On the Record by Bitcoin Policy UK

Bitcoin For Millennials Interview: How Debt Was Engineered to Keep You Trapped


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This podcast episode was originally published on Bitcoin For Millennials on 17 March 2025.

https://www.youtube.com/watch?v=qCcvfTg9oKg

Freddie New is the Head of Policy at Bitcoin Policy UK, advocating for sensible Bitcoin regulations in the United Kingdom. With a background in law and lobbying, he works tirelessly to educate policymakers and the public about Bitcoin's potential in the UK financial landscape.

› Follow Freddie: https://twitter.com/freddienew

› Bitcoin Policy UK: https://bitcoinpolicy.uk

› YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠

› Follow Bram on ⁠⁠https://x.com/bramk

🕑 TIMESTAMPS

00:00 - Introduction to Bitcoin and Financial Systems

02:06 - Understanding Modern Money and Debt

08:06 - The Consequences of a Credit-Based System

13:10 - Government Debt and Economic Implications

22:11 - The Unsustainable Nature of Low Interest Rates

28:28 - Bitcoin: A New Paradigm in Money

36:03 - The Psychological Challenge of Understanding Money

40:33 - The Complexity of Modern Financial Systems

50:34 - The Impact of Monetary Policy on Generations

55:43 - Bitcoin as a Solution to Financial Insecurity

ℹ️ EPISODE SUMMARY

Bram Kanstein and Freddie New examine the instability of traditional finance and Bitcoin's role as a critical alternative. They analyze how the 2008 financial crisis revealed fundamental flaws in our monetary system. This discussion covers:

  • How modern money functions primarily as credit rather than tangible value
  • Why monetary expansion inevitably leads to inflation and currency devaluation
  • The unique economic challenges faced by millennials in debt-based systems
  • How Bitcoin emerged as a response to financial instability
  • The importance of financial literacy for personal protection
  • Why Bitcoin represents a potential hedge as a hard, limited asset
  • The opacity that obscures how modern finance truly operates

This conversation explores the credit-dependent nature of financial systems, the consequences of monetary expansion, and how Bitcoin offers an alternative pathway to wealth preservation and financial autonomy.

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On the Record by Bitcoin Policy UKBy Bitcoin Policy UK