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May 11, 2024 - X22 Report
18:38
Ep 3351a - Trump Was Right Tariffs Work, Biden Fakes It, Gold & Crypto Adoption Is Spreading
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I'm
going to go to the next episode of the episode of the episode of the episode of the episode of the episode of the episode of the episode of the episode of the episode of the You're listening to The X-22 Report.
My name is Dave and this is episode 3351A and today's date is May 11th, 2024.
And the title of the episode is Trump was right.
Tariffs work.
Biden fakes it.
Golden crypto adoption is spreading.
Let's talk about protecting our wealth.
Gold has gone up more than 81% in the last five years.
It is happening.
Central banks are ditching the dollar and U.S.
Treasuries and buying more gold.
The good news is it is predicted to go up even more.
UBS said it might even go up to $5,000.
Noble Gold Investments' phone has been ringing nonstop.
Everyone wants to protect their retirement with gold.
You can do the same.
And if you do it this month, Noble Gold Investments will give you a free quarter ounce gold standard coin if you open a qualified account.
Go to x22gold.com.
That is x22gold.com.
Let's get right into the economic collapse financial news.
Now the deep state, the corrupt politicians, the private bus, the central bank, the World Economic Forum, everything that they try to do right now is completely and utterly falling apart on them and their agenda is failing.
And remember, Trump, he set everything up from the very, very beginning.
He knew that when the resident came in and he had the World Economic Forum, the central bank, Soros and the rest, what were they going to do?
They were going to reverse everything that he did.
Now, of course, this is how you set the central bank up.
This is how you show the people the truth.
And once the people learn the truth about the economy, about the Green New Scam, about where they want to bring us with the Great Reset, people, they reject it.
In the end, they say, you know something, we see what you're doing, and the people then reject it.
Now, of course, Trump mentioned all of this he told everyone what to expect what they're going to do if Biden came into office You could expect the economy crashing you think you can expect the green new scam You can expect the country where it was energy independent because of Trump that would disappear But again, sometimes you need to show the people and you need to show the world exactly what their true agenda is because remember the central bank
The World Economic Forum, they love to push their agenda where they have a cover story.
And if they have a cover story, that means people really don't know why it's happening.
They can't really see it's happening.
They can't see it's part of an agenda.
So without a cover story, and you see everything breaking down, you see the same people lying to you, people now can see the agenda.
And it makes it a lot easier for people.
And think about what Trump did with the economy with tariffs, where he renegotiated the trade deals.
Again, if all these things were bad, like they were saying, they would have reversed them.
No problem.
And it looks like Trump truly put tariffs on China that did not cause inflation.
It didn't destroy the economy.
Actually, the economy is very, very strong.
And I'm not talking about when COVID hit.
That's completely something different.
The economy before that was absolutely strong.
And he placed tariffs on China, he placed tariffs on Europe, brought money in, gave it to the farmers.
Biden could have just cancelled all the tariffs because remember they continually said that the tariffs are bad, this is no good, it's going to create inflation, it's going to destroy the economy.
But did he?
No.
And actually he's placing more tariffs on China.
But again, The way the deep state operates, the way the central bank operates, these are fake tariffs.
And we'll be talking about that in just a sec.
But first, let's talk about the Green News scam, because we can see the world is completely and utterly waking up right now.
Out in Romania, the Romanian MP, Christian blows the man-made global warming hoax completely out of the water in the EU Parliament.
This individual said the CO2 is a gas that currently represents 0.041% of the whole atmosphere despite the small percentage.
For decades now campaigns are ran to make people believe that man-made CO2 is the cause of climate change.
The solutions proposed to fight climate change are higher taxes and more state control as well as less rights and options for the people.
Obviously the declared objective is to change our behavior while fighting climate change is just a pretext to do it.
And he's absolutely right and what it boils down to is control.
That is pretty much it.
It's total control and that's what they want.
And again, think about how the Deep State, the Central Bank, the World Economic Forum operates.
They always use a cover story.
And they use a cover story to pretend that they're doing this all in the best interest of the people of this world.
But what they're really doing is they're trying to get total and utter control over the people.
And you can see that the Green New Scam, it just doesn't work.
When you look at the solar panels and you look at the wind farms, They're not driving enough electric.
They're very, very expensive.
They're actually hurting the earth more than helping.
And when there is a storm or something happens, you can see that these things, they're completely destroyed.
And when you look at solar panels, someone set up a solar panel farm in the water.
And then there was a major storm.
And it destroyed the world's largest floating solar panel farm.
What individual actually set this up and thought it was a really good idea?
It's absolutely unbelievable.
And you know what else is unbelievable?
What Biden is doing and trying to convince the American people that, hey, I care about you.
I'm going to be placing EV tariffs on China.
And it's going to make it very, very difficult for them to sell us EVs.
Well, that's not really the case.
And when you start to look at this and you start to look very, very closely, you could see what he is doing here.
It's fake tariffs.
