The Notion You Need Inflation To Create Growth “Is Just Bullshit”: Lawrence Lepard
At the risk of turning this week into International Lawrence Lepard Week here on the blog, I had a wonderful conversation with my friend Larry yesterday on my podcast.
At the risk of turning this week into International Lawrence Lepard Week here on the blog, I had a wonderful conversation with my friend Larry yesterday on my podcast that I think supplements my articles on Larry this week.
I had the pleasure of speaking to Larry yesterday not only about his most recent investor letter, but also about his thoughts on the possibility for World War III, the state of Russia and China working together, and whether markets will crash or go hyperinflationary.
On Monday, I published Larry's rundown of monetary policy history leading up to 1980. In the article, Larry also explained why he thinks paper gold suppression could mean and eventual 5x in gold prices.
On Tuesday, I published Larry's thoughts on the evolving monetary landscape globally that's occurring as a result of the Russia/Ukraine conflict. Larry wrote that he believed Putin "knows the monetary system is a credit based ponzi scheme" and he laid out 4 different catalysts for higher gold, silver and bitcoin prices.
Yesterday, during our discussion, we followed up on these two articles from the week but also tackled a whole host of new topics.
If you are not yet a Fringe Finance subscriber, want to support my work and have the means, I’d love to have you as a subscriber:
However, this podcast is 100% free to listen, below. Enjoy:
About Larry Lepard
Larry manages the EMA GARP Fund, a Boston based investment management firm. Their strategy is focused on providing "Monetary Debasement Insurance". He has 38 years experience and an MBA from Harvard Business School. On Twitter he is @LawrenceLepard Managing Partner and, via email, he is firstname.lastname@example.org
Disclaimer: QTR is long various gold and silver miners and have both long and short exposure to the market through equities and derivatives. I have no position in Larry’s funds. Larry is a subscriber to Fringe Finance and has been on my podcast. The excerpts from Larry’s letter, above, shall not be construed as an offer to sell, or the solicitation of an offer to sell, any securities or services. Any such offering may only be made at the time a qualified investor receives from EMA formal materials describing an offering plus related subscription documentation. There is no guarantee the Fund’s investment strategy will be successful. Investing involves risk, and an investment in the Fund could lose money. The strategy is also subject to the following risks: Currency Risk, Non-US Investment Risks, Issuer Specific Risk.