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Aug. 4, 2023 - X22 Report
21:14
Ep. 3132a - Biden Economic Stats Manipulated, Silver Prices Moving Up, Economic Truths
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Hi, and welcome to You're listening to the X 22 report.
My name is Dave in this episode, 3,132 a and today's date is August 4th, 2023.
And the title of the episode is Biden economic stats, manipulated silver prices, moving up economic truths.
Let's talk about protecting our wealth.
The US dollar has lost 85% of its value since the 70s, when the dollar decoupled from gold and the government seems bent on continuing the tradition.
From now until after the next elections, the government can print as much money as they want.
Last time they did that, inflation went up 9%.
This means one The security of your future and your family's future is all in your hands.
Make sure you freeze the value of your wealth you are holding.
Invest in gold with Noble Gold Investments.
Gold is the one asset that has proven to withstand recession, inflation, and just about all economic threats.
Noble Gold Investments is here to help you if you want to invest in gold.
You will also get a 24 carat 1 quarter ounce gold standard coin for free.
Go to x22gold.com that is x22gold.com or click the link in the description.
If you don't see the link click the other or the description button.
Or just simply call 877-646-5347.
That is 877-646-5347.
It's the only gold company I trust.
And remember, there's always a risk of investment and there's no guarantee of any kind.
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, to keep their illusion alive, to make you think that they're not responsible for bringing down the economic system, to try to push it into the Great Reset, the Green New Deal, what do they need to do?
Well, as they push their controlled demolition, of the economic system, they need to mask it.
Now, they would love a coverup, they would love a cyber attack, a war, a pandemic, or something where they could say, "Hey, look over there, that's to blame "for everything that you're seeing today." But right now, we don't have that.
So what are people seeing?
The people are seeing the truth.
So what do they do?
Well, they need to slow things down and they need to manipulate everything to make you think that it's not them who is causing everything that you're seeing.
So what do they do?
And they did this during Obama's presidency.
They did this during Clinton.
They manipulate the statistical numbers.
And that's exactly what they're doing right now.
They're manipulating the job numbers.
They've been doing this for a very long time.
They're manipulating how they calculate inflation.
They are manipulating the entire market.
They're manipulating the interest rates.
This is what the private what's the central bank does.
They manipulate.
Same thing with the fuel prices.
Are they not manipulating them using the strategic petroleum reserves?
Of course they are!
They need to manipulate to convince everyone that everything is fine and the economy broke down because of another reason.
Now, they'll come up with that reason later on, most likely it's going to be a cyber attack, but that's what they're going to blame this all on.
They wanted to blame it on the pandemic, but that didn't work out for them.
So the entire agenda and their entire push to bring us into the Great Reset, the Green New Deal, is completely falling apart.
And the people of different countries, they're starting to recognize and realize what's really going on here.
Out in Germany, we have the CEO of Lanxess, a large German MDAX-listed chemical company.
He's warning that the de-industrialization is beginning.
The federal government must wake up in Germany.
And yes, people are starting to realize that, hey, when they push us, as they push us into the Great Reset, the Green New Deal, they're going to destroy the existing economy.
Actually, it's their illusionary economic system.
That is what they're actually destroying, because they need to destroy their old system to bring us into the new system.
And that's what they're doing right now.
But to bring us there, they need to manipulate a lot of things.
They need to make you think that it's not them that are doing this.
And that's why you see the job numbers, inflation, fuel costs, and everything else completely breaking down.
And this is why Fitch came out and they downgraded the United States because what's really happening in the background, when you look past the manipulation, the economy's breaking down.
Now, once again, they can tell you that the economy's doing absolutely fantastic.
They can tell you there is no inflation.
They can tell you whatever they want, but If you're experiencing it, then you know the truth.
That's the economic truth right there.
And when you look at the payroll numbers and you look at the job numbers, what do you see?
Well, the job report was a tale of two opposites.
On one hand, the monthly payroll change for July missed expectations of $200,000.
Printing at 187, which would have been down from 200,000 and the lowest since December 2020.
If only June wasn't revised sharply lower to 185.
The U.S.
economy added fewer jobs than expected in July, the lowest since 2020.
The previous two months were revised down by 49,000 total jobs.
