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Nov. 28, 2023 - X22 Report
25:20
Ep 3222a - The Parallels Between 2008-2009 Economic Recession Are Striking, Think Obama
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I'm going to talk to you about the next episode.
Hi and welcome.
You're listening to The Axe 22 Report.
I'm Dave in this episode 3222 a.m.
Today's date is November 28th, 2023.
And the title of the episode is the parallels between 2008, 2009 economic recession are striking.
Think Obama.
Let's talk about being prepared.
Shockingly, the average person believes they could survive for two weeks alone in the wilderness.
But a new study reveals most couldn't even spark a fire.
The survey of 2,000 Americans show many are confident in their ability to survive in the wild.
However, only 17% felt very confident in their ability to start a fire with just flint.
That's why tens of thousands rely on the Fire Pit Mini to start fires outdoors.
The Fire Pit Mini stove grants anybody the ability to start fires, boil water, and cook food from virtually anywhere with only kindling or leaves as fuel.
You could spend hours spinning sticks together or wasting your matches trying to start a fire to stay warm and cook meals, but the Fire Pit Mini stove is engineered to give you a reliable, effective, and simple way to start a robust fire with little smoke in any condition without the hassle.
The Fire Pit Mini Stove is the most effective choice for camping, hunting, traveling, road trips, power outages, emergency, and more.
It could be the critical difference between life or death in a crisis.
Give the gift of warmth this holiday season by simply placing your order now to get 25% off, along with many other free bonuses like access to the Prepper's Peak exclusive newsletter, free express shipping, and last but not least, a 100% lifetime guarantee replacement.
Hurry now before they sell out by going to firepitmini.com.
That's firepitmini.com.
Use promo code BLACKFRIDAY or just click the link in the description.
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, we can see that they are now moving forward with everything that they have and what's very interesting about all this as they push the Green New Deal, the Great Reset, Everything that we're witnessing today, it's starting to look like 2008-2009.
And I do believe as we go through the year 2024, everything's going to start to break down and feel like it's 2008-2009.
And think about what happened during the year 2008-2009 when we had the presidential election.
Well, the market came down in October.
So it looks like we're seeing the parallels right now, and it looks like this is going to be used against the Dees.
Think about what happened during the presidential election in 2008-2009.
It was used against the Republicans, but I think this time around this is going to be used against the Dees, the Deep State, the World Economic Forum, the Central Bank, because now this is all being turned around and everything is now pointing to them.
And remember, they never ever expected anyone to see any of this.
They thought they were going to have a cover story.
They thought they were going to be in control of all of this, but they are not.
Hey, before I forget, X22 just launched its second drop called We The People.
It is now live.
All you need to do is go to x22store.com.
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.
Head over to X22Store.com, that's X22Store.com, or visit X22Report.com and click on the banner, or just go to the description down below and click on X22Store.
It'll bring you right over to the store.
On Monday, November 27th, we'll be unveiling the mystery merch.
So head on over to X22Store.com, that is X22Store.com, or click the link in the description.
And what are the people around the world seeing?
They're seeing their agenda and the people, well, they're not going along with it.
And you can see they are pushing as hard as they possibly can.
But what people are starting to see and what are they starting to realize?
Because the information is coming out.
Well, the Green New Deal doesn't work.
Electric vehicles don't work.
They want us to eat bugs.
They don't want us to own anything.
They don't want us to travel.
Everyone is starting to see this.
It's no longer a conspiracy anymore.
Look what the UN is doing right now.
The United Nations, they set to call on Americans to reduce meat consumption because of climate change.
Think about that for a second.
This is how they always begin their agenda.
Oh, don't worry.
We just want you to get rid of meat.
Oh, then we just want you to get rid of vegetables.
Oh, we just want you to get rid of all food supply.
And the only thing you can eat, because you gotta reach net zero here, the only thing you can eat is bugs!
That's what they want in the end.
They want control.
They want a weak population.
How do you make a population weak?
