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Lawrence Lepard

lines on the record: 98
first: 2022-07-13
most recent: 2022-07-13
sittings or episodes: 1
sources: podcast

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“Else you want to highlight, yeah, no, just I'll just say my Twitter account, I do a lot of posting, but I also put some useful stuff on there too. It's at Lawrence Lepard. And then I have a website that has my quarterly letters and a lot of things on there about sound money and a white paper on Bitcoin that I wrote four years ago, I guess now. And that website is ema. My business name is equity management associates, but EMA, Edward Mark Alpha, the number two.com. And that's all free, just information.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And this is, you know, we're at the point now where this will be ubiquitous within five or ten years. Those of us who are in it now will have benefited very substantially from being in it. So it is exciting. It's extremely exciting. Let's just hope that the central banks don't completely crater the world economy and that some of the psychopaths in our society don't decide that having a nuclear exchange is a worthwhile thing to do.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That we're in a same thing. It's funny too. Amazon informed me on Bitcoin. I mean, it was a network investment. And I didn't understand it because it didn't make money. And so I never bought it. It was a big regret on my part that I didn't buy it. I mean, partly it was funded by pre capital, so I just couldn't buy something that didn't make money. But the network effect there was extremely powerful. And that's what we got going on with Bitcoin. I mean, I invest in the internet back in 95 or 93 actually and did well with it. And I was saying on another podcast the other day, this reminds me exactly of the internet. It's the exact same story.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and it's just the good with the bad. I mean, you know, going from 5,000 to 69,000 is pretty damn exciting, a lot of fun. And, you know, that brings a check back to 17.5, so be it. The next run, I think the next run will probably take us into the low 200s. So that'll be nice”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Life's a lot more than number go up, number go down. Having been in the financial markets for a long time, I can assure people that things are never as bad as they feel in a bear market and they're never as good as they feel in a bull market.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yes. So, you know, this whole CBDC, you know, we're going to survive you, we're going to know where all your money goes, et cetera, et cetera. You know, oh, really? You know, with Lightning, I'm not so sure. And then if you listen to Odell and this fetiment thing that he's working on, I mean, that's going to be another layer of security. I mean, the good news is these technologies are coming along so quickly. They don't have a chance. I mean, Just don't have a chance. We're going to run these people over, and it's going to be so much fun. It's really going to be fun. And they so richly deserve it. They really do.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Don't, and that's the other beautiful thing about lightning. My understanding of it, as you know, the chain is pretty easy to do analytics on and track and things I think lightning's going to be really hard to scrap.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I usually send a buck. And they're just, I did it the other day with a professor, and he was just blown away. He was like, what? Much did that cost you? So it costs me less than a seventh of a penny. He's like, that's impossible. No, it's not. No, it's not.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I guess so. Yeah, I guess so. I mean, I'm happy to share knowledge. Yeah, no, it's good stuff, folks. I mean, we're all going to be fine. We just got to hang out and keep fighting. This Munwallett's a powerful thing. M-U-U-N. Anybody who doesn't have one should get one. You can instantly send an electric transaction. The last one I sent cost me seven sats. I don't know what seven sat. 49 sats to a penny roughly right now so what seven sats is one you know one seventh of a penny something like”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That's right. I mean, I think all human beings have an innate sense. I mean, and they say this even in animals, chimps have an innate sense of fairness. And I think that if there's one role that government can serve or should serve, it's to try to be a good referee and to keep the playing field level and fair. And unfortunately, I don't think our government comes anywhere close to that. It doesn't even begin. But that to me, that's, you know, if one's secured enough food and shelter to live a decent life, then helping others or fighting for fairness, I think, are two very noble causes.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“An advocate for sound money and critical of people who I think have made this world a worse place. And I aim, you know, I point directly at the central banks. I want to see I want to see Ben Bernacki is not a hero. I want to see Ben Bernacki in the history books as John Law, which is where he belongs. He's a fraud and a charlatan. And he's caused enormous pain for lots of people. And he wasn't the first. I mean, there have been plenty before him, and there'll be more after him. So I guess, you know, you could call me kind of a Christian warrior for the values that I believe in. I want that to be my legacy.