So what does that tell you?
That tells you the job market isn't what they're telling you.
So let's continue with the fabricated data.
Both May and June numbers were revised sharply lower once again.
May revised down by $25,000 from $306,000 to $281,000.
25,000 from 306,000 to 281,000.
June was revised down by 24,000 from 209,000 to 185,000.
To show just how ridiculous the data manipulation is, all you need to do is look at the chart, and if you go back to January, you can see how they manipulated the numbers, they revised the numbers, and they keep bringing them down and down and down.
Now, they can tell you the unemployment rate is going down, but in reality, more and more people do not have jobs.
And remember how the system works.
If you're not looking for one, if you're not looking for a job, and three weeks or four weeks have passed, They just don't count you.
You might want one, but you're not looking, or you are looking, but you're past their deadline.
So all those people that are sitting there going, well, you know what?
I don't have a job.
I still want one.
I just can't find one.
There's a lot of college students right now coming out of college, and they can't find a job.
People are starting to realize that there's a major, major problem in the economy.
E.J.
Antonio put this out on X, said, economy is slowing, and in precisely the sectors previously indicated, by numerous survey data quick lands under the hood shows labor market has all but stalled out below pre-pandemic trend and that's what people are noticing and people are realizing that wages aren't keeping up people are realizing that they can't afford the rent they can't afford their Car payments.
They can't afford their electric bills.
They can't afford their gas bills.
They just can't afford things.
They can't make ends meet.
Unusual Wales put this out and said, the average Philadelphian makes enough money to afford to spend a little over $1,300 on a monthly rent.
The average rent in Philadelphia is $1,995.
You think the people are having a difficult time?
Absolutely.
Especially in those blue cities, in those blue states, because the economy is breaking down at a much quicker pace compared to a lot of the red states.
When you look at New York, when you look at Pennsylvania, when you look at Chicago or Illinois, Chicago, when you look at California and all the cities in California, you can see this and it's becoming very very clear how bad it is really getting.
And the people in these different states, what are they doing?
They're looking around going, what the hell is going on?
And the people, they're going to be getting pretty darn pissed off because remember, it doesn't matter if you're a Republican, it doesn't matter if you're a Democrat, it doesn't matter.
The people are going to get angry because when the people are trying to pay their rent, trying to pay their mortgage.
Trying to pay their electric bill, gas bill, trying to purchase food, when they're trying to put gas in their car.
That's all that matters.
And when you're losing your currency, the value of your currency every single day, it gets more and more difficult as time goes on.
And what's very interesting is that Wall Street Silver put out a post on X, and there's an individual showing what hyperinflation actually looks like.
And he's showing you what it looks like in different countries.
Just take a listen to this.
This is hyperinflation at its finest.
This is 40,000 Argentina pesos right here.
Back in 2018 this was worth $2,000 American.
Now it's worth about $75 American.
this is worth $2,000 American.
Now it's worth about $75 American.
You see, back in 2018, this 20 peso note was equivalent to $1 American.
Now you need 520 just to equal that $1.
This is all because of government spending, a poor economy, and the government printing large amounts of capital.
Now think about what is happening in this country.
The value of the currency is continually dropping.
The more they spend, what happens?
The less value that piece of paper that you have is worth.
And it takes a lot more of those pieces of paper to buy the same exact object.
So when you look at bread, and you say, okay, bread is $4.
Now three weeks later, it's $6.
Three weeks later than that, it's $9.
The bread's not changing.
Your currency's changing.
The value of the currency is decreasing.
You need more of those pieces of paper.
So, the pieces of paper or the blips that you have in the bank, they're worth less and less as time goes on.
And if you go all the way back to Weimar, Germany, There was a time where people were using the paper currency to heat their homes because it was worth absolutely nothing.
People would go into the coffee shop and they would say, okay, coffee's what, $8?
A couple hours later, it'd be $15.
Let's talk about protecting our wealth.
The U.S.
dollar has lost 85% of its value since the 70s, when the dollar decoupled from gold and the government seemed bent on continuing the tradition.
From now until after the next elections, the government can print as much money as they want.
Last time they did that, inflation went up 9%.
This means one thing.
The security of your future and your family's future is all in your hands.
