The Fiat Apocalypse with Lawrence Lepard & Quoth the Raven

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“There is no way back, I think we’ve crossed the event horizon…they’re going to do everything they can to keep it together as best they can, but at the end of the day it all leads to monetary debasement.”
- Lawrence Lepard
Lawrence Lepard is an Investment Manager and Austrian Economist and Quoth The Raven is an independent financial researcher. In this interview, we discuss how the dollar could fall, signals in the bond market, what central banks can do, and the debt spiral unwinding.
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TIMESTAMPS:
00:00:00 The Bitcoin debate
00:06:25 Lunatics running the asylum
00:18:33 No way out but inflation
00:28:21 The silent killer; crowded exits
00:39:34 USD falling; ETF rugpull?
00:50:31 Bonds signals
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#Bitcoin #Finance #Economics

[@user-hb1qo6cu1z]

Quoth is one of my favorite guys because of his ritious display of constant anger. As it's released it makes me smile and feel better. Plus, he is smarter than hell. He is humble. AND, we.all love Larry

[@OPIXdotWORLD]

indeed...we need more folks to say "the system is not broken, it is designed to fukk u"... bitcoin is math, not emotion... we live in a world corrupted

[@abrahamnorthhampton3327]

Interesting and entertaining discussion, but Chris really needs Larry. Chris is so low-signal-to-noise... I know people who are already convinced love Chris's rants, but he doesn't do much to convert the uninitiated. Larry is a master at digging that signal out of the noise floor and amplifying it without making anyone feel bad.

[@P__114]

Holy hell I am excited for this combo.

[@relbik66]

Stopped listening to QTR completely because he was shitting on BTC...haha here we go, good for him 👍

[@NappyWayz]

I try to listen to people that I disagree with as well. It helps to challenge and/or strengthen my beliefs.

[@philfortner1805]

Same here.

[@theguy9067]

Sheep

[@CowboyInTheJungle21]

Chris’s rants are epic!!

[@alignmediationltd1344]

Chris speaks our language. Spot on. Larry is brilliant also

[@CowboyInTheJungle21]

Chris and Larry are all-stars!!! What an amazing pod!

[@SteveDyn]

Awesome guests

[@lvern60]

Never listened to QTR before...sounds like a cross between Joe Rogan and Bill Burr... enjoyed this podcast.

[@user-99.99]

I think folks overlook why some people buy the ETFs. The only reason I bought FBTC, and will buy more asap, is that my money was already locked up in an IRA and I’m too young to withdraw it without paying the early withdrawal penalty. That said most of my Bitcoin is in self custody.

[@germaine4032]

Great show. I challenge Peter to get a fiat politician on to debate a bitcoiner.

[@kevinkelly1875]

Love all 3 dudes here. The best. Happy to be in the foxhole with these guys 👍

[@Mr_Hundredaire]

THIS was an exciting episode! Chris speaks our language and Larry is the cool head in the room that ties it all together

[@RobEGR19]

This was a very good conversation. I enjoyed the end when they discussed their view of Fed J Powell.

[@KristaB253]

Great conversation, fantastic guests and an exceptional host. 👏🏼

[@AllNighterHeider]

Outstanding episode Thanks dudes

[@CryptographicAlien]

I honestly never heard of QTR before he came on your pod the 1st time. Guy makes a lot of sense

[@Mr_sahu_jii_72]

Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator

[@brenden5721]

Hanlon's Razor - "Never attribute to malice what can be explained by stupidity." 🧡

[@haraldclark6206]

Great conversation, many thanks!

[@muttleyZZZ]

QTR Chris is a fucking wordsmith of epic proportions. His rant at the beginning following the idiotic Bernstein video is awesome😂

[@djdos83]

brilliant combo! thanks for this. Would love to see Roth and Erik Cason together, the rants would be epic

[@darrenpalliaer8928]

Brilliant talk. Thanks❤

[@mazeman01]

Great guests!

[@_-Wade-_]

What great guests.

[@richard7945]

Have any of these guys bothered to read Kelton’s book?

[@bluewatermiles]

My guess is that Larry may have, as he has more of an understanding. Hard to unlearn stuff though!

[@KILlER__KING179]

Oh, I love you guys, the best market analysis! Seriously, why not mention Eledator?

[@MystiqWisdom]

Wow, great conversation 😮

[@edawg654]

The raven guy is great. He’s the humour we need

[@markperl5900]

Gensler did say it! He said that though he has no control of such policy, the government was on an unsustainable fiscal path. Can't be clearer than that! It shocked everyone at the time and discussions around this topic have been relentless ever since.

[@jong8427]

RFK Jr. has vowed to NOT tax bitcoin and also to put bitcoin on the treasury balance sheet. He owns bitcoin. He understands and values its fundamentals. He is intelligent and not captured by corporate ethos. We should all follow his KZbin channel. Vote for Best, not the two lessers.

