The Drive to Cryptocurrencies, Who is Really Driving This Bus, by Lynette Zang

hi everybody Lynette zhang chief market analyst here at ITM trading a full-service physical precious metals brokerage house specializing in gold and silver well you might have heard Janet yellen's speech the other day where she just does not understand why they can't generate more inflation the traditional way well aside from the fact that they've been doing all these extraordinary things I thought I would help Janet out a little bit today so I'm going to show you why simply very simply put but you've seen this chart before from the Federal Reserve the purchasing power of the dollar which is down to four cents and truthfully there is no more purchasing power left now as the purchasing power and the value declined so did interest rates so you've got more than 90 percent of the industrialized world that are anchored in zero or somewhere near zero interest rates and there have been some experiments and the negative world but the problem is is that cash is preventing them from going too far below zero so simply put the reason why they can't generate the inflation that they want though you and I experienced that in our day to day lives is because there's virtually no purchasing power left they have to attack principle and cash is stopping them but they have been experimenting with that and Sweden has been leading the pack and part of the reason why Sweden has been as successful in removing cash from their system as they had then is because it's a small country they have four key banks and those banks are very cooperative with each other so in 2009 in the midst of the crisis Sweden was the first central bank ever to experiment with negative rates to take those those rates negative and in 2010 at that point 40% of retail transactions or cash transactions they encourage the use of digital currencies which is the rise that you see right here and as that happened you can see the fall in the use of cash so much so that the most current data that I could find on it which was 2015 only 15% of retail transactions are now cash transactions so Sweden is the closest to being cash less where you could say they're certainly using a whole lot less cash and their central bank and we're gonna talk about this in a minute is also likely to be the first one there they seem to be further along than anybody else in having a central bank crypto coin but not to be outdone by any of this I don't think that it's a coincidence that they are now voluntarily injecting some employees with these microchips because after all and it's so much more convenient to wave your hand and buy something from the vending machine or open a door or what have you so let's all keep this in mind as we move forward with Sweden and we're gonna come back to Sweden in a minute so the problem is the cash lets d'caché and in January of this year yep oh sorry March of this year the IMF wrote a working paper on D cashing now I know that you have this up there on your screen but not everybody likes to do this and this is such an important piece out of that that I'm gonna read it to you and then I'm going to encourage you also to follow the links that we post for all of these images and go in and read the whole report it's really interesting and really telling but they need perception management because they want you to accept this easily in fact they want you to volunteer it so they prefer a private sector-led d cashing private sector and that's preferable to public sector or a government-led d caching remember they just tested that in November in India and they say the former seems almost benign more use of mobile phones to pay for coffee but still needs polit policy adaptation in other words it still has to be legalized it still has to be regulated the latter seems more questionable so if the government's bring this out that's more questionable and people may have valid objections to it uh-huh I have those d caching of either kind leaves both individuals and states more vulnerable to disruptions ranging from power outages to hacks to cyber warfare in any case the tempting attempts to impose D caching by a decree should be avoided yeah they did that in India they did that in Venezuela they see the results of that a targeted outreach program is needed to alleviate suspicions related to D caching they don't want me or you to be suspicious about what their real intentions are and then they lay out those intentions in particular that by D caching the authorities are trying to control all aspects of people's lives including their use of money or push personal savings into banks they say the D caching process would acquire more traction if it were based on here we go folks individual consumer choice now that's how they get you to volunteer if you choose to go into the coffee shop and wave your phone or your hand if your chipped to buy that coffee then that's your choice they're not foisting it on you so this is perception management you can see it right here so they have a plan and that's what I want to talk to you about today because a lot of people think that all of this cryptocurrency and Bitcoin and blockchain and DLT and smart contracts are new well no they're not in 1996 the NSA which is the National Security Association came out with a white paper which outlined basic the basic design of crypto currencies this and it is an index from that white paper and again you'll have all the links to this go in do your due diligence on it but what I found really interesting in this index is how many of the terminology and the concepts that we think are new and outside of the system today but they're outlined right here specifically electric electronic payment public key crypto graphic tools untraceable electronic payments authentication and signature techniques transferability divisibility and oh I like this last one wallet observers now those are the same terms that you hear all the time in the crypto space I don't think it's an accident that they discussed it in those terms in 96 but then then I knew about this one this one in 97 let me tell you when this popped up and I saw what this was I did a happy dance because I didn't know that this existed but in 1997 a year later there was a peer review that came out outlining or basically designing smart contracts so there you go guys 96 97 crypto currencies smart contracts the foundation is laid for this next program now the interesting thing about that is urban legend has it that it was Satoshi Nakamoto who is a really mysterious figure he came out and and bitcoin was born in 2009 now what was else was happening in 2009 gosh we were at the depth of the crisis and they started doing quantitative easing all this massive amount of money printing in on March 9th of 2009 is that a coincidence you don't think so you I mean it could be I can't actually prove that but there are no coincidences and you just saw the evidence of when they were first discussing it and you remember if you've watched enough of these videos that I've said that the system died in 2008 and they put it on life support with all of these extraordinary measures that Janet Yellen doesn't seem to understand why are they aren't working but they put the system on life support till they could get the new money standard in place so not not a surprise that Bitcoin came out in 2009 and I don't think it was a coincidence either but they had to work out the bugs and they had to generate acceptance in this system and that does take a little bit of time so in 2016 the IMF came out with a staff discussion note paper on virtual currencies initial considerations and I really want you to pay a lot of attention to this box down here because there are those that think that the central banks will just roll over and give up their power hey but guess what they've been in they've been in control the earliest one was in the United Kingdom and that's who exported their central bank here to us but since 1694 so you really think that the central banks are gonna go well yeah we've been in power since 1694 we've had our run we're good it's your turn now I don't think so and they don't think so either that's a big consideration for them it's in that report you'll have the link in addition people think that these crypto currencies go around the system I hope you can see they're part of it because they also know how to you know here here we go what is it regulating digital currencies this is 2013 regulated digital currencies bringing Bitcoin within the reach of the IMF and this was put out by the Chicago Journal of international law I mean this is not none of this is a coincidence okay now on the 17th of this month the Bank for International Settlements so the central banks of central banks came out with central bank crypto currencies okay now they do admit that this the risks could not yet be fully assessed because you need to understand there's tons it's all experimentation at this point it's all experimentation so they cannot assess the risks nor do they really know well they haven't really experienced a crisis in this arena yet but there will be because it's all experimental but in this paper and this is what we're going to show you today and then I'm gonna bring it back again to show you how where it fits this paper is a taxonomy of money and it's based on those four key elements so we're gonna look at who the issuer is whether it's a central bank or other the form of it whether it's electronic or physical whether its accessibility Universal so everybody gets to use it or limited use which they also refer to in this paper as retail being Universal and wholesale being just bank use and then the transfer mechanism whether that's centralized or decentralized so that's out of this Bisbee's and again great piece read it for yourself but what they gave us was the money flower and this is an example of what it will look like for them now this blue outline circle here is Central Bank issued currencies and monies of all different what I want to point out to you is that you can see there are a bunch of things in this but you can see how this central bank overlaps in all other areas peer-to-peer universally and this is this is really key in here universally acceptable and then electronic but the central bank covers every single one of those areas now additional testing has but been done in DCA right here this would be central bank issued crypto currencies to the public I'm gonna read this so I get it right but dinero electronic oh is a mobile payment service in Ecuador and so the central bank actually provides directly that money to the public so they have been testing that scheme and they are discussing the fact that the central bank would issue the money directly right now it goes through the key banks so like chase all of the commercial banks Chase Wells Fargo the big guys okay but in their proposal they're showing how they could actually issue e money directly to the public they also show you now right here this is the Fed coin so that's where the Federal Reserve fits in this is the cad coin so that is the Canadian crypto possible it's underlined so it's still in the works but the Canadian central bank coin and you can see Sweden coming back in here and they put that on the line specifically because as they said Sweden is the closest to issuing the first central bank a good central bank cryptocurrency but the other piece that I really want to point out is right here precious metal coins okay and what I want you to keep in mind there were those four things that they wanted us to pay attention – okay this is not issued this this not issued by any central bank it is in physical form see what's the other one okay it is universal this is universal money you can go anywhere in the world and instantly have the same level of purchasing power no matter where you go and it is a true form of decentralized money there's nobody that really controls it they control the paper of it okay so keep this in mind that the four areas properties that they wanted to pay attention to