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Feb. 6, 2024 - X22 Report

18:06

Ep 3276a - Germany In Trouble, Layoffs Accelerating, [CB] Ready To Prop Up Biden

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	My name is David and this is episode 3276A and today's date is February 6th, 2024.
	And the title of the episode is Germany in Trouble, Layoffs Accelerating, Central Bank Ready to Prop Up Biden.
	Let's talk about protecting our wealth.
	Hey, have you taken a good look at the banks lately?
	On the surface, everything looks fine.
	But there's a whole lot more going on underneath.
	It's like looking under the hood of a car, finding a mess of broken wires and parts.
	The parts are loans for homes, cars, and those credit cards we all use.
	They're hitting record highs.
	It's kind of scary when you think about it.
	Why risk your money for a tiny 5% return when things are so shake?
	This is where noble gold investments can help.
	They're like that old friend who knows all about keeping money safe.
	They suggest gold and silver.
	Oldies but goodies in the finance world.
	Plus, they've got a sweet deal.
	A free quarter-ounce gold standard gold coin this month if you qualify.
	Pretty cool, right?
	If you're curious, just give them a call at 877-646-5347.
	It's just a chat.
	No pressure.
	They'll help you figure out if gold and silver are right for you.
	Or visit x22gold.com and take the first steps towards a safer financial future.
	Or 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, as we can see they've been pushing all their policies and they're completely backfiring on them.
	Right now they've been pushing the net zero agenda which is the green news scam out in Germany and Germany is completely falling apart.
	The same thing's happening out in California and the economy is getting worse and worse as time goes on and the only thing the central bank can do Is prop up the market and make it look like Biden is doing a great job.
	And that's exactly what they're prepared and ready to do.
	But as we go throughout this year, we're going to see all their policies backfire on them.
	And the people of the world, they're going to start to recognize that they're destroying the economic system.
	They're destroying jobs and they're destroying manufacturing and countries will no longer be competitive.
	And those countries that go along with this agenda, they're going to be in a lot of trouble.
	Actually, if you look at Germany, they are in a lot of trouble.
	The economy minister, Haybeck, and finance minister, Linder, say Germany is no longer competitive.
	Both are part of the ruling left-green liberal government, and they're absolutely right.
	Germany is no longer competitive, and if they keep going down this track, it's going to get worse and worse as time goes on.
	Why do you think everything that the deep state has done, the central bank has done, where they're trying to push EC, ESG, investing, their green new scam, everything that companies are being told to do, it is actually destroying the companies.
	So what are the companies doing?
	They're backtracking on all this because they're starting to realize this is not going to be good for business.
	And we're starting to see more and more of financial institutions, corporations backtrack on all this.
	The latest one is Bank of America.
	Bank of America is breaking its promise not to finance new coal projects.
	So if we go back in time, Back to 2021, the bank said it will not directly finance new thermal coal miners or the expansion of existing miners or petroleum exploration or production activities in the Arctic, and that it would not directly finance the construction or expansion of new coal-fired power plants, including refinancing recently constructed plants.
	Bank of America right now is doubling back on its statements it once made about no longer investing in new coal mines.
	And now the bank says, OK, yes, we will allow people to invest.
	We will invest in them.
	And we can see everything now is starting to backfire.
	And they have tried but what happens is the company financial institutions they start to lose profits and they start to realize that this is not a good direction that they're headed and you can see there's a lot of companies that were following the ESG
	investing guide and that did not work out too well for them just like the economy is completely and utterly crashing every single day gets worse and worse and worse and we're starting to see that layoffs they're starting to accelerate and we knew that this was coming we knew that Biden didn't create jobs we knew that Biden all he did was he rode the wave of Trump
	And when jobs were starting to open up, all those people that left those jobs, they came back to the same exact jobs.
	So Biden didn't create anything, actually.
	We lost millions and millions of jobs, and we're losing a lot more jobs right now.
	Actually, we're losing a lot of the full-time jobs, and that's why they want to bring in many, many illegals, because they fill the part-time area.
	And they're trying to keep the country running with part time work.
	But this is not going to work because what's going to happen is these major corporations, they're going to be laying off full time people.
	And this is going to be a complete and utter disaster.
	And this is going to pick up as we go throughout this year.
	And the deep state players, the central bank, they will not be able to bring in enough people because the amount of people that are being laid off.
	Well, they won't be able to cover any of this.
	And the people of this country are going to get pretty darn pissed off And they're going to get angry and they're going to want to know who's responsible for all of this.
	And I think the people are going to understand who's responsible for all this.
	But you can see layoffs, they're accelerating.
	Genevieve Rookdecker put this out on X and said, Good morning, everyone.
	More big layoffs announcements in the last 24 hours.
	DocuSign to cut 6% of the workforce.
