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Large Banks Vs Local, Mortgages, Money Market… Q&A with Lynette Zang and Eric Griffin

ITM Trading, Released on 10/29/19

Slides and Links: https://www.itmtrading.com/blog/large…

Question 1. Dain L: I have recently heard the advice that we should place our money in a local bank as opposed to a larger bank. My understanding is that smaller banks are connected to the larger banks. So where should we keep our money for paying bills and keeping a small cash savings?
Question 2. Paul S: Did Venezuelan banks ever rewrite the home mortgages because of hyperinflation?
Question 3. Gabe: What are your thoughts on moving one’s IRA funds to a money market account?
Question 4. Jan C: What do you think will happen to social security payments, federal and state pensions with a financial collapse?
Question 5. Dreg: If they are cutting rates when the markets are near all-time highs, when the market tops out and starts dropping, what ammo will they have to stave off the decline?

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.

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