Episode 117 - The Banking Ponzi Scheme, Bitcoin’s CIA Origins & The Trap of Debt (Part 1 of 4)

Recording date: 19th January 2026
Duration: 56mins

Is the money in your bank account actually yours — or is it just an IOU fuelling a global system of debt and control?

In this explosive Part 1 of a 4-part series from a 4-hour conversation, Doc Malik sits down with former banker and Bitcoin veteran Simon Dixon to expose what he calls the modern financial Ponzi scheme.

Doc begins with healthy scepticism, questioning whether cryptocurrency is just another “croc” sold to the masses. But Simon argues that once you strip away the scams and speculation, self-custody Bitcoin remains the only asset that allows you to truly own your wealth, transact without permission, and opt out of a failing legacy system.

Together, they break down how the banking system is built on endless IOUs, expanding debt, and structural dependency — a trap that keeps individuals, institutions, and entire nations locked into a cycle that cannot sustain itself.

They also begin exploring one of the most controversial questions surrounding Bitcoin: Was it purely a tool of liberation — or do its origins trace closer to intelligence agencies and state power than most people realise?

This is only the beginning.

Watch Part 1 of 4 on YouTube: https://youtu.be/y40U91im_iA

https://www.simondixon.com