Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
1.) Government prints money 2.) House prices and other assets inflate 3.) Regular people pay more for rent or mortgage 4.) Regular people have less money to buy anything else 5.) Results in flat / broken economy where all money is funneled into assets and ultimately the pockets of the rich
Great video! I believe the UK needs to lower its energy costs, this would directly reduce inflation. In turn, the Bank of England could lower interest rates, allowing growth across the economy. Energy costs are critical because they impact every aspect of business and money creation. Over the past 4-5 years, rising energy costs have been a significant driver of UK inflation, exacerbating economic challenges and then the bank of England has chosen to make things worse by increasing (and holding) interest rates. With these two things its basically holing the UK (UK PLC) prisoner to growth.
@GM-mz1js we are going to see a natural resources problem In 2025 banks are insolvent no deals no loans and no deposits I'm waiting for the debt market meltdown on a global scale
How does splitting the energy grid into regions helps reduce consumer costs. Energy prices for parts of the UK would spike further whilst other lower. It was also see manufacturing shifting from some areas to others devastating where they left. Ridiculous idea
@@glostergloster6945 so why even have a bond market. Let the government borrow and spend. Why bother working we can all just live on benefits. What could possible go wrong.
The British government has created 200 billion £ since Covid, why do hardly any economists (bankers) talk about the damage this has done to our economy??? And where is the money now ??
The money went to people who were stupid enough to listen to the bs from the media and government that's were it's gone and we are going to see 10 year guilt yeilds spike above 6 percent an auction is going to go no bid great for them 1st time buyers who will get properties at a discounted rate
BOE should continue to sell otherwise whats the point of even having a bond market. Why dont we just monetise the UK debt like Zimbabwe did? again all silly policy. There is a reason why the BOE was given independance and further mandated under the 1998 Bank of England Act. This economist should go look at the 10 year gilt rates before 1998 and after. If the government keeps meddling you will just see higher gilt rates. How about the government attempt to run a budget surplus and we remove government central planning that only ever has exacerbated income inequaltiy. Having more inflation just hits the poor even more.
Reeves' fiscal rules translated: "This, (and previous) government's spending policies are unsustainable but these rules show we are at least constraining ourselves somewhat. Please keep lending us money." Ditching her rule would send a signal that we're abandoning reason for madness.
They need investors to invest in the UK. I would campaign for the government to introduce tax incentives to encourage everyone to invest into the FTSE.
I am not British or in Britain (Swedish in Sweden). From the outside it seems UK productivity is long term issue and whenever a general cirsis hits you are slower to adapt to it. Brexit was a homemade issue but most are interntaional and affects all western economies at the same time. Brexit will be ten (10) years before you have new plan/alternative path even. At best. Iceland can handle being outside the EU and still cooperate economically. The 2008 banking crisis hit Iceland a lot worse than the UK. She has handled 2008 probaly better than the UK despite that by now... English is now stronger than ever. Due to the debt/asset economy having good financial markets and acess is more important. India is the worlds largets nation by population, Pakistan the 5th, Bangladesh the 8th, Nigeria one of the most growing countries (by population). They speak English and have education systems etc similar to yours. When a Scandinavian visit the UK it is like timetravel seing buildings last renovated in the 1980s or 1990s. Get some post year 2000 windows, isolaltion and stuff in for Gods sake... Sure when you are heavy into debt you are always under pressure but come on. Italy has way higher debt, worse aging population etc and still a lot lower interest reates. You are paying premium rates and seen as extra risky all around. Sober up!
To get economic growth up. Cut government spending by cutting the welfare and unneeded government departments. Raise interest rates to raise the pound so input costs such as energy prices come down. Constrain the government in terms of planning. it is funny productiviy has flatlined since 2008 with ZIRP and QE. Businesses dont invest in research and development and equipment to raise productivity if they are clobbered with increased costs because of a debased currency.
@DarrenSmith-tq2xz no Austrian Economics F A Hayek. Lived through the financial crises of 08. Lost my job and wondered why even though I thought I was doing well. Did the so called silly thing of renting a room in a shared house trying to save a deposit for a house.
