Lyn Alden: The New Era Of Fiscal Dominance = A Lot Of Painful Changes

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In order to succeed, it's critical to understand the rules you're playing by.
And the rules for investing may have recently changed.
There's a good argument to be made that we are now in an era of fiscal dominance. Today's guest, one of the smarter you'll get the chance to hear from, is certainly making that case.
So what exactly is fiscal dominance? Why is it important for investors to understand? And which assets do well, and which do poorly, in such an era?
To find out, we have the good fortune of speaking today with Lyn Alden, investment strategist & author of the recent book "Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better"
And if time allows, we'll also ask for her outlook on the dollar, gold and Bitcoin.
Get Lyn's book "Broken Money" here: www.amazon.com/Broken-Money-F...
#fiscaldominance #inflation #recession
_____________________________________________
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[@adam.taggart]

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[@user-yf1mv5ji3e]

This is a serious channel. No clickbait title, good questions and good guests.

[@insomniactravels6185]

Lyn Alden is the most holistic thinker among pundits I follow. The reason why she has a definitive and considered opinion on any question thrown her way is because she has already thoroughly studied all the angles and implications. And she is incredibly articulate, too. Listening to her on any channel has been an enjoyable and enriching experience for me. She is a gift! 🙂

[@MrTigerStarX]

Wow you've been swindled

[@jcgoogle1808]

You need to get out more.

[@jcgoogle1808]

@@dbladeford Snicker snicker.

[@timothykalamaros2954]

Engineering background, smart

[@ThatMans-anAnimal]

You write like a bot.

[@rupertsmith6097]

The best interviewer in the financial space talking to one of the smartest commentators in the financial space.

[@crystalitsasecrete917]

Lyn is always one of my favorite interviews. She never fails to impress.

[@dsdvdfbdfb]

he*

[@meirsahar7355]

​@@dsdvdfbdfb Transformers....

[@Iexposeyourlies]

xy chromosome is a he genius

[@jjms79]

@@dsdvdfbdfb I believe Lyn uses "she." Who are you to tell anyone else what to do?

[@michaelwhite9218]

Why is this man “Lyn” being called a woman? We aren’t stupid!

[@jeffasti8625]

Encyclopedic knowledge, recalled instantly and articulated almost perfectly. Pretty impressive.

[@fakeaddress5647]

Every coworker I’ve had in software, hard to compete with lol.

[@jonEmontana]

Thanks for coming on Lyn!

[@MNLeadTesters]

Adam, I appreciate your attention to how the lower and middle class are affected by the markets. So many of the u tube videos are looking at things through the eyes of the wealthy. We are middle income, and are just trying to get to the end of our lives, hoping we can die broke, but not living in our car, eating dogfood.

[@marshallgarrett1163]

She is brilliant! And her ability to express her assessments without any "uhms", "ahs", or "you knows", is exhilarating. Well done.

[@Just21Million]

I just love Lyn. She is brilliant and I learn something new from her every time.

[@MetalBum]

Brilliance. I can listen all day😊

[@anonmon6236]

@@MetalBum yes her voice is angelic

[@MasterRoss-sn7dl]

@@anonmon6236😂

[@MrTigerStarX]

lol

[@kansascrude5611]

LOL how much does she lick your $$$$ to say she is great? Yes she is smart but not a wizard

[@williamm1624]

Keep up the great work, Adam. Outstanding interviewer.

[@henrykborecki3600]

Fiscal Dominance means that the FED has to print money for the junkies in government in addition to the junkies in the banking system.

[@user-rzb]

She's absolutely amazing. You could take all of your other guests the last 30 days and wrap it into one interview and then her interview and you'd have everything you need. It's incredible. She has a magical gift of being able to take very complex simplify. but most importantly her analysis is so structurally sound because she understands how the system works. I often listen to your guess and know that either they don't know what they're talking about or they're full of it because 2+2 doesn't equal five you can never have that with her.🎉

[@MrTigerStarX]

Amazingly fraudulent

[@mdkeys88]

Lyn is amazing. Please come back on the show when you have the time. Very informative.

[@catfoodgeneration]

She's intelligent and imparts knowledge without hubris. A+

[@Jalleur14325]

Well in my experience women are less likely to show hubris. I like the way Lyn is confident articulate without the arrogance too.

[@hedgedrisk6487]

@@Jalleur14325well...he's a dude soooo

[@lennybriscoe6133]

​@@hedgedrisk6487who the fuck cares, kitten?

[@Jalleur14325]

​@@hedgedrisk6487🙄

[@margrietlaan8020]

@@hedgedrisk6487

[@jeffreyestrada5935]

Best guest in a while...IMO

[@ZapperJohn]

Lyn dumbed down her analysis, enough for even me to understand most of it. Great interview!

