Larry came back on the show to talk about why fiat
Fiat money is a government-issued currency that is not backed by a physical commodity but rather by the government that issued it.Learn more is a Ponzi. We talked about his recent quote “You can’t taper a Ponzi”. Larry explains why the current system is broken and he shares his views on where he sees us headed. We chatted about:
– Negative Rates
– UBI
– Leaving gold standard
– Inflation
– Hyperinflation
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy.Learn more
– Deflation
0:00 What is a Ponzi?
8:40 Austrian vs Keynesian
10:00 Why Gold isn’t the Monetary Standard.
18:00 What is the “everything bubble”?
31:00 Can we go back to Sound money?
35:00 Will we go back to negative rates?
40:30 Bitcoin is the ultimate fix.
1:03:20 Larry’s advice!
Guest: Lawrence Lepard
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Host: Dennis Porter
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Producer: Jacob Pope
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