The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of $$k over the past four years.
It is unsettling to increase stock and index fund purchases during stock market downturns and bear markets, let's face it. Which makes it extremely challenging for most individuals, like me, to do. It's difficult to take the plunge and transfer the $$$k I have into an S&S.
To avoid being duped in the market, my buddy, you need a financial advisor. They rank among the top of the best because they give people individualized advise based on their risk tolerance. While some have a terrible reputation, others with a strong track record can be quite good
Recessions are not natural they are almost always government induced, whether it be Covid policy, interest rates, bail outs, war etc. there is no “natural recession”
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Julie Anne Hoover. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
@@danieljackson87 Since the market has been down for the majority of this year, I've known that I've wanted to start investing for a few months but haven't had the bravery to do so. Please tell me more about her services and how I may be confident in her abilities.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, waiting may not be the best decision for investors. It might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market and raise a profit of $350,000 since Jan 2022. For me, its the most ideal way to jump into the fin-market these days.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will also suggest investors to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@davidjackson4437 My Financial Advisor is CLAUDIA TRINIDAD RIVAS I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so...
@@brendazvandasara Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
We need a government that cares about the finances of ordinary people, more than the outrageous, record breaking profits of energy companies. It’s simple.
Good luck with that. At best, the Tories don't believe in the state interfering in market forces, at worst they themselves are happy to see their investments in the energy companies pay off big time. Starmer criticizes the Tories but stops short of proposals that would really help. Oh and distances himself from people taking action to force themselves a reasonable pay rise.
Frankly the stock market has never been the most reliable partner from day one, patience has always been the major attribute to this game, you want to make profit then you invest head on, not cowardly taking cover. If you can't do it yourself, then find a competent professional trader to assist.
Foreign Nationals arent scapegoats for those who are subject to and subjecting native Britons to those who are not native Britons. You won't scapegoat your hide so easily. You are culpable.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
Did you walk one way around tesco with your little mask on? Vote for Germany annexing the ukrain in the referendum? Congratulations! You're responsible!
This is about bank of England experts literally being wrong and now we're headed for recession. Still better here than Germany where they're going to have to make some truly hard decisions over fuel when winter comes.
I love hearing conservatives talk about economics. They are so confident of their choices and policies, yet the last 10 years have been awful for most and exceptional for the 1 percent. When will people see through it?
Conservatives? The idiot Joe Biden , a left winger caused the massive petrol price increase with his pen. The attack here on petrolium \ natural gas is going to effect everyone worldwide. This is bidens fault. A backwards left winger.
Non of what you have in the UK resembles even anything close to conservative economics. You show that agenda 30 years ago, and you would be considered borderline communist. More like more of those communist policies and you will end up destroying everything. The UK needs to deregulate the business, cut spending, stop 90% of the social programs, lower tax rates and securities, limit the central bank ability to create new money, set a strict rules for deficits, remove minimal wage and thats it. All that left-wing socialist agenda adopted even by "conservative" parties the last 20 years does not work - it brings misery, bankruptcy risk, lower economic growth and makes the rich richer and the poor-poorer. That's a FACT!
Why do you feel the liberals are any better?? Where is the outrage when amazon workers tried to unionize and amazon punishes them by closing down stores?? The same with starbucks??Why did the libs increase taxes and print all that money to give as stimulus checks which we are now paying for ?? Wheres the outrage by libs when biden and the uk sends billions to ukraine while its ppl starve on the streets??? until libs take responsibility for their own actions we should never believe them
The cost of living crisis appears to be a global problem, although here in the UK it has been made worse by the increase in the prices of many goods. I believe that the government has the ability to reduce the cost of electricity, but for some reason, I don't think they are concerned about how the common person would do in these strangely challenging times.
I feel the energy company could’ve cut their prices as this current inflation affect everyone or should individual workers start charging higher fee off their employer to make ends meet.
I work two jobs which contributes a lot to my family and with this current inflation it’s increasing been difficult. I make an okay income but the price of things keeps increasing, it’s sad.
@@stacyandrews5468 it’s really hard times, I had lots of ups and downs working different jobs. Glad my investments started paying off so I can quit them, my decision to put in some money valued and growth stocks has really saved me.
Its not energy prices. ITS HOUSING Single guy employed living in a one bed: £200 food £800 rent £200 housing gas/water/electric/internet/upkeep £150 housing tax £25 Mobile phone £200 vehicle fuel £200 vehicle tax/insurance/maintenence £7 netflix =Lets call that £1800/mth overhead Gross pay £28k, minus tax, = £1900 take home £100 a month spare = £3 per day. 4 pints down the local saturday night. Housing is currently 7x average yearly wage. In the 90's it was 3x. In the 50s it was 1x. Housing prices have been bidded up by a decade of cheap money - look at the history if interest rates and tell me that 14 years of less than 1% interest is normal...
@@carlmcfarlane8877 you’re right, the data I had was specifically for London, Damn, even worse than I thought 😂 imagine being able to buy a house for £90,000 today, what a dream
It's amazing that during the whole discussion the massive profits by many companies, energy companies and others wasn't mentioned. They talk about packages for the poorest and saving energy companies from going bust. How about the government actually let them go bust and create a public company that takes on their customers, keeping the rates at a reasonable level since they wouldn't be driven by ridiculous profits?
And they spent about 3 minutes talking about this in tonight's leader "debate". Our media, and the conservative party as a whole, are royally screwed up.
They all corperations which elect leaders not you the general public. Why are we shown these debates and whose showing them to us we never used to see debates on who gets elected leader of the Conservative Party, they normally done behind closed doors not aired by TV corperations why do they get free publicity? Or they own personal political broadcast. Ask the general public if they want to elect a leader, or one that his chosen for them?
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.
You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then.
@@kathiewest5842 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse is near.
Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@erichkraetz2622 Personally I work with ‘’Eileen Ruth Sparks’’ a pro who sets asset allocation that fits my tolerance and risk capacity, invstment horizon, present and future goals. My portfolio have accrued gains of about $80k in 7 months.
Well not exactly, in times of crisis adding liquidity into the system helps keep in stable.. its then down the the state to tax the market when it recovers to get the funds back.. Its swings and roundabouts..
Capitalism only works when being alongside state intervention. Its called running a mixed economy. Too much of one of them doesn't work as efficientally as both together.
This is not because of the war in Ukraine it's the ripple effects of shutting the economy down for COVID and because of corporate greed, that's the long and short of it.
I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,
I feel your pain, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor for aid, and following her advice, I poured $130k in value stocks and digital assets,Up 200k so far and pretty sure I'm ready for whatever comes.
I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well
@@Natalieneptune469 I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.
@@Robertgriffinne My advisor is Nicole Ann Sabin; found her on Bloomberg where she was featured and reached out to her afterwards. You can look her up online if you care for supervision, just search her name.
@@Natalieneptune469 sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.
The absolute audacity of this guy telling us to absorb this pain when we could get these gas companies to pay their left hand (retail, need more money from us because of “low margins”) with their right hand (upstream, raking it in)
It's not the central banks fault, at all. It's the government's entirely. They're trying to pin it on the central bank, but don't fall for it. This guy is literally just doing his job and playing the terrible cards the government have dealt him, and then the government ministers have the audacity to blame the central bank.
BP reported mammoth profits of £6.9bn today for the three months to June 2022 - days after forecasters predicted annual household energy bills will climb to £3,420 this winter.
Recessions are where millionaires are created, I feel for the older generation, but if you are you or middle age, you should do everything possible to double or triple your income.
2.08 Energy regulator will set the price cap every 3 months to stop the Energy companies going bust?? Am I missing something here? Aren't they the same companies who only this week announced billions in profit in a few months??
Oh dear...you donlt know the difference between and Electricity/Gas supplier and an Oil company do you get your Gas from BP or your Electricity from Shell??....to think they let you vote....no wonder the country is in a mess with idiots like you voting
Just imagine if all the wasted money over the last 4 years squandered by the government not only to line the pockets of their own cronies but wasted on schemes that were completely doomed from the start where things would be right now.
Or if they at least attempted to recoup the £9 billion they admitted was obtained fraudulently. "Our mates stole (not counting those in the VIP lane) £9 billion? Weeeellll, we can't keep track of everything!" 🙇♀️ Are people really ok with us paying £1 million a DAY to store the unusable PPE their mates made? And no, we won't be refunded for those contracts or the storage fees. " Increase UC by £20? Sod off! Can't afford that!" Tory thieving scum.
