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Feb. 23, 2024 - X22 Report
21:59
Ep 3290a - Bezos, Zuckerberg, Dimon Sell Stocks,Do They Know Something, Trump Mentions Bitcoin
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Music. Music. Music. Music. Music. Music. Music. Music. Music. Music.
Music.
You're listening to The X-22 Report.
My name is Dave in this episode 3290 AM.
Today's date is February 23rd, 2024.
And the title of the episode is Bezos Zuckerberg Diamond Sell Stocks?
Do They Know Something?
Trump Mentions Bitcoin.
Let's talk about being prepared.
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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're trying to explain away inflation, trying to convince the people that inflation is really not that bad.
Basically what they're doing is they're trying to gaslight everyone.
And this is not going to work.
They tried from the very, very beginning when people started to recognize there was inflation and inflation was getting worse and worse.
And since that inflation hit, remember, it is cumulative.
So that means it just doesn't disappear.
What happens is that inflation stays and it just continually accumulates as time goes on.
So now they're getting panicked even though they slowed the amount of inflation.
It makes no difference because the people already hit with a huge amount of inflation and they're trying to explain why There isn't any inflation, which is not going to work.
Actually, what Paul Krugman says is, your regular reminder, if it weren't for owner's equivalent rent, a price nobody pays, nobody would be talking about inflation.
Well really, if you really think about it, What about food?
What about gas prices?
What about the products that you purchase?
What about your homeowners?
Your rent insurance?
What about your automobile insurance?
What about your health insurance?
What about everything else?
So again, they're trying to gaslight everyone and it's not going to work.
Richard Stern responded to this and said, I'm pretty sure inflation is why people are talking about inflation.
Food prices up 20% under Biden.
Gas prices up 36% under Biden.
Interest alone on a new mortgage consumes 40% of a median worker's pay.
But don't worry about that.
You just enjoy your, it's transitory.
Then we have the rabbit hole that responded to all of this and said the typical annual salary raises 3% which is definitely not keeping up with how much some prices have shot up and that's absolutely right.
And if you look at wages, wages have been declining and inflation has been increasing.
So this whole idea that there is no inflation is absolutely ridiculous.
But as inflation continually picks up, because it's not going to go away because it's cumulative, people are starting to realize there is major, major problems in the economy.
And if this continues, How are people going to survive?
Well, I think what's happening right now is everything's starting to break down.
The entire central bank system is starting to break down.
They never wanted it this way.
They wanted some event to cover all this up, but they're trapped in all this.
And what you're seeing right now is certain parts of the economy, they are rearing their ugly head and people are starting to take notice now.
Peter Sayong, PhD, put this out on X and said, bad loans exceed lost reserves at the top U.S.
banks as commercial real estate disaster spreads.
In the past year, reserves again, bad loans have gone from $1.60 on the dollar to just $0.90 at Bank of America.
The second biggest in the country, they're just 60 cents.
Wall Street Silver responded to this and said, Financial Times reports that top U.S.
banks have just 90 cents on the dollar in lost reserves for bad debt and commercial real estate.
That's down from a $1.60 just a year ago, so it dropped in half.
There are almost 600 billion of commercial real estate loans and they make up a third of a smaller regional bank assets in many cities.
They're collapsing because of work from home, the slowing economy and the urban doom loop as criminals take over American cities.
We already saw another bank crash a few weeks ago on commercial real estate loans.
Expect a lot more and expect the taxpayers, as always, will foot the bill when Wall Street screws up.
And yes, the people always foot the bill.
Why?
Because we're in a criminal system.
The central bank system is a criminal system.
It robs everyone of their wealth.
And when you look back at time, you can see it very, very clearly.
You could see all the taxes that they implemented.
You could see the regulations.
You could see the inflation.
And over time, the money that you're earning goes where?
It goes to the central bank system, and it goes to pay off this debt that can't be paid off.
And what happens is the people have less and less money as time goes on.
And before this is all over, you're going to see the central bank, the deep state players, the corrupt politicians, they're going to go after every single dime that you have.
Just go back in time to the kings and queens when they didn't have the money and they needed to actually bring more into their coffers.
What did they do?
They went to the people and said, you didn't give us enough.
What else do you have?
And the enforcers went to their place and they said, whatever you have, we're taking it.
The same thing is happening right now.
We'll be talking about that in just a sec.
But first, let's talk about what they're doing to Trump, because remember, they said that He committed a crime, fraud, and he dealt with banks and it was completely fraudulent, even though he paid back the banks and there was no fraud whatsoever.
I think defiantly free explains it perfectly.
So when Trump takes out a loan and pays it back with interest, it's a crime.
But when you take out a student loan and don't pay it back, then Biden forgives the loan, steals money from the taxpayers to pay it back.
It's not a crime.
And it is a crime, actually, if you really think about it, because who ends up paying for all of this?
It's we, the people.
And I do believe in the future, if Congress or anyone's going to do something, they must report to the people saying, this is your bill for what we're going to do.
