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Aug. 14, 2023 - X22 Report
22:41
Ep. 3139a - People Are Now Electing [CB] Destroyers, Fed Signals The Economy Is Going Down In 2024
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You're listening to The X-22 Report.
My name is Dave and this is episode 3139A and today's date is August 14th, 2023 and the title of the episode is People Are Now Electing Central Bank Destroyers, Fed Signals The Economy Is Going Down In 2024.
Let's talk about protecting yourself online.
A nationwide bank was hit with a cyber attack that exposed the private data of nearly a half a million bank customers.
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This banking cyber attack was so harmful that the consumers affected were even recommended to get in contact with the data breach attorney.
The bank also offered 12 months of credit monitoring service to victims whose social security numbers were affected.
Unfortunately for those affected, damage could have been minimized or even prevented with a quality cybersecurity service like Virtual Shield 1.
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With so many tools cybercriminals have at their disposal today, putting your identity, finances, and online privacy at risk, you need a top-tier cybersecurity solution like Virtual Shield One to be your guardian in today's digital world.
The best part of all this is that you can get a 60-day risk-free trial of VirtualShield One right now plus several additional free gifts using my link.
Similar services can cost over $400 a year, but you can secure all these premium services and more without the premium price by going to virtualshield.com forward slash x22 or by clicking the link in 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, we can see that the people around the world, they are fighting back against them.
Remember, when the people reach the precipice and the people see, hey look our currency is worth absolutely nothing, interest is at a hundred percent, and yes that is true in one country, Interest is at a hundred percent.
The people say enough is enough.
We need to find out where the problem is.
Let's go to the source and let's get rid of that problem.
And that is happening out in Argentina.
There was a candidate that was running for president and his platform was, I will get rid of the central bank.
And the people decided to vote for him.
Think about Andrew Jackson when he was running for president here in the United States, his platform was, I will get rid of the central bank.
He went to the people and the people were behind him.
Trump.
He told everyone that he was going to get rid of the swamp.
And the swamp?
Well, that includes the central bank.
Are the people behind him?
Absolutely.
The people around the world, when they reach the precipice, when they reach a point of no return, and they realize that everything all these other leaders were doing wasn't working, was making the situation worse, when the economy is crashing, when the currency is worth absolutely nothing, The people say, what is the common denominator in all of this?
What is the problem?
What is the source of this problem?
And the people will always find out if you look hard enough, it's the central bank.
That is the problem!
And the people now are speaking up.
All this Green New Deal, all this Great Reset, this is everything that is floating around the main problem, and that is the central bank.
And they're using this to distract everyone from the central bank.
And yes, they want to bring us into a new world.
Yes, they want complete and utter control.
Yes, they don't want us using, as they say, their resources.
But this is all masking the actual problem, and that is the central bank.
And you could see that the people around the world, they're starting to speak up.
They're starting to say, you know something?
We need something different.
We need to change this.
And I do believe in the end, that's what people are going to do in every single country.
The people are going to say enough is enough.
And they're going to say, what is the problem here?
Why is our economy like this?
Why are people struggling?
Why do we have currency that's worth nothing?
Why is the interest on this currency so high?
What is happening here?
And we're already starting to see this, and it's going to spread around the world.
Now, we're going to be talking a lot more about that a little bit later.
But first, let's talk about what's happening with the Green New Deal, because the Biden admin, they've come up with an incredible plan to spend $1.2 billion On a carbon removal tool, just like a vacuum, it's going to suck carbon dioxide out of the atmosphere and they're going to make the world clean again.
So do you really think that's what they're going to do?
You think it's going to work?
No, of course it isn't going to work.
So what is this thing?
It's a carbon removal tool.
to remove the carbon from the air and these projects in Louisiana and Texas will essentially be a large vacuum that suck up carbon dioxide from the air separate it with chemical processing and then condense the carbon dioxide for burial underground or for use in industrial products like cement according to the DOE press release now
Energy Secretary Jennifer Graham Holm has promoted this particular form of carbon capture and sequestering technology, but DAC emits more carbon dioxide than it captures while relying on toxic chemicals.
Plus there's a report saying that this tool probably won't work, but they want 1.2 billion dollars for it.
