Mike Maloney and Lynette Zang Friday PM 3-31-2023
URGENT: "Once the Dollar Loses Reserve Currency Status - There's NO GOING BACK"
Mike Maloney: 3-31-2023
“We are abusing this great privilege that we had, and with this abuse - once we lose the world reserve currency status…there’s no going back.
We won’t get that prosperity that we’ve been able to enjoy. It’s going to be a very, very different world in the United States of America.” - Mike Maloney
Learn the latest details of the alarming trend of global de-dollarization in today's update from Mike.
Fed pivot won’t save economy, Brace for crisis, CBDC and ‘full surveillance economy’ - Lynette Zang
Kitco News: 3-31-2023:
Lynette Zang, Chief Market Analyst at ITM Trading, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the ongoing banking crisis, and why Zang believes that it may have been engineered to reset the financial system and bring in central bank digital currencies and a "full surveillance economy.
" They also discuss accelerating de-dollarization led by the BRICS. Zang explains why she thinks the International Monetary Fund (IMF) is complicit in advancing the demise of the U.S. dollar, and why she thinks the IMF's Special Drawing Rights (SDR) will be used as the next global reserve currency as the dollar is dethroned.
Zang gives her perspective on how investors should prepare for all of this.
0:00 - Banking crises leading to CBDCs
8:36 - Depositors are all insured?
14:58 - Transition to SOFR
18:05 - Financial derivatives bomb
26:31 - Stock market manipulation
30:47 - Engineered financial crisis
44:22 - De-dollarization
50:55 - New reserve currency
55:46 - War and reset
1:02:12 - Pushback against CBDCs
1:04:57 - Investment implications