Lynette Zang: Central Bankers & Insiders Want a Controlled Demolition System Reset?
[youtube=https://www.youtube.com/watch?v=Nn_OOZVqY7I]
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Published on Jul 25, 2017
Jason Burack of Wall St for Main St welcomes first time guest, former Wall St stock broker and Chief Market Strategist at ITM Trading https://www.itmtrading.com/, Lynette Zang. Lynette’s articles, videos and other interviews are available here:
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https://www.itmtrading.com/blog/lynet…
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During this 30+ minute interview, Jason starts off by asking Lynette if she thinks global central banks are in a currency war or if there’s a coordinated devaluation carousel going on? Lynette says there’s both a currency war and a coordinated devaluation happening.
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Jason and Lynette discuss how central banks like the Swiss National Bank run currency pegs and how they are buying up large amounts of assets like stocks and essentially turning themselves into hedge funds.
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Next, Jason asks Lynette about the velocity of money chart she shows on her other video interviews. What is the velocity of money? Why has it collapsed? Lynette thinks that asset prices have already had a hyperinflation and that eventually the velocity of money or as Art Cashin calls it “lending and spending” will pick up in the real economy and inflation will accelerate. This has been done to fight deflation. If the velocity of money doesn’t pick up, Lynette and Jason both expect stagflation in the real economy to get worse.
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Jason then asks Lynette what stagflation is? Jason and Lynette discuss how stagflation, or high inflation and high unemployment, are not supposed to occur simultaneously according to the Phillips curve in Keynesian Economics.
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To wrap up the interview, Jason asks Lynette why gold and silver prices haven’t risen despite everything crazy happening in the global economy and with geopolitics. Lynette says there’s clear paper price manipulation of gold and silver prices, but smart money insiders are buying up high value and high rarity gold and silver numismatic coins.
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Lynette thinks in a “race to debase” global central banks and other economic and political insiders are doing a controlled demolition until the next global financial system is implemented via some kind of a reset.
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