Latest / David Icke / The Global Financial Scam (Budget Version) 2026-10-29 17:24

Transcript

The Global Financial Scam (Budget Version) 2026-10-29 17:24 · David Icke

• 0:18
  Welcome to this week's episode of Chinwag. It's good to be with you wherever you are in the world.
• 0:23
  Another crazy week. Dad's so much going on. So many things for people to be terrified of if they
• 0:27
  believe that the mainstream media. But the main story here in Britain has been the budget, which
• 0:31
  everyone was kind of dreading, like they dread most budgets, which kind of sums up the power
• 0:34
  dynamic and how wrong it is. What's your initial take on what we've heard yesterday?
• 0:39
  Well, I want to talk about global finances on a bigger picture because the UK
• 0:47
  is just part of that bigger picture. But my initial response to this,
• 0:55
  I heard it called this morning a bonsai budget, is that given the state of the finances in this
• 1:06
  country, you've got a guy, Andrew Burnham, the unelected prime minister who took over
• 1:15
  from Keir Starmer, who was elected on a third of the vote and got a massive majority because the
• 1:23
  other parties split the voters. And he obviously is suffering from the constant
• 1:38
  opinion of so many people that he's an unelected prime minister. Why aren't you having an election?
• 1:48
  Now, we talked about this about a week ago about the nature of the budget.
• 1:56
  We'll tell you if they're planning an early election or they're not. And an early election
• 2:03
  sometime in the next six months or so. And it was a budget that tried not to upset too many people.
• 2:15
  And what we're going to see is if they do go for an early election in the next six months or so,
• 2:26
  and they win, have a look at the next budget after they've got in for another five years.
• 2:35
  And that will tell you what the game really is because we're not dealing with
• 2:43
  people who can be trusted. We're talking disingenuous people. We shouldn't forget that
• 2:50
  John Healy, now the chancellor of the Exchequer, was the defense secretary under Starmer.
• 2:58
  And in the period where the then mayor of Manchester, Burnham, was maneuvering to get back into parliament
• 3:07
  and become prime minister, which he did, Healy suddenly resigns in disgust at Starmer's policy
• 3:17
  as defense secretary. And then when Burnham comes in, and that resignation was quite pivotal in the end
• 3:26
  of Starmer, when Burnham comes in, he makes John Healy the chancellor of the Exchequer in charge
• 3:35
  of the country's finances. So the idea that that resignation and Burnham coming in
• 3:44
  was not connected is utterly ridiculous. So we had a budget. Now,
• 3:52
  you can tell that we're dealing with really sharp, highly intelligent people, because Healy said
• 4:01
  in his budget speech that the office for budget responsibility, it was supposed to be an independent
• 4:08
  organization, had identified the war in the Middle East as the key driver in the economic
• 4:15
  forecasts. I mean, really? No. Yeah. I mean, you know, they never miss a thing, these people.
• 4:24
  But what I want to talk about is debt in general, because Healy was saying that the UK is spending
• 4:32
  14 billion pounds more now in debt interest this year. And the national debt of Britain is
• 4:45
  catastrophic. You've got 83.2% this year as debt, as a percentage of what they call gross national
• 4:55
  product. I want to come to that as well. Ridiculous way of measuring economic
• 5:03
  well-being, and that it would be about the same ongoing. And this all fits into what I've been saying
• 5:16
  for so long, that the plan is to bankrupt nations. I mean, most of them are bloody
• 5:22
  bankrupt in real fiscal terms anyway, but to really bankrupt them and to drive them into the ground.