@@violettefletcher3118 thank you. I just wish it were not true. I wish I was just spouting nonsense but I can't even make it up.... almost any kind of behind the scenes back door scandal that you can imagine seems to come true on a daily basis. And what's more are the things that nobody could have even imagined that continue to happen in real life. And unfortunately more of that is perpetrated deliberately by the government's that run the countries throughout the world. It seems that almost no one is immune to the corruption. Certainly not enough people to make a difference. So here we are.
A sad truth, I get that the war in Ukraine had a significant impact but they have clearly taken advantage of the situation based on their record breaking profits.
Yes mate.... A generation was considered UNLUCKY if they faced ONE major event in their lifetime... Like a pandemic, or a war... Or a recession.. Our generation suffered all 3 within 15 years. We got the 1,.2,, 3 knockout punch.... Its so obvious, it's disgusting.
17, 410,742 people who voted for Brexit along with every single person who voted Tory in 2019 are responsible for this & each and every one needs to hear it every seconsd they are awake
Dear Cousins, buy a lot of blankets, stock up on tea, socks, sweaters, hot water bottles. My mother who would be 100 this year, lived through the Depression. She described sleeping in unheated bedrooms.
You don't have to go back that far. I am 68 and remember the 60s and it was still the same. In a supposedly wealthy country it should never happen and it should never happen again.
Yes but your mother house would have had a fire going for most of the day..we are talking now houses with no heating at all ..at all !! Think for a minute what that means ..
Why is it still viewed negatively when adults still live with their parents? I'm 30 and still live with mine, we support and care for each other, if I were to live on my own then both myself and my parents would struggle financially even more so. Yes, independence is nice and all, but I won't willingly make things financially harder for them especially since they're both due to retire soon. I've grown up in a household that just managed to float by, never been in a place of financial comfort, and I'm currently working to build my career. In this economic climate, children are much better off still living with their families until they have their own.
Yeah it’s fine if you have a good relationship with your parents and they still have space for you. Not everyone can stay with mummy and daddy past their teens. I hope you’ve been saving everything you would have spent on rent and wish you luck
The expressions of pain from the cost of living crisis from our wonderful politicians & bankers are priceless all the time knowing their inflation busting pay packets will just keep giving! These people are not worried at all, even if they are sacked they will get a golden handshake...
@Boxing Truth So the REALITY of peoples lives going from bad to worse in you’re opinion has nothing to do with The detachment being they wouldn’t know what it’s like the reality is we do.
It's a Elitist GREED Crisis, not a living crisis. How much can we steal, while the rest look on? Let's invade Off-Shore banks & Government billionaires who have stolen from the public purse. Money does not melt its lying there, doing nothing but hiding the Greed of the robbers.
There hasn't been proper strong economic growth recently, and indeed there hasn't been strong economic growth for many years now. Supposed strong growth of 6.5% lasted just one post pandemic snd that only came after the massive downturm hit rhe UK harder than most as everybody was looking to quickly get back to normality after the pandemic. The tories keep quoting the forecast that gave the long term strongest economic growth they obviously went along with, but the forecaat has clearly failed to materialise. The tories can't just turn around and say the forecast would have been accurate had it not been for the cost of living crisis and looming crippling recession they are claiming is all down to other countries. In truth the UK has been falling well short of the forecast the tories went with well before the cost of living crisis began to hit, so slowing growth is nowhere near it all been down to the cost of living crisis.
The double speak of this guy turns my stomach. Clearly he doesn't care about people. I'm doing OK financially and live on a pension and I have honed skills to protect myself from the days when I was young and didn't have adequate clothing for cold weather or enough food. Yet I made it through to the age of 75. But I still use the survival skills that I learned because I refuse to ignore the high prices of gas and electricity. I know that others are not as lucky as me but I'm obsessed with turning off lights and adjusting my thermostat while I put on jumpers, wear my winter coat indoors and conserve whatever I can. My heart goes out to the many Britons who are suffering in the heat and have freezing winters to look forward to. Callous public officials making fancy excuses . . . .
I've done the same - studied all the hacks and tricks in order to live near carefree about the wider economy. Solar panels, wood burner (I get free wood), cavity wall insulation, extra loft insulation, water butt's, low powered car + £30 per year road tax, all weather clothes dryer, perennial plants in the garden, SIM only mobile, cheap DSL internet, firestick with other people's passwords (Netflix,Prime), no TV licence. Mortgage is fully paid in around 5 months time. It's all about insulating yourself - I strived for a lifestyle where I wouldn't leave myself exposed to inflation & interest rates. When I'm mortgage free, £500 will easily cover all monthly outgoings. My bills are mega low, average of £9 per week electric, £3 for gas, £19 per month water/sewer, £40 per month car fuel. Low overheads are key to success.
@Boxing Truth yes it pisses me off because I know people who live off benefits (and have done for years) - no intention of working & their main goal is getting on some kind of incapacity benefit. We all know the types.
I disagree. I’m sure the government is already getting huge corporation tax payments they can do something with. 10% inflation should be helping the VAT take as well. If you want to lower prices remove the 50% tax on petrol and diesel or 25% green energy tax on home energy. Or remove the sanctions to increase supply.
@@marczhu7473 yeah but 50% of petrol and diesel is tax in U.K. and there is 25% green energy tax on home energy bills. The sanctions are also a choice, so this is a government made issue. Where were the bail out when oil hit -$40 a barrel and everyone was celebrating the end of the fossil fuel industry. Big profits mean big corporation tax payments, dividends which are taxed and pensions growing which will also be taxed. We should celebrate big businesses getting big profits and focus more on getting supply up rather than putting barriers in the way.
House prices left reality around the year 2000 time. They haven't been inline with wages since. This is the reason people have no money and the economy is dying. We need a 70 percent reset.
@Boxing Truth The average house price in the UK in 2008 was £184,185 . It's now £283,496 which is a 52% gain. It is around 230% gain since the year 2000. They are destroying society. The minimum wage would be £12.20 an hour if it had increased the same. The problem is everything else is more expensive too now as well. The minimum wage was £3.70 in the year 2000 and people had more disposable income than now.
EXACTLY well said i Applaud you house prices and rental costs have gone up Disproportionally compared to incomes-It’s a outrage & disgrace it should be no more than £300-500pm to rent/ buy a house obviously average its obscene and Blatant greed and those MPs all got their snouts in the trough in the housing market too it’s a travesty been allowed to feed all the greedy parasites
12 years of incompetant economics after a financial crash will get you here. The country has got measurably worse to live in in the last 10 years, and that way before the last 9 months.
Well colour me shocked 😲 What with Brexit, Covid, Conservative cronyism wastage, the criminal BoJo's incompetence and general untrustworthiness, Ukraine, energy (and other) price gouging and rampant inflation, etc, who could have seen any of this coming ...
... and this is (again) why Blaire's handing the keys of the UK economy to the Bank of England was a catastrophic error. Unless government policy acts in tandem with fiscal policy, then it'll be a continual tug-o-war between the two.
It is happening in countries that stayed in the EU. It is happening even in the US. It is happening in countries with healthy politics. The guy who is or was in charge cannot be blamed for a global recession really. We'll all have to sit this one out, just like we did the previous ones.
@@ZWD2011 Yet we will get the worst of it, with the lowest growth in the 20 richest counties - except for Russia. Who could have forecast the operational lunacy of completing Brexit during a pandemic? This act of self harm has exacerbated the problems here.
Why was there no mention of Brexit, the main cause of many of these problems? If an economy is growing inflation is not such a big problem. Brexit has guaranteed that the economy will contract sharply for years to come.
That darned Brexit, the USA, Canada, EU, Japan, etc, etc, are all heading into recession, I knew Brexit was far -eaching, but I didn't know what power it really has!!! Hahahahahaha give yourself a shake you clown!
Britain didn't have an economy is was all based on lending and the service economy. I always wondered how it worked. Turned out it didn't. We have been getting poorer for the last 26 years eventually the money we were borrowing to keep this thing going would run out.
This is sounding more and more like a depression as opposed to a recession. Could we maybe please stop trying to print money to solve it? That's kind of what got us here in the first place...
Giving away or wasting our money is what's getting us here instead of sorting our own country first and stopping the governments just squandering away what is ours not there's 👌
It's a Elitist GREED Crisis, not a living crisis. How much can we steal, while the rest look on? Their bellies are full, Their house are warm. Roll over fools & slaves, for your master will slaughter your new borns today.
