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Nov. 17, 2023 - X22 Report
20:54
Ep 3214a - The Economy Is Now Shifting, Layoffs, Inflation, It’s All About 2024
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Hi and welcome to the You're listening to The Axe 22 Report.
My name is Dave and this is episode 3214A and today's date is November 17th, 2023 and the title of the episode is The Economy Is Now Shifting, Layoffs, Inflation, It's All About 2024.
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Let's get right into the economic collapse financial news.
Now the deep state, the corrupt politicians, the private investors are debating the World Economic Forum.
Every step of the way, it's all completely and utterly falling apart on them.
And you need to remember something very important.
That these players, these deep state players, the central bankers, the World Economic Forum, they're never ever going to give up.
Just because it's not working out doesn't mean they stop.
Actually what they do is they continue on with their plan.
And that's why the people of this world need to fight back every step of the way.
Especially when we're talking about the economy.
Especially when we're talking about the creation of currency.
Because the central bankers, they understand.
Once they lose control, they lose control over everything.
And they don't want to lose control.
But they are losing control.
And yes, in every step of the way, they're going to keep pushing and pushing and pushing to try to take that control back.
Now, once again, we can see the Green New Deal is not exactly going the way they thought it was going to go because remember, hey, before I forget, X-22 is launching the second official X-22 merch drop this Black Friday called We The People.
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They never thought everyone was going to be awake.
Everyone was going to be out doing their business.
Everyone was going to be paying attention to what they were doing and now they're screwed in their agenda.
And every time they move forward, people see the reality.
They see the truth of the matter that this whole thing is not going to work.
And we could see out in Germany, because that is the template for Europe, Germany, once again, they are having major, major problems.
First of all, their economy is completely imploding.
They're losing their manufacturing.
They're now paying for energy to be imported into the country, and it's a complete and utter disaster.
And right now, Osterd Germany and Heinemeck's Germany pioneering hydrogen plant is cancelled.
Long-term operation of the plant to produce green hydrogen is not economically worthwhile, says the consortium in a press statement.
So right now, everything that they were telling you they were going to do, we're going to make the world a greener place, it's going to be a lot better, it's all BS from the deep state, the central bank, the World Economic Forum.
And the studies that they refer to are never peer-reviewed, and they try to convince everyone.
Remember, going back in time, everything that they have told us has not come true.
If you go back in time into the 70s, they told us we were in an ice age.
and then when they realize holy crap okay the earth is no longer cooling we're going through a warm period and we're not going to see snow anymore and that's going to end in 2020 and the world is going to come to an end in 10 years and they said this in the 90s they said this in 2000 they said this in 2010
And they continually say the same exact thing over and over and nothing comes true but the thing that is coming true is we can see their entire illusionary system is completely and utterly imploding on itself and everything is about to shift and remember When they push their controlled demolition of their own economy to try to bring us into the Great Reset to usher in the central bank digital currency, they're going to be at their weakest point.
And this is going to be a complete and utter disaster.
But think about what the people are seeing.
The people are saying, wow, look at all these leaders that cheated in the election.
The economies are failing.
Actually, look at Brazil.
Brazil's economy is completely imploding.
And remember, we had Lula da Silva, he cheated in the election, stole it from Bolsonaro, and now the country has entered negative territory in the third quarter.
And I do believe we're going to start to see this all over the world, because what is the central bank doing?
They're actually bringing down their own system.
Actually, out in the UK, what do we see?
UK retail sales, they have dipped by 0.3% in October.
Now, the economists, they thought they were going to go back up 0.3%.
Once again, they were completely and utterly wrong.
Retail sales volumes now back at 2018 level.
And what do we see happening?
Throughout Europe right now, the economies, they are now imploding on themselves.
Germany is leading the way, which is going to affect every other country out there.
And we can see that all of this, as it completely breaks down, You're going to see the United States start to break down, which we're already starting to see.
We are seeing inflation.
We're seeing high fuel costs.
We're even seeing layoffs, which we'll be getting to in just a sec.
But Genevieve Roque-Decter put this out on X and said, Deflation alert.
After dealing with inflation for years, now the D word is showing up in earning calls.
CEO of Walmart in the U.S., we may have been managing through a period of deflation in the months to come.
Prices of Walmart's groceries are higher than a year ago and sharply up on a two-year basis.
But the CEO says the increases are slowing and could even begin to reverse.
Do we think he's right?
Well, when we look at the situation, yes, just like fuel prices, they level off.
But does that mean the prices are going to go right back to where they were?
Most likely not.
Wolf from wolfstreet.com explains.
He says, what we got today confirms what we've seen develop for over a year.
Prices of many consumer goods are coming down from their crazy spike.
I mean, prices are actually falling rather than just rising more slowly as inflation has moved from goods to services such as insurance and housing.
Falling prices are good for consumers and they boost inflation, adjusted consumer spending and real GDP, but they're not good for companies that sell these goods.
Though their own input costs are also declining.
This is what we're seeing elsewhere in consumer goods.
Prices are easing off their sky-high levels but they're not plunging and there is resistance by businesses to cut their prices.