• 5:30
  Because what they're seeking to do is to destroy the economic system, indeed the system in general,
• 5:38
  but the economic system so that they can bring in their new one, which is based on digital
• 5:44
  currencies and artificial intelligence and all the rest of it. And the US, the US government
• 5:52
  debt, is now over $40 trillion. Now that's ridiculous. Oh no, we're going to reduce the deficit. We are,
• 6:02
  and we're going to get the money paid back. Oh, come on, man. You're dealing with Cuckoo Land
• 6:11
  figures. This is not going to happen. It's going to get worse. Why? Because it's meant to get
• 6:16
  worse. And this is why, if Burnham wins an election, you watch the budget that follows that
• 6:24
  election in terms of screwing the population. So the idea is, and this is happening around the
• 6:33
  world, particularly the Western world in terms of the agenda, to bring nations to their knees,
• 6:45
  to bring the populations of those nations into a state of dependency and deprivation
• 6:52
  so that they can then bring in their new system. And I was watching a Sky News analysis just before
• 7:02
  the budget. And it was excellent actually. And it was looking at the state of finances and the
• 7:13
  debt. And it wasn't just the scale of the debt. It was the speed in which it's been accumulated.
• 7:23
  So it took, from the time the United Kingdom was created, all the way to 2010, to reach
• 7:34
  1 trillion in debt, 1 trillion pounds. It then, between 2010 and 2020, just 10 years,
• 7:45
  it reached 2 trillion. And it's now reached 3 trillion in six years. So where is this going?
• 7:56
  It's going towards, as is the plan for the world, bankruptcy of whole nations.
• 8:04
  This is a clip from that analysis. It's really good.
• 8:09
  We have not run a surplus. We haven't generated more tax than we've spent for some 25 years.
• 8:16
  And the market is aware of this reality. So even if he comes in and promises,
• 8:21
  just give me a couple more years and I'll balance the books later,
• 8:24
  the market doesn't believe him because 10 chancellors, 10 chancellors that we've had since the last
• 8:31
  time we ran a surplus have made that very same promise and they failed to deliver. They've run
• 8:36
  a deficit every single year of their parliaments in the last 25 years. And just to state the
• 8:43
  office additionally on this, if you run a deficit in one year of 12% of GDP, that gets added
• 8:49
  to our cumulative debt pile plus another four, plus another four, plus another four.
• 8:53
  And that puts our cumulative debt pile that we have to pay off and service in the meantime
• 8:58
  at about 100% of GDP. But I want to look at that debt pile on the next chart in monetary terms.
• 9:04
  It's a bit crude rather than percent of GDP because of course the value of a pound diminishes
• 9:08
  over time. You might see in the headlines last week that we hit 3 trillion pounds of
• 9:13
  debt for the first time. How did we get there? Well the first trillion pounds of debt this country
• 9:19
  accumulated was accumulated over about three centuries. It took us about 300 years to get
• 9:26
  to one trillion pounds of debt. We accumulated the second trillion in about a decade by 2020
• 9:33
  and last week we crossed three trillion six years. That line exponentially surging as it is
• 9:41
  looks pretty scary and it is. The pace at which we are accumulating debt is getting out of hand.
• 9:49
  So the interesting things that are raised there, the actual accuracy of the reporting is quite
• 9:55
  surprising for the mainstream media because it was put in a way that people can understand
• 9:58
  and actually comprehend just how much that is when they compare it to like their personal
• 10:02
  loans, mortgages or whatever they might have personally. They see those kind of numbers.
• 10:05
  To hear that you're spending 10% just to service it, just an interest
• 10:10
  payment not to lower that down and people then can apply that to their real life situations,
• 10:15
  it's utterly astonishing. Utterly astonishing and like you say you're never paying that down
• 10:20
  then that's only just going to get added to and added to and added to.
• 10:24
  Yeah and here's the question. They're the government. They're supposed to be running the
• 10:31
  country. Why are governments borrowing money from the financial system, the private financial system
• 10:41
  and elsewhere? Why are they borrowing money to pay back at interest, interest that keeps rising?
• 10:52
  They're the government. Why aren't they issuing their own currency interest free?
• 10:58
  So there is no payback. This is a question that's never even asked, never
• 11:08
  raised in the political arena. Who benefits from governments borrowing money from the financial
• 11:20
  system instead of creating their own currency interest free? The bank. The financial system
• 11:32
  which is privately owned by your billionaires and privately owned and controlled by what I call this
• 11:39
  global cult and that's why it's never raised. They never even think about it. Hold on a minute.
