The Next Financial Crisis Will Wipe Out Most Paper Assets: Lynette Zang
Lynette has worked in commercial banking until 1986, Lynette then shifted to investment banking with Shearson Lehman Brothers and became a stock broker. Lynettes focus was on the government bond market, learning the nuances of debt and interest rate moves on bond maturities. In that capacity, Lynette stumbled across non-dollar denominated bonds and added the currency dimension. This led to the discovery of currency life cycle patterns and a deep understanding of the impact of those life cycles on all socioeconomic levels and asset classes.
The interview begins with Lynette explaining that the stock market is manipulated and that many of the countries including the central banks have purchased stock which is why this is not a free and open market, there is not price discovery. The interview continues with Lynette breaking down how the US was moved from the gold standard into the petrodollar. Now the system is breaking down and as the system breaks down the central bankers plan to move into the SDR on a higher level and at a local level create the dollarcoin using the blockchain technology.
While the economic shift takes place the value of the dollar is going to drop and the dollar will no longer be the reserve currency of the world. Most of the paper assets will drop to zero and people who have saved will get pennies on the dollar for their investments and currency. Her message prepare yourself for the economic reset.
Thank you for this very informative interview.
@x22report Thanks for inviting Lynette to speak, I've been reviewing her research for many months and she is fact based market/bank-cartel observer.
A very helpful resource!
Wow, this post is crushing it, outstanding. I,ve been covering/watching all things Lynette the past several weeks. She is a brilliant communicator and really knows her stuff, ty
@clumsysilverdad Lynette Zang is striking at the central root!
The crash seems to be inevitable this time. People should invest heavily in silver and gold because soon their value will skyrocket.
Not this time-every time go back in history! These monsters farm us and I am so tired of it
My husband Ibrahim says at 15:25 of the video, Lynette says We were shifting from a gold back currency to a partially gold back and debt based currency. This is not exactly accurate. What is accurate is that through the debt based fractional reserve system set up in 1913, The new Federal Reserve System was allowed to expand the money supply based on debt while still maintaining the idea that the dollar was fully backed by gold AND silver ( We did not have a Gold Standard we had a Bi-Metal system) In reality the government was still obligated to exchange paper for gold and silver until Roosevelt demanded that United States citizens surrender their gold bouillon in exchange for paper dollars and even though we could not exchange our dollars for gold we could still exchange our dollars for SILVER (a detail that few people talk about) And even after Nixon declared a " temporary" suspension of the convertibility of dollars for Gold OR Silver we still have that same Bi-Metal Standard on the books today. After researching his opinion if find it to be right on the money :)
Thanks Dave, Great guest.
@x22report is cool. I Listen every day.
Great interview. This information is very important to those that need to understand the danger we are in as long as we rely on MSM for our economic information. Gold, Sliver, Crypto.
I can hardly wait for that day when the economic reset will come and to decentralize the power of money
INCREDIBLE interview! I don't think I've ever heard such a clear and concise explanation of our current economic situation! Lynette Zang is a SuperHero!!
These are some pretty solid points. One of our guys has been saying that fedCoin has been coming for years - especially as the 4th Industrial Revolution renders human workers less favorable in the workplace, and UBI becomes a norm in the US.