If anyone wants to look at data have a look at uk 10 year golt rates before 1998 and after. The Bank of England Act of 1998 came in to force. As the BOE was considered independant the markets we happy to lend to the UK gov. Generally I believe that the theory of Keynesian economics is that when the economy is good the government should run a budget surplus ready to spend when the economy is bad. Notice that the government had to do QE to bail out the banks in 2008. Hence why Economics is a soft science which exacerbates a sort of cult like behavour hence why we have had subsequent bad policies since then. You see the problem with QE is that you have to do QT or you monetise debt. based on this personally I took out a 10 year fix rate mortgage at 3.05 percent have cash savings precious metals stocks pension. Ill get hit on a few of my assets but I think it will balance out. we can all blame reeves budget but where were the treasury?
The important question of the day is what wine does Steph have in her integrated wine cooler? is it some Leroy, DRC and Lafite or is it wine from the local supermarket?...
The UK is a right-leaning, capitalistic nation - guided by principles of personal responsibility. So the first thing we need to do is get government out of the way. All benefits/disability payments/public pensions/other entitlements need to end this year. Some of the vast sums saved from eliminating the welfare state need to go to properly funding things like national defence and criminal justice. But the largest chunk should be slashing taxes across the board to drive growth and investment. These moves completely rebalance the economy to the advantage of people who create wealth, work, value, and contribute. All else has failed. Let's go for Singapore-on-Thames that was promised by the EU referendum.
@@henrydeval150 If you took state support from pensioners , then we would have streets full of dead people by this time next week. Even though they are the richest age group , they simply couldn't afford medicines .
Lot of hope in this outlook ... no mention of stagflation which is a serious risk for the UK. Budge was inflationary and anti growth .... doesn't matter if rates are being pushed up by external forces ( the correlation between UST and Gilts is quite high ) our debt and therefore borrowing requirements are what they are ... what we are seeing is the UK being singled out despite it being a widespread phenomenon.
Lol, Gerard Lyons is the biggest crank of them all. He literally told us Brexit was great because it would wipe out all our manufacturing (and that was a good thing).
Wasn't it Minford who said that? Tbh, though, in a world with China not being in low and middle-end manufacturing is looking to be the best place. The Brexit thing is looking increasingly curious - exports to the EU have increasedi n real terms since Brexit and that should have been impossible. I don't think the single-market was quite the thing it was claimed to be.
The answers are there, what the country needs to do to face globalisation. But the electorate punishes brave Government's when taxes rise, as seen in recent polls with Labour. so we have a cloak and dagger tax policy, fiscal drag, and other taxes not apparent until selling assets. And so we swing politically from left to right, right to left, Beleveing that governments have hard levers to power when in fact it's the treasury. With an impatient public, not politically engaged, and only months ago, a self-serving, donor persuaded, one of the largest being the big house builders in the country (land banking)Tory government. And so it go's on and all will be well when we have control of our borders Ha ! With all this. Being an economist and making sense of it all must be like juggling a bag of water. Is there light at the end of the tunnel, or is it a train coming to hit us ? Start with the days of low taxation are over with ALL political parties.
the BOE recently released a report taking the blame over the so called Truss budget. Problem with media is that they never revist. Read the report its very telling.
Except it really isn't. Few now talk about it whereas a couple of years ago it was common to try and shoehorn it into everything. All the forecasts have more or less fallen-flat so little wonder. Even the Guardian are now running pro-Brexit articles and when that happens you know it;s over.
So as this video seems to allude with stimulating the economy. Today Jan 13 2025 you have seen the pound drop further against the USD surly then our esports will be cheaper therefore we should all rejoice. or perhaps your economic theory and your implementation of keynesian economics is just incorrect?
We don't exsport anything other than financial services we don't make anything we need to have a strong currency to attract investment money always seeks yeild
@DarrenSmith-tq2xz exactly. back in the day they debased the currency on the back of making our exports cheaper and having GDP growth. Its telling now that the currency is devaluing they are doing a 180.
You do know of course Lyon’s was a Brexiter, I can’t stand the idiot so I won’t be watching, but if he doesn’t mention Brexit it’s due to shame because he knows that Brexit is a major cause of the situation we are in, when a nation does something so fundamentally stupid as ruining their trading relationship with their major trading partner the population can only blame themselves and the idiots that got them there.
@@timangus Can you explain the failure? GDP per capita has more or less tracked the large EU countries, UK exports to the EU have increased in real terms, and now both the OECD and IMF have the UK to grow faster than France or Germany next year. The LSE report from the other week more or less nailed the coffin shut in the 'disaster' narrative. There's a reason few are now talking about it.
and we will all use USD to trade with each other. If the govenrment stops us we might as well use mobile top up cards to trade with each other as they did in Zimbabwe.
