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Governments aren't going to pay this debt down in real terms. More likely, they pay it back in weaker money.
Luke Gromen argues we're already deep into a sovereign debt cycle - and that AI could speed up the moment it really starts to crack.
In this interview we discuss how the system works: leverage, entitlements, interest costs, bond markets - and what happens when deflation hits an economy that depends on inflation to stay upright.
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TIMESTAMPS: 00:00:00 – Debt Reality 00:01:57 – Math vs Politics 00:06:26 – Already In It 00:08:51 – Japan Warning 00:14:38 – Acute Phase Risk 00:15:32 – What To Do 00:21:33 – End Of The Cycle 00:34:13 – AI Disruption 00:40:20 – 2007 Parallel 00:49:07 – UBI & Politics 00:58:02 – Sovereign Insolvency 01:08:26 – Meaning & Collapse
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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 LUKE GROMEN › X/Twitter – https://x.com/LukeGromen › Website – http://fftt-llc.com/
SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.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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By Peter McCormack4.8
21432,143 ratings
Governments aren't going to pay this debt down in real terms. More likely, they pay it back in weaker money.
Luke Gromen argues we're already deep into a sovereign debt cycle - and that AI could speed up the moment it really starts to crack.
In this interview we discuss how the system works: leverage, entitlements, interest costs, bond markets - and what happens when deflation hits an economy that depends on inflation to stay upright.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TIMESTAMPS: 00:00:00 – Debt Reality 00:01:57 – Math vs Politics 00:06:26 – Already In It 00:08:51 – Japan Warning 00:14:38 – Acute Phase Risk 00:15:32 – What To Do 00:21:33 – End Of The Cycle 00:34:13 – AI Disruption 00:40:20 – 2007 Parallel 00:49:07 – UBI & Politics 00:58:02 – Sovereign Insolvency 01:08:26 – Meaning & Collapse
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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 LUKE GROMEN › X/Twitter – https://x.com/LukeGromen › Website – http://fftt-llc.com/
SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.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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