{"id":34929,"date":"2023-12-13T01:00:46","date_gmt":"2023-12-13T08:00:46","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=34929"},"modified":"2023-12-14T13:58:45","modified_gmt":"2023-12-14T20:58:45","slug":"unveiling-the-truth-about-hyperinflation-and-the-dollar","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/unveiling-the-truth-about-hyperinflation-and-the-dollar\/","title":{"rendered":"Unveiling the Truth about Hyperinflation and the Dollar"},"content":{"rendered":"<p>Lynette and Eric explore the impact of the U.S. losing world reserve currency status &#x1f30d;, touching on the complexities of inflation, hyperinflation, and global economic dynamics. &#x1f4c8;&#x1f4bc; Don&#8217;t miss the insights on gold, market trends, and the illusion of fiat currency! &#x1f680;<\/p>\n<p>Chapters:<\/p>\n<p>0:00 If they create this digital illusion in which they can create as much of it as they want how did they stop hyperinflation?<\/p>\n<p>4:50 If the fundamental value of gold is about $12,500 per ounce, then why do people say that gold is just a store of wealth? ie: the story of an ounce of gold still buys the same fine men\u2019s suit that it did years and years ago<\/p>\n<p>9:14 What would happen if the USA declared the dollar would now be backed and convertible with gold?<\/p>\n<p>11:11 Japan never went bankrupt so America has at least 30 years plus to use the dollar right?<\/p>\n<p>Video Transcript:<\/p>\n<p>00:00:03:29 &#8211; 00:00:06:13<br \/>\nWelcome to our Wednesday Q&amp;A.<\/p>\n<p>00:00:06:13 &#8211; 00:00:08:23<br \/>\nI&#8217;m Eric Griffin, president of ITM Trading with me<\/p>\n<p>00:00:08:23 &#8211; 00:00:11:02<br \/>\nI have Lynette Zang, our chief market analyst.<\/p>\n<p>00:00:11:02 &#8211; 00:00:14:02<br \/>\nFor those of you who don&#8217;t know or are tuning in for the first time,<\/p>\n<p>00:00:14:02 &#8211; 00:00:17:02<br \/>\nwe take your questions that you submit to us<\/p>\n<p>00:00:17:07 &#8211; 00:00:20:15<br \/>\nvia email, to questions at item trading dot com.<\/p>\n<p>00:00:20:17 &#8211; 00:00:21:00<br \/>\nTake them.<\/p>\n<p>00:00:21:00 &#8211; 00:00:24:04<br \/>\nWe put them up here on the screen in front of us and we ask them live.<\/p>\n<p>00:00:24:04 &#8211; 00:00:29:15<br \/>\nSo you get a real true spontaneous organic response.<\/p>\n<p>00:00:29:17 &#8211; 00:00:31:25<br \/>\nDavid B asks, Okay,<\/p>\n<p>00:00:31:25 &#8211; 00:00:36:04<br \/>\nmy question is this If they create this digital illusion<\/p>\n<p>00:00:36:04 &#8211; 00:00:41:09<br \/>\nin which they can create as much money as they want,<\/p>\n<p>00:00:41:11 &#8211; 00:00:44:19<br \/>\nhow how did they stop hyperinflation?<\/p>\n<p>00:00:44:20 &#8211; 00:00:48:09<br \/>\nSo I guess it&#8217;s really just how do they stop hyperinflation?<\/p>\n<p>00:00:48:12 &#8211; 00:00:50:14<br \/>\nMy question is,<\/p>\n<p>00:00:50:17 &#8211; 00:00:52:26<br \/>\nif they can create as much, if they can create<\/p>\n<p>00:00:52:26 &#8211; 00:00:56:14<br \/>\nas much money as they want, how do they stop hyperinflation?<\/p>\n<p>00:00:56:15 &#8211; 00:00:58:11<br \/>\nYeah, that&#8217;s exactly the point.<\/p>\n<p>00:00:58:11 &#8211; 00:01:01:02<br \/>\nBecause the easier it is to create money,<\/p>\n<p>00:01:01:02 &#8211; 00:01:04:12<br \/>\nthe more they do it because it&#8217;s about spending,<\/p>\n<p>00:01:04:14 &#8211; 00:01:10:09<br \/>\nand then the less value the money out there has because it&#8217;s so easy.<\/p>\n<p>00:01:10:11 &#8211; 00:01:11:15<br \/>\nRight.<\/p>\n<p>00:01:11:15 &#8211; 00:01:14:19<br \/>\nThere&#8217;s so they&#8217;re not going to stop the hyperinflation.<\/p>\n<p>00:01:14:19 &#8211; 00:01:18:19<br \/>\nAnd that&#8217;s why I said that if we do go to a cbdc<\/p>\n<p>00:01:18:22 &#8211; 00:01:21:21<br \/>\nsystem, don&#8217;t think that that&#8217;s the end.<\/p>\n<p>00:01:21:21 &#8211; 00:01:25:13<br \/>\nThat now they&#8217;ve solved the problem for exactly that reason.<\/p>\n<p>00:01:25:14 &#8211; 00:01:30:10<br \/>\nDavid Good, good thoughts because that&#8217;s not that&#8217;s just a way<\/p>\n<p>00:01:30:10 &#8211; 00:01:35:19<br \/>\nto speed everything up but them also to get you into that corral, so to speak.<\/p>\n<p>00:01:35:19 &#8211; 00:01:40:07<br \/>\nThe central bank digital currency corral, where you&#8217;re completely<\/p>\n<p>00:01:40:07 &#8211; 00:01:42:10<br \/>\ndependent upon them.<\/p>\n<p>00:01:42:13 &#8211; 00:01:43:14<br \/>\nSo yeah, they won&#8217;t.<\/p>\n<p>00:01:43:14 &#8211; 00:01:47:09<br \/>\nThat&#8217;s, that&#8217;s why until there is a component of gold<\/p>\n<p>00:01:47:11 &#8211; 00:01:54:06<br \/>\nverifiable all convertible, it&#8217;s not over.<\/p>\n<p>00:01:54:08 &#8211; 00:01:55:19<br \/>\nAnd it&#8217;s just that simple.<\/p>\n<p>00:01:55:19 &#8211; 00:01:57:21<br \/>\nIt&#8217;s not over.<\/p>\n<p>00:01:57:21 &#8211; 00:02:00:21<br \/>\nOne of the ways that they&#8217;ve done it in the past is<\/p>\n<p>00:02:00:22 &#8211; 00:02:03:26<br \/>\nthrough the use of the world reserve currency being the U.S.<\/p>\n<p>00:02:03:26 &#8211; 00:02:05:26<br \/>\ndollar. So it creates demand out in the world.<\/p>\n<p>00:02:05:26 &#8211; 00:02:09:28<br \/>\nSo we&#8217;ve always been able to print money in kind of export the inflation<\/p>\n<p>00:02:09:28 &#8211; 00:02:11:05<br \/>\naround the world.<\/p>\n<p>00:02:11:05 &#8211; 00:02:16:29<br \/>\nSo if, for example, we lose that world reserve currency status,<\/p>\n<p>00:02:16:29 &#8211; 00:02:20:26<br \/>\nthere&#8217;s no way to stop that hyperinflation because all that money then comes<\/p>\n<p>00:02:20:26 &#8211; 00:02:25:01<br \/>\nback to the United States where there&#8217;s the only demand is in the United States,<\/p>\n<p>00:02:25:03 &#8211; 00:02:27:20<br \/>\nwhich then creates the rampant hyperinflation.<\/p>\n<p>00:02:27:20 &#8211; 00:02:30:20<br \/>\nSo they&#8217;ve been kind of,<\/p>\n<p>00:02:30:20 &#8211; 00:02:32:24<br \/>\nyou know, petrodollar<\/p>\n<p>00:02:32:24 &#8211; 00:02:35:21<br \/>\nworld reserve currency only trading.<\/p>\n<p>00:02:35:21 &#8211; 00:02:38:24<br \/>\nIt&#8217;s one of the ways that they&#8217;ve been able to at least print<\/p>\n<p>00:02:38:24 &#8211; 00:02:40:02<br \/>\nas much money as they have.<\/p>\n<p>00:02:40:02 &#8211; 00:02:44:05<br \/>\nI mean, we&#8217;ve seen it exponentially increase just in the last 20 years, right?<\/p>\n<p>00:02:44:08 &#8211; 00:02:47:12<br \/>\nJust in the last ten years, 15 years.<\/p>\n<p>00:02:47:12 &#8211; 00:02:47:25<br \/>\nYeah.<\/p>\n<p>00:02:47:25 &#8211; 00:02:51:21<br \/>\nBut I want you to keep in mind that that the difference<\/p>\n<p>00:02:51:21 &#8211; 00:02:56:24<br \/>\nbetween inflation and hyperinflation is the speed of the inflation.<\/p>\n<p>00:02:56:26 &#8211; 00:03:00:10<br \/>\nOnce we went to a debt based system in 71,<\/p>\n<p>00:03:00:13 &#8211; 00:03:05:01<br \/>\nthe speed of the loss of your purchasing power picked up<\/p>\n<p>00:03:05:03 &#8211; 00:03:09:00<br \/>\nstill and all you know, it&#8217;s picked up even more<\/p>\n<p>00:03:09:04 &#8211; 00:03:12:22<br \/>\nsince 2008 and again 2020.<\/p>\n<p>00:03:12:24 &#8211; 00:03:17:13<br \/>\nSo, yes, we did create more demand for the dollars<\/p>\n<p>00:03:17:18 &#8211; 00:03:20:29<br \/>\nand we did retain that status thanks to Saudi Arabia,<\/p>\n<p>00:03:21:06 &#8211; 00:03:26:05<br \/>\nwho on the first visit, the 1st of October or the 1st of November,<\/p>\n<p>00:03:26:08 &#8211; 00:03:29:00<br \/>\ndo you remember, Randi, it&#8217;s one of the first it&#8217;s either<\/p>\n<p>00:03:29:00 &#8211; 00:03:36:26<br \/>\nOctober or November is officially a member of the BRICS nation.<\/p>\n<p>00:03:36:29 &#8211; 00:03:37:11<br \/>\nYou know,<\/p>\n<p>00:03:37:11 &#8211; 00:03:41:16<br \/>\nSo are we going to lose our status as the world&#8217;s reserve currency?<\/p>\n<p>00:03:41:16 &#8211; 00:03:44:08<br \/>\nWhere have we already. Right.<\/p>\n<p>00:03:44:08 &#8211; 00:03:48:04<br \/>\nIt was already the end of I think it was December 13th.<\/p>\n<p>00:03:48:04 &#8211; 00:03:52:26<br \/>\nI could be off on my date 2000 when the Federal Reserve<\/p>\n<p>00:03:52:26 &#8211; 00:03:55:14<br \/>\nhad to buy Treasury debt.<\/p>\n<p>00:03:55:14 &#8211; 00:03:59:17<br \/>\nBut they didn&#8217;t talk about it because that&#8217;s what Third World countries do.