[@Handle35667]

Government is not “just people”. It is an amalgamation of people, that takes on the most base and often best/worst characteristics of humankind (survive, multiply, expand, and dominate at any external cost). Additionally Government is a protected class of “person” that is immortal and is vested with Rights, Powers, and Privilege, not extended to individual citizens. Governments and Corporations possess legal rights (monopoly on violence, currency counterfeiting), voting rights, and other protections (limited or no liability) and rights (intellectual property) that sometimes don’t even extend to people, or are taken from people. Add in the fact that Corporations and Governments are immortal. Governments and Corporations are a reflection of people and have done very well for themselves. Better, by far, than the Citizens that created them. Saying govt is “just people” sounds like abject denial of reality. Maybe wishful thinking by someone with their head in the sand. Or an empty platitude uttered by a talking head, incentivized to make mouth noises on a per-click basis.

[@soundsnags2001]

You are the midwit meme come to life.

[@redman3863]

Wow- what a duo!

[@EricCarrJeetKunedo]

Man... " Compound interest is undefeated." I watch larry as much as I can

[@seangrandillo]

Goodie. Thanks always

[@ConorChepenik]

good ep

[@jackgill2391]

Another banger ❤ mr Bedford!! ❤

[@drackotheguitarist]

Hearing Chris call Saifedean Ammadean makes me realize he hasn’t gone deep enough.

[@russv.winkle8764]

Good catch I was like who the hell is "Ammadean"? He obviously has not gone deep enough let alone diving into Rothbard etc.

[@eddiebeer4516]

Love the show. I hope someone can answer this important question.. Let's say some entity that can print all the money they want decides to short bitcoin in the futures market continually. Couldn't they just suppress the $ price as long as they want? After all because the futures markets are cash settled, they can just keep buying with fiat at the expiry date.

[@endthefed5304]

Yes, the trick is to buy shitloads at x price, then buy high leverage shorts and sell the spot at x or less for a loss. Then clean up on the futures bet. rinse and repeat.

[@sunny051488]

Yes, someone theoretically can do this but that would also decimate their local currency that they are printing at the same time. Is there a country out there that is fine with destroying themselves just to suppress the price of bitcoin?

[@TheLazyDrone]

I have thought for many years now that the biggest problem in the world is an abundance of incompetence.

[@philfortner1805]

Gold is a dead rock, we welcome him to BTC.

[@markblight979]

Lawrence dont sell the hype. Let it happen.

[@lucieneadg5837]

Larry, Bitcoin is currently going through adoption cycles, regardless of money printing. It will appreciate by multiple factors in a cyclical fashion whether or not central banks print or not.

[@jeffu8520]

Hello from Sunny Bradenton Florida 👍

[@jksmithiii]

The problem I have with the BTC v gold debate is, it doesn't have to be an xor decision; why can't we make rational use of Sowell's tradeoffs mental model here? One thing I do know as a major problem on the gold side: if somebody wants your gold, they'll find it and take it, and you won't be able to do a goddam thing about it. Schiff doesn't talk about this at all, at least I haven't heard him address it. This alone makes gold a non-starter for the middle class, or what's fucking left of it.

[@stanleyrizzo]

banger episode

[@TorupHodl]

Not confused at all😂

[@jcantonelli1]

I'm glad Chris caught that podcast with Ammedean Saifous.

[@lamanana6951]

leverage is the achiles heel!

[@AlmonteList]

Lawrence the Legend

[@joshpoland6225]

" what do you want me to do? Do you want me to write a piece called, 'We're all fucked?'" "Yes, that's a perfect title." -from The BIG SHORT

[@siegelfilmsweddingvideo]

All I hear when Chris talks is Joe Rogan's voice

[@Johnnymoo1969]

The only asset worth holding seems to be BTC

[@user-jx4vm7tr8s]

Where is he from Montreal

[@Crypto_Catholic_Crow]

QTR grew on me at the 13:00 mark

[@danielmoreno9498]

what an adorable dog larry has

[@barleywaterfederal]

“Sometimes people just want to write down that they had a hamburger for dinner”

[@wmsc0ttcunn1ngham96]

How can people work for government? I'll tell you - most line, rank & file, non elected wage employees do a good job. They really do try to make a difference, using their expertise and education. Don't conflate elected politicians with worker bees, we really do need solid hard working brains in that business.

[@revereirschedule8966]

Close your eyes and listen. QTR' voice sounds exactly like Joe Rogan.

[@KYFHOme]

Government in not "just people." If it were, you could fix it by replacing the people. That's the problem with a government that has become a self-serving and self-perpetuating malignancy.

[@captaingoodness9812]

Larry, how come no wrist tattoos?

[@lhzsdgsfbvv]

We all agree on the problems, But its hard to find the sollution.

[@brettteeter3461]

Uh, isn’t BTC the solution?

[@longshort313]

No one talked about the real big banks that run the show. Just to remember, the FED is a private bank!

[@btdoe3259]

Inflation is wealth transfer. Simple as that. Is it on purpose you transfer wealth from x to y? The answer depends on how naive you are.

