https:\/\/www.cmegroup.com\/company\/membership\/international-incentives.html\u200b\u200b\u200b<\/span><\/a>\u200b<\/span><\/p>\nVIDEO TRANSCRIPT:<\/p>\n
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\nYou know, the powers that be would like you to think that it is Fed<\/p>\n
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\nchair that has control over inflation But what’s been happening<\/p>\n
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\nsince Nixon took us off the gold standard has been<\/p>\n
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\nthe financialization of America every asset now has been turned into<\/p>\n
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\na financial trading product for Wall Street.<\/p>\n
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\nAnd this should matter to you So let me show you the truth<\/p>\n
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\nof why the Fed’s controling inflation.<\/p>\n
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\nComing up.<\/p>\n
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\nI’m Lynnette Zang, chief market analyst<\/p>\n
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\nat ITM Trading Full service physical.<\/p>\n
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\nI cannot stress that enough.<\/p>\n
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\nGold and silver dealer specializing in custom strategies.<\/p>\n
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\nAnd you know, wouldn’t it have been nice if you realized the government<\/p>\n
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\nand the central bank’s strategy back in 1971?<\/p>\n
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\nAnd then of course, when it was legal to buy<\/p>\n
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\nphysical gold again, you would have loaded up on that<\/p>\n
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\nin no time if you understood what was happening today.<\/p>\n
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\nSo it’s critically important for you to have a plan and a strategy<\/p>\n
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\nbecause I’m going to show you their plan and their strategy right now.<\/p>\n
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\nSo let’s get let’s just just get started.<\/p>\n
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\nThe rising financialization of the US economy, what does that mean?<\/p>\n
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\nThat means that that<\/p>\n
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\nfinancialization is where Wall Street<\/p>\n
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\nbecomes more important than Main Street.<\/p>\n
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\nAnd it is critically important in the financial crisis in 2008.<\/p>\n
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\nSeven, eight, nine should have shown you<\/p>\n
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\nwho the government and the central banks<\/p>\n
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\nthink is the most important, because you and I did not get bailed out.<\/p>\n
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\nIt was Wall Street and the banking system that got bailed out.<\/p>\n
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\nAnd what happened in the most recent crisis.<\/p>\n
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\nRight. Who really got bailed out?<\/p>\n
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\nIt was not you or me.<\/p>\n
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\nWe’ve been having to deal with the aftermath of the inflation<\/p>\n
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\nthat they utilized to make things to paper over things that make things<\/p>\n
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\nlook okay, while in reality what they’re really doing<\/p>\n
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\nand what these financial products really do is transfer that risk<\/p>\n
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\nfrom the few, from the 1%, from the powers that be to the many to the public.<\/p>\n
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\nAnd we are the ones that always pay.<\/p>\n
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\nLet me show you what I mean.<\/p>\n
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\nAnd I’ve talked about this in previous videos as well.<\/p>\n
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\nThis is the financial services sector controls<\/p>\n
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\na widening swath of the U.S.<\/p>\n
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\neconomy. And here it is.<\/p>\n
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\nThis is going back to 1948 40,<\/p>\n
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\nwhere it was a little bit more than 10%.<\/p>\n
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\nWell, now it’s closer to 25%, or at least in 2020.<\/p>\n
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\nIt would be higher than that today, three years later.<\/p>\n
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\nAnd that 25%<\/p>\n
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\nactually controls<\/p>\n
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\nmuch more of the GDP in the global economy.<\/p>\n
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\nU.S. Bureau of Economic Analysis Data show that financial sector profits<\/p>\n
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\nand their share of GDP have skyrocketed, skyrocketed<\/p>\n
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\nsince the 1970s.<\/p>\n
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\nWhat happened in the 1970s, our government handed over<\/p>\n
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\nfull control of inflation to a private bank, the Federal Reserve.<\/p>\n
