The Fed Quietly Halted QT On Dec 1st - Lyn Alden Warns ‘The Gradual Print’ Begins

Video Description

The "Easy Money" era is over, but the "Gradual Print" has just begun. In this exclusive interview, Lyn Alden (Founder, Lyn Alden Investment Strategy) joins anchor Jeremy Szafron to break down the critical market signals that most investors are missing. While the S&P 500 hits record highs, the "S&P 493" is flatlining, revealing a "mirage economy" masked by AI speculation and fiscal deficits. Lyn reveals why the Federal Reserve quietly halted its balance sheet runoff (QT) on December 1st, 2025, and what this "forced pivot" means for the next phase of global liquidity. We also dive deep into her controversial new December letter, "Why Most Cryptocurrencies Won't Accrue Value," where she argues that "utility" in crypto is actually a trap for investors—and why Bitcoin stands alone as money. This discussion covers the disconnect between asset prices and economic reality, the rise of "Emerging Market Lite" dynamics in the U.S., and why sovereign wealth funds are accumulating Bitcoin despite recent price corrections. Recorded December 5 2025 Special thanks to our sponsor, Swan Bitcoin, the real Bitcoin company, for making this coverage possible 👉 To learn more, get started at https://swan.com/kitco Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Lyn Alden on X: @LynAldenContact (https://x.com/LynAldenContact) CHAPTERS: 00:00 Introduction and Market Overview 00:55 Macro Environment and Key Drivers 01:20 The Disconnect in the Market 02:37 Emerging Market Characteristics 03:51 The Role of Fiscal Transfers 14:29 Federal Reserve's Quiet Pivot 18:21 The Gradual Print and Its Implications 21:43 Gold and Bitcoin: Safe Havens 23:10 Post-WWII Dollar Bubble and Gold's Resurgence 24:10 US and China: Economic Powerhouses 25:04 Bitcoin's Volatility and Market Dynamics 26:41 Corporate Balance Sheets and Bitcoin 29:34 Utility of Cryptocurrencies Beyond Bitcoin 32:17 Ethereum's Valuation and Utility Debate 37:08 US Federal Debt and Economic Policies 39:04 Private Credit Market Risks and 2026 Outlook #LynAlden #KitcoNews #JeremySzafron #Bitcoin #Gold #FedPivot #Recession #Crypto #Investing #Economy2025 #Stagflation __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.