It’s Happening. A Complete System FAILURE. Lyn Alden Crypto

It’s Happening. A Complete System FAILURE. Lyn Alden Crypto Bitcoin News Bitcoin Crash Crypto News

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The financial system has all of the traits of an unstable system in the sense that for decades and decades you have Hello, everyone. Today, our guest is Lynn Eldon claims that the economy is in the deep mess, and she predicts some key changes. If you’re as excited about exploring the fascinating

World of cryptocurrencies as we are, hit that subscribe button now, don’t miss out on our insightful discussions, market updates, and Game Changing insights that could potentially shape your financial future. Remember to give us a thumbs up if you find our content valuable. Your support fuels our

Passion to keep delivering top notch videos. And hey, why not spread the knowledge? Share our videos with your crypto curious friends, family and fellow enthusiasts. A lot of people have been saying on stage this week, the Fed now as a cbdc, is it

It doesn’t meet the kind of strict definition of a cbdc. But it increases their surveillance capabilities on transaction. So they’re certainly cbdc Like aspects. They certainly if there’s a spectrum there, it’s another step closer to cbdc. But it’s different than a full blown cbdc. You studied money, you’ve obviously read this fantastic

Book, how much correlation? Have you seen between what is breaking in the financial system, and the increase in control and kind of weird kind of decisions that are coming from central government? I think there’s a big correlation. And I think there’s also arguably an even bigger correlation in the political

Polarization that happens because people start to feel that something’s broken. But then they can’t Nestle put the finger on what’s broken, in part because the way the system design, it’s very opaque, right? People don’t, the average person doesn’t know what the money supply growth rate is. So they

Don’t know why things maybe getting more expensive than their wages are keeping up with. They see the wealth concentration happening, but then they different why that’s happening, right. So some of the things are more transparent, like different state tax rates. And of course, they can be

Obfuscated by having it so that you can have all these complicated tax ways to say not pay significant taxes, if you’re if you’re wealthy enough, for example. So there’s like, somewhat transparent things there. But then, for example, they don’t see like the differing kind of rates of

Credit that can be made available to different entities, and how that can suck, kind of value up to the well connected. And so all this kind of steps along the way, there’s so many opaque things that are happening with the money system, that fuels some of the big political issues, that then polarizes

People. And then they end up kind of talking about the same sort of thing, but in very different language, and very different understandings of why this is happening, or how to fix it. Because the the plumbing underneath is complex, it’s opaque. And, you know, it’s just unless you study money, and even

If you study money, it’s hard to figure out. And these complexities, essentially a political, it doesn’t really matter who’s in power, the same things tend to happen, generally speaking, I mean, there’s different flavors. But in terms of the the money system, you don’t see a lot of

Change from party to party. In that sense. They tend to err in certain directions, but really the especially in the US, but also just elsewhere, the the mechanism itself is just kind of perpetuating. So you can make minor changes to that based on

How you vote. But the but the actual structure is going to be different. I think the politics kind of seems to matter more for the social realm, whereas the financial realm is like a almost like a system. And that system is locked in and that system changes very slowly.

And so is the social realm really becoming a distraction to the financial realm? And that’s a question really, for both of you. Because I feel like it is some people would argue that that’s intentional, that basically those that don’t want, as us focused on the money,

Divide people to focus on other things, it’s hard to say how much that is well crafted. But for, for example, we see in some kind of campaign to stir political chaos, like when Russia would do it, they would purposely make all the different

Groups, and they don’t really care about any of these views. What they’re trying to do is sow chaos. But I think you can also have that domestically as well. You can you can kind of distract a group to kind of align with you against another thing, even

If they’re aligning against their own interests. What do I phrase it right now is that we’re kind of seeing the failure of incremental ism. So a lot of people the way they they engage politics, I think, if we just get like our person in charge,

We can start turning this around. And that person, either well intentioned or not, gets eaten by the machine. And the machine just keeps going. And then people say, Well, if only get the next person in charge, we can turn this around. And so

All these kind of like small measures are just going against basically the Borg of the bureaucracy of the system as things are designed. And historically You tend to see kind of like things go on and on and on. And then a gigantic trend change. And that’s when it really matters what the culture

Of the society is, because that’s when you can get either very virtuous outcomes or horrific outcomes. And the way I would describe it is that when you look at, like, I approach financial systems in the way that I approach systems engineering, like as I’m analyzing a complex system,

Because that’s what we’re doing. And there’s stable systems and unstable systems, or marginally stable systems, and the financial system has all of the traits of an unstable system in the sense that for decades and decades, you have a rising debt percentage of GDP, falling interest rates, which allows you

To pay for those rising debts, even though you’re getting rising debts, basically, the interest expense is not rising. And then when you have a gigantic debt bubble, when you hit zero rates, and you start going sideways to up in interest rates, while you still have that very large public debt burden,

That’s when a lot of the things that keep getting there, you know, kick the can down the road over and over again, that’s when it starts to materialize in the present. And that’s when you look around and wonder like, why is none of this working anymore?

