I listen to Dave at X22 REPORT every day.
He typically puts out two reports daily. And while I’m taking a daily walk on the beach I tune him in. Today’s financial report was of particular interest and import because of the nearly incredible historic drop in oil prices. So I was eager to hear Dave’s take on it. Here’s a transcript of the program. You can also listen to it at
“We are seeing crazy things happen in the market once again. Trump and the Patriots, they’re in complete control of what is going on and we need to step back for a second and understand what Trump is doing here.
“The entire economic system is being transitioned. We’re moving from a central bank system into a people system. Yes he has not changed the currency as of yet, it is not time. Remember, he needs someone in there to restructure the entire system, put us on sound money. Who is that person? I do believe it’s Judy Shelton and she’s going to be the architect of this new sound money system but we need to come off of the Petrodollar.
“We need to change the supply chains and we need to beef up the manufacturing base, the economy of the United States. This is what Trump and the Patriots are doing right now.
“If you look at the oil prices today, they have dropped to the negative territory. What does that mean? Well we know that Trump made a deal with OPEC Plus where Russia Saudi Arabia and other nations have agreed that they would stop pumping, they would hold back.
“Does this take effect right away?
“No, what this means is that the oil price continually drops because we have a glut of oil we have a lot of oil out there. A lot of people aren’t driving right now, not just here in the United States but around the world. What is this doing to the price at the pump?
“Remember Trump, he’s trying to balance everything remember, to keep the energy people employed. He also wants people to have funds in their pockets once we get out of this event. The price at the pump as it drops — this is like a an automatic tax cut where people see ‘Wow! I don’t have to spend as much for fuel anymore! It’s a lot less so I have more money in my pocket and I can go out and I can use it.’
“This is what he’s balanced and remember, the Fiat system that we’re in today, the central bank system that we’re in today, Trump is using all the weapons against them. He can use the Fiat system against the central bank to fund the energy sector while giving people that immediate tax cut.
“Remember, he’s looking to do other things, he’s looking to deregulate a lot more, to cut taxes quite a bit because he understands that he needs to shift this entire system and he needs to help the people while he’s shifting it.
“Now while this is happening and the price of oil is coming down, what happens to the petrodollar that is being destroyed? As we speak, now he’s doing all of this all at once. Now think about this. Since this event started, what has Trump been able to do? He’s been able to show the world that the supply chains that we have today they are not sufficient, they do not work. The globalist system does not work. Congress is taking note. European countries are taking note. Japan has taken note. Everyone’s starting to realize if you are at war, if there is a pandemic or some other type of disaster and all your eggs are in one basket, everything is produced in one location, you’re not gonna get it.
“Let’s take the example of war. If we were in a war today say, with China, what would our shelves look like today? What would our medical facilities look like today with medicine? Would we be able to survive? No. Now think about what the central bank had planned if they were going to push us into a scenario like that and the entire system fell apart. And supply chains fell apart. What would our entire economic system look like? It would be a complete and utter disaster.
Trump is letting everyone know that we cannot keep it this way. This is why he’s in the process of changing and he’s already saying ‘listen we need to produce the drugs here, we need to bring manufacturers back here, we need to do all of this right now.’
Take a listen to what he said during the presser, saying that the globalist system the way they have it today with their supply chains – it doesn’t work.
Take a listen:
“…This country, one part from that country, it’s all over the place. The problem is if one country has a problem, you have no car or whatever it is you’re making. So we’ve learned a good lesson. I think a lot of smart people knew that before. But we’ve distributed many hundreds of millions of masks. This pandemic has underscored the vital importance of reshoring our supply chains and bringing them back into the United States where they belong, where they should have never left. What happens if you’re in a war and you have a supply chain where half of our supplies are given to you by other countries? Who are the people that thought of it? These are globalists. It doesn’t work, it certainly doesn’t work during rough times, bad times or dangerous times.”
And if you listen to what he said, he said ‘I can’t even understand why anyone would think this was a good idea.’ Well why did they do this? Why did they allow this to happen?