• 11:47
  Why are we, we're the government, right? Why are we borrowing money at interest which the
• 11:54
  people have to pay back and not just creating our own interest free? It's a bloody no brainer
• 12:09
  and this Sky News analysis went on to talk about how the debt is being surfaced
• 12:24
  and is being, well, basically drowning the governments of the world in this case, the UK.
• 12:37
  That's the thing that people don't ask the question. When you see the world debt,
• 12:40
  like you pointed out before we started, that's just the government debt. That's not the nation's
• 12:45
  debt. That's not every bit of debt that every single individual in the country has on their
• 12:48
  mortgages, their loans, their credit cards. You add that number, it's eye watering even
• 12:53
  compared to three trillion. It's beyond belief that the debt of the people added to the debt
• 13:00
  of governments and of course what then follows because of the debt and the interest is taxation
• 13:14
  goes on screwing the people and that's what this second clip from the Sky News analysis was talking
• 13:21
  about. It's not just because each year we're borrowing a little bit extra that gets added
• 13:27
  to the pile. It's because the cost of servicing that debt is rising too because interest rates have
• 13:33
  risen. If we look at the next chart, we talked about this a lot in the last couple of weeks,
• 13:37
  of course, interest rates are at a 20-year high. There is our 10-year borrowing costs,
• 13:41
  not only of course do we have more debt to pay back but each year we have to service it and
• 13:46
  the cost of servicing that debt is rising. If we look at the next chart, we can see what this
• 13:50
  means on government spending. This is a chart of the percentage of overall government spending
• 13:56
  that is going on just servicing the interest, on just treading water if you will. For most of the
• 14:01
  last decade it's been about 4% or so of government spending. It's now about 8%. It's roughly doubled
• 14:07
  in the last few years because of the increase in borrowing but also the increase in interest rates.
• 14:14
  Just for some context, that means we're spending more on just standing still, no productivity
• 14:19
  gain of course from servicing interest than we are on defense, than we are on transport,
• 14:25
  than we are on the home office. The only parts of government spending that are above this are healthcare,
• 14:33
  welfare and education, extraordinary position to be in. Another way of looking at this is that for
• 14:38
  most of the last 20 years of the three levers the government can pull, spending more by borrowing
• 14:44
  was seen as the easy way out, the kick the can down the road way out. Maybe it was full hardy,
• 14:50
  maybe it was creating problems down the road but in the short term it was the easy way out
• 14:54
  and perhaps an easier decision for a chancellor than putting up taxes or cutting spending.
• 15:00
  That's no longer the case. More borrowing is probably the hardest task, the hardest route
• 15:05
  forward. So what can he do instead? He could put up taxes. Well let's have a look at the tax
• 15:10
  button. The tax button is at the highest level ever, excluding peaks of World War II. So look,
• 15:17
  you can put up taxes more if you need to but at some point and we don't know exactly where
• 15:22
  this point is. You'll hit the law of diminishing returns of taxation. You put up the tax rate
• 15:28
  but tax revenue falls because for example people leave the country. We don't know how much further
• 15:34
  we can push that barrier but we are in uncharted territory relative to our recent history and
• 15:40
  again what you just have to say, if the chancellor takes that path you've been warned.
• 15:45
  You're aware of the situation that you're inheriting which is already very high
• 15:50
  taxation. I found it interesting that he did acknowledge that there comes the terminology
• 15:55
  used, the tipping point basically, where you raise taxes to such a point that actually what they
• 16:00
  bring in drops because people leave the country, people can't afford it, businesses go under,
• 16:06
  they don't employ, they don't hire people, they don't increase wages, people don't spend money
• 16:10
  and all of that and they're kind of walking that tightrope now aren't they? So that next
• 16:13
  that next budget is going to probably go into those realms isn't it?
