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May 22, 2024 - X22 Report
20:28
Ep 3359a - Trump Just Made A Move & The [CB] Is Panicking, The People See The Recession
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Welcome to the episode of the Cinecraft Podcast.
Welcome to the Cinecraft Podcast.
You're listening to The X-22 Report.
My name is Dave and this is episode 3,359 and today's date is May 22nd, 2024 and the title of the episode is Trump just made a move and the central bank is panicking.
The people see the recession.
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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.
The moves that they are making right now is basically exposing the entire recession that they're pushing us into.
And actually, we are in a recession.
We're going into a very deep recession.
And the people of this country, they're really starting to see it.
And they're starting to understand that the statistical numbers, they're not matching what they feel every single day, what they're experiencing every single day.
And this is going to be a problem for the Deep State, the Central Bank and the World Economic Forum, because as we get closer and closer to the presidential election, what do you think they're going to do?
Well, they're going to manipulate inflation even further.
They're going to manipulate the fuel prices by using a lot of the reserves.
They're going to manipulate the statistical numbers to convince the people that the economy is doing well.
And the very, very end of this, to convince the people that everything is fantastic, I do believe the Biden administration is going to force the Federal Reserve to cut their rates.
And they're going to show over time that inflation has been dropping even though it is not.
They're going to show it through statistical numbers that look inflation is falling.
The Fed now can do their one rate cut and that's when everything changes.
But everything is already changing.
Trump just made a move where he's now accepting Bitcoin for his campaign and the central bank, the Biden administration, they are all panicking like we've never seen before.
But before we get to that, when you look at the economy, you can see that things are completely falling apart.
And as the Fed continually raise rates, what happens?
Well, businesses suffer, home sales suffer, and that's exactly what we're seeing.
Existing home sales, they are now falling because of the rising rates, and this is pushing people out of the market, and now it's a complete and utter disaster.
Sales of previous owned homes in the United States fell sharply in April and basically the National Association of Realtors reported that home sales fell by 1.9 percent in April, reaching an annualized rate of about 4.14 million units.
This figure, which represents the number of homes that would be sold over a year if the monthly sales remained on pace and very consistent, fell short of Wall Street's expectations.
Analysts had predicted a slightly higher rate of 4.21 million units, but they got 4.14.
So you could see the real estate market is in trouble right now.
And Trump, he is looking at the economy, telling the people, you know why we're having this problem?
Because of Biden's war on energy.
He is the one that is causing the inflation.
He is the one who's causing all the problems.
And Trump was out there letting everyone know, this is why we see what we see today.
Now, I do believe this is going to go a lot further as time goes on.
Trump is going to start to point to the Federal Reserve.
But again, the people, they need to understand what Biden has done to spur all of this.
And everything that he's done cannot be removed unless you remove the Private West Central Bank.
Because again, inflation is here to stay.
It's cumulative over time.
Because if we're in a Private West Central Bank where we're borrowing currency with interest attached, The situation just gets worse and worse as time goes on.
And think about what Biden did on his first day of office.
He canceled the completion of the Keystone XL pipeline.
He suspended oil and gas leases in the Arctic National Wildlife Refuge in New Mexico.
Biden's EPA restricted domestic energy production.
In March, the Biden administration began blocking new exports of liquid natural gas.
Inflation is really rapidly moving at a level that people have not seen before, Trump says.
And when you look at the restaurants, the fast food restaurants, you can see the inflation and it's very, very clear.
A McDonald's meal with a Big Mac burger, medium beverage, an order of medium fries costs about $18 in some locations.
Popeyes, Taco Bell, Chipotle raise prices by at least 75%.
Taco Bell's Beefy 5-Laver Burrito is up 132%.
Wendy's Small Frosty is up 111%.
Taco Bell Chalupa Supreme is up 110%.
Burger King Small Ice up 100%.
And this goes on and on and on, which tells you everything you need to know.
Inflation is really hitting the lower middle class right now.
And yes, as inflation continues, it will move into the middle class, the higher middle class, it will not stop.
But you could see the American people, they had to use their savings, they had to use credit just to make ends meet.
And the people in this country, they understand that inflation is really hurting them.
Around 65% of Americans surveyed said that inflation had made their financial situation worse in 2023, while only 31% said it had little to no effect.
So 65% of the people are saying, yeah, this is awful and this is in 2023.
Now we're seeing inflation pick up again.
Remember, it's cumulative.
So as inflation picks up again, we're not going back to 1971 prices, 1980 prices, 1990 prices, 2000 prices.
The inflation that we received is here to stay.
So this will continue on as time goes on.
He's making a political move, and that's all this is, is a political move.
He's trying to control his disastrous economic policies.
So what is he going to do?
He's going to basically release the gas reserves and try to bring down the fuel prices, which will make inflation basically even out for a time, for a little bit of time.
