Steve Baker: The West is Broke & Bitcoin is the Answer | Bitcoin & The Long Game
Peter Lane and George Boyd go political with Steve Baker — former Conservative MP and likely the first person to say "Bitcoin" in the Houses of Parliament.Peter Lane and George Boyd go political with Steve Baker — former Conservative MP and likely the first person to say "Bitcoin" in the Houses of Parliament. From his background as an aerospace engineer turned Austrian School economist, Baker explains why state money has been failing since long before most people noticed, how money is actually created, and why almost nobody inside regulated finance or government truly understands it.
The conversation covers unsustainable debt, the demographic squeeze, and whether crisis is the only thing that forces real reform — with a sharp take on why wealth inequality is a monetary problem, not a tax one. Baker outlines his Fighting for a Free Future project, and Peter and George bring it home through Bitcoin and gold as the only assets that are nobody else's liability — and why that matters more than ever as purchasing power quietly disappears.
0:00 Intro
2:00 Sponsor mentions — CoinCorner, XCE, VEIN
3:00 Meet Steve Baker — skydiving, sailing, and Austrian economics
4:00 George's million-dollar football tournament in North Carolina
5:00 Bitcoin in Parliament: Steve's 2014 speech and the Cobden Centre
7:00 How money is actually created — the Bank of England paper explained
8:00 Fractional reserve banking: what it meant then and why it barely applies now
11:00 Why even financial professionals don't know where money comes from
12:00 Crossing the chasm: Bitcoin moving from early adopters to the mainstream
13:00 Political leadership and Bitcoin adoption — Trump, UAE, and the UK's problem
14:00 The "blob" and why paradigm shifts in government are so slow
15:00 Austrian economics, production time, and the limits of central planning
18:00 Political chaos as a symptom of unsustainable debt
19:00 1971, Nixon, and the near-vertical inflation line
21:00 Argentina's crisis versus the UK's slow-burn problem
23:00 AI, nuclear energy, and productivity gains as the best escape route
24:00 The Ray Dalio fourth turning — mid-2030s reckoning
29:00 Brain drain and the quarter-million British people who've already left
33:00 Farage, Bitcoin treasury companies, and the messenger effect
36:00 Populism and door-to-door campaigning — do voters engage with policy?
38:00 The great political realignment: identity versus economics as the main axis
39:00 Steve's most memorable doorstep conversation
41:00 CPI, asset prices, and why the wrong metrics masked the financial crisis
43:00 Fighting for a Free Future — reaching opinion formers, not just politicians
45:00 Financial education, asset allocation, and the world post-Bretton Woods
47:00 Recommended reading: three short books to think differently about money
49:00 What a fair world actually looks like for footballers and investors
51:00 Jeff Bezos, tax debates, and what actually drives the wealth divide
54:00 The two things wrong with the welfare state model
55:00 Bitcoin and gold as sound money — no one else's liability
58:00 Storing your work and energy: why fiat fails as a long-term store of value
59:00 Wrap-up
Follow:
Steve Baker - https://www.linkedin.com/in/stevebakerfrsa/
Peter Lane - https://x.com/peterlane1985
George Boyd - https://x.com/gboyd9
CoinCorner - https://x.com/coincorner
XCE - https://x.com/xceofficial
VEIN - https://x.com/VEIN_intel
Sponsors
CoinCorner
XCE
VEIN
Edited by James Pearce https://www.linkedin.com/in/james-pearcesf/
#Bitcoin #BTC #SteveBaker #SoundMoney #BitcoinAndTheLongGame #Podcast
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