We Study Billionaires - The Investor’s Podcast Network TIP311: Macro Mastermind w/ Lyn Alden, Luke Gromen, & Jeff Booth (Business Podcast)
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Aug 23, 2020 
Lyn Alden is an independent macroeconomist, Luke Gromen is a financial analyst and author, and Jeff Booth is an entrepreneur known for his insights on Bitcoin. They delve into the potential return of a liquidity crisis and whether another currency could replace the USD as the global reserve. Discussions include the implications of rising national debts, the role of Bitcoin on corporate balance sheets, and the evolving landscape towards a multipolar currency system amidst global tensions. They also explore the complexities of transitioning back to a gold standard and the future of digital currencies.
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Liquidity Shock Factors
- A potential liquidity shock depends on political outcomes, as government transfer payments have masked the impact on consumers.
- International liquidity depends on factors like the Fed's swap lines and the political stability of regions like Europe.
Global Reset and Currency Devaluation
- Globally, a reset is coming as countries devalue currencies, accelerating a pre-existing instability.
- The US dollar might strengthen before weakening due to other governments' printing, leading to perpetual monetary easing and rising inequality.
Repricing Event
- Currency fluctuations are hard to predict short-term.
- A repricing of everything is inevitable, due to policy error or loss of faith in currencies.
