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June 18, 2024 - X22 Report
21:03
Ep. 3381a - Gov Pushed EV’s, Now They Are Going Bankrupt, [JB] Ready To Drain SPR, Rate Cut
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Hi and welcome to the game.
You're listening to The X-22 Report.
My name is Dave and this is episode 3381A and today's date is June 18th, 2024.
And the title of the episode is Government Pushed EVs Now They're Going Bankrupt?
Joe Biden Ready to Drain the Strategic Petroleum Reserve?
Rate Cut!
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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, they've been pushing their green new scam on we the people and the people they're not accepting it.
Think about it.
Joe Biden, his entire swamp, the World Economic Forum, they've been pushing EVs on the people and they've been Basically subsidizing them, helping them out, trying to get the people to accept these EVs.
But again, the people weren't demanding it.
The people weren't walking around going, you know what I need right now?
I really need an expensive EV.
And they pushed it on the people and the people said, absolutely not.
I am not buying one of these.
This is not going to be my automobile.
Maybe I'll have it as a second, maybe, but it's not going to be my primary vehicle that I use every single day.
Number one, it's because I need to charge it up.
Number two, where are the chargers?
Number three, it takes way too long to charge these vehicles up.
So the people, they decided, you know what?
Yeah, I might get one that I could use around town, but my primary vehicle is going to be gas-powered.
Many other people said, I will only have gas-powered vehicles.
And this is why there are so many EV startups completely failing.
Because the demand wasn't there whatsoever.
The government made up the demand.
And the latest EV manufacturer is Fisker.
Fisker filed for Chapter 11 bankruptcy after trying and failing to secure more investment to stay afloat.
The company once attracted robust interest and hype, marketing itself as the Apple of vehicles, but it struggled to run a public company and was stuck with thousands of EVs that it did not sell.
Fisker raised about $1 billion from various investors, but it ran through most of its cash before defaulting on the debt payment to one of its leading investors.
And you can see the people, they just didn't want the vehicle.
They don't want the EVs.
Actually, I heard Mercedes now, they're now backtracking on their EVs.
Because the people, they know what these automobiles are about.
They know They don't work the way they're advertised, especially in the cold weather.
Now, there's nothing wrong with an EV, but I don't believe we should be pushed into an EV and this is the only vehicle that we're allowed to purchase.
If people would like an EV, that's fine.
If you want a gas-powered car, that's fine too.
But I do believe we're going to see a lot more of these companies completely and utterly fail.
Because the Green New Scam has failed.
The people aren't buying what they're selling.
And actually, the people aren't buying the narrative that the economy is great.
Now again, The Biden administration, they're going to keep this up.
They're going to continually try to convince everyone that everything is fantastic.
But when you take a look around, you can see things are completely imploding on themselves.
There are a lot of store closures.
Actually, the latest is Pizza Hut.
They're closing 15 locations amid a major franchise dispute.
And the root of the issue lies in the contractual disagreement and financial strain between Pizza Hut and Texas-based EYM Group, which operates multiple restaurants Brands nationwide.
And according to the court records, the franchise defaulted on its payment to Pizza Hut, failing to pay $3 million owed in late 2022 and $2.6 million owed in 2023.
EYM Group has been seeking to sell its Pizza Hut restaurants, citing inflation, labor costs and lack of innovation.
So we can see it's not just Pizza Hut, but there's many, many other different businesses that are now hurting.
And when you look at the U.S.
retail sales, they have come in way below expectations.
And there's a lot of people out there that aren't purchasing.
They're not filling up their car because it's just too expensive.
And as we move forward, you can see what Biden has to do.
They need to manipulate the inflation calculation.
They need to use the strategic petroleum reserve to bring inflation down so they can have a rate cut.
And this is exactly what they're planning to do.
We'll be talking about that in just a sec.
But first, Let's take a look at what Biden now is trying to convince everyone of.
He's trying to convince everyone that Trump is going to cut your Social Security.
Trump is going to get rid of Medicare and Medicaid and everything else.
And once again, this is false.
Basically what the deep state wants to do They're the ones who want to actually cut and get rid of this.
And when you look at Biden-Harris headquarters that put this out, it says, Trump's project 2025 planners announce they will go after Social Security in a second Trump term.
They're pointing to an article from Heritage Foundation that says, yes, the Social Security retirement age should be raised.
If Congress does nothing, benefits will be cut by 21 percent across the board beginning in 2033.
Richard Stern responded to this and said, if you actually read the post, your quote posting, you would see that Biden's plan is to cut benefits by 21% in 2033.
And that's exactly what they're planning to do.
Why?
Because there's just no funds.
And actually, when they bring us into the Great Reset, the Green New Scam, it's a completely different system.
And they're going to be controlling the people with this system.
