X22 Report

[DS] Panics, Power Lost, Strings Cut,War Is Going Public,Cyber Attack Warning, Stage Set – Ep. 3676

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Click On Picture To See Larger PictureCanada tried to put pressure on Trump and the US, it backfired, and Canada has now bowed to Trump. If they followed through Canada would have been a disaster. Inflation is not showing up in the tariffs, Powell running out of time. BBB is on its way, and once the President signs it, the economy is going to take off.Stage is set for the Federal Reserve.The [DS] is panicking, they thought they would be able to start WWIII, strings were cut and now their power is lost. CISA has now issued a cyber attack warning, right on schedule. The stage is set. All roads lead to Obama and Trump and team are bringing the [DS] down the path they want them to follow. This will not end well for the [DS].

 

Economy



  are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period. Thank you for your attention to this matter!

https://twitter.com/disclosetv/status/1939522597550518357

If Canada had kept the Digital Services Tax (DST) in place, the financial and economic consequences would have been significant, primarily due to potential U.S. retaliation and disruptions to the Canada-U.S. trade relationship.  

  1. Lost Tax Revenue vs. Retaliatory Tariffs:
    • The DST was projected to generate approximately C$5.9 billion (about US$4.3 billion) over five years, or roughly C$1.2 billion (US$870 million) annually, according to Canada’s 2024 federal budget
    • However, U.S. President Donald Trump threatened to impose new tariffs on Canadian goods in response to the DST, which could have far exceeded the tax revenue. For context, Canada exports over US$400 billion in goods annually to the U.S., representing 75% of its total goods exports.
    • If the U.S. imposed tariffs (e.g., 10-50% as suggested by Trump’s April 2025 tariff levels), the cost to Canadian exporters could have ranged from US$40 billion to US$200 billion annually, depending on the tariff rate and scope.
    • Specific sectors like automobiles, energy, steel, and aluminum (already facing 50% U.S. tariffs) would have been hit hardest, with ripple effects across supply chains.
    • Increased Costs for Canadian Consumers and Businesses:
      • The DST would have imposed a 3% tax on digital services revenue from Canadian users, affecting U.S. tech giants like Amazon, Google, Meta, and Apple. Some companies, like Google, had already introduced surcharges (e.g., a 2.5% “Canada DST Fee” on ads starting October 2024) to offset compliance costs, which would have raised prices for Canadian consumers and businesses reliant on digital services.
      • Canadian business groups warned that these costs would be passed on, increasing the price of digital subscriptions, online marketing, and e-commerce.
      • Economic Impact of Retaliation:
        • The U.S. could have targeted Canadian pension funds and investments through retaliatory measures, as warned by the Canadian Chamber of Commerce.
        • A trade war could have exacerbated Canada’s economic slowdown, with unemployment already at 7% in 2025, potentially leading to job losses in export-dependent industries like manufacturing and energy.
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            • Sector-Specific Impacts:
              • Automotive and Manufacturing: Tariffs on automobiles and parts would have disrupted integrated North American supply chains, increasing costs for Canadian manufacturers and potentially leading to factory closures.
              • Steel and Aluminum: Existing 50% U.S. tariffs on these exports would likely have been supplemented by broader tariffs, further squeezing Canadian producers.
              • Digital and Tech Sector: The DST would have made Canada less competitive for tech investment, as noted by X users who argued it increased cyber risks and costs for digital services without fostering domestic tech development.
              • Job Losses and Economic Uncertainty:
                • Over 40,000 digital jobs in Canada are linked to U.S. tech firms. A trade war could have jeopardized these jobs and deterred future investment.
                • Canadian business groups, including the Business Council of Canada, warned that the DST risked “undermining Canada’s economic relationship with its most important trading partner,” potentially leading to long-term economic stagnation.
                • Global Precedent and Isolation:
                  • By acting unilaterally, Canada broke ranks with OECD countries working toward a multilateral digital tax framework, risking diplomatic isolation and further U.S. retaliation, as seen with similar European taxes.
                  • Critics, including University of Ottawa professor Jennifer Quaid, argued that going it alone “could cost us in the long run” by setting a precedent for other countries to target Canadian firms.

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                    https://twitter.com/curious_founder/status/1939309528907993546

                    https://twitter.com/grok/status/1939636621080670217

                    Big Beautiful Bill” cites 1.75 million job losses, likely influenced by both worker advocacy and political alignment.

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                    PCE Inflation Accelerates. But Tariffs Haven’t Shown Up Yet: Why the Fed Is in Wait-and-See Mode

                    • The 6-month PCE price index accelerated to 2.8% annualized, despite dropping energy prices. It’s been 2.7% to 3.3% in 2025, sharply higher than in the 2nd half of 2024.
                    • There are still no signs in the inflation data that the new tariffs are getting passed to consumers. 
                    • Durable goods PCE price index (dotted green): +0.5%, first positive year-over-year reading since May 2023, continuing the bounce-back that started a year ago after the big plunge in 2022 and 2023 (but month over month, the change was 0% in May, indicating that tariffs have not yet been passed on to consumers.

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                      Source: wolfstreet.com

                      “Frozen At The Wheel”: Bessent Slams Fed For Delay On Rate Decisions In Wide-Ranging Interview

                      • US Treasury Secretary Scott Bessent on Monday criticized Federal Reserve policymakers for what he described as their hesitant posture on interest rates,  
                        •  . “My worry here is that, having fallen down on the American people in 2022, the Fed’s now looking at their feet,” rather than looking ahead.

                        • Source: zerohedge.com

                          

                          Golden Age: Wages Rise 0.4% in May, Outpacing Inflation Again

                          • Wages and salaries rose 0.4 percent in May, extending a run of solid monthly gains and continuing to outpace inflation, according to Commerce Department data released Friday. With core consumer prices rising just 0.2 percent last month, the latest wage increase represents a real gain in purchasing power for American workers.

                            • Source: breitbart.com

                             

                            Fed Chair Jerome Powell under fire for allegedly misleading Congress on $2.5 billion headquarters renovation

                            • Federal Reserve Chair Jerome Powell is under intense scrutiny following allegations that he misled Congress about the true nature of a $2.5 billion renovation project for the central bank’s Washington, D.C. headquarters. Critics are calling for Powell to be censured, accusing him of downplaying or outright denying luxury upgrades detailed in official planning documents.
                            •  official planning documents filed with the National Capital Planning Commission in 2021, documents that have not been amended, directly contradict Powell’s testimony. The filings explicitly reference “vegetated roof terraces,” restoration of “private dining rooms” on the fourth floor, “new marble” finishes, and an extension of the governors’ private elevator to reach the executive dining suite.
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