and we are back with another lo my very favorite day because I get a chance to talk to you guys and interact with you and of course I'm pretty sure that all of you knew what happened with the outage with the tech outage that that started last week it ain't over yet for sure but the question is we keep getting all of these warnings about what can happen if we hold all of our intangible wealth inside of the system and let me tell you you are not getting out so make sure you share this video and let's just Dive Right In because my biggest question for everybody out there is will you heed this warning how many times do you need These Warnings before you actually do something about it it is absolutely time to have your own strategy in place because this meltdown really impacted the world and guess what it's not over yet Global it outage highlight ites world's Reliance on small number of tech companies but it's not just a small number of tech companies what we've been watching over this period of time are larger corporations larger Banks gobbling up smaller ones so that you have fewer and fewer you have concentration of power and control in just a few places and I know that everybody's so excited about the technology but the reality is is if you that would work and we'll do that during the Q&A we'll give that a shot but she was at the airport when everything was going down fortunately for her she was with Southwest but what happened okay well crowd strike crash forces manual reboot of all in affected computers but what it did was crowd strike and Microsoft were married so that the system was going is spreading through corporations and then to the public and it's really simple because that blue screen of death we it's comes out of nowhere did you know this was going to happen did the blue screen of death happen to you and by the way go ahead and put your experiences if you had any experiences with this in the comments and we'll talk about them later because the reality is is when it happens boom you are not going to know or have any any warning before that happens when do you want to be prepared when do you want to make your choices because once that bubble bursts there are no more choices all of your choices are lost and it is so critically important and I hope what you guys have seen from this you need to have food water energy security barter ability wealth preservation community and shelter you need a lot of this wealth outside of the system because when the system goes down you lose all access so the true diversifier is right here so you have intangible assets if that's where your level of comfort is Rock and Roll Hoochie Coo I can't tell you what to do I can tell you what I'm doing for myself and as an ex banker and as an Ex stock broker I don't own own any of that garbage I do have some cash because that's still our tool of barter at this point but this is where I put my money sound money money that they cannot inflate away that avoids geopolitical risk so let's just move on with what's going on because this could very well be the start of the next financial crisis and remember we have we have a lot of stuff that's going on in the fintech intangible banking area that we don't even know there's still so many things that the endgame is not here yet yes I think this could be a precursor Banks Airlines television networks and Health Systems around the world that rely on Microsoft 365 apps were hit by widespread outages well um yeah and if that happened to you how does that impact you in its last earnings report crowd strike declared a total of nearly 24,000 customers and that's an indication not just of the size of the issue but also the difficulties that could involved in fixing it each of these customers is a huge organization in itself so the number of individuals computers affected is hard to estimate but they did kind of do that what is that number well Microsoft says currently estimate crowd strikes updates affected 8.5 million Windows devices and they all have to be rebooted manually how long is this going to take I have no idea but it isn't just those 24,000 customers which are huge organizations it's all of the public and the individual that they serve and I mean who are you going to complain to I mean seriously I want you to take this as serious as a heart attack and make different choices that support your best interest I can't say it often enough it is so critical that's why local community is so important because local community can ensure that you have Security in all of those areas but that's also why the global Community is so critically important because we need to be creating this very peaceful and quiet Revolution simply by taking their intangible garbage and converting it into sound money and what's sound money it's money they cannot inflate away it's money that runs no counterparty risk that's sound money that should be the foundation of everyone's portfolio because what we heard over and over again were all of the airlines Airline Fallout mounts as carriers work through it meltdown my sister Siri was fortunate because she happened to be on Southwest whose systems are really Antiquated so it took her an extra five hours to get home but at least she was able to do so flight disruptions seen extending through the weekend mm but airports in Berlin Amsterdam among the worst hit but all over the world this is a global issue and not just for the it but as they keep talking about deglobalization and Supply chains in the meantime the financial system is becoming more and more and more integrated ultimately what they want is one currency but they'll let it translate into local currencies so you don't realize that the control is just coming in one place however some of the world's biggest Airlines this is just an example example of how many were cancelled how many flights were cancelled and how many flights were delayed and and this again is not over yet but as of the 19th nearly 4,300 flights 4,300 flights were cancelled worldwide due to that outage hospitals around the world were hobbled by Massive Tech outages if you don't need a hospital well then maybe it didn't impact you but procedures cancelled as digital crisis rips across globe globe doctors fear situation might be unsafe for some patients and some Blood Centers raise for Solutions as outage complicates shipments so you have to think this is how it's impacting the individual they couldn't get on a plane and they couldn't get the medical care in many cases that they