But it's happening.
The drop in import prices of consumer goods reflect part of the input costs for retailers such as Walmart and Amazon.
But everything now is shifting to services and 65% of consumer spending goes into services and inflation is hot in services such as insurance and housing.
And that's where inflation now is entrenched.
So everything is shifting right now.
And we can see that people are still going to have a problem because now everything is just moved to a different location.
And once again, it doesn't mean that prices are just going to drop back to where they were.
Just like when the fuel prices went up, They didn't drop back to where they were.
They're still very high.
Prices are still going to be very high compared to when Trump was in the White House.
So people are going to start to still see that, wait a minute, okay, the prices of Walmart, they've leveled off, but all of a sudden my insurance payments, my housing and everything else has gone up and gone up a lot.
So I'm still in a pretty bad position right now.
And this is going to be a complete and utter nightmare.
But what's very interesting is that the fake news, they're already admitting that we have problems in the job market.
Now remember, we had Biden, we had the Treasury, Let's talk about our health.
When it comes to anti-aging, we're all searching for a miracle pill.
Generally, you have to use multiple products that target each area of the skin differently to fully combat the appearance of aging.
Some supplements may attempt to reduce wrinkles, while others might bring back firmness to sagging skin.
But believe it or not, I might have found a solution that removes the need for juggling through multiple anti-aging products.
It's a special type of collagen.
And it's better at maintaining skin elasticity, reducing visible signs of aging, and promoting a youthful complexion that most anti-aging products I've seen typically found on store shelves.
Tens of thousands of five-star reviews back up the notion that this collagen is not only a modern-day fountain of youth, but that it also removes the need for us to use countless serums and anti-aging supplements.
But there's more.
If you place your order now, you'll receive 53% off free VIP.
Now remember, the job market was strong.
for life, a free new ebook titled The 14 Foods for Amazing Skin, a 60-day satisfaction guarantee, and last but not least, free shipping.
Why?
Simply go to healthwithx22.com, that is healthwithx22.com, to take advantage of this limited time deal before they sell out.
Even the fake news telling us that the job market was strong.
Now remember, the job market was strong.
Why?
Because Trump created the job market.
When we had COVID, what happened?
The People didn't go to work.
It was artificially created.
So they collected unemployment.
So they made it seem like, okay, these people are all unemployed.
So Trump, he lost all these jobs when he was in the White House, which is absolutely ridiculous because it was artificially created.
And then when COVID was over and everyone started to go to work, the people went right back to the same jobs and they're saying, oh, Biden created all these jobs.
No, he didn't.
These are the jobs that were already there.
Actually, he lost millions and millions and millions of jobs.
So now, what are we seeing?
More Americans, they're filing for jobless claims.
Applications for unemployment benefits rose by 13,000 to 231,000 for a week ending November 11th.
And remember, this is the holiday season.
They're supposed to be taking on more people right now.
But economists, they're looking at the situation and they suggest that continuing claims are steadily rising because many of those who are already unemployed may now be having a harder time finding work, an indication that the labor market is looser than it's been in the post-pandemic era.
You think?
Of course it is!
And what do we see happening?
Well it looks like Citi, Citi Group, they plan to announce major layoffs, tens of thousands at risk of being eliminated from the bank.
So here we go once again.
It feels like we're following in the same exact footsteps that we did in 2008 going into 2009.
In the beginning of January we had Bernanke out there, he was the head of the Fed, and he was letting everyone know they weren't predicting any type of recession.
But people were getting laid off in 2008 so now we're approaching the beginning of 2024 and we're already hearing a call for layoffs.
Now do you think they're going to lay off right now or are they going to wait until 2024 to start the layoffs?
No, I think they're just announcing it right now and I think as soon as the new year hits we're going to see many many people get laid off and it looks like we're heading down the same exact path.
And once again the whole job market is going to completely collapse under the pressure of the recession that we're actually in.
Now I do believe this is going to be leading up all the way to the presidential election and as we approach the presidential election The economy is going to really break down.
And I think the people are going to see this.
Now, of course, what are we going to have?
We're going to have Biden.
We're going to have the Treasury.
We're going to have to have the Fed.
They're all going to tell us that everything is fantastic.
Don't worry about it.
We got it under control.
Everything's being stabilized, so you don't have to worry about it.
But I do believe in the end, the people are going to realize that nothing's being stabilized, because especially when you see, and I remember this back in 2008, 2009, When you had your neighbors, your relatives, they're all saying, yeah, I lost my job.
I can't find work right now.
People were struggling.
People just left their house because they couldn't afford it.
They left everything in their house.
So I think we're heading down the same exact path and people, they're going to understand that there are problems because when you speak to your relatives, when you know friends that have lost their jobs, this becomes reality.
It doesn't matter what the fake news is telling you.
It doesn't matter what Biden is telling you.
That becomes reality and people, they know.
Because the people aren't stupid, that's why.
And the people, they realize, okay, the economy's breaking down.
Fuel costs are very high.
Inflation is still here, even though the food prices and other prices of goods aren't going up.
I see services, they are skyrocketing right now.