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\nWell, who benefits?<\/p>\n
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\nBecause since then, everything. Everything.<\/p>\n
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\nEverything has been turned into a financial product<\/p>\n
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\nbecause it is so critically important that the banks make their profit.<\/p>\n
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\nNot how you and I are<\/p>\n
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\nand the prices that you and I pay, but the banks make their profit.<\/p>\n
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\nAnd so they created derivatives.<\/p>\n
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\nNow, look, derivatives,<\/p>\n
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\nspeculative derivatives, derivatives have been around for a long time.<\/p>\n
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\nIf I were a farmer and I’m planting my crops in the spring<\/p>\n
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\nand I’m not going to be able to harvest them until the fall,<\/p>\n
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\nI have no idea what the weather conditions<\/p>\n
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\nare going to be, what the water conditions are going to be.<\/p>\n
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\nIf I’m going to recoup my costs<\/p>\n
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\nfrom planting this crop and all the costs associated with it.<\/p>\n
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\nIf I’m going to make a profit, am I going to be able to stay around?<\/p>\n
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\nSo a derivative for a farmer<\/p>\n
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\ninsures it’s an insurance contract, right?<\/p>\n
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\nHe can buy or she can buy a derivative contract<\/p>\n
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\nthat ensures that they’re corn or they’re soy or whatever.<\/p>\n
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\nThey’re growing, that they at least break even<\/p>\n
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\nso they can live for another day if they don’t need it.<\/p>\n
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\nOkay. It goes away.<\/p>\n
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\nIt’s just the cost of insurance.<\/p>\n
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\nBut if they do need it, it can save their lives.<\/p>\n
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\nRather, what’s happened?<\/p>\n
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\nBecause this can. We thank you.<\/p>\n
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\nThis green line, those are end user contracts.<\/p>\n
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\nSo you can see they’ve kind of stayed pretty stable.<\/p>\n
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\nBut these are the speculative derivative contracts.<\/p>\n
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\nThis there’s 2008.<\/p>\n
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\nSo you can see quite clearly that they’re higher<\/p>\n
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\nthan they were during the crisis because the banks<\/p>\n
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\nhave to make a profit.<\/p>\n
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\nAnd the more trading products that there are and I mean, we’ve witnessed<\/p>\n
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\nthrough many means cryptocurrencies for one.<\/p>\n
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\nHow do you create a market?<\/p>\n
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\nYou know, you start getting eyes on it and you start trading it.<\/p>\n
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\nAnd before you know it, there is a new asset class.<\/p>\n
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\nOkay. Out of thin air.<\/p>\n
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\nAnd that’s how they do it.<\/p>\n
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\nBut what it does is it ensures their profits.<\/p>\n
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\nIn fact, this is from the most current office of the Comptroller of the Currency.<\/p>\n
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\nDerivatives in the FDIC<\/p>\n
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\ninsured banks.<\/p>\n
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\nAnd we can see that this is this is 50% right there.<\/p>\n
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\nThat red line, that’s 50%.<\/p>\n
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\nSo banks actually this past quarter<\/p>\n
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\ngenerated over 51.7% of their profits<\/p>\n
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\nfrom trading these speculative derivatives.<\/p>\n
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\nAnd it’s taken more and more speculation to generate these products.<\/p>\n
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\nI mean, these profits.<\/p>\n
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\nAnd so what is that really telling you that there is a lot more risk<\/p>\n
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\nin the banking sector system.<\/p>\n
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\nAnd since<\/p>\n
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\n2013, they created these different products to consolidate the trades.<\/p>\n
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\nAnd so every single entity, whether it’s the FDIC,<\/p>\n
