Macroeconomist and Investment Strategist Lyn Alden joins me to discuss the IMF paper titled, "The Liquidation of Government Debt". We talk about the many ways governments use coercion and financial repression to liquidate their debts onto productive market actors. We also discuss why gold failed as money and how Bitcoin could change institutional structures worldwide.
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GUEST
Lyn's Twitter: https://twitter.com/LynAldenContact
"The Liquidation of Government Debt" Paper: https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Liquidation-of-Government-Debt-42610
PODCAST
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Transcript:
Outline
00:00:00 “What is Money” Intro
00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:37 Introducing Lyn & Discussing "The Liquidation of Government Debt"
00:12:13 Options to get out of the Debt to GDP Bubble
00:18:28 Governments ability to Discharge the Debt Burden onto Others
00:27:28 Coercion & Trickery of Financial Repression
00:37:40 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine
00:38:25 Take Control of Your Healthcare with CrowdHealth
00:39:35 Differences between "Liquidation Tax" & "Financial Repression Tax"
00:46:35 Technological Advancements & Bitcoin Fixing the Government Misallocation of Capital
00:54:43 Explaining the "Financial Repression Tax"
00:59:08 Integrity of the Money Supply Reflects the Integrity of the Community
01:02:52 Technological Shortcomings on why Gold can't be Money
01:09:43 Could Bitcoin's Success impact Governmental Power Structures?
01:18:44 "What is Money" Outro
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