Lyn Alden joins us to make sense of the “everything, everywhere, all at once” macro moment.
A fourth-turning-style unwind of the long-term debt cycle, rising fiscal dominance, and a rare, headline-level clash over Fed independence—plus what a Kevin Warsh Fed might actually do under real-world constraints.
We dig into the “gradual print” era, why gold is ripping, how a more multipolar monetary order could emerge (gold, bitcoin, and stablecoins in different roles), and what trade war dynamics mean for the dollar’s privilege.
Lyn also explains why Bitcoin has lagged gold this cycle, how much the four-year crypto cycle still matters, the risks around treasury companies and quantum narratives, and how she’s thinking about portfolio construction in 2026.
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TIMESTAMPS
0:00 What’s Happening?
6:23 The Fourth Turning
13:59 Fed Independence
30:40 New Fed Chair Kevin Warsh
37:46 The Gradual Print
42:16 Gold
53:56 China vs US
1:07:14 Bitcoin vs Gold
1:12:37 Crypto 4-Year Cycles
1:23:26 Proof-of-Work vs Proof-of-Stake
1:28:12 Frontier Tech
1:35:11 Lyn Alden’s 2026 Portfolio
1:39:24 Cash Strategy
1:41:30 Closing & Disclaimers
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RESOURCES
Lyn Alden
https://x.com/LynAldenContact
Lyn Alden Newsletter
https://www.lynalden.com/
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Not financial or tax advice. See our investment disclosures here:
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