Kitco News, Released on 3/21/24

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Lynette Zang, Founder & CEO of Zang Enterprises & LynetteZang.com, who says that one year after the 2023 banking crisis, U.S. banks are once again on the brink. Zang dives into the health of the banking sector, her macro outlook, and what’s next. She forecasts that massive U.S. debt will force a major pivot by the Federal Reserve and explains what it will mean for inflation, markets, the U.S. dollar, and public confidence. Zang warns that the next financial crisis could usher in a central bank digital currency (CBDC) and outlines the consequences and potential ways out of the system.

00:00 – Coming Up
00:53 – Introduction: One Year Since the Banking Crisis
02:00 – Banking Sector’s Risks
11:43 – The Role of Private Equity and Future Banking Consolidation
24:38 – The Fed and Inflation
32:20 – Hyperinflation and the Velocity of Money
35:54 – The Looming Crisis & CBDCs
37:20 – Fed Chair Powell’s Stance on CBDCs
42:21 – Rapid Expansion of CBDCs
44:20 – The Role of Crises in Facilitating the Adoption of CBDCs
48:02 – Gold & Silver
50:44 – Bitcoin: A Trojan Horse for CBDCs?
01:04:10 – The Future of Money and the Importance of Community

Lynette Zang is the CEO of Zang Enterprises. She 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. Her work can be found on her YouTube channel. She previously held the position of Chief Market Analyst at ITM Trading from 2002 t0 2024

  bank collapse, banking crisis, bitcoin, CBDC, dollar, economy, Fed, gold, silver