Lyn Alden is astonishingly clear in her macro and historical detail. Her book, Broken Money, is an interesting history and more importantly look monetary forward.
I listen to UA-cam videos at speed x1.75, but this one I'll hear at normal speed. To even understand a fraction of what someone as knowledgeable as Lyn Alden talks about is something to be proud of! 🤩
There is a clear and concise line of thought there going back some time now; en.m.wikipedia.org/wiki/Socialism_for_the_rich_and_capitalism_for_the_poor
Read creature of jekyll island. It explains why the banks helped pushed the goverment to create a central bank to protect the banks own interests from not defaulting and much more.
EXCELLENT interview, Peter! I love Lynn and have listened to her many times. But I admit that sometimes I have trouble following her analysis. But you asked the kind of questions that I would want to ask and framed each conversation in a way that she answered in ways that made sense to me. Probably because, like me, you're trying to better understand the subject too! Thank you both!
Lyn is the best and literally has a great variance in opinions that dont necessarily make the banks and fed and treasury look evil but doesn’t sugar coat what they do and how it affects our world
I've always found the Fed, it's influence on the economy, and how money always seems to flow up hill to the 1% difficult to get my head around until I started interviews with Lyn. She explains complex concepts most coherently. Looking forward to reading her book. Maybe a potential candidate for Treasury Secretary?
Right at the very end, you guys made one of the most important points that almost no one ever remarks on: when people take loans from banks, they do so, most often, without fully understanding the level of risk they are accepting or tge fact that banks have shifted most of that risk from themselves to the borrower. This is the real foundation of the banking crisis of 2008-2012.
This is a VERY IMPORTANT conversation especially for our time. Ending the old system too soon may be the biggest mistake we ever make, or the most clever move 'they' can make to retain power.
Thank you Peter for the 'outside the normal box' questions. Lyn is tremendous in her research and understanding, absolutely a tour de force that brings clarity. And yet she stresses that anything can happen out of the probability smorgasbord of likely outcomes.
Anything to do with money Lyn is the GOAT. Her book travels through history to present day finance and she's definitey the Queen of Connecting Dots. I'm a lot smarter today, than I was yesterday - but still got a long long way to go tomorrow, before I can stand up by myself. Thank you Peter. Thank you Lyn.
Most of Lyn's interviews, I get a brain hemorrhage - but not this one. I appreciate Lyn's easy language here where simple people like me can understand. Peter's interview technique probably helped with that. Thanks to you two. 💜💯🥰🍕
I’m on chapter 12 of Broken money. A great read. Thank you Lyn, I can now follow what you say with ease. I read the Bitcoin standard. Anyone suggest a 3rd book?
You guys seem like you really like each other but you're about as similar the characters in the TV show The Odd Couple. Nonetheless I love listening to you both. ❤ Keep it up.
44:55 regarding banks holding and fractionally reserving bitcoin....some say this isn't a problem because people can more easily take out their bitcoin. This is wrong. Banks have or will have limits of withdrawal
People leaving their Bitcoin for banks to hold custody -deserve to lose their Bitcoin, because there is no guarantee the banks will return your Bitcoin. They could keep your Bitcoin and pay you in fiat - or worse yet - simply transfer your asset to their asset balance sheet - check out The Great Taking by David Robert Webb. Remedy - store your Bitcoin in a Trezor hard wallet. YOU have custody. Bitcoin will still attract the profits or losses and the banks cannot extract/exploit any value, that rightfully belongs to the Bitcoin owner.
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
Guest here, just want to know one thing since it is a very low level detail that cannot be ignored. Is it the most plausible conclusion that bitcoin was created by national intelligence?
What a brilliant discussion and some great Q&A Pete & Lyn. You really need to speak to Garys Economics. If you could Orange pill him and he could persuade you to be "a little bit commie"😅 you would make an unstoppable dream team to fix the problems of money and distribution 😍😍😍
Instead of saying that you don’t trust Defi, you should say that you don’t trust yourself to understand the risks of Defi protocols. Its like a banker saying they don't trust crypto. If you do your research you understand the nuance.
