All Episodes
Previous Next
Sept. 27, 2023 - X22 Report
22:51
Ep 3174a - [JB]/Fed Will Not Take The Blame For The Depression, People Buying Gold From Costco
| Copy link to current segment

Time Text
Music. Music. Music. Music. Music. Music. Music. Music. Music.
Hi, and welcome and welcome to
You're listening to the X-22 Report.
My name is Dave in this episode 3174 AM.
Today's date is September 27th, 2023.
And the title of the episode is Joe Biden Fed Will Not Take the Blame for the Depression.
People Buying Gold from Costco.
Let's talk about our health.
Have you ever wondered why skin might look leathery as we age?
That's because our bodies slowly start producing its most important nutrient for skin health, collagen.
The result is our skin begins to get thicker, tougher, and worn appearance.
This can be as noticeable as 10% per decade because that's the rate at which our bodies start producing collagen.
That's why tens of thousands are turning to this amazing new substance to replenish this diminishing but vital protein.
It uses the top five critically important types of collagen to support skin elasticity, hydration, and to bring back that youthful glow.
The best part is it tastes better and is more effective than alternatives like bone broth.
Plus, it's easy to blend into your favorite drink of choice.
Most importantly, you can save 53% off this month month plus for a limited time you'll receive several free gifts including free shipping a 60 day satisfaction guarantee free vip live health and fitness coaching for life and a free new ebook titled the 14 foods for amazing skin all at no extra cost to you go to health with x22.com or click the link in the description below before this once in a lifetime deal sells out let's get right into the economic collapse financial news
Now, the deep state, the corrupt politicians, the private West Central Bank, the World Economic Forum, they never wanted this to play out this way.
They never wanted the people awake.
They never wanted people to understand that there was inflation like we're seeing today.
Actually, it's a lot worse.
They never wanted the people to understand that, hey, my value of my currency is declining every single day and it's getting worse and worse as time goes on.
They never wanted people to see the Green New Deal, the Great Reset, They didn't want the people to know about the central bank digital currency and how they were going to control everything that you did.
They never wanted the people to see any of this.
And what are people seeing?
The people are seeing all of it.
And we can see just from yesterday, we are seeing people fight back against the central bank digital currency.
And I do believe this will pick up steam as time goes on.
We're starting to see people now they're purchasing gold.
Where?
Costco.
Why would they be purchasing gold in Costco?
If everything is incredibly fine, if the economy is doing great, we have incredible amount of jobs, there is no inflation, fuel costs are fantastic, why would people be going out and purchasing gold?
Because all of that is a lie and that's what the Biden administration, that's what the Treasury and the Fed are telling the people.
They're telling the people lies and the people are seeing through the lies and the people understand there are major, major problems.
Like we said from the very beginning, we are already in a recession.
Yes, I know the government didn't report on it, the fake news didn't report on it, but this is what they do every single time.
Months later, they will tell you, hey, by the way, I don't know if you know this, but the recession started in 2022.
Yeah, we didn't realize it, but we went back in time and we said, yep, this is when it started, 2022.
Same thing's going to happen with the depression.
But now you can see what's really going on.
You feel it every single day.
The people are feeling the crunch.
And people, they don't have to listen to what the fake news is saying.
They don't have to listen to what the Biden administration is saying.
Because in reality, they understand what's going on.
This is why you're seeing all the videos of all these people saying, listen, this is what I paid for food in 2020.
It has tripled in 2023.
This is what I paid for fuel back in 2018, 2019.
Now it's double and in some places it's tripling.
The people now see the difference.
They don't need the fake news.
They don't need the Biden administration.
They don't need the Fed.
They don't need the Treasury to tell them what's happening.
And this is the major problem that they're having.
Because when the people are walking through it and the people are experiencing it, they do not need the government and the fake news to tell them how they should feel.
Because they're already feeling the economic pinch.
And the people, since they're feeling this economic pinch, they're wondering, how can I protect myself in the long run?
If my currency is losing value and I see something bad is coming, what do I do?
Do I invest in Bitcoin?
Do I invest in land?
Do I purchase gold?
And yes, these people are doing all of the above.
Because the people are nervous.
The people are afraid.
And we'll be talking a little bit more about this a little bit later.
But first, let's talk about what's happening out in China, because we know that Evergrande, they're having major, major problems.
They're in the middle of a restructuring, and it looks like it's not going too well.
Genevieve Rochdekter put this out on X and said, Billionaire chairman of China Evergrande has been placed under police control.
I guess the debt restructuring is not going well out there is it?
Now the other thing that's very interesting and we've said this many many times before the economy is going to really start to break down around Europe and many other nations and it's going to come back here to the United States and we're already starting to see this happen out in France and I do believe this is going to be picking up in Germany because Germany is a complete and utter disaster.
