Are Central Banks Losing Control? With Lyn Alden & Natalie Smolenski

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Lyn Alden is a macroeconomist and investment strategist, and Natalie Smolenski founded and leads the Texas Bitcoin Foundation. In this interview, we discuss the impact of digital currencies on government control, the breakdown of the US system of checks and balances, and the increasing influence of central governments. We also talk about the complexity of the monetary system, the current state of the financial system, and the future of Bitcoin.
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TIMESTAMPS:
00:00:00 Introduction
00:03:52 Narrow corridor of liberty
00:14:08 Monetary political spiral
00:24:33 Central banks losing control?
00:32:42 Any political solutions?
00:46:51 When societies break down
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#Bitcoin #Finance #Economics
****
“Those that don’t want issues focused on the money divide people to focus on other things…they don’t really care about any of these views, what they’re trying to do is sew chaos.”
- Lyn Alden
- - - -
Lyn Alden and Natalue Smolenski are both acclaimed as peer leaders within their respective fields. I feel this is because they can provide engaging clarity to complex issues. However, I also feel that it is their ability to be authoritative, honest and calm, within an industry full of noise, miss truths and hidden agendas, that has led to them developing loyal followings. It was an honour to have these two heavyweights of the community coming together on the show.
Our conversation began with a discussion on the concept called the "narrow corridor of liberty," which Natalie explained as a theory describing the balance between the state and society in terms of technological advancements, and the race for liberty to stay ahead of tyranny. We then talked about how this applies to the race between Bitcoin and Central Bank Digital Currencies (CBDCs).
The conversation took a turn towards the challenges of explaining the upcoming financial challenges to friends and family, in the context of the need to rethink governance in a digital world to prevent excessive government control. The system of checks and balances in the United States has broken down, with laws now being made through federal agencies instead of Congress. These agencies are often not accountable to the American people.
Lyn talked about the correlation between the breakdown of the financial system and Increased government control. She emphasized the complexity and opacity of the money system, which fuels political polarization and distracts people from focusing on the real issues. Those in power may want to divert attention from the money system, whilst corporate interests have an undue influence on government decisions.
The need for reforms is readily apparent e.g. lobbyists' influence, Congress members trading stocks and the lack of term limits. But, the fundamental issue is the risks resulting from a concentration of power. Decentralisation is a bedrock of Bitcoin’s development, so there is real excitement that those pushing for change finally have a powerful tool with which to enact real and meaningful change. That is why Bitcoin has people of the calibre of Lyn and Natalie.

[@lhorpally]

What I appreciate about Alden is her down to business approach to all things, no fluff, no b.s., just facts and reason delivered with great care in hitting the mark. Great stuff.

[@aussieman8738]

Yes he is very down to earth

[@dmpath]

Im only 15min in and already this is my favorite episode ever. Huge respect and admiration for both guests.

[@arremsea]

Ditto

[@MarnieKhaw]

Same here!

[@Florida_Woman]

Lyn is an absolute boss!!

[@Billsethtoalson]

Great to see Lyn back on. Looking forward to her releasing the audio book.

[@aussieman8738]

Yes looking forward to him!!!!!

[@raulmoris2684]

Absolutely fantastic program, Lyn and Natalie are incredible. Thank you

[@tjhal1]

Unbelievable, podcast, Bravo 👏. Lyn is clearly a genius with good intentions.

[@chaotic_coder]

Amazing as always! 30:22 Lyn gets distracted by the Bitcoin clock =)

[@Cronus6]

I see Lyn and Natalie, I click

[@frankkashner64]

Best episode ever! We need democracy and I need Lyn's book in audio form.

[@PrimordialEconomics]

Natalie is one of my favorite people in the space.

[@TheDeezelsmoke]

I haven’t really seen a lot from her previous to this episode, but I was damn impressed

[@christopherb8098]

Natalie and Lyn are a perfect complement to one another. I appreciate their broad macro analysis. Would love to here a conversation with them and a guy like Tom Luongo. That would kick things up a notch

[@jeffreyschmidt1110]

I like these two ladies, intuitive and articulate! The “What and Why” of the Fed to me is secondary to the acquiring of Bitcoin. Good interview!

[@geeaitch7573]

Pete and Danny... met you both briefly at WBD live Sydney. Appreciate your work so much to bring voices like Lyn and Natalie to the world. Don't underestimate the importance of what you're doing. These issues are quite depressing and anger inducing... we are globally being led by a cartel of thieves, charlatans and confidence men. But the first step in changing that is recognising and observing it, and little by little spreading that knowledge. The tide is changing. Keep up the great work... its important.

[@DP-zt8hf]

These two girls are the real deal. So much genuine insight. Killer episode. Perhaps the best I have seen in recent times. Well done.

[@eliminators-nu4nq]

But they aren’t real women, just fakes

[@adena7964]

I will be listening to this episode more than once. So much to digest from experts in their field. Peter, great job, and thanks! We need more space for women of this caliber.

