“The whole goddamn thing is a charade… finger in the air, wild-ass guess, total gaslighting and bullshit.”

In this episode, Lawrence Lepard is back on the show to explain why the Fed is trapped between persistent inflation, an accelerating sovereign debt crisis and a financial system that cannot withstand genuinely tight monetary policy.

Lawrence breaks down the Fed’s retreat from forward guidance, why its new playbook gives policymakers cover to change course without warning, and why he believes today’s hawkish stance will ultimately give way to rate cuts and more money creation.

We also explore his “decade of inflation” thesis. He argues that the cycle began in 2020, that double-digit inflation is still ahead, and that a major disruption in the Treasury or bond market could trigger a “break-glass” response from the Fed, sending Bitcoin, gold and other hard assets dramatically higher.

In this episode:

• Why the Federal Reserve is abandoning forward guidance

• How the Fed could redefine inflation

• The sovereign debt problem

• Why double-digit inflation is coming

• Lawrence's outlook for Bitcoin and gold

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FOLLOW:

Danny Knowles: https://x.com/\_DannyKnowles or https://primal.net/danny

Lawrence Lepard: https://x.com/LawrenceLepard