A Global Currency Collapse in 2023? with Lynette Zang (WiM312)
The "What is Money?" Show
The Different Uses of Bitcoin
"I don't know that Bitcoin has the ability to do that because it's not real. It's intangible," he says. "Once you really grasp the concept that this currency is losing all value, just like over 4,800 currencies have,. Then you start to make different choices." He was there as a stockbroker on Black Monday in 87 and loves being his age.
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
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Website: https://beyondgoldandsilver.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
// PODCAST //
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