30:21 "Do you have any other advice or any input you'd like to share?"

Lynette "One of the things that I'd really like to bring up (because people don't realize this) over time starting in the early 1970s when we went of the gold standard we began to financialize the system. In other words Wall Street is far more important than Main St and that shouldn't shock people anymore.

A huge issue coming up that I hear virtually nobody talking about is that in 2020 all food, water, energy, real estate has actually been turned into a trading product for Wall St. So we are so far away from a true supply & demand market its ridiculous. People don't realize and they'll look at the tickers saying 'this is how much gold is worth. This is how much water is worth..' But remember when we went to -$35 per barrel of oil? Was that really because of supply and demand or was that trading?

The banks whether they're commercial or investment banks are all about trading for a profit. They don't care about true supply and demand and they definitely don't care about us. They're just about a little pickup in money so it makes it critically important that you are secure in that whole mantra-sphere. Put medicine at the level of food and be secure in that and have enough to share.

If you look at what happened in March/April/May of 2020 when the grocery store went bare, how did you feel? How did that impact you? Where were the holes in what you do?"

33:11 Lynette "Again what if I'm right and what if I'm wrong? If I'm right, then goodness I've done all this preparation because I've prepared for 40 people at my bug out location.

Let's say I'm wrong. Well if I'm wrong, I have lots of wonderful food and all the wonderful amenities I've created in dead central Phoenix, AZ and I also have a great vacation house that was my bug out location for family and friends. I can easily sit out and generate income if I wanted to.

It doesn't matter if I'm right or wrong so why not do those things because these are the things we all need to sustain a reasonable standard of living. We ant to take advantage of it. Most people don't understand the true value or the fundamental value of an asset or an instrument because that is the only the individual can know if something is overvalued or undervalued. Do I want to buy it, hold it, or liquidate it?

I can show you lots and lots of examples that a rising gold price is an indication of a failing currency. With Wall St's help, Central Banks can easily suppress the price of gold and silver so that we don't understand that the currency in the system is failing. This is a Con Game so when the public loses confidence and every other layer of confidence above us is gone, bank to bank, Central Bank to Central Bank... Last August it was Wall St to Central Banks.

The only level of confidence that yet remains is the public confidence. When that is lost, that's when we will enter the really rapid rate of hyperinflation. That's also when you'll see the overnight revaluations of gold because gold is the primary currency metal and it will express or begin to express toward its true fundamental value.

35:45 Lynette: "So just recently as an example, we saw Lebanon did an overnight revaluation recently and so their spot for gold went up more than 1300% just overnight."

Gold Price in Lebanon, click on 1 Year tab

https://goldprice.org/gold-price-lebanon.html

Savers burn down financial institutions and politicians' homes across Lebanon to reclaim their money which has been frozen by banks.

https://nitter.nl/Xx17965797N/status/1627321774697242624

"Has it fully expressed to its true fundamental value in terms of how much they had printed prior? No not yet. But that's the first step and they usually do that on average 3 times though Venezuela is on #4 back in Oct-2022.

2022 OCT 02 Revaluation of Global Currencies Gets Underway.. - First notes to Be shown to public: Venezuela introduces new currency, drops 6 zeros

https://4cminewswire.substack.com/p/2022-oct-02-revaluation-of-global

(Oct-2021) BLOOMBERG - Venezuelans Break Off Flakes of Gold to Pay for Meals, Haircuts

https://archive.ph/cOwBk

"Take heed because what we're seeing is this is happening a lot in the emerging markets where those revaluations and the hyperinflation and the breakdown is occurring but coming to a theater near you. Use that as the canary in coal mine and get ready now. We have a lot of stuff coming up this year in 2023 and we don't even have time to go into it.

My bet is we're going to experience a big huge black swan crisis (I'll put my neck on the line and understand I could be wrong) before June 30, 2023 because of the LIBOR SOFR switch which is supposed to be completed by then."

JP MORGAN - Goodbye LIBOR, hello SOFR - The transition from LIBOR has led to major changes in the pricing of global financial products. Here’s what businesses need to know. https://www.jpmorgan.com/commercial-banking/insights/the-global-move-away-from-LIBOR

Federal Reserve Board adopts final rule that implements Adjustable Interest Rate (LIBOR) Act by identifying benchmark rates based on SOFR (Secured Overnight Financing Rate) that will replace LIBOR in certain financial contracts after June 30, 2023

https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221216a.htm

https://archive.ph/UwwCD

USD LIBOR transition to SOFR: Making it happen https://www.pwc.com/us/en/industries/financial-services/regulatory-services/libor-reference-rate-reform/sofr-transition.html

FORBES - What Is SOFR? How Does It Work? - Forbes Advisor https://archive.ph/cMSXW

(Feb-15-2023) REDDIT SUPERSTONKS - Libor to SOFR transition - Good Ol Boys club having issues? https://archive.ph/hoJSH

37:22 U.E. "Let's talk about that real briefly. Well end it on there."