But once again, you could see the Deep State players, the Central Bank, the World Economic Forum, they need a way to convince the people that the economy is working and it's working great.
And the only way to do this is, yes, they can come out and say everything is great, they can give us statistical information, but they want the last part of their plan to be the Fed.
Where they're supposed to be independent, which they're really not.
They want them to come out and say, yes, what Biden did work and this is why we can cut the rates.
So Biden, he is going to use the strategic petroleum reserves.
And he's going to use it to lower the fuel prices.
So the Biden administration energy advisor suggested gas prices are still too high for many in the country and said he favors taking action to cut them down a little bit further.
We will do everything we can to make sure that the market is supplied well enough to ensure a low price as possible for American consumers.
And this is coming from Special Presidential Coordinator for Global Infrastructure and Energy Security Amos Hochstein.
And they're going to use the Strategic Petroleum Reserve, and he's been using this before, the Biden administration has been using this before, to lower the fuel prices.
And if you lower the fuel prices, what does this do?
Well, if you lower the fuel prices, this slows down inflation.
It doesn't get rid of inflation.
Inflation is here if you have the central bank system.
It's cumulative, it doesn't go away.
You can make it speed up, you can slow it down.
But the prices that are set right now because the value of the currency has declined, that doesn't go away.
So what Biden's going to do, he's going to use this to slow down the inflation, he also removed coffee from the calculation, and they're going to use this to convince the Fed that the economy is right on track, what he's doing is working, and the Fed is going to come out and say inflation It's very close to our two percent mark and maybe they're going to raise it to 2.6, 2.8 and now we can think about having a rate cut.
It looks like we're going to do it and I do believe this is going to happen right before the presidential election.
Now once again they're not going to fill up the strategic petroleum reserve.
They've been telling everyone they're going to do it.
Why?
Because it's just too expensive.
The cost of Fuel, oil, is just too expensive.
Even if they lower with the Strategic Petroleum Reserve, the prices are really lowered.
It's an illusion.
It's a temporary illusion where they can convince the Fed to basically cut the rates and that's their entire plan.
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Very, very close to the presidential election.
And when you hear all the economists on board that the economy is great and we're gonna have a soft landing, that should tell you everything you need to know.
Actually, if you go back to 2008-2009, They were all saying the same exact thing.
They're all out there saying everything is fine, the economy is great, look at the numbers, look at the numbers.
You see, they want you to look at their fake numbers and that's how they're trying to convince you that everything is great.
But when you look at reality and you start to look at how they manipulate the numbers and you actually go out and spend your money and you fill up your car and you buy food and you see people being laid off, that tells you a completely different story.
But you can see, They're all prepared and ready to say and convince everyone for the presidential election that everything is great.
The Kobesi Letter on X put this out and said, 88% of economists believe the U.S.
economy is heading for a soft landing in the next 12 months.
Only one economist out of 43 surveyed by Bloomberg expects a recession in the U.S.
By comparison, 10% of polled economists expect a hard landing but not a downturn.
This comes as the Fed has been projecting a soft landing since July 2023.
Meanwhile, 56% of Americans currently believe the economy is in a recession.
Can the Fed achieve a soft landing still?
No, they can't because everything that they're looking at is manipulated.
It's not real.
And again, they brought everyone on board.
It's almost like the 51 intelligence clowns that said the Hunter Biden laptop was Russian disinformation.
Now they have 88% of economists telling everyone that everything is great.
We're going to come in for a nice soft landing and everything will be fine.
Well, we know that is not going to happen.
And we know and we could see what they're planning to do.
And you can see the stock market is propped up.
They're spending, they're using a lot of currency that they have stored away.
They're using foreign investments and they're trying to keep the market propped up as long as possible.
The Copisi letter again on next put the sentence that foreign holdings of U.S.
stocks have reached an all-time high allocation of approximately 60%.
In four years, the percentage has increased approximately 15% and exceeds 2,000 dot-com bubble levels.
Since 2009, foreign holdings of U.S.
equities has doubled.
During this time, the S&P 500 has been a 695% rally, while the NASDAQ 100 has skyrocketed by 1,729%.
By comparison, the MSCI World X USA Index has risen only 140%.
Foreign investors are piling into the US markets.
Well, they need these foreign investors to do what?
To keep everything afloat.
But it's not going to work in the end, because the money's going to dry up.
The money that they're pumping into it is going to dry up.
And yes, we're going to see a downturn.
Plus, when the Fed decides to cut rates, well, the economy has already been tipped over the ledge.
They're just preparing and getting ready.
And we know what's going to happen next.
And I do believe people are going to see a huge dip.
Now, this is when Trump and the Patriots are going to use the narrative, hey, If you elect Biden, the market is going to crash.
He said this before.
What happens right before the election?