[@Just21Million]

Such a solid interview, Peter! You have a gift for asking the right questions. Anyone else notice how everyone on here has the perfect radio voice? It's as if they were born for this! SO much talent on this episode! Thank you for the 🔥 content 👊🧡

[@TheBitcoinRevolution]

Worked incredibly well as a pairing. Fantastic insights from their respective areas of expertise.

[@davenic1669]

Bitcoin is going to be wife changing.

[@cesuntbanii]

Lol!!! This is a good one!

[@breakthrough2318]

😂

[@galactix_crypto]

Exactly! Wife upgrading!

[@robbatayaki5505]

Not for me. Being single is the "single" best investment ! Lol

[@tonybegg7324]

This has been very useful. Thanks Lyn and Natalie!

[@chired6851]

Great pod for me. Lyn my favourite and to see Natalie for the first time.

[@derp.2898]

Great. Funny Lyn softens her voice and Natalie deepens it

[@MikeStillUK]

Top notch content. Bravo Danny, Peter and of course guests.

[@michaelcalibri3620]

Damn, Lyn Alden is smart af.

[@KwagGarsa]

Lyn is great, as always.

[@pncampbell]

Good episode, the "corridor of liberty" is an interesting concept, the idea that some minimum rule of law is necessary for maximum liberty rings true to me in a way that the zero government hypothesis of hard core libertarians does not.

[@bwwilson1765]

What a fantastic interview. Great choice to pair them together for such a discussion, as somber as the topic is.

[@allisone8]

Incredible knowledge and wisdom. Thank you all.

[@XxChuyoxX]

Just picked up Lyn's book! Can't wait to read

[@staninjapan07]

Some very important points raised. Thanks.

[@lianlight8447]

powerhouse interview, My brain just doubled in size

[@KevinBasham]

It’s Lyn, I’m tuning in

[@TheRealDerekS]

This is absolutely amazing! My two favorite guests together! Incredible perspectives and synthesis of the interplay of global and cultural trends... brilliant work Danny is a stud. Pete, you're pretty cool too 😊

[@DamianBadalamenti]

Fantastic interview/podcast. Thanks for bringing these brilliant ladies together to share their knowledge.

[@yannickgranger]

Hey, great stuff here. Thanks to these two interviewee to give us so nice content🙂

[@CecilsPlaylist]

Excellent interview. CW

[@SuperLkelley]

That was effing awesome. Thank you sincrerely to everyone involved.

[@kenallensworth5408]

Ladies, You're awesome! Ty😊

[@nadie2795]

Thank you ladies 😀

[@shanewatkins1350]

The editing in this video with these two very smart ladies is interesting

[@janetjacks3406]

Listening from the UK and eternally grateful to Lyn on her excellent education on the history of money the other week which helped me understand how for things to really change the ledger has to be held by the people and not by the central banks.

[@Mikeflycast]

Him

[@Anubis-hm7ro]

Thank you

[@AliBooondok]

Woohoo, excited for this Episode!!

[@shad00w239]

Aw you guys were so happy at the end there :). I loved this interview. Thanks for putting it on, great info here.

[@dmr87]

Thanks!

[@patricksapp8034]

While I think crapto is a scam and a trojan horse for cbdc, interviews like this are why I watch this channel. Gimme more.

[@davhar02]

I watch your macro stuff. Thought it should get a shout out as my favourite so far.

[@wrevelate]

So smart. Great pod!😮😮😮

[@Dennis-xj8nh]

Very good episode!

[@juandiegoramos4490]

From agro-feudalism to oligachy to seudo-democracy to lobbycracy to techno-feudalism.

[@FF-em5jk]

Without Bitcoin: techno feudalism With Bitcoin: techno anarchy

[@toneeclark399]

Lyn’s book arrived yesterday. What an excellent chat to witness. More confirmation than enlightenment with depth of knowledge adding to my longstanding disregard for American politics AND policies. Bravo 👏🏾

[@postscript5549]

Excellent podcast.

[@P__114]

Eager for the audiobook, Lyn!

[@contemplating1015]

Thank you sincerely for such a great discussion, kindly shared views and knowledge by wonderful people 🙏🌟❤️

[@kawasakinin]

Great one 👌

[@Adityasomani555]

Great information

[@nashgate1336]

Great interview Peter. Two of the most thought provoking ladies in the industry.

[@JonnyBeoulve]

Lyn is awesome.

[@robins7594]

Great interview

[@andrewhill1251]

Epic interview

[@mdamiciful]

Dope show

[@Anubis-hm7ro]

Excellent

[@MarkUllmann12]

Brilliant!!!

[@jeffmee9326]

Killer discussion

[@Matthew_D]

Natalie looks great in the thumbnail. Awesome photo.

[@difigfs]

I was a GOP delegate in CA. Since we have transferred power from states to the central government, which now is a full-time job, even if I live in FLA, it matters if people who disagree with me are elected because they can change laws at a FED level. So that's why so much outside money influences other states. We purposely are a REPUBLIC, not a Democracy.

[@siferd18]

Great podcast. We need term limits across the damn board in the U.S.

[@patricksapp8034]

Eh.... Replacing a dirty diaper with another dirty diaper is not my idea of progress.

