All Episodes
Previous Next
April 10, 2024 - X22 Report
20:49
Ep 3326a - Inflation Raging, People Are Getting It, They Are Buying Gold And It’s Accelerating
| Copy link to current segment

Time Text
*Dramatic Music*
*Dramatic Music* Hi and welcome, you guys!
You're listening to The X-22 Report.
My name is Dave and this is episode 3,326 a.m.
Today's date is April 10th, 2024 and the title of the episode is Inflation Raging.
People are getting it.
They are buying gold and it's accelerating.
Let's talk about protecting your wealth.
Investing feels overwhelming right now, doesn't it?
So complicated, so many decisions.
But leaving your money in the bank?
Not great.
It's losing value every single day.
So if it's stressing you out and driving you nuts, why not invest smarter with Noble Gold Investments?
Precious metals are simple and real.
There isn't a company on the stock market that it was around 2,000 years ago, but gold was.
It's always been there.
through wars, disasters, and turmoil.
Reliable, dependable, and authentic.
That's why you can't go wrong with precious metals.
They've always had your back.
Noble Gold Investments, American-based experts will show you how to set and forget your IRA or 401k.
You'll get a dedicated professional assigned to you.
No hassle, no call centers.
This month, Noble Gold Investments is giving a free quarter ounce gold standard coin with every qualifying IRA investment.
Go to noblegoldinvestments, that is x22gold.com to claim your gold coin.
That is x22gold.com or click the link in the description.
And remember, there's always a risk of investment and there's no guarantee of any kind.
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 they destroy their old system, the people are waking up and the people are seeing the inflation, they're seeing the policies that don't work, and the people, they're deciding, you know something, we're going to protect our wealth.
And we can see there's a lot of people on the retail level purchasing gold today.
And the people, they understand that they need to protect themselves.
And I do believe this is going to accelerate because since Costco has been selling gold, more and more people have been purchasing it, which I find very, very interesting.
I do believe what's going to happen is as they lose control of the system and gold starts to move up very, very quickly, I do believe there's going to be a lot of people moving into gold and moving into Bitcoin because they're going to see the entire situation.
They're going to say, you know something, I need something that's going to hedge against this.
And I do believe that day is approaching very, very quickly.
And I do believe as we approach that day, more and more people are going to wake up Which is a good thing because in the end what we want is we want to remove the private was a central bank system we want to go into a people system and without the people seeing the central bank system how would they make the decision to go into a people system they won't be able to do it and this is why we're being brought down this path plus You can see all these individuals that have been lying to you for a very long time.
You can see that their policies aren't working whatsoever.
And now people are starting to understand that all this money that they need doesn't go to the systems that they've been discussing, like helping the homeless, like rebuilding America, helping the educational system.
Actually, when you start to look at it, it looks like they are diverting all of this money, laundering it out of this country, and the country is not getting a piece of the action.
I mean, all you got to do is look at California, and that explains everything.
Right now, an audit reveals that California doesn't have any idea what its homeless programs cost or even if they work.
So the California Interagency Council on Homelessness is responsible for coordinating and evaluating the efforts of California State Agency on Reducing Homelessness.
The ICH, however, has not consistently tracked and evaluated the state's efforts to prevent and end homelessness.
And as a result, California lacks current information on the ongoing costs and outcomes of its homelessness program.
And this is according to the California State Auditor.
So they don't know where all this money is going.
And homelessness is increasing in California.
Right now California, the homelessness population, has grown from 118,552 in 2013 to 181,399 in 2023.
And California has allocated almost 24 billion to homelessness and housing services over the past five fiscal years.
to 181,399 in 2023.
And California has allocated almost 24 billion to homelessness and housing services over the past five fiscal years.
But they haven't been tracking it.
They don't know where this money's going.
Is it helping the homelessness?
Isn't it helping the homelessness?
And nobody knows.
But what they do know is, hey, we could also give money to all the illegals coming in.
Do you really think this money has been going to help the people that are homeless right now?
Because why is homelessness increasing?
Because their policies don't work and the money is not going to help them whatsoever.
Actually, I wouldn't be surprised if they're diverting all this money to the illegals.
That makes a little bit more sense.
Just like, you know what makes sense?
That inflation never went away.
Of course it never went away.
It can't go away.
Because it's cumulative.
Inflation's going to stay and it's going to get worse and worse as time goes on.
Especially when you run out of all the tactics to try to stop it.
You see, they tried to stop it by using the strategic petroleum reserves to keep the fuel prices down, so this way inflation doesn't move up that quickly.
They tried to stop it with the Fed, but again, the entire central bank system, inflation is built into the system.
Once you come off the gold standard, inflation is built in, and as you keep printing and printing and borrowing and borrowing, It doesn't stop now that we have, you know, $34, $35 trillion worth of debt and there's currency all over the place.
Yeah, inflation is here to stay.
The Kobese Letter on X put this out and said, while CPI inflation is 3.5%, inflation is much higher in many basic necessities.
Car insurance inflation is up 22%.
Transportation inflation, 10%.
Car repair, 8%.
Hospital services inflation, 7.
Homeowner inflation, 5.9.
Rent inflation, 5.7.
Electricity, 5%.
Food away from home inflation, 4.2%.
With inflation on the rise, rate cuts are becoming even less likely.
It's incredible to think that just four months ago, markets priced in a chance of 8 rate cuts.
Today, they're looking at maybe 2.
Or maybe just 1.
That sounds a little bit more reasonable to help Biden at the last minute.
Is it going to help him?
Absolutely not.
But what's very interesting, since Biden took office, and Jackie put this out, gasoline is up 47.8%.
So did Biden bring anything down?
Absolutely not.
Groceries is up 21%.
eating out 21%, baby food, 30%, pet food, 23%, rent, 20%, electricity, 28%, natural gas, 26%, used cars, 20%, airfare, 32%, public transportation, 22%.
So when he took office, it was inflation was a lot lower.
And now people can see the difference.
So all his talk about how he's bringing it down, controlling it, making the economy better.
It's one gigantic illusion, just like everything else they have done.
And Trump, he's...
He's letting everyone know, yes, inflation, it is back.
He put this out on truth and says inflation is back and raging.
The Fed will never be able to credibly lower interest rates because they want to protect the worst president in the history of the United States.
And there we have it.
Inflation is here.
And I do believe they're going to try.
But I do believe that this is going to fail in the end.
But the people of this country, they understand and they realize that inflation is one of the most important issues because it affects them every single day.
Let's talk about our health.
We live in the most advanced era in human history.
There have never been more medical breakthroughs than there are right now.
So why are millions of Americans unhealthy and overweight than ever before?
According to the U.S.
Board Certified Physicians and Expert Nutritious Dr. Amy Lee, one of the main reasons is three harmful foods that are being passed off as health foods all over the country.
Wait till you hear this because these foods can cause weight gain, clog your digestive tract, deplete your energy, and wreck your skin.
They are banned in other countries.
Yet, shockingly, they're still legal in the US, and it's time someone shined a light on what they are.
Dr. Amy Lee does just that, while explaining how the side effects from those foods are wreaking havoc on the health of millions of Americans.
The great news is, it's easy to stop and reverse this damage by simply learning which foods to avoid and how to spot them.
And by doing so, you can experience easier weight loss, smooth digestion, and vibrant energy.
To find out these 3 fake health foods, go to 3harmfulfoods.com forward slash x22.
3harmfulfoods.com forward slash x22 or click on the link in the description.
After years of extensive study, Dr. Amy Lee put together a revealing video totally free to the public so you never get duped by these foods again.
Find out all you need to know to regain control over your body at 3harmfulfoods.com forward slash x22 or click the link in the description box below.
Every time they go food shopping, fill up their car, pay their electric bill, gas bill, insurance bill, you name it, they see it.
And Rasmussen Reports actually backs all this up and says, 84% of likely U.S.
voters believe inflation is a serious problem, including 57% who think the problem is very serious.
Only 14% don't consider inflation to be a serious problem.
These findings are nearly identical to our August 2023 survey.
So the people, they get it.
They understand that it's getting worse and worse as time goes on.
