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5 Critical Questions About Money, The Gold Standard, Debt & CBDCs with Lynette Zang

Live Q&A Feb 22, 2023

Eric sources questions from Lynette’s viewers and Lynette responds with organic and unrehearsed answers. If you have a question for Lynette and Eric, please either submit your question though YouTube, Facebook, Twitter, or email to questions@itmtrading.com. If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease!

Have questions for the Q&A, email us at questions@itmtrading.com

Have questions about acquiring gold and silver? Call: 877-410-1414

VIEWER QUESTIONS:

Question 1: 0:54

I took some money out of my bank in 2021.  When the bank decides to put a chip in the money, will my chip less wild money have more value than the money that has a chip?  At what point will my chip less money have no value?

Question 2: 2:42

In 1971 Nixon took away the gold standard, how this is considered a change that impacted US citizens?

Question 3: 6:57

You’ve explained several times how the government would inflate away the debt to use more worthless currency to pay off debt accumulated with a (lower) value currency, but I still don’t understand… For example, if US debt is $30 trillion, the government could get $30 trillion printed to pay off that debt (thus devaluing the currency), but in the meantime, the total debt would have risen to 60 trillion, so nothing would have changed?

Question 4: 13:12

You have said many times before that should the dollar collapse then the SDR would become the world reserve currency.  Since there are many currencies just as weak, if not weaker than the dollar, should the dollar fail then these other currencies would likely fail as well.  Is it expected that if confidence is lost in the failed dollar, then the public would have faith in the SDR which is a basket of what would be then other failed currencies?  Wouldn’t the SDR collapse as well pushing the world towards a gold backed system?

Question 5: 18:05

If CBDCs are used what will become of the silver and gold industry in particular the retail market? Will we still be able to buy gold and silver after we are all are using CBDCs, or will that be the end of buying metals?

Question 6: 23:16

Will gold be worthless in future?

Thumbnail Photo We believe that everyone deserves a properly developed strategy for financial safety.

Lynette Zang

Chief Market Analyst, ITM Trading

Sources & References In This Article

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