37:42 Lynette "Nobody's really talking about it. This historically has never ever ever ever been attempted. These guys are sO sO sMaRt that surely they can pull this off right? What happened is LIBOR which is a London Interbank Offer Rate is an interest rate benchmark that was created in the 1980s and imbedded in every single contract that there is. Whether it's your mortgage, credit card, car loan, student loan, derivatives (which are big leverage bets), this interest rate has been embedded but it was discovered during the 2008 Great Financial Crisis which is really when the system died, that this was just a stated rate. So you had a handful of bank that get together every morning and go 'Gee, if I were to loan you money overnight, this is how much I'd charge you. If I was gonna borrow money overnight, this is how much I'd be willing to pay.'

sHoCkinGLy, it was discovered that traders were manipulating that rate 😱 What a shock!

Wikipedia - LIBOR Scandal https://archive.ph/3rjIp

So then the Bank of England came out and said 'we are going to end that rate, we have to come up with a new benchmark.' And there were a handful of countries that did that. In the US that new benchmark is called SOFR. So by the last count I saw, you gave an additional $610 Trillion in notional value contracts that still had to convert to the new benchmark. They had to force compliance as of January 1, 2022 no new contracts could have LIBOR embedded in them.

They had to force compliance because for Wall St the new benchmark doesn't work the same as the old benchmark so they did their little accounting gimmicks on it and they still cannot get the new benchmark to be the same as the old benchmark.

Why does this matter? Because contracts valuation in corporations and banks are valued based upon that interest rate benchmark. So it may not matter for one contract but if you're looking at $600 trillion of contracts, that's a tectonic valuation shift in the global banking system. That's HUGE!"

(Nov-28-2021) REDDIT SUPERSTONKS - LIBOR, SOFR, ONRRP, AND WHY IT MAY BE A BIGGER CRISIS THAN WE THINK. https://archive.ph/ORvlv

"Can they pull it off? Could I be completely wrong to be so concerned about it? Maybe, who knows.

They ran a test in Oct-2020 on $80 trillion of contracts and it was a total disaster. This complete $600 Trillion from LIBOR to SOFR was supposed to happen in 2021. I knew the $80 Trillion test was a big fat fail because after they ran the test they went dead silent and then 3 weeks later they postponed it until June 30, 2023. Idk maybe they can pull this off but I don't think they can.

(Jan-11-2021) BLOOMBERG - Libor Proving Hard to Kill in $200 Trillion Derivatives Market https://archive.ph/YOjN4

Are we moving to WW3? Sides are being divied up right now. So I think there'll before that to mask the fact that they can't make this transition."

U.E. : "Wow, this is gonna be a big one. I'm trying to wrap my head around what this transition can look like on June 30, 2023. Basically all these contracts need to be valuated at this new/other interest rate. It's a different one so if they're not the same, there's gonna be issues no matter what.

Lynette: " Right! And they've been transitioning contracts over to it, but in some cases you have to get everybody to agree. The area that is.most problematic for them isn't the mortgages because the languages for them to do whatever they want is in there and they put in place stop gap measures so that if you or I open our mortgage statement/student loan/etc and all of a sudden we owe a lot more money than we thought we did, then you can't sue anybody. You're just screwed.

In 2008, the freezing of the CDO market (Collateralized Debt Obligation) collapsed the system. What rose up from that are CLO (Collateralized Loan Obligations) and they're not liking this because they're getting less money from the change and so they're actually fighting it and that's a huge market.

WIKIPEDIA - Collateralized Debt Obligation https://archive.ph/Gmn7r

WIKIPEDIA - Collateralized Loan Obligation https://archive.ph/z6p3h

We're gonna see what happens. I could kill my career talking about it but NOBODY is talking about it so why not? Why aren't they talking about it?."

43:25 U.E. "So we're talking about the CLOs are having a hard time dealing with this transferring over by the June deadline? Oh shoot!"

Pretty much ends here