Kitco News, Released on 4/2/25

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.

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

Lawrence W. Lepard founded Equity Management Associates. Currently, he is Managing Partner at Equity Management Associates LLC and Limited Partner at Johns Creek Partners LLC. He is also on the board of Amarillo Gold Corp. and Rise Gold Corp. In his past career he occupied the position of Principal at The Cue Ball Group LLC, Partner at Summit Partners LP, Managing General Partner at Geocapital Partners LLC, Investment Associate at Continental Illinois Venture Corp., Financial Analyst at Smith Barney Harris Upham & Co., Inc. and Financial Analyst of Citigroup Global Markets, Inc. (Broker). Mr. Lepard received an undergraduate degree from Colgate University and an MBA from Harvard Business School. He is the author of The Big Print: What Happened To America And How Sound Money Will Fix It.

  larry lepard