Lawrence Lepard is a bestselling author and a prominent voice in the Bitcoin space.
In this episode, you're going to learn why Lawrence believes the current monetary system is broken, how inflation and debt are silently eroding the wealth of everyday people, why he thinks Bitcoin offers a better solution, how central banks’ policies are fueling inequality, and what Lawrence sees as the most likely scenarios for the future of money.
Timestamps:
[00:00] Introduction
[00:20] Sound money, hard assets, and monetary debasement
[05:15] History of money and gold
[08:00] Inflation from World War I
[10:15] Wealth inequality in America
[14:10] Decline of sound money since 1971
[16:40] The Cantillon effect
[17:55] 2008 financial crisis and QE policies
[19:30] Debt growth vs. GDP growth
[21:15] 2008 vs. COVID money printing
[22:00] Consequences of the current system
[23:15] Government spending and deficits
[25:20] Sound money as a moral issue
[26:15] Inflation as silent theft
[30:00] Explanation of the fourth turning
[32:30] Role of decentralization and technology
[34:05] Prediction of a Bitcoin standard
[36:00] Criticism of Keynesian economics
[39:00] Importance of decentralized money
[41:10] Monetary gunpowder concept
[42:00] Why gold became the dominant money
[43:00] High interest rates in the 1980s
[45:00] Inevitability of continued printing
[46:15] Debt and bond markets
[48:00] Possible future scenarios
[52:00] Public awareness and education
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