WBD Live in Miami - The Money Printing Debate with Jeff Snider and Lyn Alden - WBD669
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 10 June 2023
⏱️ 80 minutes
🧾️ Download transcript
Summary
Jeff Snider is Head of Global Research at Atlas Financial Advisors and Lyn Alden is a macroeconomist and investment strategist. In this interview, they debate whether QE is money printing, if the Treasury market broke in early 2020, dollar shortages, whether there's an ideal form of money, the importance of Bitcoin, and the problems with central and commercial banks.
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Lyn Alden and Jeff Snyder are two of the popular economic experts in the Bitcoin space at the moment. They bring much-needed clarity to discussions on economic and financial systems that are lacking in mainstream media. They do, however, disagree on some fundamental issues. This show is a fascinating discourse between two heavyweights who are at the top of their game.
The discussion starts with a debate on the mechanics and implications of quantitative easing (QE), and the role of central banks and commercial banks in money circulation. Lyn and Jeff explore whether QE constitutes money printing, the impact of fiscal deficits on inflation, and the liquidity problems in the treasury market.
The discussion then focuses on the emergence and acceptance of different currencies in the global market (including Bitcoin), the role of central banks, the importance of a currency's availability and infrastructure in its acceptance, and the challenges of achieving a self-contained monetary system without central banks or authorities.
Lyn and Jeff cover the relationship between debt and economic growth, the concept of a "bail-in," and the need for a sensical monetary structure with the right rules and parameters. They also consider whether there is an ideal money, or, whether the monetary system needs to be dynamic such that it can evolve and adapt to a changing world where new demands arise.
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Transcript
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| 0:00.0 | The Eurodollar system is total bullshit, but the reason we need to focus still on that is because you need to know your enemy. |
| 0:08.0 | You need to know who is going to resist changing a structural monetary framework. |
| 0:14.4 | And the Eurodollar is not central banks. |
| 0:16.4 | It's the large cartel of banks. |
| 0:19.8 | And they're the ones that are the most vocal critics nowadays of |
| 0:22.8 | cryptocurrency and digital currencies in Bitcoin. They're going to fight tooth |
| 0:26.6 | the nail to preserve their own monetary privilege. |
| 0:30.3 | Hello there from Prague, how are you all? I'm here at BTC Prague it's been an amazing event |
| 0:35.0 | congratulations to the host I've done an amazing job also if you haven't checked it out |
| 0:38.8 | we haven't seen it up on Twitter I tweeted about it go and check out Samantha |
| 0:42.1 | the Wall's presentation She's 12 years old. She came |
| 0:45.6 | on after Saylor and she absolutely crushed it. She did a whole presentation on kids and |
| 0:49.2 | Bitcoin. Definitely go check that out. Anyway, welcome to the What Bitcoin did podcast, which is brought to you by Iris Energy, the largest |
| 0:55.4 | NASDAQ listed Bitcoin miner using 100% renewable energy. I'm your host Peter McCormack, |
| 1:00.1 | and today I've got a banger for you. I've got the second part of our Miami Live event with Lynn Orden and Jeff Snyder. |
| 1:06.5 | Now this is a show people have been asking me and Danny to make for ages. You both know Lynn, you both know Jeff, you both love them. So after Jeff came on the show people were saying look you've got to get Jeff and Lynn in a room together you've got to get them to hash it out |
| 1:19.0 | Got to talk about how QE works in inflation, the money print etc. |
| 1:23.6 | And so the first chance we have was when we're in Miami for the Bitcoin event and so we put on a live |
| 1:28.2 | event, we got them down and they did, they hatched it out. |
| 1:30.8 | Now I'm not gonna lie, I obviously got a little bit lost in this from time to time, |
| 1:34.6 | but listening to them, go back and forth was great. I'll be interested to hear your feedback. |
| 1:38.7 | Are you all super smart? Did you all follow everything or were you like me? Did you get a little bit lost it sometimes with this let me know I'm definitely going to be listening back to this one also we've got another live event coming up in Sydney Australia in September on September 9th tickets Tickets are available at what Bitcoin did. |
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