In this video, Lynette focuses on her mantra food, water, energy, security, barterability, wealth preservation, community and shelter. She highlights the rising food prices and the need for food security as well as the importance of water scarcity and the need to secure clean water sources. The soaring power prices in Texas due to market manipulation, emphasizing the need for energy security. She also discusses the economy, including the challenges faced by low-income households and the importance of wealth preservation. Take action and be prepared for the future!
0:00 Mantra Monday
17:46 Wealth Preservation
TRANSCRIPT FROM VIDEO:
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 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 also a very thankful prepper. And I’d like to welcome you to Mantra Monday where I’m showing you why that mantra I created that mantra for myself to begin with, but you can see it all unfolding. So before we start though, remember we got new chickens and I showed you those. Well, they’ve finally started to lay eggs and you can see the size of this one, which is the one of the new girls versus the size of that one. So the eggs will get bigger and bigger as the chickens start to mature. But I thought I would just show you that because I love that they’re producing and they’ll continue to give me lots of good protein, which is also barterable moving into the future.
So let’s just get started. We’re just watching this wonderful harvest and we’ll start with food because you cannot live without food and they want us to think that inflation is going away or inflation is coming back down. But the reality is, is yes on some things like energy costs, that’s declined a lot from about $110 bucks. A barrel to 68 I think is somewhere around where it closed yesterday. So that’s going to have an impact on headline inflation, which is what people typically look at. But they want you to believe that that is true for all food, for all inflation. It’s not really true. Food prices in may increase 6.7% from the same time last year and you can see it in here CPI-CPI food overall, CPI food at home and CPI away from home. But in any case, they have continuously increased. Now this goes back to 1983 and understand in their food basket, if something gets too expensive like steaks, well then what they do, they substitute chicken. When chicken gets too expensive, they substitute hot dogs. So, you know, we never really get a true reading on food inflation. But what we know is that there are people unfortunately that have to choose between food, putting gas in the car, getting to work, etcetera. In this wealthy, wealthy country, nobody should be hungry. And there are lots of ways that you can prevent that for yourself because I mean, you really have to ask yourself, you know, you’ve lived however long you’ve lived, have you really noticed prices coming down over all? Maybe on a sale, maybe on a blip? But that is because inflation is baked into the monetary system and we are at the end of this system’s life cycle. This is gonna get far worse regardless of what they want you to think. Far worse. So please do something about your food security. Grow a garden, throw some sprouting seeds in the freezer, put back some rice and beans to so you get a complete protein. Honest to goodness, backyard chickens if you have the ability to do it. Backyard chickens are great. Not only do you get lots of animal protein, the animals continuously produce, but you also have a tool of barter. So make sure that you, that food insecurity is not an issue for you or those that you care about and love and maybe even strangers too.
The next issue that we can’t live without is water. More than 2 billion people lack safe drinking water. That number will only grow as populations grow. And climate change shrinks fresh water stores. Water scarcity takes center stage and we’ve gotta have water for everything, for growing food, for sanitation, etcetera. But a major United Nations report released in June shows that the world is not on track to meet a UN goal, to bring safe water and sanitation to everyone by 2030. Although 2030, as I will remind you from the UN, is also when they want in place a full surveillance economy. I wonder if they’re on track for that. We’ll find out. I hope not. I hope not, but we’ll, we’ll talk more about that in other ITM videos. And by 2050, half the world’s population may no longer have safe water. Half the world’s population may no longer have safe water. We in this country, we’re pretty lucky. I mean my water is filtered, but basically you turn on a tap and you have water and it’s good water. But what are you doing to gather water Again, there are some things that we cannot live without. We need water to drink. We need water to grow food. We need water for sanitation, we need water for so many things. This is a choice that you need to make now while you still can. What are you doing for your water security?
