Money isn't Scarce, Everything Else is with Peter McCormack

SPONSOR: Direct Bullion. Download your free Guide to Gold Pensions Now. (plus get a special bonus).CLICK HERE NOW: https://robmoore.directbullion.com   Rob discusses the state of the UK financial system with journalist and podcaster Peter McCormack. They explore the government's alarming debt, the erosion of purchasing power and why Bitcoin might be the answer. Their conversation exposes uncomfortable truths about money that schools won't teach you and most media won't discuss.   KEY TAKEAWAYS   The UK government spends more servicing debt (£120 billion) than on education (£73 billion). This debt spiral is politically impossible to escape since no party can win an election by proposing austerity. Fiat currencies typically last about 90 years before collapsing. Venezuela, Zimbabwe, Lebanon, and Turkey demonstrate what happens when currencies fail. The UK and US may be headed toward similar fates. CBDCs represent a dystopian nightmare where governments could instantly freeze citizens' money. This surveillance state technology would make people slaves of the government rather than the other way around. Bitcoin offers a revolution through decentralised money that can't be controlled or debased by governments. It enables borderless transactions without intermediaries. In countries with failing currencies, people naturally gravitate toward better money. Citizens in Cambodia, Venezuela, and Argentina already prefer dollars or Bitcoin over their rapidly devaluing local currencies. Our current money system incentivises excessive consumption rather than saving. Bitcoin encourages more responsible spending by preserving value over time, potentially reducing wasteful industries like fast fashion.   BEST MOMENTS   "We are in a financial debt spiral. If the debt's not paid off, the debt's getting bigger and if the debt's getting bigger, it's going to drive more inflation, which is going to have a widening gap in society."   "I am a Bitcoiner because for me it is a peaceful revolution. It is a way to educate the people around money, educate the people around government, and peacefully protest. I'm not picking up a pitchfork or a gun, I am sending a transaction to you."   "What happens when the government makes a mistake with their allocation of capital? They hide it, they lie about it, they spin about it, and nothing. They tax us more. They are terrible allocators of capital."   "When the money isn't scarce, everything else is. I hold Bitcoin because it's scarce. I have very high conviction in 10 years time, everything I've got in Bitcoin is going to be worth considerably more than it is now."       VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information.