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\nthe federal Reserve, the Bank for International Settlements, any of them<\/p>\n
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\nadmit openly that no one, no one,<\/p>\n
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\nno one really knows the true value at risk.<\/p>\n
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\nWhen you’re looking at these charts and graphs, All you’re really seeing<\/p>\n
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\nis the market, the current market valuation<\/p>\n
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\nof these contracts, which are all count or party risk.<\/p>\n
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\nWhat financial asset does not run counterparty risk?<\/p>\n
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\nAccording to the Bank for International Settlements.<\/p>\n
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\nGold is the only financial asset,<\/p>\n
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\nnot one of two or three or four or five.<\/p>\n
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\nThe only financial asset<\/p>\n
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\nthat does not run counterparty risk.<\/p>\n
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\nAnd I think that is really significant.<\/p>\n
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\nAnd I want to talk to you about oil,<\/p>\n
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\nbecause when oil was rising so rapidly, we saw it.<\/p>\n
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\nThe consumer saw it at the at the gas pumps.<\/p>\n
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\nAnd that was scaring a lot of people that were having trouble<\/p>\n
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\nputting food on the table and gas in their tanks.<\/p>\n
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\nSo, look, oil’s wild ride.<\/p>\n
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\nDoes that really indicate a true supply and demand market?<\/p>\n
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\nOf course it does.<\/p>\n
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\nOil’s wild ride is driven by a disruptive band of bot traders.<\/p>\n
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\nWhat’s a bot?<\/p>\n
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\nA bot is an algorithm, an opaque group of algorithm.<\/p>\n
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\nMake money.<\/p>\n
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\nManagers have seized control of the oil market.<\/p>\n
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\nThese guys have seized control of all of the markets.<\/p>\n
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\nBut let’s just look at that a little bit deeper.<\/p>\n
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\nThis year’s volatile price swings are being intensified by these bots,<\/p>\n
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\nAccording to interviews with more than a dozen traders, analysts<\/p>\n
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\nand Money Mart managers who work in the oil market.<\/p>\n
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\nThey’ve roiled commodities for gasoline from gasoline to gold.<\/p>\n
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\nSidelined traditional investors, drawn<\/p>\n
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\nthe ire of OPEC and even raised eyebrows at the White House.<\/p>\n
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\nBut the reality is and what they’re also saying and here is<\/p>\n
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\nthat traders are the ones that are determining the prices<\/p>\n
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\nof all of these commodities and assets that you’re buying.<\/p>\n
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\nAnd so do you think that might have a little bit to do with inflation<\/p>\n
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\nand when inflation was obviously running rampant<\/p>\n
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\nand the prices at the gas pump were obviously going up?<\/p>\n
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\nHow did that make consumers feel?<\/p>\n
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\nAnd 70% of our GDP, that’s all the money that flows through<\/p>\n
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\nthe system is consumer spending.<\/p>\n
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\nThis is frankly a very big deal.<\/p>\n
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\nThis is an opaque.<\/p>\n
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\nThese markets are opaque, admittedly so, and especially to me.<\/p>\n
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\nWell, not me, because I do pay attention to this, but<\/p>\n
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\nto most people that don’t pay attention, they don’t even know where to look.<\/p>\n
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\nThey don’t even know how to pay attention.<\/p>\n
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\nWhy isn’t that more open?<\/p>\n
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\nWhy does it have to be this opaque?<\/p>\n
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\nAnd how does that impact you and me?<\/p>\n
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\nThat’s why you don’t see a crisis<\/p>\n
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\nuntil it occurs, and then it’s too late to do anything about it.<\/p>\n
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\nAnd what they said was this.<\/p>\n
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\nI’m just going to repeat it.<\/p>\n
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\nThese this opaque, opaque group of algorithmic money<\/p>\n
