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July 6, 2024 - X22 Report
20:46
Ep. 3395a - Right On Schedule, Bitcoin Takes A Hit, Fed In Holding Pattern, We Are In A Recession
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I
I'm a fan of the show.
You're listening to The X-22 Report.
My name is Dave, and this episode, 3,395 AM.
Today's date is July 6th, 2024, and the title of the episode is, right on schedule, Bitcoin takes a hit.
Fed and holding pattern, we are in a recession.
Let's talk about protecting our wealth.
Are you worried about the future of the U.S.
economy?
With so much uncertainty in the air, it's natural to fret about the security of your retirement savings.
But there's one asset that stands the test of time, and that is gold.
For centuries, gold has been a hedge against market volatility and economic instability.
With a gold IRA from Noble Gold Investments, you can harness the power of precious metals to help protect your financial future.
By rolling over your existing IRA or 401k into a self-directed gold IRA, you can enjoy the potential for long-term growth and stability.
Diversify your portfolio with a tangible asset that has real value.
Setting up your gold IRA has never been easier with Noble Gold Investments.
Streamline process and expert guidance.
This election year, don't let election volatility and uncertainty keep you up at night.
Vote for the timeless safety of gold and silver in 2024.
Noble Gold Investments will give you up to 10 one-ounce silver Trump coins or a 10-ounce silver American flag bar if you open a qualified account.
Go to x22gold.com.
That's x22gold.com or click the link in the description.
And remember, there's always a risk of investment and there's no guarantee of any kind.
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 are completely right on schedule.
Remember Mt.
Gox where they're going to release the bitcoins to the people and we said that the Price of Bitcoin was going to go down right before the presidential election.
I do believe what they're going to try to do is they're going to try to keep Bitcoin as low as possible because again you have to remember what is at stake here.
We are heading into the presidential election.
The Biden administration, the Central Bank, the World Economic Forum, their entire mission is to convince you, and of course lie to the people, that the economy is doing absolutely fantastic.
So, to prove that the economy is great and the fiat currency is strong, what do you need to do?
You need to make sure that the other alternative currencies do not move up.
You need to manipulate the statistical numbers.
You need the Fed to say everything is great and the only way they can convince the American people and the world that everything is great is to cut their rates.
We already had the EU cut their rates, we had the Central Bank of Canada cut their rates, and right now the Fed is in a holding pattern.
They are preparing and getting ready to cut the rates, but they don't want to do it too soon.
They want to do it very, very close to the presidential election because they need that entire narrative going into the last couple of months to show everyone that Bidenamics has worked and we're on the right track.
Actually, we're not on the right track.
We're heading in the completely wrong direction.
And we could see by the unemployment numbers right now that we are definitely in a recession.
They have been manipulating the unemployment so much that they don't even make sense anymore.
Now we'll be talking about that.
in just a sec but before we get to all that we could see the deep state players they've been gaslighting us for a long time now because they're trying to convince us That everything that they want to do is going to help the Earth.
Keep the Earth green.
But in reality what they're doing is they're making everyone sacrifice while they keep everything.
Everyone will be using electric planes.
They'll be using gas-powered planes.
Everyone will be driving EVs.
They'll be using gas-powered cars.
Everyone will be living in tiny little cities and electric will be generated by solar and wind.
And the elite, they will use gas-powered Power generation.
So everything will be completely opposite.
Even with the food, the people will be eating bugs, they will be eating actual meat, chicken, real vegetables.
This is the way the Deep State, the Central Bank, the World Economic Forum, this is the way they want it.
They want the people to sacrifice while they keep everything.
And this is what they've been trying to do.
I mean just look for example at NPR.
They're trying to convince us that it's a right-wing conspiracy, that the World Economic Forum, the Central Bank, and the fake news has been pushing bugs.
So if we go back to 2013, NPR said, maybe it's time to swap burgers for bugs, says UN.
In September 14, 2017, NPR says, at bug-eating festival, kids crunched down on the food of the future.
July 16, 2018?
Your ancestors probably ate insects, so what's bugging you?
