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Nov. 3, 2023 - X22 Report
22:43
Ep 3203a - Fed Panics & Goes After Bitcoin Magazine, Everything Is About To Change
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Music.
You're listening to The X-22 Report.
My name is Dave and this is episode 3203A and today's date is November 3rd, 2023 and the title of the episode is Fed Panics and Goes After Bitcoin Magazine.
Everything is about to change!
Let's talk about protecting our wealth.
Dark clouds are gathering as markets shudder.
Stocks are sinking.
Currency's stumbling.
Fear and uncertainty reign.
The Middle East, Ukraine, Taiwan, the debt, it's endless.
Yet, one asset stands firm, gold.
In crisis after crisis, gold is there in the background.
It's enduring value guards against loss.
It's like a missile shield.
While paper wealth burns, gold persists.
Shield your savings against looming threats, war, recession, contagion, and avoid the frenzied panic of the unprepared.
Take control in the chaos.
Fortune favors decisive action.
Get hold of gold now before it's out of reach.
Right now, Noble Gold Investments offers a free 5-ounce America the Beautiful coin with every new IRA.
Claim your free coin today to secure your financial future.
As this new storm gathers, panic looms, and some of the places you were thinking for your money, well, they don't look so clever anymore.
Secure your future against disaster.
Open a Noble Gold Investment IRA and claim your free bullion coin today.
Go to x22gold.com.
That is x22gold.com, the only gold company I trust.
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're having a major problem now and you can tell that they are panicked.
The Federal Reserve is going after Bitcoin Magazine.
And they're telling them to stop using the FedNow system in their advertisements because they're hitting it pretty darn hard.
That tells you everything you need to know because if the Fed is panicked over Bitcoin Magazine talking about their system, that means they know the people are waking up, that means the people are paying attention, and they have lost control of the narrative and they do not have the people Where they can't now move them into the Great Reset, the Green New Deal.
This is going to be a major problem for the Deep State players, for the Central Bank, the World Economic Forum.
Because remember, we have taken a four-year pause, and actually yes, Trump has mentioned this, we've taken a four-year pause, so people can see exactly what the Deep State, Central Bank, World Economic Forum is trying to do.
And this pause was for people to make the decision Which direction do we want to go?
Do we want to follow along with the same individuals, with the same central bank, the same World Economic Forum, the same administration, and go where they want us to go?
Or do we want to see what they're doing And do we want to make a completely different decision?
And I do believe, in the end, the people are going to be making a completely different decision, because we can see, since the people are awake, they can see very, very clearly what the Green New Deal is.
It doesn't benefit the people.
The people can see the central bank digital currency and the FedNow system does not benefit the people.
And the people are starting to realize that these individuals that are continually telling everyone that the economy is great, don't worry about it, fuel prices are fine, We brought them down, you know, from $5 back down to $3.50 or $3.80.
I think people can see through their lies right now.
And as the entire economic system completely falls apart, which it is, the people now are seeing the truth.
And we're seeing the economy really implode on itself.
And you have to remember, In order for the central bank, the Biden administration, or any other administration in D.C.
to maintain that the economy is fantastic, they need to manipulate the numbers.
And this is what they've been doing for a very long time.
If you go back to 1971, they started to manipulate the numbers.
They needed to manipulate inflation, employment, and everything else because otherwise, if they didn't manipulate the numbers, the people would see very, very clearly that the central bank system does not work.
And I do believe we're in this four-year pause To show the people that this system does not work.
You can see the manipulation.
You can see the lies.
No one is going to believe the Fed when they say, oh, by the way, inflation is 2%, 2.5%.
When you go to the market and you say, okay, that's impossible because now I'm paying double or triple with what I'm purchasing from a year ago.
And they're telling me it's back where it was.
It doesn't make sense.
Especially when you see everything else around you imploding.
Take, for example, corporate bankruptcies.
Well, they're starting to increase very, very rapidly, and it doesn't look good.
Genevieve Rokdechter put this out on X and said, Good morning, everyone.
Corporate bankruptcies in the U.S.
rose by 30% over the past 12 months.
We've already on track to double the mega bankruptcies compared to last year.
Better Bath and Beyond Rite Aid and SVB Financial, all large companies have sought bankruptcy protection.
The era of easy money is over.
Companies have to face the music.
The era of easy money is over.
Companies have to face the music.
And they absolutely do.
And you can see it's not just in this country that everything's falling apart.
It's around the world and their entire globalist system that they set up is completely and utterly falling apart.
FX hedge put this out on X and said shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, say profits will be lower end of guidance.
Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low end of prior guidance.