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\nmanagers have roiled commodities<\/p>\n
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\nfrom gasoline to gold.<\/p>\n
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\nWell, good.<\/p>\n
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\nI mean, don’t we all want computers to be determining everything?<\/p>\n
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\nAnd this entity is known as climate City Trading Advisors.<\/p>\n
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\nSo it’s not one entity.<\/p>\n
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\nIt’s a group of entities.<\/p>\n
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\nSo let’s take a look at that a little bit closer.<\/p>\n
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\nAnd I wanted to give you that name.<\/p>\n
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\nIf you need it, write it down.<\/p>\n
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\nGo into the blog.<\/p>\n
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\nYou can find all of these slides on the blog and certainly<\/p>\n
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\nall of the links, but almost 60% of manage money positions<\/p>\n
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\nwhere CTA A’s remember<\/p>\n
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\ncommodity trading advisors, that CTA is<\/p>\n
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\nwere over 90% engaged.<\/p>\n
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\nSo that’s almost 60% of the trading market.<\/p>\n
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\nThat’s huge algorithmic trading for oil.<\/p>\n
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\nWe’re just talking about oil here.<\/p>\n
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\n2023 Spike.<\/p>\n
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\nLook at this.<\/p>\n
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\nThis is who’s controlling everything.<\/p>\n
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\nCTAs are loosely labeled<\/p>\n
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\nas an individual or organization<\/p>\n
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\nthat advises on the trading of futures options or swaps.<\/p>\n
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\nThose are all derivatives, by the way.<\/p>\n
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\nA rose by any other name is still the same.<\/p>\n
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\nBut those in the know say that most are defined by their trading strategies,<\/p>\n
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\ncomputer driven and rules based with a relatively limited time horizons.<\/p>\n
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\nSo that means that there isn’t anybody to put the brakes on.<\/p>\n
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\nThese are all algorithms and they are just going to move based upon<\/p>\n
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\nwhatever is happening in the market at that moment in time.<\/p>\n
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\nBut this is also what creates all of the whipsaw volatility<\/p>\n
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\nand not just that we’ve seen in the oil markets,<\/p>\n
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\nbut also in the Treasury markets and the Treasury markets<\/p>\n
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\nare the flipping foundation of the global financial system.<\/p>\n
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\nHow does that make you feel?<\/p>\n
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\nBecause it makes me feel awful.<\/p>\n
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\nIt scares me. This is why I’m in gold.<\/p>\n
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\nI don’t want to be in those markets<\/p>\n
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\nwhere they’re the ones that are controlling everything.<\/p>\n
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\nI want to hold it.<\/p>\n
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\nI want to own it outright.<\/p>\n
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\nI want it to be invisible.<\/p>\n
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\nI want to always have access to it.<\/p>\n
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\nBut just so you can see how this has grown.<\/p>\n
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\nRight.<\/p>\n
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\nEnergy sector’s up<\/p>\n
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\nthree times from 2021 to 2023.<\/p>\n
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\nThis is December of 2021 to July of 2023 a year.<\/p>\n
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\nWhat is that? A year and a half?<\/p>\n
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\nYear and a half up three times up four times.<\/p>\n
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\nThis is just the top three, up four times.<\/p>\n
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\nAs my grandson would say.<\/p>\n
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\nI mean, do you get that There are bots,<\/p>\n
00:13:18:02 – 00:13:23:07
\njust computer algorithms that are trading these markets<\/p>\n
00:13:23:07 – 00:13:28:22
\nthat you put your hard earned money into through your 401.<\/p>\n
00:13:28:22 – 00:13:30:18
\nK through your.<\/p>\n
00:13:30:18 – 00:13:34:17
\nAnnuity variable annuity through your IRAs<\/p>\n
00:13:34:17 – 00:13:37:17
\nwhen you buy mutual funds or ETFs<\/p>\n
00:13:37:21 – 00:13:41:09
\nor any of these managed products.<\/p>\n
00:13:41:11 – 00:13:45:23
\nAnd these are traded by algorithms, not humans.<\/p>\n