We knew about the energy crisis during the last recession, that why they wanted to introduce nuclear power stations. They even knew how if Russia choose to cut off our energy supplies we would struggle. What happened to all that future planning for renewable energy sources and nuclear power? They had a decade to invest and plan, the government can magic up money to pay for bridges that never get built, temporary garden mounds, track & trace & bailing out the train companies. They managed to find money at choice but we have to foot the bill and pain.
The tory party have been too busy trashing the economy for their own gain via Brexshit and fighting among themselves over the spoils for 12 years instead of running the country for the benefit of the citizens.
Regarding Russia chooses to cut off our energy supplies, I can't understand what you meant. Actually US kicked Russia out of the SWIFT, Russia demands for the ruble to pay for the gas and the Norn Stream 2 pipeline is not used.
@@peterbrown5447 The government knew there was energy supply problem for over a decade so what have they been investing and planning to handle the issue? They had enough years in government to at least have provisions or a plan. When it comes to public spending on PPE, garden bridges, temporary garden mounds, track & trace & bailing out private rail companies the money magically appears in the budget? My point is the government pick and choose to hand us the bill at their own gain with little benefit for the taxpayer.
BP reported mammoth profits of £6.9bn today for the three months to June 2022 - days after forecasters predicted annual household energy bills will climb to £3,420 this winter.
Energy companies are not the same as the your energy supplier. That's why several energy suppliers went bust early this year when they had to pay more for it than they were allowed by the price cap to sell it for.
Can't believe parliament went on "holiday" when we're in the middle of such a crisis. They are paid well, have huge expense accounts, yet think this is a good time to take a break?? What a slap in the face to everyone who's out there struggling, trying to make ends meet on incomes that are even less than their bloated expense accounts.
Down here in Australia 2 years ago our PM went on holiday while we were in the middle of a bushfire crisis. Don't think for one second these characters go into politics to serve the nation. They do it to serve themselves.
The UK has been in recession since 1998 the best year of the UK was 2007 it all went down hill after that. - Ive been on minimum wage or unemployed my whole life, im now 37. The UK is a prison island, its a prison yard. It was the worst education worst social services and worst culture in europe.
@Boxing Truth So i would say that those peoples parents helped them, or paid for a private tutor after school cus thats what everyone in the UK does, the UK designed schemes to help people get into IT and media, good luck with that, the UK economy is basically call centers and mcdonalds , everyone works with their parents, its pay to win - the UK wasnt affected by ww2 so much as europe, there fore the UK economy still operates as it did in the imperial era pre ww2 pre nato and pre U.N.
2007 was heaven on earth and I am of the same age as you.Just wish I knew it back then... I used to go out every weekend and London was my "playground". I didnt need so much money for going out, but I could not imagine not having enough to go out for 1 drink. I had studio and part time job as data entry clerk. Times were different and much more safe in every aspect. Everything went downhills 2008-2009 and never recovered.
In moments like this, it's worth remembering that neoclassical economics is total bunk. The problem is capitalism: systemic crises and theft from the working class.
@@johncraske Not everything can be valued in monetary terms. It didn’t make financial sense for Britain to enter WW2, indeed it would have been much more sensible financially to look the other way. But not everything can be defined by money, can it? It’s why remainers refuse to acknowledge there were many people with differing reasons to leave the EU.
The longer I've lived and actually lived this experience, the more convinced I've become that capitalism is the heart of the problem. Only a fool keeps on doing the same thing expecting a different result. Or a capitalist who doesn't care.
@@user-John666 Britain's empire was under threat. Hitler had altered the balance of power in Europe that wasn't favourable to the UK and he had his eye on the empire. It had to join the war to maintain its status as a superpower. However, world war 2 ended the British empire as the Americans and Soviets emerged as the new superpowers. The evil stuff Hitler was doing to the Jews wasn't really known until the first camp was liberated.
If the USA, EU, Canada, Japan, etc, etc, are going into recession how is that possible, because they are some of the biggest countries in the world??????
@@polaris7122 Because Brexit was all about Deregulation and turning the UK into mini USA. The US is very hard to live in your always chasing your tail. You pay super premium prices for food quality that you guys got for a pittance when you were part of the EU. Rents go up and up and up, because Hedge Funds bought all forms of housing after the last crash. And you live in constant fear you might get sick. Even if you have health insurance , the $1500 deductable thats each person need to be paid before you recieve services. Oh and no matter what , Bankers, and Traders had their pay ceiling cap lifted thanks to Brexit. And that is pivotal to are new Dystopia. Sorry I'm American, I'm just telling you what's coming.
@@geneytube18 I’m hoping Scotland escapes the union with little England to avoid what you just explained. They are mainly a right wing thinking country down there and we are more of a socialist country. Time to go our own way I feel 🏴🏴🏴
@@richierich1835 just ignore him. He's one of those SNP lot that blames England and the English for absolutely everything without even knowing why. The sort of person that hated Brexit but also wants to leave our Union. The sort of person that doesn't seem to understand that Scotland already has a devolved government and actually benefits financially from being a part of the United Kingdom.
We are already in the big crash, Inflation is a catastrophe. To bring the stock market to a halt, the FED will have to pull all the stops. The unfortunate this is the beginning of the great collapse. Lets just see what boat were in by next election… or if we even make it that far.
I plan to retire in Feb 2023 at 57 after 36 years in Telecom as a sales engineer. My wife will retire in Jan 2023 and she' s loving life! with the current inflation hike, looming food crisis, all institutions predicting recession to be brutal. walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition
@@sebastianspiegler5801 Take the time to learn about passive income via dividends & real estate, index funds, automating invstmnts, budgeting, etc. you'll be very happy you . I began with a fiduciary ( Katherine Duffy Burke ) and my ROI were guaranteed. In such instances, I would always advice you get a pundit to guide you through the path because theoretically it might look easy but practically its the toughest mind game
@@colbyryann2665 I have a pension, very well funded 401K, no debt.With the current CPI report 295.27 , it’s a little scary to stop saving and start spending . Please how can i reckon with such skillset? i want to grow my emergency funds of roughly $64,000 advantageously
@@richardsoncuthel810 She's well renowned so it shouldn't be a hassle finding her. Just lookher up using her fullname. Also, she has a reachout-page for consultation
Tory is for the rich and the stupid poor people of Britain think they are rich. It’s all about greedy racist Brexiteers won and now they wish they didn’t.
In the last 2 recessions, the 1% most wealthy increased their wealth. It seems recessions are heaven for them… Conclusion: recession means workers lose wealth, ultra-wealthy class increase wealth. Their greed is sick.
@@R3tr0v1ru5 nah. its rich tories stealing. remember when they stole 36 billion in tax money for test and trace. how many overpriced loaves of bread can 36 billion buy? the answer is shitloads.
Well yes, but it's because they are invested in assets, like everyone should be. And people who manage to be in a good position like they are, to always have some extra cash even during bad times, then they can afford to double down during recessions resulting in making even more money. The problem is that average people are usually busy with spending during good times, possibly even hoarding debt, not having anything to lean on during bad times, being crushed and not being able to invest into anything, therefore not profiting from bad times, so it is an endless cycle.
For the wealthy it’s an addiction with all the signs of addiction. The problem is the body voted to intervene has been co-opted, reduced or too incompetent to carry out an intervention.
@@greatsage4132 The ultrawealthy have money to risk because they got their money from their already very wealthy parents. That is for most cases. While the average worker does not have money to risk, but only to cover their necessities. That is why when they talk about a free market with free competition is bullsh1t because in this free market there are some who are born lions and some who are born ants.
Majority, if not all of these mp’s come from privileged backgrounds. They do not care about the people affected by poverty, they do not have any idea of how difficult it is.
Tell these energy companies that they can't keep making these billions of profits, it's crazy and I hope the bastards can live with the deaths that is going to come with this, it's going to be on the government and energy companies hands.
@@Yo-ItsYo try learning how the reserve currency status works, what Josh said is exactly right, the US is exporting inflation to every nation worldwide. The UK will be badly affected by an incompetent Biden Admin but you won’t be the worst affected, Europe could be really bad, but Asia and Africa, Central and Southern American nations could be really, really bad, look at Bangladesh, this is all because of Biden economic incompetence, they have triggered this.