The firm's Denmark-listed shares had fallen 18 percent by early afternoon to their lowest level since October 2020.
Our industry is facing a new normal with subdued demand.
Prices back in line with historic levels and inflationary pressure on our cost base and the CEO.
Continued on saying, adding that overcapacity in most regions have driven down prices.
And now the entire globalist shipping system is completely and utterly falling apart, which is going to affect the entire world.
And that's exactly what we're seeing here in the United States.
What do we see?
Well, all the jobs that Biden has been telling everyone that they're creating.
Well, it seems like everything is backfiring once again, and that is one gigantic lie.
Remember how the jobs were created?
He didn't create any of them.
Actually, all the people, when they were laid off during COVID, they just went back to the same job.
Actually, during this period of time, we lost millions and millions of jobs.
We didn't gain jobs.
So that whole thing was one gigantic hoax.
And they continue to do this by manipulating the numbers.
Disclosed TV on X put this out and said, U.S.
jobs growth slowed more than expected in October and the prior two months were revised down by over 100,000.
And Woken has followed up on this and said, eight out of the last nine job reports have been revised down from the original headline generating numbers.
The regime is cooking the books.
Yes, that's what they do.
They've been doing this for a very long time.
Everyone's just actually noticing it now.
Actually, if you go back to 1971, they've been changing the calculations, removing certain things, cooking the books, revising the numbers, to make the economy look absolutely incredible.
The problem is, is that while people were looking at that, the economy, over time, was completely imploding on itself.
And inflation got worse.
Unemployment got worse.
But they tried to trick you by saying, no, no, don't worry about that.
Here's our new calculation.
Doesn't everything look great?
And what they do is they go back a little bit in time and they revise things and they say, oh, no, now these numbers look great.
And everyone forgets about the other numbers.
And that's what they've been doing for a very long time.
But since we're in this four year pause, And everything has been accelerated, so you can see inflation, so you can see higher fuel costs, so you can see how the economy is breaking down, so you can see how the Deep State, Central Bank and World Economic Forum is lying to you.
You can see this much more clearly now than ever before.
And this is something Trump and the Patriots needed to do to wake the people up, because as we approach A depression?
Well, the people are going to have to make a decision.
The people are going to have to decide in which direction we go.
Do you want the central bank system or do you want a better way of life?
And I think most of the people, especially the young people, the older generation, I think they're going to say, we want something a lot better than this because this is not working for us.
And the middle class who's gotten laid off, They're also going to be out there and be very, very angry that, hey, listen, I'm laid off.
I'm ready for something completely different.
And the middle class that is struggling right now still have jobs, but they can't make ends meet where they're just barely getting by.
Yeah.
Guess what?
They're going to say, yeah, we need something completely different.
So I think everyone's going to be on board with this in the end.
Now, do I mean 100%?
Of course not.
We might have four to 10% of the people saying, no, I love this.
I love bankruptcy.
I love making no money.
I love when I go to the store, bread is $70.
It's fantastic.
We might have a couple of those people.
Let's talk about protecting our wealth.
Dark clouds are gathering as markets shudder.
Stocks are sinking.
Currencies stumbling.
Fear and uncertainty reign.
The Middle East, Ukraine, Taiwan, the debt, it's endless.
Yet, one asset stands firm, gold.
In crisis after crisis, gold is there in the background.
It's enduring value guards against loss.
It's like a missile shield.
While paper wealth burns, gold persists.
Shield your savings against looming threats, war, recession, contagion, and avoid the frenzied panic of the unprepared.
Take control in the chaos.
Fortune favors decisive action.
Get hold of gold now before it's out of reach.
Right now, Noble Gold Investments offers a free 5-ounce America the Beautiful coin with every new IRA.
Claim your free coin today to secure your financial future.
As this new storm gathers, panic looms, and some of the places you were thinking for your money, well, they don't look so clever anymore.
Secure your future against disaster.
Open a Noble Gold Investment IRA and claim your free bullion coin today.
Go to x22gold.com.
That is x22gold.com, the only gold company I trust.
But you can see that manufacturing is also collapsing.
Hedgeye put this out on X and said ISM manufacturing already in contraction collapsed further in October.
New orders crashed to six month low, 14 straight months of contraction.
Employment collapsed another 4.4 points in October and it doesn't look good.
And this is what people are seeing today.
Everything's looking pretty darn bad and it turns out the blockbuster GDP numbers Was consumers going deeper into debt?
Federal spending soared, companies built up their inventory to avoid future inflation, and actual wealth-producing investment has been flat for 15 months, starting back when Biden's finest were denying the recession.
