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Oct. 9, 2023 - X22 Report
23:40
Ep. 3182a - Biden’s Economy Is Built On Lies, It’s An Illusion, Economic Truth Will Win
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Thank you.
Hi and welcome to the show.
You're listening to The X-22 Report.
My name is Dave and this is episode 3182A and today's date is October 9th, 2023.
And the title of the episode is Biden's economy is built on lies.
It's an illusion.
Economic truth will win.
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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, everything they're trying to do is completely falling apart.
And why?
Because people can see through the lies.
Remember, Bidenomics is one gigantic lie.
It's an illusion.
And people see the truth, that people see that, hey, this Green New Deal, the things that you're pushing, like electric vehicles, solar power, wind power, we want to get rid of all gas-powered stoves, gas-powered furnaces, and everything else.
We could tell that That's not going to work.
It's going to destroy the entire economic system.
And we see through your plan.
That's what the people are saying right now.
And the people, they're looking at the entire thing going, holy crap.
He's been lying from the very, very beginning.
And really think about he lied about fuel.
He lied about inflation.
He lied about jobs.
He lied about the IRS, which we'll be talking about in just a sec.
He lied about, oh, we can make this entire country green by going to solar and wind.
Net zero.
It's not going to work.
And the whole thing is completely and utterly falling apart.
All this information that is coming out about the jobs that he's creating, there are no jobs that he's creating.
It's an illusion.
They're playing with the numbers.
The economy is heading towards a depression, a recession that we're in right now.
We're heading into a depression and Trump has been calling this out.
Remember, Biden is the liar.
Trump is the truth teller.
And in the end, the people are going to see the difference.
And people are already seeing the difference because when you look out in California, what do people say?
The people see the governor out there pushing the Green New Deal.
And is this going to help the businesses out there?
It's going to help the people out there?
No, it's going to destroy their way of life.
And people are actually experiencing this.
Right now Newsom, he has signed a law requiring big businesses to disclose emissions.
So large businesses in California, they're going to have to disclose a wide range of planet warming emissions under this new law that they signed.
Now he signed this on Saturday.
And now the law requires more than 5,300 companies that operate in California and make more than $1 billion in annual revenues to report their direct and indirect emissions.
That includes things like emissions from operating a building or a store, as well as those from activities like employee business travel and transporting their products.
Now, they're going to start off with those businesses that are making over a billion, but we know how this all works.
Go back to the very beginning in 1913 when the Central Bank came into existence.
They said, we're only going to tax the billionaires, the very, very wealthy, the one percenters.
And then what happened?
Everyone was taxed.
The same thing is happening right now.
And we can see that the people of California, they're looking at this going, holy crap, you're going to destroy the businesses in California.
The California Chamber of Commerce, the agricultural groups and oil giants, they're opposing this law saying it will create new mandates for companies that don't have the experience or expertise to accurately report their indirect emissions.
They also say it is too soon to implement the requirements at a time when the federal government is weighing emissions disclosure rules for public companies.
And the measure could create duplicative work if the federal standards are adopted.
In another statement, the Chamber of Commerce, President Jennifer Barrera, said the law will be burdensome to businesses.
It will destroy businesses.
That is what is going to happen.
And what do you think businesses are going to do?
You think they're going to stay there and go, hey, this is incredible.
I love it.
We got to produce all this information.
It's costing us a lot of money and we're not making a profit.
Our businesses now are suffering because what do you think is going to happen when they produce this information?
They're going to get taxed.
They're going to say, you have to limit this.
And what do you think companies are going to do in the end?
They're going to say, yeah, we're out of here.
Bye-bye.
We're going to leave California.
We're going to go to Texas.
We're going to go to Tennessee.
We're going to Florida.
Any other place except there.
Just like the people in that state said, you know something?
All these policies that you're pushing, we can't take it anymore.
We can't afford to live here.
Inflation is out of control.
Fuel prices are out of control.
You're doing nothing to help the situation.
You're actually making the situation worse.
So we're leaving.
And the same thing is going to happen with businesses.
Actually, already businesses are moving out of the state.
And I do believe this is going to accelerate that like we've never seen before.
And we could see that the small businesses around the country, they're actually suffering right now.
They realize that the economy is falling apart.
They feel the pain right now.
And 73% of small businesses, they have reported that rising interest rates were having a negative impact on their businesses.
And yes, it is having a negative impact, not just on small businesses, but on everyday people.
And it's hurting the entire economic system.
Unusual Wales put this out and said, investors say that prices in commercial real estate are going to undergo a severe crash.
And investors now, 65% of them are saying, yes, this is true.
The entire system is going to fall apart.
And as we go through 2024, what do you think the Biden administration is going to do?
They're going to lie about it.
They're going to tell you that everything's great.
Inflation is under control.
Fuel price is under control.
We brought it down from 450 down to 370.
Don't you love it?
Now you can afford fuel?
No.
It's one gigantic lie.
The same thing with jobs, the same thing with everything else.
Unusual Wales again put this out on X and said 50% of young adults are living with their parents on all-time high per Morgan Stanley.
Why are they living with their parents?
Because they can't afford to be out in the real world.
They can't afford to rent.
They can't afford to purchase a house.
Not on the salaries that they are receiving.
This is why we're seeing so many videos of these young individuals saying that they can't afford to live.
They work.
They come home.
They pay their bills.
But they have no leftover money.
They can't afford it.
And as inflation picks up, it's just going to get worse and worse.
And we could see that the Biden administration, they lied about the job market.
The job market, it didn't bounce back.
The job market isn't roaring right now.
When we came off of COVID, everyone went back to the jobs that Trump created.
Actually, Biden lost about 3 million jobs at that point.
And now what are we seeing?
We see the administration, and we're talking about the Biden administration, they're playing with the numbers.
Peter Seong, PhD, put this out and said, The it's not a recession argument hinges on one number, 3.8% unemployment.
But it turns out counting missing workers takes unemployment to almost 7%.
Well, almost half of new jobs are either part-time or double counting.
The jobs we do have are dominated by gig work.
And this is what they've been doing for a very long time.
They've been manipulating the job numbers.
Those people that aren't looking for work or they gave up looking for work, they don't count them anymore.
But when you start to factor those people in, they still want a job, they're still looking, but it's over the time period.
So if you factor them in, the unemployment rate goes way up.
Actually, if you go back to the calculation back to the 70s, because remember, they changed the calculation as time went on because the central bank system breaks down.
And they needed new ways to make it seem like the economy was OK.
They did it with inflation.
They did it with the jobs.
They did it with GDP.
They keep changing things.
Why?
Because their system breaks down over time.
And if they kept the original calculations, everyone would notice it.
Everyone would see it.
Why do you think they do inflation on a yearly basis?
They don't do it cumulative because people go, OK, what's our inflation?
Three thousand percent?
Holy crap, the dollar is worth absolutely nothing.
They don't want people to know that.
So if you do it every year, you can say, yeah, look, it's hovering around 2.5 percent.
Not that bad.
It's exactly where we want it.
But it's a lie once again.
Wall Street Silver on X responded to this and said the following.
Turns out that the blockbuster job report was hiding a lot.
Almost half of new jobs are part-time or double counting, while 5 million Americans are still out of the job market.
Counting them would take unemployment to almost 7%.
The Bidenomics miracle is built on lies.
The productive economy continues to shrink.
Another couple years, all we'll have is gig workers, waitresses, and government workers.
And that's absolutely true.
And people are starting to realize this.
Because you can't lie to the people when they don't have a job.
You can't lie to the people when they have two jobs and you're saying that everything is great and they have two jobs because they can't make ends meet.
People see through it and they won't be able to keep this lie up, especially when the entire economic system comes crashing down in 2024.
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The people are going to look at the Biden administration going, holy crap, they lied.
Now it crashed.
And they're still lying.
So do you think the people are going to go with Biden?
Or Michelle?
Or the Dees?
No, they're not.
They're going to turn on them in the end.
Think about what is going to happen in 2024.
Everything is coming together right now.
To do what?
To show that they are liars, that they destroyed the economy, and if you vote for them, you will have this type of world.
If you don't want this type of world, then you need to vote for Trump.
This is where this is all leading.
And think about inflation right now.
Think about how people are earning less and less, but they have to pay more and more, but they don't have the money to pay more and more, which means taxes are going up because everything is going up.
The electric bills are going up.
Homeowners is going up.
Car insurance is going up.
Yes, taxes are going to be going up.
And when this all happens, people have to pay more to the government.
Now, what happens when people don't have the money to pay?
Well, you got to bring out the enforcers.