[@First_Principals]

1848 European revolutions are a good example of what can happen when things start to collapse. The revolution in Britain was very different than the other European countries.

[@kimangel4988]

Brilliant 🎉

[@trevorm9551]

I absolutely love Natalie, I will watch anything with her name on it immediately, so smart and so beautiful

[@robbatayaki5505]

I am always all Lyn ! And yes, the sound is perfect. Strong and clear. I hate those multi-hundred-thousand subscribers channels with shitty audio. And they articulate. Many listeners are non native english speakers like me !

[@ulricwharerau4594]

Great interview Simon Cowell

[@roberttheiss6377]

Can I buy Lyn's new book with bitcoin? I want to buy it but not a huge fan of Amazon and USD.

[@Pogdub]

I love Lyn

[@through_the_lamb]

Thanks BitBoy!! 😆

[@dn8071]

Excellent Borg reference 😂

[@MystiqWisdom]

39:18 Congratulations, Peter. You've broken out of the statist matrix.

[@metageist666]

No links to follow these two in your description!?

[@BluegrassStoic]

wow what an amazing show... also, these lobbyist write the drafts of the proposed laws and the representatives dont read them, at best they know the bullet points

[@raterfarms4329]

Good time to remember the quote from Washington - " the people have to feel before they can see".

[@pallimidjord4351]

This should be good 😊

[@rlg222]

I can't find Lyn's book on Audible?

[@astroNexx]

the way he starts the interview by addressing two beautiful women as "heavyweights" hahahahah

[@dipunm]

Isn't the only reason for a separation of "payment" vs "settlement" the banking system? Gold, payment = settlement Bitcoin, payment = settlement Cash, payment = settlement So to me the separation of payment and settlement is an arbitrary way of making excuses or causing doubt.

[@garcon8552]

Still finishing up TheFourth Turning, Have bought Lyn’s book which is next up.

[@muttleyZZZ]

Awesome interview with two gigantic craniums! Thank you

[@AngelMRas]

I think it is interesting how Natalie said that countries do not actually need a blockchain…

[@First_Principals]

You should interview Edward Chancellor who wrote The price of time.

[@OllieSwoboda]

Reminds me of the Who’s lyrics for “Won’t Get Fooled Again”…😢

[@rafish100]

I will give you shit Peter when you have the ex Wall Street sharks coming on your show with their soft grift, but I will also thank you for a great episode. Fabulous show today!

[@stephenlaurence8650]

Reserve Banks are promoting CBDC "backed by government" as the safest form of money. For who? Backed by government means CBDC is still debt-based, no different to what we have now! The anthropology of money needs to decipher whether public deficits should be created as debt or debt-free (CBDC or electronic). Sustainable productivity and taxation, and affordable bureaucracy are reliant on this.

[@crustyzimmerman3324]

Talking about corporate interests, what was that Eddie Murphy film in the 80’s where the dude gets into congress? Point is,it’s been going on years…

[@kyleingebretson3657]

One of the best. Ludwig von Mises describes the propensity of the state to perpetually grow as etatism. I think you would enjoy his work.

[@belaireboxhead14]

Phwoarrrr 🔥 I’ll be kicking off my Honours year in Psychology in a few months, and I find myself at that exciting point where I can be completely creative as to what I explore in my thesis. I’m currently interested in individuals’ perceptions towards different monies throughout history (e.g. gold, fiat, bitcoin). As Bitcoiners, is there anything you would want to see explored in this context?

[@jamesstivaly8274]

And there are a few states that are using gold as a means of exchange

[@jtrealfunny]

Great discussion of Americas political dysfunction. The approval rating metric versus the re-election metric has been a damning indicator for years. And when money becomes society's only compass it become hard to navigate less tangible objectives and the income inequality statistics really show you everything you need to know. Take it from the man. 49:00 Liz Alden doing an excellent job explaining how societies move towards tyranny in times of chaos: "people want security, people want someone to blame, and so you get a monster in charge that feeds on that energy and promises we're going to give you security, it's not your fault, it's there fault, you blame some group that wasn't involved and then you have some sort of horrible outcome." 50:00 The always measured Lyn Alden highlights the historical American successes when facing defining moments: Lincoln and FDR. Impressive Liz Alden on the US political system: "Legislation is for sale." Natalie Smolenski: "When an empire or civilization is in decline there is an increasing rate of stochastic tragedies...basically the level of ambient chaos in the society rises slowly..." Liz Alden "...and the risk of doing it when things are dire is that it increases the odds that what you shift to is even worse than what was before..."

[@darinthesecularspiritualist]

natalie got the "high how are you today?" but lyn did not get the "high how are you?"... we will never know how lyn is and that is tragic

[@yalesdy]

Hasn’t anyone in this conversation read The 4th Turning?

[@Eric-is1jt]

Politics is mainly about money,like most things in life concering career paths.Money,power and fame are a huge part of the game.😅😮❤

[@Anubis-hm7ro]

Wow

[@dan2304]

Any currency is a representation of commodities/energy. Debt is commiting commodities/energy from the future without any idea of the supply or cost. Now almost all commodities are in declining production and/or increasing real cost of production.