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May 6, 2024 - X22 Report
22:31
Ep 3347a - Biden Admin Can’t Explain Why The US Gov Borrows Money, Or Are The Hiding The Truth
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I'm going to go to the next episode.
Hi and welcome to the next episode.
You're listening to the X-22 Report.
My name is Dave.
This episode, 3,347 AM.
Today's date is May 6th, 2024.
The title of the episode is Biden admin can't explain why the U.S.
government borrows money or are they hiding the truth?
Let's talk about protecting our wealth.
The dollar has lost 20% of global foreign exchange reserves and our total national debt is fast approaching $35 trillion.
No, our economy is not in great shape.
Those stunning job reports the government releases are part-time jobs.
Our increasing GDP is driven by spending using money we printed.
Our economy is failing and no one is listening.
Save yourself, save your family, save your future with gold.
From central banks to millionaires, gold is the hedge everyone runs to.
Noble Gold Investments can help you.
From day one, you work with the same dedicated All-American expert.
Whether you're a beginner or an experienced investor, Noble Gold Investments will make sure you get all the help you need.
And this month, Noble Gold Investments is giving away a free gold coin to those who will open a qualified account.
Just use promo code GOLD.
Go to x22gold.com, that is x22gold.com, 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 West Central Bank, the World Economic Forum, as they continually push their agenda, you know what the people are starting to realize?
The people are starting to realize all of this doesn't make sense!
They're asking questions.
Why do we see this type of inflation?
Why are the fuel prices going up?
Where's all this money coming from?
Why are we borrowing it?
Because they are out there continually telling everyone that we print the money.
Jared Bernstein, Chairman of the White House Council of Economic Advisers, He was asked a question.
Let me ask you a simple question.
If we print money here in the United States, as you're saying, the government prints the money, why do we borrow it?
He couldn't even explain it or he doesn't want to explain it because he doesn't want the people to know the truth.
And second of all, the government doesn't print the money.
So if you really think about what's happening right now, people are becoming wiser, people are starting to ask questions, just like they're asking questions about this Green New Scam.
Because remember, all these people that are pushing the Green New Scam, they're saying that you must sacrifice, you must go all electric, you can't have that.
But when you look at Zuckerberg and you look at all the people in the World Economic Forum and everyone else, if you notice, They have two or three planes.
They have yachts.
They have all these things.
Are they all electric?
No.
So why didn't they get rid of them?
Why didn't they say, you know something?
Wow, I can't believe how much carbon I'm putting out.
I gotta get rid of this.
I can't have this yacht.
I gotta make the earth green.
Wait a minute, this plane is putting out a lot of carbon?
More than anyone else in this country?
Well, I gotta get rid of it.
Or is there an electric plane anywhere?
Oh wait, the electric plane, how long is it gonna take me to get where I need to go?
Oh, 12, 14, 17, 18 hours?
I have to make how many stops?
Okay, that's not a big deal, I'll take that.
If you notice, they're not giving up anything that they have.
But they want everyone else to!
That's how you know it's a scam.
When someone sacrifices, and these people who have been touting, oh, we got to make the climate good, we need this, we need all that, let them go first.
Just like when they say, let's go to war.
It's the same exact thing.
They go first.
If that's what they want.
Show us.
Show us that you're the leader.
Show us that this is what needs to be done.
So you go ahead and you be the first one.
And once you put that on them, they're never, ever, ever going to do it.
And when you look at Zuckerberg, you know, the climate activist, he has a 300 million dollar super yacht.
And how much CO2 is this putting out?
Think about his private jets.
Think about all the things that he has.
All the automobiles.
I mean, when they show you, oh, look, I'm driving an EV.
Yeah, what about everything else you have?
It's absolutely ridiculous.
And that tells you everything you need to know.
Just like when you look in this country, you could see exactly what the deep state central bankers, the world economic forum, you could see exactly what they're trying to do to this country.
They're trying to destroy it.
And they've been doing this for a very long time.
And if you look at the blue cities, you can see that their policies, that's exactly what's happening.
They're destroying This country, this is the template, this is what they want the rest of the country to look like.
They want it to look like a third world nation.
And when you look at Los Angeles, it is a complete and utter disaster.
You look at San Francisco, you look at Chicago, you look at New York, they're all starting to look the same.
What do they have in common?
This is what they're trying to do here in this country.
And the people, they're starting to see the differences now.
They look out and they say, let me look at the blue cities, let me look at the blue state, let me look at the red cities, let me look at the red states.
Why do I see such a big difference?
Why are a lot of people moving out of the blue cities, the blue states?
Why are a lot of people moving into the red cities, the red states?
Why are corporations also moving out of the blue cities, the blue states and into the red cities and the red states?
People aren't stupid.
They're starting to figure this out.
And they understand, wow, look what they're doing.
They're going full climate.
They're continually pushing these ridiculous policies.
It's destroying their economy.
Companies don't even want to stay in there.
And it's becoming a complete and utter disaster.
And it's going to get worse and worse.
Because why?
We have criminals running this country.
Remember, all these people that you see in Congress and all these swamp creatures, they were installed one way or another.
And they only take the stupid criminal types to put in these positions.
Why?
Because number one, they know they can control them.
They can blackmail them.
They can control what they have to do.
And if they get out of line, what happens?
Well, you're done for.
We're going to expose your crimes because The criminals, what do they do?
They continually commit crimes in their position.
All you gotta do is look at Representative Earl Blumenauer.
He just disclosed a purchase of Raytheon stock by his wife.
It was made before the $95 billion foreign aid bill was passed.
This is the first Raytheon buy that we have seen from his wife.
Several politicians have bought defense stocks recently.
And this is exactly what criminals do.
And they continue to do this, but when people fall out of line, what happens?
The deep state says, no, no, no, you better not fall out of line or else we'll expose everything that you're doing.
It's very, very easy to control these people.
And when you look around, you can see this is why they pass laws to benefit themselves.
This is why they like insider trading.
This is why they become very, very wealthy in government.
Remember our founding fathers from the very beginning, they said, you know something?
Let's have the people who are hardworking, have businesses, serve for a very short period of time and then go back to the business.
This way they stay in touch with the economy in their area.
They stay in touch with businesses in their area.
They stay in touch with the people in their area.
So this way they can make incredible decisions to help this country.
But when you have people installed, that doesn't happen.
You know what we see?
We see what's happening out in LA.
We see what's happening out in Chicago.
We see what's happening out in New York.
We see an economy that continually breaks down over time and it doesn't benefit the people.
We see an economy that actually destroys the wealth of the people.
And this is what you get when you have a criminal organization running the entire system.
And this is what happens when you have a central bank That has been put into place to print money so we the people can borrow it with interest attached.
And this is the problem that we have.
This is what we need to focus on.
This is what we need to get rid of in the end.
And I do believe in the end it will be removed.
Now the other thing that's very interesting is as we move closer and closer to the presidential election, we are starting to see the economic system completely and utterly fall apart.
And remember, The manipulated GDP numbers, the manipulated unemployment numbers, the manipulated inflation numbers, all these things that they're putting out there, they manipulate them to keep the illusion alive, to make you think something's happening when it really isn't.
And the only way you can see the difference is actually experience what's going on.
So when the government Or the fake news tells you, hey, there is no inflation.
You say, then why did food go up another, you know, X amount of dollars?
Why'd my auto insurance go up?
Oh, everyone's employed.
Then why am I laid off?
And I know a couple, a couple hundred people that got laid off.
Something doesn't make sense.
Let's talk about protecting our wealth.
The dollar has lost 20% of global foreign exchange reserves and our total national debt is fast approaching $35 trillion.
No, our economy is not in great shape.
Those stunning job reports the government releases are part-time jobs.
Our increasing GDP is driven by spending using money we printed.
Our economy is failing and no one is listening.
Save yourself, save your family, save your future with gold.
From central banks to millionaires, gold is the hedge everyone runs to.
Noble Gold Investments can help you.
From day one, you work with the same dedicated All-American expert.
Whether you're a beginner or an experienced investor, Noble Gold Investments will make sure you get all the help you need.
And this month, Noble Gold Investments is giving away a free gold coin to those who will open a qualified account.
Just use promo code GOLD.
Go to x22gold.com, that is x22gold.com, or click the link in the description.
And this is when people start to realize that there's a major, major problem.
Because people can see problems all over the place.
If you just look at the housing market, it's a complete and utter disaster.
As they started to raise rates, what happened?
Well, it pushed people out of the market.
And now you can see that median home prices, they're now contracting at levels unseen since 1964.
Well, people can't afford them.
People can't sell them.
What normally happens?
You start to lower the price.
And all of a sudden, people are saying, well, that's still too expensive.
Rates are going up again.
That's still too expensive.
And this is what we saw back in 2008, 2009.
