The Collapse Is Here: The Final Stage for Fiat | Larry Lepard
The Collapse Is Here: The Final Stage for Fiat | Larry Lepard
Kitco News: 4-2-2025
Is America on the brink of a monetary collapse – and could sound money like gold and Bitcoin be our only way out?
Veteran investor and sound money advocate Lawrence Lepard joins Kitco News anchor Jeremy Szafron to discuss the collapse of the U.S. monetary system, as outlined in his new book, The Big Print:
What Happened to America and How Sound Money Will Fix It. Lepard warns that decades of monetary mismanagement, endless money printing, and artificially low interest rates have pushed the financial system to the edge.
With U.S. debt now exceeding 120% of GDP, Lepard says a sovereign debt crisis is inevitable. “The government is trapped and has to keep printing money,” he tells Kitco. Key Topics:
Why the current monetary system causes wealth inequality
How fiat money “steals from working people”
Why he believes we’re deep into the Fourth Turning
The mechanics of the coming “debt doom loop”
Why Bitcoin is the “most asymmetric bet” he’s seen
Why gold is signaling the failure of fiat
His bold proposal to abolish the Fed and restore sound money
00:00 Introduction
01:27 The Core Idea of 'The Big Print'
01:42 The Broken Monetary System and Wealth Inequality
03:51 The End Game of the Monetary Experiment
10:15 The Everything Bubble
13:21 Critique of the Federal Reserve
18:06 Inflation and Government Deception
24:12 The Fourth Turning Theory
26:29 The Future of Sound Money
27:19 The Debt Doom Loop Explained
30:31 Comparing Post-WWII Growth to Today
32:21 Bitcoin: The Asymmetric Bet
40:40 Gold's Resurgence and Market Dynamics
43:33 A Vision for Monetary Reform
51:19 Final Thoughts