Well, you take away the food supply.
You take away the food, their energy.
Take away all energy.
Really think about what they're doing here.
They don't want people to fight against them.
And if you reduce the population, if you make them weak and they don't have the ability to travel, they don't have the ability to do anything, can they fight back against these individuals?
No, that's what they want in the end.
And I think the people are starting to see this and their entire push to change the economy, to change the world is completely and utterly falling apart because they're trying to implement everything while we're still here on the planet.
Remember, they didn't expect the city still to be standing.
They didn't expect the people To be roaming the earth.
They thought they were going to have death and destruction.
They thought they were going to destroy all the cities.
They thought there'd be a reduced population and they would just be able to rebuild everything.
But they're actually unleashing their entire plan.
In a world that cannot work with what they want to do.
And I do believe Trump and the Patriots needed the entire population to see this.
And the people are seeing this every single day.
And they needed the people to actually go through with it.
Oh wait, we want to make everything net zero electric?
Okay, what we're going to do is we're going to change all the trucks to electric.
Well, let me see, the batteries weigh, you know, thousands of pounds.
We need a couple of those batteries.
We need electric to charge them.
Can we actually really do it?
And the people, they're starting to realize it can't be done.
Because remember, to push this agenda, the Green New Deal, it was never supposed to happen the way we have the world today.
They wanted the cities destroyed.
They wanted the population reduced.
And this way when they rebuilt everything, With a smaller population, they would be able to do it.
That's their entire plan.
So listen to this individual explain how the entire EV push and how they want everything to go green, how it will not work.
Take a listen.
On the scale of the issue, each electric vehicle battery for a heavy duty truck weighs 8,000 pounds.
You need at least two of them.
So we're talking the weight of, you know, four or five cars.
And my friends and peers in the industry, nationwide, who have tried to make efforts to put in, say, hey, I'm going to convert a dozen forklifts to electric, or I want to tee up a facility for 30 electric trucks.
There's no power.
The utilities come back.
The cities come back and say, is this some kind of joke?
One friend tried to put in, in Illinois, a facility, tee it up for 30 trucks electrification.
The city came back and said, this is some kind of joke.
You're asking for more draw than the entire city requires.
And just to give you an idea, 30, 50 trucks, that's like a 5, 6 megawatt application.
The factory that makes the trucks is a 2 megawatt factory.
And that should tell you everything you need to know.
And the other thing that's very interesting, and this is coming from a new study, it is actually debunking that CO2 is driven exclusively by humans.
It is all made up by using Fake models to convince the people of this world.
So the new study says that the claim that increases in atmospheric CO2 are driven exclusively by humans relies on made-up accounting models with resident time for natural emissions three to four years which is consistent with actual observations but CO2 from human sources is claimed to have a residence time of 50 to 100 years.
The 15 to 30 times longer residence time for humans' emissions is an imaginary conceptualization that is wholly inconsistent with the bomb tests 1963 and seasonal CO2 variations found in real world observations.
Human emissions account for under 5% of the total from all sources, natural and man-made.
So once again, Their entire theory is being debunked.
People are seeing that their entire push to bring the world to net zero is not going to work because their entire plan relied on the fact that there was going to be an event.
Their entire plan relied on the fact that people were going to be in the dark and afraid and there'd be death and destruction everywhere.
Their entire plan relied on reducing the population and destroying the cities.
Their entire plan is not working.
And as we go down this path, what are the people seeing?
The people are seeing the truth.
They're seeing these same people destroy this economy.
They will be held responsible.
And every day that passes, people are finding it harder and harder to live.
And yes, as we go through 2024, it's going to get that much harder.
Take, for example, if you bought a house back in 2021.
A $500,000 house at 3% interest rate was $2,108.
That would be your payment.
$2,108 each month.
house at 3% interest rate was 2,108.
That would be your payment, 2,108 each month.
If you bought a house in 2023 for 500,000, well, the interest rate is 7%, you have to pay This is why the real estate market is having a very, very difficult time.
