Another Big Print Is Coming: Inflation to Get Worse, Fed May Not Survive | Larry Lepard
Another Big Print Is Coming: Inflation to Get Worse, Fed May Not Survive | Larry Lepard (Part 1/2)
Miles Franklin Metals: 9-3-2025
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, interviews Lawrence Lepard, Founder of Equity Management Associates and author of The Big Print: What Happened to America and How Sound Money Will Fix It.
In Part 1 of this interview, Lepard issues a stark warning:
Another massive print is on the horizon – bigger than anything we’ve seen before
Inflation isn’t a policy failure, it’s a feature of the system, and it’s about to get much worse
The Federal Reserve’s credibility is collapsing and the U.S. central bank may not survive the next crisis
America’s monetary system is broken by design, driving inequality, asset bubbles, and civil unrest
The next Fourth Turning will center on the battle between sound money and fiat destruction
Lepard breaks down how we got here – from Bretton Woods to Nixon closing the gold window – and why today’s unsound money is not just an economic issue, but a political and moral one. Are we heading toward hyperinflation, collapse, and a full monetary reset?
Can we build a post-Fed financial system based on gold, silver, and Bitcoin? This is the monetary endgame. You need to understand it before it hits.
Stay tuned for Part 2, where we dive deeper into how this Fourth Turning will play out, revaluation scenarios, and what the next monetary system will look like – a gold standard, Bitcoin, or something else?
00:00 Coming Up
01:09 Introduction: Understanding Sound Money
09:48 The Debt Crisis Explained
12:36 The Consequences of Unsound Money
22:26 Yield Curve Control & Sovereign Bonds
23:04 Historical Analogies: Post-WWII Debt & Inflation
24:23 The Inflationary Cycle & Its Implications
26:36 The Unfairness of Inflation
33:20 The Federal Reserve & Its Impact
35:45 Navigating the Transition to Sound Money
38:22 The Fourth Turning & the Future of Money