The Great
British
Debasement.

The process is the same for every government on fiat money. Spending exceeds receipts. The gap grows every year. The central bank prints money to fill it.

Printed money makes everything more expensive. Goods rise. Wages lag. Assets — housing, stocks, collectibles — inflate far faster than incomes. Tax receipts fall. Welfare rises. The gap widens. They print more. Round we go again. Everyone without assets gets poorer. Along the way supply chains break, shortages spread, politics creeps into every corner of daily life.

The alternative is default — refusing the interest, or the debt itself. A banking crisis. A currency crisis. A deep recession. The country goes bankrupt. Plunging standards of living, surging unemployment, crime, collapsing asset prices. This is why governments always choose to print.

The scenarios outlined have been played out in many countries throughout history — estimated at 51 times in the last 200 years. It is currently playing out again in the UK. In fact, this situation is happening today within most countries simultaneously as they all find themselves stuck in the same financial problem, against a backdrop of slowing economic growth and an increasing debt pile.

The problem develops, gradually then suddenly. Turkey and Lebanon are in the final stages today. The UK and other countries seem to be entering the final stages.

Well known historic periods of fiat debt default and inflation are Weimar Germany in the 1920s and Zimbabwe in the late 2000s. In 1913 Germany you could buy a box of eggs for 1 Mark. Ten years later the same box of eggs would cost 50,000 Marks. Then one year after that, they would cost 800 billion Marks. It sounds incredible, but sadly it is true. Ordinary Germans starved.

These devastating inflationary periods are a sad but common occurrence throughout history.

From a historical perspective this phenomenon often occurs in fiat-money-based systems (like the US Dollar, British Pound, Turkish Lira, Euro, etc). When economic growth is not as high as politicians desire, policies to increase government spending are irresistible. The mechanism to pay for this is initially debt, but when it becomes more difficult for the government to pay for things with debt, the fiat money itself (£, $, €) is debased, with the authorities "printing" money using various methods. This creation of money out of thin air then leads to catastrophic economic and often societal breakdown.

Recognise the pattern. Rising debt, printing, wealth quietly extracted from anyone without assets. It has happened many times. It is happening now.

The fix is simple: move your savings out of easily-printed money and into something that cannot be debased, destroyed or tampered with.

In pounds, everything gets more expensive over time. In Bitcoin, everything gets cheaper over time.

A box of eggs may cost £1 today and £1,000 a decade from now — just as it did in German Marks. Priced in Bitcoin, the same eggs will cost less. Savers in Bitcoin preserve their purchasing power. As adoption grows, they compound it.

Historically, scarce assets — things that cannot be printed. Gold did the job for thousands of years. Anyone holding gold through a default or hyperinflation kept their wealth intact.

But gold is heavy, hard to divide, costly to secure, difficult to verify — an analog solution in a digital age. Bitcoin was designed in 2009 to solve exactly this. All the scarcity of gold, none of the friction.

More than 100 million people now own it. Digital gold, growing fast. Those adopting today have not only preserved their wealth — historically they have compounded it at double digits per cent a year.