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Aug. 23, 2023 - X22 Report
17:56
Ep. 3147a - As The Elections Get Closer The Economy Is Going To Get Worse
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I'm going to go back to the next episode.
Hi and welcome you.
You're listening to The X-22 Report.
My name is Dave and this is episode 3147A and today's date is August 23rd, 2023.
And the title of the episode is, As the elections get closer, the economy is gonna get worse.
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 seems bent on continuing the tradition.
From now until after the elections, the government can print as much money as they want.
The last time they did that, inflation went up 9%.
Gold is the one asset that has proven to withstand inflation.
Invest in gold with Noble Gold Investments.
You'll 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 description button or the other button or 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, the entire system is breaking down and this is all part of their controlled demolition.
Remember, going back to the very, very beginning, the private Western Central Bank, they knew that their system would not last.
They couldn't keep it going and eventually they were going to have to bring us into a new system.
We've seen this in the past.
This is throughout history where the central bank system completely breaks down.
Normally we end up in war and they cover everything up and they bring us into a new system.
This time around everything is completely different.
The war that they were expecting did not happen.
Then they used the plandemic instead.
Trump countered the plandemic and now they are trapped in their entire agenda which means they can't go backwards because they already started the ball rolling and the only place they can move is moving forward.
So that's exactly what they're doing and this is what Trump and the Patriots Wanted them to do.
They wanted them to move forward.
Why?
Because they wanted the people to see exactly how they were going to bring the system down.
They wanted the people to understand who is responsible for all of this.
And as they push their policies, and all the mayors and the governors and other installed leaders push their policies, the people are going to see the countries completely fall apart.
You're going to see the economies fall apart in many different states and many different countries.
When the people see all of this, the people start to understand.
They start to realize, holy crap, it's their policies.
Everything that they're doing, it's not working.
The states that are doing the opposite, or the countries that are doing the opposite, well, they're doing a lot better.
That's what people are starting to realize.
And as the deep state continually pushes and pushes and pushes, more and more people realize this.
And as we get closer and closer to the election, the economy is going to get worse and worse.
I do believe that Trump and the patriots, they have already planned for the economy to come down right before the elections.
Because really think about it.
When we have the elections and they continually are using the same talking points where the economy is doing great, the inflation is under control, fuel prices are fine, it's an illusion that the economy is falling apart, jobs are plentiful.
Well, what are people going to see in the end?
The people are going to see, wait a minute, you've been telling this lie this entire time and the economy is actually doing the opposite and we all can see it.
And if everyone can see it, everyone's going to realize, wait a minute, you're the ones who caused all of this.
And I do believe Trump, the patriots are going to use all of this against them.
Going to use everything that they put together against them in the end to move us into a people's economy.
Restructuring of the central bank system, which is going to restructure the entire economic system.
And I do believe this is exactly where we're headed.
And we could see that there are certain financial institutions that are preparing for a collapse.
We know that Michael Burry, he shorted the market.
And we can see that retail is not doing very well.
So the entire system is completely falling apart.
And every day that passes, it gets worse and worse.
Now, we're going to be talking all about this a little bit later, but first, let's talk about Germany, because Germany, they are the template out in Europe, and they're pushing their policies very, very hard, pushing the Green New Deal, the Great Reset, and Germany is completely falling apart, and the people are starting to recognize this, and they're realizing what's happening here.
German business activity suffered the steepest decline for more than three years in August, according to the latest HCOB flash report.
A renewed contraction in services activity accompanied a deepening downturn in manufacturing output.
People in this country are realizing it, just like the people in other countries, especially in Canada, United States.
They're realizing there are major, major problems.
And if you look in the United States at certain states, you can see they're following the same exact policies as Germany is following.
And what's happening to those states?
Just look at New York.
Just look at Illinois.
Look at California and many other states.
They are completely and utterly falling apart.
And the electric vehicle that they're pushing is not doing what they thought it was going to do.
The people, they're a little bit smarter than the Deep State, the Central Bank, the World Economic Forum thinks.
And the people are starting to realize that the electric vehicle is not going to benefit them in the end.
Yes, there is a place for electric vehicles, just like there's a place for solar equipment.
But can you use these things every single day?
Can you have electric planes?
Can you have an electric car to go distances?
No, you cannot.
So yes, are there other places you can use it?
Of course you can.
But you can't make the entire world solar, wind, electric.
It just won't work.
And I think the people are starting to realize this.
Unusual Wales put this out on X and says, prices for used electric vehicles fell by almost 30% between June 2022 and June 2023.
So right now, the price for electric vehicles, used ones, are coming way, way down, which means the demand for used electric vehicles is not there.
Because if the demand was high, the prices would be staying up, which means the people are saying, you know something, I'm not looking for an electric vehicle.
I'm looking for a gas powered car, especially since the Ford CEO took their electric truck on a trip and he realized, wow, there are major shortcomings with this.
Now, what's very interesting, we're starting to see the earnings of retail come out.
And we can see that there are many retail shops that are doing very, very poorly.
Yesterday, we mentioned Macy's.
Where they are down, they're seeing credit card delinquencies.
We have Foot Locker.
Their shares plunged by 30%.
It slashed guidance and blames consumer softness.
We have Dick's Sporting Goods, a woke sporting goods store, and they're reporting a 23% drop in profit.
Despite sales increasing by 3.6% in the second quarter.
Now, they're saying that they're having a major problem because people are robbing their stores.
Well, really think about it.
Why are they allowing this to happen?
Shouldn't the corporate people be pushing the town to push the police and the laws and everything?
Why would this be allowed?
It doesn't make sense except that they're paying off the criminals because they're going to be using them later.
But we could see that Nordstrom's and Macy's and Dick's Sporting Goods, they're all now closing up shop because of these certain areas.
But we're going to see a lot more retail stores start to 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 seems bent on continuing the tradition.
From now until after the elections, the government can print as much money as they want.
The last time they did that, inflation went up 9%.
Gold is the one asset that has proven to withstand inflation.
Invest in gold with Noble Gold Investments.
You'll 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 description button or the other button. Or 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.
Post-declining earnings.
Now, there are going to be certain retail stores that still post that everything is fine, but as we go throughout this Christmas, and I think this is not going to be a very, very good Christmas, especially with inflation continually moving up, fuel costs moving up, more layoffs coming around the corner, I think retail is going to be not that great.
Now, of course, how do they forecast retail?
How do they report on retail?
It's always done by credit.
So People this Christmas are probably going to use a lot of credit to purchase their presents and they might say, hey, look, it looks great, but think about how much credit everyone is using to get these goods, which means they're going to have to pay it off later, which means there's going to be major, major problems come the new year and people are going to say, well, I just don't have those funds, just like the student loans came due and the people are saying, I just can't pay for these.
I think the same thing is going to happen.
Now, the other thing that's very interesting is that the job numbers that they keep reporting.
Well, it seems that they keep revising these numbers over and over and over, because as we know that the Biden administration didn't create these type of jobs.
So what they're doing is they're playing the game.
Let's put out these numbers and later on we'll just revise them when nobody's looking.
So we'll put out great numbers, they'll look great, everyone will think the economy is doing well and then a couple months down the line we'll revise them very very low and no one will notice anything and people will think that everything is fantastic.
E.J.
Anthony Antony put this out on X and said, sure enough, payrolls revised down 306,000, but private payrolls revised down 358,000 while government payrolls revised up 52,000 smaller private sector and bigger government.
So what are we seeing?
The government is taking on more people and they're continually borrowing from the Federal Reserve.
They're going into further and further debt, which we could see.
And the actual businesses out in the real world, they are now not hiring the way everyone says they are hiring, which means the jobs aren't being created.
It's what they're talking about really didn't exist.
And over 25% of the jobs we initially thought we gained this year weren't actually there, which tells you everything you need to know.
So the government, they announced their revisions months after they released the headlines to the news.
And if you add it all up and you add up all the downward revisions, what happened?
The jobs just disappeared.
Right now, what do you see happening?
Well, they're adding on government positions, but the private sector is losing a lot of jobs, which tells you everything you need to know right there.
Now, the other thing that's very interesting is that we can see the housing market is completely imploding on itself.
Wall Street Silver put this out and said, by region, year over year, sales plunge in all regions.
Cash buyers and investors pull back too, all cash sales.
Often investors and second home buyers drop by 11.2% year over year, 96,700 homes in July, or a share of 25% of total sales.
So when you look at the Northeast, you can see they're down by 23.8%.
The South is down by 14.3%.