needed so if that were you if you were having a Health crisis inside of of this what are you going to do I'm going to tell you what you're not going to do you're not going to pay with your credit card or things like that but there's part of the strategy that addresses if nobody will take this stuff how you're going to make sure that you can get any of the care that you need this is really an important part that's why putting your goals first in your circumstances you know you can figure out a strategy a sound money strategy and also so make sure that you've got all of those different things uh the food water energy security barter ability wealth preservation community and shelter okay even the White House right multiple Federal systems were also impacted including Social Security and even here in Maricopa County which is where I live in Arizona early voting primaries were impacted when everything is inside the cloud and the cloud shuts down you lose all choice and it impacts every single area except for the physical markets except for the garden outside your door right these are the things that we have to be thinking about because you know there is nothing you can do when the system shuts down I don't care who you're going to complain to there's nobody you can complain to when it's a systemwide shutdown and and that you know you guys I say it all the time if you don't hold it you don't own it it is merely your perception of ownership which does not stand up in a court of law the Microsoft outage also impacted banks around the world banks in Australia South Africa New Zealand and Britain experienced interruptions in services that means people couldn't get their money out the ATMs did not work thousands of JP Morgan Chase ATMs were down right and what are the other banks that were impacted by it well you know rvest Bank Bank of America Capital One Charles shr Chase TD Bank US bank Wells Fargo and lots and lots more does that matter to you well in Australia New Zealand scores of people posted on social media that they were locked out of their online bank account if any of you guys have had this experience or any of the experiences with the stuff that we were talking about please share it with us please it's really important because I don't know how many more warnings we're going to get we've had some huge warnings in 2020 right just as as populism was rising to a crescendo and the banking system was imploding thanks to you might recall what happened 2019 with the repo markets and the money markets boom froze inside of the system and then magically all of that kind of seemed to go away no it didn't go away we've talked about the lack of liquidity in the treasury bond market in all of these markets well you want to talk about lack of liquidity if you've got your money in the bank and you can't get it out you've lost your liquidity all of those I don't know how many a million to 10 million cons consumers in the fintech space which is just online in those Banks they've lost liquidity they have no access to their accounts so my big question again is will you heed this warning and by the way I know that a lot of you have been been crying the alarm to your friends and your family who just kind of go la la la la la I don't want to hear it maybe they're going to be a little more open to it now especially if they've been impacted by it because you know look at these stock markets Roar the most expensive stock markets ever in history and of course if the FED pivots and drops interest rates wow that just gives more fuel to that stock market fire yeah does it really because all it'll do is make an already overly expensive Market even more expensive and what happened to Traders on wall stre Street trading disrupted Bankers go home after outages sweep the globe really say it with me you guys if you don't hold it you don't own it that's the Mantra because that's the truth if they shut down the internet if they shut down trading you are not getting out and it doesn't matter what you say what you do you are not getting out why not get out at a high or somewhere near a high well oh wait it's just a handful yeah just like it's a handful of tech companies it's just a handful of of banks that are controlling all of these markets and gobbling up the smaller ones it's that concentration of wealth it's that concentration of control that I've been talking to you about and showing you we are in deep dooo let this be a warning because even local businesses here's just a few around the world local businesses affected in Australian Capital H it issue closed temporarily we'll open as soon as possible okay I love this one really uh among the stores unable to process card payments right your credit cards aren't going to work your debit cards aren't going to work uh it's linked to the global it outage people have been checking at nearby santand Deere bank for cash oh my gosh they're trying to get rid of this stuff which even though we know that it's garbage and it does not protect you from inflation at least it at least at this moment it preserves your principle right and all of a sudden when you go cashless like I wonder what happened in Sweden cuz Sweden I'm going to write that down I'm going to look and see how that impacted Sweden because Sweden is essentially cashless and so if the credit cards and the debit cards of the cards don't work they're saying cash only that's why part of the sound money strategy is to have a certain level of this stuff not all but that is your very first line of defense so you want to make sure that you've got and there it's all in formulas and it's based upon your goals and your circumstances so you know call us get that set up get your strategy in place because you need to have some cash out of the system before they put the chips in it the cash in the wild so that they can't charge on the cash negative interest rates which is definitely a discussion that they've had and keep in mind and we've talked about this so many times during a crisis things get very local for a while so you want to establish your local community go to a community garden go to go to a a a market and get to know your local Growers right how about doing a volunteer and volunteering and giving them a day worth of Labor I guarantee you every single every single Farm everyone I know of including mine could use a few more hands to get this work done but you establish that relationship so that when you need it here's a stranger here's somebody that's C come and work on worked