The UK is a Fiat currency. The UK government can't go bankrupt. Government should simply stop borrowing and except the budget deficit. Its effectively meaningless if you follow MMT
It can go bankrupt, as Weimar republic discovered. GBP isn’t global reserve currency. Try (again) to inflate debt away and there will be a gilts strike and no money to buy anything as the value of the money becomes worthless. So, yes, the UK can easily bankrupt itself.
@@michaellewis7758you are spot on we are already bancrupt debt to GDP 150 this can never be paid there going to allow everything to calaps and then there going to force everyone in to the tokenised slavery system is
The debt interest is linked to the consumer price index inflation. So that plan would only work if you could print all the money without increasing inflation and dealing the currency devaluing massively, maybe you could time it right, especially if other currencies globally are collapsing first, but you’re going to loose a lot of credibility and very few institutions would lend to the government for years after.
sure and you never get the best people in a nepotism. in order to be chancellor you have to be in the political party. So the question is, why didnt the trasury push back on the budget?
They already have, hence flight from the UK. Ultimately increasing taxes results in less tax money collected. Basically at some point the government has to live within its means.
Because the Ritch have already left how about the government cut unfounded libities socal security pensions NHS military education we have 2 choices inflate or default every time governments choose to inflate the debt away get ready for a hyperinflationary depression this is going to be global
Isn't it a conspiracy theorist ideal that most major countries are all in the same trouble with national debt, looks like it has been done by design. (WEF).
most of these countries believe in keynesianism. however politicians only implemented half the theory to win votes as there was no holding back on spending when the economy was roaring why did they need to as Brown said no more boom and bust.
We need to cut the size of government contract money supply and hike interest rates high enough to support a strong currency very simple to achieve over time
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Cut the size of government, the country can't support this behemoth bloated state forever.
Too many on welfare voted against that!
@AnnetteCurtain-tc4mh Always easily said never easy to do. Mainly because those who are most likely to vote (old people) are reliant on state benefits
Just cut welfare
@@glostergloster6945 so we will eventually go cap in hand to the IMF and they will then insist.
@m0o0n0i0r dont need the IMF, never have.
1.) Government prints money 2.) House prices and other assets inflate 3.) Regular people pay more for rent or mortgage 4.) Regular people have less money to buy anything else 5.) Results in flat / broken economy where all money is funneled into assets and ultimately the pockets of the rich
Great video! I believe the UK needs to lower its energy costs, this would directly reduce inflation. In turn, the Bank of England could lower interest rates, allowing growth across the economy. Energy costs are critical because they impact every aspect of business and money creation. Over the past 4-5 years, rising energy costs have been a significant driver of UK inflation, exacerbating economic challenges and then the bank of England has chosen to make things worse by increasing (and holding) interest rates. With these two things its basically holing the UK (UK PLC) prisoner to growth.
10 year Guilts are going to spike above 6 percent
They delayed too many Grid infrastructure for bigger power generation.
@@allykhan8594That makes no sense.
lol - lower the energy cost? energy mafia won't let it happen!
@GM-mz1js we are going to see a natural resources problem In 2025 banks are insolvent no deals no loans and no deposits I'm waiting for the debt market meltdown on a global scale
‘Rachel Reeves wanted to address longer term investment’?!?! 3:53
Where is the evidence for this statement, other than a couple of empty platitudes?
How does splitting the energy grid into regions helps reduce consumer costs. Energy prices for parts of the UK would spike further whilst other lower. It was also see manufacturing shifting from some areas to others devastating where they left. Ridiculous idea
What’s the point of the rule if you intend to break it. Reduce government spending - socialism knows no bounds, look at the NHS
The problem with QE is that eventually you have to QT therefore QE should never have been a policy.
Why? Just never reverse it. The money is already out there anyway.
No one was saying that in 2020 but now people are complaining about QE how many people know what QE is and that it's inflationary
@@glostergloster6945 so why even have a bond market. Let the government borrow and spend. Why bother working we can all just live on benefits. What could possible go wrong.
@DarrenSmith-tq2xz no one was saying that in 2008. thats where the prooblem is. edit: well started
The British government has created 200 billion £ since Covid, why do hardly any economists (bankers) talk about the damage this has done to our economy??? And where is the money now ??
The money went to people who were stupid enough to listen to the bs from the media and government that's were it's gone and we are going to see 10 year guilt yeilds spike above 6 percent an auction is going to go no bid great for them 1st time buyers who will get properties at a discounted rate
That makes no sense.