Midwest is down by 20%.
And the West is down by negative 12.5%.
So the real estate market is having a very, very difficult time.
But the other thing that's very interesting Is that there are certain states that have a higher credit rating than the federal government.
And when you look at these states, most of them are the red states.
You have Florida, Georgia, South Carolina, North Carolina, Virginia, Tennessee, Missouri, Minnesota, Texas, and Utah.
And all the other states, they're having a very difficult time.
And which I find very, very interesting.
So these states that I just mentioned, they have a triple A rating.
Much, much better than the federal government right now, and much, much better than the blue states.
So you can see that the red states, they're doing much, much better.
And I think as we move forward and the entire economic system completely implodes on itself, you're going to see a very big difference.
That doesn't mean The red states are going to just weather the storm and they're just going to come out of it.
The whole country is going to suffer, but you're going to see the red states are going to do a lot better because the blue states following the Green New Deal, following the policies of the deep state players, those states are going to have a very, very difficult time.
And I think the people there are going to really suffer.
And they're going to say, you know what?
Enough is enough.
They're going to be brought to the economic precipice and they're going to really push back.
And what's very interesting is that Shark Tank star Kevin O'Leary said that commercial real estate difficulties could lead to a real run on regional banks when interest on commercial real estate loans increases.
So remember, There were certain banks that were downgraded like Bank Corp, ComiCorp, Key Corp, UMB Financial Corp, Valley National Bank Corp.
Many banks have been downgraded.
So this is going to be a huge problem.
And we're starting to see the chips start to fall.
And the problem is, is that we don't know which regionals are going to be in trouble, which ones are going to need capital requirement.
And this is going to be very, very interesting.
Now, since he said that, what came out from the FDIC is very, very interesting.
Unusual Wales put this out and said, U.S.
banking watchdogs like the FDIC will next week propose requiring that banks with as little as $100 billion in assets issue enough long-term debt to cover capital losses if they ever failed.
So it looks like they're planning on banks failing.
They're planning on major, major problems, or they wouldn't have put this out, which tells you everything you need to know.
So as we approach 2024, and as we move through the election year of 2024, what I think is going to happen is the economy is going to continually break down over time.
You're going to see more layoffs.
You're going to see the real estate market get a lot worse.
You're going to see the job market get a lot worse.
You're going to see the Banking system, they're going to be in trouble and you're going to see inflation and fuel prices start to move up.
Now, as this happens, I do believe the Biden administration, the Treasury, the Fed, they're all going to tell you that everything is fine.
That the economy is starting to pick up again, the economy is doing well, but the people who are experiencing all this and the people who are going through this every single day, they're going to realize that they are being lied to.
I think they're already realizing this because if you go back in time, They told us inflation was under control, fuel prices were under control, everything is fine, the economy's doing well, we're creating a lot of jobs, but now we're finding out everything that they said is completely the opposite.
Now as we go through the election year, as they keep telling you all these things that the economy is great, inflation's going down, fuel prices are fantastic...
The banks are fine except for those 10 that failed.
What do you think is going to happen during the election cycle?
Well, the people are no longer going to believe these people.
And what's going to happen?
The people are going to believe the person that is saying the economy is in trouble.
The economy is not doing well.
And if the market comes down, and remember Michael Burry, he's shorting the market.
He thinks the market's going to come down.
Well, that is going to be game over for the deep state, for the Central Bank, the World Economic Forum, because the people at that point will not believe them ever, ever again.
And remember, the people already from the polls are already looking at the Treasury, already looking at the Federal Reserve and the Biden administration.
And as they continually lie and the economy gets worse, Trump and the Patriots, they're going to have all the leverage.
And I do believe with this crisis, they're going to use this crisis to shift us in a completely different direction.
And the people are going to demand a people's economy where we go back to the Constitution.
We move away from the Federal Reserve, which I do believe is going to be restructured.
And the Federal Reserve, the way we know it today, won't even exist.
And that is going to actually have a ripple effect.
And this ripple effect will affect everything around the world, actually destroy the private Western Central Bank system.
And I do believe this is exactly where we're headed.
And we can see that things are building and building and building now.
And the people are going to be brought to the economic precipice.
And once they're at that precipice, which is the crisis, they will be able to make a logical decision.
And they'll definitely see who's responsible for all of this.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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