The Peter McCormack Show

Britain is now poorer than the poorest American state and economist Andrew Lilico says a full-blown fiscal crisis is coming within ten years. He explains how Britain broke itself, why the political establishment lost its faith and the £180 billion in spending cuts he believes should be the baseline, not the radical option.

Andrew Lilico is Executive Director of Europe Economics and Chairman of the IEA Shadow Monetary Policy Committee. He is one of Britain's most prominent economists and a regular voice on UK fiscal policy.

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TIMESTAMPS:
00:00:00 - Britain Is Poorer Than We Pretend
00:01:17 - The Coming Fiscal Crisis
00:02:48 - The Three Forms Of A UK Fiscal Crisis
00:05:00 - How Britain Betrayed A Generation
00:09:11 - ONE Oligarchy Or Competing Ones
00:13:06 - The 20-year Loss Of Coherence In British Politics
00:15:00 - Why Politicians No Longer Trust Voters
00:17:56 - When The System Broke
00:19:42 - Short-Termism And The Death Of Economic Justice
00:22:34 - WHO Actually Runs Britain
00:25:00 - Bank Of England Independence And Its Hidden Cost
00:30:00 - Do We Need An Anti-establishment Movement?
00:33:00 - Why Reform Is Diluting Its Own Message
00:40:00 - £180 Billion In Spending Cuts
00:43:13 - The Bank Of England Back Under Political Control
00:44:05 - The "Surrealist Game" Of Inflation Targets
00:50:00 - Is It Really The Voters' Fault?
00:54:00 - What The Polls Are Telling US
00:55:30 - Is There An Optimistic Path Out Of This?
01:03:12 - UK GDP Per Capita Used To Be Higher Than The US
01:05:44 - What Britain Can Learn From Argentina
01:10:35 - What Should An Ordinary Person Do?

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CONTACT PETE
› Website – http://petermccormack.com
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CONNECT WITH ANDREW LILLICO
› Twitter – https://x.com/andrew_lilico
› Website – https://www.telegraph.co.uk/authors/a/ak-ao/andrew-lilico/

SPONSORS
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FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
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EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04

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Freddie New studied the classics and has spent years obsessing over one question: how does a superpower destroy itself? The answer, he argues, is always the same - it starts with the money.

In this conversation we map the fall of Rome directly onto the West today. The Roman denarius lost 97% of its purchasing power over 150 years. The British pound has lost 95% of its in the last century alone. The parallels don't stop there - military overstretch, a dependent population kept loyal by the state, leaders who can't stop the printing even when they know it's killing them. Rome couldn't stop. We can't either.

Freddie has read all 1.5 million words of Edward Gibbon's History of the Decline and Fall of the Roman Empire. In this conversation he explains what that teaches us about where we are right now - and whether there is a way out.

In this episode:
•⁠ ⁠How Rome debased the denarius from 100% silver to 3% over 300 years
•⁠ ⁠Why currency debasement always starts slowly and why it can never be stopped
•⁠ ⁠The eerie similarity between Rome's military dependence and modern welfare states
•⁠ ⁠What Diocletian's price controls tell us about every government's response to inflation
•⁠ ⁠Why Constantine's hard money reset saved the empire for another generation
•⁠ ⁠What hard money offers that fiat never can
•⁠ ⁠Whether the West can course correct or whether collapse is now inevitable

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TIMESTAMPS:
00:00:00 - Currency Collapse Starts
00:01:17 - Rome vs Britain
00:05:00 - How Debasement Spreads
00:09:52 - The Soft Default
00:18:02 - The Grift Economy
00:22:18 - The Hollowing Out
00:30:19 - How Rome Worked
00:35:00 - Why Collapse Happens
00:39:08 - Welfare And Power
00:46:28 - War Footing Debate
00:52:33 - Are We In Decline?
00:57:54 - Constantine Solution
01:05:22 - AI And Power Shift

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CONTACT PETE
› Website – http://petermccormack.com
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CONNECT WITH FREDDIE NEW
› Twitter – https://x.com/freddienew
› Website – https://bitcoinpolicy.uk/

SPONSORS
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› Monetary Metals - https://www.Monetary-Metals.com/McCormack

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LISTEN / SUBSCRIBE
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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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Emmet Connor, author of Red Pandemic, joins me to discuss his claim that Marxist ideas are expanding globally through culture, institutions and politics.

