Bank of England Is Sacrificing the Pound to Keep the Property Market Afloat.
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- Опубліковано 8 тра 2024
- #interestrates #mortgage #economy #realestate
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It’s not the pound being sacrificed it’s the young people in their 20’s and 30’s that should benefit from lower house prices that are being sacrificed, old people not caring about the young. 😊
@calderparkzoo2410, If you listen to my video I agree with you but the reason young people are struggling is that their wages have not kept up with the pounds depreciation. The pounds depreciation helps real assets like property and gold too.
Rubbish, we had it HARD back in our day, thing is you youngster are NOT prepared to SAVE by going without!!
My generation did not have technology, smart anything to assist us, we had HIGH inflation and low, low wages, even like me as a fully qualified craftsman/tradesman. So I worked and worked, went without, never went out on the Town, never bought labelled clothing, made do with very little, never had any leg up like you youngster, never took a holiday unless it was a working holiday, I believe from mixing with your generation you have never had it so easy in the long history of our Country, so learn from us senior souls who have been through much, go look at the 1970's there you will see true hardship for most in the UK? 🤫🤔🤔
@@maneco64 You have to feel sorry for any young person trying to keep up. I read the Canadian gov was aware many young people wouldnt have the opportunity and it may even lead to unrest. I follow FX moves and noticed over the last 2y rates changes daily covering movements in commodities, even went over 1.30US:1GBP but all this tracking stopped in Mar24
Spot on , young st at now glued to their phones and for the most bone idle
@@maneco64 Mario, this is the first time I do not agree with you, you speak much of inflation and its true effects on us all, may be you did not live here in the 1970's or 60's as I did, in fact the 1950's were no better come to that, rationing of food and most essential goods and services?
Truth is, I believe Mario, the younger generation think it is their RIGHT to have it ALL and not face the hardship of my generation? Again the main stream media are part of this narrative in my honest opinion.🤔
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 5years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. We have been working with Tenley Megan Amerson and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
It seems the Bank of England is prioritizing supporting the property market, even if it means sacrificing the pound. This could have significant implications for investors.
Absolutely, the fluctuation in the value of the pound could affect the performance of international investments in one's portfolio.
That's concerning, especially for those with diversified portfolios that include assets denominated in different currencies.
And if the pound continues to depreciate, it might be wise to reconsider investment strategies and perhaps hedge against currency risk.
True, it's essential to stay informed about global economic factors and adjust investment plans accordingly to mitigate potential losses.the problem is that people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Advice to young people> take on no debt, think outside of the box & trust nothing the media/regime says.
That is the dumbest advice, inflation is here to stay. Value of debt will be inflated away
Also, a politician claiming they are "honest and FOR the people" is like a hook er claiming they are a vir gin.
@@Discovery2024-rn8kn and SO WILL lives!
@@1JO_Mthey should not be in the position. Screw balls.
I tell young people how I worked two jobs, 7-days a week and they think I have two heads.
Also had multiple paper routes from when I was eleven to sixteen and those were everyday 365 days a year.
Financially, the whole wide world is a sinking ship. The hole in the bottom is huge.
Mankind has long been faced with this existential threat. The good thing is we are not in Palestine. We mostly just try to stay ahead of penury. Two things we can count on are death and taxes. Investing our savings and labor successfully requires some bravery and fortitude. Also , many of us rely on our own abilities to take advantage of the laws of usury, which flies against certain spiritual teachings. We should not get too caught up in our own necromancy. The world is in bigger hands. So I submit we should be cheerful despite the plight we find ourselves in. Especially with food on the table, a roof over our heads, our family safe and healthy.
Mario, the fact the EU went ahead and took Russia's deposits in Europe (now the interests gained but don't be surprised if they give away the principal too) and gave them to Ukraine, is the fastest way to finish the existing financial system.
What country/big corp. will deposit anything of value in any European bank? They'll either withdraw their reserves, or use what they have there, with no replacement.
The little people better take their money out while they can.
Stole the interest.
I don't think the IMF is in full destruction mode. Through tightening and easing credit they shall own everything of value. This is an old story. I keep a percentage of my saving in my own safekeeping. I imagine T bills will have to continue to increase returns to attract more investment. While the stock market is saddled by lack of growth. Offering greater rewards to savers. I don't think most people in the world want to return to swapping coins or bartering cows.
@@MS-ii1sv All are members of Bank of International Settlements. I am quite sure the Swiss will sort it out.
India just airlifted its gold out of the bank of England.
Simple way to ensure a country doesn't have its deposits seized: don't start an illegal war!
No matter what The Banks do, the price of gold will move much higher. No matter what "spin" or "trash" they spew, the price will rise. I am always perplexed how most do not fully grasp this. STACK gold for peace of mind.
If the shit hits the fan they will take it off you
You're in a fortunate position to stack gold for peace of mind.
Most plebs would be lucky to stack silver for peace of mind.
@@vincentyeo88 would feel lucky if I could even stack toilet rolls
When I ran a captive insurance company in Bermuda a number of years ago, there was only one asset that we could not have on our books which the law could recognize as a proper asset . That was of course real estate because real estate is ill liquid.
It’s interesting that a society bases it investment strategy on an ill liquid asset means what I don’t know . Believe me if insurance companies can’t hold real estate and added to their investments. You can bet that it’s a very bad investment from a liquidity point of view. .
Good morning Mario, Rudy, and everyone! ☕️☀️
My guess is rates are going up! As they are crashing the system! Remember
system ? lol
Can’t see rates going up, suits the rich to keep inflating….🤔
They have to get through the general elections first, everything will be made optimistic until then.
They might be going up your right , they cant keep cooking the books as we can read our bills
Please listen to WTFinance latest interview with Michael Pento, I think the first few seconds explains where we are and what will most likely happen…👍
Glad I didn’t panic sell my London properties over the past 4 yrs. prices and rents will double from here in the upcoming hyper inflationary episode.
government wont increase tax thresholds, as your prices increase but you have less purchasing power, they will tax more of it, thereby squeezing you with taxes and inflation. Only big corps are protected so far as I can tell.
Which means you’ll sell for double but for devalued fiat currency. Same deal.
Who will be able to rent, though?
@@rubies200the state...ceasing proprieties To offer housing To migrants
@@rubies200
That's easy to answer: the millions of immigrant workers living 4 to a room.
Your energy levels are right back up there Mario, it's good to see your operation was a success. I look forward to hearing your opinions every day and hope you understand how much you are valued and respected out here in Trudeau's fiefdom...
Another great video informative and spoken in plain English, you are my number one resource in the uk, I also listen to George Gammon, Jim Richards, but find your content to be the easiest to understand fully.
Many thanks
Clive
The BoE has achieved its’ aim to be protected from failure with Osborne having given a Government Undertaking to Insure using Public Cover !
Guten Morgen Mario und Rudolf
If they were to raise and BOJ not, yen would presumably weaken. If they don't raise, and BOJ holds steady, yen stays put. If they cut and Japan holds or raises (just a teeny bit) yen would strengthen. (this last option bad for the yen carry which you have mentioned)
My wife and I feel interest rates of 4-5% are historically low. Ordinary people don’t lend money at stupid low rates. We can now see our capital increase which is normal.
Good Morning Mario and Rudy! I hope you have a wonderful Thursday! 🤗
Good Morning Mario from Texas
Good morning Mario good morning Everyone and a big hiyah for Rudy 🦖✌️
maneco knows his stuff.
Morning Mario perfect timing this morning ❤
@joconst2880 , Good morning to you too.
No allodial land, NO FREEDOM!
@PhilipMatthewsPAEACP Yes, the aristocracy and the royal family still own much of the land. The plebs only own 5% of the land.
Are you sure about that @@maneco64
They're merely tenants?
EXACTLY! Human rights are non existent without property rights.
In fee simple absolute.
Seizin
The UK population has seen a 25% increase since 1976. I'm guessing our housing supply has not witnessed a reciprocal increase. Qui bono? Go to the maths ;]
Good morning Mario thank you for another excellent report 👍👍👍👍
Good morning from Chicago
The 100.000 subscribers are looking great. Congrats Mario, great Job 👏
The whole world is living beyond its means. Now it's time to pay. The young are feeling it now, but when they get older they will see the now young suffering even more. The end will come , it always does. Hold tight.
Thanks for the update Mario
Thank you for all your work, Mario.
Zero rates came in during the financial crash of 2008, not in the 2020 pandemic! They are already at near zero
Always good info !!! Thanks
City Slickers lol Love That
Hmm not really sacrifice as such ... the results are the same, this way they can have the same effect but keep the people in the delusion state that they are "rich" or have a worth while asset ...