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think we're all put here for a higher purpose. We all have a mission and we're here to do our job. And we just got to do the best we can do and live honorable lives and contribute what we're capable of contributing and respect everybody else and what they're trying to do and what they're contributing and to the degree that we see things that we think aren't right. We're told to stand up to it and to try and fight it. So in my particular case, I think my highest and best use is figure it out. I've always been an analyst. I like analyzing stuff. It's fun and I'm decent at it. And then what I see is wrong is what has happened, what some powerful people have done and have lived off a system that has benefited them at the expense of millions. And so I view it to the degree that I've got the strength and the will to do it is important to fight, to fight that. So I'm very vocally and not ashamedly.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“My last question, that's a great question. Well, I'll say right up front, I'm proudly I'm a Christian, you know, kind of raised and believe deeply in that, but I don't criticize anyone who's not because I think more broadly I'm spiritual and I know a lot of people don't like organized religion.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Or if you've read Alex Gladstein's book about how he's orange pilling people all over the world, I mean, I'm telling you, man, people everywhere are starting to use this stuff more and more. And, you know, once you get hooked on it, you realize what you can do with it. You're not going back.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Not making any more of it. I mean, they are making more, but it's, as you know, this applies growing very slowly. And the adoption is just, I mean, the only two things that would ever concern me would be if the technology were in some way proven to be flawed and it hasn't been for a long time now, so I'm not too worried about that anymore. Or if the adoption were to stop or slow or reverse, I just don't see that. Everywhere I go, everything I read, everybody I talk to, there's just more and more people using it every day. The use cases are just so fabulous. I mean, this whole, I don't know if you've done transactions with Mun in the Lightning Wallet, but.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think that's right. I mean, yeah, some people on the questions ask, do I think, you know, I think the bottom's in for Bitcoin at $17.5, but I've often been wrong on this. It could go lower. I've got a really great chart that maybe I'll shoot you and you can put it in the show notes. It was done by an Elliott wave guy that shows 13.8 on Bitcoin is a 78.6% retracement. So, if we have one more impulse move down there, that would probably be where it would stop. And if it does, my sense is you might have to be very quick. It might not be there for very long. I actually honestly think we're kind of done at 17.5 was it. But to be fair, back in 2017, when we went from $17,000 down to $9, I thought we were done at 9. And then we went to 3,500. So I could be wrong. It could go a bit lower. But, you know.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So they will debase. Now, on what time scale, in what ways, in what measures, who the hell knows? I mean, they're good at hiding that, moving the peace and shells there. But they'll do it. They have to do it. And we know that. And there's no debasing Bitcoin. They're 21 million, period. And there's adoption continuing to grow. So I sleep very well at night knowing that my wealth is safe in Bitcoin. I mean, I'm absolutely very peaceful about it all. I worry for the country and I see all the stuff going on and that all really upsets me a great deal. But in terms of knowing that my savings capital is in the right place, I'm extremely comfortable with that.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It's very tough. It's very tough as an investor. I mean, I feel for everybody on this call, this is not an easy environment to be investing, and you got to have a steady hand on the tiller. But I'm also very convinced that we're all on the right side of it because the government is faced with one of two choices. They can either debase or default. And they will not default. They can't. That's instant death.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Is telling you where everything else is going to go. And bonds are going to follow, bonds and stocks are going to follow Bitcoin lower. And then they're going to pivot and Bitcoin is going to rip and it's going to go to 200,000 and gold's going to go through 2000 and silver is going to go through 35. And we're going to have an inflationary impulse that's going to blow people's minds. Gold's going to go or oil is going to go to 200. But right now we're in one of those down waves. I mean, Google the Myrmacan chart on Twitter. And, you know, when you get a monetary system breaking up, you get really wild.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Choices and investment flows. And they all tell you part of the picture. I mean, the fact that the dollar is as strong as it is right now tells you the Fed's not printing enough. You know, we've got a deflationary impulse going on right now. The fact that the bond market's rallying right now, same story. Although I'm not sure that rally is going to last. The fact that the stock market's rolling over right now tells you in my mind that we had a bubble and there's not any real value there. And the fact that Bitcoin and gold are getting hammered right now tells you that the cutting edge of the liquidity spigot, which is Bitcoin and gold, the most Bitcoin is the most volatile and Bitcoin is the leading indicator, in my opinion, of liquidity in the system. And that's why it's been hammered so hard right now, because the Fed is working very hard to take, they've signaled that they're going to take liquidity out of the system. And so the most liquid thing.