The Peter McCormack Show

Latest Episodes:

PMQs #009 – Jenrick's Defection Changes Nothing Jan 19, 2026

Show notes

In this PMQs episode, we discuss Robert Jenrick's defection to Reform and how it signals a political system that can only manage decline, not reverse it.

We discuss debt, inflation, incentives, and accountability - why every party borrows, why promises don't bind, and why voters are increasingly trapped choosing between different speeds of the same outcome.

SHOW NOTES › https://substack.com/@petermccormack › https://www.inolongerconsent.com/ › https://x.com/ConsentEnds

CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.petermccormack.com/contact › Email - me@petermccormack.com › Instagram - /mccormack555 › X/Twitter - https://x.com/petermccormack/

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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TIMESTAMPS: 00:00:00 – Britain in decline 00:01:33 – Jenrick defects 00:03:38 – Economic reality 00:06:01 – Same establishment 00:07:02 – Are we complicit 00:10:34 – Voting for decay 00:14:02 – Accountability problem 00:20:00 – Debt trap explained 00:30:40 – Political theatre 00:53:02 – Stop playing

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LISTEN / SUBSCRIBE TO THE PODCAST › Apple Podcasts: https://apple.co/40ruY9K › Spotify: https://spoti.fi/3Wc94Vu › Fountain: https://bit.ly/FountainPM › YouTube: https://bit.ly/YouTube_PM › Rumble: https://bit.ly/RumblePM

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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Hosted on Acast. See acast.com/privacy for more information.

PMQs #008 – Why the Financial World Order is Shifting Jan 14, 2026

Show notes

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.

SHOW NOTES › https://substack.com/@petermccormack › https://www.inolongerconsent.com/ › https://x.com/ConsentEnds

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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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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Hosted on Acast. See acast.com/privacy for more information.

#139 - Simon Dixon - How the Financial-Industrial Complex Runs the World Jan 08, 2026

Show notes

Western politics appears chaotic - broken states, endless debt and permanent crisis. Simon Dixon argues it isn't chaos at all, it's structure.

In this conversation, Simon lays out how money creation, debt, asset management, and access to capital now matter more than elections, ideology, or national borders. Governments, he argues, have become balance sheets and citizens have become collateral.

We talk about how the debt-based system works, why rolling over debt keeps everything alive, how asset managers shape outcomes and why wars, bailouts, inflation, and social breakdown all follow the same incentives. It's about power, money, and who actually makes decisions, and what that means for people trying to live normal lives inside a system that no longer works for them.

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TIMESTAMPS: 00:00:00 – Introduction 00:02:41 – Power Dynamics vs Democracy 00:06:59 – IMF Bailouts and Rolling Debt 00:10:28 – the British Empire Financial Model 00:16:31 – Blackrock, Capital Allocation & Board Control 00:18:43 – Why Ceos Aren't Really in Charge 00:25:00 – Why Revolutions Fail 00:27:56 – Russia, Sovereignty & Oil 00:30:00 – Ukraine, Nato, and Arms Incentives 00:34:10 – Profit, War, and Moral Cost 00:38:34 – Compromise, Power & Politics 00:41:53 – Immigration and Instability 00:45:29 – Surveillance, Data & Control 00:47:07 – Venezuela, Oil & Geopolitics 00:55:25 – When Debt Actually Breaks 01:03:08 – Why Stock Markets Rise as Countries Fail 01:06:30 – the Collapse of Living Standards 01:12:25 – Multipolar World Order 01:16:18 – Bitcoin as Boycott 01:24:00 – Who Survives the System 01:28:51 – Leaving the West vs Staying 01:47:32 – Property, Debt & Freedom 01:49:20 – Advice for People Who Can't Escape 01:57:19 – What Actually Breaks the System 02:02:15 – Final Reflections: Playing the Game Without Losing Yourself

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CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – me@petermccormack.com › Instagram – /mccormack555 › X/Twitter – https://x.com/petermccormack/

CONNECT WITH SIMON DIXON › Website – https://www.simondixon.com/ › Twitter – https://x.com/SimonDixonTwitt

SPONSORS › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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LISTEN / SUBSCRIBE › Apple Podcasts: https://apple.co/40ruY9K › Spotify: https://spoti.fi/3Wc94Vu › Fountain: https://bit.ly/FountainPM › YouTube: https://bit.ly/YouTube_PM › Rumble: https://bit.ly/RumblePM

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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Hosted on Acast. See acast.com/privacy for more information.

