Lawrence Lepard: The Big Print - Make the Money System Great Again
Lawrence Lepard: The Big Print - Make the Money System Great Again
Palisades Gold Radio: 2-28-2025
Tom welcomes back Lawrence Lepard from Equity Management Associates to discuss his new book, "The Big Print: What Happened to America and How Sound Money Will Fix It."
Lepard emphasized that the U.S. monetary system began deteriorating with Nixon's abandonment of the gold standard in 1971, leading to persistent inflation and debt accumulation.
He argued that sound money — gold, silver, and Bitcoin — is essential to fix these issues.
Gold provides stability, while Bitcoin offers a digital solution to scarcity and divisibility, though it is still volatile.
The interview explored how inflation affects everyday life, with Lepard noting that the government's reported inflation rates often underestimate real costs.
He criticized the Federal Reserve for prioritizing debt servicing over economic fairness, leading to a cycle of printing money that disproportionately harms wage earners. Lepard also discussed the political challenges in transitioning to sound money, suggesting that widespread public awareness and grassroots support are needed to push for systemic change.
He warned against complacency, noting that the U.S. is on a trajectory toward a debt crisis unless decisive action is taken.
The conversation concluded with Lepard encouraging listeners to engage with his book to better understand these issues and advocating for a future where sound money restores economic health and fairness.
Time Stamp Reference
0:00 - Introduction
0:40 - The Big Print
7:20 - Where It Went Wrong
10:00 - CPI Chart 1800-2005
12:00 - Inflation a Key Issue
15:00 - The Wealth Gap
18:30 - Next Monetary Crisis
21:20 - A Moral Imperative
23:00 - Debt System Origin
26:00 - Top Vs. Bottom Wealth
27:00 - Why All Fiats Fail
31:00 - Lies & Inflation Stats
34:50 - Deflation Boogeyman
38:00 - Solutions & Outcomes
45:00 - Peg to Real Assets
48:45 - Bitcoin Advantages
52:20 - Resets & Reserve Currency
56:30 - Book & Wrap Up