July 19th, 2023, this right wing conspiracy theory about eating bugs is about as racist as you think.
So think about this for a second.
Think about what they've been doing.
They've been gaslighting the people for a very long time because they had an agenda.
They wanted people getting used to eating bugs and they've been trying to push people in eating bugs.
And of course, when the conspiracy theorists, which means the truth tellers, when they come out and tell you that this is what's happening, They don't like that.
And they try to push back on it and say, oh, you're crazy.
But everyone's starting to realize that the conspiracy theorists, they've been telling the truth for a very, very long time.
I mean, just look at the unemployment numbers.
These have been revised multiple times.
Enwoke just put this out and said, whoops, turns out the Biden-Harris administration overinflated the last two employment reports by 110,000 jobs.
May jobs, 272,000 reported.
Actual number is 218.
April jobs, 165,000 reported.
Actual number is 108.
The initial number gets the headline.
The revised number gets a footnote.
That's why this keeps happening.
And if you keep revising this number and you keep manipulating the numbers, these numbers eventually do not make sense.
The Kobesi letter put this out on X and said, just in case anyone is still keeping track, full-time employment in June actually fell by minus 28,000 workers.
Meanwhile, part-time employment in June jumped by another 50,000 workers.
In May, full-time employment actually fell by a whopping 625,000 workers.
Meanwhile, part-time employment rose by 286,000 workers in May.
All while the unemployment rate now is up from 3.4% to 4.1% in just over a year.
The reality is that a record number of people are working multiple jobs to fight inflation.
How is this a strong economy?
It is not.
And when you start to look at the employment numbers, when you look at the revisions, and when you look at what's happening right now, all the manipulation, because remember, those people that can't make ends meet and they have two jobs, they're actually reporting it as, hey, look how many jobs we have.
No, one person has two jobs to get the same amount of money to make ends meet as the one job the person had.
So when you actually look at the U3 unemployment rate, which increased to 4.1% in June, this uptick has now triggered the SAM rule, a real-time recession indicator suggesting that the U.S.
economy is in or nearing a recession.
Now I do believe that we're already in the recession because you have to remember these numbers have been manipulated.
Inflation has been manipulated.
GDP has been manipulated.
So what does that really mean?
That means we're really in an inflation.
So the SAM rule was developed by a former Fed economist, Claudia Sam, and is designed to identify the start of a recession using changes in the total unemployment rate.
According to the rule, Recession is underway if the three-month moving average of the national unemployment rate rises by .50 percentage points or more, relative to its low during the previous 12 months.
With the June 2024 U3 rate at 4.1%, the average of the last three months being 4%, and the lowest 12-month rate of 3.5% in July 2023, this criterion has been met.
And when you look at the graph, and when you look at it, We are definitely in a recession and I do believe that in time The deep state players, the fake news, the economists, they will look back in time and they'll say, Hey, by the way, I didn't know if you know this, but the recession started way, way before 2024.
And I do believe people are going to be shocked.
Just like in 2008, 2009.
What happened?
Everyone saw that the inflation started way before that back in 2007.
This is how they trick the people because they don't want the people to know that there are problems, but people feel it every single day because they understand the real economy because they're living in every single day.
The last signal that there's major, major problems is when the market comes down.
That's when everyone goes, hey, look at this, we're in a recession.
But people along the way, they feel it every single day, just like they're feeling it now.
Now, I mean, think about what's happening now with inflation.
Let's talk about protecting our wealth.
Are you worried about the future of the U.S. economy?
With so much uncertainty in the air, it's natural to fret about the security of your retirement savings.
But there's one asset that stands the test of time, and that is gold.
For centuries, gold has been a hedge against market volatility and economic instability.
With a gold IRA from Noble Gold Investments, you can harness the power of precious metals to help protect your financial future.
By rolling over your existing IRA or 401k into a self-directed gold IRA, you can enjoy the potential for long-term growth and stability.
Diversify your portfolio with a tangible asset that has real value.
Setting up your gold IRA has never been easier with Noble Gold Investments' streamlined process and expert guidance.