Plus, when people look at everything around them and how much it costs, people are starting to realize things are getting very, very expensive.
Yes, I know, Kareem Jean-Pierre is out there saying the economy's better.
Biden's out there saying the economy's better.
But the people of this country, the people of the world, they realize that everything is breaking down because they're living it every single day.
And they realize, hey look, we have one job, two jobs, we're making a good living, but how come all our money is going out the window?
You can't fool the people.
You can lie to them all you want.
But when they're feeling it every single day and they're working 40, 50, 60 hours a week, you can't lie to them.
And when you lie to them, it just gets worse and worse for you.
FX Hedge put this out on X and said, just how bad is the US cost of living squeeze?
We did the math.
After years of inflation, U.S.
consumers are shouldering a burden unlike anything seen in decades, even as the pace of price increases has slowed.
It now requires $119.27 to buy the same goods and services the family could afford with $100 before the pandemic.
Since early 2020, prices have risen about as much as they had in the full 10 years preceding the health emergency.
It's hard to find an area of household budget that's been spared.
Groceries are up 25% since January 2020.
Same with electricity.
Used car prices have climbed 35%.
Auto insurance 33%, rents roughly 20%.
Those figures help explain why Americans continue to register strong dissatisfaction with the economy.
Consumers' daily routines have largely returned their pre-pandemic normal, but the cost of living has not.
Hourly real and nominal wages after accounting for inflation.
Hourly wages have barely budged since 2020.
Bureau of Labor Statistics and the government data reports that show easing inflation are cold comfort because they simply indicate prices are growing at a slower pace, not they are returning to early 2020 levels.
So Let's talk about being prepared.
Shockingly, the average person believes they could survive for two weeks alone in the wilderness.
But a new study reveals most couldn't even spark a fire.
The survey of 2,000 Americans show many are confident in their ability to survive in the wild.
However, only 17% felt very confident in their ability to start a fire with just flint.
That's why tens of thousands rely on the Fire Pit Mini to start fires outdoors.
The Fire Pit Mini Stove grants anybody the ability to start fires, boil water, and cook food from virtually anywhere with only kindling or leaves as fuel.
You could spend hours spinning sticks together or wasting your matches trying to start a fire to stay warm and cook meals, but the Fire Pit Mini Stove is engineered to give you a reliable, effective, and simple way to start a robust fire with little smoke in any condition without the hassle.
The Fire Pit Mini Stove is the most effective choice for camping, hunting, traveling, road trips, power outages, emergency, and more.
It could be the critical difference between life or death in a crisis.
Give the gift of warmth this holiday season by simply placing your order now to get 25% off, along with many other free bonuses like access to the Prepper's Peak exclusive newsletter, free express shipping, and last but not least, a 100% lifetime guarantee replacement.
Hurry now before they sell out by going to firepitmini.com.
That's firepitmini.com.
Use promo code BLACKFRIDAY or just click the link in the description.
The people, they feel it every day.
And when they go out, they go shopping, they realize it.
Even when people go to buy Christmas trees, they're seeing that the Christmas trees are a lot more money.
And the people, you can't fool them, you can't lie to them, you can't gaslight them.
The people see it because it's their money, they know what they spent last year, the year before, and they know when things go up.
So you can't lie to the people.
But don't worry.
The government, the Biden administration, the deep state players, they love spending money on illegals.
They love spending money everywhere but on the people in this country.
The United States taxpayer pays about $451 billion per year for housing and care of illegal immigrants.
Is that really necessary?
This is what they have caused.
Now think about this.
Go back to 1776 and Wall Street Silver put this out.
Back then, the people got pissed off when they had to pay 3% taxes.
And the people, what do they have?
They have a revolution.
Now, I know that wasn't the only cause.
There were many other things.
There were the founding fathers.
They were going after the central bankers.
They knew the money changers.
They wanted freedom.
