The 1940s vs 2020s: Debt Levels, Monetary Policy, and Cryptos as Global Currencies | Lyn Alden

Inflation is proving stickier than anyone would have hoped. Lyn Alden, the author of Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better and my guest today, offers a cogent explanation of why, likening it to the fiscal-driven inflation of the 1940s.

Lyn explains how the pandemic-era fiscal stimulus continues to affect our economy, along with increasing geopolitical instability and the runaway federal deficit. We also discuss bitcoin’s special role in emerging markets, vulnerabilities in our banking system, and the problem with India’s central bank digital currency.

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Time stamps:
00:00 – Introduction
07:35 – How the deficit is accelerating
15:05 – The evolution of every fiat currency
22:31 – Digital bank runs
32:33 – Taxation of crypto and capital controls
36:26 – India’s central bank digital currency
41:21 – How traceable is bitcoin?
45:31 – How we’ll reset government debt
50:13 – Where to invest now

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Go here to learn about the Strategic Investment Conference -

[ralfhildenbrand]

Lyn is truly brilliant. I would wish our governments would listen to such brilliant minds.

[mikesimpson]

I’m 61yrs, and have been in the markets in banking for several years and have been very sceptical of bitcoin from inception. Lyn has opened my eyes with this interview and am looking forward to reading the book. Thank you.

[NatiaMaisuradze-eyiq]

Seeing patterns recur in financial markets over time is quite fascinating. Artur Grandi's book offers a systematic approach to keeping investments stable and explores opportunities, including cryptocurrencies.

[allenr]

Very educational. I hope we see more of Lyn Alden on Mauldin Economics.

[rajachan]

Terrific episode. People like Lyn should be featured more. Thanks 🙏

[jonathantan]

Amazing as usual from my all time favourite Ms Lynn. Bravo!

[jonbarker]

I came here from Twitter. Great interview !

[TheGoldeagle]

...at 50:33 he mentioned agricultural commodities and U.S. based oil...are there any companies in the stock market that are strictly U.S. oil companies?...

[sh]

I learnt some thing about India, India has already has 10, 000 metric tons of silver in Febuary it brought 8% of silver that's in the world. If it does that every month for 2024 that is 8x12=96% of world silver above ground for one Country. So that's common knowledge doing research so the silver price could jump up to $100 then $300-$800 then in 10 years it could go up to $60, 000 a ounce & beyond. Who knows? But remember to buy seeds to grow food in your garden or land you have if the whole banking system collapses.

[last-life]

Level 1. Lyn. Level 2. Saifdean. Final boss. Michael Saylor

[FloydThePink]

In a grid down scenario, how do you spend bitcoin or trade it for cash? What if that pile of dollars you get for a bitcoin is hyperinflated to zero value? So far I do not have an answer for this, so staying with silver (until GSR goes below 30ish).

[thesilentgeneration]

I wish I understood completely what she talks about, but some of it makes sense to me. So, it's all about leverage or debt that we have gotten ourselves into and now have great difficulty getting out. Or no way to get out!

[thesilentgeneration]

Does anyone have any idea how all of this will affect the Philippine economy, as its fiat money is linked to the dollar. I just don't know how much control the government has over its money.

[meagain]

Maitreya says the world will eventually adopt a one world currency which gets its value from all commodities. This would eliminate individual countries having their own currency which can be inflated at will and that makes the currency worth less and less.

[psikeyhackr]

Adam Smith used the word 'education' Eighty Times in Wealth of Nations.
He wrote "read, write and account" multiple times.

Is there any western nation that could not have made accounting/finance mandatory in high schools since Sputnik? No way! Those kids gotta read *The Catcher in the Rye* .

[piotrmarianna]

Well organized interview, but since the topics are quite fact-based, it would have been great addition - if the supporting charts and ideas were presented in graphical form. Yes, it takes extra effort to prepare, but it would have enhanced this interview by 50%, imo. Just verbal descriptions don't do that.

[Heimir_the_Fool]

Argentina? George Gammon and his crew are there right now and they couldn't find anyone in Argentina to accept Bitcoin! It looks like Stable coins are what Argentinians want. The practical use of bitcoin has a way to go. Please watch all of his videos regarding his "freedom" tour of Chile and Argentina and judge for yourself.

[julietrapp]

Lyn is a brainiac. It's a privilege to listen to what she thinks.

[jgalt]

`So you really don't understand that "fiat" thing, huh?