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June 9, 2024 - X22 Report
18:00
Ep. 3374a - It’s Looking A Lot Like 2008, Gold Overtakes Euro In Global International Reserves
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I I I I I I I I I I I I I I You're listening to The X-22 Report.
My name is Dave and this is episode 3374A and today's date is June 9th, 2024.
And the title of the episode is, It's Looking a Lot Like 2008, Gold Overtakes Euro in Global International Reserves.
Let's talk about protecting our wealth.
Gold has been on an unstoppable run.
It has gone up more than 81% in the last five years and almost 20% in the last 12 months.
It is happening.
Central banks are ditching the dollar and U.S.
Treasuries and buying more gold.
The good news?
It is predicted to go up more.
UBS even said it would go up to $5,000.
Noble Gold Investments' phone has been ringing nonstop.
Everyone wants to protect their retirement with gold.
And you can do the same.
Noble Gold Investments can help you secure some gold to protect your future.
From day one, you work with this 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 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.
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, everything that they are doing right now, the people, they can see it very very clearly.
And I do believe Trump and the patriots, they have completely and utterly turned the tables on them.
Because remember going back in time when Obama was beginning his insurgency by Coming into the White House he needed a way to get in there and I do believe they use the economy to do this and this is why they crashed the economy right before the presidential election because you have one side which was the Republicans they were all saying hey you know something the economy is great everything looks great McCain was saying it's perfect Obama on the other side was saying no the economy is in really bad shape now the only way to prove it to the people
That the economy was really bad was to actually have the economy crash.
Now, remember, all the numbers and everything the Fed was doing, everything that they were doing, it always looked fantastic.
The economy looked absolutely great.
But again, the internals didn't look like that.
The people realized there were problems.
But again, the people, they were watching the fake news and they were believing that everything was fine with the economy.
Except, of course, those people that got laid off and those people that were finding it very hard to make ends meet.
Now, fast forward to right now, what's happening?
It looks like Trump and the Patriots, they have now turned this around on them and this is 2008.
For them.
And they're out there saying the economy is great.
They're manipulating the statistical numbers and they're trying to convince everyone that everything is fantastic.
And the way to convince everyone is to have the Fed to cut the rate right before the elections, which means everything is going to start to fall apart.
And I do believe the market's going to come down because that is the only thing that wakes people up.
And Trump, he's going to be continually telling everyone that the economy is bad.
We are going into a depression.
The recession is a nice word.
And when the market comes down, What do you think people are going to do?
They're going to look at Trump going, OK, he knows what he's talking about.
Biden, the Fed, the rest, they've been lying to us.
The economy is not strong.
It's not great.
And I do believe that is where we're heading.
But again, there are countries right now they are preparing and they're getting ready for what is coming.
And I do believe, since the resident is in the White House, this has forced a lot of countries to move away from the Federal Reserve note.
And I do believe this is part of the plan to have countries go back to their national currency, go back to gold, maybe even use Bitcoin, anything outside of the private West Central Bank system.
And we can see that this is definitely happening.
There are more countries now holding gold than actual euros.
We'll be talking about that in just a sec.
But you can see the deep state players, they're gonna continually push their idea because they need to keep going.
They mentioned that they're bringing us into the Great Reset, the Green News scam back in 2020.
So can they stop?
No, they have to continue.
They never thought that their plan would be countered where people would be awake, but they put everything into motion so they can't stop it.
So Joe Biden, he's continually pushing the agenda.
Newsom is continually pushing the agenda.
Hochul is continually pushing the agenda.
They have to.
And what's very interesting is they like to do it in a very sneaky way where it doesn't look like they're really doing anything, but they really are.
And when you look at the EVs, they've been pushing EVs quite a bit.
And what they're trying to do is they're trying to force people into EVs.
And what they're doing now is the Transportation Department, they have issued a mandate for automakers to squeeze another 16 miles per gallon out of their cars to remain in business.
At the same time, they must double the fuel efficiency of their trucks.
Now, this is their latest push to ensure all Americans have no choice but to use electric vehicles by 2032.
So, they're going to push the automakers into this, and if they can't do it, well, then you can't make a car, you gotta go into an EV.
This is how they try to do this, and this is how they try to trick the people like they're really not doing anything, but that's exactly what they're doing.
And remember, Biden, he has billions of dollars and he's not really building any chargers.
There's none out there whatsoever.
And where do you think all this money's going?
Not to that.
There are money laundering at someplace else and most likely they don't have the money to build chargers.
So what they're going to say is, we need more money to build the chargers.
Well, I don't think the people are going to go along with this because the people, they're rejecting the EVs.
There's no demand for it?
Yes.
Is an electric car okay?
Of course it is.
Should it be your only choice?
No, it shouldn't.
People should have the choice of choosing, you know, I would like an EV or I would like a gas-powered car.
And if you're just trying to force everyone into one thing, it's not going to work, especially coming from the government, because who believes the government?
What's very interesting is that Biden, he's continually trying to take credit for everything that Trump has done.
And the latest thing is insulin pricing.
And if you go back in time, you have to remember, Trump, he actually cut the insulin pricing.
And Biden's trying to make it seem like he's the one who did it.
Trump, you put this out on Truth.
He said, low insulin pricing was gotten for millions of Americans by me and the Trump administration, not by crooked Joe Biden.
He had nothing to do with it.
It was all done long before he so sadly entered office.
All he does is try to take credit for things done by others.
In this case, me.
And he's absolutely right if you go back in time.
Trump is the one who actually slashed insulin prices to make it easier for people to afford it.
Because remember, we are in a Private Western Central Bank illusionary economy.
And the Private Western Central Bank doesn't work actually for the people.
It actually enslaves the people and they have to work harder and harder as time goes by.
And all these Band-Aid fix of, oh, let's raise the minimum wage.
Well, that's not going to fix the problem.
Actually, most of the time it hurts the problem, because when you're in a central bank illusionary economy, it's a death spiral and it just gets worse and worse and worse.
And that's exactly what we're seeing.
We're seeing everyone struggle.
We're seeing people say, I can't do this anymore.
I'm not making enough money.
And when businesses are forced to pay them more, what do you think businesses end up doing?
We've seen it before.
They lay off people.
They have one person doing the job of two or they get rid of the employees and they use electronic means or they go out and they outsource to other countries and you're looking at a person on a video screen.
And this is exactly what happened out in California.
Everyone was cheering.
Oh, this is incredible that we're going to raise the minimum wage to $20.
It's going to be great.
And restaurants across the state of California, they have cut at least 10,000 jobs since they raised the minimum wage.
It's a band-aid fix, it never works, it will never ever work.
The only way to solve this problem is to get rid of the Private What's Essential Bank once and for all.
And if you don't get rid of the Private What's Essential Bank, you will always have this problem.
Because again, this is a private corporation, they're loaning the money to the public, and it's a death spiral.
And no matter what you do, it will never ever work.
Just go back in time.
We started out with the minimum wage, then they had to raise it to 5, then they raised it to 7, then 15, then 20.
When will it end?
When it's $100 an hour?
No, the system is designed to break down.
The system doesn't work, and this is why they have to manipulate the numbers.
Let's talk about protecting our wealth.
Gold has been on an unstoppable run.
It has gone up more than 81% in the last five years and almost 20% in the last 12 months.
It is happening.
Central banks are ditching the dollar and U.S.
Treasuries and buying more gold.
The good news?
It is predicted to go up more.
UBS even said it would go up to $5,000.
Noble Gold Investments' phone has been ringing nonstop.
Everyone wants to protect their retirement with gold.
And you can do the same.
Noble Gold Investments can help you secure some gold to protect your future.
From day one, you work with this 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 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.
To convince you that everything is okay.
And that's what they've been doing for a very long time.
And when you look at the job numbers, it's one gigantic manipulation to make you think that everyone's got a job and everything is fantastic.
The Gobisi letter on X put this out and said, you can't make this up.
The difference between the headline numbers and the household survey hit 4.1 million in May, the largest difference in history.
The household survey is important because workers are only counted once, even if they hold more than one job.
This data shows that over the last six months, One million Americans have become unemployed.
The number of people working multiple jobs in the U.S.
hit a near record 8.4 million in May of 2024.
Many Americans are now working multiple jobs in an effort to fight inflation.
How is this a strong economy?
And we continue to see pockets of weakness in the labor market data.
This explains why there is such a large gap between headline numbers and reality.
And over 50% of Americans currently believe we are in a recession.
They happen to be absolutely right.
And that's exactly what's happening.
But we're starting to see the same problems that we had back in 2008, especially when you look at real estate.
The GOBC letter again on X put this out and said, 6.4% of home sellers cut their asking price over the last four weeks, the most in 18 months, and second highest since 2021.
Only October and November 2022 saw a larger percentage of price reductions.
By comparison, in June 2023 and 2022, price reductions were only 4.4% and 3.9% respectively.
As a result, the median asking price declined approximately $3,000 to $416,623 in the last week.
First drop in six months, according to Redfin.
Meanwhile, pending home U.S. sales dropped to their lowest level since 2020.
Is the U.S. housing market starting to crack?
Of course it is.
And we saw this back in 2008, 2009.
All of a sudden, the market started to fall.