Because you can also generate power. However, Texas power prices soar. Now we’ve talked about who’s really controlling the prices on everything. Is it supply and demand? Heck no. Everything has been turned into a financial product and it’s the traders that are determining the prices. So Texas power prices soar 80% in a matter of hours amid heat wave spare power supplies seen shrinking to 2% of total capacity. Texan power prices surged 80% in a matter of hours. And a megawatt hour of power was commanding $4,500 as of late afternoon last Tuesday. Or this came out on the 20th up from 2,500 earlier in the day, it surged 80%. Okay, according to blah blah, blah, the grid manager called for voluntary conservation efforts in an effort to avoid entering emergency conditions that could entail blackouts. Spare electricity supplies are forecast to dwindle to 2% of total capacity by 8:00 PM central time from 15% earlier in the day. So, you know, again, there are things that we can live without. And you could live without power if you couldn’t get it. Kind of depends on where you are. Here in Arizona we’re already at 110-114 degrees. So it would be kind of uncomfortable. But you have a lot of options to make sure that at least your refrigeration, you know, your refrigerator, your freezers. So the food doesn’t go bad. There are a lot of options, but it’s critically important because who’s really demanding and commanding all of these prices? Are really the traders not a true supply and demand market. The only thing that we have these days that is a true supply and demand market are frankly physical, anything physical metals, because there’s definitely two different markets for that. But I know that you’ve noticed all prices going up. We also need to be able to hold onto our food and we also need to be able to you know, make sure that we have some level of security in our energy. Because as long as the traders are in there and it is just about the pickup of money for them, they don’t give a crap about security or whether or not you are wrapped up in a blackout. But what are you doing to make sure that this doesn’t impact you? Particularly, you know, this is happening a lot all over the world, Texas, California, where you’ve got blackouts, you’ve got brownouts, but don’t think just because you’re not in these places that you’re immune. Coming to a theater near you. And the time to get prepared is before you actually need it. Because getting prepared inside of a crisis is virtually impossible. So what are you doing? You really need to think about this. They’ll call for voluntary conservation. Okay. So the traders are doing all, playing all of these games with the pricing, but you need to cut back to preserve the grids so you don’t go into blackout. That’s right. It really bottom line all comes down to you and the community. What are you doing? Have you created that community to come in and help each other? Maybe not everybody can, but maybe somebody in your neighborhood has solar. So that would keep all the refrigeration running and you can transfer your food into their home so that you can continue to eat if you can’t do it on your own. So I’m just saying, you really need to be thinking about this, having a plan. That’s the whole point. If by the way, you haven’t set up a strategy yet, click that Calendly link below, set up your strategy because it’s critical that you have them. Spare energy supplies are dwindling. Yeah. What are you doing to pick that up so that it has minimal, minimal impact on you? I know I’ve got my bug out location and I’ve been moving towards solar so that this kind of thing doesn’t impact me.
And talking about security, cause there’s all different levels of security, but Chicago reels with 75 shot 13 killed over the most recent long weekend. We’re not talking about 4th of July. I’m not sure exactly when this is airing, but we’re not talking about 4th of July. City’s total homicides since the pandemic have been much higher than the prior 10 year average. Part of that could be the isolation that went on for so long, making people feel so much more isolated. So what we need to do is we need to counter that. And you know, this is, you know, I’m going back, I mean all of these things, they’re not all separate. It’s not food. So if you take care of that, you’re good with everything else. Everything is interconnected. Food, Water, Energy, Security, Barterability, Wealth Preservation, Community and Shelter. They are all part of what you need to sustain a reasonable standard of living and to keep yourself and your family safe because it’s not just happening in Chicago. City’s total homicides since the pandemic have been much higher than the prior 10 years. But the Juneteenth holiday, so that was the three day weekend, they’re referring to the June Juneteenth holiday, A day to commemorate the end of slavery in the US was marred by a wave of gun violence that swept across the country. Several incidents were also reported in San Diego, California, Flint, Michigan, and Milwaukee, Wisconsin. So, you know, security, there’s all different kinds of security. We’ve been talking about food and water security, but also personal security. I gotta say I love my security shutters. They can shoot guns at them and they won’t come through. So I’d be safe here. I like it even better in a remote location as long as I have the heads up, which I think I’m gonna know when it’s time to head north. Not yet, but we’re, we’re not too far from there. That’s why you see me working voraciously on that.