You called it. Nice job 👍
13:07 The Australian Treasurer 2015 Joe Hockey said that people looking to buy their first home should "get a good job". Simple.
Also it is good to go by a rule of thumb if the bank says you can afford “X”, then divide X by 2. And work extra whenever you have time.
Good morning ☕️
Morning!
Thanks mareo for this great content once again
Very good content thankyou!
Intrest rates should be 12 percent for long term
Good to see Mario all fired up! Might want to take Rudy for another walk after this. Great post this morning
It is not now called "money laundering" it is called "FOREIGN AID"!
Also, a politician claiming they are "honest and FOR the people" is like a hook er claiming they are a vir gin.
Why Mario you do not go to dinner parties or invited to any? Well in Canada the same policy was implemented before the pandemic. Low Interest rates, open door immigration creating more demand for housing and adding to the micro economic multi plier factor, Government grew faster than the private sector. Come the pandemic, and the whole economy was shut down. Printed over a Trillion dollar, sending inflation to the roof, BOC raised the interests rate and it blew everything out of the water. To add insult to injury, the recent Federal Budget, raised taxes far and beyond people's incomes... and the rest is history.
I dont know how "property tax" works in the UK. I know here in the States it can be VERY expensive and our county increased them 30% this year. They hadnt increased in 20 years BUT add to that homeowner insurance potentially increasing (and in some place it went up 30%). Other hard assets (for us "hands on") folk can be fuel, seed, fertilizer, raw material (steel/wood/firewood) ...yes, it is somewhat il-liquid , however in the inflationary environ it isnt bad idea.
Bonjour Mario and Rudy 🐕., Yes , we have interesting times ahead of us. IMF said bank deterioration is probable . Stay safe! Thank you
Hi Mario. Great video. Hope you are well!
When house prices crash. Think about the cash call from the Lenders as Negative Equity Takes Hold!
Congratz on 100k.
Good morning Mario. Do you think the BoE will move rates lower even if the Federal Reserve holds or even raises ?
take someone like me working minmum wage in a supermarket , would work more hours if i could but the place i work at literally cant afford to give me more, im on a 16 hour a week contract going to be renting again soon as its all i can do, most likely going to be struggling in the not too disant future as the consequences of inflation are going to be felt pretty soon, as the veil is lifted from peoples eyes, as explained lower wages and higher prices, planning on going to college in september if the system is still intact by then
I would not recommend college in the U.S. It's too expensive and too "woke". The college administrators are looking for suckers to buy into their failed model.
@@rubies200 I'm in the uk
@@scott49140 My friends daughter just finished university here in Uk now £75000 in debt with no job at present.
Learn a trade way better investment for your future !!!
@@scott49140 I don't know much about the UK (I work in a U.S. university), but whatever you do--don't take out a loan for college. I suspect all Western universities and colleges have collapsed to "wokeism", by the way.
@@scott49140 If you are studying for a trade good on ya.. If you intend to study psychology or a similar careerI’d advise not to waste your time. AI can’t plumb a home… Yet!
Good day Mario. Hope all is well for you.
❤ Good Morning 🌥️ Everyone ☕️🥓🥚
BofE and 2017 "qualified opportunity zones" is something that desperately needs attention. I don't know what they're calling them over there, but they're definitely using it in real estate against us here across the pond.
I'm grateful to know of you and the valuable knowledge you share every day! Thank you, Maneco!
Japan is trying to defend the YEN, but it is backfiring on them. They are reducing their US treasuries holdings and buying the Yen. However, as the USD is staying strong due to the high interest rates, it is actually hurting the Yen. Until the US starts to drop interest rates… many foreign currencies are in trouble.
Mario......... Congratulations on your 100K subscribers.........! Well deserved........!
The reslity of all the worlds tressuries being devalued multiple times ,negates interest rates eg digital wheelbarrow time
Thanks Mario 😎
Nice one today✔️
Mario there is something very important to highlight here and it is about the changeover from LIBOR system to SOFR. Not too sure if you have touch base about it but the new system SOFR will come in place soon. Another aspect that I would like to communicate to your audiences is that the Silver manipulation has finally come to an end and this was brought to my attention by Ludovic Malot recently.
Already happened
Foreign investors (Saudis mostly) look at the London housing market like a secondary bank. While they get interest from US Bonds - the interest they make is re-invested in real estate. And they seem to prefer to invest in Britain. That above anything else is what pushed the initial value of these houses way beyond that of the general British populace.