People were trying to sell their homes.
And every time they put their price up, the prices moved down.
And people were chasing the price.
And it was falling a lot faster than they can keep up and lowering the prices.
And what happened?
The real estate market started to implode on itself.
And that's exactly what we're seeing today.
We're seeing the entire market go through the same exact thing that we saw back in 2008.
And I do believe as we get closer and closer to the presidential election, it's going to get worse.
Remember, usually the summer months are a boom to real estate.
This is when people move.
They say, OK, you know something?
We're going to make the move in the summer because our children, they don't have school.
So we can make that move.
It's warm out.
It makes it a lot easier for moving.
And this is what people do to prep and get prepared for the new school year.
We're not seeing this whatsoever.
And it's getting worse and worse as time goes on.
And I do believe we're going to see the same exact thing as 2008-2009.
I do believe we're already mimicking it right now.
And what's very interesting is we're starting to see that there are countries now moving away from their reserve currency.
And we see a lot of the BRIC nations are doing this.
They're moving to their national currency.
Basically bringing on more gold because, again, in the end, the whole entire mission is to remove the Private West Central Bank system.
And the only way to do that is to decentralize.
And I do believe this is exactly what we're starting to see.
We're starting to see the BRIC nations using their own payment system, which means they're not using the Private West Central Bank SWIFT system.
We're starting to see countries move into Bitcoin.
Countries, they're ramping up on gold.
And in the end, this is going to make it a lot easier to move away from the private Western Central Bank system.
And when you look at fiat currency, what do you see?
You see a lot of banks, they are now, or governments, they are now removing their fiat currency and they're taking on gold.
And gold has overtaken the euro in global international reserves.
And by the end of 2023, gold surpassed the euro and actually the next fiat currency to be challenged is the US dollar.
And I do believe this is going to continue.
Because what are people seeing?
They're seeing the system break down.
They're realizing that the Private West Central Bank system doesn't work and now they're protecting themselves.
And we can see that this is going to be very, very difficult for the Private West Central Bank system because they want to bring us into a central bank digital currency.
And if the U.S.
doesn't follow through on this, this is going to be a major, major problem for them.
Yes, they can do it in other countries.
They did this with the COVID vaccine passport.
But how did that work out?
When they tried to implement it here in the United States, it was shot down and then everything was reversed worldwide.
Yes, they can try the central bank digital currency in all the different countries, but again, if they can't move it here to the United States, it all falls apart.
And already, we know from President Trump, he's already said, no, there's going to be no central bank digital currency.
We already know there's legislation in the House that already passed that says, no, no central bank digital currency.
And to bring on a new currency, which it is, it's a new currency, you need the You need Congress to vote for it.
And this is not going to work.
And what's very interesting, and we've known this, Trump, he is now in on cryptocurrency.
Actually, if you look, the left is completely against it.
You look at the central bank, they're completely against it.
You look at Joe Biden, he's completely against it.
You look at the SEC chairman, Gary Gensler, he's completely against it.
Maxine Waters, Brad Sherman, Elizabeth Warren, and the list can go on and on and on.
Why are they completely against it?
Well, once again, they're in line with the private Western Central Bank system.
Who is for crypto, which is very interesting, that would be Trump.
And now he's getting Silicon Valley on his side.
And he says he is the crypto president so everyone else on the left is rejecting it.
Trump is embracing it and now he's getting Silicon Valley and they're warming up to him and I do believe this is an incredible strategy and I do believe this is needed as we go forward because again what's going to happen When the central bank system completely implodes, we're going to have to go back to the Constitution.
We're going to have to have certain mechanisms in place.
And I do believe as we go back to the Constitution, we're going to be going back to sound money.
And are we going to need our national currency and we're going to need a currency that we can trade amongst other nations?
I do believe so.
And if the Private West Central Bank system is destroyed, can we move into something different?
I think we can.
And I think everything is being prepped for this.
I know a lot of people say, well, it's very, very difficult to do this.
Well, if you look back in time, the Private West Central Bank has done this many, many times.
They brought us into many different currencies.
I mean, just look here in the United States.
Before 1913 we had a different currency.
After 1913 we had a central bank currency.
After World War II we became the reserve currency.
Still pegged to gold.
1971 we came off of gold and we went full fiat.
So we changed multiple times.
So why is it so difficult to go back to the Constitution?
To move out of the private west central bank system?
It really isn't.
And I do believe this can be done very very easily and I do believe we're seeing it done and I think in the end the Private West Central Bank is going to cease to exist the way we know it today.
Yes we still have central banks but there's a difference between a central bank and a Private West Central Bank.
A Private West Central Bank is a separate corporation owned by others not we the people.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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