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From Debt to Hyperinflation: More Banks to Collapse As System Implodes, ‘They Need a Crisis’ – Zang




Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Lynette Zang, Founder & CEO of Zang Enterprises & LynetteZang.com, who says that one year after the 2023 banking crisis, U.S. banks are once again on the brink. Zang dives into the health of the banking sector, her macro outlook, and what’s next. She forecasts that massive U.S. debt will force a major pivot by the Federal Reserve and explains what it will mean for inflation, markets, the U.S. dollar, and public confidence. Zang warns that the next financial crisis could usher in a central bank digital currency (CBDC) and outlines the consequences and potential ways out of the system.

Summary

The conversation explores the risks and challenges faced by the banking sector, including the potential for more bank collapses and the transition to a new financial system. It discusses the expired Bank Term Funding Program and the warning from the International Monetary Fund about the exposure of the banking sector to commercial real estate. The role of private equity in the banking sector and the potential for further consolidation is also examined. The conversation highlights the insolvency of banks and the risk of a crisis, as well as the impact of inflation and the loss of public confidence. The role of gold as a hedge against inflation is emphasized, along with the potential for hyperinflation. In this conversation, Lynette Zhang discusses the loss of confidence in the US dollar and the rise of de-dollarization. She highlights the potential role of central bank digital currencies (CBDCs) in the banking consolidation and the implosion of the current monetary system. Zhang argues that a crisis will pave the way for the adoption of CBDCs, despite reassurances from central banks. She also shares her belief that Bitcoin was designed as a Trojan horse to normalize digital currencies and lay the groundwork for CBDCs. Zhang emphasizes the importance of building local and global communities to protect against the current system and advocate for alternatives like gold and silver.

Takeaways

The banking sector is at risk of further collapses and consolidation, as the transition to a new financial system continues.

The expired Bank Term Funding Program and the exposure of the banking sector to commercial real estate pose challenges to the stability of the system.

Private equity plays a significant role in the banking sector, potentially delaying the banking implosion but leading to further consolidation.

The insolvency of banks and the risk of a crisis highlight the need for a new financial system and the importance of preparing for potential collapses.

Inflation and the loss of public confidence in fiat currencies underscore the value of gold as a hedge against economic uncertainty. Loss of confidence in the US dollar is leading to a rise in de-dollarization and the search for alternative assets like gold and silver.

A crisis will likely be the catalyst for the adoption of central bank digital currencies (CBDCs), despite reassurances from central banks.

Bitcoin may have been designed as a Trojan horse to normalize digital currencies and pave the way for CBDCs. Building local and global communities is crucial for protecting against the current system and advocating for alternatives like gold and silver.

Chapters 00:00 Banks Collapse and the Transition to a New System 01:03 The March Banking Crisis and the Expired Bank Term Funding Program 03:22 Banking Collapses, Consolidation, and the Role of Private Equity 07:31 The Insolvency of Banks and the Risk of a Crisis 12:32 Expectations of Further Bank Collapses and Consolidation 22:03 The Looming Mountain of Debt and the Fed Pivot 24:57 Inflation, Loss of Confidence, and the Role of Gold 28:03 Monetary Velocity and the Potential for Hyperinflation 34:03 Loss of Confidence in the Dollar 35:57 De-dollarization and CBDCs 36:51 Banking Consolidation and CBDCs 37:47 Assurances from Fed Chair Powell 38:46 CBDCs through the Banking System 39:45 Perception Management and CBDCs 41:09 Transition to a New System 42:34 Global Pursuit of CBDCs 43:26 Positive and Negative Aspects of CBDCs 44:19 Justification for CBDCs 45:18 Crisis as a Catalyst for CBDC Adoption 46:17 Impact of CBDCs on Choices and Freedom 47:41 Geopolitical Crisis and Financial Crisis 48:10 Divisiveness and Perception Management 50:58 Bitcoin as a Trojan Horse for CBDCs 52:51 Bitcoin’s Role in Normalizing Digital Currencies 54:46 Bitcoin’s Design and Timing 56:46 Gold as an Alternative to Fiat Currency 58:36 Gold Confiscation and Collectibles 59:58 Building Local and Global Communities



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elocal Digital Edition – April 2024 (#276)

elocal Digital Edition
April 2024 (#276)


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