on the farm guess who's going to get what they need that's the importance of community we do not have the luxury of time that we once had I've been working on this since I bought this property well 2008 100% I knew the system died and then um I bought this property took me a while to find it in 20 2010 and I've been working on it ever since then we don't have that same luxury of time so get it done now because you also want to look at what the the central banks have been talking about in terms of their gold and here what portion of total reserves foreign exchange of gold do you think will be denominated in Gold five years from now and this is between 22 and 24 and so the navy blue is 22 the green is 23 and the lavender the purplish the lavender is 24 and you can see that the central banks anticipate continuing to build on their gold reserves why because it ensures their freedom and it is true money sound money that is outside of the system so if this kind of outage happens again it is not so much of a problem problem you will be able to transact locally when you do that it is the only this is aord to the bank for international settlements which is the central bank or Central Bank not my opinion their opinion the only the only financial asset that runs no counterparty risk you hold it you own it outright and it's invisible and it's decentralized and it's completely out of the system I didn't put this in there but I certainly have many times the bank for international settlements money flow has the largest area for commodity money meaning physical gold and silver that is outside their per purview this is a battle and it's a monetary battle because this is absolutely 100% no doubt in my mind the end of this currency is life cycle period end of discussion what do you want when you're going into that kind of fight do you want a little pen hey you can sign your name or you don't even need pens to sign right or do you want a bazooka this my friends is a bazooka this is what we all need to be holding that and silver in the right kinds in the right amounts based upon you that's what we do for you Zang Enterprises we all work for you and every single person there is quite clear on that today I have Marie because poor Adam is still out sick and and we have Arthur he is our newest hire so we're really excited to have him on the team but are you quite are you guys quite clear that who they work for are the viewers yes very much absolutely we all do we all do and so now I will take questions let's see okay consider the aunt asks thank you how much should we leave in the bank after monthly expenses as much as you are comfortable with getting locked out of now remember gold physical gold in your possession and of course we are talking about a certain level of cash and that level of cash is really based upon those kinds of needs that you have and whether or not you're working so your age is going to go into that and who you're trying to support like for me personally you know I have done everything for the first line of defense as well as my barable position with my two daughters in mind but not everybody does that and that's why you have to take into consideration what works for you and why there's not just like a one siiz fits all and it and it's a little challenging to say what you need because like I'm running a business and so yes I have it above the bills but there's a certain level a certain percentage beyond that my preference is to have it outside of the system and quite honestly this is what I hold my emergency Savings in emergency savings so first line of defense second line of defense third line of Defense then opportunity yes because opportunities will come for sure so um you've gotta you know I think you should call us and have that conversation so that you can get good advice and then make the choice that puts your best interest first that you are comfortable with and Mr Wright asks do you need to vet your doctor or grocery store to see if they take silver um Well you certainly could but I think at this point most people are not aware of it it does change in a crisis and so that's why you need layers right um because you want to make sure that whatever you need for barter ability you have that's why you got a certain level of cash and yes they will take silver because if you look at what's happened in say Venezuela you look at what happened during the uh during the sovereign debt crisis in Europe in a number of places out came all the sterling silver and the silver coins and the fractional gold coins right like this is a Swiss frank no this is a French rooster oh it's a French rooster um right so a lot of these things actually came out during that period of time to protect their purchasing power because people have know about Golden silver in their DNA even though they've tried to train us away from it for so long uh but you could vet them there are I mean there are some people that I definitely do barter with using gold and silver that will become more apparent when the big crisis and all choices are lost and right now if those stores aren't able to take cash or cards or anything like that they they could so yeah I you can have that conversation and LJ Ponte asks Lynette what's the recommendation for what percentage of annual income you should be holding in cash even though it'll be a short window of time that will be able to use it again it kind of depends but I'll go General here and let's say that you're younger and you're still working so therefore you have a regular income then probably somewhere around three months is probably pretty good but let's say that you're retired and you're depending upon your Investments to generate your monthly income well then that that amount is going to be substantially higher because we want to make sure that you have the cash to meet all of those obligations that you were meeting from from your Investments so that's why I say it's hard to do a one siiz fits-all in that case you might even look out to 12 months I I wouldn't do more than 12 months and and person I've done about three months but I'm still working right so and Diane figurer I'm sorry I don't mean to butcher your name figurer OA I'm sorry I'm sorry please forgive me hi Lynette thank you for great information you mentioned term to ask about in your IRA to prevent this loss what was it um I think number one I think what you're referring to is in the 401K uh so if this isn't it let let Marie know and I'll try again but I think what you