“Nothing Stops This Train” | Lyn Alden on Fiscal Dominance
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 13 May 2024
⏱️ 94 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-lyn-alden-interview
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Bankless listener, if you want to survive this decade as an investor, as a market participant or even just as a citizen, you have to tune in to this episode with author and investor, Lyn Alden.
We’re entering a new era. “Nothing Stops this Train” as Lyn would say. We’ve entered the Era of Fiscal Dominance.
- What era is this?
- Who will be the winners and losers?
- What about capital controls?
- How can you prepare?
- How will Crypto perform?
We get into all this and much more in what is a must-listen Fiscal Dominance Masterclass.
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TIMESTAMPS
0:00 Intro
5:25 Nothing Stops This Train
15:15 Fiscal Dominance vs Monetary Dominance
34:23 A World of Fiscal Dominance
46:39 Federal Reserve Role
50:34 Fiscal Dominance Indicators
1:08:06 Winners & Losers
1:18:29 Living in a Fiscal Dominance Era
1:24:16 Capital Controls
1:33:06 Federal Reserve Signals
1:36:14 How to Prepare
1:40:19 How Will Crypto Perform?
1:42:52 Closing & Disclaimers
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RESOURCES
Lyn Alden
https://twitter.com/LynAldenContact
Lyn Alden Newsletter
https://www.lynalden.com/
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What these technologies do is they allow people more freedom of choice in whatever country they're in they're able to go outside of their borders and get assets or get monies that they can't get just purely internally |
| 0:12.2 | Basically the biggest tool we have against basically a complete kind of replay |
| 0:16.4 | a prior fiscal dominance periods or the effectiveness of capital controls and I think it's worth |
| 0:20.8 | defending. Welcome to Bankless, where we explore the frontier of fiscal dominance. |
| 0:32.0 | This is Ryan Sean Adams. I'm here with David Hoffman and we the frontier of fiscal dominance. |
| 0:32.7 | This is Ryan Sean Adams. |
| 0:33.6 | I'm here with David Hoffman, |
| 0:34.7 | and we're here to help you become more bankless. |
| 0:38.6 | Bankless listener, if you want to survive this decade, |
| 0:41.3 | as an investor, as a market participant, maybe even just as a citizen, whatever |
| 0:45.2 | jurisdiction you're in, you can't draw on the last 40 years of financial history. |
| 0:50.3 | That is the lesson today. |
| 0:51.5 | We have entered something different. Lynn Alden calls this fiscal dominance. |
| 0:55.5 | David and I think this is absolutely key to understanding both crypto and the new world we've entered. |
| 1:00.8 | A few topics we get into today. Number one, this new era of |
| 1:03.6 | fiscal dominance. Why is it inevitable? Number two, central bankers and fed |
| 1:08.0 | interest rates. Do they even matter anymore? Number three, how this world of |
| 1:12.2 | fiscal dominance will feel, what assets to |
| 1:14.4 | hold, what assets not to hold. And number four, how will crypto fare in this new |
| 1:18.5 | era? What about capital controls? Are they coming to take your crypto? |
| 1:22.0 | We check in with Lynn every now and then just to get an update on the macro world, what's going on out there, |
| 1:27.0 | and if you pay attention to Lynn's Twitter timeline, you will have noticed just a reoccurring meme show up on her Twitter timeline called |
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