I saw this piece shared in one of my no coiner friend's groups, it's accessible to read and not behind a paywall when I checked.
My ncf's are aware of the dooming debt spiral and I've mentioned Bitcoin but it's an instant scoff!
Here is a highlight, but it's a nothing burger 🍔 to stackers
A failure by successive governments to live within their means has left the UK with a £2.9tn mountain of debt, which is almost as large as the entire economy and costs over £100bn a year in interest payments.
At what point do normie land wake up?
Economists have raised fears that Britain could be moving perilously close to a “doom loop”, whereby high debt costs and low growth force the Chancellor to raise taxes to service borrowings, damaging the economy in the process and forcing yet more tax rises.
Seems like it's a slow grind until it just stops! Or will we see a dramatic debt spiral, cataclysmic event in this decade?