The Death Spiral of Western Economies with Dan Tubb
The Death Spiral of Western Economies with Dan Tubb
What Bitcoin Did with Peter McCormack

“It’s not like you can just evaporate the UK from the system; if you did this, if you knocked out UK sovereign debt, you would cause a domino effect that took out the entire western financial system.”
— Dan Tubb

Dan Tubb is a podcaster and former venture capitalist. In this interview, we discuss the unprecedented levels of debt within the US and UK. Dan goes through one by one the various options open to the state to bring debt levels back down to manageable levels; tl;dr “none of those options is going to be viable.”

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Over the past few podcasts, we have discussed state indebtedness. As part of these discussions, we have referenced the amazing resource that provides real-time data on debt in the US and across the world. At the time of writing, US debt stands at over $31.4 trillion, whilst UK debt is $3.4 trillion. These figures are so large and unfathomable that we have almost become blind to their meaning.

Dan Tubb has been focusing on these figures, to both put them into more meaningful contexts, and to assess the options governments have for paying them off. In summary, debt levels are off the scale: adding outstanding liabilities to US debt results in a total debt worth $1 million for every American adult. In those terms, it's easier to understand that there are no real viable options for paying down this level of debt.

The issue is that as citizens are generally tuned out: there is a general assumption that the subject matter is just too complex, and further, those in power must have answers to these issues. After listening to Dan’s explanations you’ll suddenly realise that these aren’t complex subjects to comprehend. The data is literally there for anyone to see. And further, it is then obvious that governments are consciously not dealing with increasingly high levels of unsustainable debt.

So, why have such discussions been missing from MSM? There are some great journalists who attempt to cover specific areas. But nobody is yet screaming that the house is on fire although we’re all feeling the heat and hearing the cracking of timber.

The problem is that governments have limited ways of keeping the system from falling apart. Increasing levels of control are openly being discussed in government institutions, particularly digital identities and CBDCs. Some believe such measures are designed to avert civil unrest. So, it’s up to those who have got the receipts to start banging the drum before it’s too late.

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This episode’s sponsors:
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BCB Group - Global digital financial Services


WBD595 - Show Notes


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33,333 sats
19 Dec
It takes a big man to admit fault. thank you Peter!
500 sats
20 Dec
Truss was crushed by Goldman Sachs to get their Rishi in.
420 sats
5 Jan
Yes yes
121 sats
1 Jan
Happy new year! HODL
100 sats
19 Dec
100 sats
30 Dec
100 sats
20 Dec
100 sats
21 Dec
great episode!
100 sats
20 Dec
Amazing conversation. Dour, but truly important. I wish everyone understood the root of all the problems we are facing. Sorry I (jokingly) called you a communist a few episodes back. You are truly a great dude who is just asking questions and trying to figure out what is going on in the world. Loving the more macro-focus of the show Peter. Keep it up.