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The Debt Crisis in the US
Starting in the early 80s, in the US and many other countries, you had rising debt to GDP. The challenge now is that here in the 2020s, some of those things that were concerned about in the late 80s are actually starting to manifest just way later than they thought. Let's take a quick break and hear from today's sponsors: Wise, it's the account that's made for the world. Equity Multiple brings you streamlined real estate investing starting with $5,000.
Stig brings back one of our most popular and thoughtful guests, investment expert Lyn Alden. Together, they discuss how the Fed went broke and what the implication is for us as investors.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:28 - What is on the balance sheet of the FED.
07:32 - Why the Fed should be profitable.
11:36 - Should central bankers be elected?
21:09 - Why Lyn is bullish on India and Brazil.
36:39 - Whether the commercial bank system will allow a central bank digital currency.
41:20 - How to build a monetary system for Argentina.
49:12 - How to build a portfolio optimizing for both sleeping well at night and independence.
54:00 - How do we know that what we know about financial markets is true.
58:40 - Why you’re too concentrated if you’re super excited about your portfolio.
1:01:50 - How to spend money to optimize for happiness.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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