The David Lin Report · Tuesday, June 30, 2026
Lawrence Lepard explores various scenarios for the debasement of currency, including a painful deflationary 'liquidation' or a 'Volcker-like' reset with extremely high interest rates. He also considers a more likely scenario involving a monetary reset, potentially akin to the Plaza Accord or Bretton Woods, to tie fiat currencies to a tangible asset.
“I mean, look, they could try to make the money sound, balance the budget, cut back, you know, they could do what they did in 1929. I mean, you know, just liquidate everything, but boy, that would be incredibly painful.”
“But I think what you could do is you could say we're going to reset this thing, you know, we're going to go to a gold-backed Treasury bond like Judy Shelton has proposed.”
“And if, you know, gold, silver, Bitcoin are kind of natural thing, but you could put oil in there, other things. I mean, you could do a commodity basket.”