Will hyperinflation push us to return to the Gold Standard? Q&A with Lynette Zang
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!
Viewer Submitted Questions:
Question 1. Tim H: I’ve read that one of the reasons we haven’t experienced hyperinflation is because the banks have placed QE reserves they received at the Central Bank where they are receiving more interest $ than they could in other instruments. I have heard Lynette say that the banks have no reserves; they have either lent them all out or distributed them to executive compensation or buybacks. So which is correct?
Question 2. Jim M: My question is that if the Fed can create currency with the click of their mouse, are they, or why aren’t they creating money and buying physical gold? It would essentially be buying insurance for free.
Question 3. Valerie: Do you think it would make sense for the US to return to a gold standard and why/why not?
Question 4. LJ: If the US was to default on its China Debt, would that in itself constitute a trigger event for the banks?