PMQs #008 – Why the Financial World Order is Shifting
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 14 January 2026
⏱️ 65 minutes
🧾️ Download transcript
Summary
Politics feels chaotic for a reason.
In this PMQs episode, we discuss what looks like surface-level madness - government U-turns, free speech crackdowns, global unrest and endless culture wars, to understand the deeper structural problem: a debt-based system that no longer works.
This isn't about left vs right, or one bad leader. It's about incentives, power, and a financial system that concentrates wealth, hollows out society, and forces every government into the same trap: manage decline & tighten control.
From Keir Starmer and Ofcom to central banks, QE, and why elections no longer change outcomes, we discuss how we got here and why everything feels like it's coming apart at once.
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TIMESTAMPS: 00:00:00 – QE and Inequality 00:01:12 – Everything Is Breaking 00:03:19 – Starmer's Failure 00:06:14 – Banning Free Speech 00:12:09 – Speed vs Silence 00:15:10 – Losing Control 00:21:06 – Managing Decline 00:37:05 – QE Explained 00:44:04 – No Voting Escape 00:48:30 – The Real Question
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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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Transcript
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| 0:00.0 | Ben Bernanke famously said, when he was asked, what's the purpose of QE, he told everyone, go buy equities. |
| 0:06.0 | Well, not everyone could buy equities. |
| 0:08.4 | So we ended up with, like, this two-tier economy where either you were an asset holder or you weren't. |
| 0:17.7 | I called the Fed the engine of inequality. |
| 0:22.1 | You know, how funny thing on this is. |
| 0:25.3 | Keep talking about this. I mean, it's pretty much what we focus most of the show on, the guests, |
| 0:30.4 | the PMQs, that this debt-based system will only make the rich, richer, and the poor, |
| 0:36.0 | we say the mechanics are screwed. |
| 0:38.2 | It doesn't matter who you vote in. |
| 0:40.0 | You're not voting yourself out of this. |
| 0:42.7 | And I just find it, I find it really depressing that there are so many people out there who know how this works. |
| 0:51.7 | They know the mechanics work. They know that it's going to hollow out society. |
| 0:59.0 | They know it's making the lives of the poor even harder. You know when I wants to do anything about it. |
| 1:06.5 | This show is brought to you by my lead sponsor, Iron, the AI cloud for the next big thing. |
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| 1:26.3 | check out iron.com to learn more, |
| 1:28.5 | which is iren.com. |
| 1:31.6 | Hello, hello, welcome to another PMQ's. I'm your host Peter McCormack. |
| 1:37.1 | I've got your boy the radical Connor McCormack with me and it's been another chaotic week. |
| 1:42.6 | Loads of crazy stuff is happening. |
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