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Sept. 6, 2023 - X22 Report
22:27
Ep. 3157a - The Economic Crisis Is Already Worse Than 2008-2009, Restructuring Coming
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I'm out.
I'm out.
You're listening to The X-22 Report.
My name is Dave, and this is episode 3157A, and today's date is September 6th, 2023, and the title of the episode is, The Economic Crisis Is Already Worse Than 2008-2009, Restructuring Coming.
Let's talk about protecting our wealth.
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Let's get right into the economic collapse financial news.
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Now the Deep State, the corrupt politicians, the Private West Central Bank, the World Economic Forum, you can see that every move that they're making now, because it's all wide open, people can see exactly what they're doing.
And when they tell the people, listen, we're going to ban gas stoves, we're going to shut down the pipelines, we're going to shut down The heating systems and the water heaters.
What do you think people do in the end?
The people say, yeah, I don't think this is going to happen.
This is not a good idea.
And if you notice every step the Biden administration makes where they continually say, OK, no gas stoves, no hot water heaters.
Everyone's got to get a new heating system.
We're going to impose taxes.
The people, they're saying absolutely not.
And each step of the way, as the Deep State, as the Central Bank, the World Economic Forum, as they push their Green New Deal...
The people are rejecting this over and over and over and the anger is building right now.
And what's very interesting is that the Biden administration is quietly moving to ban the transport of liquefied natural gas, that's LNG, via rail.
The Pipeline and Hazardous Materials Safety Administration A sub-agency of the Department of Transportation moved to undo a Trump-era rule that allowed the transport of LNG via train cars, and that was published in a regulatory filing that was published in the Federal Register, and that was back on Friday.
So the LNG transport on rail tanks will be permitted until the Department of Transportation proposes and finalizes a rule on LNG rail transport, or until June 30, 2025.
So what we're seeing here is they're shutting down everything in this country and they're going to continually make these moves.
Why?
Because they're going to bring us into the Green New Deal.
This is their entire mission.
Now since Trump countered their plan with war back in 2016, because remember it was the 16-year plan, he also countered the plandemic Now, the people, since the veil has been lifted, the people can see everything that's going on.
And as people see all of this play out, what are people doing?
The people are saying, I can't believe what I'm seeing.
No gas stoves, no hot water heaters, no heat furnaces to heat the home.
You want us to go to all electric?
The electric car industry is a complete and utter disaster.
This is something that we the people do not want and this is going to get worse and worse for them especially when you start to look at Biden's Inflation Reduction Act because the Inflation Reduction Act includes hundreds of billions of dollars in subsidies for green energy yet Renewable developers right now, they want more money because they're saying the subsidies that they're getting, they're just not enough because these companies are failing left and right.
And according to a report late last month by the New York State Energy Research and Development Authority, Large offshore wind developers are asking for an average 48% price adjustment in their contracts to cover rising costs.
The Alliance for Clean Energy New York is also requesting an average 64% price increase on 86 solar and wind projects.
And right now, this is a complete and utter disaster.
And they're asking for bailouts right now.
And the program just started.
Where do you think this is all going to lead?
It's going to lead to a place where none of this stuff actually really happens.
Just like the train, the high-speed train that they were building out in California.
And if you look at Jennifer Granholm, the energy secretary, didn't her electric bus corporation that she was investing in, didn't that go bust too?
It looks like everything that they're trying to do is not working, and this is exactly what the people are seeing.
And their entire Climate change, global warming, the earth is heating up, well that is completely falling apart right now.
And even though the fake news is reporting that oh this was the hottest summer we've ever seen, CBS News is saying this, Guardian, Associated Press, all of them, well this is completely fake, phony, and false.
Because when you compare Today, with Earth's history, this summer is unusually cold.
And what's very interesting, researchers from the Smithsonian Institution surveyed the Earth's temperatures over the last 500 million years, and from the graph you can see that the Earth has been much hotter for most of the past 500 million years.
And actually, if you look at today, if you go back to the 50s, the Earth has been cooling.
