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May 21, 2024 - X22 Report
20:02
Ep 3358a - California Ranks Dead Last In Opportunity, End The Fed Narrative Building
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Welcome to the episode of the Cinecraft Podcast.
Hi and welcome you to the Cinecraft Podcast.
You're listening to The X-22 Report.
My name is Nathan.
This is episode 3358A and today's date is May 21st, 2024.
And the title of the episode is California ranks dead last in opportunity and the Fed narrative.
Building.
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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, it looks like their agenda is hitting the wall and they're trying to keep the illusion alive.
They're The entire economic system is completely and utterly falling apart right in front of them.
And they thought they were going to be able to do this in the darkness of night.
They didn't expect the people to be awake to be watching exactly what they've been doing.
But that's exactly what is happening right now.
And it looks like they are now panicking.
They're in trouble because as we get closer and closer to the presidential election.
We're going to see the internals of the economy break apart.
And what they're going to try to do is they're going to try to manipulate it enough to keep it looking like everything is fine.
But as they do this, it's going to make it worse for them.
When you really look at the fuel prices, you look at inflation, you look at what's happening in the housing market, you can see very, very clearly that the system is breaking apart.
And when they start to say, hey, you know what we're going to do is we're going to manipulate the calculations.
Hey, you know what we're going to do?
We're going to release oil to bring the fuel prices down.
That shows you exactly what's really going on.
Because if the economy was fine, if the economy was doing great, You wouldn't have to do these type of things.
Plus, you wouldn't have to raise taxes when you tell everyone you're not going to raise taxes.
And we see that happening out in California.
Buried in Newsom's new budget proposal are $18 billion in temporary tax hikes for the California businesses still hanging on over the past few years.
A significant portion of the state's businesses were forced into insolvency by government pandemic mandates, taxes and crime, while many others fled to other states altogether.
By temporary, we know what that means.
Remember when they said, hey, we're going to temporarily take the United States off the gold standard?
We know what temporary means.
That actually means permanent.
So Newsom, he unveiled his budget proposal on May 10th and the tax policy details the following week.
The proposal would for the next three years bar businesses earning $1 million or more from deducting operating losses from their taxes while also limiting business tax credits.
The provisions are projected to cost California businesses about $18 billion through 2027.
Although they wouldn't take effect if tax collections beat expectations.
Now that scenario appears very unlikely given that California's tax revenues are massively down thanks to a stagnating economy and exodus of both high-earning residents and businesses.
And it seems that Newsom, when he said, oh we're not going to have any taxes, new taxes, it looks like he lied once again.
We were told to watch California, and California right now is completely imploding on itself.
And I think the people are really starting to see this very, very clearly.
The policies that the Biden administration is pushing, the policies that Newsom is also pushing, is destroying that state.
And we were told to watch California.
And when you watch it, it's completely imploding on itself.
And according to Kenneth Schrupp at the Center Square A new analysis from the U.S.
News and World Report Agency found that California ranked dead last among the 50 states when it comes to opportunity.
What could have possibly indicated that California wasn't the friendliest location for anyone wanting to build a life of prosperity and freedom?
Maybe it was the 70 billion dollar deficit.
Maybe it was the exodus that we've seen hundreds of thousands of people flee the state.
Maybe it was the flight of more than 350 big businesses?
Was it the influx of millions of thoroughbred migrants who came for welfare?
Was it the news that the government would be handing out $1,200 per month to transvestites and transsexuals simply because of their mental illness?
Was it the news that the government would be handing out free beer and vodka shots to homeless drunks at the expense of the taxpayer?
Was it the fact that California Was the highest state income tax rate in the U.S.
coming in at more than 13%?
Was it the price of gas, which is typically double the national average?
Was it the state's war on reliable and affordable energy?
Was it the state's war on the farmers providing the food?
Maybe it was all of these things, but we could see the policies that they were pushing, that Biden is pushing.
It's destroying everything.
And the people of this state, they see it.
Now, when you look around the country, you're going to see a very, very big difference between the red states and the blue states.
And I think people, they're actually really seeing it now.
It's becoming clearer and clearer every single day.
And as it becomes clearer and clearer, people are starting to realize that this Green New Scam and everything that they're pushing doesn't work.
It destroys the economy.
It destroys your state.
And we could see that as the economy breaks down, those blue states, they're going to implode first.