But is this going to solve the problem?
No, because people, they still feel the prices.
That hasn't disappeared.
It just means that inflation won't be going up as quickly.
He's going to try to use this during the election.
Do you really think this is going to work?
No, this is a Band-Aid fix, like everything else.
And the people, they're going to see through all this.
They get it.
They understand that we have major, major problems here.
Now, the other thing that's very interesting is that we know as we get closer to the presidential election, We know that the Fed most likely will cut the rates and we could see the narrative is already building for the Fed to cut the rates.
This is coming out of Business Insider.
The US economy is headed for a hard landing this year and deep rate cuts are the only solution.
So I do believe they're going to frame this a little bit different.
This is coming from the City Chief Economist.
But I do believe what they're going to do is they're going to frame this a little bit differently because, again, it's a presidential election.
You have to use this to your advantage.
So what is Biden going to do?
He's going to say my policies are working so incredibly well that the Fed is able to cut rates and start and they're going to start lowering the rates again.
Is this going to help the situation?
No, it's going to hurt the situation and everything's going to be falling apart.
But you could see that the Biden administration They're moving fast forward into keeping their political illusion alive, the economic illusion alive.
And they're trying to convince the people that everything is fine.
And they're trying to get the young voters back on their side.
And this is what Biden is doing.
He's going against the Supreme Court.
He's cancelling student loans.
He just cancelled another 160,000 borrowers.
So he's trying to convince them, look, I just cancelled your loans, now everything is fine.
But again, these people, if they can't find a job, or if they have a job, and everything's getting really expensive and they can't afford anything, do the people, do they really care that, wow, you cancelled that, but look, everything else that you did is a complete and utter mess.
So I don't think the people are going to buy this, I don't think the young generation's going to buy this, because they see it.
They experience it firsthand.
And no matter what statistical information you throw at the people, Let's talk about protecting our wealth.
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The people see through it.
Just like when people look back at COVID now and they look at all these statistical numbers, they're starting to realize, you know something?
They use this against us.
They used all the cases, the deaths against us to convince us that there was a pandemic.
They're doing the same exact thing.
There is really no difference.
They're using statistical manipulation to convince you that something's happening when it really isn't.
But with the economy, it's a little bit more difficult to convince the people if the people are experiencing it every single day.
And when they see the inflation, which means the devaluation of the currency, people start to ask a lot of questions.
Why is this happening?
Who's responsible for this?
Can we stop this?
What's the solution for this?
When people are losing jobs, then people ask the same exact questions.
And then people say, okay, what's doing well in this market while the fiat currency loses its value?
People look at what?
Bitcoin.
People look at gold.
They look at silver.
They look at all different things.
And they say, you know something, let me just move a little bit in there just to protect myself just for a little bit, see what happens.
And you're seeing more and more people do this.
Now, I remember going way back in time.
Trump, he was completely against cryptocurrency, Bitcoin.
He didn't see it as money or anything like that.
Well, times are now changing.
He said during his rally, When he was talking to his group that bought his NFTs, he was saying that, you know something, crypto will stand behind it.
We will do everything that the Biden administration is not doing.
And then all of a sudden, the Trump campaign is now accepting Bitcoin and other cryptocurrencies.
And this is the statement that they put out.
Today, Trump's campaign has launched a fundraising page that provides any federally permissible donor the ability to give through its joint fundraising committee using any cryptocurrency accepting through the Coinbase Commerce product.
This addition to Trump's already groundbreaking digital fundraising operation marks the first time a major party presidential nominee has embraced cryptocurrency for donations.
Contribution limits and disclosure requirements for crypto donations will follow Federal Election Commission regulations.
So now he's embracing cryptocurrency.
Now, Joe Biden, of course, is out there.
He's panicking.
The central bank is panicking.
Because remember, all the way up to this time, Trump wasn't really looking at cryptocurrency.
He actually said, I like the dollar.
I do believe he did this because, again, there are certain optics that you have to go with during this period of time.
Because if he said, hey, I'm all in for crypto, I'm all in for Bitcoin, what do you think the central bank would have done?
Well, they would have gone after it like we've never seen before.
Yes, they've gone after it right now, but they would have really gone after it now with people understanding what Bitcoin is.
Now that Bitcoin is moving up, actually, they would probably smash it down quite a bit.
So it would never be able to move up because they would just probably just sell as much as they possibly can around the world.
But now the people see a very different story.
And you can see the Biden administration, the central bank, they are now panicking.
This is what Biden put out, he says, folks, this couldn't be any more serious.
Cryptocurrency executives and oil barons are coming out of the woodwork for Trump.
They're rushing 800,000 checks at glitzy events.
Now Trump is out raising us.
He raked in 76 million total in April, over 50 million of it's coming from a single gala in Palm Beach.
And it looks like Biden is now panicking.