were talking about is the in service withdrawal roll over election and that would enable you to put it's it's usually up to 50% or $50,000 but that may have changed I haven't looked at that in a while you'd have to call your administrator and see what your options are but you see once it's in a traditional IRA or a Roth IRA then it's easy to take it out and yeah you might have to pay penalties and yeah you might have to pay your taxes on it but that little bit we can recoup that's also part of the strategy is whatever that taxable event is whatever those fees are you know whatever those losses could be and and it's not rocket science it's not rocket science you're just buying this so so undervalued that in terms of this Fiat in terms of this stuff it'll go up exponentially and this is far bigger than what we're seeing the moves in the markets above the 2400 I mean that's Chum change that's that's like nothing but um you will see this and be able to recoup any of those taxes any fees but again you know it's all part of the strategy and we are executing the whole strategy straty for you and guess what even if you say nah Lynette I don't really want to do that I just want to do this okay I mean we're here to serve you in any way that you are comfortable but guess what we're still going to move whatever it is that you do onto a strategy spreadsheet so that if you ever change your mind it's already set up for you it's that simple and you never have to you never have to change your mind but it it's easier to do it as you go along rather than trying to fill it in afterwards so we are here to be of service and even if we anticipate how you might need our help we're going to do that ahead of time and if you never do that's okay too we're all right with it and Danielle Casey asks how much gold and silver should a person hold well depends on what you're trying to accomplish so what you can accomplish with gold and silver is to sustain your current standard of living or at least sustain a reasonable standard of living and that's based upon your current cost of living and also we're going to take a look at any any fixed rate debt that you have we'll also discuss the variable rate debt but frankly you want to be getting rid of that but the fixed rate debt we're going to be executing the same strategy as the government is executing which is to re pay that debt with currency that has less and less and ultimately no value at all um so we're the part of the strategy to sustain your standard of living is about property taxes it's about paying off fixed rate debt it's about making sure that you have even if you don't have Gardens you want to have barable silver this is the pre-64 dimes quarters half dollar so you've got a variety of sizes in here for that barter ability and of course you guys know my tray of my tray of of sterling silver because would I give a hoot about clipping off a piece of this no I wouldn't it's good remember gold and silver in any form is monetary at its base so what you can do with the gold and silver and looking at the strategy is you want to sustain your current standard of living and that requires a certain kind of golden silver but we do also know that things are severely overvalued like oh I don't know incom producing real estate as a great example we don't know because everything is morphing and certainly we're looking at what's happening in the commercial real estate area but one area that to me looks pretty promising is Apartments because they also are severely overvalued and also extremely in in stress right now thanks to Wall Street and all the debt and The Leverage so I don't know I drive around Phoenix and I go hm I wouldn't mind owning that and I just kind of put that in my head and when the time comes I will tell you what I'm doing for myself but the rest of the gold or some of the gold anyway is about opportunity positioning because you want to hold your purchasing power intact what's going to happen is right now gold is severely undervalued real estate as example incom producing real estate is extremely overvalued that's going to flip-flop so there will come a time when we see accumulation patterns that I talk about all the time where you're going to take some of this and you're going to convert it into that stay tuned I'll let you know when I'm doing that for myself and then more than that and this may or may not be important to you you're the that has to determine this it's the third Le well gold you can actually do in all of it but for me dynastic wealth and having a legacy to leave my children my grandchildren my great-grandchildren etc etc is very important so in that case I'm going to do more rare coins with the intention of that just always gets passed down from generation to generation to generation so those are the different things that you can do with both gold and silver and how much you should have and where that you know what category that falls in is really based upon you what your goals are what your cost of living is what your debt is to service what kind of taxes and fees and then how about since wealth never disappears it merely shifts location like you know we were just talking about the outage guess what if you have no access to any of the wealth that you hold in the system right you want this protection so it'll protect you from that as well and uh Richie luxury asks who will revalue gold and to what price that's a great question and actually I have up on there the gold revaluation account because all of the central banks have a gold revaluation account so the ones that are going to be revaluing the gold will be the governments along with the central banks right now you ask me to and to what price well this is where understanding the true fundamental value of an ounce of gold how much is that really worth in terms of these things right because it's really really never gold going up gold holds its purchasing power it's maintaining actual price stability unlike the central bank's definition of price stability but it maintains your purchase so it's it's this stuff going down in terms of purchasing power value so how do you know how much that is well I'm going to do it really simply you just take all the debt that exists in the world and use that as a proxy for how much worth 41,00 even at 2400 it's a [Music] bargain even at and I'm not saying this is 5,000 because I have no idea how much in terms of of this stuff this coin is but you could go you frankly I'm not suggesting that you do this but you