The Peter McCormack Show

In this episode, I'm joined by Ben Habib for a conversation about Reform, Nigel Farage and where British politics is heading.
Ben argues that Reform is far more fragile than most people realise. That it lacks a clear political philosophy, is driven by personality rather than principle, and could fail badly if it ever reaches power. His fear isn't just that Reform collapses, it's that its failure would discredit the wider pro-British cause for a generation.
We discuss Farage's leadership, ambition, and record, the danger of movements built around individuals rather than ideas, and why simply breaking the two-party system isn't enough if what replaces it isn't serious, coherent, and capable of governing.
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TIMESTAMPS:
00:00:00 – Reform's Fragility
00:01:02 – No Credible Leaders
00:02:18 – Need New Force
00:05:58 – Reform Becomes Establishment
00:10:00 – Voters Sense Decay
00:11:28 – Farage as Campaigner
00:15:13 – Why Parliament Fails
00:20:00 – Selecting Weak Leaders
00:24:06 – Culture Labeled Extremism
00:32:03 – Economy Can't Recover
00:39:32 – Why Reform Would Fail
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CONTACT PETE
› Website – http://petermccormack.com
› Feedback – https://www.petermccormack.com/contact
› Email – [email protected]
› Instagram – /mccormack555
› X/Twitter – https://x.com/petermccormack/
CONNECT WITH BEN HABIB
› Website – https://linktr.ee/advanceuk
› Twitter – https://x.com/benhabib
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
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LISTEN / SUBSCRIBE
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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In this PMQs episode, we discuss Robert Jenrick's defection to Reform and how it signals a political system that can only manage decline, not reverse it.
We discuss debt, inflation, incentives, and accountability - why every party borrows, why promises don't bind, and why voters are increasingly trapped choosing between different speeds of the same outcome.
SHOW NOTES
› https://substack.com/@petermccormack
› https://www.inolongerconsent.com/
› https://x.com/ConsentEnds
CONTACT PETE
› Website - http://petermccormack.com
› Feedback - https://www.petermccormack.com/contact
› Email - [email protected]
› Instagram - /mccormack555
› X/Twitter - https://x.com/petermccormack/
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
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TIMESTAMPS:
00:00:00 – Britain in decline
00:01:33 – Jenrick defects
00:03:38 – Economic reality
00:06:01 – Same establishment
00:07:02 – Are we complicit
00:10:34 – Voting for decay
00:14:02 – Accountability problem
00:20:00 – Debt trap explained
00:30:40 – Political theatre
00:53:02 – Stop playing
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LISTEN / SUBSCRIBE TO THE PODCAST
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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Politics feels chaotic for a reason.
In this PMQs episode, we discuss what looks like surface-level madness - government U-turns, free speech crackdowns, global unrest and endless culture wars, to understand the deeper structural problem: a debt-based system that no longer works.
This isn't about left vs right, or one bad leader. It's about incentives, power, and a financial system that concentrates wealth, hollows out society, and forces every government into the same trap: manage decline & tighten control.
From Keir Starmer and Ofcom to central banks, QE, and why elections no longer change outcomes, we discuss how we got here and why everything feels like it's coming apart at once.
SHOW NOTES
› https://substack.com/@petermccormack
› https://www.inolongerconsent.com/
› https://x.com/ConsentEnds
CONTACT PETE
› Website - http://petermccormack.com
› Feedback - https://www.petermccormack.com/contact
› Email - [email protected]
› Instagram - /mccormack555
› X/Twitter - https://x.com/petermccormack/
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
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TIMESTAMPS:
00:00:00 – QE and Inequality
00:01:12 – Everything Is Breaking
00:03:19 – Starmer's Failure
00:06:14 – Banning Free Speech
00:12:09 – Speed vs Silence
00:15:10 – Losing Control
00:21:06 – Managing Decline
00:37:05 – QE Explained
00:44:04 – No Voting Escape
00:48:30 – The Real Question
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LISTEN / SUBSCRIBE TO THE PODCAST
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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Western politics appears chaotic - broken states, endless debt and permanent crisis. Simon Dixon argues it isn't chaos at all, it's structure.