[@macattack3411]

great show, just love listening to Lyn, she is smart as a whip

[@user-jl8yy5ir7s]

The 1% are worried about wealth redistribution, but the 99% have been living it for 30 years. Redistribution from wages into stock buybacks and the resulting PE expansion and real estate expansion from low rates.

[@SomeUserNameBlahBlah]

The 1% worry about nothing. They control everything, a few blips won't disrupt them.

[@conduit242]

Yep, boomers have been hoarding wealth created by knowledge and blue collar workers for almost exactly three decades

[@user-on4pz5bx5q]

What about the 2%? Or 3%? Do you know where you fall in terms of total assets?

[@AndrewBanker1]

A first class credible analyst.

[@jonathandearing5199]

Excellent interview. Lynn has an extremely wide and intricate understanding of the market. Adam, I appreciate your interview style where you let the expert speak and don’t interrupt them. Keep up the great work!

[@andrew8531]

Good interview. Smart for her age. Hope they come back.

[@MarkHinesley]

Lyn is scary intelligent!

[@renelopez2244]

What a brilliant mind and the knowledge to know she needs to he heard. Well done

[@jimbopeebles8210]

I really thin Lyn’s view of the US consumer is one of the best of all the guests you’ve had on and it’s nice to hear someone who has a mature opinion on the effects of COVID stimulus.

[@jerrysteffy7900]

Lynn Arden + New Harbor is not a segment I am going to miss. Lots of wisdom and insight in the analysis and remarks. It seems like America is setting a fiscal and monetary trap for itself. Given the 4th Turning as a back drop, it is difficult to imagine this playing out in a nice way.

[@jerrysteffy7900]

Apologies on my typo on Lyn’s name.

[@Reflect50]

Lyn is a genius. Hi Lyn from Happy Valley. Thank you so much for all your hard work for all of us. ❤

[@tbergerson]

Adam, Love the Lyn Alden interview. But you will need to interview Lacy Hunt who in his latest quarterly piece did a kind of hand-waving dismissal of the fiscal dominance idea. So right now in this area, the battle is on between Mr Hunt, whose quarterlies I always read and Lyn Alden, an up and coming thinker.

[@fearandobey7]

Lacy Hunt is great

[@jcgoogle1808]

Yeah, Lacy Hunt and Steve Hanke are QTM priests who think money supply and specifically M2 is the only driver of inflation. And since M@ is shrinking,.. deflation is bound to get here with after the long and variable lag is over. Jeff Snider is also in the deflationary camp,.. as is or was Stephanie Pomboy,.. I think Daniel DiMartino also, who says Lacy Hunt is her mentor,.. Not that it's worth anything,.. but I agree with the fiscal dominance influence and higher for longer inflation ahead. The insane unprecedented unnecessary unsustainable criminal fiscal abuse by this admin when we're not in a recession or a WW that caused the inflation in the first place,.. is the only thing propping up anything that is propped up in this economy. The Fed is smashing on the brakes while the senile ole joe admin and the demcorats keep smashing on the gas pedal, And it's the middle and lower class who are paying the bill in inflation, loss of wage buying power, lowering their standards of living, they can't afford to buy their American dream,... and the ironically sad part is,.. they keep voting for the far left policies that put them in this situation. So they get what they deserve I guess.

[@adam.taggart]

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[@MetalBum]

Glad you got Lyn to talk about fiscal dominance. Love the macro talk

[@MoM-do7js]

Great guests Adam ⭐️ So glad you have your own platform! Loved your Sachs interview as well 👍🏼

[@sagig72]

Wow! What a great video. Lyn Alden is so well articulated. She's really telling us: Monetary and Fiscal policies should work hand in hand to have a full effect, but we live in an era where government just doesn't care, it will spend and double-down and spend more and more.. it just doesn't care, and it would debilitate the monetary policy. The sad outcome will be likely BOTH the transition to a digital dollar CBDC that will give ultimate control to the government thus shrinking even more the independence of the central bank. At some point the central bank will have no actual meaning left. Honestly, it feels we're not too far from it already.

[@rimor3579]

Adam, I like all of your guests. Bring them all back. I enjoy the diversity of guests' opinions.

[@Jalleur14325]

The worst thing about the irresponsibility of all this money printing is that when everything implodes in North America, it will be the whole world that pays (as Lyn mentions with Latin America )while those who enjoyed the party the most will be the least scathed. Adam - maybe you could get Naomi Klein on at some point. Her books were really interesting.