could spend up to $40,000 on a coin and still know it's undervalued right you got to know what the true fundamental value is for every single asset so you look at the stock market and you see it going up is that the trend the real trend is in the purchasing power right doesn't matter I've got a 10 trillion dollar Zimbabwe note I'm a trillionaire what can I buy with that nothing so so don't be blinded by the Numbers understand that this is a whole strategy Y and it's based upon all of the patterns that happen and have happened way more than 4,800 times there's lots of data to base it on I recently did a video on on gold and real estate and how real estate works during uh hyperinflation and gold right 25 ounces of gold can buy you entire city block buildings and all so it it really is a whole strategy and I can't tell you what the exact revaluation is going to be but it'll be a whole lot more than 41,000 because they're not done growing a lot more debt and CJs asks hinet if we have stock in Gold should we keep it and when the paper Market goes up cash it out then immediately pay what we can so if you're talking about like a gold miner stock or maybe you're talking about an ETF that's not gold that is an intangible asset that can be locked inside of the system would Wall Street prefer it if you did it that way of course they would because then they can use your equity for their benefit and they can also lock you out so the answer you you do whatever you're comfortable with I can't tell you what to do but I don't own any of that kind kind of stuff I have the physical gold in my possession and silver as well that's what I hold along with food water energy security community and and shelter because that's what we all need and voni asks what are some of the charts we should be studying well my personal favorite chart is the purchasing power chart but you know if you go into the Fred Federal Reserve Ed education department F and look in there you can see anything that you might possibly want to see another graph another chart that's really important to me is the monetary velocity which is the number of times and how quickly Money Changes hands and it indicates how stimulative or how stimulated the economy really is and whether or not debt is doing that and that peaked in 97 and since 97 it's gone down precipitously yes there's been a few blips up here and there but definitely a very negative Trend however and I and I've said this in my videos that I'm going to be paying attention to that because I think when it starts to go up in a pervasive way not just a little minor blip but a pervasive way then I think we will be at the beginning of the hyperin inflation and guess what it's going up in a pervasive way so that would be an m2v and actually if you call us um like I I put together just a little one sheet on a number of charts in the Fred and Elsewhere for these strategy Specialists and I I don't see any reason why we couldn't share that with you so that's a that's a great question and give us a call and we'll email it to you and we might want to make sure that we warn people so they know what we're talking about warn uh giving link chart or link word doc so we'll we'll send it to you now there are certainly a lot more that I look at but that's a great start and reesi cup asks Lynette what's the best way to store your medals we have a one sheet on that too um you know and I think diversification is really important in this regard as well uh because what do you need first you need this and you need this stuff first that's what you need first so you do want all of it this is my personal opinion not everybody feels this way but um if there's a crisis how are you getting it if it's stored offshore you're not you're not having access to it so all of my metals and for obvious reasons because I'm so visible I cannot store my Metals here more than just a little bit of it so uh there is a private there are actually two private vaults here in Phoenix and um I store most of my Metals in one of them but again diversification so to have some here and some there close enough where if I needed to I could walk there but you want your cash and your barable position the closest and easiest to access your growth part of your portfolio well that can be in maybe a private Vault or there's so many hidey holes in your home you know kick plates underneath the kitchen pots or you know in the bathroom or things like that dead space so again give us a call and we will happily send you that one sheet as well on different ideas of where hold your medals because really we are here to be of service and if you come up with something we haven't share it with us right that's part of being part of the community is for all of us a share so if you like this please give us a thumbs up make sure you subscribe you know leave us a comment it really does help the algorithm and help us grow these Live Events because they are my favorite ones to do uh other than when I actually get to stand in front of you and person and have that conversation I really love that and don't we have an event coming up in is it in Mesa on August 11th or 10th August 10th do we know do we have the name of that event we'll we'll share it okay so we'll put that out there uh because if you live in the Phoenix area you might want to go I'll be a keynote there but also we'll have a booth and and and farmer Morgan is going to be there and and lots of the the strategy Specialists will be there so we'll be well represented and we can meet in person if you want to I love that and so we will be posting that um maybe even by the end of today on our socials or something you think yeah we could do that we could do that so don't forget to check out all of our videos and share share share we just recently did one on China's banking crisis but guess what they're not the only ones it's so easy to point fingers how about looking in the mirror right you'll recognize a lot of the same things are happening all over the world this is a global issue that's why we support community and sound money on a global basis so make sure again subscribe leave us a comment give us a like share share share and send your questions to questions lyette zen.com and I really appreciate all all of your support it really it warms my heart so much help us grow this community both locally and globally because I absolutely 100% I know that together we can make a positive difference for a lot of people and until next we meet please be safe out there bye-bye