The UK’s Fiscal Alarm Bell
Description
In this episode, Anthony and Piers dig into the surge in UK borrowing costs, now at their highest since 1998. Is this a warning sign or just a media-fueled blip? They explore the fiscal strain, political reshuffling, and why the pound took a sharp hit earlier in the week.
The conversation then turns to the deeper structural issues—rising inflation, slowing growth, and a widening current account deficit. Could this all snowball into a credibility crisis for the UK government and Bank of England?
Also in this episode: gold’s breakout past $3,500, Goldman’s bold $5,000 call, and what the rally tells us about fading trust in fiat systems and central bank independence.
(00:00 ) UK: Borrowing & Inflation
(08:41 ) Debt Spiral
(17:17 ) Deficits & Outlook
(25:56 ) Gold as Hedge
(34:25 ) Trust in Gov’t & Banks
United States
