4.8 • 2.7K Ratings
🗓️ 17 February 2025
⏱️ 104 minutes
🧾️ Download transcript
Steve Baker is a Conservative MP, former Brexit minister, and outspoken advocate for free markets, sound money, and limited government. James Van Straten is a macro analyst and Bitcoin advocate, focused on exposing economic mismanagement and the failures of central banking.
In this episode, we discussthe UK’s economic crisis, government waste, political failures, and how reckless borrowing, high taxation, and a bloated state have pushed Britain towards financial ruin. We also discuss the failures of Conservative leadership, the rise of Reform, and whether figures like Kemi Badenoch or Nigel Farage can fix the system.
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0:00.0 | Really what somebody needs to do is turn up and say, |
0:03.0 | this country is heading towards bankruptcy. |
0:05.0 | It's not just the stated national debt, |
0:07.0 | it's the 2.8 trillion of public sector pension liabilities that we haven't funded, |
0:12.0 | and the 5.6 trillion of state pension liabilities that we haven't funded. |
0:17.0 | That increases the national debt by about fourfold. |
0:21.6 | And this country is headed to bankruptcy within about 10 to 20 years. |
0:26.6 | But until a politician says, and we've got to make hard choices, we can drift forwards and |
0:31.6 | default on the welfare state so that old people with no other means of support end up going |
0:36.6 | without their pension, without healthcare, without social care, or we can start taking the hard choices now to get |
0:41.8 | all this under control. |
0:43.7 | This episode is brought to you by our least sponsor, a massive legend iron, the largest |
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0:56.0 | providing cutting edge computer resources for AI, all backed by renewable energy. Now, my boy |
1:02.8 | Danny and I have been working with their founders Dan and Will for quite some time now, |
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1:14.4 | So if you're interested in mining Bitcoin or harnessing AI compute power, Irond is set in the standard. |
1:20.5 | And so you can find out more at iron.com, which is iran.com. That is iron.com. |
1:26.7 | Great to see you both. Steve could see you again. |
1:28.3 | Delighted to be here. Thank you. Thank you for having us. No worries, James. So on the way down, |
1:35.0 | well, actually, interestingly, last night I was messaging Charlotte Gill, talking Charlotte Gill from |
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