U.S. Dollar as we know it will be dead in 5-10 years – Lawrence Lepard (Part 1/2)
In part 1 of this two-part interview, Larry Lepard, Managing Partner and Founder of Equity Management Associates, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the unfolding de-dollarization trend, and why Lepard thinks the dollar as we know it will end within the decade. He explains why he thinks gold and Bitcion are the best safe havens for investors, and provides his price forecast for these assets. Lepard explains why he forecasts hyperinflation in the U.S., as the government prints money to pay down increasing debt, and why this will be accompanied by a 'serious downturn' that could rival the Great Depression. He closes with his thoughts on the challenge to dollar hegemony from the BRICS nations, which are looking to form a reserve currency to rival the U.S. dollar.
Follow Larry Lepard on Twitter: @LawrenceLepard (https://twitter.com/LawrenceLepard)
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: (@KitcoNewsNOW) https://twitter.com/KitcoNewsNOW
0:00 - Dollar debasement
4:12 - Investment thesis
6:46 - Satoshi's identity
10:48 - Debt implosion
16:18 - Fed policy
18:45 - Another Great Depression?
22:40 - Stock market crash
25:40 - Stagflation with hyperinflation
31:30 - Restructuring the dollar
32:28 - BRICS reserve asset
42:19 - Gold
46:00 - Multipolar world
52:25 - 'End of the road'
#gold #bitcoin #dollar
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