In this conversation, Simon lays out how money creation, debt, asset management, and access to capital now matter more than elections, ideology, or national borders. Governments, he argues, have become balance sheets and citizens have become collateral.
We talk about how the debt-based system works, why rolling over debt keeps everything alive, how asset managers shape outcomes and why wars, bailouts, inflation, and social breakdown all follow the same incentives. It's about power, money, and who actually makes decisions, and what that means for people trying to live normal lives inside a system that no longer works for them.
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TIMESTAMPS:
00:00:00 – Introduction
00:02:41 – Power Dynamics vs Democracy
00:06:59 – IMF Bailouts and Rolling Debt
00:10:28 – the British Empire Financial Model
00:16:31 – Blackrock, Capital Allocation & Board Control
00:18:43 – Why Ceos Aren't Really in Charge
00:25:00 – Why Revolutions Fail
00:27:56 – Russia, Sovereignty & Oil
00:30:00 – Ukraine, Nato, and Arms Incentives
00:34:10 – Profit, War, and Moral Cost
00:38:34 – Compromise, Power & Politics
00:41:53 – Immigration and Instability
00:45:29 – Surveillance, Data & Control
00:47:07 – Venezuela, Oil & Geopolitics
00:55:25 – When Debt Actually Breaks
01:03:08 – Why Stock Markets Rise as Countries Fail
01:06:30 – the Collapse of Living Standards
01:12:25 – Multipolar World Order
01:16:18 – Bitcoin as Boycott
01:24:00 – Who Survives the System
01:28:51 – Leaving the West vs Staying
01:47:32 – Property, Debt & Freedom
01:49:20 – Advice for People Who Can't Escape
01:57:19 – What Actually Breaks the System
02:02:15 – Final Reflections: Playing the Game Without Losing Yourself
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CONTACT PETE
› Website – http://petermccormack.com
› Feedback – https://www.petermccormack.com/contact
› Email – [email protected]
› Instagram – /mccormack555
› X/Twitter – https://x.com/petermccormack/
CONNECT WITH SIMON DIXON
› Website – https://www.simondixon.com/
› Twitter – https://x.com/SimonDixonTwitt
SPONSORS
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LISTEN / SUBSCRIBE
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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Venezuela didn't fall apart by accident. It's the result of years of socialism, corruption and a regime that couldn't be removed by elections or international pressure.
In this PMQs episode, Peter and Conor talk through what happened with Maduro, why Venezuelans themselves welcomed his removal, and why the usual arguments about regime change and international law don't hold up in the real world.
They also look at the role of oil, US power, proxy conflicts, and why strong states operate by different rules. The episode ends on the hardest question of all: after removing a dictator, what actually comes next?
SHOW NOTES
› https://substack.com/@petermccormack
› https://www.inolongerconsent.com/
› https://x.com/ConsentEnds
CONTACT PETE
› Website - http://petermccormack.com
› Feedback - https://www.petermccormack.com/contact
› Email - [email protected]
› Instagram - /mccormack555
› X/Twitter - https://x.com/petermccormack/
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
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TIMESTAMPS:
00:00 – Introduction
03:57 – Why Public Opinion Split Instantly
05:00 – Non-interventionism vs Reality
06:52 – Firsthand Experience Inside Venezuela
14:28 – Criticism From the West
17:29 – Oil Wealth, Poverty & State Failure
18:39 – Why Narratives Don't Match Reality
22:37 – Self-determination
24:20 – Does International Law Even Exist?
30:50 – Two Worlds?
33:39 – Tier-one Countries & Real Power
38:33 – the Risk of Unchecked Power
40:54 – "What's Next?"
46:24 – Post-maduro Choices
53:32 – Why Memes Dominate Political Reality
57:16 – Final Thoughts
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LISTEN / SUBSCRIBE TO THE PODCAST
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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