Remember, that is the template for the Green New Deal, the Great Reset, and everything that they're pushing right now, all their policies, it is destroying the country.
It's destroying their manufacturing.
It's destroying their economy.
And the people are going to have a very, very difficult time moving forward.
But out in France, what are you seeing?
You're seeing students, they are now lining up in France to receive a distribution of food aid.
Why?
Because they're experiencing inflation.
The middle class, lower class, they're experiencing this.
And as the economy gets worse and worse every single day, you're gonna see food lines like this.
Now, when did we see lines like this?
Wasn't this back in the Great Depression?
Where people were standing on lines.
They were on soup lines, bread lines.
They just needed to get any type of food.
They needed to feed their family.
Well, we're starting to see the same exact thing once again.
And as this gets worse and worse, the people are going to start to realize that these installed people that are They're going to realize that they've been lying to them this entire time.
Here in the United States, the people are already starting to realize that Biden has been lying for a very long time.
He's continually lying and no matter what he does, it's not working out for him.
Now, as soon as Biden heard that Trump was going to visit the United Auto Workers, all of a sudden Biden said, you know something?
I'm going to go there and I'm going to go to their picket lines and I'm going to You know, picket with them.
Well, he spent an incredible 12 minutes with those individuals.
But the people, they see through this.
The people out in Michigan, they understand that if they continue down this path and all they do is build electric vehicles, it's going to be a complete and utter disaster.
And this is what Trump continually says.
If they continue down this path, it's going to be a complete and utter disaster.
Now, what's very interesting is that there were autoworkers that were being interviewed and Citizen Free Press put this out on X and said, black autoworkers tell Biden to take his electric vehicles and shove it.
They said we have been the backbone of these companies for so long, trying to push us out to these electric vehicles.
It won't last.
We're hardworking.
We have families.
We need this.
And the people are fighting back because they understand that going down the path of the Green New Deal is going to destroy America.
It's going to destroy manufacturing.
It's going to destroy almost everything in this country.
Actually, that is the plan.
Of the Central Bank, the World Economic Forum, and the Deep State players.
They want it all destroyed because they want the country looking like a third world nation.
And this is what they've been pushing for a very long time.
But now I do believe the people, they see this, they understand this, and now they're fighting back.
No matter what Biden says, even though he shows up, you know, to picket with them for 12 minutes, The people, the majority of the people, are not going along with them.
And the people see the entire economic system completely falling apart.
They see that it's getting harder and harder to live.
And what's very interesting is that baby boomers are becoming homeless at a rate not seen since the Great Depression.
There's that Great Depression word again!
The people are feeling like it is the Great Depression.
And when you look at what has been happening in the past, you can see that the series of recessions, high housing costs and a shortage of affordable housing, older adults are now the fastest growing segment of America's homeless population.
And this is according to a report by the Wall Street Journal, based on the data from the Department of Housing and Urban Development.
So what's changed?
Well, after living through multiple recessions, leaving some of them with little savings, aging boomers are also now contending with insufficient affordable housing.
Low-cost assisted living centers are extremely limited, with labor shortages, inflation, and reduced funding, putting facilities at risk of closing.
And even rent is becoming increasingly out of reach in certain areas, like Massachusetts, New York, and Florida.
During the COVID-19 pandemic, Florida resident Judy Schroeder told the Wall Street Journal the apartment building she was living in was sold to a new owner, raising her monthly rent by more than $500.
Schroeder lost her part-time job, leaving her living off Social Security alone and couch-surfing for months before she finally found a place in late August.
I never thought a 71 year old that I would be in this position and a lot of people are finding themselves in this position because remember when most of these people retire they're on a fixed income and if there's inflation and you have just inflation on food inflation on fuel costs and you add on top of that the rent continually moves up insurance continually moves up people they can't make ends meet and becomes very very difficult
To survive and this is what the people are starting to see and this is why we're having a major problem at the end of their life cycle right now because they're realizing I worked this hard all throughout these years and as the economy breaks down it's getting in harder and harder for me to make ends meet.
Now in the beginning when they first started out back in the 70s or 80s it was fantastic because you were coming off the gold standard.
Let's talk about our health.
Have you ever wondered why skin might look leathery as we age?
That's because our bodies slowly stop producing its most important nutrient for skin health, collagen.
The result is our skin begins to get thicker, tougher, and worn appearance.
This can be as noticeable as 10% per decade because that's the rate at which our bodies stop producing collagen.
That's why tens of thousands are turning to this amazing new substance to replenish this diminishing but vital protein.
It uses the top five critically important types of collagen to support skin elasticity, hydration, and to bring back that youthful glow.
The best part is it tastes better and is more effective than alternatives like bone broth.
Plus, it's easy to blend into your favorite drink of choice.
