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Nov. 21, 2023 - X22 Report
28:37
Ep 3217a - [CB] Makes Their Move, The Real Currency War Is About To Begin, The People Are Ready
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Hi, and welcome to the You're listening to The X-22 Report.
My name is Dave and this is episode 3217A and today's date is November 21st, 2023.
And the title of the episode is Central Bank Makes Their Move!
The Real Currency War Is About To Begin!
The People Are Ready!
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 5-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 life health and fitness coaching for life, a free new e-book titled The 14 Foods for Amazing Skin, a 60-day satisfaction guarantee, and last but not least, free shipping.
Simply go to healthwithx22.com, that is healthwithx22.com, to take advantage of this limited time deal before Before they sell out, 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, they are now prepared and ready to try to bring the world into their great reset, the Green New Deal.
And they're ready to spring the central bank digital currency on the people of this world.
And you could see they're already making their moves.
And this is the real currency war.
See, the currency war between the fiat currencies of the central bank, that's not the currency war.
The currency war is between the private West Central Bank and the people of this world, the people where they don't want the fiat currency, where they want something that's completely different and controlled by we, the people.
That's the real currency war.
And we're about to head into it.
How do we know this?
Well, the IMF, they put out a handbook letting everyone know.
All about the central bank digital currency and in this handbook it explains how when there's a crisis the central bank digital currency would be perfect to actually stop whatever is going on during that crisis.
It will make everything stable.
It will make everything great.
Now of course we knew exactly what they were going to do.
We knew exactly what their plan was because from the very very beginning When the pandemic hit, we knew they made the announcement and they said, this is the perfect time for the Great Reset, the Green New Deal, which included the central bank digital currency.
And we knew in the end, this is exactly what they wanted because they want complete and utter control.
And you can see they're already building the narrative of why Bitcoin is no good.
It's not actually Bitcoin.
They're actually trying to make the argument that crypto is no good.
And they can't really attack Bitcoin.
They really can't attack crypto.
So they're going after the exchanges to try to push their narrative forward and this is what they do in the very very beginning because hey before i forget x22 is launching the second official x22 merch drop this black friday called we the people this launch consists of all new items everything is going to be limited quality these are all new designs that you've never seen before and they're going to blow your mind
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They need to actually make everyone think that this alternative currency is no good because remember they're planning and ready to bring in their sent by digital currency and I do believe this is going to happen As we approach 2024, which is the presidential election, and I do believe it's going to be a cyber attack, I do believe they're going to say, holy crap, look at the inflation, the cyber attack.
We need something out there to calm the situation down, to make sure that people have a safe place to put their money and an easy way for them to transition.
Into the central bank digital currency.
And you can see they're already planning to do this.
Now I do believe Trump and the Patriots, they're going to be using this event to actually shift everyone away from the central bank digital currency and shift them into a people's currency.
And remember at this point the central bank will be at their weakest point.
They will not have the leverage.
Yes, they'll put the fear of God into everyone because they want everyone to move into their system.
But I do believe the patriots, they will have the upper hand in the end.
But you can see the narrative is already being built and they're already preparing for this.
We'll be talking about that in just a sec.
But the other thing that's very interesting is we could see that the IRS right now, since they need a lot more funds, because think about all the debt that the government is putting on.
So they need a way to collect the taxes and in the end they're going to go after every single person.
I know Biden's out there saying, oh we're only going after the rich!
That's ridiculous.
This is the same exact playbook they used when they were first forming the IRS, saying, we're only going to tax the wealthy.
We're not going to tax the middle class.
We're not going to tax the poor.
Don't worry about that.
The wealthy can handle it.
And of course, of the middle class and the poor side, that's perfect.
The rich can handle this.
Let them pay for everything because they're rich.
And what happened?
Everybody was taxed.
Biden is doing the same exact thing.
They're using the same exact playbook, but we can see that they're going to go after everyone.
How do we know this?
Well, starting this year, a new IRS rule required that third-party payment networks like PayPal, Venmo, Amazon Square issue Form 1099-K when a user receives more than $600 in gross sales from goods and services transaction in a single year.
