🌱 Welcome to Mantra Monday, where we dive deep into topics crucial for independence and self-sufficiency. Join Lynette Zang as she discusses her mantra: Food, Water, Energy, Security, Barterability, Wealth Preservation, Community, and Shelter. These are the key elements you need to navigate the current period of transition successfully.
CHAPTERS:
0:00 ITM Trading
1:39 Food
2:41 Water
3:45 Energy
5:44 Security
7:47 Barterability
10:52 Wealth Preservation
12:29 Community
14:11 Shelter
TRANSCRIPT FROM VIDEO:
With rising inflation bank failures and massive layoffs across multiple sectors, the future of the economy remains uncertain. It’s no wonder the central banks have been getting prepared by stockpiling gold. At ITM trading, we have spent over 27 years building a team of seasoned researchers and analysts who can help you prepare for any financial crisis. Our experts are ready to provide you with proven strategies to safeguard your wealth and assets in the event of an economic downturn or currency reset, which is frankly inevitable. Don’t wait until it’s too late. Schedule your free gold and silver strategy call by clicking on the link in the description below.
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.
Welcome to Mantra Monday where we talk about Food, Water, Energy, Security, Barterability, Wealth Preservation, Community and Shelter. And I show you really where we’re at because these are all the things that you need to, to have around you to be as independent and self-sufficient as possible. And that is critical during the period of transition that we’re in right now.
So let’s just start with food security. Here’s an update, agricultural and cereal price trends. Guess what those trends are, and this is through four 18 up. So they may be saying that food is coming down, that inflation is coming down, but you can’t live without food. And this means that food security is getting worse, not better. So what are you doing to prepare for your own food security? Putting food back, long storage, food, growing some fresh food, holding some, some sprouting seeds in your freezer? There are lots and lots of options depending upon your circumstance and and what budget you have. But it is critically important. I mean, go to the grocery store today. Have you noticed that the shelves are not as full as they were before the pandemic? Yeah, they’re not. And that’s not getting any better.
Water. Billions still lack excess to safe drinking water. This is a global human rights catastrophe. It is. Water insecurity, including everything from a lack of drinking water to the threat of homes being swept away can have serious implications for people’s wellbeing. So again, what these are the things that you need to be planning for and executing and making sure that you’ve got rain catchment barrels or some kind of rain catchment. Here at the farm, I’ve set up a lot of ponds for rain catchment and then a way to filter the water. But it is critically important because you cannot live without food and you cannot live without water and you need water to grow the food. So I think that these are aside from making sure that you have your wealth preservation so that hopefully you can buy what you haven’t got in place. But these would be two things to get in place as quickly as you possibly can.
Energy. Wall Street is finally going to make money off the Permian. We’ve talked before about how Wall Street and really this started in the early eighties, the seventies and eighties as we were transitioning. And inflation was handed over to the central banks and to Wall Street banks. And they’ve converted every single asset into a financial trading product. And so it’s more about making money than it is about the betterment of the population. The industry is under increasing pressure from impatient stakeholders on Wall Street. The actual embodiment of the financial system, the end of the oil production boom isn’t the end of the industry. It will just change personality becoming more pliant to the profit motives of Wall Street. Indeed, less output growth means better return for stockholders and that also means that things are going to cost you more, whether it’s oil or water or food or anything else because that’s who’s really pricing this. Consolidation. As the shale industry matures, bigger companies are buying the smaller ones and the net result is a decline in activity. And this is true in every single sector. And we’ve just seen a major consolidation in the banking sector. When JP Morgan went ahead and bought SVB, did they buy SVB? No. First Republic, I’m sorry, little head cold. Okay, first Republic. So who’s really determining the price? Not just of oil but of everything that we buy. It’s traders. It’s not a true supply and demand market. This is a true supply and demand market.
The link between joblessness and social unrest. I think this is really, really important because we’re seeing this more and more and especially since what the central banks want is for higher joblessness. But that also adds to social unrest because when people can’t support their families, they make choices that they would not otherwise make. The annual World of Work report reveals that the world economy is no better and the risk of social unrest has increased dramatically in rich countries. As a result, the ILOs calculations are based on levels of disconnect, discontent over the lack of jobs and anger over perceptions that the burden of the crisis is not being shared fairly. And that means that social unrest, especially as we go through this transition, is going to be a huge issue. So what are you doing to make sure that your personal safety is secure? You know, I mean I have my bug out location and I feel quite blessed and lucky to have that. But I will also tell you that there are other options like the security shutters or security screens. But you have to think about these things and, and there are ways to do it with basically no money putting really nasty, thorny viny things underneath each window. So you know, you just have to make it more challenging for anybody that wants to come to your home because if they see that and if it’s hard and get a dog, even a little dog will make a lot of noise. So there are a lot of things that you can do depending upon your circumstances and your budget to help make sure that you are a lot more secure.