The Pandemic and the war that doesn't concern the UK is the problem. Britain is still paying off the loan from USA 🇺🇸 for redevelopment after WW2. Hence the so called special relationship.
@@Yo-ItsYo - I'm impressed by the surgical precision with which you dismantle arguments one by one. Some people would've just gone for a tired old cliche that contributes nothing to the debate, and belongs in a school playground. Are you sure you don't want to regale us with improbable tales of your sexual adventures with their 'Moms' last night? Inflation in the US would've been in double figures every year for the last half a century if you hadn't been spreading it (relatively) thinly around the world, through the 'petrodollar' scam. That's primarily what the Middle Eastern 'adventures' of the last 20 years have been about - maintaining the need for every country to hold vast reserves of US dollars, allowing money to be printed at will without suffering hyper-inflation.
He liies, he knows this is engineered he knows the collapse and unravelling of the system was baked in in 2009 when central banks decided to bail out the banks, and continue and expand the derivative markets.
Pump up the bursting bubble is what they did. Instead of allowing the bubble to burst they patched it (as much as one can patch a bubble ffs) and then tried to inflate it further (more growth for the sake of growth). Now... we are seeing the patchwork on the bubble giving way... we are still yet to see the full fallout of the total collapse that would have happened if they hadnt patched the bubble in 2009.
You could be right but their arrogance WILL be their downfall. Once society unravels no one knows the outcome. What we do know is it’s very nasty and messy. It took a hundred years for the French Revolution to come to a conclusion.
The financial situation we (US and the UK) are experiencing now, started when printing currency that is not backed by anything except the confidence people instill in it became legal. Central banking draws out the greed that exists in all of us. This was known by the banking industry and was orchestrated by the few at the very top. It was not an accident!!
Yup. And the only reason he put out that £400 'relief' for energy consumers is because Martin Lewis pressured him to, for all the right reasons, but it's not enough! It's scratching the surface, nation-wide.
"The comfort of the rich depends on the abundant supply of the poor." Voltaire. They want you to be poor in order to maintain their fantastic lifestyle. If doesn't have to be like this, we are the sixth richest country in the world. Look at the seventh, eighth, ninth and tenth richest countries. Their working people don't suffer like the British.
@@harveysmith100 I was being sarcastic boss. See that's also another reason why the rich bastards stay rich. They have more education and are smarter than the whole stinking lot of you.
@Ollie They have none, lol. All of that bitterness and negative energy goes into nothing constructive. Even if it was destructive that would at least shake up the order. These people rather are simply hypocrites.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@joshspring7686 I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $500k from an initially stagnant reserve of $150K all within 14months.
@@miawhitlock9140 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@@miawhitlock9140 I curiously looked Jessica Meador Jones online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
It will be lovely when Scotland can govern itself, have its own treasury, and keep Scottish taxation, Duty and other natural resources in "our country". We did not vote Tory. "We" did not vote Brexit. Goodbye failed state England. We told you it was Brexit or the UK.
That's like advising the American public ( of the AAA rated sub-prime mortgage fiasco) to buckle up and pay off their $30-Trillion of federal debt in less than 10-years. Added to by the amount of $8.3-Trillion, by Trump with his ramping up of that debt, by $166-Billion a month for 4-years straight and claiming that it was an unprecedented and historic economic recovery. Good luck with that, Phil.
Any neoclassical economist would argue that inflation is the outcome of quantitative easing (= expansion of the monetary mass). This is what has happened since the 2008 financial crash. This crisis is due to the increase in energy price (supply function) via Russian gas, hence supply-driven rather than demand-driven as in the 2008 crash. Restoring the original gas prices would slow down inflation considerably. The problem is energy demand is inelastic due to the harsh Northern and Central European winter. The problem is European dependency on petrol and gas from abroad. Let's hope they find a way to reduce such dependency over the coming years while maintaining the green agenda.
@@heresjohnny602 The thing to remember whenever the tories are in power and things go wrong, it's never their fault... Its the last Labour govt or its a war somewhere in the world or its the pandemic but it can't be brexit or the tories fault. Their arrogance is only matched by their incompetence.
@@heresjohnny602 Regarding the UK, there are aggravating factors like Brexit. The Ukrainian war is another factor in the cost of living crisis but not the only one. 🇪🇺
Lip service. Guess what? Elitist houses will not be cold, their bellies will be full. Their Greed has served this sleeping nation well. Only the humble can serve mankind.
This is the 2008 recession, “part 2-The Continuation”. Recession was just temporarily paused with artificially low interest rates and quantitative easing to keep the sheople living up-to their eyes is debt buying daft SUVs with big radiator grills and houses at overly inflated prices, so the rich could continue to get their massive share returns and get even richer. Now it’s all gone tits-up as it was always destined to do and the country will go through a massive reset. Saving should be rewarded, borrowing should be expensive, we need to repair, reuse and recycle, we need to continue to be less dependent on oil and gas and switch to green energy, Scientists/Engineers need to be respected and rewarded in society more than Estate agents and Bankers.
The historic sign off emerging out of a recession is interest rates being raised, however exactly as Donald Duck says, since 2008 the intrest rates were kept artificially historically low, and we apparently had the shortest reccession to recovery ever. The reality is the 2008 recession was kicked down the road to save the banks from going bust. Now the people will have to bear the brunt of this fast money created. In a society addicted to debt this winter is going to push many people over the edge and be known as the beginning of sorrows.
@Boxing Truth Fracking banned , no further investment in nuclear energy, lack of coal power stations all because of an obsession with little windmills which cost taxpayers more money to leave on the grid then if we were without them. The uk can sit and be eco obsessed all it wants while other emerging economies do laps on us. Enjoy your tripling energy bills
Funny after observing economics for over 70 yrs I have never seen a Banker suffer during inflationary times. Perhaps they should let everyone else in on their secret.
As an ex banker, if you haven't worked it out after 70 years that says more about you than anything. Bankers are no different from stockbrokers, whatever the market does there is money to be made.
How come the UK can't do anything, but France is able to restrict energy price rises to 4%? And how come the UK has the capacity to store less than a week's gas, but countries like Italy and Germany have capacity for several months?
EDF is using its profits from rising Bill's here to offset the cost for people in france. We are literally paying to keep people in other rich countries warm. I dont blame them, I blame the greedy politicians that allowed this.
In France EDF is a national utility. (until recently 85%, now 100%. Price management can be part of the policy mix. Insulating the country from oil shocks to a large extent by betting heavily on nationalized nuclear energy also helps. Germany should never have closed its nuclear plants. The Green Party (in a U turn) is requesting reopening them whenever possible.
Believe me I feel it . Council closed my business down due a business dispute I’ve lost everything in process trying to battle it legally . Now I’m reduced to job seekers allowance for £154 per two week. Life is very harsh for the little guy I hope rishi & lizzie could comprehend our difficulties here on the ground floor.
Mate, it feels like the more I earn the greedier everyone else gets. I do wonder if it would be a whole lot less stressful to let the country pay for me and my family 🙄
Our economic crashes must be deliberate if corporations & politicians are getting richer from them. How anyone can't see there is massive crime being committed is deeply troubling.
Of course these crashes are done on purpose, especially when millions of pensions are about to come into play. All of a sudden a war, pandemic or recession & all the pensions are worthless 🤔. Been happening for at least a couple of decades
I love the channel 4 reporters running their interviews with an iron firm grip- when dealing with politicians/decision makers that are slippery and hard to pin down this is what I want to see. BBC should take note!
Unfortunately British people are too passive to do anything. If this was happening in France there would be riots. The government is aware they rule over a nation of masochists.
Sadly we don't really do that. However there was a lot of unrest on the continent during COVID lockdowns - in Rotterdam people were chucking petrol bombs at the police and there were riots in Germany and poorer parts of France. The shitty dirt poor southern parts of Italy even reported armed home invasions. And more recently Sweden had a migrant riot where some foreign asylum seekers picked fights with some scummy locals. France do riots and public demonstration very well. But not seen much from them lately.
@@halfbakedproductions7887 'Sweden had a migrant riot where some foreign asylum seekers picked fights with some scummy locals' ....why were the locals 'scummy?
I and at least four of my colleagues are now urgently looking for better paid work. I genuinely believe that I won't be able to manage on my current salary by Easter 2023. The upheaval of having to change roles and the fear of financial oblivion keeps me awake at night.