@ Edited it, 200 billion created, how much did this cause inflation and where did the money end up
BOE should continue to sell otherwise whats the point of even having a bond market. Why dont we just monetise the UK debt like Zimbabwe did? again all silly policy. There is a reason why the BOE was given independance and further mandated under the 1998 Bank of England Act. This economist should go look at the 10 year gilt rates before 1998 and after. If the government keeps meddling you will just see higher gilt rates. How about the government attempt to run a budget surplus and we remove government central planning that only ever has exacerbated income inequaltiy. Having more inflation just hits the poor even more.
You are going to see guilt yeilds on the 10 year go above 6 percent
@DarrenSmith-tq2xz well I have fixed rate 10 year mortgage at 3.05 percent. So its not all bad. Ill earn more on my savings hopefully.
Robert is squirming in his chair because he likes labour but can’t bring himself to admit they aren’t doing a good job.
maybe he has a big mortgage on a 2 year fix
Peak Socialism.
Reeves' fiscal rules translated: "This, (and previous) government's spending policies are unsustainable but these rules show we are at least constraining ourselves somewhat. Please keep lending us money."
Ditching her rule would send a signal that we're abandoning reason for madness.
Our financial system is a system grounded in confidence, actual or otherwise.
No one is confident, actual or otherwise.
The U.K. government could play a blinder right now with deregulation
@@Floweringlotus Like how?
They need investors to invest in the UK.
I would campaign for the government to introduce tax incentives to encourage everyone to invest into the FTSE.
I am not British or in Britain (Swedish in Sweden). From the outside it seems UK productivity is long term issue and whenever a general cirsis hits you are slower to adapt to it. Brexit was a homemade issue but most are interntaional and affects all western economies at the same time. Brexit will be ten (10) years before you have new plan/alternative path even. At best. Iceland can handle being outside the EU and still cooperate economically. The 2008 banking crisis hit Iceland a lot worse than the UK. She has handled 2008 probaly better than the UK despite that by now...
English is now stronger than ever. Due to the debt/asset economy having good financial markets and acess is more important. India is the worlds largets nation by population, Pakistan the 5th, Bangladesh the 8th, Nigeria one of the most growing countries (by population). They speak English and have education systems etc similar to yours. When a Scandinavian visit the UK it is like timetravel seing buildings last renovated in the 1980s or 1990s. Get some post year 2000 windows, isolaltion and stuff in for Gods sake... Sure when you are heavy into debt you are always under pressure but come on. Italy has way higher debt, worse aging population etc and still a lot lower interest reates. You are paying premium rates and seen as extra risky all around. Sober up!
To get economic growth up. Cut government spending by cutting the welfare and unneeded government departments. Raise interest rates to raise the pound so input costs such as energy prices come down. Constrain the government in terms of planning. it is funny productiviy has flatlined since 2008 with ZIRP and QE. Businesses dont invest in research and development and equipment to raise productivity if they are clobbered with increased costs because of a debased currency.
You are completely spot on do you follow Greg manareno
@DarrenSmith-tq2xz no Austrian Economics F A Hayek. Lived through the financial crises of 08. Lost my job and wondered why even though I thought I was doing well. Did the so called silly thing of renting a room in a shared house trying to save a deposit for a house.
@DarrenSmith-tq2xz Lion ?
If anyone wants to look at data have a look at uk 10 year golt rates before 1998 and after. The Bank of England Act of 1998 came in to force. As the BOE was considered independant the markets we happy to lend to the UK gov. Generally I believe that the theory of Keynesian economics is that when the economy is good the government should run a budget surplus ready to spend when the economy is bad. Notice that the government had to do QE to bail out the banks in 2008. Hence why Economics is a soft science which exacerbates a sort of cult like behavour hence why we have had subsequent bad policies since then. You see the problem with QE is that you have to do QT or you monetise debt. based on this personally I took out a 10 year fix rate mortgage at 3.05 percent have cash savings precious metals stocks pension. Ill get hit on a few of my assets but I think it will balance out. we can all blame reeves budget but where were the treasury?
The important question of the day is what wine does Steph have in her integrated wine cooler? is it some Leroy, DRC and Lafite or is it wine from the local supermarket?...
Really good stuff. Thanks for all :)
Distracted by RP staring at camera, looking remarkably like a furious bird of prey.
Nothing is so bad that Reeves can’t make it worse !
She changed the fiscal rules when she got in...