We start with the core question: is there actually a coherent Marxist movement in the modern West or is the term being used too loosely to describe broader social change?

We also explore what Marxism is today, how it may have evolved beyond its original economic focus and whether its historical outcomes are a failure of implementation or something inherent to the ideology itself.

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TIMESTAMPS:
00:00:00 - Marxism Or Leftism
00:05:00 - Defining The Revolution
00:10:55 - Useful Idiots Problem
00:18:52 - Fabian Influence Debate
00:30:00 - Do Marxists Know?
00:37:52 - How Ideas Spread
00:48:34 - Freedom And Liberty
01:02:23 - The Right’s Branding
01:16:30 - Where The Right Wins
01:30:31 - Power And Democracy
01:46:56 - What People Actually Want
02:10:23 - Final Reflections

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CONTACT PETE
› Website – http://petermccormack.com
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CONNECT WITH EMMET CONNOR
› Twitter – https://x.com/ResolvingR
› Book – https://omnia-veritas.com/product/red-pandemic/
› YouTube – https://www.youtube.com/watch?v=AI2cy4Dp_8M

SPONSORS
› LEDN - https://www.ledn.io/peter
› Monetary Metals - https://www.Monetary-Metals.com/McCormack

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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
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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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Hosted on Acast. See acast.com/privacy for more information.

Liz Truss, former Prime Minister of the United Kingdom, joins me to discuss what really happened during her time in office and why she believes the UK is in long-term economic and political decline.

We talk about the limits of political power, the role of institutions like the Bank of England, and why she argues that meaningful change is harder than voters realise. Liz also reflects on why she was removed from office and whether Britain can reverse its current trajectory.

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TIMESTAMPS:
00:00:00 - Who Has Power
00:02:09 - 25 Years Stagnation
00:07:13 - “I Was Vindicated”
00:12:04 - Politicians vs Blob
00:16:52 - Anti-Establishment Movement
00:22:29 - Bank of England Power
00:30:46 - Leadership vs Movement
00:37:20 - How The System Controls
00:46:44 - Who Runs Government
00:54:28 - Reversing The System
01:00:01 - Consequences of Decline
01:04:59 - Debt Crisis Risk

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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 LIZ TRUSS
› Website – https://www.cpac.org/int/greatbritain/home
› Twitter – https://x.com/trussliz

SPONSORS
› IREN - https://iren.com
› LEDN - https://www.ledn.io/peter
› Monetary Metals - https://www.Monetary-Metals.com/McCormack

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LISTEN / SUBSCRIBE
› Apple Podcasts: https://apple.co/40ruY9K
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› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
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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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Hosted on Acast. See acast.com/privacy for more information.

Scott Horton is the director of Antiwar.com and one of the most outspoken critics of US foreign policy.
In this episode, Scott explains how war connects directly to the things people feel every day - rising prices, falling purchasing power, growing debt and a system that never seems to improve no matter who is in charge.
We also discuss how governments fund wars, why debt keeps expanding, how inflation quietly shifts the cost onto ordinary people and the incentives that keep the cycle going. Lastly, Scott explains the role of media, the relationship between politics and defence spending, and why these conflicts continue even when public support is weak.
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TIMESTAMPS:
00:00:00 - Perpetual War System
00:02:00 - Hidden War Tax
00:05:00 - Debt Spiral
00:08:00 - Empire Costs
00:09:30 - War & Inflation
00:25:00 - Cost Of War
00:28:40 - Iron Triangle
00:33:10 - “It’s A Racket”
00:43:30 - Emotional Toll
01:02:10 - Any Hope Left
01:05:00 - How It Ends
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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 SCOTT HORTON
› Website – https://scotthortonacademy.com/
› Twitter – https://x.com/scotthortonshow
SPONSORS
› IREN - https://www.iren.com/
› Monetary Metals - https://www.Monetary-Metals.com/McCormack
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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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Hosted on Acast. See acast.com/privacy for more information.