@@blairrobert3438 Countries that didn’t brexit are having the same issues so I don’t think that can be blamed here. The main economies of the world shutting down will have a knock-on effect to every country. Pretty sure Sweden will be suffering high inflation/fuel prices
@@TheDanno34 Not at the same rate as the UK. Plus we already had a brutal austerity era on top of flat wages. Then Brexit. The Brexiteers just double down on their b.s though. Its the bluffers way.
Ahhh yes the second "once in a lifetime" financial crisis. The UK needs a wealth tax and badly. Trickle down economics has been shown not to work for over a decade now.
The UK, like the US, rakes in billions in tax and yet it's never enough. Then they need to raise national insurance, etc. What makes you think additional taxes are going to work?
@@heem6619 you don't say. The principle is the same however; forceful seizure of funds from members of the public. Again, how if this approach consistently fails is more of it going to work?
@@Ryan-dk7mm Like I said, not all taxes are the same. The principle doesn't matter, the real world effects do. You seem to be anti tax on principle so I think its willful ignorance on your part.
"Are we being held hostage by Vladimir Putin ? " No .We're being held hostage on the energy front by self-harming sanctions against Russia , on fundamentals by having a financialized rentier economy and a money-for-the super rich printing central bank.
@@jamescaley9942 Lol even Trump was in on it, funny how the UK stayed longer than everyone else in lockdown, when you had that world beating vacation and covid app. Well at least with Amber alert last year, there was no delays at Dover.
Other countries are coping better than us. They didn't impose massive cuts to our public services and held peoples wages down. There's no fat left in the system to cope.
I keep hearing that it's the same in the EU yet we pay 50% more for our food and goods in the UK, why are energy bills in France way less than hours and supermarket shelves are full from Portugal to Norway.
The gas energy crisis was NOT caused by Russia's Special Operation iin Ukraine, it resulted from the US sanctions, which the UK went along with as a good little puppy dog.
I chose to work in a caring profession (NHS). What a mug I am. The economic system is so skewed to amking the rich richer. I'm done, Nationalise the lot of it.
My sister is an NHS consultant so not exactly on shabby money. She is looking to either work private, or move to another Anglosphere country such as Canada. My mate's brother was in the same situation and he left Belfast for Australia.
The big corporations seem to e doing well, particularly the ones profiting from the commodification of essentials like our energy, food and the parasitic landlords, no starvation and freezing for them. Time we help each other rig meters keep evictions from happening and swarm the supermarkets to take what we need. When times are tough they aren't showing solidarity and sharing- they are profiting from our misery, turn the tables.
You're asking for an end to fractional reserve banking, and an end to the petro dollar system. Dude, quit dreaming lol! It would work but it will never happen.
![[UA] NAVI vs MOUZ | BO5 | IEM Rio 2024](http://i.ytimg.com/vi/CMBYk0cbGoA/mqdefault.jpg)
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of $$k over the past four years.
It is unsettling to increase stock and index fund purchases during stock market downturns and bear markets, let's face it. Which makes it extremely challenging for most individuals, like me, to do. It's difficult to take the plunge and transfer the $$$k I have into an S&S.
To avoid being duped in the market, my buddy, you need a financial advisor. They rank among the top of the best because they give people individualized advise based on their risk tolerance. While some have a terrible reputation, others with a strong track record can be quite good
Recessions are not natural they are almost always government induced, whether it be Covid policy, interest rates, bail outs, war etc. there is no “natural recession”
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Julie Anne Hoover. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
@@danieljackson87 Since the market has been down for the majority of this year, I've known that I've wanted to start investing for a few months but haven't had the bravery to do so. Please tell me more about her services and how I may be confident in her abilities.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, waiting may not be the best decision for investors. It might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market and raise a profit of $350,000 since Jan 2022. For me, its the most ideal way to jump into the fin-market these days.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will also suggest investors to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@davidjackson4437 My Financial Advisor is CLAUDIA TRINIDAD RIVAS I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so...
@@brendazvandasara Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
We need a government that cares about the finances of ordinary people, more than the outrageous, record breaking profits of energy companies. It’s simple.
A government that even cares about ordinary people would be something. Pigs flying is probably more likely.
"ordinary people" voted for Johnson and Trump, showing they don't care about their own finances.
And that will only happen when ordinary people own the press.
Ordinary people dont pay enough for the country's loan repayments.
Good luck with that.
At best, the Tories don't believe in the state interfering in market forces, at worst they themselves are happy to see their investments in the energy companies pay off big time.
Starmer criticizes the Tories but stops short of proposals that would really help.
Oh and distances himself from people taking action to force themselves a reasonable pay rise.
Frankly the stock market has never been the most reliable partner from day one, patience has always been the major attribute to this game, you want to make profit then you invest head on, not cowardly taking cover. If you can't do it yourself, then find a competent professional trader to assist.
I concur.
Please i'm actually trying to invest with the aid of a professional, do you have any recommendations.
@@theresagarcia1218I would highly recommend my professional trader/broker, her strategies are really working.
@@theresagarcia1218 Just run a search with her name online.
@@theresagarcia1218 'PRISCILLA DIANE AIVAZIAN"
This is what happens when you have a Government who is more interested in lining their own pockets and partying instead of Governing....
as if you could do a better job
@@HidingInMyRoom1989 Performance related pay - OFSTED REPORT failing.
@@HidingInMyRoom1989
Stay in your room and never go outside to vote
Labour moron. This is being driven by Putin.
Unfortunately Labour and Lib Dem’s are all the same. We need a new centrist party, but don’t think that will happen
Can I just live one year of my adult life where there isn’t a massive economic crisis, pandemic, world ended threat etc. Just one year.
I know man I'm 19 and I haven't had 1 normal year so far world's been fucked since I was 17
Once the last of the psychopathic Boomer's have the reigns of power pulled from their cold lifeless hands we might have a good shot at normality.
No
😂 … No.
@@Luton-Mick conservative boomers mate ,not all of us
I have full faith in the British ability to somehow blame foreigners for this 🇬🇧 🇬🇧
Or Jeremy Corbyn.
Ok clapper
Well, who’d be blamed for blaming a predominantly foreign Westmonster!
Foreign Nationals arent scapegoats for those who are subject to and subjecting native Britons to those who are not native Britons.
You won't scapegoat your hide so easily. You are culpable.
You mean the Tories have the God given ability to blame their own folk and foreigners.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
My advisor is "Frances Annette Batista" You can easily look her up, she has years of financial market experience.
Thank you for this referral! i just looked her up and sent a message hoping she gets back to me.
They will be no recession for the people who got us in this mess, politicians.
Recession is when your neighbour loses his job.
Depression is when you lose yours.
Recovery is when the policitians lose theirs.
@@halfbakedproductions7887 And being brain dead is voting for those same politicians at a later date.
Agree
Did you walk one way around tesco with your little mask on?
Vote for Germany annexing the ukrain in the referendum?
Congratulations! You're responsible!
Correct, they all got rich during the pandemic filling their pockets through dodgy contracts with the medical suppliers.
"I think the British people have had enough of experts" - Michael Gove, MP circa 2016. The chickens are now coming home to roost.
And this is related because?
Strangely enough, it was trust placed in certain "experts" that got us to where we are now.
@@LouisMenotti yes experts in tax dodging
Brexit.
This is about bank of England experts literally being wrong and now we're headed for recession. Still better here than Germany where they're going to have to make some truly hard decisions over fuel when winter comes.
I love hearing conservatives talk about economics. They are so confident of their choices and policies, yet the last 10 years have been awful for most and exceptional for the 1 percent. When will people see through it?
never lol
Conservatives? The idiot Joe Biden , a left winger caused the massive petrol price increase with his pen. The attack here on petrolium \ natural gas is going to effect everyone worldwide. This is bidens fault. A backwards left winger.
They see it, but are way too stupid to admit it because they have been told that this is Jeremy Corbyn's fault.
Non of what you have in the UK resembles even anything close to conservative economics. You show that agenda 30 years ago, and you would be considered borderline communist. More like more of those communist policies and you will end up destroying everything. The UK needs to deregulate the business, cut spending, stop 90% of the social programs, lower tax rates and securities, limit the central bank ability to create new money, set a strict rules for deficits, remove minimal wage and thats it. All that left-wing socialist agenda adopted even by "conservative" parties the last 20 years does not work - it brings misery, bankruptcy risk, lower economic growth and makes the rich richer and the poor-poorer. That's a FACT!