[@Zoofactory]

The good news is we are rebuilding the system before the current version completely collapses. ☝️

[@dannybitcoin116]

in the times of long past there was a reset every seven years in the Jewish tradition where all debts were wiped out that’s how they dealt with the situation of overextension and anyone that was irresponsible and dealing in overextension had to pay the price at the end, when the reset happened…… seems like a good plan to me

[@LeeJF1]

Awesome🤝 luv Larry 🫡

[@mlbonfox8199]

Btc is a savings acct ( that’s it nothing else Maybe in 50 years it’ll spring

[@bitplebleo]

Oh jeez I really needed to listen to someone ranting about the fiat shitshow ahaha great episode

[@endthefed5304]

"The government is just people" ... With big guns.

[@mc-kz8zn]

Awesome. And scary! We're so f'd...

[@AllNighterHeider]

Hey Rebels

[@11oakleyman]

Ledger sponsor????

[@argentovacquero627]

QTR sipping a Guinness? 😋

[@garymino2215]

Coffee.

[@gyrated]

Oh no, not an apocalypse! 😂

[@bluewatermiles]

Try a bit harder, guys. MMT doesn’t promote printing endlessly or that there aren’t consequences to printing. That guy Chris is ranting about things he hasn’t taken time to think through.

[@michaelcowdrey4494]

That dude at 8min was a fool

[@danpate6807]

What will the 10 yr do when the shit starts to happen?

[@indysitebroker]

Qtr 50/50 BTC is 50% short BTC

[@jonashayes2508]

this yelling guy with tats is annoying

[@cryptoshrimp2075]

This time its transitory 🤣

[@neoretrophoto9198]

Listening the excited guys insane rant is making me feel as dumb as a second coat of paint . Usually these are good.

[@wildwoollas]

Bitcoin IS MMT. Fiat is the OMT

[@BatmanBoss]

Why do we borrow our own currency we can print? So we can pay the bankers! That’s what he didn’t want to admit

[@Rawdiswar]

Plz elaborate

[@jksmithiii]

That clip is so cringey embarrassing I can't watch it anymore :)

[@redman3863]

Agree- it’s beyond cringe. It’s gross.

[@DrewHuangLiangHui]

It’s like begging your teacher to give you 1 extra mark to give a pass on your exam 😂

[@jeromejalibat3951]

Would you be able to say why? Cheers

[@user-mg4qm4rl5j]

Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash

[@bluewatermiles]

Big fan of BTC, and your interviews, but the flat earth economic perspective that’s been forecasting gloom and doom around the corner for decades has got to go. You should interview Stephanie Kelton in order to get a more accurate perspective of MMT, although keep in mind that her perspective is liberal and MMT isn’t political. Expert doctors practiced bloodletting for decades after germ theory was developed. Reminds me of guys applying ancient Austrian economics to the current US financial system!

[@WhatBitcoinDid]

We did interview Stephanie Kelton, you can find that show here: www.whatbitcoindid.com/podcast/modern-monetary-theory-with-stephanie-kelton

[@BradZook]

Tattoos look like hell. There is no exception to this rule.

[@johndavance8]

Chris' rants are so annoying, adds nothing to the conversation, stopped watching because of him - he's not as smart as he thinks he is

[@marioperry7369]

At 31:00, Larry talked about some guy who’s in his 60’s, house paid-off, no debt, modest lifestyle, and $2M saved-and he doesn’t feel comfortable retiring…. I mean, c’mon. Really?? That right there is NOT the money needing to be fixed; that’s the individual who needs fixing. That’s the second or third time I’ve heard Larry tell that story, and I think it’s so ridiculous. It’s such a Boomer-state-of-mind…. Whoever that dude is, you think he’d feel any different if he had $3M? $4M?? Fuck no. It’s called Boomer Greed. He’ll die with that money. Re-think telling that dumb story, Larry.

[@jamesgeorge65]

The guy in the cap, while he may be right on, as juvenile anger issues. He’s being obnoxious here. Embarrassed himself.

[@sebastienloyer9471]

😂😂😂

[@Blockchain_Basics]

First :P

[@oliverb6967]

Raven is WACK for paywalling that saylor interview. Gay

[@danielupston8275]

Discussing blasphemy. No attempt to block it out! Highly offensive in any decent circle.

[@josepholsen2502]

The raven guy could be the worst guest ever. Unwatchable

[@StormInATeaCup35]

QTR rants are so boring. Rants in general are boring. Pure emotion, no info. Enjoy his level-headed commentary though.

[@jayd6813]

F Bomb Dude, like so many Americans, has an infantile concept of Marxism - it appreciates the value of labor and resources, but that the workers should have ownership - it does not say money can be printed or that markets are bad - barter tomatoes for sheep and find price discovery - great. But don't let concentrated Capitalists corner markets of labor and resources. We in the States were never allowed to learn the merits of other systems, only the deficits, which should raise eyebrows.

[@redman3863]

So, empirically then, please tell me ONE example of when the Utopian Marxism you cite has EVER improved a society? I’ll keep fucking waiting.

[@russv.winkle8764]

Why should workers have ownership if the Capital was saved and invested by the entrepreneur? All the risks associated with starting a business are not shouldered by labor yet they are somehow entitled to own? Why even take a risk in a Marxist system?

[@organic723]

This was AWFUL!!

[@dannyu-u3081]

The profanity is gross