Read_713 - How the Fed "Went Broke" [Lyn Alden]

Mar 23 2023 • 46m

Show Notes

"The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of as an Excel spreadsheet managed by the Federal Reserve. That’s all it really is. Some of the cells on the spreadsheet are assets, and some of the cells are liabilities. It’s just a ledger that they administrate, and that we all use." – Lyn Alden

A subtle but important shift has occurred recently... the Fed became, for the first time in modern history, unprofitable. Lyn Alden breaks down how this has come about and what it does and does not mean. How does a central bank that can print its own money become unprofitable exactly, and what does it mean for the future of the United States federal government? Today's episode is one not to miss if you are curious...
Check out the original article and the numerous charts that show the degree of the change at: https://www.lynalden.com/broke-federal-reserve/

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

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“If history shows anything, it is that there's no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt—above all, because it immediately makes it seem that it's the victim who's doing something wrong.” ― David Graeber
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Activity

@thecoinfather

1,000 sats

Mar 24 2023

Great show Guy! Alden is such a gem to have in this space and a wealth of knowledge!

@michaelmatulef

500 sats

Apr 3 2023

🔥

@benjaminanderson

500 sats

Mar 27 2023

windows xp was the best

@marksea

500 sats

Mar 25 2023

great work as always by lyn

@brownsandbitcoin

100 sats

Mar 25 2023

great read

@torsten

100 sats

Mar 26 2023

Hey Guy, huge fan of the show, been listening to it on Fountain for some time now. Last weekend I was at Northern Lightning, the bitcoin conference in Bergen, Norway. I spent the sats I earned listening to you on Fountain to buy beer there. This is all I have left, thought you should have it. Thanks for the beer and for the awesome content, first round’s on me if we ever meet.