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.
// 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