'It’s a Doom Loop' With Raging Inflation, Only Way Out Is Enormous Depression

"Inflation is just roasting people," from gas to food prices, "and sadly it's going to get worse," warns Lawrence Lepard, Equity Management Associates Founder, and Managing Partner. "The Fed can't print goods and services like they can print dollars," he tells our Daniela Cambone, saying the United States will remain stuck in a doom loop if it does not reset its currency with a "sound, neutral reserve currency," Lepard claims Powell is attempting to channel his inner Paul Volcker by raising interest rates, but with a caveat: until something within the system implodes or breaks. "I don't think you can hide in stocks [right now], and you need to be totally out of bonds," he asserts. Lepard holds firm that gold is the best performing asset class year-to-date, saying bitcoin will continue to coexist alongside it and both will shoot, "to the moon." He concludes that in order to protect your money today, investors need to be in, "sound money assets," which include: gold, silver, and bitcoin. Video by Stansberry Research.