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That was a great question So I keep it pretty simple, to be honest with you, because I just look at big investment categories and look, I drill down to things like the two-year and so on and so forth. But in general, I'm looking at the stock market, just equities. I'm looking at the bond market, the 10-year yield and the pattern there. I'm looking at the dollar. I'm looking at gold, and I'm looking at Bitcoin. And these are all interrelated in terms of investment”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So everyone's got to change their mindset. We got to throw canes out. We got to get rid of this whole growth mentality. We got to get rid of this whole credit-based growth mentality. And we got to go back to a mentality of equity-based capital for doing things more efficiently, better, cheaper, faster for less. That's what it's all about. How do we get more for less? And that's a deflationary mindset. And that's the mindset we've got to go toward. And by the way, that fits perfectly with Bitcoin because Bitcoin is a deflationary currency It's”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, everyone's a slave, and it's the reindeer problem. I mean, continual growth in a finite planet with finite resources. I mean, how does that work? Yeah, I mean, the only way that it can work is with increase. I mean, the issue, the thing we should be measuring, not growth, is the thing we should be measuring is productivity. How do we get the most for the least? And more productivity is a deflationary thing.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“There's very little debt in that time frame. And I think that's how it'll look going forward. I don't think the debt market will be nearly as important or nearly as big a thing. The debt mark is as big as it is because we're trying to build a Keynesian system that relies on continual growth as the metric for success and that needs debt to create that growth. And both of those are a dead end road. I mean, this is the St. Matthews Island, you know,”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“They know that the fundamental principle will have more buying power in the future. I mean, imagine a world where your money got more valuable over time. I know that's really hard to understand, but it's actually a much better world. It's actually a much, much better world. And we had a version of that between 1789 and 1913 because we didn't have a credit-driven society. And so at that point in time, everything, there were a lot of gold mines built. There were a lot of businesses built in that timeframe. And they were all built with equity capital, not debt.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Actually, if you just hold your wealth in the form of Bitcoin or even other property, you're going to get wealthier every year because prices are going to continually fall. I mean, technology leads to everything becoming cheaper over time, and that's always been true. So, you know, there won't be as big a bond market. People say, well, how are there going to be loans in a deflationary environment? The answer is yes, there will be loans. But again, you'll really want to make sure that the project pays back. Loan and the person making the loan will probably be willing to make it at a low level of interest. And the reason they're willing to do that.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think so. I think that's right. I mean, I think, and one of the things, a question that has been asked a lot is how do we live with a world that's deflationary? And for that, you got to read Jeff Booth's book. I'm sure you have. I think others on the listening should read it. I mean, it's going to be different in the world that's coming. There's not going to be a need to build up the big credit structure that we've had, like the world we've had looking backwards.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“But there are a lot of reptile brains out there still running around, pounding their chest because they're fearful and they can't see what other people see. And they think that by professing their own brilliance on subjects and stroking their ego, that will keep them secure. And it prevents them from seeing something that's very obvious when placed right in front of their face. That's kind of how I see it.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Right? I mean, Peter Schiff, I mean, Nissim Caleb, I mean, it's almost a perfect correlation. And to me, that's because they're trapped. I mean, we're moving into a paradigm where the ego is not as important. I mean, Jeff Booth just started this great venture capital firm called Ego Death Capital, which I think is a great name for a firm. And so with the ego being less important and kind of collective, let's kind of woo-woo-stuff, but collective all of us doing well together, working as individuals and in a team is kind of, I think, the paradigm that's going to emerge in the next hundred years, decentralized, not centralized, centralized stuff is evil. Centralized stuff leads to guys like Hitler at the top doing bad shit. So it's all based on, you've got your ego out of it, and you're kind of trying to think, well, what's the best for everybody involved? Not what's the best for me, not what's my reptile brain telling me, oh, ego-wise, I got to do this.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Concern. And I think you can orange. People who don't seem to be very susceptible to being orange pilled are people who are arrogant seriously.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Really, money is just social obligations, and at its highest level, money is just a ledger. I mean, there's no physical in your bank. There's just a statement that you see that says you have X number of dollars in your account. So once you understand and you can grock that money is a ledger, and then you can further understand that technologically there was an innovation here that created a completely immutable secure ledger with 100% guarantee mathematical certainty of not dilution and not being overprinted and no double spend, then you should go, aha, this is a superior form of money. It's even better than gold. And it's easy to move, it's easy to transfer, it's easy to store, and it's defensible against armies because you've got your 12 words unless they beat it out of you, they can't steal it from you. So, you know, those are the arguments I use. And smart people generally eventually come to it. And they have a lot of concerns. But I just have an answer for every.