#295 Lawrence Lepard: Get Ready for The Big Print as the Debasement Trade Goes Mainstream

Lawrence Lepard explains how the "monetary debasement trade" has gone mainstream as gold hit $4,200 and silver broke to $52. He presents a chart showing Bitcoin lags gold by months before moving harder, predicting Bitcoin will hit $250K as signs point to the "imminent big print" with Powell's May 2026 term ending. Sponsor: Monetary Metals. https://monetary-metals.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 back Lawrence Lepard 1:09 Monetary debasement trade going mainstream 2:07 Gold broke from $3,400 to $4,200, silver new all-time high at $52 3:58 Fed 5:08 Fed balance sheet signs pointing to imminent big print 7:38 Bitcoin has lag to gold - gold smells it first, Bitcoin moves harder 9:38 US stock market $66T vs gold/silver miners $800B market cap 11:04 Silver move signals real bull market - heading to $60-$100 13:22 Big beautiful bill spending away tariff and DOGE savings 15:14 Chart: Bitcoin lags gold but moves harder when it catches up 18:09 Gold/Bitcoin both sound money - shouldn't fight each other 20:16 Everything bubble - been dead wrong shorting stocks 22:38 This decade like 1970s on steroids with stagflation 24:51 Possible currency reset or hyperinflation tail case 27:03 Base case: stagflationary 1970s on steroids 28:42 12 Fed members set price of money for 330 million Americans 31:13 Real Housewives of Wall Street - wife borrowed $200M non-recourse 34:17 HBS confronting Geithner - victory lap for corrupt 2008 bailouts 36:07 Changed shorting rules during crisis - got wiped out 41:22 Daniel Webster: inflation fertilizes rich man's field with poor man's sweat 42:50 WWI Liberty bonds first modern big print doubled prices 46:01 Next 10 years vision: Blue team 2028, hyperinflation by 2032 47:54 Michael Saylor for president 2032 - modern Thomas Jefferson 48:28 Why Bitcoin not gold? Better, digital age, hard to move gold 50:37 Bitcoin inequality concern - rich will spend it, plumbers get paid in it 52:59 Sound money means no more wars - governments can't afford them 54:12 Fix debt? It's in worthless dollars - we're out of debt 56:52 Decentralization saving us now