Now Biden, he's trying to convince everyone that everything is great.
He has inflation under control, the economy's doing well, he has jobs that are being created, and fuel prices are under control.
But when you really start to look at it, Everything that he's saying is a complete and utter lie and they're starting to manipulate things to make you think that everything is okay.
Just like they're removing coffee, they'll be manipulating the inflation calculation even further because they need to control that.
And what other way to control inflation?
Well, you need to manipulate the fuel prices.
And how do you convince people that the economy is getting better?
Well, you got to manipulate everything because that's the only way you can convince the people.
But I don't believe the people are going to buy this this time around.
Look what Biden is about to do with fuel prices.
Right now, Biden, he's going to be releasing one million barrels of gasoline from the Northeast Reserve in a bid to lower prices at the pump.
It looks like this is right on schedule.
So let's see.
He's manipulating the inflation calculation.
He's now going to be manipulating the oil price and how is he going to do this?
Well he's going to release the oil from the Northeast Reserve.
This was established for a super storm standing in a bid to lower prices at the pump and he's going to do it this summer.
So the storage sites in New Jersey and Maine Will be allocated in increments of 100,000 barrels at a time.
The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4th holiday and sold at competitive prices.
Which means that you're going to see lower fuel prices at the pump because he's using oil once again from the reserves.
Is he actually truly lowering oil prices?
Absolutely not.
This once again is part of the illusion and what everyone now is seeing.
This is how they manipulate the economy to make you think that things are okay.
It's not just Biden doing this.
This is what the Private What's Essential Bank and many individuals in government have been doing for a very long time.
Because over time, what happens?
The private central bank system completely implodes.
And how do you convince people that it isn't imploding?
You need to manipulate the calculations.
Let's talk about protecting our wealth.
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So they've been manipulating the calculations for the GDP number.
They've been manipulating the calculations for inflation.
They've been manipulating the unemployment numbers.
And they pretty much manipulate almost everything.
And that's how they convince you that everything is great.
The other manipulations that they had to do is they had to move manufacturing out of this country.
They had to bring manufacturing to countries where the workers there Got paid pennies on the dollar.
It's almost like what we saw just a couple of weeks ago, where you had workers in another country, like the Philippines, they were getting paid $3 an hour and they were on a TV screen.
Well, that's what they did back in the 70s.
They took the manufacturing plants and they moved them to countries where they could produce the items for a lot cheaper, because if they kept those plants here, people would notice the difference.
They would say, why is everything so expensive?
This doesn't make any sense.
But to fool the people over time, this is what they had to do.
And this is why they never placed tariffs on any of these countries.
Because they didn't want people to understand what was really going on and they needed to keep the costs way, way down.
So it made you think that everything was fine.
While they were actually stealing your wealth, destroying the country, and moving everything outside of this country.
Trump responded to what Biden is about to do, and he put this out on Truth, and this is what he says.
Disgusting.
Biden releasing 1 million barrels of gasoline from Northeast Reserve in a bid to lower prices at the pump.
And the people, they're not fooled by this.
They understand that everything's being manipulated.
They understand that it's breaking down.
And if this is Biden's solution to fix the economy, this again is not a fix.
It's a Band-Aid fix.
Just like everything else, you need to go to the source of the problem.
What's the source of the fuel prices moving up?
Well, it's all the actions that Biden has taken to remove everything that Trump had.
Trump had the country energy independent.
Now we are not.
That's why fuel prices are moving up.
Inflation is happening because of the Private West Central Bank and all the spending.
So you need to go to the source of the problem.
Source of the problem is what?
Not manipulating the calculation but going to the Private West Central Bank and removing the Private West Central Bank and giving the power of the creation of currency back to we the people.
And that's the only way we're going to fix this because you could see Very, very clearly that all these little fixes that they do and, you know, increase the minimum wage, you know, release the oil, change the calculations, it does absolutely nothing and it's fooling nobody.
And I do believe now people, they see the illusion.
And that's the whole point of this.
You need to see the Private What's Essential Bank illusion.
What Biden is doing, what the Fed is doing, They're keeping the illusion alive and now you can see through the illusion actually you could see the matrix now and it's becoming clearer and clearer and I do believe this is why as we approach the presidential election.
We're going to see the internals of the economy break down.