Barterability. Okay, let’s pan out because everything that you see here, well wait, we’re not panned out yet. Okay? Everything that you see here is barterable, right? You can’t live without food. You can’t live without water. But this is money. This is the most important money because again, you cannot live without this. So any talents you have, that’s barterable too. This could be a great time to really hone some new skills, learn some new skills, hone some old skills, grow some food. It’s really, it’s not as hard and complicated as you think. You don’t have to do it at a crazy level. You can start small, but it does also make sure it ensures that you can, and your family can eat and others can eat. And let’s go back because barterability, they created, okay, this was the first money, then they created this stuff to mimic real money, and that’s what we use to buy stuff with. But when you go to the dollar stores, what the dollar stores stumbles says about the economy, because typically when we go into a recession or we go into problems, people will scale back, right? So they’ll go to a lower level of product to stretch their dollars further. And that’s why a lot of times during these kinds of economic periods, dollar stores actually, and those kinds of stores actually do quite well of people because people are trading down. But their performance validates the notion that the economic pain coming out of the pandemic is concentrated among low income households. And there’s an adage in retail that dollar soar stores do well in economic downturns, but not this downturn. So what’s actually happening here, a line of retail executives from Home Depot to Target Corp and Costco Wholesale Corp have recently intoned on the reluctant shopper consumer confidence, which actually just came out. So I’m gonna pull it up because it’s saying that it’s at the highest level since 2020 maybe. So I haven’t had a chance to pull it up yet. But consumer confidence is at its lowest in six months. And about half of Americans say they’re switching to cheaper brands to save money. Dollar Tree Inc. Dollar General Corp, and Five Below Inc, which generally serve low income households, should thrive in this environment where they can keep their core shoppers and pick up new customers seeking bargains. Instead, the dollar stores cut their earnings outlooks anticipating a challenging year. So if dollar stores are a barometer for recession, the economy seems far from one that is unless you’re poor. And the weakness is always shown first in the most vulnerable areas, whether it’s the emerging markets or the low income consumer, which I’d like to point out to you that those low income consumers are where you had the biggest salary gains and still people are struggling. So if you’re not, thank goodness, get prepared so that this is not you into the future. Because when we look at a country like Venezuela, where you’ve got 90% of the population in abject poverty, it wasn’t always like that. Food, Water, Energy, Security, Barterability, Wealth Preservation, Community and Shelter. Get it done. If you’re waiting, if you’re procrastinating, why? Why? Because silver and self-sufficiency, all of this food is really the best tool of barter. What skills do you have? Those are barterable. What skills could you develop? Self-Sufficiency. That’s what’s coming into the future, that is going to be sorely needed that can put you in a much better position to survive this.
Because honest to goodness, the Fed who is fighting for their credibility now, they gave it away last summer, now they’re fighting for, it says tighter credit conditions to weigh on US growth. No kidding. What he is saying is we are not done raising rates yet. So you have the markets that are saying you are done. In fact, what we want you to do is drop the rates down. If they were to do that, then you’re going to see headline inflation start to explode again. And that puts their control in jeopardy. So they are fighting the markets, they’re gonna show the markets who’s more powerful, or maybe the markets are gonna show the Fed who’s more powerful. But the way the Fed is gonna do it is with credit tightening, maybe larger for sectors that depend more heavily on bank credit, such as, ah, commercial real estate. And we already know that that area is falling apart. And the small business sectors, those that have managed to survive what’s been thrown at them, because we’ve been watching a demise of the mom and pop since 2000. Thank you Amazon. Not a level playing field. None of this is a level playing field, so don’t believe it. The Federal Open Market Committee. So that’s the FOMC pause. Don’t call it a pause by the way, but pause. It’s series of interest rate hikes Wednesday for the first time in 15 months, but policymakers projected two additional quarter point hikes this year more than previously expected in response to surprisingly, I don’t know why this is a surprise. I don’t know why this is a surprise. Honest to goodness, why is it such a surprise? Can anybody tell me? It’s just ridiculous, but okay. Surprisingly persistent inflation and labor market strength. So what they’re doing is they’re changing the narrative, but either way, you just watch your purchasing power go to nothing. Yeah, you’ve gotta conserve your wealth and all the things that we talk about on Mantra Monday’s is how you do that.
