X22 Report by X22 Report

October 27, 2025 Obama’s Cloward-Piven Agenda Has Failed, Trump Has The Election Rigging Evidence, Timing – Ep. 3761

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The US Gov spend 23 cents of every dollar of revenue on interest. The highest in a century, the [CB] system is a slave system. Everytime the Fed lowers the rates, more jobs are created. Trump is getting ready to remove Powell, timing is everything. Parallel system coming online soon. Obama’s Cloward-Piven strategy has failed, Trump is reversing it and Obama cannot do anything to stop him. Trump is now building the narrative of how the [DS] rigged the elections. He is letting everyone know if they can rig a basketball game they can rig an election. Trump lets everyone know that he has all the evidence on how the [DS] over through the US Gov and the President of the US. Timing is everything, tick tock.

Economy

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https://twitter.com/KobeissiLetter/status/1982525468357153027

have DOUBLED over the last 4 years as both rates and federal debt have surged. As a result, interest expense as a % of tax revenue jumped +10 percentage points, or +70%, to 23% during this period. For perspective, the government spent ~10% of its revenue on interest on average before 2020. Interest will soon be the US government’s largest expense.

https://twitter.com/KobeissiLetter/status/1982825136232571228

https://twitter.com/WallStreetMav/status/1982800029409562838

https://twitter.com/RapidResponse47/status/1982797430232908182

IRS Reinstates $20,000 / 200-Transaction Threshold For Form 1099-K

The Internal Revenue Service on Oct. 23 issued a fact sheet confirming that the higher reporting threshold for Form 1099-K has been restored under the One Big Beautiful Bill Act, reversing changes made during the Biden administration.

Form 1099-K applies to individuals who earn money through gig work or sell goods online. Third-party settlement organizations (TPSOs)—including platforms such as Amazon, eBay, PayPal, and Venmo – must send copies of the form to both the IRS and taxpayers, detailing the total payments received for goods and services.

Return to the Pre-2021 Standard

Before 2021, TPSOs were required to issue a Form 1099-K only if a seller received more than $20,000 and conducted at least 200 transactions during the year.

The 2021 American Rescue Plan Act lowered that threshold to $600, triggering widespread criticism from taxpayers and digital-payment platforms who warned the rule would swamp casual sellers with unnecessary paperwork.

The IRS initially attempted to phase in the lower limit—proposing $5,000 for 2024, $2,500 for 2025, and $600 from 2026 onward—but the One Big Beautiful Bill Act, signed by President Donald Trump on July 4, permanently repealed those reductions.

As a result, TPSOs are again only required to issue Form 1099-K if both of the following are true:

The gross payments to a payee exceed $20,000, and