Why do you think in the Inflation Reduction Act, which has nothing to do with reducing inflation, actually it's causing inflation, why do you think they included the 87,000 new IRS agents?
Now I know the Biden admin told Americans not to worry, they promised at every turn that these agents Would only be set upon those earning over $400,000 a year.
But in a new report, the Treasury Inspector General for Tax Administration admitted that the Treasury would not be able to accurately distinguish between many of the taxpayers.
They don't know if they're above or below the $400,000 threshold.
When the Inspector General recommended addressing these shortcomings, the IRS declined to do so, claiming it needs to have the agility to target anyone.
In fact, the IRS went so far as to reject any threshold for defining high-income taxpayers, calling such figures static and overly prescriptive.
Now that's a fancy way of saying that the opponents of the Inflation Reduction Act were right all along.
An army of IRS agents is coming for the middle class.
This directly violates Biden's often repeated pledge that he would not raise taxes nor increase audits on those earning less than $400,000 a year.
Now, you know that this is a lie because as inflation picks up, wages go down.
You know that people are going to have to pay more taxes because taxes are going to go up.
And actually, Treasury Secretary Janet Yellen, she actually admitted that 90% of new audits would affect those earning less than $400,000.
So once again, he lied.
He lied about jobs.
He lied about inflation.
He lied about wages.
He lied about everything.
And now he's lying about the IRS agents because those are the enforcers to collect the money.
Actually, go back in time to the kings and queens and all the serfs that continually had to pay taxes.
What did they do?
They sent the people out to collect them.
And if he didn't have them, what did they do to the people?
Well, what do you think is going to happen now?
Why do you think they want the IRS agents to have weapons?
Because people are going to get angry.
People are going to get pissed off.
People are going to say, you know, you're not taking my house.
You're not taking my car.
That is what's going to happen.
And once again, he's lied to the American people, and the people are going to get angrier and angrier, especially when the entire economic system comes crumbling down.
And Trump, this entire time through 2024, he's going to be putting out messages, listen, it doesn't have to be this way.
If he just kept on the path that I set, we would have jobs, we would be energy independent, we would have industry back in this country.
If he removed the regulations like I was removing the regulations, the country would be better off.
He decided to reverse everything that I was doing and now look at the country.
It's absolutely awful.
And now the people are going to know who to blame.
Now once again people are going to see the inflation pick up which means it's the devaluation of the currency and as the currency continually devalues what are people going to do?
They're going to look for alternative investments or alternative currency.
Why?
To protect their wealth.
Back in the day, people went to gold and silver.
I do believe that's an incredible way to hedge inflation.
It's been around for thousands of years.
It worked every single time.
And remember, going back in time, nobody wanted you to have gold and silver.
Nobody.
They all pushed you away from it, just like the central bankers are pushing everyone away from it now.
How are they pushing people away from it?
Well, they're manipulating the price of gold.
You really think gold is only worth $1,800, $1,900 an ounce?
Or do you think gold is closer to what, $12,000 an ounce?
Most likely.
Same thing with silver.
Silver is probably closer to $1,500, maybe even more.
But again, if you saw that, and you saw what gold was actually worth, and you saw what silver was actually worth, would you be questioning the dollar right now?
Of course you would.
People are also looking towards cryptocurrency.
Because once again, look at the value of cryptocurrency.
It is way above what the dollar or the Federal Reserve note is actually worth.
And as inflation gets worse, people are going to see this.
And people are going to say, OK, something is going on here because when things break, that's when everyone starts to notice.
It's almost like we're how we're in a recession right now.
People see some, you know, there's problems in the economy.
Something's wrong.
It doesn't make sense.
There's no jobs.
I can't afford anything.
But when do people really actually realize something's wrong with the economy?
It's always when the market comes down.
All of a sudden people go, Whoa, the market just crashed.
Does that mean the economy is in a depression or a recession?
That's when people start to see it.
But it's been happening the entire time.
They just weren't paying attention.
Yes, those people that lost their jobs, those people that are having a difficult time making ends meet, they realize something's wrong.
But again, the fake news is not out there telling you you're in a recession.
They'll tell you later on.
But when the market comes down, that's when everyone recognizes there's a major problem.
The same thing is going to happen with alternative currency.
When everything all of a sudden breaks and you see gold shoot up, you see Bitcoin shoot up, people are going to go, oh, wait a minute.
Is there something going on here with the Federal Reserve note?
Is it losing value?