The British government was trying to take their freedom away, but the people got pissed off when there was the stamp tax, when there was other taxes, and the people got very, very angry.
Today, they brainwashed the entire population to accepting Taxes.
That's why no one is getting pissed off.
I mean, in 2023, pay 40% taxes or else.
And the American people, are they having a revolution?
No.
They just pay them.
Because over time, they convince the people that this is normal.
And the people just go along with it.
But I think things are changing now because now people can see the inflation.
Now people are hurting.
Now people are saying enough is enough.
Especially when we move into 2024 and people start to lose their jobs.
This is what's really going to get the people off the couch because yes when you have your job And you're living your life, you just say, okay, the taxes went up.
I've seen taxes go up my entire life.
I guess this is just the way it's supposed to be.
Now with inflation, like people have never seen before, because I do believe Trump and the Patriots, they accelerate all this.
So it would slap them in the face.
Now people are saying, well, wait a minute.
The inflation is completely out of hand and you want to tax me more?
I can't make ends meet.
Now I'm struggling.
That's what people are saying, especially when people start to lose their jobs.
And we can see there are more layoffs.
Coming.
Genevieve Roque-Dector on X put this out and said, layoff and pay freeze announcements in the past few days.
KPMG extends pay freeze to 12,000 UK staff.
Volkswagen to cut thousands of jobs.
PwC cuts 2% of Canadian workforce.
Lion Electric to lay off 10% of workforce.
Lloyd's Banking is putting 2,500 jobs at risk at part of cost.
So we could see that there are a lot of companies now That are looking to lay off people.
They have pay freezes.
And do you think inflation has stopped?
No.
And this is why you see so many videos of people saying, listen, we're doing the same thing that we've always done.
We have our jobs.
We're working really hard.
We make a pretty good living.
We don't, you know, have a big house or anything like that.
We're not doing extras and we're barely making it through the month.
Uh, We, after our check, we have like $100, $200 and we can't make ends meet.
And Chief Nerd put this out on X and this woman, who's a critical care nurse, her video went viral on TikTok for calling out how hard working Americans are living paycheck to paycheck.
She said, growing up, we were told to go to college, get a degree, work to support the family.
Here we are.
We did that.
Now what?
I'm not into politics, but it's very, very difficult to survive.
We have hardly any money.
And it's getting worse and worse as time goes on.
This is what the people are experiencing.
And the people are getting angry and pissed off.
And sooner or later, I know they don't want to get involved in politics.
They don't want to say it's Biden's fault, Trump's fault.
Eventually, they're going to have to decide.
Eventually, they're going to have to say, you know something?
Who's responsible for all of this?
Who is causing me all this misery?
And sooner or later, they're going to have to say, you know something?
I know who it is.
It's these people that continually say the economy's doing great.
It's my imagination.
I mean, the people are going to get really, really angry when we go through 2024 and Biden and the White House press secretary tell people that it's your imagination.
The economy's really good.
When you're sitting here going, then how come I have no money at the end of the month?
And this time around, I had to get rid of my car insurance because I can't afford car insurance.
See, the people are going to get really, really angry as time goes on.
And when you look at the polls, you can see that people realize that the economy was much better off when Trump was in office.
This is coming from Bloomberg, and this is in 2024, swing state poll.
Would you say the economy is, was, Well, 53% say better off under Trump, 33% better off under Biden.
Your personal financial situation, 52% better off under Trump, 30% better off under Biden.
What is the single most important issue to you when deciding who to vote for in the 2024 presidential election?
41% the economy, 9% immigration, 8% democracy, and then it just drops after that.
I mean, climate change is 4%.
Guns are 4%.
So people are concerned about the economy.
So think about this.
As we go throughout 2024 and the economy breaks down, people get laid off, inflation picks up, and the market comes down, which I do believe is going to happen at the end part of 2024, very close to the presidential election.
The people who are concerned with the economy, which is 41% right now, you think they're going to be really concerned?
