The Death Spiral of Western Economies with Dan Tubb - WBD595

Dan Tubb is a podcaster and former venture capitalist. In this
interview, we discuss the unprecedented levels of debt within the
US and UK. Dan goes through one by one the various options open
to the state to bring debt levels back down to manageable levels;
tl;dr “none of those options is going to be viable.”


- - - -


Over the past few podcasts, we have discussed state indebtedness.
As part of these discussions, we have referenced the amazing
USDebtClock.org resource that provides real-time data on debt in
the US and across the world. At the time of writing, US debt
stands at over $31.4 trillion, whilst UK debt is $3.4 trillion.
These figures are so large and unfathomable that we have almost
become blind to their meaning.


Dan Tubb has been focusing on these figures, to both put them
into more meaningful contexts, and to assess the options
governments have for paying them off. In summary, debt levels are
off the scale: adding outstanding liabilities to US debt results
in a total debt worth $1 million for every American adult. In
those terms, it's easier to understand that there are no real
viable options for paying down this level of debt.


The issue is that as citizens are generally tuned out: there is a
general assumption that the subject matter is just too complex,
and further, those in power must have answers to these issues.
After listening to Dan’s explanations you’ll suddenly realise
that these aren’t complex subjects to comprehend. The data is
literally there for anyone to see. And further, it is then
obvious that governments are consciously not dealing with
increasingly high levels of unsustainable debt.


So, why have such discussions been missing from MSM? There are
some great journalists who attempt to cover specific areas. But
nobody is yet screaming that the house is on fire although we’re
all feeling the heat and hearing the cracking of timber.


The problem is that governments have limited ways of keeping the
system from falling apart. Increasing levels of control are
openly being discussed in government institutions, particularly
digital identities and CBDCs. Some believe such measures are
designed to avert civil unrest. So, it’s up to those who have got
the receipts to start banging the drum before it’s too late.