We're starting to see the same exact thing again.
But the Copece letter pretty much explains everything that we're witnessing today.
It says, if you look at the economic data alone, the economy seems strong right now.
If you conduct a poll, most Americans would say the exact opposite.
The reality is affordability is horrible and still getting worse.
And that is the truth of the matter.
If you look at what the criminal syndicate is putting out there, and that's the U.S.
government, that is the central bank, they're making it look like everything is absolutely fantastic.
Everything is incredible.
This economy is the best we've ever seen.
And if you ask people, well, they tell you a different story.
If you take a poll, they tell you a different story.
And this is why as we get closer and closer to the presidential election, this is what's going to trap the Biden administration, is going to trap the central bank and the treasury.
It's going to trap them in their lie.
And they will not be able to escape from this because remember, they're continually trying to convince the people.
How do they convince the people?
With their data.
So they have to lie about their data every time they manipulate it that is a lie So they have to lie about their data to make you think that everything is fine.
So all the way up to the presidential election, they're going to continually lie and they will actually take the calculations and they will manipulate like you've never seen before, just to make you think that everything's fine.
When you see a company shut down, they're going to have data that says, no, that company's fine.
They're doing really, really well.
And you're going to be sitting there going, well, I know all the people that got laid off.
That makes no sense whatsoever.
How could you say this?
And I think the people are going to realize this.
Remember, the criminal syndicate has been lying to us from the very, very beginning.
The central bank has been lying to us from the very, very beginning.
It's hard for people to wrap their heads around this.
But yes, they have to lie because if they told you the truth, you would say, we don't want this anymore.
So they have to keep you in the illusion.
They have to keep lying to you, just like they lied about Bitcoin from the very, very beginning.
Actually, they lied about gold from the very, very beginning.
Remember, if you go back, To Bernanke, when you had Ron Paul asking him simple questions, is gold money?
He says, no, not anymore.
It's a barbarous relic.
And Ron Paul says, why does the central bank hold the gold?
Well, you know, we just do it because this is something we did in the past.
No, they hold the gold because it's real money!
They know that those pieces of paper or their electronic blips, it's going to be worth absolutely nothing.
And this is why they've been going after alternative currencies like there was no tomorrow, because they know if people start to realize and catch on, Their system is done.
And if you go all the way back to 2014, and you look at the U.S.
Securities and Exchange Commission, this is what they put out back then.
This is May 7, 2014.
Investor alert.
Bitcoin and other virtual currency related investments.
And what were they telling you?
That it's very volatile, that criminals use it, and it's going to crash any day.
Now that was in 2014.
That's 10 years ago.
Think about that.
That's when Bitcoin was $400.
So if any investor decided to go and pick up 10, 20, 30 coins, you know, cause you could have picked up 10 coins for $4,000.
You could have picked up 20 coins for $8,000.
Well today that's a 15,000% gain.
You could have picked up 20 coins for $8,000.
Well, today that's a 15,000% gain.
They stopped you from creating this wealth.
That's what they did from the very, very beginning.
And they didn't stop.
They kept pushing this and pushing this because they didn't want people to understand that Bitcoin, gold, this is currency outside of the private Western Central Bank system.
They didn't want people to actually get into it.
They didn't want this to catch on, but it's too late.
People now are saying because all you have to do Is actually allow the deep state, the central bank to do what they do best, because why interfere with them while they're in the process of destroying themselves?
Allow them to print, allow them to push everything they want to push, because all it's going to do, it's just going to expose their system.
It's going to expose how their currency has no value.
And that's what people are starting to see.
And Trump, he put this out on Truth and he quoted Stuart Varney on Fox and Friends.
And this is what it says.
If you're looking at the economy, we had a very low inflation, virtually full employment.
And for the first time in a generation, the lower income earners were catching up to the people higher up in the food chain.
The income inequality, the gap there, actually narrowed in the Trump years.
We've never seen that before or since.
So that kind of nostalgia for the past is entirely understandable.
And yes, people are looking back going, I had it much, much better when Trump was in office.
And when you start to talk people, people start to really understand that, yeah, I did have it a lot better.
And you know something?
Why can't we go back to that?
I do believe we can go back to that, but we can even make it better.
And all we need to do is get rid of the private West Central Bank.
And what's very interesting, there was a documentary called Finding the Money and Jared Bernstein, who's the chairman of the White House Council of Economic Advisors, he was asked a very, very simple question.
And the question is, if the United States prints money, why do we have to borrow it?