<\/p>\n<p>00:03:59:19 &#8211; 00:04:04:07<br \/>\nThat didn&#8217;t become the thing to do and a good thing until the great<\/p>\n<p>00:04:04:07 &#8211; 00:04:09:16<br \/>\nfinancial crisis 2008 2009, and then it become magically a good thing.<\/p>\n<p>00:04:09:22 &#8211; 00:04:13:24<br \/>\nLike inflation was a dirty word, especially around<\/p>\n<p>00:04:13:24 &#8211; 00:04:16:14<br \/>\n71 in the sixties and seventies.<\/p>\n<p>00:04:16:14 &#8211; 00:04:18:13<br \/>\nA very dirty word. I remember it.<\/p>\n<p>00:04:18:13 &#8211; 00:04:24:00<br \/>\nI was there, but all of a sudden it became our savior.<\/p>\n<p>00:04:24:03 &#8211; 00:04:26:15<br \/>\nSo, you know, it&#8217;s semantics.<\/p>\n<p>00:04:26:15 &#8211; 00:04:31:08<br \/>\nBut the reality is, is it&#8217;s all an illusion.<\/p>\n<p>00:04:31:11 &#8211; 00:04:35:10<br \/>\nIt&#8217;s all and this is not an illusion.<\/p>\n<p>00:04:35:12 &#8211; 00:04:37:05<br \/>\nThis is not an illusion.<\/p>\n<p>00:04:37:05 &#8211; 00:04:41:26<br \/>\nThis has use in every single sector of the global economy.<\/p>\n<p>00:04:41:28 &#8211; 00:04:45:03<br \/>\nThe rest of that garbage<\/p>\n<p>00:04:45:05 &#8211; 00:04:46:15<br \/>\nis an illusion.<\/p>\n<p>00:04:46:15 &#8211; 00:04:46:25<br \/>\nAll right.<\/p>\n<p>00:04:46:25 &#8211; 00:04:50:04<br \/>\nSo I don&#8217;t know how to say this name,<\/p>\n<p>00:04:50:07 &#8211; 00:04:56:01<br \/>\nbut 66 Kruger to Kruger.<\/p>\n<p>00:04:56:08 &#8211; 00:04:57:14<br \/>\nOkay.<\/p>\n<p>00:04:57:14 &#8211; 00:04:59:28<br \/>\nGold is tanking right now. Don&#8217;t buy.<\/p>\n<p>00:04:59:28 &#8211; 00:05:01:02<br \/>\nAt least Wait.<\/p>\n<p>00:05:01:02 &#8211; 00:05:03:14<br \/>\nYou&#8217;ll get more value for your money that way.<\/p>\n<p>00:05:03:14 &#8211; 00:05:07:16<br \/>\nBut sure, that&#8217;s that was a comment I think from the last from Lester.<\/p>\n<p>00:05:07:18 &#8211; 00:05:08:01<br \/>\nRight.<\/p>\n<p>00:05:08:01 &#8211; 00:05:12:06<br \/>\nWell, you can speak to this actually better than I can,<\/p>\n<p>00:05:12:06 &#8211; 00:05:15:14<br \/>\nbut I know that when I&#8217;m looking at pcgs<\/p>\n<p>00:05:15:16 &#8211; 00:05:19:11<br \/>\nthat the physical coins are going<\/p>\n<p>00:05:19:11 &#8211; 00:05:23:06<br \/>\nup, whereas they can create as much gold as they want.<\/p>\n<p>00:05:23:06 &#8211; 00:05:26:28<br \/>\nSo is that true Digital gold that they can create?<\/p>\n<p>00:05:26:28 &#8211; 00:05:29:12<br \/>\nYes, as much digital gold as they want.<\/p>\n<p>00:05:29:12 &#8211; 00:05:34:15<br \/>\nAnd it doesn&#8217;t ever have to exist so they can manipulate it.<\/p>\n<p>00:05:34:18 &#8211; 00:05:39:01<br \/>\nBut I mean, as as bullion going down.<\/p>\n<p>00:05:39:04 &#8211; 00:05:42:14<br \/>\nWell the spot market is well that&#8217;s not what I it Right.<\/p>\n<p>00:05:42:14 &#8211; 00:05:46:18<br \/>\nAnd that&#8217;s what that&#8217;s what, that&#8217;s what you stuck out is talking about.<\/p>\n<p>00:05:46:18 &#8211; 00:05:46:26<br \/>\nYeah.<\/p>\n<p>00:05:46:26 &#8211; 00:05:52:15<br \/>\nThe spot market is Well that&#8217;s an easy market and cheap to manipulate.<\/p>\n<p>00:05:52:18 &#8211; 00:05:56:09<br \/>\nWell and it&#8217;s who who&#8217;s good at timing the market.<\/p>\n<p>00:05:56:11 &#8211; 00:05:57:05<br \/>\nRight.<\/p>\n<p>00:05:57:05 &#8211; 00:05:59:07<br \/>\nI mean nobody&#8217;s good at timing the market.<\/p>\n<p>00:05:59:07 &#8211; 00:06:03:07<br \/>\nI mean we could have seen when it hit 1800 ish like in the late 1800s,<\/p>\n<p>00:06:03:07 &#8211; 00:06:05:15<br \/>\nthat could have been the lowest it&#8217;s going to be. But I don&#8217;t know.<\/p>\n<p>00:06:05:15 &#8211; 00:06:06:26<br \/>\nYou don&#8217;t know? We don&#8217;t know.<\/p>\n<p>00:06:06:26 &#8211; 00:06:09:08<br \/>\nNobody knows what I mean.<\/p>\n<p>00:06:09:08 &#8211; 00:06:11:11<br \/>\nThat&#8217;s what we use gold and silver for, right?<\/p>\n<p>00:06:11:11 &#8211; 00:06:15:06<br \/>\nWe use gold and silver for as an insurance policy. Right. And we buy it.<\/p>\n<p>00:06:15:08 &#8211; 00:06:16:16<br \/>\nDo you ever look at the spot price<\/p>\n<p>00:06:16:16 &#8211; 00:06:20:02<br \/>\nand use that as a determining factor whether or not you should buy or not? No.<\/p>\n<p>00:06:20:05 &#8211; 00:06:23:03<br \/>\nAnd the only reason why ever look at the spot price<\/p>\n<p>00:06:23:03 &#8211; 00:06:25:13<br \/>\nis because I have to talk about it on here.