In a full reserve banking system, you can only lend out what others have locked up in savings. Doesn't that prevent brand new innovative ideas and growth potentials from forming outside the amount of money savers are willing or able to save? A different example would be like after world war II when a lot of vets took on mortgages for their home. It helped build the middle class up and required new loans out of thin air unsupported by existing savers, yet society was better in the end for it.
Nope, it won't replace what it relies on for valuation. How do you acquire bitcoin? With internationally recognized currency from the Central Bank. You know what a bitcoin is worth without SDR valuation? You don't, because it's impossible. It relies on it, it cannot stand on it's own. If currency was gone tomorrow, what's a bitcoin worth?
I think that there probably isn’t room for like 140 central banks. You may wind up with like eight central banks. What value does Argentina’s central bank deliver? Maybe it just winds up being US, China, Europe, Russia and India. They are the only currencies with enough influence that manipulation of interest rates makes a difference.
Good point. Downsizing Central Banks makes sense. 1. Does that mean countries that close their CB's have to network with the remaining CB's to control the flow of their currency or 2. The government /trading banks take that role.
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Recently I have been watching Lyn's podcasts. Glad to see her here. She is a legend.
Lyn is one of the best
r a werner is better
Lyn Alden is my spirit animal
Lyn Alden is astonishingly clear in her macro and historical detail. Her book, Broken Money, is an interesting history and more importantly look monetary forward.
On chapter 12. Love it and I’ll suggest it to friends.
Lyn is great.
Lyn's knowledge of the monetary system is mind blowing. Love anything and everything she puts out.
I listen to UA-cam videos at speed x1.75, but this one I'll hear at normal speed. To even understand a fraction of what someone as knowledgeable as Lyn Alden talks about is something to be proud of! 🤩
I’ve got fractional reserved knowledge 🧠
Same! 1X for Lyn haha
Go listen to John Carmack at 1.75x 😉
Lyn is someone to pay attention to. I drop down my usual 1.5x playback speed to only 1.25x for Lyn.
2x guy here, she gets 1.75x 😂
“Quantitive easing is socialism for the rich” now that’s a great quote!
There is a clear and concise line of thought there going back some time now;
en.m.wikipedia.org/wiki/Socialism_for_the_rich_and_capitalism_for_the_poor
Read creature of jekyll island.
It explains why the banks helped pushed the goverment to create a central bank to protect the banks own interests from not defaulting and much more.
And it’s precisely what Bitcoiners aim to pump their bags so they can buy a lambo and change the world to a better place with it 😢
Do you know the timestamp? It's an hour-long video. I'd like to share the clip of that section. Thanks!
EDIT: Never mind. Found it. 29:45
@@adiintel1 And after you read The Creature from Jekyll Island by G. Edward Griffin, read The Great Taking by David Rogers Webb.
Her book 📖 was one of the best finacial readings very easily digestible and on point.
Great interview, always a pleasure to hear Lyn's clear and concise analysis and perspective!
I have so much respect for Lyn. I listen to every podcast she's on. She's a treasure. Broken Money is one of the best books I've ever read.
As Lynn implied, not your keys not your coins. It cannot be understated. She is nothing less than terrific.
Lyn is a global treasure! That's for another masterclass discussion.
Babe wake up. New Lyn interview just dropped!
When you have an impeccable and precise Q&A with Lyn like this, it's no surprise Lyn has a global audience like she has, great video🙏😉👊🇬🇧🇪🇦🍷
I JUST read the Creature from Jekyll Island and this video pops up. great timing
I've missed your last 5 or so as I've been so busy but when this one with Lyn arrived I was like 'ffs I gotta make the time'. And here I am.
Man, to both of you: Thank you for all your work on these topics. It really means a lot to so many people.