Biden will be able to use these little band-aid fixes, you know, a little bit at a time, but he won't be able to control the avalanche that has started.
And this will pick up speed.
It will get worse and worse until the very end.
But again, you have to understand why he's doing this.
This is a political stun because we're in an election year.
So he wants everyone to believe that, hey, look, he fixed everything.
Everything is great.
That's why I do believe the Federal Reserve.
They are going to do a interest rate cut to actually finish off the manipulation to show everyone, look how great the economy is.
Fuel prices are low.
Inflation is low.
Biden did it.
Bidenomics worked.
And now the Fed is going to signal, yes, since he did all these things, we can now cut the rates.
And now the economy is the way it should be.
Except there's one major problem.
The people aren't going to feel that.
The people are going to feel something completely different.
And the entire economic system is going to come down in the end.
And then everyone's going to turn their heads and go, whoa, wait a minute.
I thought you fixed the fuel problem.
I thought, you know, fuel prices weren't going to go up again.
How come they're skyrocketing?
I thought you fixed inflation.
And why did that market come down?
And why are there so many layoffs?
That's what people are going to notice.
Because in the end, it's all going to fall apart.
Actually, if you look back at 2008-2009, they were following the same exact thing.
They were doing the exact same thing.
It looks like Biden is following that same exact tactic.
And he's trying to fool the people.
It didn't work then.
It's not going to work now.
And I do believe when the crisis hits, people, they're going to demand an explanation of why all of this has happened.
Because remember, they've been telling us that we're coming in for a soft landing.
The Fed has been telling us we've been coming in for a soft landing.
The Treasury is telling us that we're coming in for a soft landing.
But in reality, we're going to be hitting the wall and it's going to be a hard landing.
And the people, they're going to demand an explanation for all this.
You lied to us.
You tried to convince us that everything was fine, but it isn't.
We see it firsthand.
Everything just fell apart around you.
And I do believe with this crisis, This is when we can make a move on the Fed, make a move on their central bank digital currency.
We can actually shut it down.
Now, of course, people are going to be afraid.
People are going to be scared.
And we're going to see things that we normally don't see.
And again, fear will set in.
And this is what the deep state, the central bank is hoping.
They're hoping that fear sets in and that people do stupid things because they're afraid.
But I think To get us through all of this.
I do believe Trump is going to be the voice of reason saying, no, no, we don't have to go to the central bank digital currency.
No, no, we don't have to do anything that they're saying.
We can rebuild this very, very easily.
We can put the United States back on track.
The first thing that Trump needs to do, and I do believe he's going to say this, is we will have peace.
Because remember, with all this happening, the economy crashing, they want to cover up all of this using war.
So the first thing he'll do is he'll say, listen, I can usher in peace.
And once we have peace, we can start making this economy absolutely incredible.
Let's start drilling.
Let's start removing the regulations so we can drill.
Let's become energy independent, which will bring down the fuel prices quite a bit.
Let's investigate the Fed.
Let's see what's been happening.
Why they've been lying to the people.
And I do believe this is the direction we're going to be heading in.
And remember, we have two bills, actually a couple bills, but the two are Thomas Massie, where it's end the Fed.
22 members of Congress, they signed onto it.
Now, is this really going to move anywhere?
Is the Senate going to go, hey, you know something?
We love that.
End the Fed.
Let's sign that.
No, the Senate's not going to do anything.
I do believe this bill will sit there.
It will not be passed right now, even if they try.
But, when there's a crisis, and we have an election, and the Senate is replaced, and the House is replaced, and then we start to ask questions, we have that bill ready to go.
The same thing with the anti-CBDC.
Same thing.
Same thing with going back to sound money.
I do believe in the end we will be going back to sound money.
I do believe we'll be restructuring the Fed one way or another.
And the people will take back control of the economy.
And that's where all of this is headed.
And Biden, he's going to do everything he possibly can.
The Fed's going to do everything they possibly can to keep us in the illusion Right up to the presidential election, but I do believe it will fail in the end and they will not be able to keep this up and people are going to be looking at the entire economic system going, it just crashed under everything that you were doing.
So you told us everything was fine, everything was great, but it crashed and now we know who's responsible for this and we know who the liar is.
So I do believe this is where all this is heading and I do believe Trump, he's going to use this as leverage and the people, they're going to be with him.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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