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May 24, 2024 - X22 Report
19:20
Ep 3361a - Fake News Begins The Recession Narrative, Biden/Fed Will Make An Economic Move To Counter
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I
I'm going to go to the next episode.
You're listening to The X-22 Report.
My name is Dave and this is episode 3,361.
And today's date is May 24th, 2024.
And the title of the episode is Fake News Begins the Recession Narrative Biden Fed Will Make an Economic Move to Counter.
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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, their entire move to bring us into the Great Reset, the Green New Scam, is completely failing right before their eyes.
The people are awake, the people see what's going on, and the people are not going along with it.
When you push the people to do something, When there's no demand, where the people aren't asking for it, that, almost 100% of the time, usually fails.
Especially when it's coming from the government.
Especially when they're pushing it so hard that they will penalize you.
Just look at the Affordable Care Act.
Remember, that was the same exact thing that you're seeing with the Green New Scam.
They pushed health insurance on the people and if you didn't take it, you were penalized.
You were taxed!
Think about that for a second.
The same thing with the electric vehicles.
They've been pushing this on the American people.
The people said, OK, you know what?
Let's try them out.
Let me purchase them.
Very, very expensive.
But we'll try it out.
And you know what we noticed?
That, hey, they don't go that far.
Takes a long time to charge.
They're not that great.
And the people started to go, you know something?
Maybe this isn't right for us.
Maybe we shouldn't use these right now.
And people started to realize and understand that, hey, if we were going to use electric vehicles, that means we wouldn't be able to travel like we do today.
Actually, if trucks went all electric, planes went all electric.
Yeah, I think everything that we know today would come to an end.
That's why the World Economic Forum was out there letting everyone know, hey, we can make the highways into parks because they were already planning for everyone to stay in the cities.
They didn't plan on people traveling with their electric vehicles.
This was just a step to get everyone away from fossil fuels, to bring the area to where they wanted it to be, where they had complete and utter control.
But when you look at the EV market, it is completely and utterly falling apart.
Electric vehicle maker Lucid Motors, they announced that they'll be laying off staff in a bid to lower expenses amid a slowdown in the market.
Layoffs will affect about 6% of its workforce, equating to around 400 employees.
And we could see that the demand for these vehicles, they have dropped off just like Ford, just like Tesla, just like the rest.
And it's getting worse and worse for the electric.
Vehicle market.
And I do believe that the people, they started to realize that, hey, we can't just go all out in on electric vehicles.
We still have to have fossil fuel type of vehicles.
And this is why Trump has continually said, listen, let the people make their, let them decide, let them choose what they want.
If they want electric vehicle, sure.
Go, go with the electric vehicle.
If you want a gas powered vehicle, let them go gas powered.
But if you notice in the very, very beginning, the Biden administration, they were going all in on EV.
Now only because we're heading towards the presidential election.
Did Biden come out and say, no, you have the choice.
You can pick whatever you want.
Well, think about what he did to the oil industry.
Think about the narrative that they were pushing way before the election.
Look at the actions.
And we know that these individuals, what they do is they tell you what you want to hear during the election.
And then as soon as the election's over, they pretty much go back on their word.
And we've seen this over and over and over.
And when you look at the economy, you can see who the truth tellers are.
You can see who the liars are.
And the economy is just completely and utterly breaking down.
And when you look at durable goods, durable good orders, they suffer yet another downward revision.
Over the last 14 months, durable good orders have been revised lower nine times.
And the downward revisions are considerably larger than the upward revisions.
I think that tells you everything you need to know.
And you can see that with everything that the Deep State is doing, the Central Bank, the World Economic Forum is doing, you can see they're the ones who are creating this problem.
Because again, what are they trying to do?
They're trying to destroy their old system and bring us into their new system, which is the great reset, the central bank digital currency.
But that is completely and utterly failing.
Number one, The people, they see who's causing this problem.
Number two, the House has already voted that we're not going to accept central bank digital currencies.
And this is going to be a major, major problem for Biden, for the central bank, and the World Economic Forum.
But you can see what has been causing the major problems in this country.
The inflation, the high fuel costs, and the economy completely and utterly falling apart.
FX Hedge put this out on X and said, Bidenomics means more spending, which leads to higher deficits, which leads to more inflation.
Which they try to make up with more handouts, but only some people get them, then higher deficits, more inflation, and on and on.
And that's exactly what we're seeing.
It's just getting worse and worse.