• 16:18
  Well the thing is that if your plan and it is of this global cult network to bankrupt nations
• 16:30
  then you want that point to be reached where you get in so much debt and interest on debt
• 16:43
  that you screw the people into the ground trying to manage a bankrupted economy
• 16:53
  and in the end you reach a point where the whole thing crashes and you know if people put together
• 17:04
  all the taxes that they pay are not just in Britain around the world all the taxes they pay
• 17:13
  and put them together and then take that from their income. They would be bloody shocked
• 17:21
  at how little income they have left after the taxation. Taxation of income tax,
• 17:30
  you have property tax, you have sales tax on things that you buy, you have insurance tax,
• 17:38
  you buy a home and you pay a tax, then when you die you have inheritance tax
• 17:46
  where the government takes great chunks of your wealth, not really massive wealth these days as
• 17:55
  the inflation goes up but you take money that's already been taxed multiple times and then you
• 18:08
  take tax it again to stop it being passed on to the person's family and if you put all that together
• 18:21
  all the different taxes and you take it from your income the amount that's left would be shocking
• 18:31
  and how we kind of put up with it and there's this other thing I mentioned it earlier this
• 18:35
  thing called the gross domestic product right this is the way it's described gross domestic product
• 18:45
  GDP is the total market value of all the goods and services which are produced and rendered during a
• 18:53
  specific period of time by a country or countries so all they are measuring as this definition goes on
• 19:04
  it's measuring economic activity it's not measuring good economic activity or
• 19:14
  positive economic activity it's just measuring activity now that doesn't
• 19:21
  take into account for instance you have a massive oil spill yeah well cleaning it up
• 19:29
  you don't want the oil spill obviously you don't but cleaning it up adds to GDP
• 19:36
  you've got AI is adding to gross national product as the gross domestic product as the
• 19:50
  companies push along with AI but AI is taking jobs galore from people and we've seen nothing yet
• 20:00
  but gross national product GDP will register that as a positive thing oh GDP oh growth's
• 20:10
  gone up yeah and I found this this quote in a GDP definition population growth through mass
• 20:22
  immigration can raise consumption and demand for public services thereby contributing to GDP growth
• 20:32
  and so all the migrants coming in and going on the the government payroll
• 20:42
  uh that's all seen as a kind of a positive thing it's it's it's it's unbelievable
• 20:52
  but these are the measurements you see if you if you break it down
• 20:58
  how the very measurements of economic well-being are ridiculous they have no uh they make no
• 21:10
  sense whatsoever and and what GDP does is measure more it measures more everything is more like
• 21:23
  we're treating more people than ever before why yeah why are so many people ill yeah and a sensible
• 21:36
  sane economy would measure its um its its activity and its success on the basis of
• 21:48
  fewer not more so it would say how few people are ill how few people are homeless how few people
• 21:59
  are suffering economic hardship how um few people are depressed and unhappy yeah that's how
• 22:07
  you would measure a sane economy uh but it's inverted everything is more more more more growth
• 22:17
  more this more that but growth of what exactly yeah and on what basis and um quality of life's
• 22:24
  never discussed quality of life never discussed and and now you're seeing not least because of the
• 22:31
  the the situation in Iran and the situation in Ukraine you're seeing inflation going through
• 22:38
  the roof now how is that going to um add to the well-being of the people how is more taxation
• 22:47
  going to add to the well-being of the people and and so the the real measurements of of economic
• 22:57
  success and society success like how many how many how well how few people are unhappy how few people
• 23:05
  are in a state of deprivation how how few kids go to bed at night hungry all these things that
• 23:16
  should be the measurement of true economic success are turned on their heads and the economic
• 23:27
  results of this ludicrous government policy which you find all over the world
• 23:34
  is that the measurements are going up more and more people are unhappy more and more people
• 23:44
  are and kids are going to to bed hungry more and more people are being pulled into deprivation
• 23:51
  more and more businesses typically small businesses are going under so the the whole
• 23:58
  foundation of the economic system is based on a fallacy uh is upside down is inverted
• 24:09
  and um and as a result we're heading towards uh global bankruptcy and um that's exactly what this
• 24:18
  cult has been um aiming for all along you used to have a really good part in your presentation
• 24:23
  where you talked about how a real intelligent person can explain something very complex very
• 24:29
  simply someone's trying to bamboozle you with words it's because they probably don't
• 24:32
  understand the concept or they're trying to manipulate you in some way and you hear the
• 24:36
  economics is talked about on television except that sky report to be fair which was quite quite easy
• 24:40
  to understand it's talked about in a way that people watching it are going oh it's gone over my
• 24:44
  head so those descriptions of how they measure things that you read out that anyone with the
• 24:49
  when they have them explained to them as you've just done will go well that doesn't make any sense
• 24:53
  what what why why what does deficit mean what does gdp mean what and they do it in a way that
• 24:58
  just allows them to hide when anybody that runs a house or runs anything goes well if I spend more
• 25:03
  than I earn that's not going to end well eventually people understand that concept is pretty basic
• 25:08
  but the government's managed to just bamboozle people with language so they don't
• 25:13
  understand that actually it is as basic as that when you strip it back it is as basic as that
• 25:17
  we strip it back and that allows us to segue into an interesting one which you've spoke about a lot
• 25:21
  which is we've never not been able to go to war because there's not enough money there's always
• 25:26
  enough money to do that we can't not give money to ukraine there's always money for that
• 25:30
  another 10 billion yesterday and that clearly shows where not just where the priorities are
• 25:37
  and where the agenda is going but the whole concept of money is a scam because if it's
• 25:42
  an agenda project there's always money there's always money for it which takes us on to some
• 25:46
  of the stories we've seen this week about thousand days to war prepare for war which again nobody
• 25:52
  wants how how many times as a government said we can't go to war because we can't afford it
• 26:01
  no there's always money for war now it the thing is the global financial system is controlled by
• 26:12
  this global cult and this cult has an agenda it's this cult that's pushing AI and AI human fusion
• 26:20
  and all these digital control systems to get more and more and more and more control
• 26:26
  over the population and it's controlling the global banking and financial system
• 26:34
  so it's always going to and it controls the political system don't matter which party
• 26:42
  even if the the the party leadership is not answering to this cult they are answering to
• 26:50
  the circumstances created by this cult and so it makes total sense suddenly of what would otherwise
• 27:00
  not which is that there's always money for war there's always money for the the projects
• 27:08
  and the changes in society that this cult wants to bring about and like you say we we're now
• 27:17
  being told to to prep for a war and the theme is not just in the UK it's well it it's
• 27:33
  increasingly in country after country including the united states and this week the inspired
• 27:40
  channel on on youtube used this clip to to make that point the pentagon preparing for a nightmare
• 27:49
  scenario a global war that could knock out power grits cripple supply chains and leave military
• 27:55
  bases cut off from essential services achieve national security correspondent jennifer griffin
• 27:59
  reports live in washington well the pentagon has a doomsday plane and now it's updating its
• 28:04
  doomsday plan moving beyond its cold war era continuity of government planning which called
• 28:10
  for key military leaders to retreat to hardened facilities in shyon mountain in the event of
• 28:16
  an incoming nuclear attack now the pentagon sees a new nightmare scenario a global war that knocks
• 28:22
  out america's power grids cripples supply chains and leaves us military bases cut off from
• 28:27
  essential services other allies including the uk have been warning their populations to stockpile
• 28:34
  90 days of food and water just in case under the new pentagon initiative called fortress every major
• 28:41
  military installation in the continental us would be expected to operate independently for at least
• 28:46
  90 days meanwhile british families are suddenly being told to stock up on emergency supplies
• 28:52
  and to prepare for devastating attacks we are unquestionably facing a greater threat to this
• 28:58
  country than we have certainly for most if not all of my lifetime west streeting the uk's defense
• 29:04
  secretary went on a media blitz to push a new be ready campaign to boost brit's preparedness
• 29:10
  for crises ranging from russian tanks rolling across its borders to terrorism and cyber attacks
• 29:15
  crippling domestic infrastructure be ready by just having some everyday essentials indoors
• 29:20
  tin goods in the cupboard to last you a few days and then things like torches that are battery powered
• 29:27
  mobile phone charging packs do you have enough cash indoors if the local payment systems were down
• 29:36
  so you can see that there's a common theme and when i've researched this this cult now for 36
