Episode notes
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
- 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.
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