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Some people in the gold community, a lot of people say to me, I don't like it because it's not physical. It's not real. It's funny money. They point to all the other cryptos which anger me. And I say, this is different. It's a true technological innovation, solved a problem that hadn't been solved before. Think of it as being like the printing press or the light bulb. It will never be solved again, but now that it's solved, it really matters. And it's a secure digital ledger. We never had digital scarcity before. Now we do. And this is what it looks like. You've got a chance to buy your spot on the ledger. And you might think, well, it's not a commodity. A lot of people say, well, you can't touch it or feel it. Therefore, it's got no value. And I counter that by saying, well, okay, but before gold even existed or we used anything like cattle or wheat as money, we sat in caves and we had ledgers on the wall where you had sticks and you marked down how many deer I killed and how many deer you killed and we kept track of who owed who, how many deer.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. Yeah, it's hard. I mean, I try an orange pill everybody I meet. I show them a mun wallet, I transfer some money to them, I show them how easy it is. I keep it pretty simple. I say, look, this is a new form of money that a lot of people have accepted. The dogs are eating the food. There's increased adoption all the time, and there's a limited supply. So think that through. If there's increased adoption, a limited supply, what's going to happen? Price is going to go up.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Difficult and brutal, painful collapse for people to go back to the basics and learn some of those fundamental lessons. But I sincerely believe that that will happen and that people will learn those lessons, that there's a remnant of good, hard-working, honest people in this country. In fact, it's the largest group of people in the country and that they will help one another. And we will go back to some timeless values that will make this a much better place. It was much more the way it was when I was growing up. And it wasn't perfect then because I grew up in the Vietnam era, but it was different. It certainly wasn't the way it is now.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“No, I know you didn't. From the experience of my grandparents, I mean, the whole notion of, I mean, of taking help was something to be very embarrassed about. Whereas now it's almost like people feel entitled to it. I know in the student loan forgiveness, a lot of people feel like it's their right and they just should have those loans forgiven. What does that say about everybody who paid those loans? You know, it's just, again, fiat money corrupts everything and corrupts the morals of society all the way through. You know, it leads to profiteering. It leads to the wrong incentives. And we're so far gone, Preston. I mean, it's really sad. We are so far gone that it's going to take a really”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So on and so forth. I mean, yeah, there's no industrial policy here, there's no thought. You know, there's just a bunch of wokeism, stupid people running our government.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“We've underinvested in commodities. And so, you know, now when we need them and things are tight, we have a commodity pressure inflation. Okay, so what's needed, more CapEx in those areas to create more production? Well, what would you like to have in order to do more CapEx, what would you like to have? Low interest rates. Well, what are we doing? We're raising interest rates. We're making that Capex more expensive. And once again, it's because the capital was mispriced, we didn't invest in the right things. I mean, we were trying, you're trying to build a house with a measuring stick that, you know, that, I mean, imagine your measuring tape just kept changing. You just can't do it.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And that's why the metaphor I've used is kind of like the Fed is swinging this wrecking ball around. I mean, it's just made it. Isn't it ironic that raising, so part of the reason why we have these commodity price inflation is because we haven't invested enough in all the productive capacity that we need.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I mean, it's picking up. I mean, this is, I can't believe what's been going on. I mean, you know, I'm Upright, upside down. It's like the AI. It's like the attitude indicator just tumbled. And I'm like, which way's up? This is a mess.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And so that's really the fundamental issue. So, you know, we got to get to a neutral reserve currency. But we will because I think it was you that said the contractions are getting closer, right?”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I just think there's a role for gold in the transition. Yeah, no, I mean, look, the fact that we don't have a neutral reserve currency, that we created Triffin's dilemma by being, you know, the military power of the world and the monetary standard of the world, I mean, it's hurt us in many ways that we didn't foresee. I mean, look at the Midwest. I mean, we hollowed out our entire manufacturing base. I mean, we couldn't even go to war with China basically because they have stuff we need. I mean, we couldn't build all the modern stuff we need without a relationship with China. And the world is such now that we all need each other. And I think if you really look at the core of decent human beings and the world has many of those, although there are a few psychopaths, most decent humans just want fair play. And so, you know, and a neutral reserve currency would lead to fair play, whereas it's very obvious that having a reserve currency controlled by one set of politicians who can manipulate that currency does not lead to fair play.