The Peter McCormack Show #025 - Freddie New - Debt & Politics Driving Economic Decline
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Nov 27, 2024 Freddie New, general counsel at The Little Car Company and head of policy at Bitcoin Policy UK, dives into the mechanics of our failing economy. He reveals how private equity and government policies are eroding the middle class. Freddie discusses the risks of national debt and inflation, offering strategies to safeguard personal finances through hard assets like Bitcoin. With a dash of humor, he critiques political dynamics and cabinet controversies, pushing for greater economic literacy among citizens to encourage informed political choices.
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Protecting Your Savings
- Protect your savings by moving them into hard assets.
- Educate yourself about the failing financial system by reading books like "Economics in One Lesson".
Looming Currency Crisis
- The UK's debt is growing while productivity stagnates, leading to increased government borrowing.
- A currency crisis is looming, and open discussions about this issue are crucial for public understanding.
Debasing Currency
- The only way out of massive government debt is by debasing the currency.
- This makes debt servicing meaningless because the money's value decreases significantly.
