Lyn Alden: The Collapse Is Here, Nothing Stops This Train

<p>Help support the channel by checking out our amazing sponsors: https://www.joincrowdhealth.com/proof and https://mangrove.ai⚡ CrowdHealth is a peer to peer healthcare platform that removes insurance middlemen and aligns incentives through community driven incentives. Listeners of Proof of Thought can try it for $99 per month for the first three months at joincrowdhealth.com/proof.⚡ Mangrove is a non custodial automated trading platform for digital assets. The platform allows you to easily build and deploy trading bots with built in guardrails and safety stops. Visit Mangrove.ai to access their developer tools or join the waitlist. Early adopters get 2 months free.</p><p>⭐️ Follow Lyn</p><p>X: https://x.com/LynAldenContact</p><p>Website: https://www.lynalden.com/</p><p><br></p><p>Today&#39;s conversation is with Lyn Alden, founder of Lyn Alden Investment Strategy and author of the bestselling book Broken Money.</p><p>Lyn shares her framework for understanding why the current monetary system is broken, drawing on the historical parallels between the economic cycles of the 1920s-1940s and today.</p><p>In this episode, she breaks down how debt bubbles form and collapse, why the transition from private to public sector debt is inherently inflationary, and why she believes continued currency debasement is now the likely path forward for the United States and much of the developed world.</p><p>Lyn explains why the Fed&#39;s inflation targeting works against everyday workers/savers, how scarce assets have historically been the only shelter from debasement, and why Bitcoin represents something new.</p><p><br></p><p>Timestamps:</p><p>0:00 If the 2020s is like the 1940s, what can we expect in the 2030s?</p><p>5:50 #ads</p><p>7:52 Are we heading towards continued debasement?</p><p>9:14 Why you should be concerned there&#39;s 325x more broad money per person</p><p>12:53 Price deflation is good; here&#39;s why</p><p>19:08 Current policy encourages consumption, how should we avoid this?</p><p>22:57 Central banks are controlling gold&#39;s price</p><p>28:04 U.S. asset freezes are killing treasuries</p><p>30:40 Why don&#39;t other countries just hold neutral assets to avoid freezes?</p><p>34:59 Will bitcoin become the world&#39;s reserve currency? How can it do so?</p><p>39:14 The current dollar systems is destined to fail</p><p>41:42 Have we irreversibly given up control of money to banks?</p><p>45:57 The modern system is designed for banks (like SVB) to fail</p><p>50: