Watch The X22 Report On Video

No videos found

Click On Picture To See Larger PictureThe [CB]/[WEF] have been gas lighting the people for years. They want the people to sacrifice everything and they will keep everything. The unemployment number are so manipulated that they are no longer making sense.The Sahm rule was just triggered, we are in a recession. Mt Gox releases Bitcoin, Bitcoin drops. Fed in holding pattern until Sep. [BO] has begun the push to remove Biden, he will pressure him to step down on his own. The fake news has been instructed by [BO] to show Biden in the worst light. Think about what is happening, the fake news is now attacking Biden, Biden will start calling it fake news. More people will be pushed away. Most likely when Biden doesn't step down, he will be removed. [KH] will step in and pretend she is running, will pick a VP, [HRC]. [KH] will be replaced with [MO]. This will all fail. DHS simulates war games. [BO] is being flushed out.

 

(function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

Economy

https://twitter.com/EndWokeness/status/1809209497543406029

 The revised number gets a footnote. That's why this keeps happening.

https://twitter.com/KobeissiLetter/status/1809209723180249327

  part-time employment rose by +286,000 workers in May. All while the unemployment rate is now 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?

June Jobless Rate Triggers Sahm Rule: Recession

In this morning’s US Bureau of Labor Statistics data release, the U-3 unemployment rate increased 4.1 percent in June 2024, rising by one-tenth of a percentage point above the forecast rate. 

This uptick triggers the Sahm Rule, a real-time recession indicator, suggesting that the US economy is in, or is nearing, a recession. The Sahm Rule, developed by former Fed economist Claudia Sahm, is designed to identify the start of a recession using changes in the total unemployment rate.

According to the rule, a recession is underway if the three-month moving average of the national unemployment rate rises by 0.50 percentage points or more, relative to its low during the previous 12 months. With the June 2024 U-3 rate of 4.1 percent, the average of the last three months being 4.0 and the lowest 12-month rate of 3.5 percent in July 2023, this criterion has been met.

Sahm Rule indications (1960 – 2024)

 

While more data will be required to confirm the Sahm Rule indication, the impact of accelerating prices, interest rates at their highest levels since 2007, and commercially suppressive pandemic policies have probably caught up with US producers and consumers.

Source: zerohedge.com

Joe Biden Threatens to Send Out Attorneys General to Go After Grocers in Plan to Combat His Food Inflation Crisis

Grocery prices are soaring thanks to Joe Biden’s tax-and-spend policies.

The US economy is in bad shape because of Joe Biden’s war on domestic oil and the ‘Green New Deal’ disguised as the ‘Inflation Reduction Act.’

Moody’s Investors Service recently cut the US’s outlook to negative.

Moody’s lowered its ratings outlook on the US government citing high interest rates, government spending, and deficits.

Inflation is still high, grocery prices are up more than 19%, gas prices are still high and more than 15 million illegal aliens have poured over the border since Biden was installed in January 2021.

Most Americans are struggling to put food on the table thanks to Joe Biden.

Joe Biden is now threatening to jail grocers to combat his in...