going to turn on them.
Now, of course, what they're going to try to do is they're going to try to blame everyone else.
This is exactly what they do.
But we could see already with inflation, with higher fuel costs, with the layoffs, with everything that's hitting at once, it's going to be a complete and utter disaster.
And we could see that the World Economic Forum, the central bank system, they're having a very difficult time.
Because remember, they need everyone away from gold.
They need everyone away from Bitcoin.
They need everyone focused on central bank digital currency.
Period.
The end, that's it.
If you're looking any other place, they don't like it and they're going to continually push back.
Now, their plan...
Was to have all the banks start Bitcoin ETFs.
And we saw there were a lot of financial institutions.
They were applying for this.
But it seems that they ran into a hiccup because now the SEC says that spot Bitcoin ETFs filings are inadequate.
The SEC is telling all of them that you're going to have to resubmit them and you're going to have to explain a lot more.
Bitcoin Magazine put this out and said, according to the Wall Street Journal, the SEC has found the spot ETFs filing lack in info, requesting firms refile with more.
Now, this doesn't mean that they won't get it, but right now there's a hiccup and they can't get the ETFs that they wanted.
And we know why they want the ETFs because they're going to try to control what Bitcoin does, just like they use the paper market to try to control what gold does.
Why would they want to do this at this point?
Why are they so concerned about this?
Because they realize as the economy breaks down and everything starts to spin out of control, the fiat currency is going to lose value and it's going to lose value very, very quickly.
And if they don't control Bitcoin like they control gold, people are going to start to realize and understand that, wait a minute, why is Bitcoin going up in value and the fiat currency, why is that continually losing value?
What is going on here?
And as this gets worse and worse, what's going to happen is that gold, eventually, they're going to lose control of that because people are going to want something that actually protects their wealth.
This is why you saw the article the other day saying, hey, listen, don't even look at gold.
Just a barbarous relic.
It's meaningless.
Look the other way.
They're going to do whatever they possibly can to keep people away from alternative currencies.
But I think in the end, this is not going to work.
Because the people, they're not going to be going towards central bank digital currency.
We've seen a lot of polls already where the people are saying, you know something, we see what they're trying to do here.
We don't want people from a centralized location controlling what we can or cannot spend.
And I do believe in the end that people are going to push back like we've never seen before.
And the economy, as it breaks apart, as we move into the later part of 2023, moving into 2024, this is when people are going to start to realize there are major, major problems.
Because remember, Biden is out there, the Fed is out there, the Treasury is out there telling everyone that everything's going to be fine.
That everything's perfect.
The economy's strong.
Look, it's bouncing back.
And when it starts to implode, people are going to see something completely different.
And I do believe what's going to happen is we're going to see an additional bank crisis rear its ugly head.
And this is going to be a signal to many, many people letting them know that things aren't okay.
Because remember, the Fed was out there.
The Treasury was out there.
Biden was out there saying the banking crisis is over.
Well, once we see another bank have a problem, What they told us is going to backfire on them because the people can say, okay, you told us there was no inflation.
We're seeing inflation.
You told us the fuel costs were high.
It was because of Putin.
Well, first you told us it was COVID. Then you said it was Putin.
Now you're making all other excuses.
You told us if we raised the debt limit, everything would be fine.
And now everything is completely falling apart.
And it seems like they're going to have a major disaster going into the 2024 elections because everything that they've said, everything that they've done is a complete and utter lie.
And as they continually lie about the economy and the economy breaks down and does the opposite of what they're saying, the people are no longer going to believe them at all.
They're digging their own grave.
There's no escape from this.
They're going to try, but there is no escape from this.
And this is why they will pull out every single event they possibly can to try to convince people that it's not their fault.
And this is why they've been talking about a cyber attack.
This is why they've been talking about war, because they have to cover up the economic catastrophe.
They're going to try, but I think the people, as we approach 2024 and they see everything completely implode on itself.
They know who's responsible.
They know who's been lying to them.
And it will have nothing to do with the cyber attack.
It will have nothing to do with war.
It will have nothing to do with any event that they create.
They think this is going to help them in the end, but it's not.
The people already see who's responsible.
And anything that happens from the outside is going to be meaningless because the economy was destroying itself immediately.
Under their rule, and the people already know this.
So whatever hits us later on, they're still responsible for all of this.
Just like they're responsible for what happened with the student loan forgiveness.
Because they knew from the very beginning they didn't have the power to do this.
They lied to the young generation.
They lied to them from day one.
And now it backfired on them.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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