Thoughtful Money with Adam Taggart
Thoughtful Money with Adam Taggart

The Next Big Money Printing Cycle Is Almost Here | Lawrence Lepard

June 7, 2026

AI Summary

5 min read

“I think we’re at two,” Lawrence Lepard says, placing the current moment at DEFCON 2 on a five-point scale of financial crisis severity. The veteran investor and author of The Big Print isn’t predicting a routine recession. He’s arguing that the U.S. monetary system has reached a mathematical dead end where debt grows faster than GDP, and the only escape hatch—another massive round of money printing—is not a question of if but when. In a wide-ranging conversation with host Adam Taggart, Lepard lays out why he believes the next “big print” is structurally inevitable, how the new Fed chair might surprise markets, and why he’s buying Bitcoin, gold, and silver into the current downturn.

The Mathematical Inevitability of the Next Big Print

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What you'll learn

  • 1 (01:06) **Guest intro and book premise** - Adam introduces Lawrence Lepard and his book *The Big Print*
  • 2 (02:21) **Mechanics of the Big Print** - How the monetary system forces eventual money printing
  • 3 (03:22) **Historical precedents** - 2008 and COVID as the first two big prints
  • 4 (04:54) **Kevin Warsh as new Fed Chair** - Warsh’s stated desire to shrink the balance sheet versus the “break-the-glass” exception
  • 5 (08:52) **Warsh’s dovish signals** - Use of Dallas trimmed PCE and AI productivity arguments
  • 6 (10:52) **Industrial policy and bond-market control** - Treasury and Fed coordination to support growth
  • 7 (14:56) **Creative printing tools** - Removing SLR rules and off-balance-sheet mechanisms

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Guests on this episode

Lawrence Lepard

Show Notes

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comLawrence Lepard warns that "The Big Print" he wrote about in his book is fast approaching.This will be another surge of $trillions in monetary and fiscal stimulus that will surge inflation and accelerate the devaluation of the dollar.He expects hard assets and commodities -- especially gold, silver and Bitcoin -- to rocket higher in price.And his counsel to investors is to increase exposure to these assets while there's still time.To hear Larry's full Big Print prediction, watch this video.#inflation #goldprice #bitcoin _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/wp-content/uploads/2023/12/Thoughtful-Money-Disclosure-Document-12.6.23.pdf?pid=227Thoughtful Money Agreement: https://thoughtfulmoney.com/wp-content/uploads/2024/11/Thoughtful-Money-Agreement-Agreement.docx?pid=227IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

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