Remember that high-speed train in California?
Where they were going to build it and they needed billions of dollars.
Well, they never built the high-speed train, but they never gave back the billions of dollars.
The same thing is going to happen here.
The tool's not going to work.
The tool will probably never be completed.
And the money will disappear.
This is the scam they are running.
Just like the scam with the electric vehicles.
When people think, oh, I'm going to go out and get an electric vehicle.
I'm going to save the earth.
It's going to be a lot better.
Well, in reality, You're not making the earth greener or better.
All you're doing is transferring the pollution from a fossil fuel car to another area.
And that's all that is happening.
Plus, you're enslaving children around the world.
When you look at the Congo, what do you see?
You see children digging in the dirt, mining Cobalt to build these batteries and these children, 40,000 of them, they earn less than $2 a day.
So, when people are out there buying these electric vehicles and all these batteries are being produced, well, just think about the companies, just think about the slave labor, just think about what's happening.
Yes, I know there's slave labor all over the place, but they're trying to convince you that this is going to help the world.
Really?
Well, you're offloading the pollution to someplace else, that's all you're doing, and now there are more and more children that have to mine these minerals to build All of these batteries.
And if everyone went to electric cars in the world, think about the slave labor in Africa.
Really think about this for a second.
But you can see the entire system is completely falling apart.
The Green New Deal is not working, inflation is getting worse, and when you go out to India, You can see that India's retail inflation rose sharply to 7.44% in July due to surging food costs, and it's becoming very, very difficult out there.
And that is not the only country where they're seeing inflation move up.
You're seeing inflation move up here in the United States and many other countries, and people are starting to realize the value of their currency is continually declining.
And there are economists here in the United States that are saying now, yeah, you know that Inflation Reduction Act, where they said they're going to reduce inflation has nothing to do with inflation.
It doesn't reduce inflation.
Actually, it does the opposite.
And now the economists say that 740 billion legislation, which was passed a year ago, does not deserve credit for bringing down inflation.
Actually, the AP is reporting this.
Actually, the AP is saying that the Inflation Reduction Act is actually making it worse.
And with all this inflation, what are people seeing right now?
They're seeing that they can't afford things.
It's becoming tougher and tougher every single day.
U.S.
inflation means families are spending $709 more per month than two years ago.
And it's going to get a lot worse.
Because why?
Well, the student loan payments, they are going to resume.
And 56% of the borrowers say they'll have to choose between their debt, and buying groceries.
So people are going to say, well, wait a minute.
Listen, I'm not going to have enough to pay for any of this stuff.
And really, let's start putting this all together.
Think about what Biden did.
He was following the direction of Obama in the basement, of course, the Central Bank to World Economic Forum.
They wanted to bring us into the Great Reset, the Green New Deal, the They kicked that off in the beginning of the pandemic.
They started to make the country... Let's talk about protecting yourself online.
A nationwide bank was hit with a cyber attack that exposed the private data of nearly a half a million bank customers.
According to experts, unauthorized parties stole vulnerable information, including social security numbers, full names, birthdates, and more.
This banking cyber attack was so harmful that the consumers affected were even recommended to get in contact with the data breach attorney.
The bank also offered 12 months of credit monitoring service to victims whose social security numbers were affected.
Unfortunately, for those affected, damage could have been minimized or even prevented with a quality cybersecurity service like Virtual Shield One.
Virtual Shield One is an all-in-one identity protection suite that allows you to take control of your online data, including identity protection, fraud monitoring, social security protection, dark web monitoring, an industry-leading VPN malware and ad blocking, online search data removal, up to 1 million worth of insurance coverage, and much more.
With so many tools cybercriminals have at their disposal today putting your identity, finances, and online privacy at risk, you need a top-tier cybersecurity solution like VirtualShield One to be your guardian in today's digital world.
The best part of all this is that you can get a 60-day risk-free trial of VirtualShield One No longer energy independent.
They cancelled everything.
Fuel prices started to move up.
Similar services can cost over $400 a year, but you can secure all these premium services and more without the premium price by going to virtualshield.com forward slash x22 or by clicking the link in the description down below.
No longer energy independent.
They canceled everything.
Fuel prices started to move up.