And the people, they get it.
The people, remember, they're experiencing this every single day, so they know what's going on.
They know when they're being lied to.
And what's very interesting, there are people out there, they're being interviewed, and they were saying that they were better off when Trump was in the White House.
Take a listen.
Everything is high, everything.
It's totally different than it was four years ago.
It's a lot, everything's more expensive and it's only getting worse.
We're always talking about finances.
I think any married couple will tell you that finances is like the number one conversation.
Even when you go to fast food, who wants to pay $20 for a meal?
And that $20 you can actually go to a store and buy maybe three days worth of food for that.
The inflation really hurt the way the economy is going right now with food costs.
And the people, they're not fooled.
They know because they live it every single day.
And this is backed up by data.
The Kibisi Letter on X put this out and said, New Fed data highlights consumer weakness.
52% of U.S.
adults could not handle a surprise bill of at least 2,000 using savings in 2023, the highest share since 2020.
42% of these people could not even cover a $1,000 surprise expense, according to the Fed's survey.
Shockingly, almost one in five respondents could only afford an expense of below $100.
17% of surveyed Americans also said they did not pay all their bills in full in the month prior to the survey.
Meanwhile, 28% of adults financially struggled last year, the largest share in seven years.
This is why many Americans feel like we are in a recession.
And that's exactly what is happening right now.
We are in a recession and the consumers, they can't take it.
Now, of course, the fake news now is trying to build a narrative of a recession, but they're not actually calling it a full recession.
They're saying it's a selective recession.
We'll be getting to that in just a sec.
But Praying Medic did put out something that's very, very interesting.
He said the FDIC Chair Martin Gruenberg is out, Morgan Stanley Executive Chairman is stepping down, World Economic Forum Klaus Schwab is stepping down, HSBC's Executive Chair Noel Quinn is stepping down, JPMorgan Chase's Jamie Dimon considering retirement.
It's probably nothing.
But I do believe what is happening here is everything is about to change.
And when I say everything is about to change, just look at Argentina.
If Malay can do that out in Argentina, what do you think Trump can do here in the United States?
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.
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I do believe what he's going to do, he's going to use this crisis He's going to use it against the Private West Central Bank, the Deep State players, and he is going to shift everything around and move us away from the Private West Central Bank system.
And the people are going to be with him.
And I do believe we're going to go back to sound money.
And I do believe there's a place for gold.
I do believe there's a place for Bitcoin.
Number one, gold In your vault is a incredible store of wealth.
Bitcoin makes it a lot easier to transact business because you can't really carry gold or silver around with you.
But that actually protects your wealth.
It's been around for thousands upon thousands of years.
And I do believe Bitcoin can be used in all different countries.
It's not controlled by a centralized system.
It's decentralized.
And this way, there can really be no manipulation by a central bank.
If you really think about it in those terms.
But you can see the deep state players, the Central Bank, the World Economic Forum, they don't like Bitcoin.
Bitcoin Magazine put this out and said, UK's oldest news magazine, The Spectator, publishes Bitcoin is now a threat to us all.
Imagine calling Freedom Tech a threat.
It's a threat because they can't control it.
It's a threat because they can't see what you're doing.
It's a threat because it's very, very difficult to tax.
It's a threat because they have no idea what the people are doing.
And that's actually what our founding fathers wanted from the very, very beginning.
They wanted the government to stay out of our business.
They wanted the government to not know what we were doing.
Think about it.
When you were using cash back in the day, did they know what you had?
Did they know where it was being spent?
No, they really didn't.
Especially if you kept it under your mattress or you kept it buried underground or someplace else.
If you didn't put it in the bank, they had no idea what you had.
None at all.
Same thing with gold.
They have no idea what you have if you have gold.
Same thing with Bitcoin.
It's very difficult to find out.
And you could see that this is something they do not like.
They like to know who has their currency.
Remember, it's their currency.
Just look at your pieces of paper.
It says Federal Reserve note on top.
It does not belong to we, the people.
Remember, this is a private corporation.
We are borrowing their currency.
It is their currency.
We are borrowing it and there's interest attached.
There is absolutely no reason for us to borrow currency.
Our founding fathers put it in our constitution.
And you could see what the Deep State, the Central Bank, and World Economic Forum players did.
They decided, you know something, we are not going to allow this to happen.
We're going to introduce a private Western Central Bank.
And this is their third try.
And I do believe it's going to be the third time that the Central Bank is going to be removed.
