They Want to Get Rid of Cash – Greg Hunter, Lynette Zang Video
By Greg Hunter’s USAWatchdog.com
Market analyst Lynette Zang says get ready for a “money standard shift.” A reset in how we buy and sell things is being put into place. Zang contends, “Look at the crypto currency area because they know that’s where they want to go. They have to take us there so they can get rid of cash, and they can control everything directly. . . . Generally speaking, all these new crypto coins that are coming out and are making lots of money and people marry that money because of nominal confusion, what is really happening is they are preparing us . . . for a money standard shift.”
Zang explains that the U.S. dollar has lost about 96% of its value since inception of the Federal Reserve, and its value is “nearing the bottom. . . . So, there is no place else to go but to digital currency,” says Zang.
On interest rates, Zang says with all the massive debt out there globally, rates cannot be allowed to rise, and central bankers “need interest rates to be negative.” Zang says, “Interest rates will not go up too much further because that will trigger the derivative market unless they are ready for the shift . . . because all that debt keeps coming due. It’s not like they are paying that debt off, they are just rolling it into additional debt. Rising interest rates will cost everybody more money.”
If rates go up to around 4%, Zang contends, “That would be a trigger and cause a derivative event that will implode all the markets.”
Zang says we are headed towards an undemocratic technocratic financial system. Zang explains, “Technocrats don’t care about people, they care about systems. That’s what the most important thing is. The formulas that guide all of those systems is not how a democracy works. . . . Essentially, what they are trying to do is get all wealth held in cyberspace and the title to all wealth held in cyberspace. Then the “Smart Contract” can immediately transfer that title. You can go to the mall and spend the equity in your house.”
Zang warns that central banks could make a big mistake and lose control quickly. Zang says, “They could lose control because it’s all about confidence. Why do they keep testing all of this confidence? People have been losing a lot of confidence in the governments and central banks. Why do they need a trustless system? They could lose control.”
Zang says every fiat currency will reset against gold and silver, and if it happened today, she estimates “gold would be more than $9,300 per ounce” and “silver would be more than $625 per ounce.” Zang says, given all the unpayable debt in the world, those are conservative estimates.
Join Greg Hunter as he goes One-on-One with Lynette Zang, Chief Market Analyst at ITMTrading.com.
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After the Interview:
Most of the links to support Lynette Zang’s talking points are below:
China Is Building A Satellite-Based Global Quantum Communication Network
Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar
China’s central bank thinks digital currency can do one thing cash can’t
To get the latest “Flash in Five” from Lynette Zang click here.
There is some free information on ITMTrading.com.
Related Posts:
- Market Crash Coming – Insiders Run – Lynette Zang
- Crypto Currencies Show Global Reset Underway – Clif High
- Record Global Debt Will Pop Record Bubbles-Michael Pento
- Rising Rates, Causing Chaos, Dangerous Territory – Michael Pento
http://usawatchdog.com/they-want-to-get-rid-of-cash-lynette-zang/
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows
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I’m rich…rich I tell you.
*starts pulling at gold fillings in teeth.
Doesn’t matter if they take cash away, expecting to tax everyone to the hilt. It won’t affect me.
A naughty is still gonna cost you a weekend away and all the lobster and bourbon I can wrap myself around.
There has been enough stealing with cash. We have been watching the theft of digital money and the inflation involved with it. We have seen fiat money failing because of the people in charge of it. The dollar has lost 96%, that sounds like a real figure. There is no way people can survive with digital currency. The already cooked books would become a work of fiction. The books are almost to that point now. The next currency, gold and silver coin people. The con has been running since 1913 and was given the name, the FED.
How the Government Plans to Make the RFID Microchip a Requirement for All Citizens (Video)
/alternative/2017/07/how-the-government-plans-to-make-the-rfid-microchip-a-requirement-for-all-citizens-video-3537281.html
Their plan always was to go all digital, to make everyone a slave under their system. I am worried, we are being fooled
into that system by greed and gambling /speculation. As I see the crypto-currencies first they got no tangible value to
it, the pro crypto says the fiat paper is also like that. I say no it isn’t because you got the rulers, the military
Industrial complex backing that, they put a gun at your head and say this is the value. I see cryptos as limited a
hangout, a transfer currency, and you could speculate for a limited time. The whole world is under a slow
hyperinflation called quantitative easing, paper currency goes to zero, cryptos goes to infinity, but it is only worth
something as long as the paper money is still worth something, fucking wake up!
Half past Human Guy says the crypto value is a complex mathematical operation, encrypted string = anonymous. Still
abstract you can not touch it with your own fingers. I say when the system goes down the bitcoin is useless, only their
own crypto coins will bee deemed to retain most of its value, bitcoin devalued 99% ? It is a matter of who is the
master, the boss, the might, nothing else.
DAHBOO77
It Begins: The Blockchain Beast System Is Here
https://www.youtube.com/watch?v=IZbZlZsAM-M