ITM Trading, Released on 12/11/19
Slides and Links: www.itmtrading.com/blog/the-n…
“Imagine a not-so-distant future where you’re just driving on the highway. Your car is sending real-time data about your performance behind the wheel to your insurance company. And in return, the insurance company is sending real-time driver behavior modification punishments back – real-time rate hikes, curfews, even engine lockdowns. Or, if you behave in the way they like, you get an instant rate discount. In other words, the insurance company is shaping your behavior right then and there. Would you like that? What does is mean for our entire understanding of free will?” Shoshana Zuboff, author of “The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power.”
What Shoshana is describing is the current shift into the new financial system, which is being driven by tech companies (Google, Facebook, Amazon) and a much broader control over the consumer. What happens to privacy and freedoms? What happens to true freedom of thought and decision making? Can you see how a surveillance economy, with digital money and digital titles, would easily control you?
Can you see why now, more than ever, why physical gold and silver in your possession, is critically important? As Alan Greenspan wrote in 1966, when gold was fixed at $35 an ounce, as we transitioned from a gold standard to a debt standard “Gold and economic freedom are inseparable” This is as true today, as we transition from the debt standard into the digital standard, as it was then. Financial shields are made out of physical gold and silver. If you don’t hold it, you don’t own it.
Lynette Zang has held the position of Chief Market Analyst at ITM Tradingsince 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.