Not warming up because when you look back in history you can see there were much much hotter times throughout earth history and now the earth is cooling down so this entire idea that the earth is warming up in this global warming it's fake phony and false just like everything else and this is not the hottest recorded period of time because when you go back in time you can see The Earth was much, much harder.
And yes, the temperatures move up, they move down.
And why is that?
Because we have a cooling period, we have a heating period.
And yes, the climate is always changing.
So everything that they're trying to do is once again a gigantic hoax.
Just like they're trying to convince us that the economy is doing absolutely well and everything's great and the Biden administration out there saying that his entire economic plan is working.
Well, the people are feeling something completely different.
I do believe Trump and the Patriots, they're going to be using this to their advantage in the end, because when you start to look at the economy and you start to look at what's really happening in this country and around the world, you can see the people are struggling right now.
Credit card and car loan default, they're hitting a 10 year high.
Inflation is continually moving up and up and up and people are having a very difficult time.
Making ends meet.
Now, if inflation is hitting and people are losing their jobs and your money doesn't go as far, what do people do?
They resort to credit cards.
And that is exactly what is happening right now.
Right now the low and middle income earners, they have especially been hit very, very hard.
And everything from rent, groceries, new and used cars, despite the Federal Reserve's attempt to tamp down High inflation, it is not working, and the people are struggling.
This year, credit card delinquencies have hit 3.8%, while 3.6% have defaulted on their car loans.
And people are struggling right now.
So the people are looking at the Biden administration, looking at the Treasury, looking at the Fed, saying, oh no, don't worry, we got everything under control, the Bidenomics is working, the Inflation Reduction Act is working.
Well, the people see something completely different.
And what's very interesting is that there are 70 million more credit card accounts open now than before the pandemic in 2019 and credit card debt surpassed 1 trillion for the first time ever.
So that tells you everything you need to know and the people are feeling the crunch people are feeling.
The economy completely imploding around them and the people, they're going to get pissed off, they're going to get angry in the end, and they're going to want to know why this is happening when they're telling us that the economy is doing well.
Now, once again, I do believe Trump and the Patriots, they're going to be using this to their advantage because as we approach the 2024 elections and as we go throughout 2024, I do believe the economy is going to break down even further.
And the people are going to start to realize that the Biden administration, they've been lying the entire time, and they won't be able to cover this up, especially as inflation picks up and as fuel prices move up.
And there's just so much the Biden administration can do to keep the fuel prices down.
Yes, they can use the Strategic Petroleum Reserves, but it is at its lowest point since the 80s right now.
And remember, we need that for disasters or a war.
So if he's using all this up and war is approaching, what does that mean?
That means the country's going to be in trouble.
Let's talk about protecting our wealth.
Do you want to take control of your financial future, but you don't know where to start?
Noble Gold Investments understands.
Investing in precious metals may sound confusing, but the team at Noble Gold Investments makes it easy.
Let's hear from the actual Noble Gold Investment customers.
One customer said, the staff answered all my questions and helped me every step of the way.
Another one said, no pressure, sales tactics, just honest guidance.
Another one, secure my future is less stressful thanks to Noble Gold expertise.
So don't settle for financial uncertainty.
They'll suggest options and see if you can diversify into gold and silver.
Right now, Noble Gold Investments is offering a free five ounce silver American the Beautiful bullion coin for qualified accounts.
Don't settle for financial uncertainty.
Mobile Gold Investments has an A-plus rating with the Better Business Bureau and countless five-star reviews.
Why wait?
Go to x22gold.com, that is x22gold.com, or click the link in the description.
This is the only gold company I trust.
And remember, there's always a risk of investment and there's no guarantee of any kind.
And when you look at fuel prices right now, fuel prices are starting to move up.
The average price of gasoline oil grades across the U.S.
last week, after surging for three months, exceeded the price in the same week a year ago for the first time since February of 2022.
According to the EIA data, the average price is about $3.93 per gallon, was up by 1.7% from the same week in September a year ago, which was $3.86.
