Debt, Deficit, Spending & Tax with Dominic Frisby - WBD598

Dominic Frisby is a British author, comedian, voice actor and
musical curator. He also produces one of the top 20 financial
substacks. In this interview, we discuss a range of issues
highlighting how dire our current economic situation is, and if
sound money and libertarianism are the solutions, the
responsibilities this imposes on us as free citizens.


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The global economy is in serious trouble. Our guests know it.
Regular listeners know it. Yet many are ignorant of the dangerous
predicament we’re in. This is despite significant evidence of the
coming crisis being available to anyone wishing to look. Portents
of things to come abound: rising deficits, unsustainable debt,
high inflation and crumbling public services. And there is no
political incentive to resolve the situation.


This does not mean that governments aren’t preparing. For
starters, there are tremors in the bedrock of the global reserve
currency system. China is discreetly hoarding gold. Russia is
seeking to utilize digital currencies. The number of countries
adding their name to a new BRICS’ based reserve system is
growing. The multi-polar world is being built.


Then there are the less explicit but equally concerning plans in
the traditionally democratic west. If, as expected, the global
economy significantly weakens, the public response could
destabilise society. There is always more than one path out of
any situation, but authoritarian policies are more appealing to
those seeking to maintain control.


Implementation of schemes designed to control society will
require mendacious actions. CBDCs will be sold as benign
technology advancements enabling more efficient payment
mechanisms between the state and the individual. The risks are
clear. Fundamentally, our freedoms will depend on the monetary
basis we adopt. These are crucial times. It’s up to us to
continue to raise the alarm.