00:13:46:01 – 00:13:50:09
\nAnd this is this is really quite critical because algorithms don’t care<\/p>\n
00:13:50:09 – 00:13:54:18
\nabout anything other than the formulas that are put in.<\/p>\n
00:13:54:20 – 00:13:58:16
\nThat makes me, to be honest with you,<\/p>\n
00:13:58:18 – 00:14:01:09
\na bit uncomfortable, to say the least,<\/p>\n
00:14:01:09 – 00:14:04:21
\nbecause these are completely opaque, opaque.<\/p>\n
00:14:04:23 – 00:14:09:21
\nThat’s why I always tell you I would rather be two weeks, ten years too early.<\/p>\n
00:14:09:22 – 00:14:13:18
\nI don’t care how early I am, but I don’t even<\/p>\n
00:14:13:18 – 00:14:17:11
\nwant to be one second too late.<\/p>\n
00:14:17:13 – 00:14:21:02
\nSo too many people think that they’re going to magically know<\/p>\n
00:14:21:06 – 00:14:25:13
\nand have the time, ability and money to get prepared.<\/p>\n
00:14:25:15 – 00:14:27:00
\nWell, you don’t.<\/p>\n
00:14:27:00 – 00:14:30:08
\nAnd if you go back to 2008, in September<\/p>\n
00:14:30:08 – 00:14:34:00
\nwhen Lehman failed, did you know that was going to happen?<\/p>\n
00:14:34:02 – 00:14:35:21
\nOr were you shocked?<\/p>\n
00:14:35:21 – 00:14:38:08
\nBecause I was paying very close attention.<\/p>\n
00:14:38:08 – 00:14:41:10
\nLehman’s my alma mater, and I couldn’t<\/p>\n
00:14:41:10 – 00:14:44:10
\nhave told you 5 minutes before it actually happened<\/p>\n
00:14:44:11 – 00:14:49:16
\nthat I would have believed that what happened could have happened.<\/p>\n
00:14:49:18 – 00:14:51:02
\nAnd I don’t think.<\/p>\n
00:14:51:02 – 00:14:52:15
\nWell, there are certainly people<\/p>\n
00:14:52:15 – 00:14:55:15
\nthat pay more attention to the markets than I do, I’m sure.<\/p>\n
00:14:55:20 – 00:14:59:12
\nBut most normal people do not for sure.<\/p>\n
00:14:59:14 – 00:15:03:04
\nSo the time to get prepared is now<\/p>\n
00:15:03:06 – 00:15:05:16
\nwhile we still have the time<\/p>\n
00:15:05:16 – 00:15:08:15
\nand the opportunity and available.<\/p>\n
00:15:08:15 – 00:15:11:16
\nKitty, because this market is drying up<\/p>\n
00:15:11:16 – 00:15:16:00
\npretty quickly, especially when we see the breakout<\/p>\n
00:15:16:05 – 00:15:21:17
\nthat recently happened in the spot gold contracts.<\/p>\n
00:15:21:19 – 00:15:24:07
\nWell, what about something that’s an absolute<\/p>\n
00:15:24:07 – 00:15:28:00
\nnecessity for you and I to have, which is water.<\/p>\n
00:15:28:02 – 00:15:29:10
\nWe can live without oil.<\/p>\n
00:15:29:10 – 00:15:33:12
\nWe can walk, we can ride horses, we can ride bicycles.<\/p>\n
00:15:33:14 – 00:15:35:23
\nBut can we live without water?<\/p>\n
00:15:35:23 – 00:15:37:12
\nNo, we can.<\/p>\n
00:15:37:12 – 00:15:40:12
\nIf you do not have water, you die.<\/p>\n
00:15:40:18 – 00:15:43:09
\nAnd well, let’s see. When was this?<\/p>\n
00:15:43:11 – 00:15:45:11
\neight, 20, 28,<\/p>\n
00:15:45:11 – 00:15:49:11
\n21 of 2020.<\/p>\n
00:15:49:13 – 00:15:53:21
\nSo a little bit more than three years ago.<\/p>\n
00:15:53:23 – 00:15:54:13
\nThe U.S.<\/p>\n
00:15:54:13 – 00:15:57:14
\nregulator welcomes a water futures<\/p>\n
00:15:57:18 – 00:16:01:11
\nas a tool to manage climate risk.<\/p>\n
00:16:01:13 – 00:16:06:23
\nDo you really want to be controlled by these opaque computers<\/p>\n
00:16:07:03 – 00:16:10:17
\nand those that make the rules and the laws?<\/p>\n
00:16:10:19 – 00:16:12:22
\nThis is why Here’s the motto.<\/p>\n
00:16:12:22 – 00:16:14:19
\nYou guys have heard it a gazillion times.<\/p>\n
00:16:14:19 – 00:16:16:00
\nYou’ll hear it again.<\/p>\n
00:16:16:00 – 00:16:19:12
\nFood, water, energy, security,<\/p>\n
00:16:19:16 – 00:16:24:07
\nbarter, ability, wealth preservation, community and shelter.<\/p>\n
00:16:24:09 – 00:16:28:08
\nGet it done because you cannot live without water.<\/p>\n
00:16:28:12 – 00:16:32:03
\nSo now that that’s been turned into a trading asset,<\/p>\n
00:16:32:08 – 00:16:35:04
\nwhat do you think the impact of that is?<\/p>\n
00:16:35:04 – 00:16:37:16
\nWell, let’s just keep reading this.<\/p>\n
00:16:37:16 – 00:16:42:06
\nThe CME, which operates the Chicago Futures Exchange last week, said<\/p>\n
00:16:42:06 – 00:16:46:09
\nthat it would begin trading the world’s first futures contracts for water<\/p>\n
00:16:46:15 – 00:16:52:13
\ntied to prices in, of all places, California.<\/p>\n
00:16:52:15 – 00:16:53:08
\nWell,<\/p>\n
00:16:53:08 – 00:16:59:02
\nyou know, we’ve already had the experience with Enron and other entities on on<\/p>\n
00:16:59:06 – 00:17:03:13
\nhow California, particularly their energy,<\/p>\n
00:17:03:18 – 00:17:07:10
\ntheir rights, have been traded away.<\/p>\n
00:17:07:12 – 00:17:12:04
\nBut the contracts are a really good thing.<\/p>\n
00:17:12:06 – 00:17:12:22
\nYeah.<\/p>\n
00:17:12:22 – 00:17:15:16
\nWater derivatives and other investment<\/p>\n
00:17:15:16 – 00:17:18:21
\nproducts linked to environmental, social<\/p>\n
00:17:18:21 – 00:17:22:18
\nand governance factors will help stakeholder viewers.<\/p>\n
00:17:22:20 – 00:17:24:18
\nThere was a stakeholder.<\/p>\n
00:17:24:18 – 00:17:26:18
\nthose are deep pockets.<\/p>\n
00:17:26:18 – 00:17:28:23
\nThere are the stakeholders, not you or me.<\/p>\n
00:17:28:23 – 00:17:31:22
\nHelp stakeholders manage the risk<\/p>\n
00:17:31:22 – 00:17:36:10
\nthat is going to continue to present itself to us.<\/p>\n
00:17:36:12 – 00:17:39:12
\nso it’s supposed to be a good thing for you and me?<\/p>\n
00:17:39:17 – 00:17:41:13
\nIs it?<\/p>\n
00:17:41:13 – 00:17:43:07
\nI don’t think so.<\/p>\n
00:17:43:07 – 00:17:44:16
\nHere we are.<\/p>\n
00:17:44:16 – 00:17:48:08
\nApril 11, 2023.<\/p>\n
00:17:48:10 – 00:17:50:18
\nSo not even three years later.<\/p>\n
00:17:50:18 – 00:17:52:14
\nGround water, gold rush.<\/p>\n
00:17:52:14 – 00:17:54:17
\nWhat a shocker.<\/p>\n
00:17:54:17 – 00:17:57:08
\nI mean, seriously, banks, pension<\/p>\n
00:17:57:08 – 00:18:01:03
\nfunds and insurers have been turning to California’s scarce water<\/p>\n
00:18:01:07 – 00:18:07:19
\ninto enormous profits, leaving people with less to drink.<\/p>\n
00:18:07:21 – 00:18:09:15
\nYeah.<\/p>\n
00:18:09:15 – 00:18:11:16
\nIsn’t that interesting thing<\/p>\n