Why do you feel the liberals are any better?? Where is the outrage when amazon workers tried to unionize and amazon punishes them by closing down stores?? The same with starbucks??Why did the libs increase taxes and print all that money to give as stimulus checks which we are now paying for ?? Wheres the outrage by libs when biden and the uk sends billions to ukraine while its ppl starve on the streets??? until libs take responsibility for their own actions we should never believe them
The cost of living crisis appears to be a global problem, although here in the UK it has been made worse by the increase in the prices of many goods. I believe that the government has the ability to reduce the cost of electricity, but for some reason, I don't think they are concerned about how the common person would do in these strangely challenging times.
I feel the energy company could’ve cut their prices as this current inflation affect everyone or should individual workers start charging higher fee off their employer to make ends meet.
Things are getting dicey, and the sad part is that a lot of people won't realize how bad things are until it's too late.
The cost of living has gone up and the economy is in tatters.
I work two jobs which contributes a lot to my family and with this current inflation it’s increasing been difficult. I make an okay income but the price of things keeps increasing, it’s sad.
@@stacyandrews5468 it’s really hard times, I had lots of ups and downs working different jobs. Glad my investments started paying off so I can quit them, my decision to put in some money valued and growth stocks has really saved me.
Its not energy prices. ITS HOUSING
Single guy employed living in a one bed:
£200 food
£800 rent
£200 housing gas/water/electric/internet/upkeep
£150 housing tax
£25 Mobile phone
£200 vehicle fuel
£200 vehicle tax/insurance/maintenence
£7 netflix
=Lets call that £1800/mth overhead
Gross pay £28k, minus tax, = £1900 take home
£100 a month spare = £3 per day. 4 pints down the local saturday night.
Housing is currently 7x average yearly wage. In the 90's it was 3x. In the 50s it was 1x.
Housing prices have been bidded up by a decade of cheap money - look at the history if interest rates and tell me that 14 years of less than 1% interest is normal...
It is an open secret. Everyone knows. It is called real estate economy.
I agree with where you are going with this but I believe the lowest housing vs average yearly wage was 4x in the 1960s, where is the source?
@@Ayoutubeaccount3 It was actually x3 in the 90s. Back then banks were strict and didn't lend much more than x3 earnings
£800 rent?? That's cheap. Also haven't even taken into account having children.
@@carlmcfarlane8877 you’re right, the data I had was specifically for London, Damn, even worse than I thought 😂 imagine being able to buy a house for £90,000 today, what a dream
It's amazing that during the whole discussion the massive profits by many companies, energy companies and others wasn't mentioned. They talk about packages for the poorest and saving energy companies from going bust. How about the government actually let them go bust and create a public company that takes on their customers, keeping the rates at a reasonable level since they wouldn't be driven by ridiculous profits?
Heavens no! Businesses are the backbone of politicians' pockets.
Because that's communist nonsense?
Absolute nonsense
tax or cap energy company excess profits and get private company profits out of essential industries and services
Don't be silly, this tory government is there to serve the wealthy, where is all the Russian money now?
And they spent about 3 minutes talking about this in tonight's leader "debate". Our media, and the conservative party as a whole, are royally screwed up.
The country is screwed up, BREXIT HA
They all corperations which elect leaders not you the general public. Why are we shown these debates and whose showing them to us we never used to see debates on who gets elected leader of the Conservative Party, they normally done behind closed doors not aired by TV corperations why do they get free publicity? Or they own personal political broadcast. Ask the general public if they want to elect a leader, or one that his chosen for them?
says forest gump from usa
It’s not the Conservative party. We are in a global crisis. A lot of countries are experiencing the same thing
@@barrypeers8665 Take your meds schitzo
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.
You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then.
@@kathiewest5842 who is this individual guiding you? I lost over $9000 just last week, so I’m in dire need of a financial-planner.
Credits to ‘Dawn Marie Gatti’ she has a web presence, so you can simply just search her.
@@kathiewest5842 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse is near.
Collapse is generous
1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them.
Reckoning for participation trophies is incoming
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@kimyoung8414 How can i get started when it comes to investing and passive income?
@@erichkraetz2622 Personally I work with ‘’Eileen Ruth Sparks’’ a pro who sets asset allocation that fits my tolerance and risk capacity, invstment horizon, present and future goals. My portfolio have accrued gains of about $80k in 7 months.
@@kimyoung8414 Thank you. i just found her webpage and left her a message.
Where does the "free market" go in times of crisis? Straight to the government to get bailed out.
Better know as the free market for the poor and socialism for the rich.
Some things never change unfortunately
Well not exactly, in times of crisis adding liquidity into the system helps keep in stable.. its then down the the state to tax the market when it recovers to get the funds back..
Its swings and roundabouts..
Socialism for the rich
Capitalism only works when being alongside state intervention. Its called running a mixed economy. Too much of one of them doesn't work as efficientally as both together.
@@elcristoph7380 - you missed out where they get the 'liquidity' from...
This is not because of the war in Ukraine it's the ripple effects of shutting the economy down for COVID and because of corporate greed, that's the long and short of it.
Correct.
Wait till we go to war with China and we can't get a replacement part for 95% of household items.
It's all going to plan.....😑
Only IQ deficient people are still believing their narrative... after 2 years of propaganda!
And don’t forget Brexit
True they could never recover from Covid without having a recession, Ukrainian war just an scapegoat
I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,
I feel your pain, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor for aid, and following her advice, I poured $130k in value stocks and digital assets,Up 200k so far and pretty sure I'm ready for whatever comes.
I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well
@@Natalieneptune469 I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.
@@Robertgriffinne My advisor is Nicole Ann Sabin; found her on Bloomberg where she was featured and reached out to her afterwards. You can look her up online if you care for supervision, just search her name.
@@Natalieneptune469 sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.
The absolute audacity of this guy telling us to absorb this pain when we could get these gas companies to pay their left hand (retail, need more money from us because of “low margins”) with their right hand (upstream, raking it in)
will we still be letting illegals into the country and keeping them .
the standing charges are obscene now,before we use anything.
You don’t understand business do you. You speak like a Marxist.
It's not the central banks fault, at all. It's the government's entirely. They're trying to pin it on the central bank, but don't fall for it. This guy is literally just doing his job and playing the terrible cards the government have dealt him, and then the government ministers have the audacity to blame the central bank.
@@johnbellamy6449 the standing charge alone for gas combined with electricity is probably more than a lot of people will be able to afford.
The bank of England kept saying inflation is a temporary thing .how wrong they were and these people get paid huge saleries
So did Biden. No surprises whatsoever.
Yes they moved late and too slowly.
to be fair they hadn't modelled in war in europe
I wouldnt really listen to what BoE or politicians are telling you
@@edc1569 did they model the effect of sanctioning the biggest energy supplier to Europe?
Record profits for energy companies, do they think we’re fucking stupid?!!
BP reported mammoth profits of £6.9bn today for the three months to June 2022 - days after forecasters predicted annual household energy bills will climb to £3,420 this winter.
Yes
We are....
Recessions are where millionaires are created, I feel for the older generation, but if you are you or middle age, you should do everything possible to double or triple your income.
I agree with you.
I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
@@gabrieldolph508 if this is true
I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@@samuelteddy.439 Follow his channel 👇👇👇
2.08 Energy regulator will set the price cap every 3 months to stop the Energy companies going bust?? Am I missing something here? Aren't they the same companies who only this week announced billions in profit in a few months??
they are all greedy bastards.we pay over double from last year and still falling behind.
Oh dear...you donlt know the difference between and Electricity/Gas supplier and an Oil company do you get your Gas from BP or your Electricity from Shell??....to think they let you vote....no wonder the country is in a mess with idiots like you voting
You need to consider that in relation to turn over.
@@Land-of-reason profit is profit that's what's left after all debts and taxes are paid.
Got to keep the people happy who pay their wages!
Just imagine if all the wasted money over the last 4 years squandered by the government not only to line the pockets of their own cronies but wasted on schemes that were completely doomed from the start where things would be right now.
Roger Dogger well said but the politicians will continue business as usual sad but true
I suspect dido harding won't be loosing sleep about her energy costs, I'm amazed she can sleep at all tbh
Or if they at least attempted to recoup the £9 billion they admitted was obtained fraudulently.
