So the UK's 10-year gilt yield - the cost of government borrowing - is now up at 2008 levels.
An 18-year high
The difference is that, back then, UK national debt was 48pc of GDP, and now it's the best part of 100pc.
So the debt service costs are much MUCH heavier.
Of the £14.3bn the UK government borrowed in February alone, no less than £13bn of that was spent on interest on existing debts - a situation which is not only unsustainable, but very close to provoking a disastrous financial collapse.
Yet still, our national discourse is all about more spending, more borrowing, more "state intervention".
When is the Labour party – and much of the listless, unthinking rump of the UK's political and media class – going to start acknowledging reality?
WHEN ....?
Antidote's doors are open next week on Tuesday 17th March! 🚪
We’re hosting our first Open Day of the year at Antidote HQ. If you’re a founder, builder, or contributor in the Bitcoin ecosystem, come trial our workspace for a day.
We have a limited number of tickets available on Luma, so grab yours now -https://t.co/MbqyNXkOiL ⚡️
🟧 Antidote membership is now open! 🟧
Whether you’re planning to pop into our office once a week or need a permanent desk, Antidote has a seat with your name on it.
Visit our website to become a member: https://t.co/6TaWCCsxp8
See below for our membership plans:👇
The real ‘should I quit my job and become a founder’ test.
If you watch the penguin video and find yourself asking ‘why?’
Don’t become an entrepreneur.
Tired of Tourist Projects?
Addressing the fatigue and risk associated with investing in fleeting, low-conviction web3 projects, contrasting it with Bitcoin Angels' focus on enduring value.