And the people then are going to say, absolutely not.
I mean, that's going to cost us a thousand a month.
Well, I don't want that.
I don't want you to study bees on the highway.
And this would shut down a lot of what they're doing.
But like we said before, In the end, the government is going to come after everything that you have, not directly where they're going to say, give me everything that you have.
They will do it in ways that makes it seem okay.
Okay.
This is fine.
You can do this, but a lot of people, they're going to see this as wow.
They are now coming after us, and I do believe with this latest thing that they're doing with 401ks, I think a lot of people are going to really wake up.
Think about it.
A majority of Americans are living paycheck to paycheck.
A majority don't have enough money to pay for a thousand dollar emergency.
Home ownership is rapidly declining.
And so is the American dream.
Americans credit card debt is at record high because of high inflation and the cost of living and they're falling behind on debt payments.
People don't have enough money for retirement.
So what's the solution?
Well the deep state, the central bank, they've come up with one and it looks like they're going after your 401ks.
This is coming out of USA Today and they're looking to get rid of the tax benefit When you put money into your 401k.
And it says what if the government abolished your 401k?
Economists say accounts aren't worth it.
The federal government should stop allowing pre-tax contributions to retirement savings, abolish the 401ks and individual retirement account.
Two economists from opposing ideological camps argued in a research brief and they're trying to make the case.
of why they need to get rid of the tax benefits for your 401k and your IRAs.
This is how they come after you.
This is what happens when they're desperate and they don't have enough funds to fund the government.
So what do they got to do?
They got to make it look like they're really not coming after you while they're coming after you and trying to take as much as you possibly can.
Because again, if you're not going to get the tax benefit of 401ks or the IRAs, what do you think people are going to do?
Most likely they won't put their money into these different types of investments.
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So, that means the people are gonna keep their money, they'll be taxed on this, And they will reap the reward of all the taxes where people are still putting their money into the 401k.
And actually, it's about $200 billion a year that they will gain.
So yes, they're coming after everything that you have.
And they will not stop.
Because why?
The system is breaking down.
It's getting worse and worse as time goes on.
But what's very interesting, Trump has told us from the very beginning, it doesn't have to be this way.
He can reverse all this very, very easily.
It won't even take that much time.
I do believe if we break away from the private West Central Bank, we will see an economy like we've never seen before.
And if you look at the president of Argentina, I mean, he's just been in there for like nine weeks or so, and he is now balancing the massive 12 year budget.
I mean, really think about this for a second.
And he's clearing the way to ending Argentina's hyperinflation nightmare and decade-long stagnation.
Now, they went through 12 years of this where nothing can be done.
It has to be this way.
This guy comes in and nine weeks later, everything starts to look incredible.
Now, does that mean everything's perfect?
No.
Think about the mess that they created.
He has to turn it all around.
I do believe in like three to nine months, you're going to see an economy in Argentina that you haven't seen in a very, very long time.
The same thing is going to happen here in the United States.
Everything that Biden is doing, everything the central bank has done, everything that every other president has done, it will be reversed, especially when we get rid of the private versus central bank system.
But before we get there, what do we got to do?
We got to expose what they're doing.
We got to destroy their old system so we, the people, can bring in a new system.
And it looks like there are certain individuals that own certain corporations, very rich individuals.
They must have got the memo that something is going to happen later on this year.
And we talked about Bezos, how he was selling his stocks, and he's not the only one.
Genevieve Rokdechter on X put this out and said, Recent insider selling.
Jeff Bezos, $8.5 billion of Amazon.
Mark Zuckerberg, $428 million of Meta.
Jamie Dimon, $150 million of JP Morgan.
The Bill and Melinda Gates Foundation have also been selling a lot of their stocks.
Do they know something?
We don't.
It's starting to seem that way.
And this is what we need to watch because when you see all these individuals selling their stock, they know something is coming.
They don't want to do it all at once.
They're not going to wait until October and then just dump everything that will crash the market.
And everyone will look at them and say, why did you do that?
So what they do from the very, very beginning is they do it very, very slowly and they pretend nothing's going on right now.
I'm just selling off a little bit.
I'm, I'm moving to Miami.
I'm, I'm investing in this.
I, I just don't want to be in the market right now.
And they do it very, very slowly over the entire year.
So people don't notice.
And they don't want people to notice because they don't want people pulling their money out of the market.
They want people to stay in the market to keep it up and they will crash the market.
I'm not talking about Jamie Dimon and Zuckerberg.
I'm talking about those that are in control.
And they will bring down the market most likely in October.
And you can see they're already starting.
And this is something that we need to watch as we move forward.
Now, the other thing that's very interesting is that Trump, when he was doing an interview with Laura Ingraham, he mentioned something about Bitcoin.
But before we get to that, I just want to go back in time to 2019 because Trump, he did mention something about Bitcoin back then.
And he said the following, I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air.
Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity.
Similarly, Facebook, Libra's virtual currency, will have little standing or dependability.
