Show Notes
The new Fed Chairman says inflation will be a thing of the past.
Larry Lepard, Bob Burnett, and George Bodine explain why that's the most sophisticated lie in finance, and why the three assets the government can't print are about to come back with a vengeance.
Recorded July 14, 2026, as Kevin Warsh delivered his Humphrey-Hawkins testimony live.
In this episode: the Warsh playbook and "foaming the runway," why the Phillips curve is dead at the Fed, the Big Mac Index vs CPI, M2 growth vs the official inflation numbers, the AI capex arms race and why it guarantees liquidity, Hank Paulson's warning about the bond market, Japan's carry trade cracking, the power law model and why this drawdown looks like fall 2022, the Amazon parallel, and why you're not too late.
⏱ CHAPTERS
0:00 Cold Open: The Lie
1:07 Welcome: Warsh Testifies Live
1:37 "A Whopper of a Lie" + The Convenient CPI Print
2:45 The Warsh Playbook: Foaming the Runway
5:30 Why Bitcoin, Gold, and Silver Are in a Funk
7:01 Liquidity Is Tight: The China Factor
7:33 When Does It End? The Three Assets They Can't Print
8:19 Cooking the Numbers
9:07 Will AI Bail Them Out?
10:48 The Pivot: "Bitcoin Is Gonna Rip"
11:41 The Don Draper of Fed Chairmen
13:28 M2 vs CPI: The 4% Lie
14:13 Destroy Their System: Opt Out with Bitcoin
17:41 The Balance Sheet Trap
18:47 Paulson's Warning + Japan Is Cracking
20:58 The AI Capex Arms Race
24:59 Exponential Functions Burn Out
25:26 The Greatest Accumulation Period Since 2022
27:18 Dry Powder + The Power Law
28:40 For Everyone Who Bought at 120
31:28 "You're Not Too Late"
32:05 The Amazon Parallel: Buy the Leader
The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.
Your hosts:
Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.
Lawrence Lepard, sound money fund manager and author of The Big Print.
Bob Burnett, mining entrepreneur and founder of Barefoot Mining.
George Bodine, the World's Most Interesting Bitcoiner.
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