And this is probably why Biden isn't mentioning Bidenomics.
He's not really using that word anymore.
And if you go back in time, it's very interesting that Axios put this out.
Back in July, June 2023, in July 2023 moving forward, he mentioned Bidenomics 29 times, 21 in July, October of 2023 14 times, and then when we entered this year in January, he mentioned it two times, February zero, and March one time.
You think he's being told, hey, listen, lay off the Bidenomics.
People are noticing that it's really not working.
Actually, you hurt the economy.
You really didn't help it.
So I think we need to stay away from that word.
You think Trump is going to use it against them?
Absolutely.
But with everything that's going on right now and people realizing that, hey, just because you go to college doesn't mean you're going to get a great job, especially if you're going to college for gender studies or Really not a real major or where you don't have any skills.
People are starting to understand and realize that you know something I better go back to trades because actually those people make quite a bit of money and you have a skill that is marketable.
And we could see that Gen Z now is shunning college to take up traditional trades like welding and plumbing they say is far more satisfying and which doesn't incur huge student debt.
So a lot of people they're starting to understand and realize that you know something the trades are much much better.
So increasing number of Generation Z are opting out of college and turning to vocational schools with hopes of higher wages and avoiding student debt.
Young people who came of age during the pandemic said they have been deterred from four-year universities by high tuition and the prospect of student debt.
Instead, they're attending trade schools and are being enticed by well-paying job opportunities and satisfying work.
The National Student Clearinghouse recorded a 16% increase in enrollment at two-year schools with high vocational program focus and a 2.6% rise in community college enrollment in 2023.
So they're starting to get it.
They're starting to understand and people now are now going back to the trades and actually this is going to build the economy up because we need people with skills.
We don't need people going to college where they're taking a major where there's no jobs where there's no skills where there's nothing.
Because you can't contribute to society if you're studying gender studies.
What are you contributing actually?
Pretty much nothing.
And I do believe this shift is going to continue on as we move forward, especially when the entire system completely and utterly crashes.
I do believe at that point People are going to say, OK, we need to rebuild America.
We need to go back to the basics.
And I do believe this is going to happen.
But what's very interesting, like we said before, since inflation is moving back up, it looks like interest rate futures are now pricing in just two interest rate cuts for the entire 2024.
This is the first time that markets are pricing in less rate cuts than Fed guidance.
Just four months ago, markets saw six to eight rate cuts in 2024, with cuts beginning in March.
Odds of a rate cut in June are now down approximately 60% before the CPI report to 22% now so it looks like people now are looking at the situation and saying you know something yeah we're going to lower our forecast and I do believe they're going to try to fit in one to make it look like the economy is working we got one rate cut they lowered the interest rate a little bit and I think Biden is going to try to use this
Or whoever is running is going to try to use this to say, see, everything is great.
I believe this is when everything really starts to fall apart and they won't be able to stop the crash.
Now, again, they know a crash is coming because they're going to cause it.
They know they want to bring us into the Great Reset, the Green New Scam, because this is this is their entire agenda.
And they're going to need some type of an event to cover up what is coming.
And what's very interesting coming out of the IMF, They have now been talking about cyber attacks on the financial institutions and there are serious concerns about this.
Isn't that interesting?
The timing seems very interesting and is it a coincidence?
I don't think so.
I think they're going to be building the narrative up as we get closer and closer to the presidential election.
So this is what it says on their site.
The financial sector is uniquely exposed to cyber risk.
Financial firms, given the large amounts of sensitive data and transactions they handle, are often targeted by criminals seeking to steal money or disrupt economic activity.
Attacks on financial firms account for nearly one-fifth of total of which banks are the most exposed.
Incidents in the financial sector could threaten financial and economic stability if they erode confidence in the financial system, disrupt critical services, or cause spillovers to other institutions.
For example, a severe incident at a financial institution could undermine trust and in extreme cases lead to market sell-offs or runs on banks.
Although no significant cyber runs have occurred thus far, our analysis suggests modest and somewhat persistent deposit outflows have occurred at smaller U.S.
banks after a cyber attack.