Barterability. American households struggle as inflation continues. Now what I think is really interesting because what is this garbage, right? I mean it might as well be this, it’s, it’s just monopoly money, right? The difference between this and let’s say here’s a ripped bill, this is that this I could take to the store and they’d accepted this. At this point they won’t. But that’s the only difference between these two to tell you the truth. And the purchasing power value is probably sorry about this. Better on this than it is on the other. So anytime a government can create money at will, it loses its value. This they can’t do that with this creates fiscal responsibility. But it’s your true safe haven and it’s always barterable though frankly I like silver for barterability personally myself. But inflation causing hardship for majority of US households share of US adults saying that price increases have caused financial hardship for them by household income. So all households, as of 2022, 56% of everyone said that inflation is causing hardships. And the interesting thing is is this is August, 2022. It’s even worse today. They haven’t been able to get inflation under control cause we’re at the end of this currency’s life cycle and it really is just that simple. They’re virtually no purchasing power left and they had given up interest rates. So they’re raising them only so they can drop them again and create more debt. This is a debt-based money. Debt-Based money. And when you have a debt-based money, you have to continuously grow more debt or this has no barterability. It’s only held together by confidence. But when that confidence is gone like we are seeing in Zimbabwe, then governments have to bring this back and this back cause that’s what people trust. It’s really that simple. What will you have to barter with? Now anything that is physical is barterable and any talent that you possess is also barterable. So maybe it’s time to get some new skills. Maybe you have a Marriott of skills that is all barterable. It’s just that this and this are more globally recognizable. That’s all. But you have to have something to barter with. So maybe you wanna brush up on some new skills or learn some new skills? But, and even toilet paper as you might recall, that’s definitely barterable.
Wealth preservation. What I think is interesting, the Texas town with the biggest US pay raise keeps Powell on hiking path. So this is a big problem that the central banks are having is because of this tight labor force. There are commanding, workers are commanding higher pay. That’s the opposite of what Powell wants. He doesn’t want workers to be able to command more pay. That’s the beauty of that 2% inflation is people don’t ask for more money because it’s happening slowly enough. That’s what stability, price stability is. It’s not that the things that you buy remain the price remains the same. It’s that your salaries, your wages remain the same. What that looks like to an inflation fighting central bank is a wage price spiral where pay and prices drive each other higher. And if kind of a dynamic can take hold in places like Midland, Texas, it can spread to the rest of the economy too. So no, they want you to be happy like one of the economists at the Bank of England. Said stop asking for more money except that you’re a lot poorer. Just accept it. Well, I’m not telling you to accept it. I’m saying position into something that can protect your purchasing power. And this has been proven golden silver have been proven historically, but this is the other piece.
And community is arguably the most important part of the mantra. And people are basically wired to be social. But what’s really been happening actually since the seventies is that we’ve been more divided, more separated and not as social especially through the last few years. But people need people for sure and the positive effects of socializing as human beings, we are social creatures by nature instinctively. We don’t like feeling alone. And our bodies and brains actually function better when we are surrounded by others. We are basically wired to be social. If you were to Google why humans need humans or anything along those lines, you’ll find a plethora of articles explaining why social connections and friendships are vital to our health and wellbeing and our mental health. This is so incredibly important and that’s frankly what beyond gold and silver and the Thrivers community is all about. Because a lot of people understanding what’s actually happening, trying to tell their family and friends feel like they are all alone. But this is what I want you to know. You’re not alone. There are a lot of other people that understand what’s happening. So come join us in Thrivers, become part of that community so you won’t feel alone cause you’re not really alone and we’re all there to help support each other in this community. It’s critically important.
But you also have to have shelter. You have to have a place to live despite larger down payments and higher loan fees. Let’s take a look at this. What I think is really interesting in their attempt to support house prices, things have changed in the mortgage market. At every credit score tier, a home buyer with a down payment of roughly 20% will pay higher credit fees than they would by putting down less. But don’t forget, you may save on fees with a larger down payment, but you’re also likely to end up on the hook for private mortgage insurance. So basically if you put down under 5%, your fees are about roughly a third of what they are if you only put down that 20, if you put 20% down, you put 5% down, your fees are about a third of what they would be. If you put 20% down and the extra charges additional monthly cost on a $400,000 loan over 40 years, you’re paying a whole lot more. So what they’re doing is they’re, they’re supporting and looking to get those most naive, those with the least ability to really afford this downturn into homes in an attempt to support the mortgage market. The big change is that on a conventional mortgage borrowers with down payments between 5% and 25% will pay more in fees than those who put down less than 5% of the home’s value. Isn’t this always the way that they do it? You take the most naive and you get them into it. Those that can least afford to lose the most and then they’re the ones that really eat it in the shorts. At the end of the day, it’s just not right.
So this is Mantra Monday for you. Please make sure that you watch the rest of them. And if you have any questions, just send ’em into questions@itmtrading.com. Make sure you subscribe, give us a thumbs up. If you like it, leave us a comment. But definitely become part of the community. Check us out on the thrivers community app at thriverscommunity.com and make sure you look at the other ITM channels, ITM Insights, ITM Espanol, and of course our economic channel. And until next we meet. Please be safe out there. Bye-Bye.
SLIDES FROM VIDEO:
SOURCES:
https://phys.org/news/2023-04-billions-lack-access-safe-waterthis.html
Higher Oil Prices Means Wall Street’s Shale Investments Will Finally Pay Off – Bloomberg
https://www.epi.org/blog/link-joblessness-social-unrest/
https://www.weforum.org/agenda/2022/09/inflation-causing-hardship-us-households-money-income/
The Fed, Inflation and Biggest Pay Raise Town of Midland, Texas – Bloomberg
https://www.ifit.com/blog/people-need-people/
https://www.forbes.com/advisor/mortgages/mortgage-fees-rise-in-may/