And communities, communities come across and are created for many, many different reasons in the UK loses nearly 4 million days to the worst strike since 1990, which also was when I think it was brown sold all of the gold in the UK’s coffers. Hmm, kind of interesting. But this goes all the way back to the early nineties as we were making the transition into this period and remember the UK many years ago before the US got the mantle of the World reserve currency. Well, the British pound was the world reserve currency. So what happens is when people get beaten and bloodied and bruised enough, they make different choices. And one of them is to come together in community and say, no, we do not accept that. Okay? When you look at CEO compensation to the average worker compensation back around that period of time, it was probably something like 20 to 25 times the average worker’s salary. Now it’s thousands of times, right? That doesn’t lead to inflation. It’s the salaries that they have to pay the masses that leads to inflation. But just understand that transitions into new systems are very, very hard. So if you can be proactive in your community, see what you need, look at this mantra, see what you need. Maybe there’s one area that you can fulfill, but another area that your neighbor can fulfill. And by the way, we have the thrivers, which are building communities really all around the world. I think most of them are in the US but there are people that are able to come together in, in areas now. And I think that’s critically important. Community is arguably one of the most important pieces because it takes a village, takes a village to survive, it takes a village to raise a child, right? It takes a village and that’s what a community is.
In New York City where they have rent stabilized apartments. Well, they’re back in a price hike. Now, I know a lot of people rushed to real estate thinking that that would protect them through hyperinflation history shows. I’ve shown you this before. History shows that it does up to a point. And then there’s a tipping point where it no longer does, is that has New York City reached that tipping point? Landlords had lobbied the board to approve a large increase to cover rising expenses while tenants and advocacy groups called for our rent rollback. Mayor Eric Adams, a landlord himself had previously cautioned that substantial increase, it could stretch renters beyond what’s affordable, while acknowledging that property owners face cost challenges. Yes, they do. And what ends up happening is the government ends up capping prices on things. So who, who’s the one that is most in jeopardy? Is it gonna be the renter that, as you might recall from a couple years ago, even if people weren’t paying their rent, the landlords couldn’t kick them out? Or is it the landlord and the property owners that have to pay more and more in property taxes, in utilities, in all sorts of, all these different areas, but yet they can’t charge more for rent because it does come to a point where it is about affordability, so that this is why there’s a time to buy that kind of real estate. But it’s when it’s really undervalued and a lot of people flew to it in order to protect themselves from inflation. And it does work for a while, but then there comes a point where it doesn’t work. And what you’ve built is, you know, kind of a problem.
Now, part of strategy is if you need to recoup income, how can you do that? So if you talk to, you know, if you click that Calendly link below and you talk to one of our consultants, and, and if you are a property owner and you’re counting on those rents to cover your costs, you need to make sure that you have that part of the strategy covered. And, and we’ve gone over that. So if you have any questions about that, give us a call because it’s not all doom and gloom. So again, there’s that Calendly link. If you don’t, oops. Have your strategy in place, click it, set a time and make that happen. Also, don’t forget to subscribe to the Thrivers community. You get a lot of exclusive and real time content. You get me directly every single week for a conversation. So it can be questions and answers, it can be many things. I mean, we just did a live event this morning where I brought in a guest who is all about permaculture and aquaponics, and then we got to ask her live questions afterwards. So really there’s a lot of value there. If you haven’t checked it out, you definitely want to. And if you haven’t already, make sure you subscribe to Beyond Gold and Silver as well as the ITM YouTube. Leave us a comment, give us a thumbs up and share, share, share. And until next we meet, please be safe out there. Bye-Bye.