Most importantly, you can save 53% off this month.
Plus, for a limited time, you'll receive several free gifts including free shipping, a 60-day satisfaction guarantee, free VIP live health and fitness coaching for life, and a free new e-book titled The 14 Foods for Amazing Skin.
All at no extra cost to you.
Go to healthwithx22.com or click the link in the description below before this once-in-a-lifetime deal sells out.
Inflation felt fantastic because the house prices went up, your salary went up, and everyone thought this was incredible.
But this was an illusion.
And the people now are seeing the illusion because we're at the end of the system.
That was the beginning of the system.
We're at the end of the system.
And at the end of the system, everything starts to collapse.
And I think the people are realizing that everything is starting to collapse.
And when you start to look at the housing market, the housing market is about to collapse.
And when you look at the interest rates, you could see what is happening with the interest rates because it's throwing a lot of people out of the market.
It's making it very difficult for people to sell their homes.
And for those people that are purchasing their homes, they can't afford them.
Brit Republic on Telegram put this out and said, Average interest rate on a 30-year mortgage rises to 7.75%, the highest since November 2000.
This is officially more than a whole percentage point above the 2008 highs.
Mortgage rates are now up 500 basis points in just over three years.
The payment on a $500,000 mortgage has gone from $2,000 to $3,600 a month.
mortgage has gone from 2000 to 3600 a month.
That's an 80% increase, not including taxes and insurance.
And that's absolutely true.
And when you look at the housing bubble back in 2006-7, as we approach 2008, it was pretty big.
But when you look at the housing bubble now, it's twice the size.
Which tells you everything you need to know.
Which means things are going to come crashing down.
And I do believe Trump and the Patriots, they knew that the deep state, the central bank, the World Economic Forum, if they moved ahead with their agenda, they knew that they were going to bring this economy to its knees.
And remember, this is a central bank economy.
It's an illusion economy that they set up.
It's one gigantic illusion.
It's the system that they want you to believe that this is how the economy is supposed to be run.
Actually, it's their system, and their system fails the people every single time.
They don't want the world to see what a true economic system looks like.
So they need to keep control around the world.
But now there are countries that are breaking free.
And the people in the other countries are starting to realize, wait a minute, without the central bank, we're much better off.
And I do believe here in this country, we're going to experience that as time goes on.
And what's very interesting is as we approach that period of time, people are starting to realize and notice that they need to protect their wealth.
And this is why you see people purchasing Bitcoin or transitioning their fiat currency into Bitcoin.
This is why you see people purchasing land, hard assets.
This is why you see people purchasing gold.
And we're gonna be talking about that in just a little bit.
But first, We can see that the Rhinos, the Dees, the Swamp, they don't want the government to shut down and they're trying everything and anything to make sure the government doesn't shut down.
So, the House, they are now not doing that much.
They want the government to shut down.
They want to put pressure on the deep state players.
But the Senate, which is filled with rhinos and D's, the swamp creatures, they introduced a stopgap funding bill that includes 6.2 billion for Ukraine.
You see, their major concern here is Ukraine.
They got to keep the money laundering going.
They need to keep Zelensky paid off.
And this is what they're most worried about.
So the Senate came up with this.
Does this mean the House is going to go along with it?
Most likely not.
They're trying everything and anything.
And what's very interesting about this is that when the government shuts down, people that work for the government, they're not going to get paid.
But those in Ukraine, Ukrainian workers, they will be paid by the U.S.
taxpayer.
Does that seem right?
Absolutely not.
Actually, Rand Paul explains that this is completely unconstitutional.
U.S.
government workers will not be paid, but Ukrainian workers will be paid by the U.S.
taxpayer.
There's nothing in the Constitution that allows for spending like this to another country.
The spending clause in our Constitution says that Congress can spend according to its enumerated powers, the powers given to it by the Constitution, and also for the general welfare.
So it's illegal for the U.S.
government, if they wanted to give $100 billion to my state of Kentucky, they can't do it.
That would violate the General Welfare Clause.
What do you think it violates to send it to another country?
Our framers never imagined in their worst nightmare that we would send that much money overseas.
But it violates every precept of the Constitution, and I'm going to do everything I can to stop them from sending any more.
And once again, the Deep State players, what are they doing?
They're pushing their agendas that are completely unconstitutional.
You could see it with the censoring, you could see it with the Second Amendment, you could see it now with the funding of Ukraine.
And the people now are getting wind of this and the people are getting pretty darn pissed off because remember, the hardworking people of this country They are not taking in as much as they used to.
A lot of it's going out from all these expenses, plus they're paying taxes, and they're sitting there going, holy crap, all my money is going to Ukraine to help them?
What about this country?
What about our crumbling infrastructure?
What about all the poor people?
I mean, think about it.
