How the Fed “Went Broke” with Lyn Alden

  Рет қаралды 61,207

Peter McCormack

Peter McCormack

Күн бұрын

Пікірлер: 189
@adamsawyer6248
@adamsawyer6248 Жыл бұрын
I swear if Lynn Alden was the only guest on WBD I would still vever miss an episode 🤣
@huskeyei
@huskeyei Жыл бұрын
Hand the channel over to Lyn
@trentfowler6239
@trentfowler6239 Жыл бұрын
I mean, I’d probably miss *fewer* of the .
@angusf8414
@angusf8414 Жыл бұрын
Same here. This whole hour is basically worth a lot i can say. million times better than a uni lecture
@angusf8414
@angusf8414 Жыл бұрын
@@huskeyei lmao i think the hosts questions are good tho, it help us (non-specialist) to step-by-step understand what she is thinking.
@MH-xq3bo
@MH-xq3bo Жыл бұрын
I have to agree. I'll admit that a lot of it goes over my head and wish it didn't but it's still fascinating.
@STEV3.147
@STEV3.147 Жыл бұрын
Lyn Alden is absolute best Macro person I’ve ever learned from. Thank you Danny
@Dpaq13
@Dpaq13 Жыл бұрын
no doubt
@STEV3.147
@STEV3.147 Жыл бұрын
@@ArborZen Check out Joseph Wang
@mjl22
@mjl22 Жыл бұрын
What an absolute gem. Lyn, you are the best! Thanks for bringing her on frequently. During a time when so much of the public discourse is incredibly superficial it is stunningly refreshing to have someone with such depth of understanding explain things so coherently.
@alexanderarman
@alexanderarman Жыл бұрын
@h2jennings
@h2jennings Жыл бұрын
Great interview. Lyn is a rock ⭐
@cesardeoliveira8262
@cesardeoliveira8262 Жыл бұрын
This is Lyn's best episode and one of the best of the show ever. Congrats all. Thank you Lyn.
@jeremiahshannon4517
@jeremiahshannon4517 Жыл бұрын
Thank you Lynn for explaining this to me
@SUNNMANN139
@SUNNMANN139 Жыл бұрын
This video of Lyn Alden explaining how the FED and money works is absolutely excellent.
@gregrice2024
@gregrice2024 Жыл бұрын
Excellent episode I feel like I just took a crash course on the history of the Fed. Lyn explains so much in an accessible way, so quickly and efficiently. Basically not a single wasted sentence.
@d4mdcykey
@d4mdcykey Жыл бұрын
Finally, got somebody who is not either blowing smoke up the ass of listeners with psycho babble BS, or they are woefully lacking basic knowledge of the things they claim to know, i.e. BS by proxy. Lyn rocks it everytime, with expertise and grace. Kudos.
@ml9372
@ml9372 Жыл бұрын
I see Lynn and I watch. It’s an easy choice as she’s easily one of the best analysts out there and does a great job of conveying the important information.
@didactica9326
@didactica9326 Жыл бұрын
I love Lyn's smile whenever she talks to Peter, its nice to see her smile!
@shaunmcfarlane1099
@shaunmcfarlane1099 Жыл бұрын
Lynn is fantastic, finally signed up for her Premium service!
@MattiMattiMattiMatti
@MattiMattiMattiMatti Жыл бұрын
There's something about Lyn that is very very effective to learn from and very memorable personality, even with sich a 'dry topic'. Try to have her on more often! I know you do your best haha.
@Jimmybob21
@Jimmybob21 Жыл бұрын
Good to see Lyn on the show :)
@we3k1ngs12
@we3k1ngs12 Жыл бұрын
Buying a digital copy for convenience and then a hard copy to display to all just how smart I am 😂. Can’t wait Lyn !
@GRumpyonekinobi
@GRumpyonekinobi Жыл бұрын
The breathing is strong in this one! Good to know everyone was alive & well!
@alanjacobson5850
@alanjacobson5850 Жыл бұрын
Hi Lyn, Thanks for keeping your subscription price so it's available to us at the bottom of the investing ladder. Much appreciated ! :)
@britt7299
@britt7299 Жыл бұрын
The conversations with Lyn are the main reason it looks like I slowly but steady get a better understanding of the financial world. Big thanks 🙏for you & your team and of course a huge "thank you very much' 🙏for Lyn !!