PMQs #007 - Why Trump Wants Venezuela Jan 06, 2026

Show notes

Venezuela didn't fall apart by accident. It's the result of years of socialism, corruption and a regime that couldn't be removed by elections or international pressure.

In this PMQs episode, Peter and Conor talk through what happened with Maduro, why Venezuelans themselves welcomed his removal, and why the usual arguments about regime change and international law don't hold up in the real world.

They also look at the role of oil, US power, proxy conflicts, and why strong states operate by different rules. The episode ends on the hardest question of all: after removing a dictator, what actually comes next?

SHOW NOTES › https://substack.com/@petermccormack › https://www.inolongerconsent.com/ › https://x.com/ConsentEnds

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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TIMESTAMPS: 00:00 – Introduction 03:57 – Why Public Opinion Split Instantly 05:00 – Non-interventionism vs Reality 06:52 – Firsthand Experience Inside Venezuela 14:28 – Criticism From the West 17:29 – Oil Wealth, Poverty & State Failure 18:39 – Why Narratives Don't Match Reality 22:37 – Self-determination 24:20 – Does International Law Even Exist? 30:50 – Two Worlds? 33:39 – Tier-one Countries & Real Power 38:33 – the Risk of Unchecked Power 40:54 – "What's Next?" 46:24 – Post-maduro Choices 53:32 – Why Memes Dominate Political Reality 57:16 – Final Thoughts

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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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Hosted on Acast. See acast.com/privacy for more information.

#138 – Steve Baker – The Structural Failure of Government Jan 05, 2026

Show notes

Steve Baker is a former Conservative MP who spent years inside the machinery of British politics.

In this interview, he explains why Britain feels broken. We talk about falling living standards, a political system that keeps failing without consequence and why so many voters feel completely powerless to change anything. We also explore how a system can continue to function while delivering worse outcomes year after year.

We also discuss the problem of power without limits, money without restraint and what happens to democracy when nothing fundamental can be challenged and no one is ever held to account.

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TIMESTAMPS: 00:00 – Introduction 01:35 – Why Britain "Isn't Working" 03:17 – How the System Drifted Off the Rails 09:23 – The Real Incentive in Politics 11:10 – "You Get the Government You Deserve" 14:16 – Why Staying Home Changes Nothing 17:37 – Why MPs Fear Accountability 21:21 – The Collapse in Living Standards 23:06 – The Money Problem 26:44 – Bitcoin, Gold & Escaping the System 31:04 – Why Extremism Is Rising 34:51 – Liberty vs Control 40:22 – Britain Is Over-Governed 43:47 – There Is No Painless Way Out 47:51 – Why Politicians Kick the Can 50:08 – How Division Is Manufactured 57:00 – Why Politics Attracts the Wrong People 59:38 – Why Opting Out Fails 1:10:10 – Can the System Be Reset? 1:19:09 – Hope vs Reality 1:22:39 – Final Warnings

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CONNECT WITH STEVE BAKER › Website – https://www.stevebaker.info/ › Twitter – @SteveBakerFRSA

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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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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Hosted on Acast. See acast.com/privacy for more information.

PMQs #006 - The Quiet Leviathan — Inflation Is Breaking Everything Dec 31, 2025

Show notes

Inflation is the thing breaking everything.

Not just prices - but trust, politics, institutions and people's belief that the system even works for them anymore.

