Name: PMQs #008: The Debt-Based System is Breaking Everything
Uploaded: 2026-01-16T07:50:17+00:00
Duration: 1 h 4 min 11 s
Description: 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 und

13 days ago

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Podcasts Politics PMQs Peter McCormack UK politics system failure debt based system central banks quantitative easing inflation free speech

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 – QE and Inequality
01:12 – Everything Is Breaking
03:19 – Starmer’s Failure
06:14 – Banning Free Speech
12:09 – Speed vs Silence
15:10 – Losing Control
21:06 – Managing Decline
37:05 – QE Explained
44:04 – No Voting Escape
48:30 – The Real Question