Episode Details

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 – me@petermccormack.com
› 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
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› YouTube: https://bit.ly/YouTube_PM
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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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