If Facebook and other companies want to become a bank, they must seek a new banking charter and become subject to all banking regulations, just like other banks, both national and international.
We have only one real currency in the U.S.
and it is stronger than ever, both dependable and reliable.
It is by far the most dominant currency anywhere in the world and it will always stay that way.
It's called the United States dollar.
Now think about why he talked about Bitcoin and said it's volatile, because if he came out and said, listen, I believe cryptocurrency, gold, that is the way to go.
That's what everyone should be doing.
What do you think the central bankers would do?
You think they would say, hey, okay, that's a great idea.
Hey, everyone go into Bitcoin, everyone go get gold, because that's incredible.
No, they would actually push back on this.
They would destroy The entire economic system.
Because they don't want you leaving their currency.
And remember, the currency that we're using is not the U.S.
dollar.
It's really the Federal Reserve note.
So what's very interesting, where back then he said that he's not a fan, now he says, you know, Bitcoin's not that bad.
Might need a little bit of regulation, but it's not that bad.
Take a listen to what he said.
...has its own push into the Chinese digital currency.
But isn't the next logical step for you to embrace Bitcoin, because Bitcoin obviously is decentralized, the government can't get its hands on it.
What about Bitcoin and all the young people, including African Americans, who are very interested in it?
Well, a lot of people are doing it.
I always liked one currency.
I call it a currency.
I like the dollar.
But a lot of people are doing it.
And frankly, it's taken a life of its own.
You probably have to do some regulation, as you know.
But many people are embracing it.
And more and more, I'm seeing people wanting to pay Bitcoin.
And you're seeing something that's interesting.
So I can live with it one way or the other.
I've always liked one really powerful thing, and that's called the dollar.
So yes, he still said the dollar is his favorite.
Now, of course, for optic reasons, you need to keep pointing to this.
And remember, what he's pointing to is the Federal Reserve note.
What he's really saying is that we, the people, need a currency.
And the currency has to be run by we, the people.
And he's talking about a U.S.
dollar, not a Federal Reserve note.
These are two different currencies.
One is created by the Private Watch Central Bank.
The other one is created by We The People.
And it's controlled by We The People.
We don't borrow it.
We don't have to pay it back.
It is our currency.
And I do believe that's what he's saying right now.
And now he is looking at Bitcoin, and I do believe what he's doing right now.
He's slowly dropping out, dropping the information, saying, you know something, it's not that bad.
Why?
Because I think eventually what's going to happen is we're going to be moving away from the Federal Reserve note.
We're going to be moving away from the private West Central Bank.
And how do you get people used to other currencies?
You got to introduce it somehow, some way.
And it looks like he's already starting to do this.
And actually, if you look at a lot of the financial institutions, they are now taking on Bitcoin.
A lot of states are saying, yes, we're going to protect your right to have Bitcoin.
And it's completely decentralized.
It's not part of the private West Central Bank system.
And now he's dripping the information out very, very slowly to wake people up a little bit about it.
He mentioned it, and a lot of people are going to hear about it.
And a lot of people are going to ask a lot of questions about it.
Why did he mention this?
And I do believe over time, we're going to see him come out, talk about a little bit more about alternative currencies.
Because again, in the end, what this is all about, it's about moving away from the private what's the central bank moving away from the Federal Reserve note.
And in the end, I do believe this is the direction we're going to be heading in.
And to head in that direction, you have to have the people with you.
You have to have the people educated.
You have to have the people understand what currency we need to go into.
This way, the people...
Go along with it.
And I do believe in the end, the people are going to go along with it because they're going to see everything play out.
They're going to see the entire economic system being destroyed.
They're going to see how inflation really hurts you.
They're already seeing this.
So I do believe this is the right time, the right moment to start mentioning other currencies to get people thinking about other currencies.
That doesn't mean we're going to switch tomorrow, but I do believe the ultimate plan here is to destroy the Private West Central Bank, probably by restructuring it and creating the currency on our own without a Private West Central Bank, going back to the Constitution.
And I do believe we're on our way towards that moment, and that moment It's going to come very, very quickly.
Will it be in three months?
Five?
I don't think so, but I do believe.
We are going to head in that direction and when Trump improves the economy when he once he's elected and he turns everything around because I do believe as we approach the presidential election the economic system is going to be a complete and utter disaster and it looks like you know they're planning on having something happen during this time period and this might correlate to a cyber attack which would hit the financial institutions would actually freeze up the entire market maybe bring it down and
The deep state players, the central banks could tell us, listen, we need to go into a different economy.
We need to go into the central bank digital currency.
I do believe at this point Trump, he's going to make the argument that we don't have to do this.
And by telling the people this entire time that the economy is failing, the economy is having a rough time, that the market might come down.
I do believe in the end, Trump, he's going to have the people on his side and it's going to make it a lot easier for us to move in a completely different direction.
And you can see that everything is now starting to build up.
And I do believe we're going to be heading down that path because I do believe Trump and the Patriots are forcing the central bank, the deep state players, down this path so we can make that move.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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