Stansberry Research, Released on 6/9/23
“The reality is, this is the end of the current system’s life cycle. It actually died in 2008,” says Lynette Zang, chief market analyst for ITM Trading. “They just pumped a lot of garbage [money] into the system to make it look like it’s still alive and still viable when it’s not.” She claims that we are living in a bigger crisis than the pandemic and the “entire system” needs to be changed. “Things don’t look the same today as they did before, just like they don’t look the same as they did in 2007 before the banking system actually died,” she warns. In addition, she points out that the recent crackdown on crypto by SEC is orchestrated by the authority to “scare the crap out of everybody” so that people can feel comfortable spending government-issued CBDCs in the future. Finally, Zang indicates that gold holds no geopolitical risk or counterparty risk as it’s outside the system. “A rising gold price is an indication of a failing currency,” she concludes.
00:00 Debt ceiling
3:54 More treasuries in the system
5:17 Fed meeting
6:03 Yellen’s comments on bank consolidation
9:58 End of the current system
11:38 SEC’s crackdown on crypto
13:09 Bigger crisis
13L42 Gold price
15:01 Central bank gold purchases
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.