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#263 Lawrence Lepard: Get Ready for The Big Print, The Fall Of Fiat Currency, And The Rise Of Sound Money
Description
Lawrence Lepard, author of "The Big Print," warns that America is witnessing the endgame of a decades-long monetary experiment that has created massive wealth inequality and put the country on an inevitable path toward high inflation.
Sponsors:
Monetary Metals. https://monetary-metals.com/julia
Kalshi: https://kalshi.com/julia
Links:
X: https://x.com/LawrenceLepard
Website: https://ema2.com/
The Big Print book: https://www.amazon.com/Big-Print-Happened-America-Sound/dp/B0DVTCWYNN
0:00 Welcome Lawrence Lepard0:56 Macro framework & shifting from deflation to inflation3:33 Fed's two options: debt collapse or massive money printing7:01 Why Lawrence wrote the book & the dire situation11:14 Confronting Tim Geithner at Harvard Business School13:40 The Fed as a banking cartel setting interest rates16:39 How we got here: incremental monetary decay19:39 The everything bubble in currency25:16 The debt doom loop explained27:32 Bond market warning signals29:47 Defining sound money vs fiat currency33:40 Constitutional money & the fall of fiat37:15 The Fourth Turning & monetary reset coming40:32 Young people getting screwed by the system42:50 Investment allocation to sound money assets44:54 Presidential fixes: competing currencies & eliminating the Fed47:42 Who opposes sound money reform (Cantillionaires)50:37 Bitcoin going to millions & why it's not too late53:44 The positive future with sound money