The central bank is now panicking because Trump is letting everyone know, yeah, I accept cryptocurrency, I accept Bitcoin.
And if he's accepting Bitcoin, that is money.
It's money outside of the central bank system.
Think about that for a second.
And then Bitcoin Magazine put this out on X and says, Trump campaign vows to build a Bitcoin and crypto army R-E-C-N-B-C.
So yeah, that's exactly what Trump is doing right now.
And again, he's actually letting everyone know that yes, I will accept your money in Bitcoin form.
That should tell you everything you need to know.
And the other thing that tells you everything you need to know about this entire economic system, the people are awake.
The people understand that the economy is falling apart and they see through The Biden administration and everything that they're talking about, they see through the Federal Reserve, they see through the Treasury, they see through it all.
You know why?
Because the people, they experience it every single day.
You can't convince people if they're going to work, filling up their car, they're going to buy food, they're supporting their family, they're paying their bills.
People know what they have.
People know how much they have to spend each month.
And when your currency doesn't go as far and the bills are becoming out of reach, your electric bill is higher, your gas bill is higher, your automobile insurance is higher, the fuel prices are higher, when you go to the supermarket the food prices are higher, you understand there's something wrong.
And you see that, hey, I know they're telling me everything is great, the statistical numbers look fantastic, but I'm experiencing something else.
Let me talk to my neighbor.
Are you experiencing the same thing I'm experiencing?
Neighbor says, yes, I am.
Maybe not as much as the other person, maybe even more so.
But they're experiencing the same thing, and people start to talk to each other, and people start to talk about the economy.
And this is why, with all the polls that are coming out, the American people, they get it.
The Kobesi letter put this out on X and said, 56% of Americans currently believe we are in a recession, according to a Harris poll conducted for The Guardian.
Currently, 55% of Americans believe the economy is shrinking and 49% believe that the S&P 500 is down for the year.
Meanwhile, GDP data has shown positive GDP growth for seven straight quarters and the S&P 500 is up 12% this year at a new all-time high.
The poll says that 49% of Americans believe unemployment is at A 50-year high, though the rate has been under 4%, a near 50-year low.
58% of Americans blame the president for the state of the economy, according to the poll.
Why is there such a big disconnect between data and reality?
Just about all the economic data suggests that the economy is strong.
Not only does it suggest that the economy is strong, it suggests it is historically strong as well.
The disconnect is colossal.
It's absolutely unbelievable.
And this is something that the Biden administration and the Fed can't get over.
And this is what happened in 2008-2009.
During that election year, that presidential election year, The stats look pretty darn good.
The Fed said we're not predicting any type of recession anytime soon.
But the people, they felt something very different.
People were getting laid off.
People felt that there was problems in the economy.
Real estate was starting to tank.
People were starting to leave their homes because they got variable rate mortgages and people felt it.
I think this time around with what they're doing, and again, they're crashing the system.
They're trying to bring us into the great reset.
People feel a little bit more.
Back then, we still had inflation, but not like we have inflation today.
People really can see this and feel this today.
And people are recognizing there are major, major problems in the economy, specifically So this time around, I do believe it's a lot worse.
People can recognize it a lot easier.
And I do believe Trump and the Patriots, they sped up the plan so people can see it and they understand it.
Because if we're going to move away from the private with the central bank, if we're going to put the economy on the right path, the people must understand who the liars are.
Who's been telling them that everything's fine when it really isn't?
And when you look at the polls, people are getting it.
They're understanding.
They're not paying attention.
Oh look, the statistical numbers must be great.
It must be just a fluke that I got laid off, and my neighbor got laid off, and my other neighbor got laid off.
So people are really getting it.
In the end, with everything that's happening, they're going to understand.
Because remember, as we approach the presidential election, Biden, the Fed, they're going to tell everyone it's great.
At that point, as we get closer, probably August, September, very close to October, the economy is really going to be imploding on itself.
And they're going to try to convince everyone, no, no, no, no, don't believe what you're seeing.
Don't believe what you're feeling.
Don't believe that you got laid off.
The economy is actually doing well.
And that's why we're going to cut rates.
And I'm going to prove to you that the economy is doing well.
And that's when everything starts to fall apart.
Now people can look at it one or two ways.
The Fed, Biden, they have no clue what they're doing or they lie to the American people.
No matter which way you look at it, they lose.
And Trump then has the ability to actually step in and show the people We can rebuild this.
Everything that he did, everything that he pushed, was the opposite of what I did when I was in the White House.
And people are going to say, fix it.
Let's do it.
And I do believe at that point he'll be able to go after the Central Bank, he'll be able to make the case.
I don't believe it's going to be him alone.
I do believe the House and many others are going to be looking into what has been going on.
And I do believe this will be the beginning of the downfall of the private Western Central Bank system.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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