Now, remember, the United States does not print money.
The U.S.
The Federal Reserve prints money.
They are a private corporation.
They're not part of the government whatsoever.
That private corporation loans the money to the government.
But listen to him when this question is asked. - The US government can't go bankrupt because we can print our own money. - It obviously begs the question, why exactly are we borrowing in a currency that we print ourselves?
I'm waiting for someone to stand up and say, why do we borrow our own currency in the first place?
Like you said, they print the dollar.
So why, why does the government even borrow?
Well, um, the, uh, so the, I mean, again, some of this stuff gets, Some of the language and concepts are just confusing.
I mean, the government definitely prints money, and it definitely lends that money.
The government definitely prints money, and then it lends that money by selling bonds.
Is that what they do?
Yeah, they sell bonds.
Yeah, they sell bonds, since they sell bonds and people buy the bonds and lend them the money.
A lot of times, at least to my ear with MMT, the language and the concepts can be kind of unnecessarily confusing, but there is no question that the government prints money, and then it uses that money to... So, yeah, I guess I'm just... I can't really talk... I don't get it.
I don't know what they're talking about, because it's like...
So I think that tells you everything you need to know.
It does it all the time and it clearly borrows.
Otherwise we wouldn't be having this debt and deficit conversation.
So I don't think there's anything confusing there. - So I think that tells you everything you need to know.
First of all, he's the chairman of the White House Council of Economic Advisers.
And he's confused on how all this works.
Or was this a gotcha question?
And he was like, crap, how am I going to answer this?
Because if I say we have a private corporation that's printing money and it's loaning it to we the people, they're going to ask me a follow up question.
Well, is this really constitutional?
And he's going to say, yeah, of course, because we had an amendment that was, you know, voted on and approved.
And then people would start to go, well, was it really?
Let's go back in time.
Let's find the documentation that shows that all the states voted on it.
Two thirds of the states said, yeah, let's go ahead and do this.
But again, if you notice, he got stumped on this and he didn't know what to say.
Now, either he has no clue whatsoever or he was like, oh crap, I got caught in this and I don't know what to say.
How do I get out of this?
But this tells you everything you need to know.
It tells you that this system does not work.
It never does.
Not for the people of the countries.
All it does is it enslaves the people.
This is why this is the third one here.
If it was so fantastic, so great, and it benefited the people, the first one out of the gates, they would have said, you know something?
This is incredible.
We got to keep this.
You know why?
Because look at our country today.
You see, back then, they knew.
They said, oh, no, no, no.
We got to cancel this.
This is not good.
The second one came along.
Andrew Jackson said, no, no, no, this doesn't help the people.
This is a complete and utter disaster.
Here we are with the third one.
And if you notice, every country eventually tries to get rid of the private West Central Bank, but the central bank always seems to basically crawl back from out of the shadows, back into these countries.
And now we're on the third one where Trump, he's going to remove it.
I do believe he is going to remove it.
I do believe we're on track.
to remove this.
And I think eventually what's going to happen is as the people see the economy break down, as they see the liars, as they see everything completely and utterly fall apart right in front of them, and they see the alternative currencies stand tall against the fiat currency, I think the people, well, I think the people are gonna see it and it's gonna become very, very clear.
And I do believe Trump is going to come out and let everyone know that, yeah, this is the direction we have to head in.
We need to find out why we're having these problems.
What's been happening with the Fed here?
Who's been making these calls?
What's really going on?
And I do believe we need a full investigation.
We need to show the people the truth.
We need to be completely transparent.
The people must know that this is a private corporation.
It is not part of the government, and we're just borrowing this money for no reason whatsoever.
They don't do anything special.
Back in the day, what, they have a printing press?
Now they just push a button.
What do they do that's so special?
Absolutely nothing.
And I think people are starting to realize this.
Listen, there are two mandates.
Keep the dollar steady, which is really the Federal Reserve note.
Make sure there's no inflation.
We have 3,000% inflation!
Did they fulfill that?
Absolutely not.
Keep the country employed.
Have they done that?
Absolutely not.
Where's all our industry?
Where'd everything go?
It completely disappeared.
Just with those two things, they haven't done it.
It's time to remove them.
Then, if you actually look deeper into the Federal Reserve, you know what you're going to find?
Criminal activity.
That is what you're going to find.
I think in the end, I think people are all going to see this, and once they see it, they're never going to forget it.
I do believe in the end, the Central Bank will cease to exist, not just here in this country, but around the world.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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