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The Peter McCormack Show

#161 - Lyn Alden - The Inevitable Collapse of The Financial System

The Peter McCormack Show

Peter McCormack

Power, Politics, Government, Markets, News, Society & Culture, Technology, Society, Inflation, Finance, Bitcoin, Economics, Money

4.72.8K Ratings

🗓️ 31 March 2026

⏱️ 86 minutes

🧾️ Download transcript

Summary

Why does everything feel more expensive even when the economy is supposedly "growing"? The truth is, the financial system isn't broken - it's functioning exactly as it was designed to

In this episode, macroeconomist and author Lyn Alden joins the show to discuss the mechanical reality of the fiat ledger and the global debt trap.

We explore how the system forces a silent extraction of wealth from the working class to subsidise sovereign debt, why we are re-entering a 1940s-style era of financial repression, and how corporations (like Coca-Cola) use debt to actively "short" the currency you are forced to save in.

We also discuss the hidden math behind the cost-of-living crisis, why the system must "grow or die," and how to protect your wealth.

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TIMESTAMPS: 00:00:00 – Slow Financial Collapse 00:02:00 – How Money Actually Works 00:07:30 – End of Gold System 00:12:30 – Why Life Feels Harder 00:18:20 – The Debt Trap 00:26:00 – Who Really Wins 00:34:00 – Why System Persists 00:41:00 – Crisis & Bailouts 00:48:30 – System "Resembles Theft" 00:59:20 – Default Explained 01:10:30 – Bitcoin & Alternatives

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CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – me@petermccormack.com › Instagram – /mccormack555 › X/Twitter – https://x.com/petermccormack/

CONNECT WITH LYN ALDEN › Website – https://www.lynalden.com/ › Twitter – https://x.com/LynAldenContact

SPONSORS › IREN - https://www.iren.com/ › Saily - https://saily.com/peter › Ledger - https://www.ledger.com/ › Monetary Metals - https://www.Monetary-Metals.com/McCormack

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LISTEN / SUBSCRIBE › Apple Podcasts: https://apple.co/40ruY9K › Spotify: https://spoti.fi/3Wc94Vu › Fountain: https://bit.ly/FountainPM › YouTube: https://bit.ly/YouTube_PM › Rumble: https://bit.ly/RumblePM

FILMED BY CURTIS TAYLOR › https://www.curttaylor.co.uk/https://x.com/curttayloruk/

EDITED BY CONOR MCCORMACK › https://x.com/ConorM04

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Transcript

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0:00.0

Do you believe we're living through a slow financial collapse that the majority of people don't even recognize is happening?

0:06.0

I do, yeah. And people kind of look around and say, why does it seem like everything is more expensive?

0:11.0

I'm still earning money, but it just doesn't feel like it goes as far.

0:15.0

And a lot of times they're right. Every currency system in the world has to grow or die, at least the way they're currently designed.

0:22.1

People feel it not just through taxes, but then through their wages getting debased and

0:27.3

their savings, if they're holding currency and bonds getting debased.

0:30.9

And you kind of keep adding new layers to the system until by the end, it resembles theft. The best product Coca-Cola ever sold was their bonds,

0:41.9

not their coat. And what they're basically doing is they're shorting the currency. You know,

0:45.9

they're really shorting the thing that you're holding your bank account and that you're saving in.

0:51.2

Governments are shorting it. wealth individuals are shorting it.

0:55.0

The system is based on having people hold the currency in the bonds while other people are literally

1:01.0

shorting it.

1:02.0

And the least able to short it are erroneically those at the bottom of the income stack.

1:07.0

So they're kind of getting the full damage of the inflation.

1:10.0

So they're socializing the debt that the private sector has built up onto the public to protect the private sector to keep the economy going.

1:21.6

Take the risk away and lock in all the gains you've had and socialize the losses.

1:28.3

Once you get to the part where there's this much debt on the sovereign ledger,

1:31.6

there's really no way out of it other than they're going to default.

1:37.8

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1:43.4

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1:45.2

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1:50.9

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