And we're in the same exact situation, or even worse.
And then you add on top of this layoffs, it's a complete and utter disaster.
Now, I do believe at this point, when we started to start to head into this crisis, The central bank system, those people that are trying to bring us into the Great Reset, the Green New Deal, they are going to be at their weakest.
And I do believe Trump and the Patriots, they're going to use this to their advantage.
Because remember, the central bank at this point can't say, oh yeah, if you don't do what we say, we're going to crash the economy.
You're already crashing the economy.
What else can they do?
Yes, they can create an event to try to scare the people into their new system.
But the problem with this is this is not 1971 where they said, "Ooh, there's gold speculators "in the market, let's come off the gold standard.
"What do you think, people?" People go, "That's a good idea, temporarily?
"Okay, let's do it temporarily." Well, it's been 50 plus years.
That's a long temporary period of time.
The people this time around, there's not just five channels on TV that you listen to and you're not just reading the newspapers.
People are getting their information from all different places and the information gets out there and the people understand what's going on.
So this time around is going to be very, very difficult for them to actually push the people where they want them to go because the people are awake.
Plus, we do have certain individuals in Congress That are not going to fall for this this time around and I do believe Trump does have his hand in this one and I don't believe that the central bank is going to be able to push the central bank digital currency very far because we already know there are bills in Congress that are saying absolutely not we're not going to a central bank digital currency because I do believe those people now that are in Congress yes it's a very small group
They understand what's going on and this is why they introduced certain bills because you introduce the bill and you wait for a certain event.
Now of course I do believe there's probably dees and rhinos that they have something that's prepared and ready to go when the crisis hits but I do believe Trump, the patriots, they're going to have the advantage because they have the people and if you have the people and the people are awake and they see what's going on Then you can move people where you want them to go.
And I do believe the people are going to agree with this, because at this point in time, the people will accept these solutions that Trump is handing out.
Because they've been watching Biden, they've been watching the Treasury, they've been watching the Fed, and this entire period, they've been lying to the people.
Think about it, when Biden first came into office and he was allowed to live at the White House, He's been telling everyone, look, we're going to the Green New Deal.
It's going to be great for the country.
I'm going to shut down the fuel, the pipeline, and everything's going to be fine.
We're going to get everything into a good position and people are going to see a new world.
Well, what have people been seeing?
They've been seeing a new world, but not the world that they want.
They're seeing inflation.
Remember Biden, the Treasury, the Fed?
They said, no, don't worry.
It's transitory.
Don't worry about it.
It's just going to disappear.
It never did.
It stayed here.
Biden told us he was going to get the fuel prices under control.
Well, he used the Strategic Petroleum Reserves to get the fuel prices under control.
And now we don't have the Strategic Petroleum Reserves and we're heading towards war.
And now the fuel prices are going back up.
So the people see a lie right there.
And they remember what Trump did.
So everything that Biden, Treasury, The Fed have been saying is turning out to be a lie and it's going to continue to be a lie as we enter 2024 and the system completely and utterly breaks down.
Now as we enter this scenario people are going to realize that the value of the currency it's losing value every single day and people are going to start to realize that you know something I must do something to protect myself because if I don't And bread costs 50 or services go up by 50 percent?
I won't be able to survive.
And I do believe a lot of people are going to take this action.
And once again, the entire story of that, you know, gold is a barber's rag or cryptocurrency is used by criminals, that is completely falling apart.
Bitcoin Magazine put this out on X and said, U.S.
Congressman says cash is king when it comes to illicit finance, not cryptocurrency.
So once again, we have people starting to realize, yeah, you know something, the story that, oh, cryptocurrencies, that's only used by criminals.
Well, that whole entire argument is falling apart because look at all the money laundering the banks have been doing.
Look at the money laundering that Biden has been doing.
And he's been doing this for a long time.
And he's been using cash to do this.
He's been using the Federal Reserve note to do this.
So I think the people are seeing the reality of the situation now.
And as we approach 2024, the election in 2024, and as the economy breaks down, we get closer to war, I think the people are going to start to see that these people do not have our best interests at heart.
And they're going to see that they're driven by a completely different agenda than what the people actually want.
And I do believe at this point, this is going to give the people the ability to take back the entire economic system and actually have the entire system restructured And I do believe the Fed will cease to exist.
A lot of the central banks, the private West Central Banks around the world will cease to exist.
And once we have a country that is operating without a private West Central Bank, And people see how fast the economy is growing.
Well, that's pretty much game over for the central bank.
And this is what they're going to try to stop every step of the way because they don't want people to see this.
This is their worst nightmare come true.
If they saw the United States without a private was a central bank and the people of the country were creating their own currency with no interest attached and there was no taxes, income taxes like we see today and we're funding the government with tariffs.
And the economy prospers in a couple of months, like Trump said he will be able to do.
I do believe he will be able to do if you get rid of the central bank.
I do believe the economy will bounce back very, very quickly.
Once the people see this and the central bank knows the people see this, it's game over for them.
They won't be able to come back, not for a very, very, very long time.
And I do believe this is something that Trump and the patriots want to show everyone
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