So are they now paving the way and creating the narrative that, hey, the reason why you're going to see the market come down is because of a cyber attack?
The reason why you're going to see the financial system completely implode on itself?
Well, that's going to be because of a cyber attack.
It looks like they are now paving the way And they're setting everything up and letting everyone know that this is about to happen.
I do believe it's going to be very, very close to the presidential election.
Now, hopefully there is nothing.
We don't have this, but it seems like all indicators are starting to point to this unless something else happens, you know, in the world.
But I do believe Trump or the Patriots, I think they know that this is where all this is headed.
Because once again, if Trump was in office right now, they'd be bringing down the system just like he was in office before.
And the optics are actually on his side, because when everything comes down around Biden, his administration, Well, the people are going to say, well, it wasn't really the cyber attack.
We were feeling this all along.
We've been feeling the entire system completely and utterly falling apart.
We feel the inflation.
And yes, at the last moment, they'll try to blame it on the cyber attack, where then they'll probably push War and they'll probably say, well, the cyber taking from Russia came from China, whatever they're going to say, they're going to try to push war because the United States was just attacked.
But again, Trump can counter all of this with absolutely no problem.
All he has to do is usher in peace.
And I do believe all he has to do is say, listen, if you want to go to war, vote for them.
If you want peace vote for me, I can have it done in about 24 hours.
Well, what are people going to do?
The people are probably going to go with Trump, even if they don't believe him.
It's hope that he can do it because they know the other way.
It's war no matter what.
So why not take the chance?
And I do believe there's going to be a lot of people that will take this chance, but you could see the people right now.
They are ramping up their gold purchases right now.
Costco, they started to sell gold last December and they announced they sold over 100 million worth of gold in the third quarter of 2023.
Now we have Wells Fargo and they estimate that Costco may now be running at 100 million to 200 million per month in gold sales.
I think that tells you everything you need to know.
And you could see the people, all of a sudden, they're waking up.
They're starting to realize something's going on.
Remember, this is not on an institutional level.
This is people just going into Costco saying, you know what?
I'm going to pick up a bar of gold.
You know what?
I'm going to pick up some more gold the next time I'm in there.
And if you notice, more and more people are starting to do this because if Costco is doing 100 to 200 million a month, There are a lot of people purchasing gold.
I do believe this number will probably increase when gold starts to shoot up.
Will Costco and many others be able to keep gold in stock?
Probably not.
Because that means there will be a run on gold.
If gold goes to $4,000 or to $5,000, do you think people are going to go, you know something, I need to start getting into this?
I do believe so.
So it looks like it has already started.
It's going to accelerate and we're going to see more and more people move some of their currency out of the central bank currency.
Because remember, when we talk about the U.S.
dollar, it's really not the U.S.
dollar, it's the Federal Reserve note.
The United States doesn't create it, it's the central bank, it's the private central bank called the Fed.
They create it, they loan it to we the people in this country.
And yes, they charge interest.
And they own that piece of paper.
The people do not.
We owe it all back to them.
So people now are moving away from the Private Western Central Bank.
They're taking their little Federal Reserve pieces of paper and they're saying, you know something, I rather have gold for that.
And I do believe this is going to increase as time goes on.
And there's a lot of people doing this with Bitcoin.
Actually, both of these are outside of the Private Western Central Bank system.
And I do believe people should be Outside of the system, I don't mean take everything that you have and dump it into one of these currencies.
I think my opinion would be, you know, protect yourself just in case.
I mean, it doesn't go anywhere, it stays where it is.
And you can see that as time goes on, do you think inflation is going to just disappear?
Do you think we're going to go back to 1970 or 1980 or 1990 levels?
No!
It's cumulative.
They won't be able to stop it until the system resets itself and we move away from the private Western central bank.
So I do believe that people are going to continue to do this and we're going to see more and more of this as time goes on because people are waking up.
The people are seeing it.
The people are learning the truth and the more people that understand that the central bank system doesn't work for them.
The more chance Trump has of showing the people that this is the direction we have to move in.
And I do believe in the end, I don't think he's going to have a problem telling the people we need to move away from the private what's the central bank system.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
▲
Export Selection