What happens when we see the market take a dip?
5,000, 10,000 points.
It goes down.
Yes, people are going to be panicked.
Everyone's going to be scared.
And then it goes right back up.
Because again, dead cat bounce.
Are people going to go, okay, what's going on here?
They told us everything is fine.
Now again, Biden is going to tell everyone that everything is great.
Don't worry.
Everything is okay.
Just an anomaly.
Don't worry about it.
Then what happens if it comes out again, another five points and a start 5,000 points and it starts to fall.
Will people be very, very nervous?
I do believe they will.
And the people are going to see that there's problems in the economy and people are going to be afraid.
And what is Trump going to do?
Most likely, he's going to say, listen, if you don't want the market to crash, I would vote for me because we'll make sure that the market doesn't crash.
Now, I think people are going to look at this and they'll see war being built.
They're going to say, OK, you know something?
Biden is telling us everything's OK.
I don't believe him.
And I think there's going to be a lot of people that do not believe him.
And I do believe that's when we're going to see the system completely and utterly collapse.
And actually, when you look at the private West Central Bank system, it's one gigantic social economic system.
And this is why we have social security.
This is why we see what's happening today.
Because when you actually look at the entire system, The bottom 20% of income earners do almost no work, do not pay taxes and receive government aid.
The next lowest 20% pay minimal taxes but also receive government support.
This is the way the deep state players actually wanted it.
They wanted people to rely on the government.
They wanted others to pay for these people because again if you're relying on the government you will do what the government says and if you set up a criminal syndicate and you have a central bank system You just tell the people what you want them to do.
And this is a gigantic socialized system that we're in today.
And I do believe we're going to be breaking free of this system and we're going to be heading in a completely different direction where everyone will have the ability to make it in this economy.
Because again, you have to remember the private West Central Bank system in the very beginning, yes, it's like a drug.
People see the inflation.
Oh, I'm making more money.
My house went up.
Everything is fantastic.
At the end of the system, this is when it really breaks down.
But in between that period, from the beginning to the end, they need to put a lot of people on government support.
Because a lot of individuals, they cannot make it in this system.
And it's millions of people that can't make it on this system.
And they know that this is going to happen.
But it's part of their plan to actually control you.
Now they want to take this and they want to expand this and actually have everyone controlled.
Now, in the end, this is not going to work.
It's not going to work at all.
And think about what Trump and the Patriots have been saying.
They're going to get rid of federal income tax.
And I do believe this is the beginning of the narrative to get rid of the private West Central Bank system.
And he also mentioned that we're not going to tax the tips.
So a lot of people are going to be hearing this.
And those people that are paying taxes, those people that are struggling, these people are going to say, you know something, if I had this money in my pocket, things would be a lot better.
And I do believe Trump is beginning the narrative in all of this to convince the people that, yes, to get rid of the federal income tax, to get rid of taxes on tips, what do we got to do?
We need to get rid of the Federal Reserve.
And remember, going back in time, he even mentions about auditing the Fed.
So I do believe when this entire system implodes, Trump will have the leverage and the ability to show the people this is what we must do in order to Have no federal income tax in order to not have taxes on our tips in order to fund the government.
These are the things that we need to do.
We need to get rid of the Federal Reserve.
We need to restructure it.
We need to create our own currency.
We need to go back to the Constitution.
We need to collect tariffs from other countries.
to pay for government.
But if we do this, we need to shrink government a lot, just like Malay has been doing out in Argentina.
And for those people that are saying it's completely impossible, no, it's not.
Most of the individuals in government today, it is so bloated, we don't need most of these individuals.
And the departments that they set up, we don't need.
We don't need these departments that control we the people.
That's what they're set up to do.
They're set up to centralize everything to control the people.
And yes, we can cut all of this.
And I do believe this is what is being built right now.
And this is the trajectory that we're heading in.
And we could see that there are more and more states now.
They're pursuing Bitcoin, pursuing gold.
They're going against the central bank digital currency.
The latest state is Idaho.
The Idaho Republican Party will pursue Bitcoin policy and oppose the creation of the central bank digital currency.
So we already have a bill in Congress.
Trump is already against the central bank digital currency.
And we can see that the central bank, the World Economic Forum, the deep state players, they're going to be trapped in their entire push to bring us to their new system because they will not be able to get this off the ground.
And Trump, he will turn the tables on them and use all of this against them because the people have been listening to Biden.
The people have been listening to the Fed telling us that we're coming for a soft landing.
The economists have been telling us that everything is great.
And when everything falls apart, who are they going to believe?
They're going to believe Trump.
And this will make it a lot easier for we, the people, to move away from the Private West Central Bank.
And I do believe this is exactly where we're headed.
And I do believe the people will be all in on what Trump needs and wants to do.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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