EXCELLENT interview, Peter! I love Lynn and have listened to her many times. But I admit that sometimes I have trouble following her analysis. But you asked the kind of questions that I would want to ask and framed each conversation in a way that she answered in ways that made sense to me. Probably because, like me, you're trying to better understand the subject too! Thank you both!
Lyn is the best and literally has a great variance in opinions that dont necessarily make the banks and fed and treasury look evil but doesn’t sugar coat what they do and how it affects our world
Love these talks with Lyn. 🦉
Lyn is so great!!
I've always found the Fed, it's influence on the economy, and how money always seems to flow up hill to the 1% difficult to get my head around until I started interviews with Lyn. She explains complex concepts most coherently. Looking forward to reading her book. Maybe a potential candidate for Treasury Secretary?
Its always a pleasure to listen to Lyn...
L
P😊
Lyn is amazing I love her book ❤
I love Lyn. Incredibly clear, thorough, and impartial observations
Right at the very end, you guys made one of the most important points that almost no one ever remarks on: when people take loans from banks, they do so, most often, without fully understanding the level of risk they are accepting or tge fact that banks have shifted most of that risk from themselves to the borrower. This is the real foundation of the banking crisis of 2008-2012.
This is a VERY IMPORTANT conversation especially for our time. Ending the old system too soon may be the biggest mistake we ever make, or the most clever move 'they' can make to retain power.
Thank you Peter for the 'outside the normal box' questions. Lyn is tremendous in her research and understanding, absolutely a tour de force that brings clarity. And yet she stresses that anything can happen out of the probability smorgasbord of likely outcomes.
Lyn is amazing. Just bought her book.
Anything to do with money Lyn is the GOAT. Her book travels through history to present day finance and she's definitey the Queen of Connecting Dots.
I'm a lot smarter today, than I was yesterday - but still got a long long way to go tomorrow, before I can stand up by myself.
Thank you Peter. Thank you Lyn.
Love Lyn!
Great light, very enjoyable.
Great Discussion.. Thank you for the insights.
Most of Lyn's interviews, I get a brain hemorrhage - but not this one. I appreciate Lyn's easy language here where simple people like me can understand. Peter's interview technique probably helped with that. Thanks to you two. 💜💯🥰🍕
Thanks for sharing brother
The GOAT
Love Lyn, love her book. Was expecting it to be a bitcoin heavy book, and was pleasantly surprised it was a macroeconomics/currency history.
I’m on chapter 12 of Broken money. A great read. Thank you Lyn, I can now follow what you say with ease. I read the Bitcoin standard. Anyone suggest a 3rd book?
This is fantastic!
Great in depth content. Always love Lyn.
Lyn is amazing as always
Fantastic stuff, thanks Lyn!
Great interview
You guys seem like you really like each other but you're about as similar the characters in the TV show The Odd Couple.
Nonetheless I love listening to you both.
❤
Keep it up.
Far better than the last episode.
Has anyone used Lyn Alden’s premium research platform?
Is it any good?
Lyn is an absolute treasure
I love lynn❤️
Lyn is the GOAT
How can it, when it is traded in Central Bank money?
Bingo! You use cash to acquire it, so it relies on it's worth. If SDR valuation was gone tomorrow, they couldn't even determine what it's worth.
Lyn Alden is a national treasure.
That was really excellent.
great video ! Lyn is the best wow what an incredible person. !!! just outstanding.
Lyn is a legend❤
Lyn is the best❤❤❤❤
If money is created when giving out a loan, is it destroyed when the loan is repaid?
Correct.
How is started" "Bitcoin's too confusing, I'll stick to USD"
How it's going: "Fiat makes no sense, I'll stick to Bitcoin"
How it started - Bitcoin is funny money. I'll stick to fiat.
How its going - Fiat is dunny money. I'll stick to Bitcoin.
hi Lyn if you read this please may i ask you do a video with your detailed views of the magnificent 7.