Earlier, the threshold of gross sales was over $20,000.
So they brought it down to $600.
Why would they do that?
Oh, that's right.
The government, they're printing and printing.
Well, actually, it's the Federal Reserve.
The government is borrowing.
And the debt is continually moving up and tax revenue is going down.
And as the interest payments go up because of the interest rates, what needs to be done?
They need to collect more and more and more.
And how do you do this?
You go after everyone!
Instead of having people make over $20,000 and collect that tax, you bring it down to a $600 level.
And that is exactly what they're doing.
But we can see the U.S.
Government Accountability Office.
They're saying that this is going to be a major problem because they're saying that this is going to confuse a lot of the taxpayers.
Gig workers who are out there just trying to make an extra buck to get ahead, they're not going to understand the tax liability of their payments and they're not going to understand the taxes that are owed.
For example, some of these taxpayers may not know how to calculate profit or loss and may not understand the information reported on the form.
This puts them at risk of inaccurately reporting their incomes to the IRS or not meeting their tax obligations.
The IRS calculated the new rule would result in 44 million Form 1099-Ks being filed in 2024, which is an increase of roughly 30 million.
The tax agency doesn't have a plan to analyze these data to support its enforcement and outreach activities.
This is coming from the Government Accountability Office.
Really what the government wants?
They want everyone's tax money.
They want more of it.
Why?
Because the interest rates are going up, the debt is going up, and soon they will not be able to pay for any of this, especially As layoffs loom in the distance.
Because when people get laid off, people don't make money.
If people aren't making money, they're not generating taxes.
If they're not generating taxes, how do you pay for the debt?
Especially when the rates are continually moving up.
You can't.
You run into problems.
And here we are today, and if you go back in history, we're in that same spot where the kings and queens said, listen, our coffers are running empty.
We need to get more and more money to pay for the things that we want.
And they went out to the serfs and they said, hand over more money.
I don't have any more money.
Yes, you do.
And they forced the people to hand over what they have, or they confiscated their lands, their cattle, or whatever else they had.
We're seeing the same exact thing right now because their system that they created is falling apart right now because their system, and I'm talking about the central bank system, it doesn't last forever.
Eventually it implodes on itself and this is why they need a major, major event to cover up the implosion.
That's why they need a crisis.
That's why the entire system is going to be brought down.
Now Trump and the Patriots, they knew the playbook.
They knew exactly what they were going to do.
They knew exactly how they were going to bring the entire economic system down.
They tried to do it during the time that Trump was in the White House when they started to raise the interest rates.
So we're seeing the same exact thing happen right now.
And the American people, they're pretty much tapped out right now.
Actually, most American people right now, they're raiding their 401ks to pay for the mortgages and rent.
Remember, they used up their savings.
They used up what they had.
And now, they're going into their 401ks, they're going into their retirement plans.
And some people are taking loans out on this.
And if you look at all of this, you can see that this is going to be a complete and utter disaster.
Actually, according to Fidelity, 2.3% took a hardship withdrawal in the third quarter up significantly from the 1.8% rate observed in the same quarter of 2022.
The top two reasons given for the third quarter hardship withdrawals?
Avoiding foreclosure, eviction, and medical expenses.
This should tell you everything you need to know.
And once again, this is going to be a huge problem in the end, which means the American people, they're tapped out.
And as the economy completely implodes, it's going to be terrible.
And as we approach this holiday season, I think retailers are already starting to realize that the American people, they're not going to purchase like they did before.
This time around I do believe sales are going to be quite light and actually Best Buy they have issued a warning ahead of Black Friday and they're saying that yeah the consumer demand right now is going to be unpredictable and inconsistent.
People are going to be looking for really great deals because they just don't have the funds to purchase the items which means that These retailers, they're going to not make what they made last year or the year before.
And actually, Best Buy is already saying that they're dropping their revenue expectations.
So we could see already that this is starting to hit and this is going to be a complete and utter disaster.