• 29:45
  years you see the common patterns when when when people are starting and governments
• 29:52
  starting to say the same thing you think oh here we go yeah this is coordinated think of
• 29:57
  covid for instance and the way that was coordinated and so it's leading somewhere they've obviously
• 30:03
  got plans in place for catastrophic upheavals yeah we're seeing the destruction of of the the mobs
• 30:20
  in the the the cities in places like france and and italy and and elsewhere and and you can see
• 30:29
  society breaking down and and if if anyone is seeking to challenge governments violently
• 30:40
  you're walking into their trap absolutely because that's what they want so that they
• 30:47
  can respond in a way that suits the agenda and so you know we've really got to put down the
• 30:57
  fault lines that divide us and realize that we're all in the gun sites of this this force in the
• 31:06
  background in the shadows is working through all these different governments and and and and realize
• 31:13
  that fighting among ourselves and not focusing on a common threat is how we got into this mess
• 31:23
  and so it ain't going to get us out of it no it's not and i think one thing finally on this
• 31:28
  subject that i think people don't necessarily comprehend is if there's a major conflict
• 31:33
  if you compare it to the first two world wars people were generally in the nation that they
• 31:38
  were born invariably now because of immigration right across the world pretty much every country
• 31:44
  whoever whichever country you go to war with there's going to be quite a lot of people from
• 31:47
  that country probably in this one and so i would imagine if the us went to war with china for
• 31:50
  example how many chinese and america universities and so on the potential for not just conflict
• 31:55
  on the television in different parts of the world the conflict for potential for conflict on the
• 32:00
  streets you know there's i remember this being discussed a few weeks ago there's there's quite
• 32:04
  a large Iranian population here in britain for example if britain was to go and get involved
• 32:08
  in that potential for fights in manchester birmingham london it would be unlike anything that we've
• 32:13
  ever seen before if people fall for the bait which i'm hoping they won't if they fall for
• 32:18
  the bait the the thing is that once you realize this this this cult coordination of the the of
• 32:26
  global events then you start to see how they can prepare for something down the line here so it's
• 32:37
  not just that for instance and it's absolutely right that you've seen this mass movement of
• 32:44
  people from different cultures into other cultures which creates tensions that we've seen around the
• 32:52
  world it's also that if you notice you've got companies corporations from based in one country
• 33:01
  that have bought up major infrastructure you know things like energy supplies water supplies etc
• 33:08
  in in another country and then people in that that second country they bought up
• 33:18
  the same in in other countries and so again it's not just that you've not got
• 33:25
  the the so many in the public who are who are in allegiance with the country they're in
• 33:34
  you you've got major infrastructure and basic services in countries owned by people
• 33:43
  and corporations that also have no allegiance to the country that they have those infrastructure
• 33:52
  monopolies in yeah so it's it's been done systematically and as i've been saying all
• 34:00
  these years the idea is to move the power in the world eastwards to china and again you look at
• 34:09
  the economic story where western companies not least in america they outsourced all their
• 34:20
  supplies to and production to the east and to china and so they've given china control over
• 34:29
  so much of the the global supply chain now that is not an accident that is by design
• 34:36
  step by step by step moving power eastwards and if you don't see this global coordination
• 34:44
  through this this this cult this global network of secret societies with an interlocking leadership
• 34:52
  then you're never going to get what's happening in the world because you're going to see the
• 34:58
  individual dots like heli's budget this week and you're not going to see the real picture of
• 35:06
  what's really going on no exactly and that's why so many people get bits but don't don't get the
• 35:11
  bigger picture where it's coming from right we're going to move on if you're watching with us on
• 35:15
  youtube twitter or rumble then head to iconic.com click the link in the description we're going
• 35:19
  to talk about the us midterms the israeli election UFOs and just what is coming off these smartphones
• 35:24
  see you over there if you want to read more and watch more of my content then go to the description
• 35:31
  under the video where you can buy my books the latest one is the roadmap where you can get tickets
• 35:38
  for public events and how you can subscribe to a fantastic video channel called iconic iconic.com