The Global Monetary Order Is Broken, Says Lyn Alden

Рет қаралды 269,526

Күн бұрын

On todays episode of Forward Guidance, Lyn Alden Founder of Lyn Alden Investment Strategy & Author of Broken Money joins the show for a discussion on the recent bond market meltdown before diving deep into why our current monetary order is broken, the pro's vs con's of hard money and how Bitcoin could be a solution to the current monetary disorder.To hear all this & more, you'll have to tune in!
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Referenced In The Show:
Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better: amzn.to/3tizFVg
Money and the Mechanism of Exchange: bit.ly/3rJDpi0
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Follow Lyn Alden on Twitter / lynaldencontact
Follow Jack Farley on Twitter / jackfarley96
Follow Forward Guidance on Twitter / forwardguidance
Follow Blockworks on Twitter / blockworks_
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Timecodes:
00:00 Introduction
00:32 The Bond Market Meltdown
11:18 Buying Bonds Here Is Not A Great Trade
14:30 Are We Heading For A U.S Recession?
17:12 Commercial Real Estate Is Under Pressure, Energy Remains Strong
21:51 Risk vs Reward In Equities
24:38 Broken Money: What Is Money?
31:45 Why Is Money Broken?
36:43 The "Golden Age" Of Money
43:00 Does "Sound Money" Lead To Prosperity?
46:49 The 21st Century Has Marked The Golden Age Of Energy
51:23 The Lack Of Transparency In Fiat Money
54:54 Hard Money Puts A Check On Government Spending
01:02:22 Countries Will Demand A Harder Currency Over Time: U.S Dollars, Gold & Bitcoin
01:06:32 Re-Thinking The Current Monetary System
01:16:26 Bitcoin Is In The Early Phase Of Adoption
01:21:53 Bitcoin & The Layers Of Money
01:35:34 The Bridge From Fiat To Bitcoin
01:41:02 Stablecoins
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Пікірлер: 542

@LouisianaHuff 8 ай бұрын

This year has proven challenging, marked by losses from failed banks, real estate downturns, a struggling economy, and setbacks in stocks and dividends. It seems like everything has been going wrong, making it a particularly tough period.

@MarkMacleod980 8 ай бұрын

In my financial life journey, John Desmond Heppolette has played a crucial role, offering invaluable knowledge, practical advice, and motivational content. The empowering community he fosters has not only boosted my confidence and work engagement but also inspired me to pursue excellence. Considering it as a secret weapon for significant financial growth, his online presence is essential for anyone seeking to enhance their financial situation.

@PatrickLloyd-vj4tj 8 ай бұрын

With markets tumbling, inflation soaring, the Fed imposing large interest rate hike, while treasury yields are rising rapidly, which means more red ink for portfolios this last quarter. How can i gain from the current market, I'm still at a crossroads deciding if to liquidate my stock portfolio or not

@JorgeVazquezT. 8 ай бұрын

The market has gone berserk! irrespective of experience level, everyone needs a sort of coach at some point to thrive forward.

@JoshThompson671 8 ай бұрын

very true, I started investing before the pandemic and since then I have made profit of over half a million dollars with no prior investing experience, basically all I was doing was seeking guidance from a financial advisor. You can be passively involved with the aid of a professional.

@JoshThompson671 8 ай бұрын

MARGARET KATE MARTINEZ is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over 2 decades in service, so it shouldn't be a hassle to find basic info

@buy.to.let.britain 4 ай бұрын

why not lose money on worthless cryptos ?

@GillerHeston 9 ай бұрын

It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone should be soon when the government issue a new batch of Bonds. I have a stagnant portfolio that needs growth. What is the best way to take advantage of this downturn?

@rogerwheelers4322 9 ай бұрын

Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

@joshbarney114 9 ай бұрын

In the world of finance, recessions are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 870k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.

@FabioOdelega876 9 ай бұрын

This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.

@joshbarney114 9 ай бұрын

My Financial adviser is ‘’Colleen Janie Towe’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@FabioOdelega876 9 ай бұрын

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Colleen up and send her a message. You've truly motivated me. God's blessings on you.

@nicolasbenson009 8 ай бұрын

If we are to survive in this economic crisis we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. I'm still at a crossroads deciding if to liquidate my $300k stock portfolio

@EddyAgnes-vy4kp 5 ай бұрын

Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.

@KarenLavia 5 ай бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@SandraDave. 5 ай бұрын

That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is this consultant?

@KarenLavia 5 ай бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Margaret Johnson Arndt for the last five years or so, and her returns have been pretty much amazing.

@Suleferdinand 5 ай бұрын

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

@chieldof1576 9 ай бұрын

In a world of clickbait harvesing extremists, Lyn is a breath of fresh air with her clear, first principles and historically true / unbiased thinking....great interview and book. Thank you Lyn

@user-eb3pi4tv9k 9 ай бұрын

Put Lyn in charge of the Fed.

@ClyDIley 9 ай бұрын

Hear Hear!

@stevedekorte 9 ай бұрын

But wouldn’t that be like putting the best driver in a car that’s already gone off the side of a cliff?

@nadruik9890 9 ай бұрын

Unfortunately it’s government driving this short bus currently and they are even less qualified than the fed. Difference between stagflation or deflation will be reigning in their spending somehow

@tastypymp1287 9 ай бұрын

Think of the ESG score...

@kimthiebault2076 9 ай бұрын

I thought Joe's running it

@we3k1ngs12 9 ай бұрын

I’m so grateful to be alive in a time that technology allows for instant dissemination of such great thinkers

@nein9nein 9 ай бұрын

Lyn's male mind

@gamanshoo 9 ай бұрын

An age where “gatekeepers” are becoming extinct…❤

@sebfox2194 9 ай бұрын

She also wrote these ideas in a book. Although, I guess the printing press still counts as technology too.

@TilorSmith-ge1mr 9 ай бұрын

I'm just grateful to wake up everyday 😔

@user-vw3ry6rm8k 9 ай бұрын

@@TilorSmith-ge1mr I Just Want To Celebrate - Rare Earth {Stereo} kzfaq.info/get/bejne/ac97lq9117zDhmg.htmlsi=rn3BEtlPXyy7Vj8l So Live Your Life - Chief Tecumseh (A Native American Poem) kzfaq.info/get/bejne/h8eXmLF_krycoo0.htmlsi=nI-EUJ1j7K_memX4

@0l_pops531 9 ай бұрын

Lyn has such a fabulous understanding of money... Her critique of fractional reserve credit versus 100% backed credit was very enlightening. With every interview she gives I learn something.

@nein9nein 9 ай бұрын

His*

@dudewheresmyguitar21 9 ай бұрын

@@nein9neini was gonna say…thats a boy right?

@rhysgerwin4902 9 ай бұрын

LMAO@@nein9nein

@rhysgerwin4902 9 ай бұрын

Look him up, it seems to be so.... also the voice gives it away@@dudewheresmyguitar21

@sirnubenegra 8 ай бұрын

He and his.

@SagaraUrz 9 ай бұрын

When Lyn talks, you can't just leave the podcast as background, you gotta use all your brain power to process the insights.

@chip-thomas 9 ай бұрын

I can’t stand him tbh

@janellc900 9 ай бұрын

💯🎯. I just came back and relistened. Felt like I gave myself a present. This one interview has got to be a classic of the century. Most unbiased, clearly laid out eagle eye take on the scene. Mad respect for Lyn that increases every time I hear her. (Including the fact that every time is a more enlightening experience. No ego driven robotic repeating with Lyn!!!)

@langa1533 9 ай бұрын

@@chip-thomasWell no one likes you👍

@jaselc 9 ай бұрын

jack been on a rampage with all the interviews in the past couple of weeks 🔥

@geraldt331 9 ай бұрын

With marketss tumbling, inflation soaring, the fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfoIios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfoIio

@Tonyham198 9 ай бұрын

It really is a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.