	Snap to cut 10%.
	Estee Lauder to cut 3% to 5%.
	Layoffs announcements in the U.S.
	now total over $82,000 in January.
	This is the second highest layoff total, the lowest planned hiring level for the month of January in data going back to the pandemic.
	But who cares as long as the government employment data keeps looking rosy?
	Everything is fine.
	Don't worry about it.
	But I think the people, they're starting to realize that this is getting worse and worse, especially when you start to hear your family members, your neighbors say, listen, I hear layoffs are coming in the company.
	I'm very nervous right now.
	I don't know how we're going to make it.
	And you can see that this is going to lead to many other things.
	When people get laid off and they can't find jobs, what happens?
	They can't pay their bills.
	They can't pay their car payments.
	They can't pay their rent, their mortgages, you name it.
	And they can't pay their credit cards.
	And you're going to see that everything that's happening right now, it's going to actually translate into delinquencies.
	And we're already starting to see this.
	We're already starting to see the delinquency rates for credit cards and auto loans in the U.S., well, they are spiking to the highest level since the Great Recession.
	And as there are more layoffs, what do you think is going to happen?
	More and more people are going to be delinquent and this is going to be a complete and utter disaster.
	This is exactly what happened in 2008 and 2009.
	The entire economic system, the internals of the economy, started to break down.
	People started to get laid off in the beginning of 2008 and it accelerated as time went on.
	And people, they couldn't make their mortgage payments, they couldn't make their auto payments, they couldn't pay for the electricity that they were using, the gas that they were using, and people were struggling.
	And people started to realize there's major, major problems in the economy.
	But what did the Fed say?
	They're not projecting any type of recession that year.
	And we had a recession in that year!
	Let's talk about protecting our wealth.
	Hey, have you taken a good look at the banks lately?
	On the surface, everything looks fine.
	But there's a whole lot more going on underneath.
	It's like looking under the hood of a car, finding a mess of broken wires and parts.
	The parts are loans for homes, cars, and those credit cards we all use.
	They're hitting record highs.
	It's kind of scary when you think about it.
	Why risk your money for a tiny 5% return when things are so shake?
	This is where noble gold investments can help.
	They're like that old friend who knows all about keeping money safe.
	They suggest gold and silver.
	Oldies but goodies in the finance world.
	Plus, they got a sweet deal.
	A free quarter ounce gold, standard gold coin this month, if you qualify.
	Pretty cool, right?
	If you're curious, just give them a call at 877-646-5347.
	It's just a chat, no pressure.
	They'll help you figure out if gold and silver are right for you.
	Or visit x22gold.com and take the first steps towards a safer financial future.
	Or click the link in the description.
	Actually, if you look at what's happening right now, we see the same exact thing happening.
	We see the entire system starting to break down.
	We're starting to see layoffs happen, which is going to translate into credit card delinquencies, auto loan delinquencies, people are going to be late on their rent, people aren't going to be able to pay their mortgages, people aren't going to be able to pay their homeowners insurance and other insurances.
	And this is going to actually hurt the economy in the long run.
	And we're already starting to see this.
	And when you look at 2008, 2009, compared to what we're seeing today, it's very, very similar, which tells me that as we go throughout this year, everything's really going to break down.
	Remember, these are the numbers for January.
	We just started this year.
	And look how bad it already is.
	What do you think is going to happen as we move throughout this year?
	It's going to really break down and it's going to look absolutely terrible.
	I mean, Trump, he let us know going back in time that listen, we're expecting a recession or maybe even a depression.
	He said R is the nice word.
	And we're going to see something a lot worse.
	Now, once again, The central bank, what they're going to do is they're going to step in and they're going to work with the Biden administration to try to prop him up any way they possibly can.
	And yes, the only way to do this is they can't give people more jobs because they're not really creating jobs.
	They're not going to help people pay their bills.
	They're not going to help the actual people.
	What they're going to do is they're going to prop up the market as the best they can, and they're going to try to make everyone believe That everything is fine, that the economy is roaring now, and everything is great.
	And you could see that the Fed, they have to time this absolutely perfectly, because again, they're battling an economy that is completely ripping itself apart.
	Remember, when they raise rates, which they did, and they did it very, very quickly, that destroys the inner workings of the economy.
	And the people felt it, and they're still feeling it.
	Even though they're going to backtrack on the rates, they already created the problems.
	They already started the avalanche and it's going to come down and come down hard.
	So the only reason they're going to cut rates right now is to make Biden look good.
	And you can see that Powell says the time is coming to cut interest rates, but not right now because it's too early.
	March is not the right month.
	I do believe they're going to wait until probably the summer area, and then they're going to cut dramatically to try to prop up the market.
	Now, they're going to try to build all of this in because those people that are investing in the market, they already know that they're going to do this, and they're already going to build it into the system, and it will prop up the market right now.
	And as we approach the summer months, I do believe this is when they're going to start to cut.
	And yes, people are going to think that everything is fine when you're looking at the market.
	But when you look at reality, Which is the real economy, the people's economy.
	People are going to see something very, very different.
	And as people see something very different, they're not going to believe the Biden administration.
	No matter what the Biden administration says, and no matter whatever that person is that is running for the presidential election, because I don't believe it's going to be Biden.
	I do believe they're going to do the old switcheroo.
	Whatever that person says and whatever Biden says, they might not even agree.
	Whatever they say, we know it's going to be fake, phony and false because their entire mission is to convince the people that things are good.
	Now, I do believe Biden was probably going to take the fall for the economy, for the border and everything else.
	And the other person that's running, they're going to say, listen, that that was Biden's policies.
	This is not.
	My policies, and I do believe it's going to be Michelle Obama, and I do believe what she's going to do is she's going to go back in time to Barack Obama's time and say, listen, look at our policies back then.
	They're nothing like what you're seeing today.
	So we're going to make things a lot better.
	And I do believe Trump is going to continually come out and say, listen, I've been telling you this from the very, very beginning.
	And if you look at what Obama did back during his period of time, he had very high fuel prices and he didn't bring back industry.
	He didn't rework the trade deals to make it better for the United States.
	He didn't place tariffs on China and gave the money back to the farmers.
	He didn't revitalize the industry of steel and other Uh, industries like the fishing industry, and Trump is going to make this very, very clear of what he did.
	Actually, he made the country energy independent.
	During Obama, we were dependent on other countries.
	So I do believe people are going to see the difference now, and I do believe we're going to see things really start to change.
	But along the way, Biden is going to continually say that the economy is great, everything's fantastic, the Fed's going to go along with this, and the people they're not going to believe because Trump is going to show them that no, this is not what's really happening.
	The economy is a disaster, it's getting worse, people see it, people feel it, and this is not going to work out well for the Biden administration at all.
	And it's not going to work out well for whoever they put into place to run in the presidential election because, again, Trump can hammer them with no problem because all he has to do is show, look, look what they did when they were in office.
	Look what I did.
	I actually took the economy and made it 10 times better.
	Obama said, listen, you might as well get used to the new normal.
	And people, they saw the difference now.
	They saw Obama's economy, and they saw Trump's economy.
	Very, very different.
	And as we move forward, I do believe the people are going to be with Trump, and the people, they're going to demand something different.
	And I do believe as we see everything crashing around us, and we see other countries moving away from the Federal Reserve note, which is not the people's money, it's a central bank currency, And we see other countries like Russia, China and the rest move away from the Federal Reserve note and they go back to their local currencies.
	Well, this is going to put the United States in a very tricky spot because countries will no longer be using the Federal Reserve note, which means they're going to send those notes back probably here to the United States and the reserve currency status is going to decline, which means we're going to have to do something
	As we move forward, and I do believe Trump and the Patriots, they are now planning to move away from the Federal Reserve note, the central bank fiat currency, and they're going to bring us into a people's economy, a people's currency, and I do believe we're going to go back to the Constitution where it's the people's responsibility to coin money or create currency.
	And I can see us going back to gold, I can see us using Bitcoin, For international trade because I do believe there's going to be a lot of countries that are going to be using Bitcoin because right now what do they use?
	They use the funds from the IMF and we don't need to use this anymore.
	We can break away from this and these small countries don't have to borrow.
	They don't have to go into debt and they can use a different currency just like El Salvador today.
	What are they using?
	They're using Bitcoin.
	And they paid off the IMF.
	They're no longer in debt.
	And they're no longer beholden to the central bank system.
	And they're using Bitcoin today.
	And I do believe they're going to see a lot of countries today start to move away from the central bank system.
	And this is going to accelerate.
	We're already starting to see the BRIC countries, they're already doing it.
	And I do believe we're going to see a lot more countries start to do this.
	And it's going to be a very easy switch because all they got to do is go into Bitcoin.
	Yes, do they hold gold?
	Absolutely, because that is a store of wealth.
	But for electronic trade via currency, I do believe Bitcoin is going to work very, very well for them and I I do believe that El Salvador is probably a template of how other countries can do it and you could see that in El Salvador the people are pretty darn happy about what is happening there.
	So I do believe there's going to be a lot of countries that are going to be moving away and we're going to see the world completely change and the world is going to move away from the private Western Central Bank system and into their own system that is Separate and apart from the Private Western Central Bank.
	And once this happens, well, that destroys the entire system of the Central Bank.
	Listen everyone, thanks a lot for listening.
	Be well, be safe, and especially be prepared.

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