And yes, it is.
It's losing value.
And people are going to go, holy crap, I want to get into gold.
I want to get into silver.
I want to get into Bitcoin.
I need to buy land.
I need to buy whatever I have to, to protect my wealth.
And that's when people rush into it.
Now when is this time period going to happen?
Well I do believe we're going to see the market crash probably in 2024 close to the election and during this period of time we're going to see inflation pick up and fuel prices start to move up which is going to cause the Federal Reserve note to lose value.
Now will this break?
During this period of time?
We'll have to wait and see.
But what's very interesting is that there was an article that was out there and it says crypto has no innate or inherent value SEC argues in Coinbase case.
So Wall Street's top cop made the assertion in its argument to a federal judge dismissed a request for a summary judgment in its lawsuit.
Shibutoshi Nakamoto Why do you have to pay taxes on it then?
says, then return all the taxes you all made me pay for receiving it, you horrific evil hypocrites.
Elon Musk responded to this and says, it's real if you have to pay taxes, but otherwise not real.
So if it's not real, it has no inherent value.
Why do you have to pay taxes on it then?
Isn't that interesting?
Because they know it's real.
They know that it has value.
And again, this is how it works.
If people believe something has value, then it has value.
Just like the fiat currency.
The central bankers, the deep state players in government continually said that the fiat currency is backed by the full credit of the United States.
So people believe that this currency has value.
Gold has been around for a very long time.
People believe it has value.
Crypto came onto the scene in 2009 or so and people believe it has value.
If people believe it has value and it's limited Well, then people say, yes, it has value.
And it doesn't matter what the government says.
It doesn't matter what the central bank says.
Because in the end, the people make the decision if something has value or not.
And this is something the central bankers never wanted everyone to realize, because if the country says, yes, we believe in gold, that is real money, we don't believe in the Federal Reserve Note, what happens to the Federal Reserve Note?
Well, nobody uses it, and it loses its value.
If everyone believes and says, we're going to use cryptocurrency, Bitcoin, for trading and paying for things, well, if people believe this, then it has value and people will use it every single day.
And this is something the Federal Reserve, the central banks don't want people to realize because once people start to realize this and people start to understand that, hey, we can use something else, we don't have to use what they're giving us, well, they're done for.
And I do believe this is where Trump and the Patriots are headed with all this.
Because Trump knows if we become energy independent, fully energy independent, we can break the chains of the central bank.
Actually, when we played the video yesterday, he talked about Saudi Arabia and other countries who've been selling their oil.
They don't have debt.
And if we could do that here and go back to sound money, we could pay everything back.
The central bank will hold nothing over us, even though they're a criminal organization.
And maybe later we can audit them to prove that they're a criminal organization.
We could then move away from the central bank very, very easily and go back to sound money where we wouldn't have to have debt.
We wouldn't have to borrow the currency with interest attached.
And I do believe this is where all this is leading right now.
Because once again, you're seeing the lies from Biden.
He's going to lie all the way up to the 2024 election, if he's still there.
Well, if he's not there, Kamala will take over and continue the lies.
And people are going to see the entire economic system completely and utterly implode on itself.
And as people see this and they see Trump saying, listen, all we got to do is go back to being energy independent.
All we need to do is set up the trade deals.
All we got to do is remove the regulations.
All we need to do is bring back industry like I was doing.
The country would be much better off.
And I do believe once the people see all this play out, the people are going to say, you know something?
Yeah, we believe in sound money.
We believe that that has value.
This fiat currency is not working for us because as time goes on and it continually loses value.
The people are going to see this.
It's going to make it a lot easier for people to say, you know something, we must do something different here because this is not working.
And I do believe Trump from the very beginning knew that the deep state players, the World Economic Forum, the Central Bank would move down this path where they were going to bring us into the great reset, the Green New Deal.
And why not?
Allow them to do this in front of everyone so everyone can see exactly what's going on.
I mean, why interfere with an enemy while they're in the process of destroying themselves?
If they're showing everyone what their true agenda is and they're destroying the economic system and they're destroying their currency, Why interfere with them?
Let them do it.
Let the people see it.
And this is something the Central Bank never wanted anyone to see.
They wanted their cover stories, the pandemic, a war.
But now the people are seeing it.
And now they're in a very tough position, which they will not win.
But what will win is the economic truth.
And that's what Trump is going to give us.
Listen, everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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