Video link: https://www.youtube.com/watch?v=LT96QsadYtw&t=168s
Video Title: Our Financial Predicament From a Systems Perspective with Lyn Alden | TGS 188
Topics discussed:
- FISCAL DOMINANCE – when public debt to GDP is over 100% and there are no ways to get out of this shit in next 5-10 years; even if central banks print money, they blow a bigger deficit than the reduction of bank lending due to raised interest rates; so total credit is still growing
In particular for USA, the total volume or public debt is higher than that of the private debt.
2. CAUSES of 30’s DEPRESSION and similarities with today’s situation.
3. AUSTRIAN ECONOMICS, Keynes and MMT – short presentation. Keynes sucks! MMT is Keynes on steroids. Why does Lyn thinks current system is still linked to gold (around min 25).
4. DEMOGRAPHY contributes to FISCAL DOMINANCE
5. OIL PREDICTION: ppl will need oil, but poverty will push prices down.
6. CRYPTO: BTC good, ALTS bad. Lyn talked to BTC coders. Stable coins are practically offshore bank accounts. Most use us cross-border transfer.
7. BTC will get to 2% of total assets: either price raise, either crash of the rest
8. OTHER TOPICS