So fuel prices are continually moving up, and Russia and the Saudi prince, they're saying, okay, we're going to keep the cuts, which means the fuel prices are going to continually move up and up and up, which means eventually what's going to happen is the Biden administration, they're going to have to release the strategic petroleum reserves to they're going to have to release the strategic petroleum reserves to try to control this, because if they don't, the people are going to get very They can't just let the fuel prices just continually rise to $9, $10, $11, $12.
I guess they can.
But if they do that, the people are going to realize, hey, you don't have anything under control.
Everything's out of control and it's getting worse.
So what they like to do is they like to use the strategic petroleum reserves, hold it at a certain price for a couple of months, and then allow the price to move up a little bit more because people get used to that price.
But I don't think it's going to work this time because the people are seeing exactly what's going on and they're feeling the crunch every single day.
And when you start to look at the economy and you look back to 2008-2009, When we had the Great Recession, you can see that we are surpassing that period of time.
The only thing that's keeping everyone in this illusionary state is that the market didn't collapse.
If the market collapsed right now, everyone would say, recession, depression, holy crap, look what's happening right now.
Because that is the last signifier that everything fell apart.
Remember, before 2008-2009, actually the year 2008 in October when the market crashed, during the summer and the spring of that year, the entire economic system was breaking down rapidly, even though the Fed was saying that they're not forecasting any type of recession.
But the Kobese letter, they put this out on X and said, since the Fed started raising rates in March of 2022, a record 862 billion in bank deposits have been withdrawn.
The previous record?
$70 billion in 2008 financial crisis.
That means that approximately 12 times that deposits are leaving banks in 2008 and have been withdrawn in the last 1.5 years.
All while the regional bank crisis led to the second and third largest bank collapse in U.S.
history.
Higher rates are changing the world.
And they are changing the world.
So why are all these deposits leaving?
Are people using this to survive?
Are people using this to transition and move it into other type of currencies or other type of investments?
Maybe, maybe not.
But we could see this is a lot worse than 2008-2009.
And when you start to look around the country, fuel prices are much higher.
We're seeing layoffs, bank failures.
We're back where we started, but I do believe that this is not going to be a great recession.
This is going to be an unbelievable depression.
And I do believe, in the end, Trump and the Patriots, they knew the central bank, the World Economic Forum, was going to bring us down this path, and they needed them to destroy their own system.
Listen, they were going to destroy it no matter what.
Their plan was always the Great Reset, the Green New Deal.
They actually wanted to have it with a war.
That's why they wanted Hillary Clinton to come into the White House.
She was going to bring us to war.
We were going to have the Great Reset, the Green New Deal.
They were going to be able to destroy everything, then rebuild.
And no one would question anything that they're doing.
Well, they never expected her to lose.
They never expected Trump to come into the White House, become the president.
And he actually countered their entire plan.
They saw an opportunity in 2020 to use that same exact plan that they planned on in 2016.
But the problem was Trump countered that plan and the people weren't afraid in their homes.
The economy didn't collapse and the people decided to go out and work again and live their lives.
So now they have to do all of this.
While the people are watching.
They didn't want the people to watch.
They didn't want people to see any of this.
They wanted to do this in the shadows.
When the population was reduced and there was death and destruction, that's what they really wanted to do.
So now, the people of this country and the people of the world, they can see every step they make.
And every step they make, what do they do?
The people are saying, absolutely not.
We're not going for this.
You're shutting down everything.
How are we going to live?
How are we going to cook?
How are we going to heat our homes?
And the companies that you're saying are going to replace everything that you're shutting down, they're going bankrupt.
They don't have money.
And the government has to provide more and more money for this.
This is not a plan.
This is going to be a complete and utter disaster.
And I do believe this is why a lot of people, they're going to be looking at the Central Bank, looking at the World Economic Forum, the Biden administration, saying, OK, I need to protect myself.
I need to do something to make sure when this system comes down that I'm not screwed and that's why a lot of people are looking at Bitcoin.
That's why a lot of people looking at gold and silver land and the people they're moving whatever they have to these areas just to protect themselves.