Actually, Zero Hedge put this out and said, the state of the consumer Abercrombie and Fitch falls 5.9%.
Coles falls 5.2%, Lowe's falls 4.3%, Best Buy falls 4.5%, American Eagle plunges by 9%.
You're already starting to see this happen and it's going to get worse and worse as time goes on.
Now the other thing that's very interesting is we could see that the deep state players, the central bankers, they need to manipulate their numbers because they can't Allow people to see and understand that the system breaks down over time.
So since the 70s, what the US government has been doing in coordination with the central bank, they have been manipulating the statistical numbers so this way they can tell you that the economy is doing well.
Just like with inflation, they don't Look back over time and go, okay, here's the cumulative number because people would freak out about that.
They'd go, holy crap, 1970, you're telling me that we're at 1500% inflation?
Ooh, that doesn't sound good.
So what they did is they decided, okay, we'll just show it each year and no one will be the wiser.
Oh, it only went up 2% this year, only went up 3% this year.
But when you start to add it all up, it's up like 3000% or so.
Plus, they modified and manipulated the calculation over time, just like they manipulate the calculation of who's working, who's not working, they manipulate the CPI and everything else.
So 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 life health and fitness coaching for life, a free new e-book titled The 14 Foods for Amazing Skin, a 60-day satisfaction guarantee, and last but not least, free shipping.
Simply go to healthwithx22.com, that is healthwithx22.com, to take advantage of this limited-time deal before they sell out.
When you start to look at all this, you can see they have to do this because otherwise the people would understand that this system doesn't work.
And what's very interesting is FX Hedge put out a sub stack explaining how they manipulate all this.
And this is how the article starts.
Those who have been closely following the monthly CPI reports in depth have also known about the problem for a while.
The reason it got more attention in the October report was because the BLS made some methodological changes that took effect last month.
Unfortunately, the changes the BLS made, more on that later, did not address the underlying problems with their methodology of measuring price changes in health insurance.
BLS is essentially trying to measure it Is the difference between what the insured pays in premiums and the value of the benefits he or she receives from the insurance.
Let's say you pay $5,000 per year in premiums and you receive total benefits of about $4,500 over the course of the year.
The $500 difference is called net premiums and BLS measures it by looking at the retained earnings of health insurance companies.
This is an indirect method of measurement and it has some serious flaws because many factors can affect retained earnings besides premiums received and benefits paid.
The problems with the methodology were evident long before COVID.
However, each fall, depending on the latest retained earnings data, the price of health insurance and the CPI often began an abrupt change which then smoothed out over time.
In the long run, This sub-index provided reasonable, accurate data, even in the short run.
The sub-index usually did not deviate too far from reality.
There was a two-year run-up in the index preceding the pandemic, which was not unlike what happened in 2011 and 2012 in the annual percentage terms.
The big difference between the two time periods was that 2011 and 2012 came on the heels of three years of deflation in health insurance.
But by the fall of 2020, BLS incorporated the latest round of data and it became clear that things were getting out of hand.
So what changes did BLS actually make?
Not very meaningful ones.
To prevent the sudden changes in the sub-indexes level when new data are incorporated, retained earnings will use a moving average.
To reduce the lag, the data is now updated twice a year instead of once a year.
And that's it.
BLS is still using the retained earnings model as an indirect measurement of health insurance costs.
The fact that people at BLS knew this was happening and did nothing to correct it is beyond atrocious.
Major policy decisions are made based on data like the CPI, and it needs to be balls-on accurate, or at least as close as possible.
That's why in 2020, BLS made a series of changes to unemployment data to better estimate how many people lost their jobs during government-imposed closure of businesses.
So, if such changes were made in 2020 during an unprecedented series of events, why was nothing done in 2021-2022 of this year?
That was an inexcusable oversight.
Inflation over the last year has clearly been underestimated, giving the Federal Reserve an excuse to stop at rate hikes and to maintain only a slow rate of decline in the balance sheet.
If this type of error happened at a private financial firm, literally everyone involved would be canned.
And blackballed.
Risk management would also be decimated.