@andersonedward787 9 ай бұрын

Having an lnvestment advser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know

@brianwhitehawker1756 9 ай бұрын

That’s impressive, Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

@andersonedward787 9 ай бұрын

My advisor is .LEILA SIMOES PINTO. You can easily look her up, she has years of financial market experience.

@felipeford1836 9 ай бұрын

Lyn is my favorite! Such a incredibly beautiful mind! So insightful! So thought provoking!

@tactileslut 9 ай бұрын

On my end the audio on this interview sounds more pleasant than through the usual headset.

@MrSifaperdire 9 ай бұрын

I am currently around halfway through Lyn's book and it is one of the best i read in financial and economic matters, it is written in the simplest way. If you enjoyed the bitcoin standard you will love this even more

@roddywoods8130 9 ай бұрын

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.

@selenajack2036 9 ай бұрын

The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.

@kaylawood9053 9 ай бұрын

In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor, requires guidance at some stage.

@bsetdays6784 9 ай бұрын

@adenmall7596 9 ай бұрын

Please tell me how can I connect to your advisor. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put them to work.

@bsetdays6784 9 ай бұрын

Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ‘’Mrs Marisol Cordova” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.

@benitabussell5053 8 ай бұрын

The ongoing sell-off in bonds and worries about an escalation in Middle East hostilities are weighing on the market, as it waits for Big Tech companies to fire up earnings season this week. I want to invest more than $300k, but not sure on how to mitigate risk

@Theresaa12 8 ай бұрын

investors are bracing for key data to shed light on the strength of the US economy. Readings on third quarter GDP and the Fed's preferred inflation gauge are expected later this week.

@RickWatson-xu6gw 8 ай бұрын

Speaking with an advisor helped me stay afloat in the market and grow my portfolio to about 65% since January 2022, This helped me stay afloat and improve my portfolio of $450k in months.They have strategies that are specifically suited to your long-term objectives and financial aspirations.

@A_francis 8 ай бұрын

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

@RickWatson-xu6gw 8 ай бұрын

I started out with a financial advisor called *Alicia Estela Cabouli* Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

@HarrisRyan-oy8eo 8 ай бұрын

This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 10 years of experience is certainly striking! very much appreciate this

@jacobbrown1030 9 ай бұрын

We know things are going poorly for the establishment financial system when Lynn follows Luke Gromen on this show

@willismiller7035 9 ай бұрын

Lol

@stevejenisch9153 9 ай бұрын

it’s blockworks…

@jacobbrown1030 9 ай бұрын

@@stevejenisch9153 Jack is about as anti-crypto you can get without being a hater

@sebfox2194 9 ай бұрын

@jacobbrown1030 Jack is about as anti-crypto as a millennial who owns a lot of crypto can get!

@dirtydan2074 9 ай бұрын

Bounce incoming!!

@drueldorado5700 9 ай бұрын

Everyone thinks it's easy to fix the opaque financial system which is built upon years of adding complexities. I am surprised it's working this well considering people are irrational and emotional.

@silkenflare6989 9 ай бұрын

I highly respect Lyn Alden's economic insight. I therefore appreciate her review in analysis of economic trends and policies which, after consumption of the commercial economy, per interest rates and sector specific support, tend to siphon off middle class and lower middle class personal wealth into the wealth of investment sectors?

@91oschum 9 ай бұрын

Fantastic as always Lyn, and thanks jack for having Lyn on. Such a comprehensive and thorough assessment of the issues in a concise episode

@mattanderson6672 9 ай бұрын

Love listening to Lyn, she's got fantastic analysis Thanks for having her on!

@elijahgoodfarm9101 9 ай бұрын

Awesome talk! Thank you both. Such a great explanation of money and trade!!!!

@junewearden522 9 ай бұрын

love to see Lyn on the show again. She has an interesting perspective and provides me with a lot of insight and communicates her thoughts with clarity.

