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Oct. 10, 2023 - X22 Report
19:18
Ep 3183a - [WEF] Plan Just Backfired, Lenders Are Preparing For Potential Credit Deterioration
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Welcome to the episode of the Cinecraft Podcast.
Hi and welcome.
You're listening to The Axe 22 Report.
My name is Dave and this episode 3183 a.m.
Today's date is October 10th, 2023 and the title of the episode is World Economic Forum Plan Just Backfired.
Lenders Are Preparing for Potential Credit Deterioration.
Let's talk about protecting our wealth.
Hey, feeling unsure about your finances these days?
You're not alone.
That's why Noble Gold Investments is here to help.
Just hear it straight from the folks they've helped.
The Noble crew walked me through everything.
No stress.
With their help, I can finally sleep easy at night.
And now, this month, Noble Gold Investments is handing out free 5-ounce Silver America, the beautiful coin, if you qualify for an IRA.
Invest in gold and silver with Noble Gold Investments.
Go to x22gold.com.
That is x22gold.com.
Or click the link in the description.
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 West Central Bank, the World Economic Forum, their entire plan is completely falling apart.
It's backfiring on them and the people aren't going along with it.
Think about it.
The Deep State, the Central Bank, the World Economic Forum, they decided to pick California, Germany as their template for the Green New Deal.
And they've been pushing this agenda since Biden came into the White House.
And as they continually push their agenda, what has happened?
The entire economic system in California and Germany has completely fell apart, which means the world is watching this and the world is seeing that, look, when they try to go to net zero, when you remove the coal plants, when you remove the nuclear plants that generate electricity, when you remove the nuclear plants that generate electricity, when you remove the energy source, the country, the manufacturing, everything that they do completely implodes on itself.
And this is exactly what the people now can see with their own two eyes.
And there's no question about it whatsoever.
And when you look at Germany, that's exactly what you're seeing.
But you can see the deep state players, the central bankers, they're not going to give up.
They're going to continually push.
Until the very very end.
And what we see happening right now is we see credit right now is deteriorating and banks now are getting prepared for most likely a Great Depression.
And we're heading in that direction.
I'll be talking about that in a little bit.
First, let's talk about what's happening with the Finnish gas pipeline right now.
Because the Finnish government made an announcement on their gas pipeline leak.
And according to Gas Grid Finland, the only possible reason for the unusual pressure drop is the Baltic Connector pipeline has a hole in the pipe.
So when you really think about it, these pipes, they're reinforced, they're underwater.
And all of a sudden it has a hole?
Well, Finland's president came out and says the damage to both the Baltic Connector gas pipe and communication cable is the result of an external activity.
So was someone fiddling around with this because remember their entire plan is to get rid of gas oil and everything else to bring us into the green new deal and it looks like they might be doing something to try to create the atmosphere that we these things aren't safe they're not reliable and we need to go to green energy and it seems that's exactly what they're doing right now you
Now, the other thing that's very interesting is that we could see, and we mentioned this just before, is that Germany's economy is completely imploding and they are following the Green New Deal template and their manufacturing is going down the tubes, the economy is going down the tubes, and the IMF expects that German economy to contract by 0.5% This year downgrading its July forecast.
So it's just getting worse and worse for Germany and I do believe California is following in the footsteps of Germany because I do believe that's the template for the United States because this is exactly what they want to do and everything the World Economic Forum is doing right now.
Well, it's completely falling apart and it's backfiring on them and the people I'm sure in Germany eventually what they're going to do is going to say enough is enough.
Because our manufacturing is gone, our economy is in the dump, and now we can't function as a society.
And eventually the people are going to rise up and the people are going to say enough is enough.
Just like the people in this country and other countries right now as they see inflation pick up, they see fuel prices pick up, the people they're starting to understand and realize that the value of their currency cannot purchase the same amount as it once did.
And this is why we're seeing all the videos of all these young people coming out, showing us their shopping receipts, saying that they can't afford a home, and it's spreading all across the country and eventually to the entire world.
Now, the deep state, the central bank, they're gonna try to explain away why all of this is happening, and they're gonna try to come up with some explanation.
And of course, what is it?
What's the explanation?
It's always climate change.
Well, the food problem is climate change.
The war is climate change.
The border crisis is climate change.
The economy is failing is climate change.
That is pretty much their mantra.
That's what they do.
And what's very interesting, there's an article saying the world sugar shortage due to extreme weather, threatening Halloween candy prices.
Now, sugar has gone up in price just like everything else, which means the currency has devalued and it's a lot more expensive.
But they don't want to say, hey, by the way, this is caused by stimulus from spending.
And this is what you get.
You get inflation because the central bank system actually doesn't really work and it breaks down over time.
Of course, they don't want to say that.
So what do they do?
They blame it on climate change.
Wall Street Silver on X put this out and responded to the article and said, Sugar in the USA is about two times more expensive than the rest of the world to support US farmers because we can't compete with Brazil and other cheaper locations.
Sugar is one of the most regulated and managed markets on the planet.
But they're going to blame it on climate and extreme weather.
Of course they are, because they can't admit why all of this is happening.
Because if they came out and said, listen, by the way, we're bringing you into the Green New Deal, the Great Reset.
We are getting rid of fossil fuels, which makes energy inflation.
We're continually spending and printing money, which creates currency inflation.
And when you put these two together, it destroys the entire system.
They're not going to say that.
Just like they're not going to say that there's a problem with the employment here in the United States.
Remember, they manipulate all these statistical numbers to match what's happening with the central bank.
And as time goes on, the entire central bank system collapses.
So they need to explain this.
They can't tell you, hey, by the way, right now unemployment is 19%.
People go, holy crap, what's going on here?
Oh, by the way, The currency has lost about 98% of its value because inflation is about 3000%.
They can't tell you that, so they have to manipulate the numbers to make it make sense for you.
Even though you're seeing it every single day, all you got to do is go back in time and you can see the truth.
And a lot of people are now doing that.
Actually, since the plan was accelerated, people can see this in a very, very short period of time.
And now people can see exactly what's happening and they can understand what the central bank system actually is and how it doesn't benefit the people.
And what's very interesting is that the unemployment numbers, they're much, much higher than they actually admit.
FX Hedge put this out and said, over the past three months, full-time employment has dropped by 700,000.
Part-time jobs have increased by 1.2 million.
The jobs report have been extremely misleading from the headline numbers, which the media reports without analysis.
Five million workers have dropped out of the workforce.
The real unemployment rate is likely 6.3 to 6.8 percent if it was counted accurately.
Actually, if you go back to the 70s and you use the original calculations of unemployment, you're actually going to probably get an unemployment rate around 18, 19, 20 percent.
And of course, the central bank, the deep state players, they can't allow that out in the open because if people saw that, they would realize, hey, by the way, Let's see, 3,000% inflation.
We're seeing 18-19% unemployment.
Gold is actually around 12,000 or maybe even more.
You know what?
The central bank system, it's failing.
It doesn't work.
That's what people would notice.
So what did they have to do?
They had to manipulate.
They had to mask.
They had to cover up.
Everything just like the deep state cover up covers up everything else.
Genevieve Roque-Decter put this out on x and said in the last 24 hours mortgage rates hit 8.09 percent credit card interest rates hit record highs car loan interest rates hit highest since 2001 oil prices jumped highest in six months china planning plus 137 billion stimulus work continues on in israel but guess what Stocks are up today.
Incredibly resilient market.
Well, why do you think the market is resilient?
Because, again, the market doesn't come down to the last moment.
Let's talk about protecting our wealth.
Hey, feeling unsure about your finances these days?
You're not alone.
That's why Noble Gold Investments is here to help.