look at where they fall okay peer-to-peer Universal and guess what outside of most of it is outside of the realm of the central bank there you go folks they're telling you we need to we need to start believing what they say but the other one that I wanted to point out right here is the utility settlement coin which is a very big deal now Rory over at um I'm sorry at the at the daily coin he's written extensively about the utility settlement coin we're gonna give you some links to some of his articles so you can get into that more but simply put these major banks are pushing for this and they intend to go in to live a testing of it in 2018 and we're hearing that year 2018 a lot coming up for the new monies but what it does is it digitized and we just know that the sec had a major hack in their system so this all falls into it I don't think it's a coincidence that they happened to bring it up you know within the last two days but this would take all of those intangible assets and digitize them and then they could be converted into cash at the central bank okay so this is a very big deal go find out more about it I will probably do something on this and a few others in more detail but it absolutely is placed on their flour so they're paying a lot of attention to it and it matters a big deal it's a big deal and you see all the push on these big banks not to mention that but they also need greater acceptance so city came out and they said well we have to get the backing of the states and if we can get the backing of the states that's really gonna supercharge global or local acceptance of these crypto currencies well hi live in Arizona thank goodness Arizona recently pays passed a law making these or redesignate as good money because Arizona also passed the very first law let's see Arizona passes ground baking blockchain and smart contract law so we're the first ones however there's lots and lots of legislation that's coming that's coming through right now so you see there was a lot more adoption of this and how much are they really even talking about it I mean they're they want you to see the price of the crypto currencies to go up so that you can accept it but can you see how they're laying all the groundwork cuz here's some more of it this is hyper ledger which is another very big deal here are a bunch of they're not all of them but a bunch of their members and the two particularly that I want to point out to you is DTCC because we've talked about DT sin whether you hear it as DTC DTCC or seed and company that's these guys okay and they are the legal registered ohm owner of almost every single fiat money product on the planet you if you have an account at you know Schwab wherever you know one of the brokerage houses it's held in street name so you're the beneficial owner but the legal registry registered owner is right here and they're a member of hyper ledger also swift now swift actually stands for you might have heard of them but cuz they're huge but the Society for worldwide interbank financial telecommunications that's what Swift stands for and they actually provide an interbank global network for money transfers between banks and central banks all over the world they too have been hacked ok but they are a member right here and you may have also heard like if we're putting sanctions on a country like Iran or North Korea that we that they lose access to the Swift system and that's been a huge Club that we've bludgeoned other countries against and they don't like it so China came up with an alternative but that's another discussion for another day the point is is that you can see this move the foundation is being laid in and we aren't really hearing a whole lot about it unless you're really focused in this arena going back to the smart contracts here you go on 7 what 26 ok so July 26th of 17 this article came out and here you go you have the very first legal smart contract and it's with who o hyper ledger ok can you see how all of these dots are really connected because this is happening whether we wanted to or not what we can make a difference of is the choice on the other side of this mess ok and I'm gonna come to that in a second but I want to talk a little bit about China because we do know that China has chosen the the IMF has chosen China rather to spearhead the shift to the SDR and and they are also committed – spearheading the shift to the crypto currencies so much so that people are more used to if you go to China they're more used to buying things with their phone they a lot of places won't accept cash anymore so China as a technocratic government is committed to this but they recently banned all icos and they also shut down all of the exchanges though at the same time that they did that they continue to encourage the continued development of the smart contract I mean I'm sorry of the blockchain technology and they are very very close themselves to their central bank issuing a crypto currency so it's just that they want to control it they are technocratic okay and technocrats don't care about the individuals as much as they care about the system it's all about the system and if the Chinese Communist Party says you will do this you will do that and by the way we're going to be talking a lot more about this but the China's Chinese Communist Party has a meeting in October that lays out their plans for the next five years that's a very big deal they are committed to this blockchain technology but they want to control it and remember they've also issued the first quantum satellite in space that has actually been tested and works so they're in control of it and they've also done that with a quantum submarine to lay a grid out and all the ocean floors we'll talk more about that with the guests I have coming in the future I'm not too distant future okay so that's China and a little bit more if you saw the Q&A you already saw this yesterday but I did have people ask me since I brought out the octane and everybody wanted to pooh-pooh it I still only see them as being tied