0:00 Mantra Monday
7:55 Wealth Preservation
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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’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 a very proud prepper. So I’d like to welcome you to Mantra Monday’s, and let’s just jump right in.
You know, there’s a big reason why Food is the most important issue for most people. And here we go, soybeans hit a seven-month high on Argentina’s supply concerns. So you might say, well, I don’t really eat a lot of soybeans. But what most people don’t realize is how many, how much soybeans are used in processed food? They’re used in a wide variety of foods for humans and animals, as well as for industrial and consumer products, such as building materials, lubricants, and other household items. So this is going to have an impact on inflation. I know we’re hearing, oh, it’s slowing down, it’s still extremely high, and this party is not over. So make sure that you have food security. You’re the only one that can really secure your food, and there are lots of different ways to do it. And we talk about it, you know, on this channel.
Water, you know, what are the impacts of water insecurity? Well, let’s go back to food production, because you’ve gotta have water in order to grow food and agriculture uses 70% of global water supply and suffers the most from water and security. So what can you do personally to ensure that if you do have a garden, you can grow your crops? How can you capture water? Again, these are things that we talk about, but here on the farm, that’s why I put in five different ponds plus all the fish in those ponds make great fertilizer. So, and I constrain that water through my Berkey filter and drink it. So I think it’s critically important to make sure that you are water secure. And again, there are lots of, we all have these choices. We just have to make, we just have to execute them, okay? So you have to look at your personal circumstance, and I could tell you, for me, I would say, where am I the most vulnerable? And I would work a little bit in that area till I didn’t feel as vulnerable, and then I would go to the next area and work on that. The foundation really does have to be your ability to barter so silver and gold, but water insecurity leads to food insecurity and also water insecurity itself. So make sure that you are covered there and your family is covered.
Now, this is really key, this is critical, and we’ve been watching the destruction of the US dollar as the world reserve currency really started the end of 2000. And what you really need to understand that, and if you go to the ITM channel, I’m gonna do a whole piece on this, but what you really need to understand is that it was, it was the US agreement with Saudi Arabia that created the petro dollar. In other words, in those in the Middle Eastern countries that sell gas and oil, they sell it for dollars and that created this whole artificial industry for countries needing to buy dollars. Well, if Saudi Arabia accepts all other currencies or any other currencies for their oil, that kills the petro dollar. And what do you think that that might do? Have any of you traveled to Europe? I’m sure you have. I’m sure you’ve noticed how much more expensive it is to put gas in your car there, these prices, because a lot of it, I mean, it is, it’s priced in dollars. So if that shifts in Saudi Arabia and in the oil producing countries, it’s going to have an impact in this country. Make no mistake about it. And we will see they keep talking about soft landing. I’m gonna talk more about that. You know, I just did a video on that as well. There is no soft landing ahead. They just want you to keep your wealth in the system. But there are no issues with disgusting how we settle our trade arrangements, whether it is in the US dollar, whether it is in the Euro, whether it is in the Saudi riyal, or whether it is in the Chinese yuan. What happens to energy prices in the US if the petro dollar is indeed dead and it’s been dying a slow death. But we’ve talked many times in the past that Saudi Arabia is changing the terms, and, and I can’t say that I blame them. I have no judgment on that one way or the other, but what that leads to is a lot higher prices.
And when people are hungry and hopeless, they make choices they would not otherwise make. So what have you done for your personal security planning? The most recent thing that I’ve done, and I’ve shown it to you, is put in security shade shutters. But there are also security screens that can prevent this. I also have security doors, so at least you can be safe in your home. Where are you gonna make your last stand? This is also why I did the bug out location so that if I get nervous about what’s happening, I have another place that I can go to with family and friends and and people in the community. So we’ll talk more about that in just a second.
But, you know, I’ve told you many times anything physical is barterable, but so are your skillsets. This is not an exhaustive list. Any skillset that you have is barterable. That’s the importance of being again, inside of a community where you can share these skill sets. But are you, what, what skill sets do you have? Is it time for you to develop some skill sets? How about gardening in your backyard and laying that irrigation? I’ve told you many times too, if I had to, because I did this myself for a very long time, I can lay irrigation. Do I really wanna lay irrigation? No, I’m 68, I don’t really wanna lay irrigation anymore, but I could if I had to. That is a very barterable skillset, home defense, animal husbandry, medical care. So what can you personally do to enhance and support the skill sets that you already have or even develop some new skill sets like foraging or many other things? So I want you to think about that because for a while, as we go through hyperinflation, things will get very, very local. So this is when your skill sets will come in very handy, as will silver barterability and anything physical.