Inflation started to hit because they were spending like crazy.
Things became a lot more expensive.
People are losing their jobs.
And now people who are earning 50,000 or maybe a hundred thousand or even less than that, they're having a difficult time making ends meet.
So Biden knew, holy crap, for the young generation, if they have to pay their student loans, this is going to be a complete and utter disaster.
Everyone's going to be looking at me.
And Obama in the basement and they're going to get angry at us.
So we need to cancel this or try to push it off as long as we possibly can so they don't get pissed off.
Well, he tried.
He knew it was unconstitutional.
He made promises that he knew he couldn't keep.
And what happened?
Well.
It was completely unconstitutional, and now the people have to pay it.
So now the economy is a lot worse, and now people are struggling because of inflation, which means the currency is devaluing.
And now they're realizing, well, an extra two, three, four hundred dollars.
I don't know if I can do that.
Actually, 68% of borrowers with household incomes under $50,000 say they will have to choose between keeping up with their loan payments and buying necessities.
A large portion of high earners also expect to struggle.
45% of borrowers with household incomes of $100,000 or more say they'll be forced to make those hard choices.
So the people are already looking at this saying, okay, this is going to be very, very difficult.
Remember, the economy is breaking down.
Inflation is picking up.
Fuel costs are continually rising.
Your wages aren't keeping up with this.
So when you add on another two, three, four hundred dollars a month because of loan payments, it becomes very, very difficult.
And this is what people are going to see, which means that people are not going to be too happy with Biden, which means they're going to lose those younger people.
They're not going to be like, hey, you know what?
This guy is great.
No, they're going to look at him, go, OK, the economy sucks.
I hope I keep my job and now I have to pay this loan payment.
You made all these promises and now you're going back on it.
And the people, they're going to get angrier and angrier as time goes on and they're going to hit the precipice.
And as they keep going down this path and they keep destroying the economy to bring us into the Great Reset, the Green New Deal, you're going to see more and more things fail.
And as they fail, the people are going to get pissed off.
Wall Street Silver put this out and said, 30-year mortgage rates are inching above 8% in many states.
Mortgage refi market is in a coma.
Banks are laying off many of the people in their mortgage divisions.
Housing market is freezing up.
Everything is fine, isn't it?
No, it's not.
It's getting worse and worse.
Unusual Whales on X put this out and said, U.S.
factory activity contracted in July for a ninth straight month and it's getting worse.
And now with the interest rate continually moving up, with inflation, with higher fuel costs, now students have to pay their loans back.
How do you think people are going to weather this storm?
It's going to be very, very difficult.
And as the interest rates continually move up, think about the debt.
Here in the United States.
Think about how much the government has to spend on the debt.
Genevieve Roque-Decter put this out on X and said, interest payments on public debt saw an increase of 34% in the first 10 months of 2023.
It's now getting close to surpassing defense spending.
So DOD spending is $630 billion Net interest on public debt is 572 billion dollars.
Think about that for a second.
But the Fed is already signaling right now that it's time to cut the rates, it's time to bring the economic system down, and we're probably going to have a crash in 2024.
How do we know this?
Just go back in time.
When you look at what they've done in the past, you can see it.
They increased the rates, and there was a certain point where they stopped, they leveled off a little bit, and then they started to drop them.
At that point, the economy already tipped over the cliff, and all they did was they started to bring down the rates, the economy is already in a recession, and you won't see that until a couple months later.
How do we know that this is going to happen?
Well, Goldman, they're saying that they are already penciling in the first Fed rate cut for a second quarter of 2024, which means In 2024, we're most likely going to see the economic system completely crash.
Now, once again, I do believe Trump and the Patriots, they knew exactly what they were going to do.
They knew they were going to bring us into a great reset, the Green New Deal.
It was going to happen no matter what, because this system was dead.
They needed to bring us into the new system.
They were just kicking the can down the street.
And now Trump, he knew the playbook.
He knew exactly what they're going to do.
He timed it so when the elections come up, guess what's going to happen?
The system's going to crash.
Most likely right before the elections.
And what are people going to do?
Holy crap, no matter who's running, no matter who's in this position, most likely Michelle Obama, when the economic system crashes, the people are going to say, OK, we see what you've done.
