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Forward Guidance

Lyn Alden: The Monetary Order Is Broken

Oct 5, 2023
01:46:42
Snipd AI
Lyn Alden discusses the recent bond market meltdown and explains why our monetary order is broken. They explore the pros and cons of hard money and how Bitcoin could provide a solution. They also touch on topics such as the risks of buying bonds, the state of the US economy, commercial real estate, and the lack of transparency in fiat money.
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Podcast summary created with Snipd AI

Quick takeaways

  • The current monetary system is broken, leading to devaluation of savings and financial instability.
  • The golden age of money refers to periods when money functioned effectively and supported economic growth.

Deep dives

The problem with today's monetary system

The current monetary system is considered broken due to the abstraction and centralization of money that occurred with the advent of technologies such as the telegraph. This led to rapid debasement and inflation, resulting in the devaluation of savings and increased financial instability. The system is characterized by fiat currencies, with approximately 160 different currencies experiencing varying levels of inflation and devaluation. This has hindered the development and prosperity of many countries, making it difficult for individuals to accumulate wealth and maintain purchasing power. The lack of transparency and the ability of governments to manipulate currencies has further exacerbated the problem.

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