to the SDR but people were curious oh well trying to shut down the exchanges and China ban the ICO so that must be not right with octane but the interesting thing is there's a lot of interesting pieces in here our chain has been trading in Japan Canada and Korea so they have not been trading in China I'm gonna Twitter with them and see if I can find out why they weren't ever on the exchange in China but since that's where they're located but I think that's kind of interesting okay in addition they say that our chain is a blockchain tool to do asset digit to the digitization so the crypto currencies that we're talking about don't have they're not digitizing anything they're just ether they're just air they're just algorithms but without chain they're digitizing physical assets if they can physical assets so that also makes it a little bit different for China because China banned the crypto currencies and they also say as an open-source blockchain they have many nodes all over the world so you got to think about all of this stuff has notes all of this stuff goes through networks of computers and that's a huge infrastructure so it's not as invisible and around the system as a lot of people want to think and I want to say this too I can see a lot of good things in this technology I mean having the ability if there's some kind of outbreak and having the ability to go all the way back to see specifically what farm was next to what pig farmer and and why people got Salmonella and all of that I mean I can see the good in it but I can also see the bad in it and I know that it's inevitable but I want us to have choice you don't want everything on a little chip in my hand and especially me I'm 63 that doesn't really mean that much more for my life but my grandson is for my granddaughter two and a half it matters for them more than anybody it matters for the generations to come so I'm going to come back to that in a second but let me show you how far they've come because from 2009 when Bitcoin first came out this is out from coin desk this is the second annual report on blockchain technology and this is the Google searches on that on Bitcoin let's see blockchain nearly every blockchain related term hit all-time global Google search interest and you can see how that was ratcheted up well sure the higher the price goes the more visibility it gets the more excitement surrounds it because people get suckered in perception management and we can see that right here as well in the in the market cap of the crypto currencies right they want that big they want you to see it because all of that generates more acceptance of it and you know shortly after Sweden injected those those microchips into employees at that one company well we followed suit here all right now it's voluntary but once they hit a critical mass then it becomes mandatory and you know I really don't want to sound weird about this honestly but this is what popped into my head when I was working on this so I'm gonna have to tell you my thoughts on it and that is how we originally voluntarily chipped our dogs and our cats and most of that happened in the 90s from what I could tell and it was voluntary now it's mandatory in most places around the world but living with those animals and you know and for a lot of people dogs and cats I mean they're our babies and so now we have this close relationship with these animals that we voluntarily or like I have a tendency to adopt my animals so it's not even like I would even have a choice on whether or not their chip they come to me chipped but you know I mean we got used to that and so what's the next step is of course to chip humans and I know that they tested it in tube back in 2004 but now we're looking at it on a much bigger scale so from the IMF what they don't want us to have suspicions about related to D caching that the authorities are trying to control all aspects of people's lives and their preference is for it to be an individual choice to voluntarily give up this don't volunteer it use more cash I am I am I heard myself talking I realized that I was using my debit card more than cash and I stopped that we have to band together we have to use more cash the cash will not protect your purchasing power for that you need the gold and the silver but it will at least make it more challenging for them if there's more cash in use it's harder to take out of the system and as you read that they would like the tempting attempts to impose adi cashing by degree should be avoided they've tested that they've seen the pushback they want us to volunteer don't volunteer so you need a certain level of cash and you need to be using more cash in your daily lives I just want you to realize that this is a piece of paper it's a debt instrument and it is not about protecting your purchasing power it can be destroyed easily it can burn up it can blow away but this can't this is real money your gold your silver I can't tear it I can't bend it it would break my teeth okay real tangible money outside of the system truly decentralized truly decentralized so that's it for today like us on facebook follow us on Twitter and really I'm tweeting everyday so and I'm tweeting out different articles so please do and subscribe to us on YouTube if you like this give us a thumbs up please make sure to share this everybody needs to know this information follow those links that we've put in there do your own due diligence I think in these in these biz reports and these IMF reports there are a lot more candid they're a lot more honest about their intentions because they know not many people go and read them read them they're a reasonably easy read and if you have questions give us a call eight eight eight six nine six four six five three and honestly we're all here we all pay attention we all read this stuff so I'm sure that anybody you get will easily be able to answer your questions and if they can't we work as a team so I'm here and I'm available so you take care out there and we'll see you next time bye bye be safe you