We see your policies.
This cannot continue.
We need someone else.
And they're going to look at Trump.
Just go back to when Obama was running against McCain.
It was set up then.
McCain was saying that the economy's great.
Obama was saying the economy was hurting.
We all knew from the very beginning of 2008 that the economy was in a recession because the Fed came out and said, "We're not predicting a recession anytime soon." The same thing's gonna happen now, but it's going to happen to the Obamas.
And I do believe Trump and the Patriots, they set this up.
And we can see that Michael Burry, he just shorted the stock market.
He just put a 1.6 billion big short on the stock market.
Now that doesn't mean he's right or wrong, but that is what he's doing.
So, does that mean he thinks the market is going to come down?
It's starting to seem that way.
So when you start to put all the pieces together, what do you see?
You see things happening right now.
And you see things that are set up to happen at a certain point in time.
And by the way, his portfolio has $1.6 billion in market value short, 51% SPY puts, and 42.54% in QQQ puts.
Now, is he going to be right?
Is he going to be wrong?
We'll have to see how this all plays out.
But once again, you can see how they are preparing for all of this.
And we can see from history how this works.
Now, what's very interesting, out in Argentina, Argentina's central bank has hiked interest rates to 118% in a drastic policy shift as it runs out of funds to defend its currency.
So right now, Argentina is having a very difficult time and many countries are having a very difficult time.
And what happened in Argentina?
Well, a pro-Bitcoin candidate, he has won the Argentina's presidential primary election.
Coming out of the New York Times, this is the headline, Far-Right Libertarian Wins Argentina's Presidential Primary.
Javier Mele who wants to abolish the central bank and adopt the US dollar as Argentina's currency is now the frontrunner in the fall general election.
So he wants to get rid of the central bank and their entire economic system is completely failing and I do believe We're going to see a lot more individuals who are going to say, I will get rid of the central bank.
We can't keep this up.
We need to shift.
Now they can either shift into the Federal Reserve note, which is ridiculous because it's still controlled by the central bank, or they can move into another type of currency.
Now look at El Salvador, for example.
They decided, okay, we're going to go into Bitcoin.
How's that working out for them?
It's working out pretty darn well.
Do you think Argentina is going to shift into an alternative currency?
I do believe so.
I think as time goes on, they will eventually shift into an alternative currency.
And this is something the central bank establishment does not want.
They don't want anyone to see countries thriving with an alternative currency.
Because when other countries see this, It shows that their system, their central bank system, their currency doesn't work.
And as more and more countries adopt this, this is what people are going to see.
Now, there might be some countries that are going to go to gold and silver-backed currency.
Other countries might go to Bitcoin.
And we can see how this is all going to play out in the long run.
I do believe it's already begun.
I do believe the destruction of the central bank has already begun.
And I do believe we're going to see a lot more as they bring us into the Great Reset, the Green New Deal.
And I do believe Trump, the patriots, they're going to be using this crisis And to show everyone, it doesn't have to be this way.
We don't have to be with the central bank.
We can take control back.
And if we just follow our constitution, we can have that control.
And I do believe once the crisis hits, I do believe it's going to be during the election year, that people are going to say, okay, this is the guy for the job.
This is the guy that we want.
He did it before and now he's going to do it again because these other individuals that are working with the World Economic Forum, working with the Central Bank, working with the Deep State players, they've been destroying everything.
And I do believe Trump, he's going to win the people over, and he's going to come up with incredible solutions to tell us how we can move into our own system, which is separate and apart from the central bank.
And once we do this, you're going to see this country flourish like you've never seen before.
And once people see this, and they see a system, a currency, without the central bank, And you see industry thriving.
You see people thriving.
The people are going to look back and go, why the hell were we ever with the Central Bank?
Whose idea was this?
Because as soon as we separated ourselves from the Central Bank, the private Western Central Bank, look what happened.
Life is incredible.
We have manufacturing back.
We have a sound system where we're not paying interest on money that is loaned to us.
The value of the currency is stable.
That's what people are going to notice.
And the people, once they see this, they're never ever going to want to go back to a central bank system.
And this is the biggest fear of the private Western central bank system.
And the people, in the end, they will make the final choice.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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