[@ssuwandi3240]

Not if they do not own Gold but massive risk on assets.. they know that the bonds fundamentals have dropped at least 30% and still way overvalued in the book despite Lyn wasn't specifically pointing out the concerns such as the current disturbing Yen play is due to that lingering valuation mismatch issues

[@jcgoogle1808]

Great interview. She's finally fine tuned her definition of "fiscal dominance" more closer to what it actually is. On another channel not long ago she seemed to place a great significance on the interest on the treasuries being the dominant stimulus to the economy. That is pocket change compared to the actual fiscal deficits. This time she accurately puts the overwhelming "dominance" on the actual meat of the fiscal deficits; helicoptered checks, PPP, personal and business... college debt forgiveness (although she didn't mention that specifically), ,, the "Inflation Accelerations Act" aka the "green new ponzi scheme",.... because she says energy is where to be during the upcoming stagflationary period.

[@owenkwong3358]

Awesome channel Awesome show Awesome analysis Awesome guest Always professional scholars real economists

[@Jeff__M]

Lyn Alden is Socrates of finance. I love that everything is on video now because people can check the receipts! 👏

[@insomniactravels6185]

How apt of you to pick the best of all ancient Greek philosophers. 🙂

[@janeparish6507]

Oh please 😂

[@jcgoogle1808]

Put a socrates in it. If she/he were all that and a bag of chips,... they'd be laying on a beach on their own single mansion private island rather than trying to sell financial consultant fees.

[@mpconstructs6048]

​@@jcgoogle1808wow, someone triggered the gerbil smuggler😂😂😂😂

[@jcgoogle1808]

@@mpconstructs6048 Oh that was a good one little ppconstructor Sorry if my less than worship of Lyn, my insolence in mentioning that your emperor may not actually be wearing any clothes (yeesh,... how to destroy the brain cells storing that nightmarish thought) offended your "there are 57gendersSowe shouldn't keep men out of real littlegirlsbathrooms" Transgendercommunity.

[@jeffreymassey5541]

Lyn is aways on point with her analysis. Always a joy to get a clear-eyed view of financial. Issues. 👍✅💯

[@kevinobrien9271]

I’m going to have to listen to this again. What she is saying is so information densely packed that I will have to come back later. ❤️ Lynn

[@jscout04]

This is a brilliant interview.

[@timmusick9875]

Lyn has always amazed me from the first time I heard her make a presentation. Although, I believe, her educational background is in engineering her economic analysis and knowledge of economic history is PHD level in the realm of Lacy Hunt. I hope she becomes a frequent guest of your excellent interviews Adam. There are none better.

[@0l_pops531]

Adam, what can I say! Fantastic interview!

[@hollygardner5076]

Thank you Adam and Lyn. 👏

[@marypierson7899]

Thank you Lyn!

[@markrichard2095]

Lyn is brilliant!!! Fantastic interview Adam.

[@jacobbryant7823]

Thanks for the content Adam! Helping regular people with their financial decisions!

[@granttharby9123]

Lyn always brings so new angle to look at the financial markets-Global Blackjack.. Another great interview. Thanks

[@Angelina-xj5zd]

I have her book and it's great.

[@steve5289]

Lyn is brilliant !

[@investment6503]

Yes yes yes yes yes yes yes yes yes yes😅 Please invite Lyn back again as soon as possible! Her view & explanation are fantastic, very easy to understand. If possible, it’d be very beneficial for every novice investor/trader, please ask Lyn more about her portfolio management process or how she makes decisions/criteria on buying/selling any assets. Thanks again Adam for the great work 👍

[@martinleepgg]

Lyn has A very clear understanding of broader financial and fiscal policy and systems. She explains it for us average folk to clearly grasp. Are we heading into stagflation and or depression?

[@jimmyz5831]

Lyn seems to be one of the sharpest knives in the drawer but no one really knows what is coming down the road. Follow the basics and don't overextend (my 1 cent).

[@darrensadana6788]

Agreed . In times of desperation govt and finance do desperate things . It could be an inflationary recession or a deflationary one . Do Thanks choose sides. Be 50 percent in tbills and 50 percent in strong companies that have pricing power

[@jayhebert8775]

Great Great interview! So great!

[@alanmrsic893]

Great stuff thanks again

[@stevencezus3987]

Lyn is simply amazing, thank you!

[@sk-gi5wy]

Lyn is a smart young analyst that knows her history. Thanks Adam for bringing her on.

[@philmaccall4943]

Really enjoy listening to Alden and although i find her a very lucid and informative guest i struggle to square this impression with her being a fan of Crypto which i can only see as (at best)a high risk asset. Maybe I'm missing something?

[@Jalleur14325]

It is but the Blockchain is something to watch and likely here to stay in terms of tech.

[@shingnosis]

Superstar guest

[@petergozinya6122]

Thank you Adam

[@jmcmob608]

Thank you very much...

