Bitcoin: The Biggest Drawback

In this episode, Lynette Zang joins me to discuss the financial situation of Zimbabwe, the pros and cons of Bitcoin and Gold, the new era of surveillance, and why we’re facing a hyperinflationary depression. 

Lynette Zang is a Chief Market Analyst at ITM Trading. She is also the founder of Jewel of Encanto Urban Farm.

// GUEST // 
Twitter: https://twitter.com/itmtrading_zang 
Website: https://linktr.ee/itm_trading 
Website: https://beyondgoldandsilver.com/

// SPONSORS // 
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iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Gold Investment Letter: https://www.goldinvestmentletter.com/
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// OUTLINE // 
00:00:00 - Coming up 
00:01:18 - Intro 
00:02:49 - Helping Lightning Startups with In Wolf's Clothing 
00:03:35 - Introducing Lynette Zang 
00:04:21 - The Current Financial Situation in Zimbabwe and the Conflict with IMF 
00:06:38 - Public Confidence in Central Banking is Completely Zero 
00:07:33 - Zimbabwe is Trying to Get Back to the Gold Standard 
00:09:21 - The Lifecycle of the Fiat Currencies is Coming to an End 
00:12:41 - Central Authority Still Controls Public Financial Rights 
00:14:01 - Gold vs. Bitcoin: Which Is Superior? 
00:19:20 - Four Basic Properties of Money and the Shortcomings of Bitcoin 
00:22:31 - Maximize Your Profits with Gold Investment Letter 
00:23:28 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:24:24 - Take Control of Your Healthcare with CrowdHealth 
00:25:26 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:26:17 - What Would Cause to Change Lynette's Mind on Bitcoin? 
00:32:36 - Why do the Nation States Keep Buying Gold? 
00:36:14 - We're Facing a Hyperinflationary Depression and a Global Currency Failure 
00:42:19 - Will the Private Ownership of Gold be Outlawed Again? 
00:43:41 - A New Era of Surveillance, Control, and Enforcement 
00:47:38 - A Chance to Win Discounted Tickets to the Bitcoin 2023 Conference and 10M SATS 
00:48:34 - Hold Bitcoin in the Most Secure Custody Model with Casa 
00:49:22 - The Demolition of the Commercial Banks and the Transition into CBDCs 
00:52:59 - The Derivative Market Problem is Only the Tip of the Iceberg 
00:55:38 - The Transition from LIBOR to SOFR 
01:00:48 - The Problem with the LIBOR to SOFR Transition 
01:03:26 - The Introduction of FedNow and the Rollout of CBDCs 
01:06:56 - Where to Find Lynette on the Internet 

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