This week on Upstream, we’re sharing Erik Torenberg’s 2024 interview with Lyn Alden. Lyn discusses her book 'Broken Money', the impact of the global reserve currency, inflation, interest rates, and provides advice for navigating an uncertain economic future.
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LINKS:
Broken Money: https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG8985FR
Lyn’s website: https://www.lynalden.com/
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X / TWITTER:
@LynAldenContact
@eriktorenberg
@turpentinemedia
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TIMESTAMPS:
(00:00) Intro
(00:26) Why write 'Broken Money'?
(02:49) Academic arguments on money
(05:15) The role of technology in money
(08:15) Global monetary orders and technological impact
(13:13) Future predictions for money and technology
(13:53) Monopoly breaking and global competition
(18:43) Sponsor: Oracle
(19:54) Impact of global reserve currency
(27:45) Selling appreciating assets for depreciating goods
(28:05) Shift in global asset ownership
(29:03) Foreign central banks and gold reserves
(29:36) China's Belt and Road Initiative
(29:59) Impact of Russia-Ukraine conflict on global trade
(31:28) Reshoring challenges in the US
(32:16) Labor shortages in US manufacturing
(33:11) Sponsor: Squad
(34:20) Inflating away national debt
(35:19) Interest rates and inflation
(36:54) Impact of interest rates on tech valuations
(40:05) Challenges of curbing inflation with interest rates
(43:07) Technological growth vs. money supply growth
(47:32) Implications of national debt
(52:14) Technological disruption and government response
(57:01) Wrap