The impact of inflation on your financial well-being. Gain valuable insights into precious metals like gold and silver, and the mantra. We discuss tangible strategies to safeguard your wealth.
00:25 Welcome to Mantra Monday
08:50 Barter Ability
10:35 Wealth Preservation
16:35 The Strategy
17:53 Take Care
TRANSCRIPT FROM VIDEO:
Lynette Zang (00:05):
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.
Lynette Zang (00:25):
I’m Lynette Zang, chief market Analyst at ITM Trading, and also a very grateful prepper. So glad that I’ve been in this industry my whole life so that I could recognize when the system died. And that was 2008. It’s gonna be become obvious to everybody else here shortly. I mean, I can’t tell you it’s gonna be Tuesday morning at 8 35, but it could be. Who knows? So welcome to Mantra Monday because these are all the things, the parts of the mantra are the things that you need to have in place to sustain a reasonable standard of living. Because everybody’s standard of living is going to change some for the better, some will, some for the worse. I would rather have it so that yours is for the better.
Lynette Zang (01:12):
So let’s begin. Congress puts federal support for urban farming on the chopping block. Now what I wanna point out to you is in Venezuela first they did the same kind of thing. So they discouraged people from having gardens, having chickens, having things like we used to during World War I and World War ii, where we had the victory gardens and people had their own food production. So they were able to, as hard as it was, weather that storm better. And in Venezuela, you know, people were like, they are here, trained away from it. But then when everybody was starving, they came out and said, oh, start this. Have some chickens do that. Well, you know, that makes it really hard to do because first of all, this all takes time and planning and effort, and you have to be able to find everything. So the time to start that is now, while we still have all of the choices, don’t be dependent upon contract on, on Congress or governments to give you the money or the means to do it. Find a local garden and come together with like-minded people. Lawmakers authorize 25 million annually in the 2018 Farm Bill. Congress must reallocate the money each year despite high demand for grant funding. The latest appropriations bills in the house and Senate would eliminate the funding entirely. So that makes us even more dependent. And when we just at a time when we really need to be more independent and less dependent on any government programs.
Lynette Zang (03:00):
Water, water stress is a global challenge. And you can see it. This is physical water stress in 2014. And this article just came out defined as withdrawals as a share of renewable surface and groundwater supplies. And I think that you can see that it’s growing. This is in the US that’s water stress. So what are you doing personally to make sure that you have all the water that you need to drink to cook for sanitation, to grow your food? What are you doing? Is there some way that you can gather rainwater? Here, I’ve done ponds up at the bug out location. I’m sitting on a beautiful aquifer and I have a, well, so, you know, and I’m off grid there. So actually I would be safer and the community would be safer up there, access to the water because if the water infrastructure goes down here in Phoenix, I, I, I mean I have a 75,000 gallon pool that I converted to a pond and I have several other ponds that I put in place. But without renewing that water, it can become scarce and it can become a problem. So this is something that you need to think about. And, and by the way, just so you don’t get overwhelmed, how do you eat an elephant? One bite at a time. You take a look at, at all of these parts of the mantra, food, water, energy, security, barter ability, wealth preservation, community and shelter. And you say, where do I feel the most vulnerable? Then you go and you work in that area for a little bit so that you’re not as vulnerable there and you move on to the next area. That’s the way I’ve done it. But I’ve been doing it and, and well, I’ve been buying gold and silver since 2002, but I’ve been working on the rest of the mantra since I saw the system die in 2008. And I’m not done yet, but I’m more ready. At least I can sleep at night because I know I do have the basics covered and I have ’em covered for 40 people.
Lynette Zang (05:15):
Singapore’s power squeeze is tighter than its housing crunch starting from July 1st. The island’s energy market authority has imposed temporary caps on wholesale power prices to tamp down exceptional volatility. Now look, governments putting caps, we’ve just seen it in England too on food prices. Governments putting caps on what businesses can charge is a recipe for black market and a recipe for scarcity in anybody that stays in the normal market, right? Because their costs are not being capped. So we need to keep this in mind. It will bring some relief to a market where 3000% plus intraday spikes have become common since 2021. So who’s that moving the price? That’s traders. I’ve talked to you, I’ve shown it to you. This is true all over the world. It is Wall Street traders or traders in different markets that are moving the prices. 3000% plus intraday spikes. So destabilizing were these that even before Russia’s invasion of Ukraine, many of the city’s newly formed electricity retailers had thrown in the towel. They couldn’t honor their price plans for consumers and yet turn a profit. So they’re gone. And then you just have those that can comply, get government backing and support, et cetera. And then you have monopolies. And once they have you by those cajones, they can charge you anything they want, can’t you? So what are you gonna do about it? You have options. I suggest that you execute those options while they are still that opportunity.
Lynette Zang (07:11):
Because In Sweden, what are they doing? They look to change legislation to tackle the deadly crime wave. And this is another thing that desperate governments do. They change the desperate central banks, change the accounting procedures, governments change the laws. None of that is in your best interest. But Sweden government will propose changing both migration and criminal policies in an effort to stem a wave of gang fueled violence that has made September the deadliest month for gun crime since 2019. We are talking about Sweden. Do you hear things like this out of Sweden? No. They were the ones that pioneered cashless society, right? So, hmm, gun control, gang fueled violence. Hmm. But desperate people do desperate things. What are you gonna do to make sure that you are secure if you have to be in your home? What I did, if, if for some reason I can’t get to my bug out location, I have security shutters on every single window and security doors on every door. It’s just that simple. When I’m, when I’m down here, frankly, I lock myself in. I mean, I walk the property, my neighborhood is nice, but it’s not gonna matter how nice a neighborhood is. Desperate people make desperate choices. You have to consider nasty, spiny plants. What can you set up and knowing your, your neighbors in community, that also makes you safer.
Lynette Zang (08:50):
And you need to consider all of these things because frankly, the outlook for inflation, it’s sticky. And that really has an impact on your barter ability. What you can buy. It doesn’t matter how many dollars you have here in the US or wherever else, it’s called dollars. It can be called yuan. It can be called anything. It doesn’t matter. It doesn’t matter how much of this crap that you have, it matters what you can do with it. I mean, what is this? That’s 20. Okay, that is, okay, here we go. This is 10 trillion Zimbabwe dollars. Do you know what I can buy with this? Not one thing. It has no value. And Zimbabwe, I’ve been trying to keep track of how their gold back CBDC’s is doing since they launched it. There is nothing. It is dead silence. I don’t know, but I’ll continue to look When there’s something new, I will let you know about it. But what this really means when they say that it’s sticky, it means it’s not going away. Maybe some of the core inflation, some of the inflation is not rising at at as fast a level, but prices will continue to rise because that is the design of this crap. Not in your best interest. You don’t realize it, you don’t see it, but you do feel it when it happens to quickly. That even puts central bank credibility and the currency’s credibility in question. Not really a good thing.
Lynette Zang (10:35):
And let’s take a little look at wealth preservation. And I did this with silver because I know I talk a lot more about gold than I do silver. And that’s because gold is the primary currency. Metal silver is the secondary. But I put this in here because again, this is a paper market, it is a silver contract, and they can create as much silver as they want to. That will never, ever, ever, ever exist. But there’s an interesting pattern that is developing with silver, and that is a wedge formation. So like a piece of cheese. And you can see in a wedge you have higher highs and lower lows and then higher lows and lower highs so that it forms a wedge. If it breaks below this line, that is a breakdown. And you can’t anticipate that the spot price of silver is gonna continue to go down, even as the premiums in the physical price go up. Conversely, if it breaks above this wedge, then we’ve got a breakout. And we may see something similar to this where the price, the spot price of silver rose pretty rapidly because what you’re looking at here, it it’s like a spring, right? And when you hold your hand on a spring and you remove your hand, that spring is gonna shoot in a direction. And if it’s in this case, what you’re looking at, this wedge formation, if it breaks below, it’s gonna shoot down. If it breaks above, it’s going to shoot up. So I don’t know what that’s gonna do just yet. And does it really matter? No, actually it doesn’t matter because what actually matters is what happens in the physical only market and silver is getting harder and harder to get your hands on just like gold is. There’s a finite amount of it, and both of them are used across the entire spectrum of the global economy. So I thought you’d wanna see that because if you’re sitting with silver, don’t believe the lies. Don’t worry about the spot market. Just keep stacking. Same thing with gold. Don’t worry about the fake spot markets, just keep buying, holding, accumulating, get it done. This is what’s gonna protect you and retain your choices. It is, it’s simple.
