Rob talks about the growing national debt in the UK and its potential consequences, drawing parallels between the current situation and the financial challenges faced by Britain in the 1970s.

Rob highlights the unsustainable path of increasing debt, rising inflation, and mounting public debt, and discusses the possibility of a debt reset and the potential return to a gold standard. 

KEY TAKEAWAYS

• Britain's debt is a ticking time bomb that is increasing and becoming unsustainable.
• The current debt situation in the UK is similar to the financial issues faced in the 1970s.
• The government is not making hard decisions or taking necessary actions to address the debt problem, instead passing the burden onto future generations.
• The potential for a debt reset or a return to a gold standard could create opportunities for those prepared and invested in gold and silver.
• Property investment and diversification strategies can help protect against the impact of the debt time bomb and provide opportunities for growth during the crisis.

BEST MOMENTS

"We've got inflation running away at the moment, I would say. If you've had to top up your car recently, you'd probably appreciate that that's anywhere between 30% and 50% up in the last couple of years."

"If we go back to a gold standard based on the current debt that we've got, not just the UK, but globally, the price of gold could be anywhere between 5,000 to 20, maybe even $25,000." 

"We're in this death spiral where it's just going to implode. But government, mainstream media, we're going to keep the game ticking along for as long as possible." 

"We in the UK, we've got a ticking debt time bomb. Our debt's increasing, debt to GDP is increasing. It's eerily similar to the 1970s in terms of what's going on from a macro point of view."

VALUABLE RESOURCES

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast