Lynette Zang: ‘The CRIMINAL BANKS Know Something Is VERY WRONG’
Lynette Zang from ITM Trading recently joined the SGT Report to discuss the economy, precious metals, and the disastrous storm that’s brewing. According to Zang, the criminal banks have stopped lending to each other because they know something is very wrong with the economy.
The interview jumps straight to the point. The big banks are not lending to each other. What is Zang’s take on the drop in interbank lending?
“During the 2008 crisis, it absolutely plummeted but they’ve been trying to keep it a little supported at the levels back in the 80’s and…it’s plunged below where it was when they came out in ’73; and what I find interesting…is that banks don’t trust each other. They know they’re insolvent. They’re not gonna get the money back.”
Zang is then asked about Deutsche Bank. Since it’s leveraged “to the gills” is it the first bank to go?
“I don’t know whether Deutsche Bank will be the first to go, but their leverage ratio remains at 3.8%, which means if the value of their assets falls 3.9%, they are insolvent. But that can really start anywhere. It doesn’t have to start at Deutsche Bank, but Deutsche touches every single financial product in every bank. I wouldn’t say this is ‘the canary in the coal mine,’ because I’ve really been talking about pattern shifts that I’ve been witnessing since October. The pattern shifts really started in 2017. People think nothing happens until it becomes visible, but you have to look a little below…to see what you’re not seeing…the banks know that they’re not loaning to each other. And the central banks know that they’re attempting to support the mortgage markets and keep everything floating.
We’re inside of a great experiment…this is an accident that’s in the process of unfolding.“
And then the big question comes up. What do rising interest rates mean for a country that is $20 trillion in debt?
“Now, you’ve gotta understand, we’ve once you run really perpetual deficits, which we’ve been doing for a long time, what you’re doing, is you’re not touching any principle but you’re also likely not paying of all of the interest. With interest rising, all of that debt went real short term…you wanna know what it looks like? Look at Greece. Because if most of your income or all of your income goes to paying interest then you have no money for services. You have no money for teachers, you have no money for police, you have no money for retirement plans..what they’ve been doing since 2008, is transferring risk…so it didn’t look like we were in crisis mode.
Pension plans were severely underfunded in the most expensive stock market in history.”
When the crash comes, it’s going to wipe the whole thing out, says STG Report. “They are crime cartels fleecing the people.” What can president Donald Trump do to stop the banks from crashing the market?
“I don’t think there’s anything that anybody can do. They’re a lot more powerful…once we started to transition into thisdebt-based system, the transition is complete. That’s why everything is so precarious…a reset is inevitable. It has to happen.”
The good news is that if we stand together, those in power, the global elitists won’t be able to get away with a world currency that they are desperately trying to force on us. Zang also suggests accumulating some gold and silver as a way to protect yourself financially during the upcoming crash.