@jingmu1289
@jingmu1289 Жыл бұрын
Always love Lynn’s episodes!👍
@Gunnar-Peterson
@Gunnar-Peterson Жыл бұрын
Great podcast, informative and straight to the point
@Mr3169Leo
@Mr3169Leo Жыл бұрын
after the 3rd time of watching this video, finally I have understood what she's talking about.. thanks a lot!!
@thatsinterestinghmmm4696
@thatsinterestinghmmm4696 Жыл бұрын
I’ll be getting Lynn’s book…she rocks!!
@JB-lq7hx
@JB-lq7hx Жыл бұрын
Always looking forward to seeing and listening to you Lyn Look forward to your book launch..
@thecryptobureau6738
@thecryptobureau6738 Жыл бұрын
Thanks Danny, Lyn is an absolute champion mate. How have we had our heads in the sand for so long?
@RiAirgead
@RiAirgead Жыл бұрын
Thanks guys! Always love seeing any Lyn content but the best interviews are on this show. What a great compliment to the article.
@AnthonyJones-gf6yv
@AnthonyJones-gf6yv Жыл бұрын
This is the number 1 bitcoin show
@bitcoinpoemspro1406
@bitcoinpoemspro1406 Жыл бұрын
Excellent. I will get her book. She is so knowledgeable.
@kathrynchamberlin3405
@kathrynchamberlin3405 Жыл бұрын
Lyn is awesome and so capable of explaining money and the “system”, She is too smart for my own good.
@Kernoe
@Kernoe Жыл бұрын
thank you so much for bringing her on.
@psoidonym2389
@psoidonym2389 Жыл бұрын
"financial system Jesus"...spot on 🤣 Best description an a nice compliment for Lyn. And well deserved.
@TheRealDerekS
@TheRealDerekS Жыл бұрын
last weekend having dinner with father and mother in law, retired 65+, I commented that every week my social security deductions are best visualized as turning to ash because I'll never see social security 25 years from now... maybe off handed but i was not condescending in tone... my mother in law replied "no, it's not being wasted for no reason, its taking care of us".... she was dead serious. my wife looked at me shocked, we were floored at how boomers view our situation... my wife was in disbelief. I told her, honestly I'm not even mad, bcuz I understand my mother in law is simply following the present incentives. This is just how it is, why would she be concerned with anything beyond the carrot in front of her face.
@sawdustcrypto3987
@sawdustcrypto3987 Жыл бұрын
I give Peter the benefit of the doubt because Lyn appears to like him
@StaySmart101
@StaySmart101 Жыл бұрын
Lyn you are the best!
@markleontev2150
@markleontev2150 Жыл бұрын
Thanks again, brilliant as always. Great point regarding dealing with budget deficits as the means of fixing inflation. How about setting up a sort of friendly conversation between Lyn and Stephanie Kelton (I know, I know) about that? I just think it would be a tremendously interesting debate to watch, should the parties be up to it.
@tomweiss6621
@tomweiss6621 Жыл бұрын
The last question was the best! Thanks.
@SavanaT
@SavanaT Жыл бұрын
Where did Lyn Alden get all this data/info, especially about how the FED/Treasury operates? I can't find this data anywhere? I'm so curious where her source is... No MBA school teaches this as far as I know..
@zanychelly
@zanychelly Жыл бұрын
The only thing I would ask Lyn for a next interview, or for any other interview: Please, get a better camera and mic Other than that, it was rock solid. Thank you both
@bretgreen5314
@bretgreen5314 Жыл бұрын
Lyn is the best. When was this interview though? The Federal Reserve reduced reserve requirement ratios to 0% effective on March 26, 2020. . .
@nuetrino
@nuetrino Жыл бұрын
Can't wait for the book. Thanks all
@tomasrothroth8605
@tomasrothroth8605 Жыл бұрын
thanks Lyn and Peter
@carlhiggins6677
@carlhiggins6677 Жыл бұрын
Fantastic. Can't wait for the book.
@OZcafehead
@OZcafehead Жыл бұрын
I nearly navigated away when I heard "Happy New Year".
@bernardgalactica
@bernardgalactica Жыл бұрын
Lynn is so next level.
@shakenbake6303
@shakenbake6303 Жыл бұрын
What awesome info! Looking forward to the book!!!
