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Lynette Zang: The Currency Reset is Here

Tom welcomes a new guest to the program, Lynette Zang. Lynette is the Chief Market Analyst at ITM Trading.

Lynette discusses how the Fed has been unable to hit their 2% inflation target, but she says, “The Fed is getting prepared because they expect to lose control of inflation soon.” The Fed plans to quietly introduce a cashless system with an 18 step plan early in 2021. This new system will enable the Fed to deposit money directly and will give them absolute control of their policies. This coming UBI stimulus scheme will be the fuel that starts hyperinflation fire since we are a consumer-driven economy; they have to get us to consume.

This pandemic crisis is very convenient for central bankers as it provides an excuse for all the systemic problems. The data shows that this is a lie since numerous indicators were foretelling a recession. The fiat monetary system today is a con game.

A reset of the financial system is coming, but quite likely, only sovereign debts will be forgiven, not individuals. We should be prepared for the worst-case since, during resets, currencies usually get adjusted several times before the process is over. Those countries with gold (ie, not Canada) will be in a much better position during a financial reset.

Gold is severely undervalued today and heavily leveraged in paper equivalents on exchanges like the Comex. Futures traders are now standing for delivery, and these exchanges are running out. When they no longer have the physical gold, we will see fireworks.

Time Stamp References:
0:40 – Thoughts on the Fed annoucement.
2:45 – Moving to a cashless system.
15:00 – Blame it on the pandemic.
21:25 – Fiat by decree and inflation.
25:20 – Currency reset predictions.
32:40 – Why Canada will be in trouble.
40:30 – Money velocity and savings.
41:50 – Revaluing currency against gold.
46:10 – ITM Trading.

Talking Points From This Episode

  • Feds inflation targeting.
  • A new cashless system in 2021?
  • Being self-sufficient and having gold.
  • How inflation is tied to money velocity.
  • Paper exchanges are running out of physical.

In 1964, Lynette Zang began her studies on gold and collectibles via her uncle, a high-end antique dealer in New York. Her father was a real estate developer in Kingston, New York, and with his contacts in local commercial banking, she began her banking career at 15.

Lynette focused her college education on business finance, first at Fairleigh Dickenson University and England’s Wroxton College. She then transferred to the University of Arizona in Tucson.

She remained in commercial banking until 1986 when she shifted to investment banking with Larson Lehman/American Express and became a stockbroker. Initially, she focused her attention on the government bond market, learning the nuances of debt and interest rate moves on bond maturities. In that capacity, she stumbled across non-dollar denominated bonds and added the currency dimension. This conclusion led to discovering currency life cycle patterns and a deep understanding of the impact of those life cycles on all socioeconomic levels and asset classes.

Lynette’s mission is to translate financial noise into understandable language and enable educated independent choices. All of her work is fact and evidence-based, and she shares these tools openly. She believes in the need to be as independent as possible, and at the same time, we need to come together in community to survive and thrive through any financial crisis.

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