TIP574: Broken Money 1/2 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 September 2023

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Stig Brodersen and Preston Pysh talk with Lyn Alden about her new book, Broken Money. In this first part episode of two, you’ll quickly hear why Stig and Preston think Broken Money is one of the best books they read in 2023. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:50 - Why the current monetary system is broken 08:02 - What commodity money is and why it’s relevant to understand today 28:33 - Why the fractional banking reserve system is like a game of musical chairs 47:36 - How important the strength of the US military is for backing the US dollar 51:17 - How debasement of currencies can fund wars 1:01:31 - The role fiat currencies have played in wars 1:06:02 - How do wealthy countries push inflation and volatility to emerging countries? Disclaimer: Slight discrepancies in the timestamps 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. Lyn Alden’s book, Broken Money – Read reviews here Listen to our interview with Lyn Alden about How the Fed Went Broke, or watch the video. Tune into our interview with Lyn Alden about Macro and the energy market, or watch the video. Listen to our interview with Lyn Alden about Money or watch the video. Tune into our interview with Lyn Alden about Gold and Commodities, or watch the video. Lyn Alden's free website Lyn Alden's premium newsletter Listen to our interview with Alex Gladstein about issues with fiat currencies, or watch the video. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Sun Life SimpleMining The Bitcoin Way Onramp Briggs & Riley Public Shopify Meyka Fundrise AT&T iFlex Stretch Studios 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're listening to TIP.
0:03.2	Preston and I are joined by Fain, favorite Lynn Alden on today's episode.
0:07.5	Preston and I have read hundreds of books since we started TAP in 2014, but few books stand
0:12.2	out like Lynn's new book, Broken Money.
0:15.3	In this episode, we're exploring the history of money and how we got to where we are today.
0:19.6	We're analyzing why the current monetary system is broken and the surprising wide-ranging
0:23.9	lubrications from everything from our daily lives to geopolitical tensions.
0:28.8	This is all really one of my favorite episodes we've ever recorded.
0:32.0	So without further ado, here's our conversation with the Always Insightful Lynn Alden.
0:38.3	You are listening to the Investors Podcast where we study the financial markets and read
0:46.6	the books that influence self-made billionaires the most.
0:49.7	We keep you informed and prepared for the unexpected.
1:02.0	Welcome to the Investors Podcast.
1:04.2	I'm your host, Dave Brodersen, and I'm in good company here today.
1:07.5	I'm here alongside my co-host, Preston Piss, and then Lynn Alden.
1:12.2	How is today Lynn and Preston?
1:14.0	Well, thank you.
1:15.8	I'm really well.
1:16.8	I'm excited to plough through this.
1:19.4	I should say that the episode you're listening to now, it's the first part of a two-part
1:24.0	series.
1:25.0	So this episode goes out Saturday night, September 2nd, and it will focus on money, banking,
	...

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