@subcitizen2012 9 ай бұрын

She's so great, love her. I just wanted to quip. She mentioned the fact that none ever talks about the GWOT in terms of the legacy it's had in debt, dollar value etc. Sure, I guess at the time time it was stimulatory, but you inflate the price tag of those wars, youre talking in the neighborhood of half the national debt that people like to throw around as a responsibility of imaginary fiscal conservatives (which don't exist). Not to get too political about it, but what did we get for all that money? A shattered middle east, a shattered domestic political environment, hopeless and irrational cynicism about government, and arguably a less stable global environment. The people they are calling for updates to the economics and business systems today are the same people that were anti war even when it was anathema to hold those positions. It's the same thing today. Anyway, I'm glad she mentioned the war debt, the war and the debt that got us no where and is still getting us nowhere, and the politics it inspired that gets us no where as well.

@timothyrday1390 9 ай бұрын

It's all been screwy since the GFC. It feels like we've been coasting on borrowed time ever since, and nobody has the wherewithal, let alone a viable solution, to restore even a resemblance of fiscal sanity.

@100perdido 9 ай бұрын

A bit late for that sanity thing. This has been going on since Reagan.

@10317 9 ай бұрын

One thing I have noticed is that the government really helped the populace during the pandemic and maybe they went to far, time will tell. I appreciate them for helping the people. Because after all our economy is based on consumer spending During the GFC people really got screwed. All the help went to the banks. I like what the Fed and the government has done, they are doing things differently now as compared to the past. Maybe they have learned from past mistakes. Of course there’s always the doom and gloomer folk…I am getting to the point where I turn them off. 😊 I would like to see more affordable homes built. Starter homes if you will. The gargantuan homes the builders push are ridiculous.

@bpb5541 9 ай бұрын

This has been going on since FDR.. it started when he stole the American public's gold. Then Nixon took us off the gold reserve, Greenspan bailed out all the crooks of the GFC, and Bernekie did QE and kept rates at or near zero (free money) for way too long. The math no longer works. I can't wait I am so excited for this to go down. America needs a reset

@boogyjuggy 9 ай бұрын

same mess here in Canada

@derekteetv 9 ай бұрын

You have such a stream of excellent 🔥🔥 guests lately; can't find better to comment on our present situation.

@sanshuma0 9 ай бұрын

A Welcomed background change!! ))) (Yet to watch it tonight - goes on my list)

@jonathanventura2257 9 ай бұрын

It’s a recession for the 1 percenters, we 99 percent are still working long hours.

@highbrass3749 9 ай бұрын

But our purchasing power is going down.

@jd218 9 ай бұрын

Always enjoy Lynn. I'd like her discuss interest on the debt compared to tax receipts

@ashanesubasinha8313 9 ай бұрын

Excellent !!! Ton of good information here for anybody interested in basic economics and macro. Thanks

@santomenon3689 9 ай бұрын

Amazing insights from Lyn Alden. Lyn disects economic history with precision. This is excellent

@SP-cx2qi 9 ай бұрын

Superb!! Thanks Guys...

@kimberiysmarketstrategy 9 ай бұрын

My girl ! Lynn ❤ great job

@kimberiysmarketstrategy 9 ай бұрын

During Covid the US spent like a guy who’s getting ready to file BK, using all the cards real quick before the credit runs out…shoot they’re still doing it!

@thehungergames8918 9 ай бұрын

Precious metals are broken too 💔

@user-xo1gg4zi8n 9 ай бұрын

Only for a short time, if there was ever a good time to buy the dip this is it. To many people are following the majority and the majority always struggle to break even.

@vincentyeo88 9 ай бұрын

Harry Dent agrees.

@lukejones7366 9 ай бұрын

Jack & Lyn! So lovely

@user-ft5bg3qj2f 9 ай бұрын

Agreed...much more articulate and easy to listen to than eg Cathy Wood too! Thanks guys!

@k98killer 9 ай бұрын

I think her audio is better in this than in previous discussions with her headset.

@crusader_2028 9 ай бұрын

One underlying problem with any finite money is the burden on expanding productivity.. if productivity and a concurrent amount of consumption are increased, the producers of the new goods and services have access to a rapidly more scarce supply of money... to maintain the expansion..velocity would have to increase concurrent with the new goods and services..seems very unnatural for velocity to not always be in equilibrium with supply and demand..then to have capacity to increase just because supply moved.