And you can see, anything the Central Bank says, it's always the opposite.
Anyone that is in line with the Central Bank, in line with the Deep State players, where they're telling you, oh, gold is a barbarous relic, oh, don't look at Bitcoin, don't look at any alternative currencies, the dollar is the best and the Central Bank digital currency is even better than the dollar.
Well, all those people have always been wrong.
The only times they were right is pretty much never.
And all they want you to do is listen to them so they can bring you into the Great Reset, the Green New Deal.
Let's go back in time a little bit.
Remember 12 years ago when we had Paul Krugman?
He's a Nobel Prize winner and he looked at Bitcoin and he was very skeptical of Bitcoin and he criticized and dismissed the cryptocurrency.
And he said, listen, this is not going to go anywhere.
It's not going to be a currency.
And when he said this, it was at $7.
Since then, The price of Bitcoin went up 365,999%.
That tells you everything you need to know.
And it's the same with gold.
Remember when Ron Paul was questioning Bernanke, saying, you know, do you keep gold?
What is gold?
And he said, no, no, gold is a barbarous relic.
Nobody uses that anymore.
The dollar is king.
The Federal Reserve note is king.
Well, it's the same thing.
They're always trying to push you away from the alternative currencies.
They only want you to use the central bank currencies.
But I believe in the end, their entire push is going to backfire.
And it is backfiring on them because the people, they're not scared in their homes.
There's not death and destruction.
I do believe Trump and the Patriots wanted the population of the United States and the population of the world to see what their agenda truly Is and what they were going to try to do.
And when you watch it and when you hear them, the people, they start to question it and they start to say, this is not something that we want.
I don't want to eat bugs.
I don't want to live in a little tiny area where I can't travel.
I don't want to go all green where there's solar power and wind power.
And if there is no wind, if there is no sun, I just don't have electric.
The people, they're watching this play out and the people of this country and the world are going to push back on the central bank.
And this is one of the best weapons to push back The entire agenda of the World Economic Forum in the Central Bank, because you need the world to push back.
And the only way the world can push back is you need to show the world what they're trying to do.
Think about it.
If we were in the true pandemic and everyone was afraid in their house and there was a virus that was killing people and the supply chains just froze up and the economy imploded.
You wouldn't see what they were trying to do.
They would just tell you, this is what we need to do with the reduced population.
If there was a war and cities were destroyed and populations were decimated, the people wouldn't care and they would just tell you, this is what we're trying to do.
They wouldn't pay attention to it.
All of that is removed.
The people now have an opportunity.
The people have an opportunity to push back.
And the only way to push back is to understand what they're trying to do.
If you understand what they're trying to do, then you can say, you know something, this is not going to work for us.
And you can get the entire country, you can get the entire world Together on this, because as the economy implodes, as they push their green agenda, as they push the Great Reset, the people in the end, they're going to say, OK, you've been pushing this now for four years.
Everything is destroyed.
The energy sector is destroyed.
We have no manufacturing.
We can't produce anything.
Look at the people out in Germany.
That's what they're saying right now.
The people then can say, all right, enough is enough.
We're not going in that direction because your direction is not going to work for us.
We're already seeing it.
We want to go in a direction where it's going to benefit us.
We want to go in a direction where it's going to help us in the end.
And that's where people are going to make the final decision.
I doubly trump the patriots.
They needed the people, they needed the world to see exactly what the World Economic Forum, the Central Bank, What they're trying to do.
And once they see it, they can then think logically and fight back.
And this is how we destroy, not just the deep state, but the central bank and the World Economic Forum from pushing us into what they want us to do.
And the people, in the end, they will make that decision and say, absolutely not.
Just like the people, they went out and they processed against vaccine passports.
They saw what was going on.
They saw what they were trying to do, and the people rejected it.
The same thing is going to happen now.
The people are going to reject the central bank digital currency.
The people are going to reject the Green New Deal.
Trump, the patriots, they're showing you everything that they're trying to do.
This way, we all can push back, and we are going to push back, and we're going to push back very hard.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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