Is your standard of living holding up in this inflation? Do you think that inflation is going to get better or worse? Because quite honestly, we are at the end of this grand Fiat money experiment. We’re going to talk about why you need Food, Water, Energy, Security, Barterability, Wealth Preservation, Community and Shelter.
CHAPTERS:
0:00 Headline News
1:36 “Consumers Worry About Standard of Living”
4:45 Droughts Spark Worries for 2022 Crops
5:53 European Union Shifts Away from Russian Supplies
7:49 “Summer of Violent Crime”
9:27 Bartering Makes a Return to Mainstream
11:25 Chinese Citizens Stop Paying Mortgages
12:58 Helping Your Secure Your Wealth and Health
TRANSCRIPT FROM VIDEO:
Is your standard of living holding up in this inflation? Do you think that inflation is going to get better or worse? Because quite honestly, we are at the end of this grand Fiat money experiment. We’re going to talk about why you need Food, Water, Energy, Security, Barterability, Wealth Preservation, Community and Shelter, coming up.
If you think that the world is headed in a direction that makes you a bit concerned for the future, and you’d like to be as self-sufficient and independent as possible, then you’ve come to the right place. My name is Lynette Zang. Now it’s time to go Beyond Gold and Silver
I’m Lynette Zang, Chief Market Analyst here at ITM Trading and very proud and very grateful prepper. And so in this Beyond Gold and Silver, I mean, you definitely need gold and silver as your monetary foundation because it enables you to do everything else and maintain a reasonable standard of living. But as I’m sure that everybody is aware that inflation is running very high and with the producer price index over 11.3%, and these are official numbers so we know they’re much worse. Well that hasn’t yet trickled down into the CPI numbers. So you’ve got to be prepared.
So the first thing on the headlines, consumers worry about falling standard of living due to inflation. U.S. Sentiment poll shows. Ya think? Because food is getting noticeably more expensive, and that definitely impacts consumer sentiment. One worrisome part of this recent report show consumers said they are buying certain things now to avoid paying higher prices in the future. And what that really means is they think that inflation is here to stay. So the problem for the central banks, is that it is getting what they call “embedded” inside of the public. And that erodes confidence what’s going to trigger the hyperinflationary event is a complete collapse in confidence. So it’s important to pay attention yet. Another measure that asks about expectations for the next six months slipped. Well, isn’t that interesting because their behavior, in other words, buying ahead because they fear higher prices is at odds, right? Do what I say and not what I do. What they’re doing is they are telling us by their actions that they fear more inflation in the future. So the government takes this survey and say, “oh, well, the expectations of slip so we have control.” Well, right now, as you know, whether you’re looking at the markets or you’re looking at behaviors, or you’re looking at everything else, there’s a great deal of confusion, kind of like a bridge that swings and swings and swings in a hurricane until it collapses. And that’s where we are looking ahead. Confidence is still very, very low illustrating that surging inflation and the damage it is doing to the purchasing power is a big issue for households. Well, of course! Because people are having to make choices between putting gas in their cars or food in the table and data today, or recent data, I should say, has shown that people are starting to cut back on buying gas. Now, mind you, the likely outcome from that is we could see gasoline prices come down and that might have an impact on consumer sentiment and shorter term on inflation, but make no mistake about this. I am more than a hundred percent convinced because of the patterns around me that I see that. And because there’s virtually no purchasing power left to the currency that we’re at the end, so you need to get prepared. And that’s what this site is all about. To help you. Consumers have to watch what they buy because of the highest inflation in almost 41 years. Well, what happened 41 years ago, that was the kickoff to the current debt based system. It’s falling apart.
And we’ve gotta look at Water. Okay. So food, yes, you should be stocking up on food and also water mean you cannot live without water and neither can crops. And that also impacts the food. So the time to prepare is now, you need water to maintain a reasonable standard of living. Whether that’s drinking it yourself or growing your food or cleaning or anything else. So there are a number of different ways which I’ve shown you. And it’s easy enough to research to ensure that you have an ample water supply, because if you are inside the city limits and there are blackouts and brownouts that are coming, I mean, they’re already happening in a number of places. We’re gonna talk about that in just a second, but you need to have a store of water. So that, that does not have great impact on you. And that’s what everything is about.
