48 - Death of Dollar Dominance | Lyn Alden

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Technology, News, Tech News

4.7 • 1.2K Ratings

🗓️ 18 January 2021

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

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48 - Death of Dollar Dominance | Lyn Alden

Lyn Alden of Lyn Alden Investment Strategy has quickly risen to fame in the Bitcoin universe for her sharp analysis on long-term macro trends and brings plenty of data to back up her analysis.

She’s one of our favorite macro and economics minds. Global macro events have such a strong interplay with crypto. In order to understand crypto, we need to understand the big picture

We ask Lyn about the changes forces around the US Dollar, as demand and supply of the Dollar is less understood and less stable than ever before.

We also ask Lyn about the relationship between the position of the U.S. Dollar as the world reserve currency, and the social unrest found inside the U.S. borders. It turns out, that the U.S. Dollar as the world reserve currency is not the best situation for those that reside inside the country!

We bring up Ray Dalio's Long Term Debt Cycles mental model, and ask Lyn to connect it to the Fourth Turning Theory, in an attempt to discover some of the hidden forces behind the social unrest found in America.

Fourth Turning Theory:
https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory

Highly recommended Lyn Alden piece on the Future of the Dollar
https://www.lynalden.com/fraying-petrodollar-system/

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Transcript

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0:00.0	Welcome to Bankless, where we explore the front-tiered internet money and internet finance.
0:19.3	This is how to get started, how to get better, and how to front-run the opportunity.
0:23.6	This is Ryan Sean Adams, I'm here with David Hoffman and we're here to help you become
0:28.1	more bankless.
0:29.1	David, this was a fantastic episode with Lynn Alden.
0:34.1	What were your takeaways?
0:35.1	Yeah, Lynn Alden is just been the rising star, I would say, of the second half of 2019
0:41.4	and definitely going strong into 2020.
0:44.6	She said she got notoriety when she started talking positively about Bitcoin on macro
0:51.5	podcasts and that the feedback she would get when she would talk about Bitcoin and
0:55.7	macro podcasts was way stronger than the typical feedback.
0:58.8	As you would imagine, Bitcoiners tend to be like that.
1:01.4	She has just gone around the gamut with just producing content that is very macro-focused,
1:07.2	using Bitcoin as a frame and positioning Bitcoin into the macro context.
1:12.5	We actually got her attention when we were talking to her about, she had some questions
1:17.7	about Ethereum and how nodes work and centralization questions, the typical questions that you
1:22.9	get if you find yourself inside of Bitcoin circles and that conversation led to this conversation
1:29.0	here on the bankless podcast.
1:30.6	We do touch on that subject at the very end, but something that we have in common on the
1:35.1	bankless podcast with Lynn Alden is discussions about the concept of the fourth turning or
1:41.0	peoples and societies just perception shifts or some sort of crisis event where people
1:45.9	choose to just perceive value elsewhere and access order in the world from somewhere else
	...

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