But because this is government bureaucracy, nothing will happen.
Actually, those involved may get promoted.
That's how you get the current Treasury Secretary.
And yes, this is what they do.
They always manipulate the numbers because they can't allow the people to actually see the real data.
And they've been manipulating the data since the 70s.
And they continue to manipulate it to make you think that everything is fine.
But as you can see, everything is breaking down.
And you can see that the central bank right now, they're prepared and ready to usher in their central bank digital currency.
The International Monetary Fund released a handbook for global central banks regarding the development and implementation of a central bank digital currency.
The IMF Central Bank Digital Currency Virtual Handbook published last week pointed out that the increased use of CBDCs can reduce dollarization of the global economy.
A situation where countries move away from relying on the U.S.
dollar as a reserve currency.
De-dollarization would push up borrowing costs in the United States, making loans expensive for businesses and individuals, thus affecting economic growth.
Stock market values can also crash, reducing the savings and investments of Americans.
In addition to de-dollarization, ACBDC could increase risks of flight to safety from retail bank deposits in periods of market stress.
During times of market volatility, customers Withdraw their deposits and move into a safe asset to avoid losing money in scenarios like bank collapses.
If CBDCs were available, pulling out funds from a bank and putting them in such assets will come across as a safe option for many people, thus triggering a bank run.
The organization pointed out that CBDCs could offer a safe store of value and efficient means of payment which can increase competition for deposit funding, raise banks' share of wholesale funding, and lower bank profits.
So they're already paving the way and they're putting out the narrative of why we need the central bank digital currency.
Oh, you see the de-dollarization?
You see the economy crashing?
Well, this will be the safe haven.
This is where you'll be protected.
But remember, in this country, You're not going to be able to just move into a central bank digital currency.
First of all, it's a completely different currency and we have bills in Congress that already passed the House and it's pushing against the central bank digital currency.
In September 12th, Mr. Emmer pointed out that unlike decentralized cryptocurrencies like Bitcoin, central bank digital currencies are designed and issued by a government and transact on a digital ledger that is controlled by the government or controlled by the central bank system, which is the private corporation.
This could give the administration the power to surveil Americans' transactions and choke out politically unpopular activity.
So the bill that he introduced imposes the following prohibitions.
It prevents the U.S.
Federal Reserve from issuing a central bank digital currency directly to individuals.
thus making sure that the Fed cannot mobilize itself as a retail bank and collect personal data of Americans.
It prohibits the Fed from indirectly issuing a CBDC to individuals via an intermediary, thereby blocking the central bank from launching a retail digital currency through a two-tiered financial system.
If it bans the Fed from using any central bank digital currency to implement its monetary policy, this ensures that the central bank is not able to use these currencies as a tool to control the American economy.
In March 2022, Joe Biden, he signed an executive order asking the Fed to continue its ongoing research and experimentation of central bank digital currencies and to evaluate the benefits and risks of the digital dollar.
So yes, Biden, the Dees, the RINOs, they're all for this.
The Patriots, they don't want this.
And this is why they're introducing these bills to stop the Federal Reserve from doing this.
So the Central Bank Digital Currency Anti-Surveillance State Act ensures the United States digital currency policy is in the hands of the American people, not the administrative state.
So that it reflects our American values of privacy, individual sovereignty, and free market competitiveness.
On September 20th, the House Financial Services Committee passed the bill.
So again, they're going to try to usher this in with the crisis.
And I do believe Trump and the patriots, they're going to counter all of this with a different currency that is controlled by we, the people, and it is not controlled by a private Western central bank, where it's not centralized.
And I do believe that this is now headed our way.
And remember, the Central Bank, they're preparing the narrative.
They're already letting people know this is what we need to do if there's a crisis.
We know there's a crisis that's coming and we know that they're going to try to scare the people.
So in order to do this, they need to go and attack A currency that is very, very similar to the central bank digital currency.
So what do they do?
They go after the exchanges of cryptocurrency.
Now, the exchanges is not the cryptocurrency.