So the New York Times is reporting that Joe Biden and USTR Catherine Tai are to trigger massive tariffs against imported electric vehicles from China, perhaps as much as 100% due to the low cost of Chinese production.
So let's talk about the EV tariffs approach.
This is absolutely ridiculous what Biden is doing.
Because when you look at this, you can see very, very clearly that this is going to do absolutely nothing.
Mexico is building the Chinese EVs.
And these EVs would pass into the U.S.
market under current U.S.
MCA trade rules and regulations as long as they technically meet the material origination rules.
This can make tariffs against the Chinese imported EVs a moot point because China will be making them in Mexico.
One of the reasons Trump said the US auto industry would suffer a bloodbath is specifically because the current Chinese auto companies are targeting these EVs in the $10,000 or less range.
If you want to see what it looks like when cheap EVs start to flood consumer markets, visit Russia.
This tariff claimed by the Biden administration on import Chinese EVs is optics and only for political benefit.
Whereas the 100% tariffs proposed by Trump specifically targeted Chinese EVs made in Mexico.
So basically Biden is playing the shell game and what he's telling everyone isn't exactly what's happening.
Which means there's no 100% tariff on the Chinese EVs.
And what does that tell you?
I think it tells you everything you need to know.
Just like what's happening in the economy tells you everything you need to know.
Inflation is picking up.
Fuel prices are picking up.
Everything's getting worse.
And everything is on the Biden administration.
He's losing the young voters every single day.
And you have to remember, the people of this country, and actually the people of the world, Everyone has one thing in common.
That is the economy.
And it doesn't matter what income bracket you're at, because if the economy is crashing, everyone is going to feel it sooner or later.
And right now, the youth, they are feeling it.
Youth unemployment has reached 15%.
And Biden now is losing those people in the 18 to 39 age bracket.
And this is going to get worse and worse for him as time goes on, because the economy is not getting better.
Even though he's telling everyone that everything is great, everything is fantastic.
Inflation's under control.
I brought it down from 9% when I came into office, but actually he caused... Let's talk about protecting our wealth.
Gold has gone up more than 81% in the last five years.
It is happening.
Central banks are ditching the dollar in US treasuries and buying more gold.
The good news is it is predicted to go up even more.
UBS said it might even go up to $5,000.
Noble Gold Investments phone has been ringing non-stop.
Everyone wants to protect their retirement with gold.
You can do the same.
And if you do it this month, Noble Gold Investments will give you a free quarter ounce gold standard coin if you open a qualified account.
Go to x22gold.com.
That is x22gold.com or click the link in the description.
the inflation rate to go up to 9%.
He actually brought it down from his high.
If you look at what Trump had, he had inflation below 2%.
So everything that Biden has been saying, I think the people realize that he's been lying, but he's been destroying this economy, not just him himself, but others.
And the economy is getting worse and worse.
And I do believe as we approach the presidential election, yes, they're going to try to use an event to cover up the entire system crashing.
And I do believe we're going to see the market crash.
And I do believe the Fed is going to cut rates because I do believe they're going to get a lot of political pressure.
Plus they're in line with the deep state players.
And I do believe what they're going to do is they're going to try to make it look like everything is great.
And then when everything starts to fall apart, I do believe they're going to need some type of an event because they always need a cover story of why everything's falling apart because they don't want to be blamed for it.
And I do believe that's going to be a cyber attack.
But you could see the economy is completely and utterly falling apart.
And the people are seeing this.
The Copece Letter on X put this out and said, small businesses in the U.S.
are struggling.
Small business optimism has dropped for a third straight month to an 11-year low.
Sentiment is even worse than during the early 1990s recession and 2000 dot-com bubble.
Elevated interest rates and inflation have decreased consumer demand while driving up labor costs.
These businesses are a major part of the economy accounting for approximately 44% of U.S.
GDP.
They also employ approximately 62 million people or half of the entire American workforce.
Small businesses need help.
And yes, the small businesses, they are feeling the pressure.
And those people that are in business, they understand and they realize that the economy is not what Biden is saying.
And actually, we can see this with the consumer sentiment because Bidenomics is completely imploding.
The University of Michigan released their latest report card on Bidenomics and nobody's surprised except maybe Biden himself and those people that are around him.
I think they all know that the entire economic system is falling apart.
But when you look at the consumer sentiment, it's a disaster.
It plunged from 77.2 to 67.4.
That's a 9.8 point drop, the biggest since August 2021.
The collapse in sentiment was broad-based and hammered both current conditions, which plunge from 79 to 68.8, missing the estimates of 79.
Worse yet, consumers expect the pain to continue.
So the people know they're getting it.
They're understanding this.
And they realize that what Biden, the Fed, the Treasury, what they're all doing is not working.
And they're lying to the people.
And now the people understand this.
The people see this.
And this is why people They're looking to protect themselves.
Every single day, the people, they say, you know something?
I see the fiat currency is completely and utterly falling apart.
And the people, they're looking at what's happening.
They see the inflation.
They see the devaluation of the currency.
People now are saying, I need to hedge myself against all of this.
And I need to be separate and apart from the private West Central Bank system.
And it's almost like with being prepared for a catastrophic event.
When you prepare for that, what do you do?
Let's say you buy batteries, you buy food that you can store, you have water or you have water filtration systems.
You do all these things because you know that maybe there's a hurricane, maybe the economic system is going to collapse, maybe there's going to be some type of snowstorm or something like that, but you always prepare and you always make sure that you're self-sufficient.
Well, why should that be any different than the entire economic system falling apart and you be self-sufficient in making sure that you protect your wealth?
You're protecting your family or yourself with food and water.
Why shouldn't people protect themselves against a failing Private Wealth Central Bank system?
And how do you do this?
Well, just like with food and water, you take yourself out of the system.
You store it, and you have it, and you keep it.
So this way you don't have to go to all different locations.
The same thing with the economic system.
When you see that completely and utterly breaking down, what do you do?
Well, if the fiat currency is devaluing and you're seeing inflation is worth less and less every single day, Well, you say, what should I do?
Should I go into stock?
Should I go into land?
Should I go into crypto?
Should I go into gold?
Should I put it into silver?
You go outside of the system and you look for these things that are hedging against the fiat currency.
And I do believe that's silver, that's gold, that's cryptocurrency.
And this is why more and more people are doing this.
Actually, if you look at Costco, they started to sell these gold bars.
And it wasn't like they were just sitting there and nobody was purchasing them.
Actually, they're starting to see a lot of people purchase the gold bars.
They're starting to ramp up sales.
More and more people are purchasing it.
And it's the same with crypto sales.
So you see it in both markets.
You see people saying you know something I need to be prepared for an economic collapse or the basically the devaluation of the fiat currency which might go to zero because we saw this in Weimar Germany.
We saw this in Argentina many many times.
We've seen this in Zimbabwe.
We've seen this going back throughout history.
And this is not going to be any different this time around because again we're in a Private Western Central Bank system and these other countries had a Private Western Central Bank system and eventually what happens is the system breaks down over time and as they keep printing they need to print a lot more to keep up with what is happening.
And as they're keeping up, what happens?
Well, you make the situation worse.
Inflation gets worse, the system really starts to fall apart, and people start to recognize this.
But you can see, there's a lot more people heading into Bitcoin or other cryptocurrencies.
The Kobesi Letter on X put this out and said, Emerging markets have seen massive increases in Bitcoin ownership.
Turkey has the largest global Bitcoin ownership share of 8.3% followed by Vietnam, Nigeria, Venezuela.
Interestingly, the United States takes 7th place in the world with a 6.2% share.
So that is very interesting.
And you have to remember, Turkey, what are they seeing?
They're seeing an inflation rate of 75% right now.
Think about Argentina.
They saw an inflation rate of 300%.
And yes, people are having a very difficult time.
Now we have, of course, the new president in Argentina, where he brought the inflation rate down from 300 to 11%.
But once again, as these countries continually print and print and print, they just make it worse.
Now remember, inflation is cumulative.
It's not like it just disappears.
What Malay is doing, he can slow it down.
Where it's not going up every year by 300%.
But again, that inflation is always there.
It doesn't disappear.
But you can see that Bitcoin is now being purchased by a lot of people in all these different countries.
And I do believe this is going to accelerate as time goes on.
And there's going to be a lot more people that are going to be purchasing these alternative currencies.
And I think people are not just buying one.
I think people are making sure that they're covered in all different places.
And I do believe this is going to accelerate over time and more and more people are going to do this.
Because remember, as the economy breaks down and we get closer and closer to the presidential election, people are going to see things that they probably normally haven't seen before.
And they're going to have people that are continually lying to them.
And people are going to lose trust, just like people lost trust with the CDC, the FDA and the rest because of what happened with COVID.
People are going to lose trust with those people that are handling the economy.
And people aren't going to believe these people.
And if these people aren't going to believe them, what do you think they're going to do?
They're going to try and they're most likely going to protect themselves.
And I think in the end, that's what we're going to see.
We're going to see a lot of people protecting themselves and they're going to be transitioning.
I'm not saying take everything and throw it in.
In my personal opinion, I say that you should take a portion and just protect yourself just in case something should happen.
And again, remember, you see the highs and lows with gold and Bitcoin, that is because it's pegged to the Federal Reserve note.
Once again, when the Federal Reserve note continually loses value, I do believe all these alternative currencies are going to shoot up and shoot up like we've never seen before.
And this is something the Private West Central Bank doesn't want anyone to see, because that tells you the whole story.
Once you see that their currency is worth nothing and the alternative currencies are holding steady, That tells you that their system is now dead.
And I do believe that is exactly where we are headed.
Their system is going to die and the central bank will cease to exist.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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