[@eliee1]

The interview I’ve been waiting for.

[@Caballerocons]

This episode can be a a short read book. Like a series of books. Thank you both.

[@gregoryfluellen4831]

Even for the consumer who own with 2.5% mortgage, remeber they to are experiencing real inflation. Home Insurance doubled. Economy is not Okay.

[@fearandobey7]

Insurance, taxes, maintenance, other cost of living hitting beyond the fixed rate mortgage for many in middle class, myself included (2.875%)

[@vincent_a4564]

Everything everyone says here about Lyn’s intelligence is obviously right…still when she talks about what BTC “historically” has done or about the phases of its “bull vs. bear markets” I just have to wonder. 🤔

[@scottpi729]

I'm told that the 10yr would be more like 5.5% IF Yellen were funding the debt by selling 80% Bonds, 20% Bills (like normal) rather than the 20% Bonds, 80% Bills she is selling now. When that goes back to normal, 10yr rate goes WAY up. Bills rate goes way down. Artificial invert on the yield curve.

[@BatmanBoss]

Thanks buddy

[@danobrien3760]

BOOM!! Lyn Alden, great get. This will be good.

[@marklewis2442]

I have followed Lyn for many years and she is always fantastic. She clearly understands the difference between chicken shit and chicken salad.

[@Iexposeyourlies]

he not she simple biology 101 lmao

[@ardentenquirer8573]

Great interview thanks to all

[@carefulconsumer8682]

Good interview.

[@kimberlydonaldson4904]

Great advice at the end from Lyn!

[@gsmith3696]

Lyn is one of the best guest you have on the channel. Thank you.

[@mattanderson6672]

Lyn is awesome!!! Thanks for having her back!!

[@HerrLT]

I time block any time Lyn is a guest. Amazing analysis that makes sense to a crayon eater like me. Ow if Adam could only get the Eurodollar university guy on I’d be set for this year!

[@graceamsterdam5404]

Loved it! 🙏🏼🙏🏼🙏🏼

[@jerroldbrown2929]

I love Lyn!!!

[@jklov8590]

fabulous thank you

[@atonesb5251]

Glad to finally see Lyn on the show. Good interview.

[@sreddick3045]

Great interview Adam - as usual !!!!

[@itzfifson6140]

Lyn is the best.

[@993C2S]

Lyn is wonderful to watch. I sure am glad you didn’t spend the entire interview talking about that waste of time pet rock. Thank you for the interview.

[@seld6019]

I love the way you interview Adam, keep up the great guests and content-we are listening.

[@jtrealfunny]

Guest is one of the best. Her, Doomberg and El Erian are the three people who seem most legit in their analysis. I wish El Erian did these long form interviews and I would love to hear Mrs. Alden in discussion with Doomberg. Take it from the man. I heard her talking with Eurodollar and he couldn't really measure up; Doomberg would give a better alt perspective and they come at it from such different angles.

[@g3powerbook335]

Who knew that sound financial info can come from a cartoon chicken. 🐔

[@ssuwandi3240]

Doomberg should invite Danielle Booth because she's not in Boomers group and ex Fed employee. Elrian is no longer objective because he's in that Lyn's beneficiary group anyway

[@jtrealfunny]

@@g3powerbook335 yea, we are living in the future

[@bobbyblanding5253]

Great video Adam and lynn

[@squarewheel142]

Great video, Lyn is brilliant.

[@gofish8181]

TY for this great episode.

[@danalee8431]

Outstanding interview Adam. Lyn Alden is the best.

[@demisrasho6890]

Lyn Alden, one of the best to ever do it and my personal financial advisor (as a premium subscriber) 😊

[@briancutsinger]

Great Alden!🌞

[@Robyn-Hood]

Thanks 🎉🎉 It would be nice if you told us when you recorded the chat

[@jod5834]

Lyn is genus, she has brilliant mind.

[@cdagny83]

Lynn is the GOAT! Wow!

[@stephenodey5147]

Excellent

[@unitedstatesdale]

Aldens opinions turn to facts more than any other fiscal expert. Thank you Lyn , My returns have been epic

[@jeffnapoliello]

Thanks!

[@danielorzech4563]

When they start printing again, everything will explode upward. Then it's over, all of it. Would love to know when.

[@user-99.99]

Great discussion. Please have Lyn back to discuss Bitcoin even if it is from a skeptical standpoint.

[@francescoruffini4003]

She’s definitely brilliant

[@_-Wade-_]

Great talk!

[@user-rq6id3gh3n]

Always learn so much from Lyn: practical, applicable information which is appreciated by novice investors. I would love to see her more often here:)

[@msayfie359]

Great great show!