29th September 2025 > > Richard Coles, Adam Livingston, & Andy Burnham.
- Mark Timmis
- Sep 29
- 4 min read
Updated: Sep 30
tl;dr
Richard Coles, Adam Livingston, and Andy Burnham are all connected, but in a way they might not yet fully appreciate.
Market Snap
Market Wrap
My publicly expressed desire to be able to buy more BTC at less than six figures (https://www.curiouscryptos.com/post/27th-september-2025-spot-sol-etfs-the-britcard) seems to have put the kybosh on that plan. Perhaps this is the reason:
Never forget – we are all still very early to this game.
Curious Cryptos’ Commentary – Social good
It is interesting how some things, seemingly unconnected, fit together rather nicely.
If you will excuse the name-dropping, last Wednesday I spent a delightful afternoon in The Old Forge, Britain’s most remote pub (https://www.theoldforge.co.uk/), with Richard Coles and his friends. As one would expect when in deep discussion with one of the pioneering musicians who helped to define 1980’s pop culture with Bronski Beat and The Communards, as well as being one of the most influential gay rights activists of that time, we talked a lot about cryptos. Oh, and gilts too. More on that latter topic later.
With regards to cryptos, naysayers will never get it, because they have already made up their mind.
For those that are crypto curious, I do have one specific tale I like to share with them. A study by the World Bank put some numbers on the amount of cash remitted from workers overseas back to their families in “low to middle income countries”. Eight hundred million people benefit from these remittances totalling a staggering $626 billion (a number that is suspiciously too accurate for my liking), of which at least 10% - 15% is lost in transaction fees. The smaller the amount sent back home from these mostly uneducated workers engaged in arduous and back-breaking work, the greater the financial penalty in percentage terms. This is one of the world’s most egregious social injustices but receives little to no attention from those who vociferously complain about some other topical issues. The cynic in me puts that down to a belief that nowadays those who shout most loudly on social media do it simply to convince others of their virtuousness, and therefore choose fashionable causes, rather than any real conviction or commitment to what they are shouting about.
But putting that complaint to one side, cryptos solve this iniquitous issue with instantaneous transfers of dollar based stablecoins at zero cost.
Helping nearly one billion people to achieve their desire to move out of dire poverty will be one of the shining achievements of the crypto revolution taking place right here, right now.
Curious Cryptos’ Commentary – Moral good
I came across this video on YouTube by Adam Livingston making the moral case for BTC:
Titled “Why Bitcoin ends the war machine”, he unfortunately begins his piece with a quote misattributed to Mayer Rothschild which is often used in antisemitic conspiracy theories. As far as I can see, he does not subscribe to such nonsense, unlike his near namesake who was Mayor of London for many years, but if anyone has knowledge to the contrary, please let me know, and I can make suitable edits to this missive.
Adam talks about a subject we often cover here in the CCC – the ability of governments to simply print fiat money to make up for their fiscal incontinence, aptly summed up in this meme you have already seen many times:
Adam’s hypothesis is a simple one:
“Monetary power is political power. When a government can conjure currency with a few keystrokes, it acquires the means to project violence far beyond what citizens would ever approve of if the bill arrived as a direct tax. In other words, fiat money is the silent partner of every modern war.”
His solution is Bitcoin.
There you go, social good, and moral good, in two short stories. Gotta love cryptos.
Curious Cryptos’ Commentary – Not good at all
But what of Andy Burnham, I don’t hear you shout. Well, bear with me, because this is important.
Burnham, currently Mayor of Manchester and self-anointed “King of the North”, will almost certainly be Prime Minister of the UK long before the end of 2026, though I note that Polymarket does not agree with me, presenting a very enticing opportunity:
Burnham opened his pitch to replace Starmer with his claim that:
“The UK should not be in hock to the bond markets”.
The bond markets have taken down several PMs over the years, Liz Truss being the latest victim, whilst also triggering Black Wednesday just over thirteen years ago, so Burnham might appear to be a brave man putting two fingers up at the capital markets.
But he isn’t, he is simply ahead of the game, reflecting the new reality that will be upon us next May. Regular readers know all about this already:
In short, Stephen Miran, who will be the next Chair of the Fed, has publicly voiced his opinion that the Fed should always control the entire yield curve. This always used to be the case, though those of us who were still teenagers when “Smalltown Boy” and “Don’t Leave Me This Way” were released and can barely recall the restrictions on the free exchange of foreign currency, may not know that to be true. Miran’s proposal will ensure much lower interest rates overall, and a forever upward sloping curve. Burnham knows this is coming, he knows that the UK will have to follow suit, and therefore he is right in his statement above, for the Bank of England will manipulate the gilt market with the imposition of permanent quantitative easing. The UK will never again be in hock to the bond markets – the Bank of England will simply fiddle the markets to suit its political masters’ needs.
I have said this before, and I will continue to repeat it time and time again. QE, and its satanic sibling Modern Monetary Theory, are as far away as possible from being progressive. They are policies designed to make the rich richer, and the poor poorer. Trump, using Miran as his conduit, will lead the way. Burnham, the hapless Andrew Bailey, and convicted criminal Christine Lagarde on behalf of the EU, will be overjoyed to follow in his footsteps.
Stop going to the pub, stop eating out, stop spending any entertainment dollars, and accumulate hard assets as quickly as you can, for May is not far away.
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