We wanna do our best to maintain our standard of living. In Europe. They’re really faced with a huge obstacle and Russia’s Gazprom declares force majeure means that this is something beyond their control. Maybe it is, maybe it isn’t cause we do know that they are using energy as a weapon, but they’re not the first ones to use energy as a weapon. And they’re likely not to be the last ones. So what kind of position are you going to put yourself in? So that when we go into this rolling blackout or brownout period, some of you, if you’re in California or in Texas, you may already be experiencing this. How great would it be if this was simply not an issue for you? They have a monopoly on Russian gas exports by pipeline could not fulfill its supply obligations owing to extraordinary circumstances outside of its control. So why not be in control of your energy needs? On BGS, we’re not quite there yet, but we’re getting there where, you know, I did put in the solar grid up in my off-grid property, my bug out location, but we’re going to be building a hydroelectric water wheel and you’re gonna see how we do that. You want to look at your circumstances and see what you can do to make yourself Energy secure. And that is not by, depending upon the system that we all know is really sorely in need of repairs and work on the infrastructure. You wanna take this as much as you can into your own hands. This is so critically important for you to be as independent and self-sufficient as possible.
And this one, have we not been watching a rise inside of Security needs and violence. Thank God. Thank God that there were riots near my home back in April of 2020, because that showed me the holes in my system, in my strategy. So not only did I buy a bug out location, but as you’ve seen and I’ll show you this more, as I’m finishing up my current project, I have now put steel security shutters on every single window and door in my house. So ain’t, nobody getting in there. We’ve got to take control and put ourselves in a position that if violent crimes come to your neighborhood again, you know, if they’re looking at a house that’s got cameras and nasty spiny things and security shutters here, and then over here, everything’s nice and easy and open. Where do you think that crime is gonna go? So we have to be independent. And not only that, but if somebody, if any of my neighbors needed to come into my house and I happen to be there. Cause at this point, I expect to be completely up at my bug out location, but if I’m there and something happens, it’s part of the Community. I will happily take them into my home and protect them, but get ready yourself so that this is simply not an issue for you. You know?
Finally, we’ve talked about barterability a lot, right? And understand that silver is probably one of the biggest, I don’t know. I mean, I have a lot of food and that’s clearly very barterable, but silver is my basic barterable portfolio to go to the gas station with, to go to the grocery store. If I need something with etcetera, cause it’s very recognizable, but any talent that you have or anything physical that you have is also, barterable what they’re showing here is food. You know, there are so many people that have lawns and they have all these beautiful trees on their lawns, but none of those trees produce food on my lawn. Well, I don’t have a lawn anymore, but in my Urban Farm I have lots of food. So I have the ability to barter and you know, interestingly enough, some of the workers in my bug out location when asked if they want for their day labor, if they want cash or what they want? They’re actually asking for food, actually asking for food. They don’t really care about being paid and Fiat money, but what they need is food. So I think that’s a hugely barterable asset. And if you are spending money on watering a tree in your yard, why not plant a peach tree or some other food producing tree that will actually, you get to eat it, but it also can pay you back over time as a keen barterable tool. Remember any skill set you have anything physical that you have is barterable, Silver’s kind of a little bit, not kind of silver is universally barterable and you can get it in different sizes, but it’s not the only barterable tool.
And an interesting thing. I’m gonna talk more about this on ITM Trading, but a very interesting thing that’s happening in China is, is, you know, seems to be a breakdown in their system. And now the great Chinese mortgage strike where thousands of home buyers are refusing to pay their home loans as growing boycotts spread online. And this is a combination of Shelter. Now of course, over in China, prepaying for your property for your home is a normal way that a lot of these developers generate about 80% of their income. And so, you know, these people and the buildings have been stalled. So these people are now, they’re not living in these homes. They’re waiting to live in these homes. They’re not seeing anymore progress. So they’re stopping paying their mortgages. This is a huge problem. And where you see this as part of the Community is that online communities are starting to pay attention and spreading this halting of mortgage payments. It’s a big problem for the government of China. I’m gonna be doing something much more expansive on this issue, but we are seeing growing discontent and growing pushback.
If that can happen in China, who prioritizes civil rest, they want everybody to just comply and they wanna control everybody. Well, they’re starting to get pushback in a number of different areas and I’m paying attention to that because we are all incestuously intertwined. And I just believe that this could be a forerunner to something very nasty that this way is coming wherever you are in the world. So that’s it for the headline news for Beyond Gold and Silver today, but make sure that you check out the ITM channel. If you haven’t been there before, go ahead and subscribe. If you like this, please give us a thumbs up. Make sure that you share, share, share, share, share, because ignorance does not make you immune. It just leaves you vulnerable. And I don’t want anybody to be vulnerable. So until next time, please be safe out there. Bye-bye.
SOURCES:
https://www.nytimes.com/2022/07/03/us/politics/gun-violence-crime-summer.html
https://www.bbc.com/worklife/article/20200821-the-rise-of-bartering-in-a-changed-world