@janellc900 9 ай бұрын

Brilliant interview. The last hour double 💥. Need to relisten because we ARE going to be tested and I feel like I just heard the cheat sheet!

@jeffsurfanderson 9 ай бұрын

I don't know why they're looking at the jolts report at the jobs that are out there they should be looking at The Hires report to see if jobs are getting taken

@dogefromthefuture 9 ай бұрын

Such an underrated conversation. Loved this so much ❤️

@supersonicej 9 ай бұрын

Lyn is incredible. Great interview and show.

@donTeo136 9 ай бұрын

It strikes me its not that fiat will go away, but instead fiat could be measured in btc. Or the current relationship flips. A dollar is worth so many Satoshis. Defi is not going away.

@bobsondugnutt7526 9 ай бұрын

Jack is an actual journalist. Fantastic work.

@hart-coded 9 ай бұрын

Why are bank globally buying gold and not BTC? And how do you know BYC will not come yet another manipulated asset?

@user-fv5ms4sz8e 9 ай бұрын

It's not just the US dollar. Many global currencies are teetering on the ledge.

@LightsOn128 9 ай бұрын

Lyn is so very insightful. Thanks so much Lyn

@cezar17negru 9 ай бұрын

Wonderful episode! Very articulate and outspoken guest.

@aaz1992 9 ай бұрын

Fantastic interview 🎉

@samcan1000 9 ай бұрын

Excellent guest and host. I watched one of your regarding the host, videos about a year ago and you have improved a lot. You’ve become much stronger and more masculine and your demeanor and you come across more confident. Lyn is exceptional as always.

@robertphillips874 7 ай бұрын

Her reference to the 1940,s is spot on. Then the fiscal pressure was caused by the war. Now the fiscal pressure is even greater due to prior debt levels and entitlement and the fiscal pressure is caused by huge government expenditure which are alarmingly non productive, just like war time expenses and just as big!

@MichaelManville 9 ай бұрын

Outstanding viewpoints. The question is could society achieve the same, or greater overall economic prosperity if credit creation was hindered by a fixed supply of money (either bitcoin or gold)?

@jcgoogle1808 9 ай бұрын

No. The economy can't grow if the money supply can't expand as needed. As Jack mentioned in this video,... if deflation is brought on by a fixed money supply there's all kinds of counter intuitive phenomena,.. aside from the most important that it will slow economic activity because purchases will be put off for a lower price down the road,...like when it comes to wages,.. congratulations,.. for all of your hard work over the last year, we're only going to cut your salary by 10%,.. And the banks would have to pay people to take loans and expect fewer dollars back than they lent because they would be more valuable. In summary, positive economic growth would be measured by the economy shrinking less than was expected.

@syrozzz 9 ай бұрын

Yes, but with new metrics lol. With a scarce reserve of money, people will lend to sustainable projects and spend on what matters. No more waste. In a finite world, unlimited growth is illusionary. So a more efficient economic development would be most welcome. Furthermore when you will earn money, it will maintain his value. Meaning that you will be able to project yourself in the future more easily. That is great for a society to prosper. And anyway, those last decades growth was almost artificial. Our GDP is increasing but almost everything is becoming more expensive, no one, except a few, is really getting richer. It is a fools' game.

@BigHenFor 9 ай бұрын

@@syrozzzSorry, but it doesnt solve the issue of debt farming and greed.

@douglasx6915 9 ай бұрын

Oh this is going to be great. Lyn is so awesome!!

@TheQuiqueVillegas 9 ай бұрын

Excellent, Thanks!!!

@steveh.7664 9 ай бұрын

I just bought the book. Its a pleasure to learn from such a brilliant individual like Lyn Alden.

@DALJITSINGH-dz7vw 9 ай бұрын

Which book

@steveh.7664 9 ай бұрын

Lyn Alden book "Broken Money"@@DALJITSINGH-dz7vw

@m.vonhollen6673 8 ай бұрын

@@DALJITSINGH-dz7vwBroken Money.

