WBD Live in Miami - The Money Printing Debate with Jeff Snider and Lyn Alden

 
 

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“The Eurodollar system is total bullshit… but the reason we need to focus still on that is because you need to know your enemy, you need to know who is going to resist changing a structural monetary framework. And the Eurodollar is not central banks, it’s the large cartel of banks; and they’re the ones that are the most vocal critics nowadays of cryptocurrencies, digital currencies and Bitcoin…they’re going to fight tooth and nail to preserve their own monetary privilege.”
— Jeff Snider

SHOW DESCRIPTION

Jeff Snider is Head of Global Research at Atlas Financial Advisors and Lyn Alden is a macroeconomist and investment strategist. In this interview, they debate whether QE is money printing, if the Treasury market broke in early 2020, dollar shortages, whether there’s an ideal form of money, the importance of Bitcoin, and the problems with central and commercial banks.

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Lyn Alden and Jeff Snyder are two of the popular economic experts in the Bitcoin space at the moment. They bring much-needed clarity to discussions on economic and financial systems that are lacking in mainstream media. They do, however, disagree on some fundamental issues. This show is a fascinating discourse between two heavyweights who are at the top of their game.

The discussion starts with a debate on the mechanics and implications of quantitative easing (QE), and the role of central banks and commercial banks in money circulation. Lyn and Jeff explore whether QE constitutes money printing, the impact of fiscal deficits on inflation, and the liquidity problems in the treasury market.

The discussion then focuses on the emergence and acceptance of different currencies in the global market (including Bitcoin), the role of central banks, the importance of a currency's availability and infrastructure in its acceptance, and the challenges of achieving a self-contained monetary system without central banks or authorities.

Lyn and Jeff cover the relationship between debt and economic growth, the concept of a "bail-in," and the need for a sensical monetary structure with the right rules and parameters. They also consider whether there is an ideal money, or, whether the monetary system needs to be dynamic such that it can evolve and adapt to a changing world where new demands arise.

TIMESTAMPS

00:02:04: Introductions
00:03:07: Is QE money printing?
00:09:45: QE explained
00:12:48: The Treasury market, and dollar shortages
00:26:49: How to fix the money problems
00:30:57: Bitcoin and free market money
00:45:30: Debating the need for central banks
00:49:39: Do we need banks?
00:54:19: Q&A 1: international banking rules
00:58:07: Q&A 2: elasticity of money
01:02:54: Q&A 3: money elasticity vs divisibility
01:08:38: Q&A 4: rule of law in currency
01:13:14: Q&A 5: government bail-ins
01:16:44: Final comments

 

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SHOW NOTES

Connect with Jeff:

Connect with Lyn:

Mentioned in the interview:

Other Relevant WBD Podcasts:

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