Just hear it straight from the folks they've helped.
The Noble crew walked me through everything.
No stress.
With their help, I can finally sleep easy at night.
And now, this month, Noble Gold Investments is handing out free 5-ounce Silver America, the beautiful coin, if you qualify for an IRA.
Invest in gold and silver with Noble Gold Investments.
Go to x22gold.com.
That is x22gold.com or click the link in the description.
The only gold company I trust and remember there's always a risk of investment and there's no guarantee of any kind.
And we could see that war is now building and you have to remember the Biden administration to control the fuel prices they used the strategic petroleum reserve.
We only have 17 days left of that, which is going to be a complete and utter disaster because most likely they're going to be using even more of it because the fuel prices are going up.
So eventually they're going to use it to try to keep it down.
And I do believe that time is coming and it's approaching very, very quickly.
Now, the other thing that's very interesting is that Bloomberg is actually admitting that a U.S.
recession is still likely and coming very soon.
Well, let me just modify that because actually we're in a recession.
What's really coming is a depression because remember when you remove the manipulation and you actually look at the economy, you look at exactly what's going on.
We are in a recession.
Unusual Wales responded to this and said, nevertheless, an examination of the banking industry's reserve levels indicates that lenders are preparing for a potential credit deterioration and increased losses in the event of a recession.
Well, they're planning for a depression.
That's what they're planning for.
And they know that it's coming very, very soon, which I do believe it's going to start to really rear its ugly head in 2024.
And as we get closer and closer to the presidential election, it's just going to get worse and worse as time goes on.
You're going to see a lot of layoffs.
You're going to see the unemployment rate skyrocket.
You're going to see inflation skyrocket, fuel prices skyrocket.
And of course, what are they going to do?
Well, what is happening at the same exact time?
Well, the war.
World War III.
They're going to blame everything on the war.
That's what they're going to do.
They always do this.
It's either climate change or, hey, we have another event.
It's a war.
We're going to blame the economy failing on the war.
But again, when you step back and you take a look at all this, who's responsible for all of this?
Oh, that's right.
The Biden administration, the RINOs, the deep state players, Soros and the rest.
So they're the ones who are responsible for the economy and the war.
But again, they're trying to deceive everyone to make everyone think the economy is failing, and that is because this war thing is happening.
And the IMF has already started this.
They said the world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine, and what is happening in Israel.
So three days later, whatever it is, all of a sudden they're coming out saying, well, yep, the economy is ruined because of what's happening in Israel.
Do you know how many times Israel has gone into Gaza?
Do you know how many times this has happened?
So the economy was fine when we had war in Libya, Iraq, Kuwait, Syria, Somalia, it was a-okay.
Back in 2014, 2015, when we had a regime change, and I'm talking about the deep state players, the economy was perfect.
Now all of a sudden, and actually there is no war going on in Ukraine, that's an intelligence war, all of a sudden, two, three days later, with Israel, the economy's not going to do well?
Why?
Does that make sense?
It's almost like when the pandemic came and they said, oh, the market's dropping.
Why?
There was no reason for it except for Soros back in January right before the pandemic where he said the market is overheated and it's going to come down.
Well, he wasn't able to do it, was he?
He's not in control.
So the IMF right now, they expect the global economic growth to slow to 2.9% in 2024 from an expected 3% this year.
Let me just tell you this, this is what the IMF always does.
They always tell you that the economy's gonna grow at 4, 5, 6%, and eventually what happens is they tell you, oh, it only grew by 2.7%, oh, 2.6%, oh, 2.5%.
So what's really gonna happen, because we already know the economy's gonna fall apart, has nothing to do with Israel, has nothing to do with Ukraine, The entire economic system is falling apart because they're trying to bring us into the Great Reset, the Green New Deal.
Trump, the patriots, they knew about this.
They knew that they were going to destroy their own system.
And why interfere with an enemy while they're in the process of destroying their own system?