<\/p>\n<p>00:06:25:13 &#8211; 00:06:27:07<br \/>\nOther than that, I know it&#8217;s a lie.<\/p>\n<p>00:06:27:07 &#8211; 00:06:29:02<br \/>\nWhy would I believe lie?<\/p>\n<p>00:06:29:02 &#8211; 00:06:31:12<br \/>\nWhy would anybody believe a lie?<\/p>\n<p>00:06:31:12 &#8211; 00:06:33:13<br \/>\nYou know, my favorite question<\/p>\n<p>00:06:33:13 &#8211; 00:06:37:08<br \/>\nHow many times can you be lied to when you do not know the truth?<\/p>\n<p>00:06:37:11 &#8211; 00:06:39:27<br \/>\nThe whole system is a big fat lie.<\/p>\n<p>00:06:39:27 &#8211; 00:06:43:25<br \/>\nNow, as far as gold tanking right now, that&#8217;s a contract.<\/p>\n<p>00:06:43:25 &#8211; 00:06:45:24<br \/>\nThat&#8217;s not gold tanking.<\/p>\n<p>00:06:45:24 &#8211; 00:06:49:10<br \/>\nThat&#8217;s spot gold tanking.<\/p>\n<p>00:06:49:12 &#8211; 00:06:49:20<br \/>\nRight.<\/p>\n<p>00:06:49:20 &#8211; 00:06:52:29<br \/>\nBut they&#8217;ve gotten everybody used to say, well, it&#8217;s gold, it&#8217;s tanking.<\/p>\n<p>00:06:53:07 &#8211; 00:06:56:13<br \/>\nNo, that&#8217;s the spot market that is tanking.<\/p>\n<p>00:06:56:20 &#8211; 00:06:59:14<br \/>\nYou have to be smarter than them because take a look at<\/p>\n<p>00:06:59:14 &#8211; 00:07:01:24<br \/>\nwhat the central banks are doing for themselves,<\/p>\n<p>00:07:01:24 &#8211; 00:07:05:21<br \/>\nwhere they bought more gold than they ever had the first half of this<\/p>\n<p>00:07:05:24 &#8211; 00:07:10:09<br \/>\nthis year than they ever have historically.<\/p>\n<p>00:07:10:11 &#8211; 00:07:11:16<br \/>\nWhy would they do that?<\/p>\n<p>00:07:11:16 &#8211; 00:07:15:09<br \/>\nAnd why is gold tanking if they&#8217;re buying so much?<\/p>\n<p>00:07:15:12 &#8211; 00:07:18:26<br \/>\nEver stop to ask yourself that question?<\/p>\n<p>00:07:18:29 &#8211; 00:07:22:09<br \/>\nThey&#8217;re not buying ETFs.<\/p>\n<p>00:07:22:11 &#8211; 00:07:25:19<br \/>\nThey&#8217;re buying the physical metal, and they&#8217;re holding it<\/p>\n<p>00:07:25:19 &#8211; 00:07:30:17<br \/>\nbecause they want to stay in control<\/p>\n<p>00:07:30:19 &#8211; 00:07:34:15<br \/>\nwhen this thing implodes and they don&#8217;t know when it&#8217;s going to implode either.<\/p>\n<p>00:07:34:21 &#8211; 00:07:37:28<br \/>\nBut I can tell you it&#8217;s extraordinary, the whole system,<\/p>\n<p>00:07:38:00 &#8211; 00:07:40:29<br \/>\nespecially with what I see in the Treasury market,<\/p>\n<p>00:07:40:29 &#8211; 00:07:45:18<br \/>\nwhich is the foundation of the global market, financial markets,<\/p>\n<p>00:07:45:21 &#8211; 00:07:48:06<br \/>\nand that&#8217;s been losing liquidity since 2000<\/p>\n<p>00:07:48:06 &#8211; 00:07:51:06<br \/>\nstarted talking about in 2015.<\/p>\n<p>00:07:51:11 &#8211; 00:07:52:08<br \/>\nRight.<\/p>\n<p>00:07:52:08 &#8211; 00:07:55:10<br \/>\nWe are very near the end, Dick Ruga.<\/p>\n<p>00:07:55:11 &#8211; 00:07:57:16<br \/>\nYou can do it ever you want.<\/p>\n<p>00:07:57:16 &#8211; 00:08:00:24<br \/>\nThat&#8217;s what everybody should do, whatever it is they&#8217;re comfortable with.<\/p>\n<p>00:08:00:24 &#8211; 00:08:04:10<br \/>\nAnd if you&#8217;re comfortable believing the lies, rock and roll go.<\/p>\n<p>00:08:04:12 &#8211; 00:08:08:08<br \/>\nBut I&#8217;m not certain that that will serve you well.<\/p>\n<p>00:08:08:10 &#8211; 00:08:08:21<br \/>\nAll right.<\/p>\n<p>00:08:08:21 &#8211; 00:08:12:15<br \/>\nSo, Harvey and asks<\/p>\n<p>00:08:12:17 &#8211; 00:08:15:05<br \/>\nif the fundamental value of gold is about 1200<\/p>\n<p>00:08:15:05 &#8211; 00:08:18:21<br \/>\nsorry, 12,500 per ounce,<\/p>\n<p>00:08:18:23 &#8211; 00:08:23:18<br \/>\nthen why do people say that gold is just a store of wealth? I.e.<\/p>\n<p>00:08:23:18 &#8211; 00:08:28:03<br \/>\nthe story of an ounce of gold still buys the same fine men&#8217;s suit<\/p>\n<p>00:08:28:05 &#8211; 00:08:31:27<br \/>\nthat it did years and years ago?<\/p>\n<p>00:08:31:29 &#8211; 00:08:35:17<br \/>\nYou&#8217;re going to be able to again speak to that a little bit better<\/p>\n<p>00:08:35:17 &#8211; 00:08:41:22<br \/>\nbecause I believe the fundamental value, because what I know 100%<\/p>\n<p>00:08:41:25 &#8211; 00:08:45:20<br \/>\nis that all assets move at tangible assets<\/p>\n<p>00:08:45:26 &#8211; 00:08:49:22<br \/>\nmove from undervaluation to fair valuation to overvaluation<\/p>\n<p>00:08:49:22 &#8211; 00:08:53:24<br \/>\nto fair valuation to under valuation in a constant<\/p>\n<p>00:08:53:24 &#8211; 00:08:56:24<br \/>\nloop and a constant loop.<\/p>\n<p>00:08:56:25 &#8211; 00:09:01:22<br \/>\nSo if you don&#8217;t know what the fundamental value of any asset<\/p>\n<p>00:09:01:22 &#8211; 00:09:05:17<br \/>\nis, not just gold, but anything, then how in the world do you know<\/p>\n<p>00:09:05:17 &#8211; 00:09:06:15<br \/>\nif you should buy it?<\/p>\n<p>00:09:06:15 &#8211; 00:09:09:15<br \/>\nIf you should hold it or you should liquidated?<\/p>\n<p>00:09:09:18 &#8211; 00:09:11:26<br \/>\nSo understanding that is critical.<\/p>\n<p>00:09:11:26 &#8211; 00:09:15:03<br \/>\nBut there is certainly a growth component in<\/p>\n<p>00:09:15:05 &#8211; 00:09:18:15<br \/>\nthe fundamental value and an ounce of gold.<\/p>\n<p>00:09:18:17 &#8211; 00:09:25:11<br \/>\nAnd by the way, being able to buy collectible gold below fundamental value<\/p>\n<p>00:09:25:13 &#8211; 00:09:27:28<br \/>\nis kind of like a no brainer to me.<\/p>\n<p>00:09:27:28 &#8211; 00:09:32:04<br \/>\nBut when gold moves toward its fundamental value, right now,<\/p>\n<p>00:09:32:04 &#8211; 00:09:36:14<br \/>\nyou have all these other fiat money assets up here and even hard assets<\/p>\n<p>00:09:36:14 &#8211; 00:09:41:10<br \/>\nlike real estate, income producing assets severely overvalued.<\/p>\n<p>00:09:41:17 &#8211; 00:09:43:23<br \/>\nYou have gold and silver undervalued.<\/p>\n<p>00:09:43:23 &#8211; 00:09:45:13<br \/>\nThat&#8217;s going to flip flop.<\/p>\n<p>00:09:45:13 &#8211; 00:09:49:00<br \/>\nSo I do get because we all talk about it<\/p>\n<p>00:09:49:00 &#8211; 00:09:52:04<br \/>\nas a store of wealth in it, holding your purchasing power.<\/p>\n<p>00:09:52:04 &#8211; 00:09:54:15<br \/>\nAnd the spot market certainly has done that.<\/p>\n<p>00:09:54:15 &#8211; 00:09:59:11<br \/>\nYou can still get a fine mint man suit for 18 1900 bucks.<\/p>\n<p>00:09:59:14 &#8211; 00:10:02:04<br \/>\nHaving said that, though,<\/p>\n<p>00:10:02:04 &#8211; 00:10:06:26<br \/>\nthere are some opportunities in here when you can hold your purchasing power<\/p>\n<p>00:10:06:26 &#8211; 00:10:11:25<br \/>\nintact through this trend cycle and convert some of that<\/p>\n<p>00:10:11:27 &#8211; 00:10:15:16<br \/>\ninto those income product producing assets when they&#8217;re low.<\/p>\n<p>00:10:15:18 &#8211; 00:10:19:12<br \/>\nBut I don&#8217;t think the government likes us to talk about gold as a potential<\/p>\n<p>00:10:19:12 &#8211; 00:10:21:12<br \/>\ngrowth vehicle.<\/p>\n<p>00:10:21:14 &#8211; 00:10:23:21<br \/>\nI think there&#8217;s there&#8217;s something about that.<\/p>\n<p>00:10:23:21 &#8211; 00:10:25:11<br \/>\nI don&#8217;t know. It&#8217;s been so long.<\/p>\n<p>00:10:25:11 &#8211; 00:10:30:20<br \/>\nWell, there&#8217;s definitely like an opportunity right in that first bump up<\/p>\n<p>00:10:30:23 &#8211; 00:10:35:04<br \/>\nright from the from the 2000 and ounce to the 12,500 in fundamental value.<\/p>\n<p>00:10:35:04 &#8211; 00:10:37:07<br \/>\nThere&#8217;s definitely some growth opportunity. Yeah.<\/p>\n<p>00:10:37:07 &#8211; 00:10:40:02<br \/>\nOnce we get beyond that, it&#8217;ll really show that<\/p>\n<p>00:10:40:02 &#8211; 00:10:43:12<br \/>\nthe hyperinflation has kicked in and then it should do what it always does,<\/p>\n<p>00:10:43:12 &#8211; 00:10:47:06<br \/>\nwhich is hold its purchasing power with with inflation.<\/p>\n<p>00:10:47:06 &#8211; 00:10:48:09<br \/>\nRight.<\/p>\n<p>00:10:48:09 &#8211; 00:10:53:10<br \/>\nBut I will say that the collectibles generally tend to outperform bullion<\/p>\n<p>00:10:53:10 &#8211; 00:10:57:01<br \/>\nover the long selling or the spot market, and therefore there<\/p>\n<p>00:10:57:01 &#8211; 00:11:01:05<br \/>\nmight be even more growth opportunities in these, especially when demand heats up.<\/p>\n<p>00:11:01:08 &#8211; 00:11:05:27<br \/>\nBecause as demand gets stronger from the the private market,<\/p>\n<p>00:11:05:27 &#8211; 00:11:09:27<br \/>\nmeaning just people like, you know, you and I not not<\/p>\n<p>00:11:10:00 &#8211; 00:11:14:20<br \/>\nnot like mutual funds and that kind of stuff<\/p>\n<p>00:11:14:23 &#8211; 00:11:17:02<br \/>\nfrom when when the people want gold and silver<\/p>\n<p>00:11:17:02 &#8211; 00:11:20:12<br \/>\nand they buy more of this, it heats up and it pushes the prices even higher.<\/p>\n<p>00:11:20:12 &#8211; 00:11:21:05<br \/>\nThat&#8217;s why<\/p>\n<p>00:11:21:05 &#8211; 00:11:25:11<br \/>\nthat&#8217;s why it truly outperforms bullion, because in those type of markets,<\/p>\n<p>00:11:25:19 &#8211; 00:11:28:13<br \/>\nthe demand gets hot and it&#8217;s in a limited supply.<\/p>\n<p>00:11:28:13 &#8211; 00:11:32:02<br \/>\nYeah, and I&#8217;m glad that you brought that up because maybe<\/p>\n<p>00:11:32:02 &#8211; 00:11:36:10<br \/>\nsome of you had seen that Costco is selling gold bullion<\/p>\n<p>00:11:36:13 &#8211; 00:11:39:21<br \/>\nand that is goes out as fast as they get it in.<\/p>\n<p>00:11:39:21 &#8211; 00:11:41:16<br \/>\nNow they are limiting, etc..<\/p>\n<p>00:11:41:16 &#8211; 00:11:46:06<br \/>\nBut what that tells me and somebody else was bringing this up yesterday<\/p>\n<p>00:11:46:06 &#8211; 00:11:50:03<br \/>\nin one of our meetings as well, that that tells me that the public<\/p>\n<p>00:11:50:03 &#8211; 00:11:54:07<br \/>\nis becoming more and more aware, more and more uncomfortable<\/p>\n<p>00:11:54:14 &#8211; 00:11:58:00<br \/>\nand looking for that true flight to safety.<\/p>\n<p>00:11:58:02 &#8211; 00:12:01:02<br \/>\nAnd I will be doing because I&#8217;ve had a request for this and<\/p>\n<p>00:12:01:02 &#8211; 00:12:02:27<br \/>\nand it&#8217;s been a long time<\/p>\n<p>00:12:02:27 &#8211; 00:12:08:00<br \/>\nsince I&#8217;ve done the phases of a trend and how you recognize them.<\/p>\n<p>00:12:08:02 &#8211; 00:12:10:08<br \/>\nSo I will be doing that shortly.<\/p>\n<p>00:12:10:08 &#8211; 00:12:11:19<br \/>\nI will be doing that shortly.<\/p>\n<p>00:12:11:19 &#8211; 00:12:16:14<br \/>\nAnd that should clarify some of what Harvey&#8217;s talking about.<\/p>\n<p>00:12:16:14 &#8211; 00:12:20:08<br \/>\nBut generally helping you see the pattern<\/p>\n<p>00:12:20:10 &#8211; 00:12:23:10<br \/>\nof what all trend cycles look like,<\/p>\n<p>00:12:23:10 &#8211; 00:12:26:23<br \/>\nnot not just gold, but all trend cycles,<\/p>\n<p>00:12:26:26 &#8211; 00:12:29:07<br \/>\nand that that should help.<\/p>\n<p>00:12:29:07 &#8211; 00:12:32:07<br \/>\nOkay, So<\/p>\n<p>00:12:32:08 &#8211; 00:12:36:17<br \/>\nlet&#8217;s see, 80 dash over six and B asks<\/p>\n<p>00:12:36:19 &#8211; 00:12:41:14<br \/>\nwhat would happen if the USA declared the dollar<\/p>\n<p>00:12:41:17 &#8211; 00:12:44:26<br \/>\nwould now be backed by backed and convertible with gold?<\/p>\n<p>00:12:44:26 &#8211; 00:12:46:02<br \/>\nWhat would happen if the U.S.<\/p>\n<p>00:12:46:02 &#8211; 00:12:50:23<br \/>\ndeclared the dollar would now be backed and convertible with gold to gold?<\/p>\n<p>00:12:50:26 &#8211; 00:12:51:28<br \/>\nWell, what would happen is<\/p>\n<p>00:12:51:28 &#8211; 00:12:56:08<br \/>\nwe would definitely retain our position as the world&#8217;s reserve currency<\/p>\n<p>00:12:56:10 &#8211; 00:13:01:19<br \/>\nand everybody around the world would be flocking to dollars.<\/p>\n<p>00:13:01:21 &#8211; 00:13:04:15<br \/>\nNow, do I think that that&#8217;s likely to happen?<\/p>\n<p>00:13:04:15 &#8211; 00:13:05:16<br \/>\nNo, I do not.<\/p>\n<p>00:13:05:16 &#8211; 00:13:09:02<br \/>\nRight, Because when that happens,<\/p>\n<p>00:13:09:05 &#8211; 00:13:13:04<br \/>\nthat puts restrictions around the level of debt that can be grown.<\/p>\n<p>00:13:13:06 &#8211; 00:13:17:03<br \/>\nAnd with our debt levels just in the one area,<\/p>\n<p>00:13:17:06 &#8211; 00:13:22:05<br \/>\nwe&#8217;re not even talking about the promises, Social Security, Medicare, all of that.<\/p>\n<p>00:13:22:08 &#8211; 00:13:26:10<br \/>\nBut our public debt broaching and going above<\/p>\n<p>00:13:26:10 &#8211; 00:13:30:05<br \/>\n33 trillion and this is all non self liquidating debt.<\/p>\n<p>00:13:30:05 &#8211; 00:13:33:13<br \/>\nIn other words, there isn&#8217;t anything in those numbers<\/p>\n<p>00:13:33:18 &#8211; 00:13:38:14<br \/>\nthat would generate income to repay that 33 trillion plus debt.