Kitco News, Released on 3/31/23

Lynette Zang, Chief Market Analyst at ITM Trading, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the ongoing banking crisis, and why Zang believes that it may have been engineered to reset the financial system and bring in central bank digital currencies and a “full surveillance economy.” They also discuss accelerating de-dollarization led by the BRICS. Zang explains why she thinks the International Monetary Fund (IMF) is complicit in advancing the demise of the U.S. dollar, and why she thinks the IMF’s Special Drawing Rights (SDR) will be used as the next global reserve currency as the dollar is dethroned. Zang gives her perspective on how investors should prepare for all of this.

0:00 – Banking crises leading to CBDCs
8:36 – Depositors are all insured?
14:58 – Transition to SOFR
18:05 – Financial derivatives bomb
26:31 – Stock market manipulation
30:47 – Engineered financial crisis
44:22 – De-dollarization
50:55 – New reserve currency
55:46 – War and reset
1:02:12 – Pushback against CBDCs
1:04:57 – Investment implications

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.

  dedollarization