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Money, we've got to drain the swamp, and the way we drain the swamp is we get rid of fiat. And the way we get rid of fiat is we push and support and develop and go with the alternatives, non-state money, gold and bitcoin. And Bitcoin is the fastest growing and the sharpest sphere. But gold is there too. I mean, there are people who don't like the volatility of Bitcoin. So gold's a decent choice for them.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“With respect to NATO and expansion and everything else, I mean. Know, I mean, he's if Ukraine were to become to have missiles and we were to become part of NATO. I mean, we would have a nuclear strike capability in under an hour from the Ukraine to Moscow. I mean, this would be like missiles in Cuba or to us. And I can understand why the guy's not, you know, exactly thrilled about that. And so, you know, it's, but again, we're run by a bunch of people that are beholden to the military industrial complex. And they keep giving the Ukraine billions of dollars and those billions flow right into the coffers of Raytheon and Lockheed and everybody who's supplying these guys with the weapons of war. And that's good for those companies and the senators that live in those states. I mean, it's sick stuff and it just shouldn't be going on, but it is. And so, and again, it's all fueled by the fiat.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and I just don't want these paper promises anymore. And so they're my commodities. It's your problem. And I contended, I mean, I don't love the guy. He's not stupid, though. I've contended all along. I mean, in our leaders, they're such idiots. I mean, I think truly, you know, again, he's an evil guy in many ways, but truly a part of what he wanted here was just a seat at the table. And we haven't just given him basic human respect. And we argue because he's a bad guy, he doesn't deserve that. And I would submit that no. He's a human and he runs a country that's got nuclear weapons. We owe him basic human respect. And we haven't given it to him. And I think that's what caused him to throw sand in the gears. And it's sad because I don't think this war needed to happen and people are dying. And, you know, we made a lot of promises to them that we broke. And, you know. With respect.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And he finally said, okay, enough is enough. And you've gone too far. And I can see you're out over your skis. I can see you've manipulated the price of gold. I can see you've created a world that really benefits you. And I'm going to throw sand in those gears. It's not working for me.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I don't know. I really don't know what they want. I can't get inside that guy's head. I know what he doesn't want. What he got fed up with was being paid in script.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Which is happen very fast. And so The last time, I mean, you know, the last time what we did $3 trillion in QE 1, 2, and 3, we did $5 trillion this time. I mean, what's the next one? Ten?”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Inflation was pretty out of control. They had to do something, and they did it. And so, but if I were in their shoes and I were running it today, I would pivot sooner rather than later. I think they've got a better chance of keeping their system together longer if they don't go too far in this direction. Because once this becomes self-reinforcing, you know, it's going to be very hard. They could pivot now and maybe not have to print any more money. If the stock market falls apart and the bond market continues to fall apart, which would be ironic if it did in light of a deflationary backdrop, but it could if people are losing faith in bonds, then you're going to have, you know, they're going to have to print like crazy to get us out of that deflationary spiral, right?”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And they are going to have to print until their eyes bleed. So, I mean, they could pivot right now and maybe wouldn't have to be as accommodated. They could do kind of a soft pivot and maybe just talk back off the rhetoric. And that's what they're going to try to do. I mean, they're going to try to drive the road somewhere between massive inflation and massive deflation. I mean, I can see why they got as hawkish as they got. I mean, things were pretty frothy. I mean, we all saw it, right? Yeah.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Versus technology. I mean, if you look at the ratio of technology companies to commodity companies, it just got so far out of whack and that's got to mean revert. And so, you know, if I had big gains in oil stocks, I wouldn't necessarily sell them. They might come down a bit because they've run up nice and heavily here. But I don't think we're going to see $30 oil again in our lifetimes unless we have the Great Depression. And I don't think they will stop before we have the Great Depression. That's one other thing I wanted to add to the pivot comment. Keep in mind that the longer they wait to pivot, okay, fine, that's painful, painful for all of us who are in things that aren't benefiting as a result of that. But what it means, and of course they were late on attacking inflation, and look how aggressive they had to be just to get oil to come down 20 bucks. If they're going to be late on pivoting, and when they do pivot, it's going to be because things are pretty damn bad.”
2022-07-13 · We Study Billionaires · BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT