How Debt & Politics Are Driving Economic Decline | Freddie New x Peter McCormack Podcast

[@MikeStillUK]

I’ve engaged with Freddie a fair bit on Twitter, great to see him on the pod!

[@freddienew279]

Thanks for the support mate!

[@cookyboy9524]

Still a listener and appreciate the wider coverage and uk focus.

[@JoeNakamoto]

great to hear Peter in a good mood and Freddie dropping considerate truth bombs

[@FreddieNew]

Glad you caught it mate!

[@GreatestAudioBooks]

32:50 Freddie was on pointe when he said the banks create the ‘money’ out of nothing. That is the primary cause of inflation and wealth inequality. A private banking system creates the money at interest, not the government. The government borrows the ‘money’ created by private banks.

[@nigel904]

I could listen to Freddie all day!

[@freddienew279]

That's very kind of you to say. Am showing this comment to my wife and kids (who strangely have a very different opinion)

[@brettteeter3461]

Keep going Peter! Great guests.

[@Luke-cj7gz]

Freddie is great. Amazing talk, especially the bit about water companies

[@freddienew279]

Appreciated, thank you. Very depressing though....

[@IanParker]

Thanks Peter, another good episode. :)

[@learning_rust]

Before I deleted Twitter, Freddie was an absolute scholar and a gentleman. A shining light in the darkness of the UK 🧡

[@freddienew279]

Thank you. That's really touching to read.

[@dominatorbooze8381]

Still here from early days of WBD mate. Keep up the good work mate 👍

[@jack.harper]

Still listening and loving the expanded range of discussions :)

[@kdiabloz]

Still a listener, and will stay a listener

[@Cfrostflooring]

Great show

[@davoidofaith]

Always a great listen.

[@Luke-cj7gz]

Peter, lower your tv 😅 or get it up on the screen while you read it

[@jackwatts5204]

Mr. New is my favorite Brit. Peter is okay sometimes.

[@freddienew279]

Thanks for the shout out!

[@sandymilne224]

My mother always used to say “The British Empire was built on 6% interest rates.” Why? It’s a reasonable rate to pay for a mortgage, to get in a savings account. (Simplified)

[@FreddieNew]

I'd agree with that!

[@gazunkafonegazunkafone3492]

Stand for reform🙏🏻🙏🏻🙏🏻 the country needs good practical people like yourself! 🙏🏻🙏🏻🙏🏻🇬🇧🇬🇧🇬🇧🚀🚀🚀

[@adrianflower3230]

"...when you're Mayor of Bedford you are going to walk around it wearing a crown, aren't you!?" 🤔🤔😂😂

[@richardjones5475]

It almost sounds like some of those private equity firms are doing, on a corporate level, what the IMF is doing on an international level.

[@freddienew279]

It's really quite similar, yes. Debt as a weapon is extraordinarily powerful and hard to overcome.

[@icucmerc]

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio

[@dominatorbooze8381]

Hopefully people are waking up and realising the beauty and value of Bitcoin. Dont get sucked into all the poo coins. Bitcoin is king. Preserve your financial sovereignty and purchasing power.

[@BoshartArdry]

I’ve been watching your videos for a long time and I’m happy to remain a loyal subscriber! Thanks for recommending a few projects, including elizzarda!

[@richardmeade2477]

I had mercury trainers. And nicks with the swoosh the other way round. The mid-90s, man. What a time!

[@freddienew279]

The memory of those shoes haunts my nightmares....

[@sandymilne224]

Triggernometry is where they would go in the UK, or Winston’s podcast

[@SunnyDayTeaFactory]

I haven't been seeing your content even though I'm subbed. Had to search for you,

[@asdf-vm2ch]

@MrObnoxiousPod could you put the dates these are filmed somewhere in the description? I was confused a bit when from the BTC price at 25:00 that this was likely filmed around November 9th.

