Financial System Is Done, Nothing Left: Fed Will Now Fast-Track CBDCs Warns Lynette Zang
Stansberry Research, Released on 4/5/23
"2008 is when the system actually died and was put on QE life support until [the Fed] could get into place the next system that could take place of the current system," argues Lynette Zang, chief market analyst for ITM Trading. "We seem to be paralleling what's happened in 2008 in regards to bank consolidation. We're at that same juncture right now where everything has changed," she tells Daniela Cambone. "There is nothing left in the system. There is officially no purchasing power left in the currencies. It's all just on public confidence. Central banks don't have confidence in each other," she continues. "We need to go into a new system because this system is done," Zang exclaims. "Whether you're looking at deflation or inflation, it's the same coin, just the opposite side," she argues. "The Fed will propose CBDCs as a way to get rid of inflation, but it will present the problem of deflation and it will not control how low they can push interest rates," Zang predicts. "This is about the banks and the financial system. We vote with our wallets... if you buy stocks, that's your vote. If you buy gold and silver that's your vote. If you buy cryptos, that's your vote," she continues. "[The Fed] can't pull off a CBDC if enough of us vote a certain way. A rising gold price is an indication of a failing currency and once you really understand that a currency is failing, you make different choices," Zang concludes.
00:00 Lynette's thoughts on the banking crisis4:21 We're witnessing a new world order5:29 Credit Suisse chairman's comment6:11 The Federal Deposit Insurance Corporation's failures and what they mean for your money12:10 The Silicon Valley Bank blame game14:02 Central bank digital currencies18:08 De-dollarization situation19:39 Is it OK to embrace gold now?21:48 Central banks are purchasing gold24:26 Lynette's thoughts on bitcoin26:51 Final thoughts
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.
Financial System Is Done, Nothing Left: Fed Will Now Fast-Track CBDCs Warns Lynette Zang added by Herman James on 04/04/2023View all posts by Herman James ?+'