The same thing happened in Canada - except over there - it was the Chinese who did the same. (But indirectly, via relatives already living there.)
As Saudi money is mostly still denominated in Gold - they will not lose a thing to "inflation" and the so won't really even need to rent out the properties that they have purchased.
Hence, you have - rising rental rates.
A triple whammy to British youth.
There's a plan for 15-minute cities to convert used shipping containers into homes.
Much better than living in tent cities.
Inflation isTax.
Ty
Im currently in BA Argentina. The real estate market is lacking maintenance for decades, and it is visible. That is what will happen if you artificially keep the value up.
Good Morning Mario 😉
Good morning Mario and family
@Sh311Sh0ck3d , Thanks and same to you and family.
Keep up the great work M64
🪙🪙Good morning Mario! 🪙🪙
Gracias
To me unless housing resets to reflect a standard percentages of incomes (30%) or incomes rise, there will be a global housing collapse.
I agree with your general prognosis Sir!
I am 59 and a Uk born citizen.
How would I advise a young person like me but no House and around 20 years old.
1) considered working abroad ( less tax and more pay)
2) stay here and wait for some inheritance before buying a house
3) convert and save in a solid currency like Swiss franc or UAE durum
4) buy gold or silver sovereigns and store/hide
Sterling is being destroyed at an alarming rate and Government borrowing and printing is going to finish us along with the West in general
Mario have heard the silver coins are traceable in UK and America and type 1 is different from type 2 #tedspeaks
🤣🤣🤣🤣🤣🤣they're chipped ? 🤣🤣🤣😂🤣😅yeah right! That was an April fools joke on the internet 🤣🤣.......type 1 and type 2 have different reverse ......soooo what's your point????
It'll take a revolution for things to change. I wouldn't hold my breath.
Mario luv your show
Good afternoon from Asia.
Selling England By The Pound
-- Genesis
Get curency out of the Banks Buy gold and silver
Working in construction i figured out many years ago about 15 they want you to have nothing i work hard for my money i eared Now they want to tell you how to spend it shame on them. Anyone have a problem with that idea. I'm just saying.
Nobody except the treasury benefits from the price of property remaining high.
I’m thinking…what if housing prices do not come down…ever.
You mean before you die.
Collapse of fiat is good, unless something worse comes after.
Silver price 1980 $50 ounce. What is it now!😂
Since the advent of humans, Fresh Air CO2 concentration OUTDOORS has been below 300 ppm (parts per million) globally. Buildings are ventilated to ensure to not exceed 450 ppm, beyond which we tend to feel lethargic. Now the global concentration outdoors is at 450 ppm. Now it affects our health and already surpassed all major Cities. Health is real wealth.
Mario hit 100k 🎉
Does guaranteeing deposits (by tax payer) mean we should invest in bank stocks that sell mortgages?
how can keeping interest rate high support the housing market should be the other way round more demand with limited housing stock house price go up the housing market should be crashing the only reason they have kept interest the same is to keep people money in the banks becuse when they cut people will move there money the bank will go bankrupt
My savings was always 100k below the flat price, i finally gave up ;(
Interest rates held as predicted
Bank of England HOLDs rates at 5.25% for sixth consecutive meeting…
but one more vote from Bank Deputy Governor for a cut… 7-2 vote
Forecast growth of 0.4% in Q1, recession over
So if you can't get in property get in gold?
"The Fed must gain control of its monetary policy, and to do this, the Fed must end the downside of the euro-dollar system."
Could you explain what this means? (video 12.12) - Tom Luongo: We're Now Deep In The Bifurcation Of The Global Financial System
The WEF is pleased. All is progressing according to the plan...
Ask your king , while you still have time to be heard ,
Wait tell your property tax becomes a mortgage payment
METRIC X PETRO....BUY WIN SWITCH
Nearly every other country is doing the same, so get yourself some metals and crypto
Well done Mario on 100K?
The young people will all soon learn that you need to save in Gold not in currency. If you really want to save a down payment for a home, stash gold bullion or gold derivatives like mining equities, gold ETF’s, or/and open a Glint account to save in.
If you don’t hold it you don’t own it.. physical only!
He who creates owns God created the LAND you do not own it possession is 9/10 of the LAW that’s why peasants have squatters rights.
Selling England by the pound..
Phill Collins knew what was coming
Let's have true value boycott big Tech. We must demand that our financial systems are restored. Back our currencies.