And it's all starting to come tumbling down, and all this manipulation and everything that they have done Well, it's being exposed right now and people can see the truth and it's getting worse and worse for them.
But what's very interesting is that since we have all this inflation, the economy is not doing well.
What did Congress do?
Well, it looks like they took advantage of a $34,000 pay raise.
They voted for this themselves through an internal rule change that avoided the political backlash of openly allocating themselves more money.
So taxpayers now are fundering luxury housing accommodations for AOC and over 200 other members of Congress, many of whom boast net worths of over $1 million.
The added money comes through housing and meal subsidies.
The change happened just as the Democrats were about to lose their majority to the GOP.
Democrats quietly tucked a provision into the Internal House Rules that grants lawmakers access to an optimal $34,000 annual subsidy to pay for their D.C.
housing and meal expenses.
So far, 113 Democrats and 104 Republicans have taken at least some cash.
Costing taxpayers a combined $1.4 million.
So basically, instead of everyone seeing them take actually more money, they just go and they say, oh, my meal's paid for.
Look, my housing's paid for.
Everything's paid for.
So this way, they kind of hid it from everyone, but everyone now is seeing what they have done here.
While the country is struggling, and these people are playing the stock market, insider trading, making millions, They're not paying for meals, they're not paying for housing, and the struggling American who's out in the workforce, they're saying, holy crap, what is going on here?
They're telling us the economy's great, they gave themselves $34,000 more a year, I can't even pay my gas, my electric, my car payment, my insurance, and they're telling me that everything is okay?
This is why Congress has a very, very low rating.
I think all of this needs to be scratched.
There should be no insider trading.
And these individuals, they shouldn't be paid top dollar.
They're working for the government.
They're serving we the people.
This shouldn't be a country club.
They're not royalty.
And I think all of this needs to be removed in the end.
They need to pay for everything out of pocket.
And you have to ask yourself, Why would these individuals become millionaires working for the government?
Does that make any sense?
No, it doesn't.
Actually, they should be complaining that they can barely afford something.
That's what they should be doing right now.
But instead, they continually vote for more and more and more.
Can you imagine being in a job and you sit around there and you're saying, you know something?
Hey, what does everyone think?
You think we should get $40,000 more?
Oh yeah, let's vote it.
Let's vote it for ourselves.
Who objects?
Well, no one's going to object.
Everyone's going to go, oh yeah, $40,000 more for everyone.
This is what our Congress does today.
Unbelievable.
But you can see the Federal Reserve, they are panicking right now.
The U.S.
Federal Reserve, they are threatening to sue Bitcoin Magazine, alleging apparel that parodies its FedNow system is not protected speech, but copyright infringement.
The U.S.
Federal Reserve is taking legal action against Bitcoin Magazine in an attempt to silence criticism of its recently launched FedNow interbank clearing and settlement service.
In a letter sent to the publication by the Federal Reserve Bank of Chicago, the Central Bank of the United States is claiming that Bitcoin Magazine merchandise that parodies its service are not protected free speech, but rather an unauthorized infringement of its image and trademarks.
The dispute centers around the use of FedNow's service image and trademark in a line of merchandise sold by Bitcoin Magazine that seeks to criticize the surveillance capabilities of the FedNow system and how it threatens American civil liberties.
The Federal Reserve alleges that Bitcoin Magazine used the trademark without permission to mislead readers into believing connection exists between the publication and the central bank.
Well, that's ridiculous.
I think everyone knows that the Bitcoin Magazine has nothing to do with the Federal Reserve and they're completely against The Federal Reserve and the FedNow system.
And Bitcoin Magazine responded to the Federal Reserve and said, we would like to inform you that while we received your cease and desist request, we refuse to comply.
We will not be intimidated by your efforts to silence our criticism.
As you may know, our publication and our readership are deeply troubled by the new FedNow interbanking communication system.
We believe not only that it is possibly unconstitutional, but that it threatens the very freedoms that all liberty loving American citizens should hold dear.
With that in mind we believe it is well within the our First Amendment rights to exercise speech on the issue and to that end we will be defending our right to sell merchandise that makes buyers aware through fair use imagery our position that this system is a threat to civil liberties.
I would like to make a few direct comments on quotes present in your letter in order to best articulate what I am sure is to be considered a disappointing response.
The Federal Reserve "has extensively used and promoted the FedNow mark "and has built up substantial goodwill "in this invaluable asset.
"Financial institutions and consumers associate "the FedNow mark with the Federal Reserve "and its services." An interesting point.
For starters, what goodwill has the Federal Reserve built up?
Have you seen the state of working class today?
