KITCO NEWS: Lynette Zang says Banking crisis ‘by design’ will lead to crisis, CBDCs, and ‘full surveillance economy’

Posted By: NaturalWisdom
Date: Thursday, 13-Apr-2023 20:15:57
http://www.rumormill.news/220782

https://www.brighteon.com/c57717bb-9bf5-4171-bd8e-981850612da7

The ongoing banking crisis in the United States, which saw the failure of three banks – Signature, Silicon Valley Bank, and Silvergate – was likely “by design,” and intended as a way to bring about Central Bank Digital Currencies (CBDCs) and a “full surveillance economy.” That’s according to Lynette Zang, Chief Market Analyst at ITM Trading.

“They [the elite] need a big enough crisis, so that people will agree to this next iteration, the CBDCs,” she told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. “It also takes the world into a full surveillance economy that can be controlled directly by the central bank, if all of your wealth is held inside of the system.”

Central Bank Digital Currencies (CBDCs) are fiat tokens issued and controlled by central banks, and which operate as an official medium of exchange, like cash. Although CBDCs are intended to improve transaction speed and security, critics have warned that they can be used to track, trace, and sanction people, hindering privacy and civil liberties.

Zang, who has five decades of experience in finance, including as an investment banker at Larson Lehman 

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=220782