Lynette Zang (13:13):
And I also want to promote community gardens because that is a great way. If you’ve never done gardening before, go there. There’s people that will be happy to teach you how to do it. And also, it’s a good way to find like-minded people because a lot of what I hear is that you know, nobody, I try and tell my family and friends and they look at me like I have three heads. People in a community garden is not necessarily going to look at you with three heads, and maybe they have more open minds, but it’s a great place to develop local community. We do, however, also have to make sure that we come together on a global basis. And that’s what Thrivers community is all about. Come in, help us make that community the community that you are looking for. Now, community gardens are a great, great way to increase food security, improve public health, and even reduce crime rates with a variety of setups, locations, and goals. They can play an important role in making healthy, ethical, and sustainable food available forevermore. People. Now, Morgan, that you’ll find, well, she does a lot of videos in here and you’ll also find her in Thrivers. That is her thing. Building communities and building community gardens. So she is a wealth of information that you have access to. Send her a question, join in, in a conversation, become part of the community because we are all in this together. And community equals support. We are here to support you, come in and help us support others and us. I mean, it’s, it’s really quite a beautiful thing. It really is. And it’s a great way to start your local community.
Lynette Zang (15:16):
US home prices rose in July to a record high level. Yeah, because there is, you know, with interest rates up where it is, if you’ve got an interest rate a two or three or 4%, are you gonna convert it to one? That’s that you’re gonna have to pay 7%. Some people are, certainly some people are, which is why you have the home prices up so high. But a lot of people are hesitant to sell and get rid of that inexpensive mortgage. Take on a lot more expensive mortgage. So can this continue? Well, it can continue until it can’t. And we’re seeing that in a variety of different places in the world where their real estate markets, Canada being one, where this too is going to shift and change and we will see a downturn in the prices. And the opportunity, if you’re in the right asset at the right time, at the right place, meaning gold, you’re gonna be able to pick up bargains. Now, no bargains, you gotta have a place to live. But for speculation, I, I wouldn’t buy real estate for speculation at this point. It makes absolutely zero sense. So, you know, think about it.
Lynette Zang (16:35):
If you have not yet started your gold and silver strategy, you wanna click that Calendly link below and get that strategy started and then executed. If you haven’t subscribed to Beyond Gold and Silver, do it. We are constantly publishing things in all of the different mantra pieces in an attempt to help you make educated choices that puts your best interest first. So make sure you subscribe and join our thriverscommunity.com because we are, we are all in this together. We know that debt bubble is popping. We can’t see all the things that are happening beneath the surface that are hidden from us in opaque markets. The derivatives have to be exploding all over the place and we just can’t see it yet. But like that Lehman moment back in September of 2008, this stuff was happening long before that, but, but the public couldn’t see it. Don’t wait until this next Lehman moment. Make sure you subscribe. Leave us a comment, give us a thumbs up. Share, Share, share sharing is caring. Come and join us.
Lynette Zang (17:53):
Be part of this movement, help make it better for everybody. Be the change that you wanna see. ’cause If not you, who, and if not now when. And with that, I’m gonna ask you to please be safe out there. Bye-Bye.