00:18:11:16 – 00:18:15:08
\nthat just not even three short years after this<\/p>\n
00:18:15:08 – 00:18:19:16
\nwas turned into a financial trading product<\/p>\n
00:18:19:16 – 00:18:23:19
\nthat was supposed to be a good thing for stakeholders to manage risk?<\/p>\n
00:18:23:21 – 00:18:26:01
\nNow, who’s really at risk?<\/p>\n
00:18:26:01 – 00:18:26:22
\nYou and I are.<\/p>\n
00:18:26:22 – 00:18:30:23
\nIf we are completely dependent upon the normal water supply.<\/p>\n
00:18:31:04 – 00:18:32:09
\nWe’re in trouble.<\/p>\n
00:18:32:09 – 00:18:35:23
\nWhat have you done to ensure<\/p>\n
00:18:35:23 – 00:18:40:17
\nthat you always have water to drink and water to grow food with<\/p>\n
00:18:40:19 – 00:18:45:10
\nand clean yourselves with and all the other very important things<\/p>\n
00:18:45:12 – 00:18:49:14
\nthat water provides for us, the ability to live.<\/p>\n
00:18:49:16 – 00:18:51:09
\nBecause here’s the truth.<\/p>\n
00:18:51:09 – 00:18:54:01
\nDeeper pockets, deeper wells.<\/p>\n
00:18:54:01 – 00:18:57:17
\nThat’s what’s basically going on here.<\/p>\n
00:18:57:19 – 00:18:59:21
\nWhoever is doing this doesn’t<\/p>\n
00:18:59:21 – 00:19:03:13
\ngive a damn about the small people.<\/p>\n
00:19:03:15 – 00:19:05:23
\nWell, as traders, they don’t give a damn about that.<\/p>\n
00:19:05:23 – 00:19:07:20
\nThey only care about profits.<\/p>\n
00:19:07:20 – 00:19:11:21
\nLast year, almost 1500 domestic<\/p>\n
00:19:11:21 – 00:19:16:15
\nwells went dry statewide, and the state auditor reported<\/p>\n
00:19:16:15 – 00:19:22:17
\nalmost a million Californians had no safe drinking water in their homes.<\/p>\n
00:19:22:19 – 00:19:28:15
\nToday, the people of Woodville drink bottled water.<\/p>\n
00:19:28:17 – 00:19:29:19
\nSo what if you have a pump<\/p>\n
00:19:29:19 – 00:19:34:17
\nto your home is going to cost you more, and now you have to go out and buy water.<\/p>\n
00:19:34:19 – 00:19:39:18
\nNow, I know a lot of people do buy water that creates some other things as well.<\/p>\n
00:19:39:20 – 00:19:43:05
\nBut my point here is everything has been turned<\/p>\n
00:19:43:05 – 00:19:47:13
\ninto a financial product and it’s all controlled by traders.<\/p>\n
00:19:47:15 – 00:19:53:04
\nSo that creates a problem for the central banks that are raising<\/p>\n
00:19:53:04 – 00:19:57:05
\nor lower or lowering rates in an attempt to control inflation.<\/p>\n
00:19:57:10 – 00:20:03:12
\nBecause what they’re really depending upon is a true supply and demand market.<\/p>\n
00:20:03:18 – 00:20:07:15
\nBut what they’re really playing with<\/p>\n
00:20:07:16 – 00:20:10:06
\nis Wall Street<\/p>\n
00:20:10:06 – 00:20:13:00
\nand that derivatives market,<\/p>\n
00:20:13:00 – 00:20:16:19
\nwhich again, everybody admits<\/p>\n
00:20:16:19 – 00:20:21:12
\nevery single governing entity admits<\/p>\n
00:20:21:13 – 00:20:26:05
\nthat nobody knows the true value at risk.<\/p>\n
00:20:26:07 – 00:20:29:20
\nI’m going back to this one for a second.<\/p>\n
00:20:29:22 – 00:20:33:10
\nNobody knows the true value at risk<\/p>\n
00:20:33:12 – 00:20:38:23
\nin these speculative derivatives in which banks and wall.<\/p>\n
00:20:39:03 – 00:20:40:14
\nWell, this is just banks.<\/p>\n
00:20:40:14 – 00:20:43:12
\nSo it’s different for Wall Street firms.<\/p>\n
00:20:43:12 – 00:20:49:05
\nBanks make 51.7% in at least in last quarter.<\/p>\n
00:20:49:08 – 00:20:52:05
\nSometimes it is closer to 100%<\/p>\n
00:20:52:05 – 00:20:55:22
\nin trading revenue in all of their revenues.<\/p>\n
00:20:56:00 – 00:20:59:00
\nDon’t you think that’s kind of significant?<\/p>\n
00:20:59:00 – 00:21:03:13
\nWho’s more important to you on Wall Street?<\/p>\n
00:21:03:15 – 00:21:06:11
\nWell, financialization<\/p>\n
00:21:06:11 – 00:21:10:06
\nis where Wall Street becomes far more important than Main Street.<\/p>\n
00:21:10:11 – 00:21:12:17
\nAnd Wall Street has one.<\/p>\n
00:21:12:17 – 00:21:16:06
\nAnd this is another big reason why the whole system<\/p>\n
00:21:16:10 – 00:21:20:02
\nhas to reset,<\/p>\n
00:21:20:04 – 00:21:22:01
\nbecause we’re at the end.<\/p>\n
00:21:22:01 – 00:21:27:05
\nThey’ve gotten everything or they’re about to get everything they can out of us<\/p>\n
00:21:27:07 – 00:21:29:01
\nor go into a hyperinflationary<\/p>\n
00:21:29:01 – 00:21:32:06
\ndepression and convert into a new system.<\/p>\n
00:21:32:08 – 00:21:35:08
\nAnd this is why community is so important,<\/p>\n
00:21:35:14 – 00:21:40:16
\nbecause if we stand alone, there’s no one thing we can do<\/p>\n
00:21:40:18 – 00:21:42:09
\nagainst these entities.<\/p>\n
00:21:42:09 – 00:21:44:17
\nThere are too powerful.<\/p>\n
00:21:44:17 – 00:21:48:15
\nBut if we come together, there are more of us than there are of them.<\/p>\n
00:21:48:15 – 00:21:50:15
\nAnd we have more pocketbooks than they do.<\/p>\n
00:21:50:15 – 00:21:51:17
\nThey have leverage.<\/p>\n
00:21:51:17 – 00:21:53:02
\nWe have pocketbooks.<\/p>\n
00:21:53:02 – 00:21:55:22
\nAnd how do you stand against them?<\/p>\n
00:21:55:22 – 00:21:58:22
\nThis is how you do it.<\/p>\n
00:21:59:03 – 00:22:03:13
\nYou take your wealth out of the system<\/p>\n
00:22:03:15 – 00:22:08:21
\nand you put it in something that is real, like real money<\/p>\n
00:22:08:23 – 00:22:14:16
\nthat is used in every single sector of the global economy.<\/p>\n
00:22:14:17 – 00:22:19:23
\nSo there is always real demand and<\/p>\n
00:22:20:01 – 00:22:24:15
\nnot the fake demand that all of these trading contracts<\/p>\n
00:22:24:17 – 00:22:28:14
\ncreate and the leverage that they create.<\/p>\n
00:22:28:16 – 00:22:31:16
\nYou hold it, you own it outright.<\/p>\n
00:22:31:19 – 00:22:35:16
\nLet me show you just, you know, a few examples.<\/p>\n
00:22:35:18 – 00:22:38:15
\nAnd understand everything has been turned into this.<\/p>\n
00:22:38:15 – 00:22:40:14
\nThis is from the CME Group,<\/p>\n
00:22:40:14 – 00:22:44:09
\nthe world’s benchmark commodity products, all in one place.<\/p>\n
00:22:44:13 – 00:22:49:09
\nWe’re going to make it so easy to trade, engage in multi commodity strategies<\/p>\n
00:22:49:12 – 00:22:52:14
\nwith one connection, one clearinghouse,<\/p>\n