The UK is a right-leaning, capitalistic nation - guided by principles of personal responsibility.
So the first thing we need to do is get government out of the way.
All benefits/disability payments/public pensions/other entitlements need to end this year.
Some of the vast sums saved from eliminating the welfare state need to go to properly funding things like national defence and criminal justice.
But the largest chunk should be slashing taxes across the board to drive growth and investment.
These moves completely rebalance the economy to the advantage of people who create wealth, work, value, and contribute.
All else has failed. Let's go for Singapore-on-Thames that was promised by the EU referendum.
Just make welfare contribution based. UK problems would end over night.
@ no, all welfare is a tax on hard work and productivity. Let people save for their own safety net by cutting taxes,
@@henrydeval150 If you took state support from pensioners , then we would have streets full of dead people by this time next week. Even though they are the richest age group , they simply couldn't afford medicines .
@@garyh1572 I said contribution based not removing. Pensioners that paid tax and NI throughout their working lives would be looked after.
You have literally described a nightmare state hahaha, a police state where the poor are unable to escape the cycle.
If one needs to hear what is completely obvious, then watch this video, otherwise, save yourself 45 minutes
There’s a lot of editing on this show!
Lot of hope in this outlook ... no mention of stagflation which is a serious risk for the UK. Budge was inflationary and anti growth .... doesn't matter if rates are being pushed up by external forces ( the correlation between UST and Gilts is quite high ) our debt and therefore borrowing requirements are what they are ... what we are seeing is the UK being singled out despite it being a widespread phenomenon.
Not balanced, when you haven an IEA-type shill, why not also have one from the other side of the argument?
Oh dear , i tried you guys out , but you only convinced me that obviously smart people can be as dumb as rocks if their politics taints their ideas .
This is good but please try to condense it all more. 44 minutes is far too long and many points are put multiple times,
It would have been great if you had explored the potential for a US trade deal, rather than focusing on an EU obsession. This is more important
Exactly. Why tie ourselves to a continent that's in terminal decline?
@@paulies5407why tie yourself to a fickle protectionist nut. There is no security cosying up to MAGA.
Beg for Ruan? Ask to join Belt and Road to finish HS2? Get Brexit done? Who knows? Ask Liz Truss!
Lol, Gerard Lyons is the biggest crank of them all. He literally told us Brexit was great because it would wipe out all our manufacturing (and that was a good thing).
Wasn't it Minford who said that? Tbh, though, in a world with China not being in low and middle-end manufacturing is looking to be the best place. The Brexit thing is looking increasingly curious - exports to the EU have increasedi n real terms since Brexit and that should have been impossible. I don't think the single-market was quite the thing it was claimed to be.
The answers are there, what the country needs to do to face globalisation. But the electorate punishes brave
Government's when taxes rise, as seen in recent polls with Labour. so we have a cloak and dagger tax policy, fiscal drag, and other taxes not apparent until selling assets. And so we swing politically from left to right, right to left, Beleveing that governments have hard levers to power when in fact it's the treasury. With an impatient public, not politically engaged, and only months ago, a self-serving, donor persuaded, one of the largest being the big house builders in the country (land banking)Tory government.
And so it go's on and all will be well when we have control of our borders Ha ! With all this. Being an economist and making sense of it all must be like juggling a bag of water. Is there light at the end of the tunnel, or is it a train coming to hit us ? Start with the days of low taxation are over with ALL political parties.
If this guy really holds influence then the UK is doomed.
Pro is on the scene
Liz Truss must be feeling so smug right now... she's been totally proved right!!! Gilts much higher than when she had her "crisis"
She was a symptom not the cause.
the BOE recently released a report taking the blame over the so called Truss budget. Problem with media is that they never revist. Read the report its very telling.
There is a way..look at Argentina.
That's what you call speaking out if both sides of your mouth
Brexit is the Elephant
Except it really isn't. Few now talk about it whereas a couple of years ago it was common to try and shoehorn it into everything. All the forecasts have more or less fallen-flat so little wonder. Even the Guardian are now running pro-Brexit articles and when that happens you know it;s over.
🙄
Brexit is the only thing that gets us sorted, if these spinless leeches exercised the options available.
The debt was created by the Tories over 15 years not 6 months.
