Lynette Zang of ITM Trading is so sharp. She’s on the X22 Report to give us a clear overview of what’s happening economically and to tell us where it’s all headed.
There’s a lot of talk lately about the collapse of retail, with entire shopping malls closing down. The Mainstream Media has been calling this “The Amazon Effect,” as if the trillion-dollar retail industry has suddenly all migrated online. Lynette says that this is ludicrous and that while it’s true that the Middle Class has taken a beating and that people today have less disposable income than in the past, it’s not Amazon’s fault – not yet.
She says that governments (and Amazon) would, indeed like to see this happen; the latter, to be able to then charge whatever they want and the former, to have as much of human activity as possible conducted online, all the better to surveil and control populations, as well as to feed data into vast Virtual Reality/Artificial Intelligence models.
Lynette talks about what’s happening with Bitcoin and cryptocurrencies right now and why for her, it’s obvious that they are a trap, in development since the 1990s with the approval of the Bank for International Settlements because the debt-based fiat currency model is on its last legs. She says the derivatives market was launched in the late ’90s to keep the dying model afloat while cryptocurrencies could be developed.
As far as cryptos being decentralized, Lynette says they still have to go through Internet nodes and for people to cash them out, they must go through an exchange. The Chinese government (which seems to be the test lab for every globalist initiative) outlawed crypto exchanges two weeks ago but they have not made blockchain currencies illegal because they want blockchain technology to continue being developed, as this is the future of money.
Lynette says, “Decentralization is just a perception management tool to get you to think that you’re invisible and independent. They even say this…the BIS and the IMF talk about that…we’ll all be lulled into a false sense of security.” She says that the cryptos are part of a necessary phase for the transition to central bank-controlled digital currencies and that once one third of the world population is involved in cryptos, the time will be ripe to let the dollar die and to make the transition into the central bankers’ new blockchain money.
As with all currency resets in the past, she says the new currency will be valued against gold and at that time, we will once again see gold valued properly.
She sees new regional digital currencies replacing the present-day paper money, with the world reserve currency becoming the Special Drawing Rights (SDR), controlled by the International Monetary Fund. She doesn’t think tat either China or Russia are interested in having their currency be the world’s reserve currency; they just want their currencies to be in the SDR basket and that there is no way in Hell that the central bankers are going to let anyone infiltrate their money monopoly. “No way! And I think that starts with the technocrats at the IMF.”
The best way to be prepared for this major sea change is to be as independent of the system as possible: food, water, energy, security, ability to barter, wealth preservation and community. What happened in Greece is a perfect example of what happens when technocracy takes over systems. It’s a small test case for what will happen in the US.
As for when this will happen, it’s already happening. Keep an eye on all of these developments. Lynette says that she expects that things will chug along until it’s suddenly fast. What happened in China with cryptocurrencies recently is a great model of what to expect here. When people are in enough pain from this next crisis that they’ll be willing to accept the SDR.