<\/p>\n<p>00:13:38:17 &#8211; 00:13:39:07<br \/>\nRight.<\/p>\n<p>00:13:39:07 &#8211; 00:13:42:02<br \/>\nSo it&#8217;s just like kind of like a credit card.<\/p>\n<p>00:13:42:02 &#8211; 00:13:44:26<br \/>\nYou went out and you just spent that money as anything.<\/p>\n<p>00:13:44:26 &#8211; 00:13:49:01<br \/>\nYou spent it on going to generate money to help you pay that debt off.<\/p>\n<p>00:13:49:08 &#8211; 00:13:51:10<br \/>\nProbably not.<\/p>\n<p>00:13:51:13 &#8211; 00:13:51:26<br \/>\nRight.<\/p>\n<p>00:13:51:26 &#8211; 00:13:54:24<br \/>\nAnd that&#8217;s what our government is doing so<\/p>\n<p>00:13:54:24 &#8211; 00:13:58:12<br \/>\nthat they backed and made it convertible.<\/p>\n<p>00:13:58:14 &#8211; 00:14:01:29<br \/>\nThey would they would fix the debt where it&#8217;s not payable<\/p>\n<p>00:14:01:29 &#8211; 00:14:04:01<br \/>\nand the interest rate is compounding<\/p>\n<p>00:14:04:01 &#8211; 00:14:06:23<br \/>\nand they wouldn&#8217;t be able to borrow deficit spend all the time either.<\/p>\n<p>00:14:06:23 &#8211; 00:14:07:24<br \/>\nExactly.<\/p>\n<p>00:14:07:24 &#8211; 00:14:10:28<br \/>\nSo then the government wouldn&#8217;t have the money it needed to do all.<\/p>\n<p>00:14:11:01 &#8211; 00:14:13:12<br \/>\nWe&#8217;d have to have austerity measures real quick.<\/p>\n<p>00:14:13:12 &#8211; 00:14:13:29<br \/>\nRight.<\/p>\n<p>00:14:13:29 &#8211; 00:14:16:29<br \/>\nBut any country that would back their currency and make<\/p>\n<p>00:14:16:29 &#8211; 00:14:20:27<br \/>\na convertible would become the currency to go to.<\/p>\n<p>00:14:20:27 &#8211; 00:14:22:29<br \/>\nThey would get rid of all the crappy currencies<\/p>\n<p>00:14:22:29 &#8211; 00:14:28:16<br \/>\nthat they could and go straight to the real hard money currency.<\/p>\n<p>00:14:28:19 &#8211; 00:14:28:27<br \/>\nAll right.<\/p>\n<p>00:14:28:27 &#8211; 00:14:33:21<br \/>\nSo Robert Bea says asks Japan never went bankrupt.<\/p>\n<p>00:14:33:21 &#8211; 00:14:37:13<br \/>\nSo America has at least 30 years plus to use the dollar, right?<\/p>\n<p>00:14:37:15 &#8211; 00:14:38:17<br \/>\nWrong.<\/p>\n<p>00:14:38:17 &#8211; 00:14:42:09<br \/>\nThe reason why Japan didn&#8217;t seem to go bankrupt<\/p>\n<p>00:14:42:15 &#8211; 00:14:45:15<br \/>\nis because they were the second<\/p>\n<p>00:14:45:17 &#8211; 00:14:48:17<br \/>\nthe second highest GDP country in the world.<\/p>\n<p>00:14:48:23 &#8211; 00:14:51:22<br \/>\nAnd the whole world agreed<\/p>\n<p>00:14:51:22 &#8211; 00:14:54:22<br \/>\nto allow them what they were going through.<\/p>\n<p>00:14:54:25 &#8211; 00:14:58:17<br \/>\nThis time, everybody is going through the same thing.<\/p>\n<p>00:14:58:20 &#8211; 00:15:01:19<br \/>\nAnd we&#8217;re following Japan&#8217;s failed playbook.<\/p>\n<p>00:15:01:19 &#8211; 00:15:04:18<br \/>\nYou know, as Japan really in better position<\/p>\n<p>00:15:04:18 &#8211; 00:15:10:15<br \/>\nnow than they were in the nineties or the early 2000s with all their yield<\/p>\n<p>00:15:10:15 &#8211; 00:15:15:12<br \/>\ncurve control and this and that and the other thing, the answer&#8217;s no.<\/p>\n<p>00:15:15:12 &#8211; 00:15:21:05<br \/>\nAnd their prices for food and other things that they need have indeed gone up,<\/p>\n<p>00:15:21:07 &#8211; 00:15:25:13<br \/>\neven though they make it look like not Japan&#8217;s in a world of hurt.<\/p>\n<p>00:15:25:13 &#8211; 00:15:28:16<br \/>\nSo no, we don&#8217;t have 30 years because this time it&#8217;s<\/p>\n<p>00:15:28:16 &#8211; 00:15:31:16<br \/>\nthe entire world that&#8217;s going through it.<\/p>\n<p>00:15:31:20 &#8211; 00:15:36:03<br \/>\nSo who&#8217;s going to support everybody?<\/p>\n<p>00:15:36:05 &#8211; 00:15:38:07<br \/>\nSo, yeah.<\/p>\n<p>00:15:38:07 &#8211; 00:15:38:16<br \/>\nAll right.<\/p>\n<p>00:15:38:16 &#8211; 00:15:40:29<br \/>\nWell, that&#8217;s that&#8217;s all we have for today. Okay.<\/p>\n<p>00:15:40:29 &#8211; 00:15:44:19<br \/>\nAnd I&#8217;m going to remind you, if you have not yet done your<\/p>\n<p>00:15:44:20 &#8211; 00:15:48:25<br \/>\nyour own personal strategy, click that cowardly link below.