@rlm5834 9 ай бұрын

Kinesis money solves the problem of vaulted gold silver as money. Savable, spendable, transferable, and redeemable on a blockchain Ledger.

@aepfelchen28 9 ай бұрын

Thank you 😂❤🎉!

@ardentenquirer8573 9 ай бұрын

How true content matters**** Lyn has great insight

@dasfahrer8187 9 ай бұрын

Man, Lyn always impresses.

@TheDankrista 9 ай бұрын

Lyn will your book be available as Audible?

@keviliciousatyourservice9510 7 ай бұрын

Excellent episode. Thank you.

@klam77 9 ай бұрын

Excellent discussion.

@joshuajames2425 9 ай бұрын

Good one 👍

@tentimestwenty 9 ай бұрын

I think your audio Lyn is actually far superior to the usual headset!

@rybear5035 9 ай бұрын

Interesting analysis and history and then explanation.

@matthewprzystup998 9 ай бұрын

Lyn's mind and her willingness to explain is extrodinary. Plus she's looking good

@MichaelHarrington17 5 ай бұрын

Lyn's book is excellent and she provides a very useful analyses of the technological purpose of money. However, she never really defines what money is except through the mechanism as either a commodity that is more efficient than barter, or as a product of debt and credit contracts. It's difficult to define money because it depends on what dimension we want to understand about it. Money has a functional defn, a practical one, a technical one, or an existential one. Functionally it is a unit of account, medium of exchange, and a store of value; practically it is currency, a commodity, bank deposits or a debt contract; as a technology it is a ledger than bridges exchanges across time and space most efficiently (Lyn's preferred defn) and finally existentially, money is a proxy for the productivity of time and energy. I prefer the existential defn because it really defines what money IS, as opposed to what it does. That said, Lyn is an excellent thinker and analyst.

@Resmith18SR 9 ай бұрын

What's the advantage of having Bitcoin gold backed payments versus dollar gold backed payments?

@Resmith18SR 9 ай бұрын

@@HansSchick Hahaha 😂😂😂

@longvalnicolas5991 9 ай бұрын

Stong dollar is incompatible with movement in btc value So plan b look outside the dollar not that clear if this scenario is that good for the status of btc…

@Barone2013 9 ай бұрын

Tether’s reserves are public and their reserves are in US banks. They have the T-bills from the US Treasury. All just FUD because they are not from the US. They have licenses in various jurisdictions

@stevecatpatrick8056 8 ай бұрын

I'm quite surprised you didn't discuss the entire reason that we move to fractional reserve currencies in the first place, The elasticity of the money supply. Going to a full reserve system removes any elasticity of the money supply to grow and shrink with the economy. Also the cost of credit in this system would be many times higher than the cost of credit now. It would limit growth and enough years of limited growth and it just makes everyone poorer.

@jeffsurfanderson 9 ай бұрын

Fractional pieces of gold cut into G instead of Oz for quarter Oz or just use silver

@gavintfrye 9 ай бұрын

Gold is money. Us peasants want gold.

@BatmanBoss 9 ай бұрын

Thanks

@mere_cat 9 ай бұрын

You touched on deflation risk briefly, but didn’t really explain how to address the risks. With extreme deflation, no one wants to spend their money, because they know its value will go up in the future. That pulls money out of investments like stocks and into cash. How is that good for an economy?

@rohitkothari3890 9 ай бұрын

Lyn is the 🐐 of our times!

@TheRealDerekS 9 ай бұрын

Lyn is our Queen❤

@andrewmcmurray8081 9 ай бұрын

Excellent BTC information

@stanslam7570 9 ай бұрын

Good stuff. Thanks.

@stephenanthony5923 9 ай бұрын

Fantastic high-value conversation

@charlesstone369 9 ай бұрын

I learned a lot listening to Lyn.

@Greektall 9 ай бұрын

Say they implement YCC and the FED caps yields. Is TLT right now a similar buy like oil was in April 2020 or what! I mean it could go to 70s but who cares it is bound to skyrocket sooner or later

@user-eb3pi4tv9k 9 ай бұрын

Not if yields stay high for years like the 80’s

@michael2275 9 ай бұрын

Be very careful.