The exchanges are for people to go from the world of fiat into the world of cryptocurrency.
It creates that bridge.
Now, these companies, they could be bad companies, just like a bank.
Bank wanders money.
Bank does criminal activity.
This is not cryptocurrency.
But they can't attack cryptocurrency because there's nothing to attack.
So what do they got to do?
They got to go to the exchanges to make people believe that this is bad.
And this is what they have already started.
They're going after Kraken.
They're going after Binance.
But you don't need these exchanges to work with cryptocurrency.
You don't need them.
The only reason you need them is to go between two different worlds.
But you can go between the two worlds without these exchanges.
You don't really need them.
But this is the only way they can attack cryptocurrency.
And you can see the currency war has actually begun.
Why?
Because the entire system is completely and utterly falling apart.
And they know it because they're bringing it down.
And yes, they're going to try to scare the people into moving into the central bank digital currency, but here in the United States, you just can't have people do this, because this is a completely different currency.
Congress must pass a law saying that yes, this is the currency of the United States.
Now, do you think Congress is going to pass this?
Absolutely not.
Do you think they might pass something that has to do with the Constitution where the people create their own currency?
I do believe so.
But you can see the entire system is breaking down.
Moody's right now, they have downgraded U.S.
banks.
So JPMorgan Chase, Wells Fargo, Bank of America, they're all downgraded.
The agency cited extremely high debt in a high interest rate environment as the main driver of the negative outlook, which means these banks are in big trouble.
And I wouldn't be surprised if some of these banks, well, they implode on themselves as everything starts to fall apart.
And we can see that we're heading in that way.
And now you can see the currency war Has begun.
And it's not between the central bank's fiat currency.
It's between the central bank and the people and the people's currency.
That's the real currency war.
And you can see that the deep state players, the central banks, they've been panicking over these new individuals that are now running certain countries like the president of El Salvador and the new president of Argentina.
They are now afraid of these individuals because they're going to show their people a world without the private Western Central Bank.
So let me just go back a little bit in time and Wilkins put this out on X and said how it started.
Economists warn electing far-right Javier would spell devastation for Argentina.
After he was elected, Argentina's stocks soar, bonds climb as investors cheer his win.
Which means they panicked because they understand and they realize that he is going to shift this country, Argentina, away from the central bank system.
And you can see that they were putting out articles before he became president that he was going to be a complete and utter disaster.
This is how they try to convince the people not to vote for him.
And now you're going to see the country change and it's going to change for the better.
And the central bank doesn't want this.
Remember, the central bank, their biggest fear is for the people of this world to see their system.
It's for the people to understand that their system doesn't work.
And the only way that people can see that their system doesn't work is to actually, you need to see a country where they separate themselves from the private social bank and they use a different currency and they don't deal with the central bank.
Once people see that country flourish, it's game over for them.
And yes, you're going to see country after country after country move away from the central bank system.
Yes, there'll be countries that go along with it, especially out in Europe, but when it comes back here to the United States, this is where they're going to have the problem, just like with the vaccine passport.
Remember, they just can't implement it.
Just like the vaccine passport, we have a constitution and We have patriots in Congress that are going to push against this.
So the central bank, they're not in control this time around.
And I do believe Trump and the patriots, they're going to use this to their advantage.
And we're going to move away from what they're trying to do.
Now, don't get me wrong.
They're going to push very, very hard.
They're going to push fear like we've never seen before, because this is the only way they get their way.
Remember the crisis of 2008-2009?
Remember how they made it seem so scary?
Well, they did this for a reason.
They wanted full and utter control.
They wanted the Federal Reserve to have ultimate control, which they do now.
This time around, it's going to be very, very different.
This time around the people are awake, the people are learning, the people understand and I think the people are now ready for this battle because there is a battle coming and I do believe with Trump and the people we have the ammunition to fight against the central bank and we don't need to do what they want us to do because everything that they say is going to be based in fear.
Everything that Trump proposes is going to be based On logic.
And on the Constitution.
Or, he would like to say, common sense.
And in the end, the people are going to win.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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