There's no sudden collapse coming and no dramatic moment where it all falls apart. It is slower than that and we're living through it right now.

In this episode of PMQs, I talk through how inflation hollowed out living standards, why people are withdrawing from politics altogether, and why what looks like incompetence is often something closer to design.

This isn't left vs right. It's extraction vs creation.

And once you see it clearly, you can't unsee it.

SHOW NOTES › https://x.com/Uncommonsince76/status/2001686827292311555 › https://www.inolongerconsent.com/ › https://x.com/ConsentEnds

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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TIMESTAMPS: 00:00 – There Will Be No Dramatic Collapse 01:17 – "This is How the World Ends" 03:45 – Why Decay Feels Normal 07:22 – Inflation as Quiet Theft 12:27 – Who Inflation Really Benefits 18:41 – Withdrawal of Consent 26:10 – Why Politics No Longer Works 34:55 – the Illusion of Reform 42:30 – Creation vs Extraction 51:01 – Why I'm Done Voting

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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

Hosted on Acast. See acast.com/privacy for more information.

#137 - Larry Sanger - Will AI Replace Wikipedia? Dec 29, 2025

Show notes

In this conversation, Larry Sanger explains how Wikipedia's governance structure allowed anonymous editors, activist groups, PR firms, and institutional power to capture what became the world's default source of truth.

This isn't a culture-war rant. It's a structural explanation of how neutrality failed and why reform may no longer be possible.

We discuss: – How Wikipedia was originally designed – Why expert review was rejected – Anonymous power and editor oligarchies – Activism, PR firms & source blacklists – Israel, Trump & political bias – Why "consensus" became enforcement – Whether AI will replace Wikipedia – Why Sanger believes Wikipedia may be finished

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TIMESTAMPS: 00:00 – Introduction 01:52 – How Wikipedia was originally built 09:13 – Wikipedia as a de facto truth engine 12:42 – Anonymous power inside Wikipedia 14:56 – Editors, bans and arbitrary authority 20:24 – Israel, Trump & political bias 27:29 – Activism, PR firms and capture 32:11 – Can neutrality even exist? 37:02 – Can AI be more neutral than humans? 41:03 – Testing Wikipedia with AI 49:03 – Is Wikipedia cooked? 58:56 – Why "consensus" became enforcement 01:05:30 – Source blacklists explained 01:15:12 – What Wikipedia has become 01:33:37 – Will AI replace Wikipedia? 01:40:24 – Would Sanger turn it off? 01:44:01 – Final warning

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CONNECT WITH LARRY SANGER › Website – https://larrysanger.org/nine-theses/ › Substack – https://larrysanger.org/2025/10/grokipedia-a-first-look/ › Twitter – https://x.com/lsanger › Son's Website – https://encyclosearch.org/

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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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

Hosted on Acast. See acast.com/privacy for more information.

PMQs #005 - This Country Doesn't Work Anymore Dec 23, 2025

Show notes

This country doesn't work anymore.

In this episode, I explain why I no longer believe voting can fix what's broken and why the real problem isn't left vs right, race vs race, or party vs party but unconstrained government power.

This is a continuation of ideas sparked by recent debates around Nick Fuentes, Carl Benjamin, identity politics and the collapse of legitimacy in modern democracies.

I'm not calling for violence. I'm not calling for chaos.

I'm calling for something far more dangerous to the state: Withdrawal of consent.

This is a conversation about: – Why living standards never improve – Why every government consolidates power – Why identity politics is a trap – Why money printing breaks societies – And why peaceful, lawful non-compliance may be inevitable

SHOW NOTES › https://substack.com/@petermccormack › https://www.inolongerconsent.com/ › https://x.com/ConsentEnds

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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TIMESTAMPS: 00:00 – Introduction 01:55 – "This Country Doesn't Work Anymore" 05:36 – Government as an Extractive Machine 06:33 – Nick Fuentes & Piers Morgan 09:41 – Why Identity Politics Makes the State Stronger 12:22 – Voting Isn't an Option 15:00 – What Withdrawing Consent Means 22:25 – Peaceful vs Violent Revolution 29:47 – Mass Lawful Non-compliance Explained 36:27 – Creating a Movement 40:54 – Uncontrolled Money Creation 48:26 – Separation of Money & State 51:00 – Final Position: Why I'm Convinced This is Right

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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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Hosted on Acast. See acast.com/privacy for more information.