And we could see it's already started.
Remember, the House already voted For an anti-Central Bank Digital Currency bill.
And remember, this bill says the Fed cannot create a Central Bank Digital Currency.
It also bans the Fed from allowing third-party contractors such as commercial banks or anyone else to create a Central Bank Digital Currency.
So once again, the central bank is blocked from this, and this tells us everything we need to know, that when the crisis hits, the House is not going to go along with what the private West Central Bank system actually wants.
And I do believe that this is the step in the right direction.
Now, I do believe the crisis is also going to bring up the end of the Fed bill.
Because again, most of these bills just sit there unless there's a crisis.
Now, do I think the central bank digital currency is going to pass in the Senate?
Most likely not.
It'd be pretty cool if it did, because that would just pretty much shut it all down.
No matter what happens, they will not be able to do anything.
This first part shows us that the House is resistant to the private Western Central Bank system.
And I do believe when we have the elections and we bring in the patriots into the House, patriots into the Senate, and we have Trump in office, everything is going to change.
Now, we already see there's changes with Bitcoin and cryptocurrency.
Right now, the SEC, they approved a spot Ethereum ETF.
And this is going to be a game changer, just like it was a game changer for Bitcoin.
And I do believe all these alternative currencies like gold, silver, Bitcoin, Ethereum and the rest.
I do believe this is the right direction to move away from the private West Central Bank, especially when the private West Central Bank system and the deep state players hate it.
That's how you know we're heading in the right direction.
And now Trump is accepting Bitcoin for his campaign.
I think that tells you everything you need to know.
But the fake news, they're already building the narrative, letting everyone know that, yes, looks like we're in a recession.
but don't worry, it's very selective.
It's selective because it's only hitting the lower income consumers.
And those people just can't cover the cost of living.
So, otherwise, the economy is fantastic.
Well, when you look at any recession, this is what people feel in the very, very beginning.
It always hits the lower-income people first, and then it spreads.
When you look around back in 2008-2009, it was affecting the lower-income people.
It was people were losing their jobs, people couldn't make ends meet.
Yes, the people that had a lot more money, they didn't really feel it right off the bat.
But as time goes on, people feel it.
Because what happens?
Their businesses start to decline.
Because if you don't have these people Purchasing, doing business, and you're losing your employees and sales are going down, that's when everyone else feels it.
So yes, it starts at the lower level and then it moves up.
And this is what people are experiencing.
And we can see already that they're already building the narrative that, yeah, there could be a recession.
We don't really know.
We've been in a recession for quite a while.
The Biden administration, the central bank, they've been manipulating the data to convince everyone that everything is great.
And this is what the fake news, the financial pundits, this is what they've been following.
Oh, look, and the Fed.
Oh, look, the economy looks great because we're looking at the manipulative statistics.
But when you look at the everyday person and you see what they're going through, it's a very, very different story.
Now, I do believe as the fake news builds this up, Biden, the Fed, they're going to push a countermeasure to show that the economy is doing well.
They already pushed a couple of them.
They're already using the gas reserves to bring the oil, the gas prices down.
They're already manipulating the inflation calculations.
And they will do that through the summer.
And I think their last part of the manipulation is to have a rate cut to convince people that whatever these people are talking about, that we're in a recession, that's fake, phony and false.
Because look, the Fed just agreed that everything's fine.
Inflation's under control.
And we can have a rate cut.
So that tells you that everything is great.
And I do believe this is going to completely and utterly backfire on them.
And in the end, we're going to head into a crisis as we get closer to the presidential election.
I do believe this is probably going to come around October when we see things really start to fall apart.
We might see a couple of things like in September or so.
But I think in October, it's really going to start to fall apart.
And this is when Trump is going to come out and say, hey, I told you the economy's bad.
We can rebuild this.
We got a drill.
We got to reverse everything that Biden did.
He destroyed the economy.
Now, remember, the people, they've been listening to Biden.
They've been listening to his administration.
When the economy falls apart, they're going to realize, I think they already do realize, that they've been lied to this entire time.
And if you've been lied to this entire time, are you going to believe them when the crisis hits?
No, you're not.
And I do believe Trump.
He will then have enough leverage because of the people behind him to move us into a system that has not been seen by the people that are living today.
And when people see it, they're never ever going to forget it.
And they're going to always look back and go, why did we have a central bank?
Why was it this way all those years?
It never had to be this way.
And the people, they're never going to want a central bank again.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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