This election year, don't let election volatility and uncertainty keep you up at night.
Vote for the timeless safety of gold and silver in 2024.
Noble Gold Investments will give you up to 10 1-ounce Silver Trump Coins or a 10-ounce Silver American Flag Bar if you open a qualified account.
Go to x22gold.com, that's x22gold.com, or click the link in the description.
And remember, there's always a risk of investment and there's no guarantee of any kind.
When people go to the supermarket and pay for food, people realize it.
The food is very, very expensive.
They can't cover this up.
The things that you need every single day, people see it, they understand it, they realize that it's very, very expensive.
And this July 4th, grocery prices are up more than 19%.
And people, they see it, they feel it, they understand it.
So what is Joe Biden doing?
He's going after The food manufacturers.
He's going after the grocery stores.
And he's threatening to jail the grocers to combat inflation.
It's amazing.
They cause the problem.
And then they blame it on everything else.
Oh, it's the oil company.
Oh, it's the food manufacturers.
So let's see.
All these companies, they're just raising the prices just because they want to raise the prices.
And the oil companies are doing, the food stores are doing it, insurance companies are doing it.
Or is it because there's another problem?
Again, we need to go to the source of the problem, but they don't want people looking at the source of the problem.
This is why they deflect and say it's everyone else.
And now you can see the Biden Harris administration.
They are now going after the grocery stores.
They don't like what's happening.
But the other thing that's very interesting as we approach the presidential election, we know the Biden administration, they need to make sure that you Believe that the economy is fine and the fiat currency is the currency of choice.
And they don't want you to see Bitcoin moving up.
They don't want you to see gold moving up.
They don't want you to look at those alternative currencies.
They want you looking at the fiat currency.
Because remember, their entire plan is to bring us into what?
The Great Reset.
The Green News Scam.
So if you're looking at Bitcoin, if you're looking at gold, and you're transitioning into the alternative currencies, this is something they do not want.
So right on schedule, what happened?
Well, Mt.
Gox officially began repaying its debt yesterday.
And all of a sudden, Bitcoin started to move down.
It hit, what, 55,000 points or so.
And This is setting the stage to try to keep Bitcoin under control.
Now, again, do you think they're going to be able to keep Bitcoin under control?
Or do you think Bitcoin is going to start to move up again?
See, they tried to keep gold under control.
And again, they have a lot of years of manipulating gold.
But it's very, very difficult to continually keep gold down.
This is why gold now is over $2,000 an ounce.
Bitcoin, they've tried multiple times to keep Bitcoin down.
Remember when it hit $69,000 a couple years ago?
They brought it all the way down.
I think it was like $9,000 or something like that.
Then Bitcoin went up again.
They brought it back down to $19,000.
Bitcoin hit what?
The high of $72,000.
Now it's around $55,000, $56,000.
They're trying to maintain it because as things get out of whack, as we head into a recession, And the value of the currency continually declines.
They need to make sure that people aren't looking at the alternative currencies.
They want to make sure, just like with gold over the many, many years, they needed to control gold to make sure that you didn't realize that the fiat currency was losing value the way it is.
So what they did was they made sure that gold wouldn't move up.
They needed to keep it at a certain rate, the same thing they're trying to do with Bitcoin.
But again, they don't have the ammunition to keep Bitcoin down and gold.
They're having a very difficult time trying to maintain this gold level because there are other countries out there like China and many others where gold is much, much higher.
So eventually what's going to happen, it's going to be very, very difficult to maintain control.
And remember, I do believe they wanted China to be the next reserve currency, not the United States.
The United States, they were gonna try to make a third world country because they replicated the exchanges, the gold exchanges, the markets, and everything else out in China.
And I do believe what they wanted in the end, they wanted China to be the next reserve currency.
They were gonna have all the markets.
They were gonna control the gold prices.
So right now, you see out in China, gold is detaching from what's happening here in the Western countries and things are very, very different.
Now, they're not just going to make gold go up to $20,000 an ounce.
That would be ridiculous at this point because people would say, well, what's going on right now?