Remember, you need to go back in time to understand what these individuals — the invisible enemy — what they were trying to do to the economic system here in the United States. They weren’t trying to make it better. They weren’t trying to improve it. They weren’t trying to help the everyday person.
They were doing the opposite. Everything that they told you, everything that they said they were going to do was the opposite. What they really wanted to do is they wanted to bring the United States to a third-world level and they were in the process of doing this. This started a long time ago when they started to move manufacturers out of this country, when they started to move a lot of the jobs out of this country, when they started to continually add more and more regulations making it very difficult for companies to stay in the country. Moved all the supply chains out of this country and into one centralized location.
What has Trump done since he got into office? He’s removed all those trade deals. He’s placed tariffs on China. He made a Phase One trade deal with China and with this event he was able to take total control of the economic system of the manufacturers through the National Emergency Defense Production Act. And [with] all the states signing on to the emergency declaration, now he has the ability to pivot this economy even further.
This is why he’s out there saying that the supply chain must be changed. He’s going to do everything at lightning speed. While all this is happening, he is now bringing that Fed into the Treasury where he can control the interest rates, the stimulus. He can control it all. He doesn’t have to depend on anyone else because the next phase is going to be very difficult. The central banks, they’re not just gonna fold that easily, they’re not just gonna give in and say ‘hey go ahead, take the control away from us.’ Remember, the central bank system – they don’t have an allegiance to a country, to a people. Their allegiance is to debt. Its to control. And that’s all they care about. They don’t care where they set up shop because they know if they set up shop say, in China, they know once everything is a go, it will spread around the world.
Just like the United States, they set up shop, they created the Federal Reserve in 1913. They didn’t care because they knew their plan was not just to be here in the United States, their plan was to go worldwide.
Trump right now has reversed almost all of this within three and a half years. Now he wants to take it to the next level. What is that next level?
The next level is to get rid of the worldwide central bank establishment. This system does not help people. This system puts countries and people into debt, it enslaves them to this invisible enemy, the people that hide behind the curtain. They’re not elected, they don’t care about the people. This is why they continually establish organizations that are centralized and say all countries must report to this.
Take for example the World Trade Organization, the W.H.O., the UN, you name it. This is why they do this, this is why the IMF is out there giving loans to emerging economies. This is why you have the ECB with a handful of European countries. They’re trying to centralize everything. This has been their plan since the beginning.
For the Patriots, they’re basically dismantling the entire thing and they’re working at lightning speed to get rid of all this and to bring jobs back, to bring companies back, to bring our way of life back.
He’s going to need to take care of the central bank. This is where all the corruption and everything stems from. It’s from the central bank establishment. It’s, you could think of it as a gigantic credit card that’s just sitting out there and whenever those in Congress need something or they need to launder money, or they need some kickbacks where they need to pay someone off, they go to the credit card and they borrow. They go to the credit card and they continue to borrow. A lot of those funds come right back to them.
Think about if we had sound money, would they be able to borrow? No, because there’d be checks and balances. ….
“…we’re going to have sound money, there’s going to be checks and balances. They can’t just create these bills and say ‘you know something? We want a new program. We need another trillion dollars. Oh we want a new program, we want a billion dollars. It won’t work because the funds will not be there because everywhere everything will be accounted for. ‘Okay, you needed this. Where is it? Where did it go?’
You just can’t borrow more to cover it up. That’s what they’ve been doing. All of this is about to change and this is why they’re fighting so hard because they don’t want it to change, they like the credit card. It’s not their money. It’s their money when it comes back to them through money laundering, through kickbacks and they like that.
This is how they make their millions of dollars in Congress. You ever wonder how these individuals become so wealthy? Because they’re using the credit card and if you take it away from them, what kind of job is that? Then it’s not something they would want to stay there for for 20 30 years. Actually, they should never be able to stay there that long. We should have term limits, but this is what Trump and the Patriots are doing. They’re removing the credit card and they’re bringing us back to a place where we use sound money and when we use sound money we don’t have the whatever currency it is. It won’t lose value every single day.
… Trump is bringing us back to what the Founding Fathers originally wanted; a system that was built on sound money without a private western central bank.
