Lynette Zang joins Greg Hunter to discuss how the US dollar is currently being manipulated down, in order to prevent the erosion of world currencies and to keep the world economy from imploding, due to all of the dollar-denominated debt held globally.
Anybody with a pension or 401k and even Social Security will be out of luck, as the USD will be hyperinflated. Greg and Lynette have a good laugh over Janet Yellin’s recent statements about no foreseeable economic crisis “in our lifetimes.”
I agree with Greg Hunter that Lynette Zang is really sharp and I’ve run pieces of hers on the GCR the past and this one on the Greater Fool Theory but many people have been predicting exactly as she says for many years, while the stock market has gone on to soar to surreal heights.
There’s no telling how much Afghan heroin is being laundered through the banks to prop up the dollar and I’m not sure how much longer this can hold. Lynette says that “the 1%” is fleeing currencies and investing in tangibles. She says that dynastic wealth, which lasts over 300 years is stored in real estate, gold and in rare collectibles.
They discuss the possible scenarios of an impending economic collapse and how to weather the storm.