Oh yeah.
You can bet on that.
They're going to be really concerned.
And you can see Biden right now, the D's, they're trying to control The oil prices by allowing Iranian oil to be sold to keep oil prices from rising.
So he used the Strategic Petroleum Reserves.
Those are very, very, very low.
I think we have 17 days if there's an emergency and then it runs out.
So they couldn't use any more of that because that would be a complete and utter disaster.
And people go, OK, we have five days left.
So if there's a war, if there's an emergency, we only have five days.
Actually, 17 days is really, really low.
So now he needed Iran to sell oil on the market even though there's sanctions against Iran.
Think about what he's doing right now.
Wouldn't it be easier just to make the country energy independent?
Alright, that would go against the Green New Deal.
So Trump and the Patriots, they knew that they were going to do this.
And in the end, this is going to destroy them.
And when you look at the economy, what do people see?
Well, they see the parallels between 2008-2009, and they're very, very similar.
So when you look at it, you can see it.
It's clear as day.
So in March of 2008, we had the failure of Bear Stearns.
And earlier this year, we had a failure of Silicon Valley Bank and First Republic Bank, the second and third largest bank failures in US history.
If in early 2008, we had clear signs of the Bursting of a housing market bubble.
Today we have the clear signs of the bursting of a commercial real estate bubble.
Worse yet, the bubble is bursting along with other financial market stresses caused by high interest rates in an over-indebted economy.
Ben Bernanke was overly complacent about building strains in the U.S.
financial system in the first half of 2008.
The same might be said today of Powell's Not only does the Powell Fed largely ignore the financial system risk of its own making, it keeps adding to financial market strains with the most aggressive interest rate hiking cycle in decades.
It also does so by withdrawing around $80 billion in market liquidity a month through its quantitative tightening policy.
The Fed's shift from a larger buyer of U.S.
Treasuries to one that does not roll over its maturing Treasury bonds has been one of the principal factors in the recent spike in the all-important 10-year Treasury bond yield.
To 5%.
So we're seeing very, very similar things.
And I do believe you're going to see the parallels pick up as we go through 2024.
Because think about it, the Fed, Biden, they're all going to tell you that, hey, we have no problems in the economy.
We're on the right track here.
And in the meantime, the economy in the background is going to be breaking down.
We're going to see a real estate bubble pop.
We're going to see banks fail.
We're going to see the economy completely rip itself apart.
And I think as we approach the presidential election, just like we saw back in 2008-2009 when McCain and Obama were running, we're going to see the market come down.
And the people are going to start to realize as soon as that happens, people are going to go, wait a minute.
So Biden, his financial advisor, And everyone else in the administration, the Fed and the Treasury, were telling us that everything is fine, just like they told us that inflation was transitory.
Now the market came down and they're still trying to convince us that everything's great?
You think that people are going to believe what they're saying?
No, because throughout the year, what are they going to see?
Layoffs.
They're going to see inflation.
They're going to see a housing market problem.
They're going to see so many different problems that they will no longer believe them.
And the last part of it is the market coming down where people say, wow, you just completely lied this entire year.
And now We know who's responsible.
You had no idea that this was happening.
You had no clue, which they really did have a clue, but they couldn't admit it.
But the people are going to go, oh, we know.
So why would we vote for you?
We won't.
We can't.
Unless we don't want to have jobs.
Unless we don't want to make a living.
Unless we want to be in debt the rest of our lives.
So the people, they're going to be pushing back.
And think about it.
Add on top of that war, Who do you think has the upper hand?
Well, throughout 2024, what do you think Trump will be doing?
He'll be telling everyone, I got the solutions.
We can make the economy great.
It doesn't have to be this way.
If Biden would just do what I'm telling him to do, if he just stayed on course with what I had, everything would be fine.
But he didn't do it.
And I do believe, in the end, Trump will have the people, the people will look to him, and we will go in a completely different direction than the Central Bank, the World Economic Forum, Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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