Why is this? You know, why is this getting increasingly bad? It’s because we’ve kind of extended the system as far as I can go out of bullets. Yeah, we’re out of bullets. And now we’re kind of dealing with the consequences of a system that

Always you know, for the past, say four plus decades or more, was always unstable. But that could be delayed deferred, push onto someone else, often into the developing world, kind of push that. But now a lot of these things are starting to hit in the present. So we’re there right now?

Yeah, I think we’ve been there really, since the global financial crisis, I think this is, um, I think this is a multi step process. That’s one thing I’ve covered my work is it basically, these things historically, at least with the data we have, and logically tend to go in two phases, you have

Kind of the private debt bubble blows up. And then the response almost inevitably, not every time but almost inevitably, is push that onto the public level. So you build up the system, you bring all that debt, or a lot of the debt out of the public

Level, some some part of the Private Sector D leverage, and then the public debts, part keeps building. And then the second hit is when the public debt bubble starts to have a problem. I think that’s that’s the phase that we’re in now. And that’s still a multi year process playing out.

Other examples where this has played out before, are we in a very unique situation in that this is total, truly global, I don’t know. 2008 was a global crisis. But it that kind of doesn’t feel like such a bad situation anymore. I mean, the

US printed 500 billion in the last two weeks and was 100 billion bailout for 2008. So it feels like we’re in a very extreme scenario, I would say, one is that the more connected the world is, the more it’s gonna be a worldwide issue versus local issues. You

Know, people that have seen the podcast before probably know that I often compare the 2010s, the 1930s, and the 2020s, to the 1940s. So there are a lot of elements back then, what’s what’s new this time is that most of these kind of long term

Debt cycle or institutional cleansing cycle, things that we go through for turning whatever you want to call it. Usually, there’s a changeover in the type of money we use, you go from, say, free banking to central banking, with a gold underlay, then you go to another central banking model, we don’t even

Have a gold underlay anymore. And what we’ve never done before is going through one of these cycles when we were fiat currency going into it. So what comes out, right? We’ve never gone in this gigantic fiat currency global cycle, have a whole sovereign debt crisis on a global scale, and then see

What’s on the other side of that that’s new. And some people listening. I mean, it was Bitcoin, but I don’t think we’re there yet. There. Yeah. I mean, there’s no precise way to tell what the tipping point is. But in when high inflation becomes hyperinflation, that’s usually the moment in which the crisis

Of confidence really spreads beyond, you know, the small circle of people who, you know, may have been sounding the alarm about it all along. You know, I’m, I’m reminded of Weimar Germany, when, you know, there was, there was high inflation, after they went off the gold standard in 1914. But

Hyperinflation didn’t really hit until the end of 1922 23. And that was the point at which, you know, farmers stopped accepting the Reichsmark, in compensation for their labor and the country was put on the verge of starvation. And so it’s that collapse, when, you know, I was alluding to the state Theory of

Money earlier, money as law or the thing that is decreed by the state as legal tender when people just stop accepting it. That’s the point at which there’s crisis. And I would add that it’s not even just hyperinflation that can do it. It’s the perception of the loss of control, right.

And so for exam Well, there are a lot of developing countries today where they’re not in, say outright hyperinflation, they might just have double digit inflation on a recurring regular basis. It’s like a background part of life. And there’s no expectation that they’re going to get it under control. And

That’s, that’s kind of the world that’s historically developing market phenomenon. And you can get that kind of situation in developed world, if this is left unchecked, I think that’s kind of on the train we’re going for is that you can call for kind of

A central bank losing control, in the sense that there’s there becomes no clear way where they can get it back down to their, you know, their kind of prior baseline of money supply growth and price level changes and things like that, where there’s

Too much public debt for them to tighten the way they want to. And then the challenge is that when you have a lot of public debt, interest rates start losing their effect, they become more complicated tools to try to slow down inflation, compared to

When you’d have lower public debt levels and higher private debt levels. And so when I get questions about hyperinflation stuff, I kind of put that aside, and I say, we don’t have to be there for this to be a problem. Like, if you look at right now,

The market still generally thinks the Fed can get the current situation under control. And maybe for a few years, they can, right, it’s, you know, you can cyclically get it under control, potentially. So right now, whenever you see kind of a higher inflation print than expected, you’ll see the dollar

Strengthen, and you’ll see other you know, because they say, well, now the Feds got to get even tighter, right? Because they’re gonna get this right. And so that’s the current kind of market reaction valve this is going and when you go through the looking glass is when the market realizes they actually

Don’t have control. And we’re not there yet, but I think we’re on this kind of either multi month, they’re probably more or less realistically multi year process of getting to that point. Thank you for watching the interview highlights of lane Alton. If you enjoy this highlight video, please kindly

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