Love you lyn ❤‼️‼️
44:55 regarding banks holding and fractionally reserving bitcoin....some say this isn't a problem because people can more easily take out their bitcoin. This is wrong. Banks have or will have limits of withdrawal
People leaving their Bitcoin for banks to hold custody -deserve to lose their Bitcoin, because there is no guarantee the banks will return your Bitcoin. They could keep your Bitcoin and pay you in fiat - or worse yet - simply transfer your asset to their asset balance sheet - check out The Great Taking by David Robert Webb.
Remedy - store your Bitcoin in a Trezor hard wallet. YOU have custody. Bitcoin will still attract the profits or losses and the banks cannot extract/exploit any value, that rightfully belongs to the Bitcoin owner.
Praise be
So insightful 👏
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
Lyn Alden..Earth Angel...❤
How does something "kinda break?"
Banks levered 21? Is that linked to 21M BTC. Why 21 I wonder
how smart can one person be
Guest here, just want to know one thing since it is a very low level detail that cannot be ignored. Is it the most plausible conclusion that bitcoin was created by national intelligence?
What a brilliant discussion and some great Q&A Pete & Lyn. You really need to speak to Garys Economics. If you could Orange pill him and he could persuade you to be "a little bit commie"😅 you would make an unstoppable dream team to fix the problems of money and distribution 😍😍😍
Lyn ftw!❤
I am always all Lyn !🎉
What was the other bitcoin lender he mentioned? I heard Unchained and Le…? 51:42
Ledn
Ledn
I actually understand Lyn.
I love your work. I cant listen fot an hour. Goodbye.
What a comment
🐐 of 💵
What is the biggest challenge in front of Bitcoin?
"People are Fed up" pun intended?😂
thanks LYN
Lyn is all-knowing, very impressive
HI LYN !
Will BTC and CBDCs projects like mBridge coexist?
CBDC are digital shitcoins issued by a central bank.
DLT with fake money doesn't solve anything just because it's DLT.
I think Lynn is only ok. Has some interesting insights. I feel like a lot of Bitcoiners are virtusignalling support.
She smart
What happened if bitcoin or cryptocurrency adoption got blocked by the most of government in the world.. is it possible?
And she keeps GOATing...
People will be reading Lyns work a hundred years from now saying how right she was
loved broken money!
Instead of saying that you don’t trust Defi, you should say that you don’t trust yourself to understand the risks of Defi protocols. Its like a banker saying they don't trust crypto. If you do your research you understand the nuance.
GOAT
Canada says Hello ❤
Get Warren Mosler on if you really want to learn how the monetary system works.
In a full reserve banking system, you can only lend out what others have locked up in savings. Doesn't that prevent brand new innovative ideas and growth potentials from forming outside the amount of money savers are willing or able to save? A different example would be like after world war II when a lot of vets took on mortgages for their home. It helped build the middle class up and required new loans out of thin air unsupported by existing savers, yet society was better in the end for it.
Nope, it won't replace what it relies on for valuation. How do you acquire bitcoin? With internationally recognized currency from the Central Bank. You know what a bitcoin is worth without SDR valuation? You don't, because it's impossible. It relies on it, it cannot stand on it's own. If currency was gone tomorrow, what's a bitcoin worth?
Or as the final few minutes asks: or will central banking end Bitcoin?
Based Lyn 🫡
I think that there probably isn’t room for like 140 central banks. You may wind up with like eight central banks. What value does Argentina’s central bank deliver? Maybe it just winds up being US, China, Europe, Russia and India. They are the only currencies with enough influence that manipulation of interest rates makes a difference.
Good point. Downsizing Central Banks makes sense.
1. Does that mean countries that close their CB's have to network with the remaining CB's to control the flow of their currency or
2. The government /trading banks take that role.
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
No need to/ it’s a long term asset
The moment you realize after 5 Seceonds of speaking that the person in front of you probalby got an IQ 160+
Lyn is Satoshi. I seen it