Zang described the U.S. banking sector as "extraordinarily sick."]
Why do you think they're pushing for a nuclear World War III?
All according to plan
Posted on 09/23/2024 4:40:52 AM PDT by delta7
The U.S. is entering an era of hyperinflation, warns Lynette Zang, Founder & CEO of Zang Enterprises, adding that the transition in the U.S. has already begun.
"I believe with all my heart and everything that I know that we've already begun the transition to hyperinflation," Zang told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "We're going to see more borrowing, more money printing, more inflation because they have not killed that beast that they created and continue to create. It'll become very obvious in 2025."
Zang sees the economy holding up well through the U.S. elections on November 5th, but then she projects that the macroenvironment will deteriorate quickly.
Watch the video above for Zang's macro outlook and what could trigger hyperinflation in the U.S. "What they have in mind for us takes us back to feudal times," she described.
Zang pointed to the FRED's chart showing the Purchasing Power of the Consumer Dollar in U.S. City Average, stating that even the Federal Reserve tells you the greenback can approach zero.
"If you look on that left-hand index, what's down at the bottom, a big fat zero. And we're not very far from that," she said. "It's critical that there is a zero on that index. So they know that the currency is going to zero and what happens when we get there."
Watch the video above for Zang's breakdown of this chart and how this could happen.
The U.S. banking sector is 'extraordinarily sick'
Zang described the U.S. banking sector as "extraordinarily sick."
The consolidation within the U.S. banking sector has accelerated this year, with 54 U.S. bank deals already announced in the first two quarters of this year, which is on pace to surpass 2023's 99 deal announcements, according to S&P Global.
There has also been a surge in bank branch closures. Last year, nearly 2,500 bank branches closed. On top of that, more than 400 branches have closed so far in 2024.
This all comes as U.S. regulators made significant changes to their proposed bank capital rules, cutting the expected impact on the largest banks by about half and exempting smaller lenders from major parts of the plan. Fed Vice Chair for Supervision Michael Barr previewed these revisions, stating that new requirements will reduce the capital hike for the eight biggest U.S. banks, including Citigroup, Bank of America, and JPMorgan Chase, from 19% down to 9%.
Zang forecasts a huge crisis in 2025 as the public starts to lose confidence in the U.S. dollar. Watch the video above for her insights into the U.S. banking sector and the greenback.
"Every single bank is underwater," Zang said. "2025 is going to be a much more visual year with a tremendous amount of market volatility."
The Fed’s chart, posted as a public service. Maybe someone here knows how t9 post the graphic.Thanks.
https://fred.stlouisfed.org/series/CUUR0000SA0R
Funnily enough, while the purchasing power of a dollar has declined over a century, the number of dollars I possess has risen at a much faster pace than that decline. I can buy a lot more stuff than my great-grandfather could.
bttt
This is the poison pill the Biden/Harris regime put into motion when they were elected. The country just needed a little push and they provided it with no oil drilling policy on federal land, shutting down the XL pipeline and spending 1.9 trillion on the “Inflation reduction act” (green new deal). If Trump is elected, the media will blame him. If Harris is elected, she gets to hand out the bread in the bread lines while shacking up in the White House.
Exactly true !
It's part of the DemonRAT plan
Drivel
Can’t judge is this woman’s analysis is accurate, yet if it is ...
What’s the best financial strategy if she is right, but doesn’t hamstring you if she’s not?
Gold you actually possess? Or lead and food? Both?
Actually a serious question, to those who can speak to global money affairs and M1/M2 money supplies etc etc.
purchase some canned food.
and for the love of God, do not tell anyone you have food
Back up your food with lead
Usually, articles of this type precede pitches for precious metals firms’ products by gold bugs, but the underlying issues here feel more serious the last couple years. I guess an upside might be paying off fixed rate debt with hyperinflated dollars if such a window to do so opened, but it gets unhappy in the present life shortly after that.
They did not only setup the failure through actions domestically coupled with out of control spending, but they used the dollar to punish any nation that would not go along with the Ukraine war and sanctions against Russia and the rest of their awful foreign policy.
This has led to more nations fleeing into the arms of the BRICS nations who are stronger than ever and positioned to offer an alternative to the dollar as the global reserve currency. Saudi Arabia has already allowed trading in other currencies than the petrodollar. That will continue.
A toppling of the dollar as the global reserve currency for trading would collapse the US overnight. There would be nothing Trump could do about it and he would get all the blame.
The globalists are praying for this. They can wait until Trump’s term is done, inflicting major pain on the nation and ensuring the next POTUS is a Deep State hand puppet. If Harris wins, they can move to blame capitalism and insufficient gov’t controls. Because we will take the EU and many western nations with us down the tubes, it will offer the chance to enact their “Great Reset” and sweep away the US Constitution, reorganizing western nations into a single economic block under a strong central gov’t.
Princes take courses in how to be king. One such course is how to inflate the currency to take care of debt. In the old days, they shaved the coinage
There is a difference in inflation and hyper inflation the lady invokes to make sales.
“...reorganizing western nations into a single economic block under a strong central gov’t...”
I guarantee you that when the USA collapses, it will not go the way these filthy evil globalist expect. The world is going to go down in flames, taking all the oligarchs with it.
I myself am hoping to live long enough to see the deep state exterminated. The welfare state cockroaches (i.e. all the pygmy cannibals) will be feasting on the globalist corpses. Anarchy will reign supreme and millions of worthless democrat voodoo zombies will be dead within a month.
“If Trump is elected, the media will blame him. If Harris is elected, she gets to hand out the bread in the bread lines while shacking up in the White House.”
If the a**holes succeed at destroying the economy every banker, politician, and bureaucrat will be held to account by a hungry mob of formerly happy and peaceful Americans.
I disagree.
The people are very conditioned to turn to gov’t solutions. Even the imported people never took up against their failed gov’t.
“Drivel”
How so?
How? it isn’t happening
We are going back to feudal times? Like with Barons, Knights, and what-not?
I want to own a tavern with fine ale and wenches. I’m going to go buy more gold!
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