Make sure you freeze the value of your wealth you are holding.
Invest in gold with Noble Gold Investments.
Gold is the one asset that has proven to withstand recession, inflation, and just about all economic threats.
Noble Gold Investments is here to help you if you want to invest in gold.
You will also get a 24 carat 1 quarter ounce gold standard coin for free.
Go to x22gold.com that is x22gold.com or click the link in the description.
If you don't see the link click the other or the description button Or just simply call 877-646-5347.
That is 877-646-5347.
It's the only gold company I trust.
That's how quickly it happens.
That's how quickly the system is destroyed.
Now remember, the Deep State players, they're trying to bring us into the Great Reset, the Green New Deal.
They can't let people catch on that they're the ones that are doing this, and we know that they wanted the fuel prices to move up because they wanted the fuel to be very, very expensive, so you'd move away from the gas-powered cars into electric cars, because electric cars are very, very expensive, and the fuel prices were rising.
Way, way, way too fast.
So Biden had to use the Strategic Petroleum Reserve.
It's very interesting that Trump filled it up and allowed Biden to use the Strategic Petroleum Reserve.
It's almost like Trump planned this out.
But the other thing that we've come to find out is that the U.S.
Energy Secretary secretly consulted top CCP energy official before Strategic Petroleum Reserves were released.
So once again, when you start to hear this, oh that's right, China now owns the Biden administration.
Ukraine owns the Biden administration.
They're all involved in destroying this economy.
But don't worry, Kamala Harris is out there letting everyone know.
That the economy is doing fantastic, even after Fitch downgraded the U.S.
credit rating.
So is anyone really believing what she's saying?
I mean, think about Bidenomics.
You have higher mortgage rates, high inflation, banks are collapsing, groceries are expensive.
Rent is a record high.
Dwindling retirement accounts.
The average American family is paying $10,000 more for the same goods.
So, Bidenomics is working?
No, Bidenomics is not working.
Working for the deep state players.
Working for the central bank.
But once again, not working for the people.
Did they build anything?
Is it better?
Are we back?
Yes, we are backwards right now.
That's what we are.
And you can see, as inflation picks up, and the debt continually increases, and the interest rates are raised, how do you pay The debt.
Just think of your own household.
Let's say you're living on credit, which most people are living on, and let's say the credit card company say, okay, your rate now is 15%.
Next week they tell you it's 20%.
Next week they tell you it's 25%.
Then they tell you it's 30%.
They keep raising the rates, now it's 35%.
Where does all your currency go?
It goes to the interest on the credit card bills.
That is what's happening here in the United States.
Wall Street Silver put this out on X and said the following, the U.S.
government just hit a new high score.
Interest payments on U.S.
debt are skyrocketing at one trillion per year now and heading for a half of all income taxes collected.
Looks like the U.S.
government needs to start making coffee at home and no more avocado toast.
So total U.S.
government revenue is about $5 trillion per year from all sources.
Personal income taxes are about 42% of the total, so around $2.1 trillion.
So roughly half of all personal income taxes collected by the U.S.
government is going to pay interest on the $33 trillion national debt.
Which means the government, because half of it's going to pay down the interest, they're going to have to borrow even more.
So if they borrow even more that adds to the debt, which means More of the income is going to go to the interest, so they have to borrow more.
And this cycle continues on, and before you know it, probably in the next couple years, you're going to see three quarters of the income tax going to interest.
This cannot be sustained.
It will not work.
It will collapse in the end.
And when you really look at it, and you look and see what's happening, Trump and the Patriots, they knew that the deep state players, the Central Bank, the World Economic Forum, was going to go down this path.
They knew that they were going to destroy this economy.
Actually, they tried to destroy it under Trump.
They would rather destroy it under Trump.
They would rather him take the blame for all of it.
They tried multiple times.
It completely failed.
And now Trump turned the tables on them, and the entire system is being destroyed on their watch.
What do you think the people are seeing right now?
They're looking at the Fed, they're looking at the Treasury, and they're looking at the Biden administration.
And they're watching them saying, OK, what are you going to do about the situation?
You keep telling us that it's going to get better, that inflation is going to go away.
It hasn't gone away.
I just went shopping the other day.