"Our mates stole (not counting those in the VIP lane) £9 billion? Weeeellll, we can't keep track of everything!" 🙇♀️
Are people really ok with us paying £1 million a DAY to store the unusable PPE their mates made? And no, we won't be refunded for those contracts or the storage fees.
" Increase UC by £20? Sod off! Can't afford that!"
Tory thieving scum.
Billions not Millions but Billions of pounds
@@violettefletcher3118 thank you. I just wish it were not true. I wish I was just spouting nonsense but I can't even make it up.... almost any kind of behind the scenes back door scandal that you can imagine seems to come true on a daily basis. And what's more are the things that nobody could have even imagined that continue to happen in real life. And unfortunately more of that is perpetrated deliberately by the government's that run the countries throughout the world. It seems that almost no one is immune to the corruption. Certainly not enough people to make a difference.
So here we are.
Pure greed by the energy companies, a lot of people are going to suffer.
A sad truth, I get that the war in Ukraine had a significant impact but they have clearly taken advantage of the situation based on their record breaking profits.
Cancel your direct debit on Oct 1st. There is a big campaign. It will cost the energy companies millions. Raise a complaint.
This is the fourth once in a lifetime financial crisis I have lived through.
Yes mate.... A generation was considered UNLUCKY if they faced ONE major event in their lifetime... Like a pandemic, or a war... Or a recession..
Our generation suffered all 3 within 15 years.
We got the 1,.2,, 3 knockout punch.... Its so obvious, it's disgusting.
Boris Johnson should bear all responsibilities for the UK's economic downfall.
Your wrong, he couldn't stop it but also didn't want to.
No, there are many, many people guilty for this, and we shouldn't let them escape the blame by scape goating a hapless, incompetent, ex-Prime Minister
@@James-pc1ku ....higher intelligence beings, the majority of people are obviously the sheep 🐑 🐏 🐑 🐏 .
@@darrynmurphy4764 who do you blame then ....Corbyn ?
17, 410,742 people who voted for Brexit along with every single person who voted Tory in 2019 are responsible for this & each and every one needs to hear it every seconsd they are awake
Dear Cousins, buy a lot of blankets, stock up on tea, socks, sweaters, hot water bottles. My mother who would be 100 this year, lived through the Depression. She described sleeping in unheated bedrooms.
You don't have to go back that far. I am 68 and remember the 60s and it was still the same. In a supposedly wealthy country it should never happen and it should never happen again.
Yes but your mother house would have had a fire going for most of the day..we are talking now houses with no heating at all ..at all !!
Think for a minute what that means ..
Why is it still viewed negatively when adults still live with their parents? I'm 30 and still live with mine, we support and care for each other, if I were to live on my own then both myself and my parents would struggle financially even more so. Yes, independence is nice and all, but I won't willingly make things financially harder for them especially since they're both due to retire soon.
I've grown up in a household that just managed to float by, never been in a place of financial comfort, and I'm currently working to build my career. In this economic climate, children are much better off still living with their families until they have their own.
I see your point though with some adult children who have abusive parents, I can hardly blame them for wanting to take their chances living elsewhere
Come on we can't keep leaving with our parents forever mate and even if you can you have to be a lucky person
Yeah it’s fine if you have a good relationship with your parents and they still have space for you. Not everyone can stay with mummy and daddy past their teens. I hope you’ve been saving everything you would have spent on rent and wish you luck
Not everyone gets on with their parents
Happy it’s working for you, but my parent is a psychotic alcoholic, so yeah I have to rent lol
Britain ( the square mile Eton gang ) have been shafting the punters for decades .Amazing isn't it .Must be great .Nobody goes to jail.
Remember Boris closed 10 firestations when he was mayor in London.
He axed 520 frontline firefighters to fullfil budget cuts.
Your point being?
and? london is not the only city in the uk
@@jtwin1000 the way Boris operated as mayor of London was foretelling for how he would run the country?
Grenfell R.I.P.
@@jtwin1000 Tell this those that got killed or lost relatives and friends in Grenfell
The expressions of pain from the cost of living crisis from our wonderful politicians & bankers are priceless all the time knowing their inflation busting pay packets will just keep giving! These people are not worried at all, even if they are sacked they will get a golden handshake...
They are absolutely disgusting 🤮
@Boxing Truth Yes 1 change we the little man/woman still suffer while they get paid more and become more and more detached from REALITY 💀
@Boxing Truth So the REALITY of peoples lives going from bad to worse in you’re opinion has nothing to do with The detachment being they wouldn’t know what it’s like the reality is we do.
This couldn't have worked out better for energy companies.
It's like they planned it.
I'n not paying. Can't pay
@@life107familyfitnessboxing8 Scottish power are trying to finness 13K of my dying mum, they are fucked like a gimp in prison without vaseline.
American proxy wars for big companies, we need to drop them out
War profiting has and always be good business especially for the energy sector
@@199019852007 yep, arms industry not doing to bad either....
Watch how it changes when we all stop paying!
Don’t be scared by these creeps.
We've been in recession since 2008, now we are going into depression.
It's a Elitist GREED Crisis, not a living crisis.
How much can we steal, while the rest look on?
Let's invade
Off-Shore banks & Government billionaires who have stolen from the public purse.
Money does not melt its lying there, doing nothing but hiding the Greed of the robbers.
There hasn't been proper strong economic growth recently, and indeed there hasn't been strong economic growth for many years now. Supposed strong growth of 6.5% lasted just one post pandemic snd that only came after the massive downturm hit rhe UK harder than most as everybody was looking to quickly get back to normality after the pandemic. The tories keep quoting the forecast that gave the long term strongest economic growth they obviously went along with, but the forecaat has clearly failed to materialise.
The tories can't just turn around and say the forecast would have been accurate had it not been for the cost of living crisis and looming crippling recession they are claiming is all down to other countries. In truth the UK has been falling well short of the forecast the tories went with well before the cost of living crisis began to hit, so slowing growth is nowhere near it all been down to the cost of living crisis.
Lol, just deny the facts then. This country has slow growth because of massive taxes and regulations which cripple the free market.
@Boxing Truth Go to South East Asia.
The double speak of this guy turns my stomach. Clearly he doesn't care about people. I'm doing OK financially and live on a pension and I have honed skills to protect myself from the days when I was young and didn't have adequate clothing for cold weather or enough food. Yet I made it through to the age of 75. But I still use the survival skills that I learned because I refuse to ignore the high prices of gas and electricity. I know that others are not as lucky as me but I'm obsessed with turning off lights and adjusting my thermostat while I put on jumpers, wear my winter coat indoors and conserve whatever I can. My heart goes out to the many Britons who are suffering in the heat and have freezing winters to look forward to. Callous public officials making fancy excuses . . . .
I've done the same - studied all the hacks and tricks in order to live near carefree about the wider economy.
Solar panels, wood burner (I get free wood), cavity wall insulation, extra loft insulation, water butt's, low powered car + £30 per year road tax, all weather clothes dryer, perennial plants in the garden, SIM only mobile, cheap DSL internet, firestick with other people's passwords (Netflix,Prime), no TV licence.
Mortgage is fully paid in around 5 months time.
It's all about insulating yourself - I strived for a lifestyle where I wouldn't leave myself exposed to inflation & interest rates.
When I'm mortgage free, £500 will easily cover all monthly outgoings.
My bills are mega low, average of £9 per week electric, £3 for gas, £19 per month water/sewer, £40 per month car fuel.
Low overheads are key to success.
@Boxing Truth yes it pisses me off because I know people who live off benefits (and have done for years) - no intention of working & their main goal is getting on some kind of incapacity benefit.
We all know the types.
@Boxing Truth My one vice.
Energy companies have made record breaking profits, they need to be held accountable.
I disagree. I’m sure the government is already getting huge corporation tax payments they can do something with. 10% inflation should be helping the VAT take as well. If you want to lower prices remove the 50% tax on petrol and diesel or 25% green energy tax on home energy. Or remove the sanctions to increase supply.
Gouging price look at 2008 vs now. Relatively cheaper raw material.
The problem is privatising utilities. Energy companies are currently doing what they there for.
@@marczhu7473 yeah but 50% of petrol and diesel is tax in U.K. and there is 25% green energy tax on home energy bills. The sanctions are also a choice, so this is a government made issue. Where were the bail out when oil hit -$40 a barrel and everyone was celebrating the end of the fossil fuel industry. Big profits mean big corporation tax payments, dividends which are taxed and pensions growing which will also be taxed. We should celebrate big businesses getting big profits and focus more on getting supply up rather than putting barriers in the way.