@davisutton1 9 ай бұрын

I think shorts over the stock indices is a better play but if you can afford to hold your basic view seems sound.

@Greektall 9 ай бұрын

@@davisutton1 Well I am not living off my investments as I have a good job but put plainly the cheapest asset to own right now is treasuries. I can wait for tens of months adding to my position.Look at home sales, the system doesn’t work with 30year tr at 4,9%. In hindsight it will become obvious just like oil price in April 2020

@papaluvspi 9 ай бұрын

Love Lyn! Can't wait to see her intervied by Nate Hagens

@davidkilpatrick5170 9 ай бұрын

I knew he had lots of it but never knew Mick Jagger was so well versed in the inner workings of money 😮

@TPAK-tb6gr 9 ай бұрын

🤦‍♂️

@williamhoffer9277 9 ай бұрын

A great interview!

@RobWilliams007 9 ай бұрын

If the rates were raised slowly, the banks and bond holders could absorb the lower yields as they matured or sold for less of a loss. Then new loans and bonds get issued slowly at higher rates - it’s not rate shock.

@BobbyC1987 9 ай бұрын

Thanks dude

@marcobiagioni 9 ай бұрын

Thank you Lyn Alden for being awesome. Incredible interview of 2023.

@BlueWaterSTAX 9 ай бұрын

Absolutely fascinating is right Jack. Lyn is quickly becoming legendary in her own right. Thanks Blockworks. Good job 👌

@nein9nein 9 ай бұрын

His own right*

@nickhowden686 9 ай бұрын

Lynn knows her stuff. Thx Lynn.

@adamilardi1853 9 ай бұрын

When you have a fixed money supply doesn't lending get so expensive at some point that the economy can't grow? The initial distribution of the bitcoin isn't a very fair one. Wouldn't you rather mint new coins and give it to everyone equally at first?

@dannieduplessis2432 9 ай бұрын

Hugh Hendry states there are possibly 5 people in the world that actually understand money...i think Lyn would be the 6th. It takes me 4 or 5 listens or watching constantly writing down notes whilst watching anything she is on to actually understand what she is talking about. I have been trading for some 40 years and have made a lot of wealth for myself and my family. I ALWAYS EVERYDAY learn something new. Never in my 40 years have i seen such an unpredictable environment within equites. But what i am confident of is a majour correction in due course.

@MissLibertarian 9 ай бұрын

Currency is a derivative of gold/silver. Its value derives from it having at one time established its value in gold/silver (value which has been eroding since then). There comes a time when a derivative just won't do: it's easier to fill a tooth with a dollar bill than with a bitcoin, but neither can compete with gold as a permanent filling. I'm an INTJ--yes, I can see things that aren't there; I'm an abstract thinker and thought about bitcoin since it began. But I have Sensate relatives, and they are the miners and the bankers and the teachers and the cooks and the brick-layers, and the majority (essential for human survival as a species): the look and feel of a software transaction can't inspire trust like a solid gold (or silver) coin in hand. The failures of ATM's, thousands of cryptos, banks, and credit cards, are going to send them back to actual commodities as the source of value. Faith and trust in bitcoin isn't enough to protect it from the tarnished reputation unfounded derivatives will earn.

@anonymouslyominous3 9 ай бұрын

So the fed isn't going to step in because mara-largo's value went from 500mill to 18mill....unbelievable

@grasscarpets 6 ай бұрын

Where have been Miss you and your comments You keep a strong believer

@Tential1 9 ай бұрын

Lyn gives very long length answers as a way of avoiding directly answering questions

@SwannyMatt 9 ай бұрын

I love Lyn's take on money and how gold was usurped by tech such as the telegraph. I'm just shocked how she can't see how the limitations of Bitcoin's base layer leads to similar outcomes. Ethereum DeFi has the open source, public assets and liabilities. AAVE, Liquity, Uniswap, etc. are having proof of solvency 24/7. But in the days of BlockFi, nobody wanted to withdraw their digital gold...