So as this video seems to allude with stimulating the economy. Today Jan 13 2025 you have seen the pound drop further against the USD surly then our esports will be cheaper therefore we should all rejoice. or perhaps your economic theory and your implementation of keynesian economics is just incorrect?
so far GBP is down against USD EUR JPY CAD AUD NZD and CHF
We don't exsport anything other than financial services we don't make anything we need to have a strong currency to attract investment money always seeks yeild
@DarrenSmith-tq2xz exactly. back in the day they debased the currency on the back of making our exports cheaper and having GDP growth. Its telling now that the currency is devaluing they are doing a 180.
Inflation + Growth = Sustainable Debt Rate % e.g. 2.5%+1%=3.5% oops the rate is 4.8%....
Rachel from accounts will sort it out.
she will soon be taking calls in complaints
real unholy posh trash-talk
Waiting for these two snobs to have a dig at Brexit. They still don’t get it.
No, they DO get it, it's the people with the persistent denialism of Brexit's failure who don't get it, like this guy.
You do know of course Lyon’s was a Brexiter, I can’t stand the idiot so I won’t be watching, but if he doesn’t mention Brexit it’s due to shame because he knows that Brexit is a major cause of the situation we are in, when a nation does something so fundamentally stupid as ruining their trading relationship with their major trading partner the population can only blame themselves and the idiots that got them there.
@@timangus Can you explain the failure? GDP per capita has more or less tracked the large EU countries, UK exports to the EU have increased in real terms, and now both the OECD and IMF have the UK to grow faster than France or Germany next year. The LSE report from the other week more or less nailed the coffin shut in the 'disaster' narrative.
There's a reason few are now talking about it.
Why get into debt in the first place? I`ve never understood it.
For investment, and some debt is good.
get the money printer warmed up... here comes MASSIVE liquidity injections!!!!
Here comes hyperinflation Zimbabwe style
@DarrenSmith-tq2xzYes, that's why they're not going to do that.
They're not going to do that, Mr Mugabe.
and we will all use USD to trade with each other. If the govenrment stops us we might as well use mobile top up cards to trade with each other as they did in Zimbabwe.
Since I have been watching this show never, never have you or Stephanie discussed about inequality.
Why?
inflation and currency devaluation, the policies they wan, hits the poor harder than anybody else. Thats why.
Not once did they mention inequality!
Unbelievable!🤦♀️
There’s an elephant in the room:INEQUALITY!
Economist are often wrong but still very useful for media fillers
The UK is a Fiat currency. The UK government can't go bankrupt. Government should simply stop borrowing and except the budget deficit. Its effectively meaningless if you follow MMT
It can go bankrupt, as Weimar republic discovered. GBP isn’t global reserve currency. Try (again) to inflate debt away and there will be a gilts strike and no money to buy anything as the value of the money becomes worthless.
So, yes, the UK can easily bankrupt itself.
The UK is bancrupt debt to GDP 150 this can never be paid back
@@michaellewis7758you are spot on we are already bancrupt debt to GDP 150 this can never be paid there going to allow everything to calaps and then there going to force everyone in to the tokenised slavery system is
The debt interest is linked to the consumer price index inflation. So that plan would only work if you could print all the money without increasing inflation and dealing the currency devaluing massively, maybe you could time it right, especially if other currencies globally are collapsing first, but you’re going to loose a lot of credibility and very few institutions would lend to the government for years after.
@russel...
You must work for the civil service.
God help us.
One way or another, this is all by design. Whether Reeves and Stammer are complicit or incompetent doesn't really matter in the final analysis.
sure and you never get the best people in a nepotism. in order to be chancellor you have to be in the political party. So the question is, why didnt the trasury push back on the budget?
Labour Schills
Why can’t the government increase taxes on the rich?
Because politicians will not tax themselves
Because they already do
They already have, hence flight from the UK. Ultimately increasing taxes results in less tax money collected.
Basically at some point the government has to live within its means.
Because the Ritch have already left how about the government cut unfounded libities socal security pensions NHS military education we have 2 choices inflate or default every time governments choose to inflate the debt away get ready for a hyperinflationary depression this is going to be global
@@johnkelly3772 No they don’t!
Isn't it a conspiracy theorist ideal that most major countries are all in the same trouble with national debt, looks like it has been done by design. (WEF).
most of these countries believe in keynesianism. however politicians only implemented half the theory to win votes as there was no holding back on spending when the economy was roaring why did they need to as Brown said no more boom and bust.
Tax the rich
We need to cut the size of government contract money supply and hike interest rates high enough to support a strong currency very simple to achieve over time
they doing that its not working though.
Since I have been watching this show never, never have you or Stephanie discussed about inequality.
Why?