00:22:52:18 – 00:22:55:15
\nand one window to the world’s most liquid<\/p>\n
00:22:55:15 – 00:22:59:03
\nphysical futures and options markets.<\/p>\n
00:22:59:05 – 00:23:02:16
\nPhysical meaning oil, gold,<\/p>\n
00:23:02:18 – 00:23:07:11
\nlumber, steel, food, energy.<\/p>\n
00:23:07:13 – 00:23:10:10
\nPhysical assets that have been turned<\/p>\n
00:23:10:10 – 00:23:13:16
\ninto a trading contract.<\/p>\n
00:23:13:18 – 00:23:17:04
\nAnd since it’s cheap and it’s almost free,<\/p>\n
00:23:17:08 – 00:23:20:23
\nit’s cheap and it’s nothing to move in and out of these contracts.<\/p>\n
00:23:21:01 – 00:23:23:13
\nThey don’t care about the ultimate outcome.<\/p>\n
00:23:23:13 – 00:23:28:13
\nThey don’t even really care about yours or mine, short term outcome.<\/p>\n
00:23:28:19 – 00:23:32:04
\nThey only care about picking up some profits.<\/p>\n
00:23:32:06 – 00:23:36:23
\nAnd here’s an example of some of those commodities in the energy space.<\/p>\n
00:23:36:23 – 00:23:38:15
\nAnd we all use energy.<\/p>\n
00:23:38:15 – 00:23:43:14
\nYou got crude oil, you’ve got natural gas, you’ve got West Texas oil.<\/p>\n
00:23:43:18 – 00:23:49:02
\nSo processed oil and in food, corn, soybeans, soybean, oil, oil, wheat.<\/p>\n
00:23:49:02 – 00:23:52:03
\nBut, you know, it’s also in sugar and cocoa<\/p>\n
00:23:52:07 – 00:23:55:17
\nand coffee and everything.<\/p>\n
00:23:55:17 – 00:24:00:03
\nOlive oil, everything, everything, everything.<\/p>\n
00:24:00:05 – 00:24:03:15
\nAnd anything that is<\/p>\n
00:24:03:17 – 00:24:07:04
\na tangible assets and it’s really the<\/p>\n
00:24:07:06 – 00:24:11:06
\nthe traders that control the consumer pricing.<\/p>\n
00:24:11:08 – 00:24:13:04
\nThey can drive those prices up.<\/p>\n
00:24:13:04 – 00:24:14:06
\nThey can drive them down.<\/p>\n
00:24:14:06 – 00:24:19:23
\nDon’t you remember what was it during the pandemic when we had minus<\/p>\n
00:24:20:04 – 00:24:23:04
\nI was going to pay you, a trader would pay you<\/p>\n
00:24:23:04 – 00:24:26:14
\n35 bucks for a barrel of oil<\/p>\n
00:24:26:16 – 00:24:28:04
\nminus.<\/p>\n
00:24:28:04 – 00:24:31:13
\nSo don’t be fooled by this lie.<\/p>\n
00:24:31:14 – 00:24:35:07
\nHere’s another one, which is metals contracts.<\/p>\n
00:24:35:11 – 00:24:38:00
\nOkay, so what do we have? We have gold.<\/p>\n
00:24:38:00 – 00:24:39:13
\nWe have silver.<\/p>\n
00:24:39:13 – 00:24:40:18
\nWe have.<\/p>\n
00:24:40:18 – 00:24:42:19
\nWell, that’s those are the two that are going to show you.<\/p>\n
00:24:42:19 – 00:24:45:13
\nBut it’s also copper,<\/p>\n
00:24:45:13 – 00:24:47:12
\nplatinum, palladium.<\/p>\n
00:24:47:12 – 00:24:49:02
\nEverything. Everything.<\/p>\n
00:24:49:02 – 00:24:50:09
\nEverything. Everything.<\/p>\n
00:24:50:09 – 00:24:51:10
\nWe are at the end.<\/p>\n
00:24:51:10 – 00:24:53:20
\nEverything has been commoditized.<\/p>\n
00:24:53:20 – 00:24:56:02
\nEverything has been financialized.<\/p>\n
00:24:56:02 – 00:24:59:22
\nIt has all been trade changed into<\/p>\n
00:25:00:00 – 00:25:02:11
\na trading product.<\/p>\n
00:25:02:11 – 00:25:07:12
\nAnd what you’re looking at is from you’ve seen this graph like lots of times<\/p>\n
00:25:07:14 – 00:25:12:13
\nfrom the office of the the Ocz.<\/p>\n
00:25:12:15 – 00:25:14:10
\nYeah.<\/p>\n
00:25:14:10 – 00:25:16:13
\nAnd this is gold contracts,<\/p>\n
00:25:16:13 – 00:25:20:04
\nnotional amounts of gold contracts.<\/p>\n
00:25:20:06 – 00:25:24:15
\nAnd you can see how they spiked because they changed some accounting rules.<\/p>\n
00:25:24:17 – 00:25:29:12
\nBut do you think that this could suppress the price and manage the price?<\/p>\n
00:25:29:18 – 00:25:33:10
\nAnd the difference between these colors are the length of the contract,<\/p>\n
00:25:33:12 – 00:25:36:00
\nbut it doesn’t really matter how long the contract is.<\/p>\n
00:25:36:00 – 00:25:39:07
\nNot like you have to sit or the traders have to sit and hold them.<\/p>\n
00:25:39:09 – 00:25:42:09
\nAll they really want to do is a pickup.<\/p>\n
00:25:42:10 – 00:25:45:00
\nThey only care about the profits.<\/p>\n
00:25:45:00 – 00:25:47:20
\nAnd also I will remind you<\/p>\n
00:25:47:20 – 00:25:52:01
\nthat we just recently had a breakout<\/p>\n
00:25:52:03 – 00:25:55:15
\nfrom a triple top.<\/p>\n
00:25:55:17 – 00:25:58:07
\nI’ve talked about this and talked about this.<\/p>\n
00:25:58:07 – 00:26:01:13
\nYou can refer back to the work that I’ve done on<\/p>\n
00:26:01:13 – 00:26:05:11
\nwhat’s happening in the gold market since December 5th.<\/p>\n
00:26:05:13 – 00:26:07:12
\nThis is a very big deal.<\/p>\n
00:26:07:12 – 00:26:10:21
\nAnd what this really tells me is that traders<\/p>\n
00:26:10:22 – 00:26:15:19
\nsee some of the writing on the wall, and they are buying gold<\/p>\n
00:26:15:19 – 00:26:24:00
\nand overwhelming the Fed’s ability to keep that price suppressed.<\/p>\n
00:26:24:02 – 00:26:26:14
\nWell, which camp do you want to be in?<\/p>\n
00:26:26:14 – 00:26:29:20
\nYou have to decide for yourself.<\/p>\n
00:26:29:22 – 00:26:34:20
\nDo you want the traders to control your wealth?<\/p>\n
00:26:34:22 – 00:26:38:15
\nAnd and they’re all overvalued because of that, because it really doesn’t<\/p>\n
00:26:38:15 – 00:26:39:00
\nmatter.<\/p>\n
00:26:39:00 – 00:26:43:14
\nAnd this era of cheap money is over, at least for now.<\/p>\n
00:26:43:16 – 00:26:45:19
\nOr do you want to control it?<\/p>\n
00:26:45:19 – 00:26:47:12
\nThis puts you in the driver’s seat.<\/p>\n
00:26:47:12 – 00:26:51:19
\nWhy do you think they have to take gold out of the money system to begin with?<\/p>\n
00:26:51:21 – 00:26:55:03
\nBecause when we were on a gold standard, if you did not like<\/p>\n
00:26:55:03 – 00:26:59:02
\nwhat the governments were doing, you simply walked into the bank<\/p>\n
00:26:59:03 – 00:27:02:09
\nwith, well, a $20 bill.<\/p>\n
00:27:02:11 – 00:27:03:05
\nI got one.<\/p>\n
00:27:03:05 – 00:27:08:02
\nBut you walked in for a $20 bill and you walked out with an ounce of gold.<\/p>\n
00:27:08:04 – 00:27:09:10
\nWell, that created<\/p>\n
00:27:09:10 – 00:27:12:10
\nrestrictions around what the government could do.<\/p>\n
00:27:12:12 – 00:27:14:00
