Mentor Sessions Ep. 081: Peter St. Onge and Larry Lepard discuss Fed rate cuts in 2026, AI industry bailout risk, Bitcoin price outlook, US debt debasement, and gold targets. The Fed's hawkish pivot is already unraveling — and Bitcoin, gold, and silver are the first to price it in. Peter St. Onge and Larry Lepard break down exactly why Kevin Warsh's tough talk is a script, not a policy, and what that means for sound money holders in 2026. You'll learn why Lepard believes rate cuts are coming before the midterms, why the AI industry is quietly lobbying for a defense-contractor-style bailout, and why the monetary debasement trade is nowhere near dead — despite what the financial press is saying. You'll also get specific price targets for Bitcoin ($180K–$200K), gold ($7,000), and silver ($200), plus an honest breakdown of Strategy/MSTR and Michael Saylor's evolving playbook. If you're trying to understand where macro is heading and how to position in sound money, this is the conversation. ⏱️ Timestamps: 0:00 - Intro 1:00 - Warsh: Hawk or Secret Dove? 2:40 - Warsh More Dovish Than Rhetoric 5:00 - Balance Sheet Hawks Get Punched 6:25 - Rate Cuts Locked in Pre-Election 9:29 - Debt Forces Money Supply Growth 10:30 - AI Sets Up Government Bailout 13:43 - Bitcoin Volatility and Long View 14:25 - AI Crony Capitalism Playbook 17:28 - AI Commoditizes in Three Weeks 19:24 - Dot-Com Lessons for AI Buildout 29:03 - Legitimate AI Grievance Energy Costs 33:37 - Europe's Decline and US Advantage 37:18 - Japan Yen Debasement Midterm Play 46:34 - Saylor Strategy Bear Market Attacks 51:59 - Bitcoin Mirrors Fiat Boom Bust 54:07 - Gold Silver Bitcoin 2026 Targets 57:52 - Monetary Debasement Trade Accelerates 1:00:10 - Markets Embarrass Most Investors 🔗 Links & Resources: → Professor Peter St. Onge on X: https://x.com/profstonge → Professor Peter St. Onge: https://www.profstonge.com/ → Larry Lepard / EMA Gavekal: https://www.ema2.com → Lawrence Lepard: https://x.com/LawrenceLepard 💡BOOK Private Sessions with Nathan, Benn and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io • Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 📌 Previous Episodes: Joe Carlasare, American HODL & Dr. Jeff Ross → https://youtu.be/i14Y81EGcVY ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB 🔒 Lockdown your Bitcoin with the BEST gear on the market from Coinkite. Get the 5% Off the COLDCARD visit: https://qrco.de/bfiDBV Follow Us on X: • BTC Sessions: @BTCsessions • Nathan: @theBTCmentor #Bitcoin #BTC #BTCSessions #FedRateCuts #MonetaryDebasement #BitcoinPriceTarget #GoldOutlook #LarryLepard #PeterStOnge #SoundMoney #MichaelSaylor #AIBubble #BitcoinBearMarket #MacroEconomics #USDollarCollapse #ArtificialIntelligence #BitcoinPodcast #MonetaryPolicy #HardMoney