So if you already know that, you know the system's going to crash.
Actually, Trump, way, way back, told us, we're going into a recession.
And R is the nice word.
Then later on, he told us, no, we're going into a depression.
So this has nothing to do with the wars.
This has nothing to do with Ukraine.
That's all cover for what's really happening in the economic system.
They're destroying their own system and I do believe Trump is going to be using this against them.
And people are going to start to realize what is sound money and what isn't sound money because when you see inflation and you see the fiat currency lose its value and now you need $40 for bread or $70 for bread people are going to start to catch on just like they're catching on right now About what the economy is actually doing and how they can't live like their parents.
So when this gets out of whack, the younger generation and even the older generation, because they're on a fixed income, they're going to understand very, very quickly that this system is not working for them, it's working against them.
And then they're going to look at gold, they're going to look at Bitcoin, they're going to look at land, they're going to look at all other types of investments and they're going to say, you know something, I need to protect my wealth.
And remember, all those people that were out there telling you, you know, gold is a barbarous relic.
That's what Bernanke says, and that's what the central bank continually says.
Well, you know, we just hold it because of it.
This is what we've done in the past.
And it's just something that's historical that we hold gold.
No, you hold gold because the paper is worth absolutely nothing.
And you know this, because if the paper were worth something, you would have all paper in your safe.
You'd have no gold whatsoever.
Because the gold is just a barbarous relic and the paper is worth something.
And remember all those people telling you, gold, it's used for jewelry.
Oh, it's a barbarous relic.
Oh, Bitcoin, it's going to completely implode on itself tomorrow.
So let's go back a little bit in time.
Rizzo put this out on X and said, JP Morgan CEO exactly two years ago, Bitcoin is worthless.
It's fool's gold.
Today, Fidelity, BlackRock, and all of Wall Street are getting ready to sell to Jamie at $250,000.
So what does that tell you?
It tells you everything you need to know.
These are the same people that love their system.
They love the fiat system.
They love the central bank system.
And that's all they care about.
They don't like alternative currencies.
They don't like silver.
They don't like gold.
Why?
Because that challenges their system.
And if people saw the truth, The people would realize that the system that they continually tell you that that's where you should be, the system is imploding on itself.
The currency, the pieces of paper that the Federal Reserve note loans to us with interest attached, is a debt instrument compared to gold, compared to Bitcoin.
And if people find this out, which they are, everyone's starting to pick up on this, Once the people realize it, the people are going to understand that, hey, you know something?
I need to protect myself.
I don't believe these people anymore.
And I think that day has arrived and it's just going to get worse and worse for these people as time goes on.
Because all you got to do is look back in time and just listen to what they've said.
And you're going to see that it's all fake, phony and false.
And as we move forward and as the economy breaks apart and falls apart, Not just here in the United States, but around the world.
The people are going to start to realize who's responsible for all of this.
And it's not the war.
It's not the plandemic.
It's them.
They're the ones who've created this.
They thought they had the upper hand.
They thought they were going to bring us into the Great Reset, the Green New Deal.
Trump countered, not just Trump, the patriots behind him, countered this entire plan.
And now it's falling apart right in front of them and they don't know which way to go.
The only way they can go is forward which is going to be a complete and utter disaster for them because everyone's watching this.
They're not scared in their homes.
There's no nuclear bombs that are being dropped.
People can see very very clearly exactly what's going on.
This is why you see all those young people out there with the videos telling you Something is wrong.
They might not know exactly what it is, but they know something is not right.
My parents lived a lot better.
Their grandparents lived better than them.
And now I can't even make ends meet no matter what I do.
So the people are realizing this.
The people are understanding this.
And once everything starts to really accelerate and fall apart, they're going to start to connect the dots and they're going to start to realize what's going on.
And this is going to be game over for the Deep State, the Central Bank, and the World Economic Forum.
Everything is backfiring on them.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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