Oh my goodness, US debt crisis worries, sorrow or Davos optimism on global economy. We just recently had the global yield curve inverts that has never happened since they started tracking everything. Yeah, they should be sour. They’re trying to now sell us on a soft landing, sell us this bill of goods, this party is not over and we are now in 2023. Part of what they’re worried about is the debt ceiling issue. Are they gonna raise the debt ceiling? Probably, I mean, I can’t guarantee it, except probably, but what we don’t know between now and when that actually happens is how much of an impact that’s gonna have. You might remember that in 2011, the US credit rating was downgraded from AAA to AA. Are we are going to see with all of the, the problems that we have in cooperation amongst our government Democrats and Republicans? Are we going to see a thing like that again? Are they going to push it to the last second because we’re already on extraordinary measures, right? And that can go on for a little while I think until June. This is the most current date that I’ve heard Janet Yellen say. But you know, this is really a game that they are playing with your wealth and keeping you in the system because when the stock markets and bond markets and real estate, when all these markets implode, if that’s the only kind of wealth that you’re holding, you can watch much of it evaporate. And who are you gonna call? Who are you gonna complain to? Nobody. You have to really become your own central banker more than a decade. Referring to 2011 after one debt ceiling standoff led to a sovereign US rating downgrade, financial market turmoil, and a weakened economic recovery political battle lines are again, being drawn. And you know, I’ve said this before. We have got the, we have got the transition from LIBOR to SOFR’ issue that is supposed to be completed by the end of this month. We now have the biggest threat to our ability to do that. The CLOs I’ve done, and maybe Edgar, you can put some links to the recent piece I did on CLO’s in there. And CLO’s are now starting to push back. We need a really big crisis before the middle of June to distract the fact that they really can’t do it. And so when I see this kind of thing, I wonder, and others, I mean, we’ve talked about this, I wonder if this isn’t an excuse to have that crisis. Like, oh, who could see this coming? Well, a blind monkey can see it coming if you know what to look for. And that’s my job. And that’s why you need to subscribe and that’s why you need to be paying attention to the videos. And oh, there’s a lot of other talent out there as well. So there are many of us that can actually see this. And I’m glad that you’re here watching today because you need to see it too and make choices that actually help you because frankly, this is not the way a political fight should occur. Markets haven’t priced it in. No, they haven’t priced any of this in. But what do you do? You open up your statement and as long as things seem relatively okay, then you’re okay, you’re not okay. Ignorance does not make you immune. It just leaves you vulnerable.
And what what happens is that vulnerability spills over since 2017, and this is data as of January 10th, there have been over 400 significant anti-government protest worldwide. A hundred, more than, 132 countries have experienced significant protests. There’s only 196 countries in the world. So you know, we’re getting up there. 23% of significant protests have lasted more than three months. You know, this was growing a lot prior to 2020, then it got shut down. It’s growing again. When people are hungry and hopeless, they make choices they would not otherwise make. And the last one, not the least one, a hundred and thirty five significant economic anti-government protests have occurred since 2017, and I bet would be most of them happening in the last year. So this is growing. When people come together in community and say, there’s something fishy here, there’s something that’s not right here, and they come together, this is the biggest threat to those guys at Davos, to the guys that are in charge to the central bankers, to the governments. And we’ve been watching governments be overthrown. They have to keep you having confidence that they can get us through this. And, and, but honestly, this is a currency life cycle issue. The fiat system that we have grown up with, well, it, it changed in 2008, that’s when it died. And it’s just been on life support until they can get the next system in place to transfer us into, are you going to agree to a full surveillance economy?
I’m not. And how do I vote with that? You say, well, what choice do we have? This is how you vote guys. You have, you make sure that you have Food, Water, Energy, Security, Barterability, Wealth Preservation, Community and Shelter. You create, you become your own central banker, as a community you band together to get through this mess. That’s what you do. And if the high inflation is waking people up, I say, hallelujah. And if a sketchy stock market and bond market and real estate market is waking people up, I say, hallelujah. We have to come together in community.
Okay? So you know how many people thought that shelter homes were all the answer? And they created that bubble just like they did after 2000. They created that real estate bubble that popped in 2000 and actually popped in 2005. That’s when the peak was hit. Even though it didn’t become obvious to everybody until 2008. These things happen slowly and quietly and invisibly until they don’t. Are we at this until they don’t moment? Because this is the lowest since 2010. And nearly yearlong decline is the longest on record. Do you see what’s happening? Can you get yourself and your family into a position to weather this tsunami, this hurricane? This isn’t gonna be what’s coming up is not gonna be a little recession. It’s not going to be recession light or a soft landing. This is gonna be a very hard landing. Are you ready for it?
Until next we meet. Please be safe out there. Bye-Bye.
US Debt-Crisis Worries Sour Davos Optimism on Global Economy – Bloomberg