#136 - Carl Benjamin - The System That Creates Nick Fuentes Dec 18, 2025

Show notes

Carl Benjamin is a political commentator and cultural critic. This discussion focuses on diagnosis — not slogans — and on understanding consequences before they arrive.

Young men aren't radicalising because of ideology, they're reacting to a world that no longer works for them. In this conversation with Carl Benjamin, we break down why the post-war consensus has collapsed, why politics feels illegitimate and why a generation feels pushed to the edge.

In this episode we discuss: – Why young men feel shut out of the system – The collapse of the post-WWII consensus – Piers Morgan, Nick Fuentes, and generational revolt – Identity politics vs material reality – Legitimacy, consent, and non-compliance – Why politics no longer fixes anything – What happens when power has no limits – Why discomfort is unavoidable

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TIMESTAMPS: 00:04:18 – Why Young Men Feel Politically Homeless 00:11:42 – Moral Outrage vs Material Reality 00:19:27 – Why Figures Like Nick Fuentes Resonate 00:27:53 – Identity Politics and Manufactured Resentment 00:36:41 – Media Incentives and the Outrage Economy 00:48:12 – Piers Morgan, Debate Culture, and Spectacle 01:01:08 – Loss of Legitimacy in Institutions 01:15:18 – What Happens if Nothing Changes 01:32:44 – Generational Breaking Point 01:35:21 – Final Warnings and Consequences

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CONNECT WITH CARL BENJAMIN › Website – https://lotuseaters.com/ › Twitter – https://x.com/Sargon_of_Akkad

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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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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Hosted on Acast. See acast.com/privacy for more information.

PMQs #004 - I'm Withdrawing My Consent from the British State Dec 15, 2025

Show notes

I've reached an inflection point.

I no longer believe Britain's political system can fix itself. This isn't about left vs right, Labour vs Conservative, or the next election. It's about unconstrained power, broken incentives and a system that rewards failure while hollowing out the next generation.

In this PMQs episode, I explain why I'm withdrawing my consent from the British state and why so many young people have already done the same. This isn't apathy.

It's a vote of no confidence.

In this episode: – Why politicians care about only one thing: staying in power – How unconstrained government creates inevitable failure – The collapse of trust in institutions – Why young people feel betrayed by the system – Nick Fuentes, Piers Morgan & generational revolt – Why Reform and the Greens are the same phenomenon – The moral failure of intergenerational debt – Why Britain needs limits on power, not new parties

SHOW NOTES › https://substack.com/@petermccormack › https://x.com/PiersUncensored/status/1998127009981947930 › http://youtube.com/watch?v=UiAhS7AuB8k › https://www.youtube.com/watch?v=nkK312fMPsQ&t=3814s › https://www.youtube.com/watch?v=7TEnJ5pyFDg › https://graceblakeley.substack.com/p/generation-despair

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/

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TIMESTAMPS: 00:00 – I've Reached an Inflection Point 02:06 – Why All Governments Are Set to Fail 05:43 – The One Thing All Politicians Care About 08:23 – Nick Fuentes, Piers Morgan & Moral Outrage 12:43 – Why Young People Don't Care Anymore 19:18 – Collapse of Institutional Trust 24:24 – We Sold the Future to Avoid Recessions 27:10 – The Rise of Reform & the Greens Explained 30:44 – Withdrawing Consent from the State 45:13 – Why Britain Needs Limits on Power

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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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Hosted on Acast. See acast.com/privacy for more information.

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