Perhaps you have already forgotten how Fed policy directly led to mismanaged bond portfolios in regional banks across the country such as Silicon Valley Bank, Signature, Silvergate, and First Republic.
Perhaps you've already forgotten about the historic inflation rates seen throughout the U.S.
since government-imposed lockdowns all but forced the Treasury's hand to stimulate the economy to the tune of trillions of dollars.
Maybe they haven't seen the debt.
Maybe they haven't seen what has been going on in the real economy.
And once again, you can see the Federal Reserve, they are panicking.
They would have never, ever done this before.
Because remember, in the past they have controlled the narrative.
They are now losing the narrative and people are waking up, the people are thinking logically, the people are researching and they don't want people going to alternative currencies.
This is their biggest fear.
Their biggest fear is a population that is waking up, thinking logically, and starting to realize that they can see inflation, they can see higher fuel costs, they can see how the economy doesn't work, how raising the rates doesn't help with anything, but actually destroys the economy in the long run.
And as people wake up to all this and people see all this, they realize that the Fed has never worked in their favor.
It has always worked against them in the long run.
And now as the system is completely imploding, people are looking at what?
Alternative currencies.
They're looking at Bitcoin.
They're looking at gold.
They're looking at silver.
They're looking at land.
They're looking at all these different things to make sure that they can protect their wells.
Because what do they see happening?
Well, they see the inflation.
Inflation is not getting better.
Federal Reserve has not controlled inflation.
And people see everything going up.
They see insurance going up.
They see health insurance going up.
They see auto insurance going up.
They see food going up.
They see everything going up, which means the value of the currency is declining.
This is what people are seeing today.
And the Fed is panicking because in the past, they would have the narrative.
They would convince the people, no, this is the place we need to go.
We need to come off the gold standard.
We need to go into the central bank digital currency.
And you will do exactly what we say.
The people, they're not going along with this.
And remember, the Federal Reserve needs everyone to go along with their narrative.
Because why?
Because in the end, they need Congress to pass certain bills to usher in the central bank digital currency.
Without the people on board, this is going to be very, very difficult, which means they're going to have a very difficult time moving the entire population and the world into a central bank digital currency.
Yes, I know there are countries out there that are now pushing central bank digital currency.
Well, guess what?
They also pushed the vaccine passport.
How'd that work out?
Not too well, did it?
Because when it came to the United States, That's when it hit the brick wall.
That's when everything stopped.
And remember, the central bank, the Federal Reserve, just can't say, everyone, we're switching to the central bank digital currency today.
Okay?
So good luck.
It has to go through Congress.
And in order for Congress to do something, what do they need?
They need a crisis.
Now, yes, are they going to try to bring us into a crisis?
Yes, it's probably going to be a cyber attack on the system.
But again, if the people are awake and the people know what the central bank digital currency is, and they see the Green New Deal and everything and all their policies that are destroying the entire economic system, the people aren't going to go along with the central bank, the Federal Reserve, the World Economic Forum during the crisis.
They're actually going to look for the solution maker.
And I do believe that's when Trump and the Patriots are going to step in.
That's when they're going to say, no, no, we need to go in this direction.
Let's make the economy great again.
And this is how we have to do it.
And he's been giving solutions.
I mean, think about what he set up during the time he was in the White House.
He needed to show people Look, the country can be energy independent, the country can have very low unemployment, inflation can be very low, and we can have many, many jobs, and we can bring industry back, we can place tariffs on China, take that money, give it to the farmers, and we can have a thriving economy, even though I, and I'm talking about Trump, has to play in the central bank economy.
Can you imagine what Trump can do outside of the central bank economy?
Because he wanted to show you the difference.
Look what I did.
Look what Biden's doing.
Can you see the difference?
And I would say the majority of the people can definitely see the difference.
Which means the people are going to be with him.
Which means the central bank is doomed.
Which means the Federal Reserve is panicking right now.
And the rest of the central banks around the world, they're going to start to panic.
Because as we go throughout 2024, And the entire system breaks down and they can't get the people on their side?
Well, they're screwed then.
And they're starting to realize this.
And as we go through 2024, they're going to realize that they've lost the people and they can't get them back.
And they're done for.
Which means they're going to take this to the next level.
But I do believe Trump and the Patriots, they're prepared for this because they realize that they're not going to go down without a fight.
And Trump and the Patriots, they're ready for this fight.
And it's not going to be a fight like everyone thinks.
Because there are already countermeasures in place.
He has the people behind him.
So this is going to be a lot easier than it would if the people weren't with him.
Because the people are going to accept what we need to do to move away from the central bank system.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially prepared.
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