25 thoughts on “The Drive to Cryptocurrencies, Who is Really Driving This Bus, by Lynette Zang”

  1. There's no denying this lady knows her stuff. She's one smart woman, But I think it's important for her to distinguish the difference between the two types of cryptocurrencies or blockchains.

    On one side you'll have your permission blockchains and cryptocurrencies. These will be the digital currencies that central banks and Central organizations control and issue. On the other side you have your decentralized, borderless, censorship resistant and open source blockchains and cryptocurrencies which is influenced by the developing community of that blockchain / cryptocurrency.

  2. So if bitcoin is a conspiracy, then it is really worth more than what it is. Replace all M2 money with bitcoin then it’s worth $4million per coin + scarcity would increase each year as world population increases.

    I’m not selling out, I’m buying in!

  3. Wow. No mention of A .I.? No mention of "Etheric, Karma based profit system founded on self -sustainability"? Still the fearful leaders reach for the grave. They have yet to accept Christ. Goofballs.

  4. I knew it, I knew it, I knew it. The bankers are taking us to a digital space. And that space will be controlled.

  5. If the NSA “created” Bitcoin , which is a USA entity, why would it allow China to control 80% BTC and Ethereum miners?

  6. Great video! This video should be shared everywhere! I don't think many know that crypto currency and the idea has been around for decades! David Chaum had created a crypto currency in the 1990's.

  7. Hi Lynette. Congrats for your valuable work! Could you please research about BullionVault and share your findings? Thank you very much.

  8. Bless You for All Your Hard Work / Truth Seeking / Fact Finding and passing on The Truth and Wisdom to All of Us. We are our Brother's / Sister's Keeper.

  9. How to survive the worldwide crisis of Peak Oil;

    "What can I do"?

    According to the experts you should:
    1. Garden with sustainable agriculture techniques (less pesticides and fertilizer (organic or better yet permaculture)).
    2. Buy food and manufactured goods made locally
    3. Pay down debt
    4. Learn skills they will be useful in the future and make friends that have useful skills you don't have (related to providing food, water, shelter, and medical care. A necessary skill is organic/permaculture gardening/farming). Very important: medical skills are the best way to ensure your survival. All others will gladly sacrifice their life to protect your life, so you are around to use your medical knowledge to keep their families alive.
    5. I recommend to invest some money into technologies to increase the "carrying capacity" of the planet (high risk investments);
    A. decrease environmental impact per capital
    B. alternatives for our food system input to improve production
    C. alternatives to our current living arrangements,
    D. alternatives to our plastics industry,
    E. alternatives to disaster capitalism
    F. "Savior technologies", ie faster-than-light travel, "game changer" technologies, ie Cold fusion energy & "delaying technologies", ie deep drilling technologies.
    6. I also recommend you inform and prepare your family, friends, and others. It is best to initially suggest people have an emergency kit… for any emergency such as flood, earthquake, tornado, hurricane, loss of electricity due to a winter storm. Then, if the friend or relative puts together a disaster kit, what I do is introduce Peak Oil (by telling them of the 43 second movie trailer , the "National Geographic Collapse" movie on YouTube, & free book downloads;
    7. For the truly motivated, a community based organization to mitigate Climate Change and Peak Oil is:
    (For non USA;

    Google "2052 free book summary download", &

    The free book "Plan C" workbook download;

    See the Facebook page: "National Geographic Collapse movie"

  10. what do you think about the new sovereign National Bank program meeting in Switzerland in February? supposedly nationally controlled real backed currencies. is this just another two step back only two reinstitute the debt system all over again a few years from now?

  11. yes the financial system did die in 2008 however it was on its death throes ever since 1989 when Reagan implemented the plunge protection teams program.

  12. imagine there is no physical money.
    The system (ZOG) can make sure you will perish.
    You won't get anything of you are a dissident. You will die and you will be a poor man all your life.

  13. Using cryptocurrencies is not a user friendly user system. The way it is the majority of people can't uses this system.

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