ITM Trading, Released on 11/8/22
Great Britain is the canary in the coal mine, and they are leading the way in what is most likely to happen in advanced economies. And you might say, “well I don’t live in Great Britain, so why do I care?” And the reason why you care number one, is because we’re all interconnected. So what happens in one part of the world, quite honestly is an indication that could spread throughout the global economy. And the UK has already started financial repression or the citizens are entering a winter that could look pretty darn gloomy. Whether you realize it or not, so are we.
0:00 Why Great Britain’s Financial Crisis Matters
1:50 Financial Repression
6:44 Bank of England’s Pledge
8:49 BOE Sells Bonds
12:46 UK Treasury Transfer
16:40 Central Banks Buying Record Gold
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.