<\/p>\n<p>00:15:49:01 &#8211; 00:15:52:26<br \/>\nSet up a time to speak with one of our gold and silver specialists<\/p>\n<p>00:15:52:29 &#8211; 00:15:58:23<br \/>\nand get your strategy in place and get it executed a.S.A.P<\/p>\n<p>00:15:58:25 &#8211; 00:16:01:20<br \/>\nbecause there isn&#8217;t anybody that can tell you what&#8217;s<\/p>\n<p>00:16:01:20 &#8211; 00:16:05:00<br \/>\ngoing to happen on Tuesday morning at 835<\/p>\n<p>00:16:05:02 &#8211; 00:16:08:02<br \/>\nthat that&#8217;s going to be the loss of all your choices.<\/p>\n<p>00:16:08:07 &#8211; 00:16:11:26<br \/>\nBut it could be and I would rather be I don&#8217;t care how early<\/p>\n<p>00:16:11:28 &#8211; 00:16:14:07<br \/>\nrather than even one second too late.<\/p>\n<p>00:16:14:07 &#8211; 00:16:17:05<br \/>\nAnd that news is getting tighter and tighter.<\/p>\n<p>00:16:17:05 &#8211; 00:16:20:25<br \/>\nBut having the right kind of gold and silver for your objectives<\/p>\n<p>00:16:21:01 &#8211; 00:16:25:22<br \/>\nis absolutely crucial and critical.<\/p>\n<p>00:16:25:24 &#8211; 00:16:29:01<br \/>\nAlso, you do need more than gold and silver.<\/p>\n<p>00:16:29:03 &#8211; 00:16:32:05<br \/>\nSo if you haven&#8217;t done so yet, check out and subscribe<\/p>\n<p>00:16:32:05 &#8211; 00:16:36:13<br \/>\nto be on gold and silver where we go over all the mantra pieces<\/p>\n<p>00:16:36:15 &#8211; 00:16:41:19<br \/>\nand even join us in thrivers community dot com because that&#8217;s<\/p>\n<p>00:16:41:19 &#8211; 00:16:46:02<br \/>\nwhere we&#8217;re building a global community to help and support each other because<\/p>\n<p>00:16:46:02 &#8211; 00:16:51:03<br \/>\nfrankly, we are all in this together and we&#8217;ve got to help each other.<\/p>\n<p>00:16:51:03 &#8211; 00:16:55:05<br \/>\nWe&#8217;ve got to come together because the plans that they have for us<\/p>\n<p>00:16:55:07 &#8211; 00:16:55:20<br \/>\nare not<\/p>\n<p>00:16:55:20 &#8211; 00:16:59:20<br \/>\nones that I want to see on my children, my grandchildren, my great grandchildren.<\/p>\n<p>00:16:59:20 &#8211; 00:17:01:26<br \/>\nYou got to ask yourself that question.<\/p>\n<p>00:17:01:26 &#8211; 00:17:04:08<br \/>\nYou got to play. We&#8217;re in this for the long term.<\/p>\n<p>00:17:04:08 &#8211; 00:17:09:28<br \/>\nWe are not in this for the short term and don&#8217;t believe the lies.<\/p>\n<p>00:17:10:01 &#8211; 00:17:13:20<br \/>\nSo if you haven&#8217;t already, make sure you subscribe to this channel.<\/p>\n<p>00:17:13:20 &#8211; 00:17:15:01<br \/>\nLeave us a comment.<\/p>\n<p>00:17:15:01 &#8211; 00:17:16:18<br \/>\nGive us a thumbs up.<\/p>\n<p>00:17:16:18 &#8211; 00:17:18:11<br \/>\nShare, share, share, share, share.<\/p>\n<p>00:17:18:11 &#8211; 00:17:22:13<br \/>\nAnd remember, financial shields are made of physical gold<\/p>\n<p>00:17:22:18 &#8211; 00:17:27:18<br \/>\nand physical silver in your possession.<\/p>\n<p>00:17:27:21 &#8211; 00:17:29:21<br \/>\nAnd until next, we me.<\/p>\n<p>00:17:29:21 &#8211; 00:17:32:10<br \/>\nPlease be safe out there. Bye bye.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lynette and Eric explore the impact of the U.S. losing world reserve currency status &#x1f30d;, touching on the complexities of inflation, [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":34930,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1711],"tags":[36,53,81,83,242,322,1282,1375,1378,2100,2987,2990,2994],"class_list":["post-34929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-qa","tag-buy-gold","tag-federal-reserve","tag-hyperinflation","tag-inflation","tag-investing-in-gold","tag-precious-metals","tag-central-banks","tag-dollar-collapse","tag-lynette-zang","tag-jerome-powell","tag-inflation-news","tag-bank-crash","tag-eric-griffin"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=34929"}],"version-history":[{"count":3,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34929\/revisions"}],"predecessor-version":[{"id":34948,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34929\/revisions\/34948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/34930"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=34929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=34929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=34929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}