@Kupacolypse
@Kupacolypse Жыл бұрын
Love learning from Lyn!
@hallbrad
@hallbrad Жыл бұрын
Keep getting distracted by the CI Fishbeard surfboard in the background. 🏄 Best board I've owned...
@TheLKStar
@TheLKStar Жыл бұрын
I believe Lyn is a genius but I wish she would do a long explanation of lots of "ifs" for what to do with our money as retail investors. If the situation is X, it's good to do Y....
@kenknuppel3067
@kenknuppel3067 Жыл бұрын
"If you have a million dollars, where do you stick it?" Is maybe my favorite sentence now.
@rtjfamily
@rtjfamily Жыл бұрын
What timing of this episode being released, literally three days before it directly unfolded
@jonnes__4657
@jonnes__4657 Жыл бұрын
I need a good summary.... that was so much information from Lyn.☝️
@jimnichols5584
@jimnichols5584 Жыл бұрын
So much easy to understand info from Lyn every time. After this interview I’m trying to imagine the true benefit of holding bitcoin on the FED/Central Bank balance sheet if/when that ever happens.
@motopolak
@motopolak Жыл бұрын
For sure. If anyone finds out the Fed bought so much as a Satoshi to put on their balance sheet it’ll be a game changer. Hard to even imagine what would start occurring in the rest of the world in response.
@elchichi
@elchichi Жыл бұрын
Great analysis (and ASMR when these two get together lol) thanks
@SCOTT-ki3ve
@SCOTT-ki3ve Жыл бұрын
I can't wait for Ms.(Dr.?) Alden's book
@georgelevison3722
@georgelevison3722 Жыл бұрын
Another 10/10 from you guys 👍🏻
@JezebelIsHongry
@JezebelIsHongry Жыл бұрын
She is a national treasure
@AiHexBuilder
@AiHexBuilder Жыл бұрын
He not she.
@jules7091
@jules7091 Жыл бұрын
Lyn Alden is fantastic - but can anyone recommend anyone who can explain Canada's financial system in a similar manner?
@RiAirgead
@RiAirgead Жыл бұрын
If you find one let me know!
@elihuntersherman
@elihuntersherman Жыл бұрын
I can explain Canada's financial situation in three words: Canada is fucked!
@Joehtoo
@Joehtoo Жыл бұрын
Love Lyn!!
@heinzn6272
@heinzn6272 Жыл бұрын
Wow at this time of the SVB debacle this interview aged well! thanks
@Eamo-21
@Eamo-21 Жыл бұрын
Peter, where did you get that bull poster in your background?
@LorenzoGiovenali
@LorenzoGiovenali Жыл бұрын
Read the "Aldrich Plan" book from 1912: it describes the situation when all of this started.
@SavanaT
@SavanaT Жыл бұрын
Who wrote the software that keeps track of all the bank lending, fed lending, fed printing, bank interbank lending, money creation.... what super duper computer tracks all this?
@lukejones7366
@lukejones7366 Жыл бұрын
Hearts to Lyn Alden 💓
@georgetoth6768
@georgetoth6768 Жыл бұрын
Great web cast...need to re watch
@peteinthepocket9208
@peteinthepocket9208 Жыл бұрын
Omg what timing for this ep Pete lol
@joythought
@joythought Жыл бұрын
I would buy Lynn bonds. She such a treasure. Ok, that was bad but the interview was good. Some may take away that a sound money system could work. Nope. Otherwise so spot on.
@aliiisalama
@aliiisalama Жыл бұрын
This is all very true but it is a temporary phenomenon and they know it... In the long run, the opposite effect will happen. Once we get the drop in rates, the interest income will all be priced longer-term at current high rates, and then the rates on liabilities will drop, and they will make huge sums of income. They will stomach negative equity with some accounting tricks for some long term gain.
@darylcampbell3364
@darylcampbell3364 Жыл бұрын
Great information!
@dek2000utube
@dek2000utube Жыл бұрын
When I grow up I want to be like Lyn!
@mixpix
@mixpix Жыл бұрын
Perfect episode.
@RUDY1985T
@RUDY1985T Жыл бұрын
That was a good pod.
@angelmarauder5647
@angelmarauder5647 Жыл бұрын
The gold "certificates" could be revalued. Right now Gold is valued at $42.22 per oz gold. They could revalue their gold at any number at any point.