\nThey did not like it.<\/p>\n
00:27:14:00 – 00:27:18:11
\nPlus, corporations wanted to pay you less and less on a gold standard.<\/p>\n
00:27:18:11 – 00:27:19:20
\nThat really didn’t happen. I’m<\/p>\n
00:27:19:20 – 00:27:24:05
\nnot saying there wasn’t an ebb and flow, but it was simply an ebb and flow.<\/p>\n
00:27:24:07 – 00:27:28:21
\nSo they had to convert us to the fiat money system, which is just,<\/p>\n
00:27:28:23 – 00:27:33:06
\nyou know, their ability to print all that garbage.<\/p>\n
00:27:33:08 – 00:27:33:19
\nRight.<\/p>\n
00:27:33:19 – 00:27:37:09
\nAnd control the value of what<\/p>\n
00:27:37:09 – 00:27:41:04
\nthey were printing and take gold out of the system.<\/p>\n
00:27:41:04 – 00:27:44:23
\nSo governments had no limitations on the level of debt<\/p>\n
00:27:45:01 – 00:27:49:11
\nthat they could grow, which certainly we’re at a peak.<\/p>\n
00:27:49:15 – 00:27:52:07
\nIt’s a big concern.<\/p>\n
00:27:52:07 – 00:27:55:10
\nBut also the ability of corporations<\/p>\n
00:27:55:15 – 00:27:59:20
\nto pay you less and less because nominally it looks like you’re making more.<\/p>\n
00:27:59:22 – 00:28:05:09
\nBut in reality, because inflation has robbed you of your purchasing power,<\/p>\n
00:28:05:10 – 00:28:10:03
\nthere is actually less and less value in these things.<\/p>\n
00:28:10:03 – 00:28:12:20
\nIn fact, officially $0.03.<\/p>\n
00:28:12:20 – 00:28:15:08
\nWhat happens when you get to zero?<\/p>\n
00:28:15:08 – 00:28:17:04
\nThey tested negative rates.<\/p>\n
00:28:17:04 – 00:28:20:14
\nThat’s what the CBDCS will enable the central banks to do.<\/p>\n
00:28:20:18 – 00:28:24:04
\nThey tell us that once we have cbdcs,<\/p>\n
00:28:24:05 – 00:28:29:02
\nthere are no limits on how low we can push interest rates.<\/p>\n
00:28:29:04 – 00:28:31:03
\nAnd they will<\/p>\n
00:28:31:03 – 00:28:34:04
\nbecause they have to take and attack your principle.<\/p>\n
00:28:34:08 – 00:28:36:10
\nThat’s what negative rates do.<\/p>\n
00:28:36:10 – 00:28:38:05
\nThey get all the purchasing power.<\/p>\n
00:28:38:05 – 00:28:39:21
\nYour principles next.<\/p>\n
00:28:39:21 – 00:28:44:22
\nHow do you fight that?<\/p>\n
00:28:45:00 – 00:28:46:14
\nThis is how you fight that.<\/p>\n
00:28:46:14 – 00:28:47:17
\nIt’s so simple.<\/p>\n
00:28:47:17 – 00:28:51:01
\nLook at what the central banks are doing for themselves.<\/p>\n
00:28:51:03 – 00:28:56:03
\nThey’re buying gold hand over fist so that at the other side of this mess,<\/p>\n
00:28:56:05 – 00:29:00:20
\nthey retain choices, retain their freedom and retain control.<\/p>\n
00:29:00:22 – 00:29:07:07
\nSame exact reason why you and I do it now.<\/p>\n
00:29:07:09 – 00:29:10:22
\nMake sure that you watch the last video that we did,<\/p>\n
00:29:11:00 – 00:29:15:07
\nwhich is interest on the debt bubble, because once you have<\/p>\n
00:29:15:07 – 00:29:19:10
\nthat going up like a hockey stick, there ain’t no getting out of debt.<\/p>\n
00:29:19:10 – 00:29:22:08
\nYou have to a hyper inflated away.<\/p>\n
00:29:22:08 – 00:29:27:11
\nAlso, you know, we have a great desk, which I know many of you are participating<\/p>\n
00:29:27:11 – 00:29:30:19
\nin, So happy between Daniela Carmona<\/p>\n
00:29:31:00 – 00:29:33:22
\nand Taylor, Kenny and me.<\/p>\n
00:29:33:22 – 00:29:37:01
\nI think we’ve got you covered in every single area,<\/p>\n
00:29:37:01 – 00:29:40:15
\nwhether it’s interviews, deep dives or one on ones.<\/p>\n
00:29:40:20 – 00:29:45:12
\nWe want you to have the ability to make educated choices.<\/p>\n
00:29:45:12 – 00:29:47:13
\nThat puts your best interests first.<\/p>\n
00:29:47:13 – 00:29:49:15
\nWhat a concept.<\/p>\n
00:29:49:15 – 00:29:53:15
\nSo if you haven’t done it yet, click that cowardly link below.<\/p>\n
00:29:53:17 – 00:29:57:15
\nGet your strategy, not just set up, get it executed.<\/p>\n
00:29:57:20 – 00:30:01:12
\nWe only have as much time as we have, and I can’t tell you<\/p>\n
00:30:01:12 – 00:30:04:11
\nthe exact moment that you’re going to lose those choices.<\/p>\n
00:30:04:14 – 00:30:06:15
\nBut I can tell you I can this.<\/p>\n
00:30:06:15 – 00:30:08:05
\nI can give you this guarantee.<\/p>\n
00:30:08:05 – 00:30:11:05
\nWe will come a time where you will lose those choices.<\/p>\n
00:30:11:10 – 00:30:16:07
\nSo make it while you can, while it’s still severely undervalued.<\/p>\n
00:30:16:07 – 00:30:19:06
\nAnd you actually had some choices left.<\/p>\n
00:30:19:06 – 00:30:21:21
\nAnd if you like this, please give us a thumbs up.<\/p>\n
00:30:21:21 – 00:30:23:17
\nMake sure that you subscribe.<\/p>\n
00:30:23:17 – 00:30:25:17
\nLeave a comment.<\/p>\n
00:30:25:17 – 00:30:30:00
\nAnd remember, this is your wealth shield<\/p>\n
00:30:30:02 – 00:30:32:13
\nphysical in your possession.<\/p>\n
00:30:32:13 – 00:30:37:10
\nBecause if you do hold it, you don’t own it.<\/p>\n
00:30:37:12 – 00:30:41:23
\nAnd until next wee me, please be safe out there.<\/p>\n
00:30:42:01 – 00:30:42:14
\nBye bye.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Uncover the truth about who really controls inflation! Revealing the financialization of America since Nixon and how every asset is now […]<\/p>\n","protected":false},"author":23,"featured_media":34993,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1713],"tags":[2107,2706,3040,3041],"class_list":["post-34992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-peek-beneath-the-skin-of-the-markets","tag-financialization","tag-market-analysis","tag-inflation-exposed","tag-investing-insights"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34992","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=34992"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34992\/revisions"}],"predecessor-version":[{"id":35004,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34992\/revisions\/35004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/34993"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=34992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=34992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=34992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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