Adam Taggart | Thoughtful Money, Released on 4/6/25

I’ve stated many times on this program that perhaps the easiest macro trend to forecast is that our fiat currencies will continue to lose purchasing power. Today’s guest explains why, and what we can do to protect our wealth from this scourge in his new book: The Big Print, What Happened To America and How Sound Money Will Fix It. We’re fortunate to be joined by investor, sound money advocate and – now – author, Lawrence Lepard.

0:00 – Guest Introduction and Book Overview
1:53 – Why Fiat Money Loses Value
5:09 – Catalysts for Accelerating Debasement
7:15 – Gold’s Rise: Speculation or Fundamentals?
10:57 – Sins of the Fed and Fiscal Policy
17:46 – Stein’s Law and Systemic Unsustainability
21:50 – Sovereign Debt Crisis Signs
28:39 – Transition to Solutions: Sound Money Defined
34:11 – Embrace Deflation
38:20 – Needed Policy Reforms
41:56 – Trump Admin Policies Critique
46:04 – Wealth Protection Advice
48:23 – Bitcoin Case and Ownership Options
1:01:20 – New Harbor start
1:06:51 – Financial Literacy Gap
1:09:26 – Balancing Short- and Long-Term
1:17:54 – Liberation Day Uncertainty
1:22:44 – Parting Advice

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.

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  investing, Lawrence Lepard