We're giving millions, or I should say billions upon billions of dollars in all these cities to house illegals.
And just a couple years ago they said, we can't help the homeless, we can't feed the homeless, we have no money.
But they have plenty of money to pay for the illegals.
No problem whatsoever.
Remember when Elon Musk was buying Twitter and everyone was out there, hey you should take that money and help the homeless.
Well, how come nobody is saying, hey, you know the billions that we sent to Ukraine?
Maybe we should feed the homeless.
Hey, you know the millions of dollars or billions of dollars that New York and Chicago and Massachusetts and California are all paying to keep the illegals housed?
Maybe we should take that money and help the homeless.
You know, United States citizen, the people that are part of this country?
You know, not those that came in illegally.
How come, where are those people?
Anyone see them?
No, they're nowhere to be found.
And you're never gonna hear from them.
They only come out when the deep state and the central bank tells them to come out.
Now, the people, they're starting to realize and understand that the economy is completely imploding on itself And actually, Fitch Ratings is out there letting everyone know that we're heading into a terrible period of time.
I'm Genevieve Roke-Dector on X, put this out and said, Fitch says multiple headwinds will markedly slow US consumer spending in the first quarter of 24.
Labor market is cooling, wage growth is slowing, excess savings is waning, rate hikes effect kicking in, debt service climbing, real consumer spending is expected to contract at negative 0.8%, and it's gonna get a lot worse.
But remember, when everything starts to break down, The Deep State players, Joe Biden, the Fed, the Treasury, they're going to blame this on everyone else.
Because in the past, what did they do?
Well, the fuel prices are going up.
It's because of Ukraine.
Oh, the fuel prices are going up.
It's because of Putin.
Oh, the fuel prices are going up because of the right-wing extremists.
That's why.
They make excuses for everything, and they lie to the people.
So when we head towards a depression, they're going to blame this on everyone else.
They're going to blame it on Putin.
They're going to blame it on Ukraine.
They're going to blame it on COVID now.
They'll blame everyone else.
But the problem with all of this is that the people are going to see through this, just like they see through everything else.
The people Will not believe in what they're saying.
And the people will know that they are responsible.
How do we know that people are starting to wake up?
How do we know that people are starting to fight back?
Well, yesterday, we had an individual talking about central bank digital currency.
That person is awake.
The people are now protesting against the central bank digital currency.
There are polls out there that say that people do not want to go to the central bank digital currency.
And something else happened that is very, very interesting.
And it looks like we now have people Going to Costco and purchasing gold bars.
Now Jim Cramer, he put out a post and he said something very interesting, trying to deflect the blame and trying to convince everyone that this has nothing to do with inflation.
He said, Costco has been selling one ounce gold bars.
They sell out in a couple of hours.
Limit one per customer.
I think that's less about inflation and more about anxiety.
Well, We know not to believe anything he's saying.
We know to do the opposite.
Because every time he tells us something, the opposite always happens.
And why do you think the people are going to Costco and they're purchasing gold bars?
Is it because they just like gold all of a sudden?
Or have they been doing research?
Have they been looking around saying, you know something?
What is real money?
Gold.
Does that hold up against a downturn in the economy?
Does that hold up against inflation?
Yes, for thousands and thousands of years.
So what are people doing?
They are protecting their wealth.
They're starting to wake up.
They're starting to realize this.
And I do believe that this is going to pick up as time goes on.
And you're going to see a lot more people say, okay, I'm going to buy a little bit of gold.
I'm going to buy a little bit of Bitcoin.
Maybe I should invest in land.
And you're going to see more and more people do all of this and transition their fiat currency because that's really what it is.
You're not really purchasing gold.
You're not really purchasing Bitcoin.
Yes, you're purchasing land, but you can also think of it as a transition.
You're moving out of a currency that is losing value every single day, and you're putting it into a currency or a hard asset that is going to maintain itself through The depression.
Now, people have done this through the Great Depression.
And the people held on to their gold because they realized that this protects them in the end.
Now, why do you think during the Great Depression the US government wanted the gold from the people?
Because this was going to prop up the system.
But those people that didn't hand it in and they hid it and then used it later on, well, they were able to keep their family's wealth.
Now, once again, it looks like the people are doing the same exact thing.
They're going in there and they're purchasing it.
Most people don't know where to get it.
Just like a lot of people don't know where to get Bitcoin.
It's getting a lot easier as time goes on.
Bitcoin, you can now do it through your financial institution.
It's much easier to access.
Gold is a little bit more difficult, but it looks like now that there are certain places that are selling it, people are now saying, you know something, this is what I want.
And it wouldn't be selling out in a couple of hours if people didn't realize what was going on.
And it looks like the people are waking up and the people are preparing for what is coming.
And in the end, since the people know what's coming, they're going to make the final decision.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
▲
Export Selection