@eikoGoldstein
@eikoGoldstein Жыл бұрын
I would like to know how the repo market functions vis a vis the overnight interbank lending facility. Thank you
@PacificOutspread
@PacificOutspread Жыл бұрын
My opinion about Bitcoin reflects the one of Charlie Munger, but I like this channel for the macro input. Thanks! 🙂
@JoseValdez-tb9nf
@JoseValdez-tb9nf Жыл бұрын
"It's less I view it as good or bad and more I view it as inevitable" ... is the same answer that should have been given about ordinals
@motopolak
@motopolak Жыл бұрын
I feel like this is essentially what Junseth said in the last interview (live hangout at Pub Key or whatever it’s called)
@mynameis5427
@mynameis5427 Жыл бұрын
The only way to effectively transcend inflation/deflation cycles is through the production of new and useful asset classes. These provide a stable point by which the "money" can actually exist.
@adamcar9376
@adamcar9376 Жыл бұрын
She’s SO good !
@blockontherock69
@blockontherock69 Жыл бұрын
Great guest!.
@01058sr
@01058sr Жыл бұрын
Great episode! You need to edit out your breathing though, it was pretty distracting when Lyn was talking 😬
@kingdang855
@kingdang855 Жыл бұрын
Great content
@JonFrumTheFirst
@JonFrumTheFirst Жыл бұрын
I had no idea this was happening until Lyn told me.
@williamlu7413
@williamlu7413 Жыл бұрын
And that just happened with SVB that’s insane
@usercos187
@usercos187 Жыл бұрын
what Lynn describes at 59m is exactly what happened with anchor / terra ust....
@thimmug5553
@thimmug5553 Жыл бұрын
Wow amazing... speechless
@angusf8414
@angusf8414 Жыл бұрын
The crazy thing is, Lyn is postulating these starting this year, and then NOW, we see the first crash, the default of Silicon Valley Bank...It will not be the last one, the whole system is collapsing from bottom to top.
@lahawtho
@lahawtho Жыл бұрын
When the debt is high at the federal reserve why does that result in inflation? Because more bonds are issued and swapped for bank reserves that feed into the commercial banking system. And then they fractionally lends off of that? It’s not clear to me with specific examples how a federal reserve deficit will continually be creating inflation?
@crazyprayingmantis5596
@crazyprayingmantis5596 Жыл бұрын
So what individuals benefit from this? We're always talking about the federal reserve, government, treasury, banks etc But what people are actually getting their pockets filled?
@TerrysTwigReviews
@TerrysTwigReviews Жыл бұрын
Lyn is best.
@robertorivera791
@robertorivera791 Жыл бұрын
Amazing almost everyone in the country knows Cardi B - But so Few Know the name LYN ALDEN - Amazing the world we live in.
@crazyprayingmantis5596
@crazyprayingmantis5596 Жыл бұрын
Is that the one you wear when Cardi A is in the wash?
@westra4
@westra4 Жыл бұрын
Super useful info.
@monkswhiskers3354
@monkswhiskers3354 Жыл бұрын
Lyn rules!
@MarkCicero
@MarkCicero Жыл бұрын
Erie that this was recording pre-svb failure.
@Garce227
@Garce227 Жыл бұрын
Merveilleuse 🎉
@brianarsenault8882
@brianarsenault8882 Жыл бұрын
People say Bitcoin is hard to understand 😝 the fiat game hurts my head
@bujin5455
@bujin5455 Жыл бұрын
45:30. I don't know that it's as long term as people think. Sure, the insolvency can threaten Fed independence, but the raising interest rates, pushing the Gov toward insolvency is likely to do that FAR FAR FAR faster. The spend happy Gov is not going to put up with high interest rates for long.
@fareshajjar1208
@fareshajjar1208 Жыл бұрын
$100 billion not sent to Ukraine is $100 billion earned.
@philipgeary2132
@philipgeary2132 Жыл бұрын
I just came to the conclusion that I love Lyn Alden.
@georgemcnaughton7839
@georgemcnaughton7839 Жыл бұрын
Hello Thank you
@jp34604
@jp34604 Жыл бұрын
Incredibly terrifying on so many levels
@germancastillo8685
@germancastillo8685 Жыл бұрын
"It depends on what happens with trust on the system": 55:24
@benetaue
@benetaue Жыл бұрын
When the Fed owns everything is the reset complete?
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