But I think eventually, as everything starts to break down, You're going to see gold start to move up quite quickly because, again, they're bringing this system, their system, down.
I do believe Trump and the Patriots, they wanted them to do this because why would Trump want to bring down the Federal Reserve system?
Why would he want to bring down their entire central bank system that they created?
Let the central banks do it.
The optics are absolutely fantastic.
You can then Use this against them because they will be at their weakest point and then you can move everything away from the private Western Central Bank system.
I do believe this is exactly what Trump and the Patriots have planned.
But as we approach the presidential election, you could see the Federal Reserve, they're setting everything up to actually bring down the system While they try to convince you that the economy is okay.
And this is why the Federal Reserve is in a holding pattern right now until September.
And what they'll continually report is that everything is looking good.
Actually when you look at the Federal Reserve minutes they're reporting that inflation is cooling but more evidence is needed for rate cuts.
So when you look back at the June 11th to 12th Fed meeting they're saying yes it looks like things are under control looks like things are okay and we'll keep watching the inflation we'll keep watching the fuel price we'll keep watching everything now think about what the Biden administration has set up here they released a huge Amount of oil onto the United States and this is going to actually keep the fuel prices steady or maybe have them dip a little bit which will then control inflation.
They remove coffee and they manipulate the calculation for inflation so this will also help the calculation of inflation so when you put all this together what do you get you get inflation cooling.
And inflation is going to continue to cool slowly but surely as we approach September.
You'll see in the July minutes, then the August minutes, they'll report that inflation's getting better.
It's cooling.
It looks pretty good.
It's holding steady.
The Fed will then start to report that they're looking at a rate cut, which they've already said in September.
And they'll build this narrative up.
They'll show you how inflation is cooling.
Probably the Biden administration, they'll dump another Trans of oil onto the market they'll manipulate the calculations as usual and then they'll make the numbers look pretty darn good for September and I do believe probably in September they'll start to cut the rate not by one percent but probably by a quarter or so and they'll convince the world that everything is fantastic.
You see the Biden administration their policies work we cut the rate everything looks great.
Then what will start to happen is we'll start to see a lot of things change in the economy and it'll happen probably very very quickly.
I don't mean the next day but as we approach October you will start to see the market start to fall apart and you will start to see the market start to move down and I do believe we'll probably get a scare probably in October and you'll see the market drop.
People will panic.
And then people will say, OK, look, everything's fine.
The market's going back up and that'll be a dead cat bounce.
And then the market will come down once again in October and people will start to panic and people will start to realize there's problems with the economy.
Now, while this is playing out.
I do believe to cover this up, what are they going to have to do?
They're going to have some type of cyber attack because they're going to have to convince you that the market fell apart, not because of what the Fed did, but because of the cyber attack.
And I do believe they're going to try to make everyone look in a completely and utterly different direction.
Now, many people might believe this, but eventually what's going to happen is when the elections occur, Trump will pretty much shut this down.
Because remember, during the elections, to the run-up of the elections, Trump will congenially say, listen, we're being attacked, war's starting.
We don't have to head into war.
I can have peace.
Now, the central bankers, they don't want peace.
They want war.
War covers up everything that they've done, and it allows them to reset their system.
And when they say great reset, that's what they really mean.
Reset it.
How do they reset it?
Well, when there's death and destruction everywhere and cities are destroyed, they reset it.
They rebuild the way they want it.
They usher in the currency the way they want it.
They control the population the way they want it and actually reduce the population to actually build those cities.
So this is what they mean by the Great Reset.
It doesn't mean just putting, bringing us into the central bank digital currency.
This means resetting everything and covering up everything that they have done.
Trump, on the other hand, is going to counter all of this with peace.
They don't want peace.
They want war.
And Trump knows this.
This is why this has been set up this way.
This is why the plan is bringing us down this path, because this will counter Everything that they're trying to do and it will give Trump ammunition to attack the Federal Reserve and to prove to the people that this is a criminal syndicate and it's always been a criminal syndicate from the very beginning.
Remember, it's a private corporation.
And I do believe Trump and the Patriots, they set it up to counter everything that they're trying to do.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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