TIP462: What is money? w/ Lyn Alden

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 3 July 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 01:11 - What is the cause and effects of falling empires and debasement of currencies. 11:09 - Why the hardest money does not always win. 17:08 - The problem with commodity money. 24:21 - The relationship between fiat currencies and warfare. 30:49 - What the Tiffin dilemma is, and how it’s relevant today. 37:52 - Why Japan's macro situation is distinctly different than what will happen in the US and Europe in the years to come. 46:07 - Why the Bank of Japan can’t forgive the debt to the government. 59:24 - What history can teach us about the performance of stocks, bonds, gold, and oil in times of inflation. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Our interview with Lyn Alden about Gold and Commodities. Our interview with Lyn Alden about Global Investment Opportunities. Lyn Alden's free website. Lyn Alden's premium newsletter Lyn Alden’s blog post, What is Money, Anyway. Our interview with Alex Gladstein, the author of Check your Financial Privilege. Our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Check out our favorite Apps and Services. New to the show? Check out our We Study Billionaires Starter Packs. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You are listening to TIP.
0:03.0	On today's episode, I invited one of our favorite guests, Lin Alden, back on our podcast.
0:07.6	We started out talking about what money really is and transition into a discussion of how
0:11.8	to imply the takeaways for portfolios.
0:14.9	As you will soon learn, Lin Alden is such a wealth of knowledge.
0:18.3	You will learn about the role of money all the way back from the ancient Greek democracies
0:22.6	up to the beat money in Africa to back a currency in the colonial period up to today's
0:27.6	modern monetary system.
0:29.8	I hope you enjoy this conversation as much as I did.
0:32.8	Let's jump to it.
0:34.8	You are listening to the Investors Podcast.
0:40.7	Where we study the financial markets and read the books that influence self-made billionaires
0:45.0	the most.
0:46.0	We keep you informed and prepared for the unexpected.
0:58.5	Welcome to the Investors Podcast.
1:00.0	I'm your host, Dick Brodison and dear listener, we are in good company today.
1:04.7	With us, we have the one and only Lin Alden.
1:07.8	Lin, welcome back on the show.
1:09.6	Let me try to be back.
1:11.2	To kick this episode off, perhaps you can tell the story of the ancient Greek democracy
1:16.5	in 6th century BC that used patchal jubilee as a solution to avoid a catastrophic class
1:23.4	conflict and how that relates to where we are in the death cycle today.
	...

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