I paid a lot more today than I did yesterday.
You told us the fuel prices are under control.
Well, fuel prices are moving up again.
So everything that you're telling us is a complete and utter lie.
And now they're the ones in the spotlight.
They're the ones who are responsible for all of this.
And Trump, what is he going to do?
He's going to come in and pick up the pieces.
He's going to expose the central bank.
He's going to expose the World Economic Forum so everyone can see what their true agenda is.
And that is exactly what people are saying.
The only way to combat the central bank digital currency, the only way to combat the World Economic Forum is to show the people the truth.
Sometimes you need to walk through the darkness to get through to the light.
And this is the darkness where everyone needs to understand what their agenda really is and who's responsible for all this.
But along the way, what's very interesting is that we can see with the entire agenda to push us into the Green New Deal is actually going to make silver prices spike.
Silver Viper Minerals Corp put this out in X and said silver prices will spike as record solar demand strains silver supply through 2026.
So we're mostly likely going to see silver break out.
The central bank, the deep state players, they won't be able to control it like they normally do.
And the demand, well, that will hit record high and the people will see silver prices start to move up.
The same thing I do believe is going to happen with gold.
I do believe it's going to happen with Bitcoin.
And when you look at what's happening, you can see that all the pieces are coming together to actually bring up the alternative currencies while the fiat currency is devalued.
The U.S.
government can't repay its debt.
The debt will continue to grow at an accelerated pace.
Foreigners are not buying as many treasuries.
The U.S.
government cannot allow interest rates to rise much further.
The Federal Reserve is the only big buyer of treasuries stepping up, which means currency debasement.
The US government will use financial repression to debase the currency in a controlled fashion, though it could spiral into out-of-control inflation.
Treasuries will no longer be the go-to store of value asset as people look for alternatives.
And what are people going to be looking for?
They're going to be looking for...
Currencies that are stable.
Currencies that are actually moving up in this turbulent economic environment.
And yes, people are going to be looking at gold.
People are going to be looking at bitcoin.
And they're going to be watching those very, very carefully.
And I do believe there's going to be a lot of people going, wow, I can't believe what's happening here.
Because really think about it.
Since Fitch downgraded the United States, what do you think is going to happen across the world?
You think people are going to say, you know what, I'm going to take on more Federal Reserve notes, or do you think these governments around the world and other investment houses, you think they're going to say, you know, something, it's time to trade this out.
I think a lot of them are going to start to trade this out and we're going to hit it head into major, major problems.
And we're going to see gold start to move up.
I do believe we're going to see silver to move up.
We're going to see Bitcoin move up.
And yes, people are going to take action.
And in the end, they're going to protect their wealth.
We've seen this in the past.
This is not like it's something new.
In the past, people have done this before.
In Germany, in other countries, when the value of the currency declines rapidly, people take their currency and they move it into gold, they move it into silver, they move it into land, they move it into many other areas where they feel safe, where they know the assets will be able to weather the storm.
And I do believe in the end when people see the total destruction of the Federal Reserve note, people are going to start to realize It's time to move.
It's time to protect themselves.
And we're already starting to see this happen.
And when you see all these alternative currencies either stable or they start to move up against the fiat currency, that's when you know something is up.
Actually when they start to gain speed, that's when you really know something is really happening.
And you can see that normally the institutional investors They start to move a lot of their assets away from the Federal Reserve note.
And when you start to see this, this is how you know, but you could see around the world, central banks, other countries, they're ramping up on gold because they know exactly what's happening.
They know the system is imploding.
They know there's a transfer.
That's going to happen, and it's either going to be into the Great Reset, or it's going to be into what Trump and the Patriots want, or what the people want.
And I do believe, as people watch this, as people see this all play out, the people are going to be looking at this, and they're going to realize, because they're awake, there's no cover story, they're going to realize that, wait a minute, the Central Bank Digital Currency, the Central Bank, they're the ones who are causing all this.
They want complete and utter control.
They want us to eat bugs.
We don't want this.
We are rejecting this.
You're going to see people around the world rejecting this, and the people are going to push for something completely different.
I do believe that day is coming, and it's coming very, very quickly, especially with this downgrade of the credit rating of the United States.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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