[@sandyfoot]

When people are hungry they will start to care

[@dominatorbooze8381]

Peter, Max Keiser has been talking about value extraction from companies for years.

[@BrandonLesco.]

yes

[@markyNUFC80]

Don't take the Die Hard references out please lol, I was in hysterics.......just wasn't expecting it 😅

[@freddienew279]

Back when people had still seen Die Hard, it was a surprisingly good way of explaining how a bearer bond worked ...

[@markyNUFC80]

@freddienew279 great idea tbh. I didn't realise a gilt was called that for that reason. Just took it for granted it was called a gilt. Great show thanks

[@mikedudley4062]

Peter come and join the rest of us business people in REFORM and run to save the country

[@polkadotshillor]

Why you release it so late, don't feel like watching when you say it's at 73k dollars

[@gazunkafonegazunkafone3492]

When you getting Nigel on? Or Rupert, lee or zia?🙏🏻🙏🏻🙏🏻

[@dominatorbooze8381]

Nigel Farage? I'm from Australia bit I'd be keen for that.

[@mnewlyn]

Peter, you don't need to take notes, what Freddie says is being recorded.

[@dominatorbooze8381]

Why not take notes? He can pick things of importance rather than having to skip through hours of video.....

[@marygaw9416]

Why don't you allow clips Peter? I wanted to send something you said about the misallocation of capital to a few people that would have resulted in more vuews for you..

[@crapfullback]

Peter I sense your frustration and respect your wish for change, however, have you ever considered you could be viewing government through the wrong lens? I challenge you to consider that what if your view of success isn’t theirs? We know that the role of government is to extract money from the tax base in order to service the debt because the central private banks dictate we have run a debt based system. So the real job of the politician is to perpetuate the system regardless of how that looks for us. Now it begins to look like they’re actually doing a good job. The system isn’t broken, it’s working just fine. The real problem isn’t that the system isn’t designed to work for us, we just pay for it to exist. If our Prime minister (Truss) tried to change things and the bond vigilantes had her out in weeks, who’s in charge? You can get rid of the prime minister but you can’t sack the head of the Bank of England. Watch you excellent interview back and put yourself in Freddie’s chair and re challenge your own questions with the question, “yes but what if they’re getting it right for them?” It will all make sense. Then go and look up the Cloward-Piven Strategy. Mark Twain once said “If voting made a difference they wouldn’t let you do it” True democracy isn’t being able to vote out a poor party peacefully. True democracy is being able to vote in a system or party that WILL change the system in favour of the people and not the banks. Happy to expand. Lee.

[@brewmeister5426]

"Incorruptible people" 😂😂😂

[@ttabasso]

Peter - I will be over for Oasis - happy to join your show as a guest - please let me know if you would like to go to oasis - see my email

[@MrObnoxiousPod]

I would like to go to Oasis but I haven't seen an email

[@StevenBrown142]

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[@MA-KEJointVenture]

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[@SuzyGreenfelder]

This video is helpful, but it would be cooler if you talked about real money. Talk about Elizzarda - it’s real money every day. What you're talking about isn’t that impressive.

[@formxshape]

What happened to mr obnoxious? You need consistent branding.

[@mandypants226]

You’re not an MMT guy? So you don’t believe in accounting and you listen to people who also don’t understand MMT so you never took the time to learn it. It’s just accounting. The 30trillion in debt is the private sectors assets. It’s money not taxed out of the economy. The coupon or cost associated with this debt is self imposed. We could bring interest rates to 0% and not pay any interest which is what we should do. Think about it. We have an inflation problem. So you’re going to solve it by giving the richest people more money via interest payment on bonds? That’s absurd. Bonds shouldn’t even exist they are a relic of gold standard money. The debt literally is only a problem because the powers at be have an Interest for it to be a problem. Our government is corrupt and dumb

[@ShaeHuber]

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[@Allisonsmith11]

yes

[@ArlyneGoodman]

yes