Wholesalers, not providers. Yet another uninformed dumbass. No doubt votes Labour.
House prices left reality around the year 2000 time. They haven't been inline with wages since. This is the reason people have no money and the economy is dying. We need a 70 percent reset.
@Boxing Truth The average house price in the UK in 2008 was £184,185 . It's now £283,496 which is a 52% gain. It is around 230% gain since the year 2000. They are destroying society. The minimum wage would be £12.20 an hour if it had increased the same. The problem is everything else is more expensive too now as well. The minimum wage was £3.70 in the year 2000 and people had more disposable income than now.
EXACTLY well said i Applaud you house prices and rental costs have gone up
Disproportionally compared to
incomes-It’s a outrage & disgrace it should be no more than £300-500pm to rent/ buy a house obviously average its obscene and Blatant greed and those MPs all got their snouts in the trough in the housing market too it’s a travesty been allowed to feed all the greedy parasites
It's going to crash so you will likely get close to what you wish for
the thing is that even if the conditions improve, we will never see the prices coming down again.
Agreed
Exactly!
Im the save for a rainy day type.
@@sophieoliphant8817 unfortunately the value of your savings is going down with inflation
Yes..true
12 years of incompetant economics after a financial crash will get you here.
The country has got measurably worse to live in in the last 10 years, and that way before the last 9 months.
Completely agree, we need to get back to higher rates and get the economy working properly.
Is was all planned 12 years to destroy the economy was the plan all along.
The country has steadily gone downhill since Tony Blair tbh
@@rltv8614 I’d argue since the 60s but Blair certainly did the most damage with Euro-Communism
@@loudorchen183 Blair a communist, are you for real or just incredible ignorant and stupid. Clue best budies with Lord Bamford.
Well colour me shocked 😲
What with Brexit, Covid, Conservative cronyism wastage, the criminal BoJo's incompetence and general untrustworthiness, Ukraine, energy (and other) price gouging and rampant inflation, etc, who could have seen any of this coming ...
... and this is (again) why Blaire's handing the keys of the UK economy to the Bank of England was a catastrophic error. Unless government policy acts in tandem with fiscal policy, then it'll be a continual tug-o-war between the two.
Truth
It is happening in countries that stayed in the EU. It is happening even in the US. It is happening in countries with healthy politics. The guy who is or was in charge cannot be blamed for a global recession really. We'll all have to sit this one out, just like we did the previous ones.
@@ZWD2011 Yet we will get the worst of it, with the lowest growth in the 20 richest counties - except for Russia. Who could have forecast the operational lunacy of completing Brexit during a pandemic? This act of self harm has exacerbated the problems here.
@@ZWD2011 very funny
The Government needs to reduce the 75% tax it takes when you fill up your car. Absolutely disgusting. Cost to fill up £100, gov gets £75.
Well Brexit seems to be going just great. Who, besides anyone with two brain cells, could have predicted this? 🤣
You do realise most of the world is seeing high inflation right now.....right? Including the EU.... 🤦🏻♂️
Duuude, it because of Germany taking over countries sovereignty like you voted remain for.
Wtf has Brexit got to do with this?. more like Klaus of Davos and the United Nutters agendas.. but you know that sock puppet already..
@@rltv8614 nope 😜
@@philsonhtc2871 There is so much Brexit Derangement Syndrome on display in the replies on this video. It's quite scary how cult-like they are lol
Why was there no mention of Brexit, the main cause of many of these problems?
If an economy is growing inflation is not such a big problem. Brexit has guaranteed that the economy will contract sharply for years to come.
That darned Brexit, the USA, Canada, EU, Japan, etc, etc, are all heading into recession, I knew Brexit was far -eaching, but I didn't know what power it really has!!! Hahahahahaha give yourself a shake you clown!
Britain didn't have an economy is was all based on lending and the service economy. I always wondered how it worked. Turned out it didn't. We have been getting poorer for the last 26 years eventually the money we were borrowing to keep this thing going would run out.
You realise that the entire western world is in the same situation, no?
@@ominousparallel3854 Brexit has made the situation in the UK much worse compared to the rest of Europe.
Its against British values to criticise Brexit. Be careful or they'll be knocking on your door...
This is sounding more and more like a depression as opposed to a recession.
Could we maybe please stop trying to print money to solve it? That's kind of what got us here in the first place...
Giving away or wasting our money is what's getting us here instead of sorting our own country first and stopping the governments just squandering away what is ours not there's 👌
Money is a man-made abstraction. Our lives are dictated over an abstraction
@@unicorntomboy9736 I wish I had more of this man made abstraction.
Agree, and we need normal interest rates again of at least 4%
@@muffinthepug2358 I don't fancy paying an extra 200 a month on my mortgage to line a banks pocket thanks!
A bunch or rich people who aren't effected by costs of living always saying they "understand" how all this effects the poor. Amazing.
If people weren't so greedy then this wouldn't happen. We need to stand up and stop the rich getting richer whilst we are brought to our knees.
It's a Elitist GREED Crisis, not a living crisis.
How much can we steal, while the rest look on?
Their bellies are full,
Their house are warm.
Roll over fools & slaves, for your master will slaughter your new borns today.
We knew about the energy crisis during the last recession, that why they wanted to introduce nuclear power stations. They even knew how if Russia choose to cut off our energy supplies we would struggle.
What happened to all that future planning for renewable energy sources and nuclear power?
They had a decade to invest and plan, the government can magic up money to pay for bridges that never get built, temporary garden mounds, track & trace & bailing out the train companies.
They managed to find money at choice but we have to foot the bill and pain.
The tory party have been too busy trashing the economy for their own gain via Brexshit and fighting among themselves over the spoils for 12 years instead of running the country for the benefit of the citizens.
Remain happened.
Regarding Russia chooses to cut off our energy supplies, I can't understand what you meant. Actually US kicked Russia out of the SWIFT, Russia demands for the ruble to pay for the gas and the Norn Stream 2 pipeline is not used.
@@peterbrown5447 The government knew there was energy supply problem for over a decade so what have they been investing and planning to handle the issue?
They had enough years in government to at least have provisions or a plan.
When it comes to public spending on PPE, garden bridges, temporary garden mounds, track & trace & bailing out private rail companies the money magically appears in the budget?
My point is the government pick and choose to hand us the bill at their own gain with little benefit for the taxpayer.
@@2damecuteUK Because election happens every 4/5 years, despite knowing the problems, it is impossible to make any long term strategy.
Record breaking profits for energy companies , so they never have to cut profits, we just have to pay more? Seems right 🤔
BP reported mammoth profits of £6.9bn today for the three months to June 2022 - days after forecasters predicted annual household energy bills will climb to £3,420 this winter.
Energy companies are not the same as the your energy supplier. That's why several energy suppliers went bust early this year when they had to pay more for it than they were allowed by the price cap to sell it for.
Can't believe parliament went on "holiday" when we're in the middle of such a crisis. They are paid well, have huge expense accounts, yet think this is a good time to take a break?? What a slap in the face to everyone who's out there struggling, trying to make ends meet on incomes that are even less than their bloated expense accounts.
Absolutely disgusting
Down here in Australia 2 years ago our PM went on holiday while we were in the middle of a bushfire crisis. Don't think for one second these characters go into politics to serve the nation. They do it to serve themselves.
Sounds about right to me, they do not give a fig about us until voting day!!
Same thing is going on in the states, they are taking 5 weeks off, and when they are supposed to work, it's a laughing joke...
The UK has been in recession since 1998 the best year of the UK was 2007 it all went down hill after that. - Ive been on minimum wage or unemployed my whole life, im now 37. The UK is a prison island, its a prison yard. It was the worst education worst social services and worst culture in europe.
Things got better for a while, then the recession happened and we removed the only competent government we have had in 50 years
@Boxing Truth So i would say that those peoples parents helped them, or paid for a private tutor after school cus thats what everyone in the UK does, the UK designed schemes to help people get into IT and media, good luck with that, the UK economy is basically call centers and mcdonalds , everyone works with their parents, its pay to win - the UK wasnt affected by ww2 so much as europe, there fore the UK economy still operates as it did in the imperial era pre ww2 pre nato and pre U.N.
2007 was heaven on earth and I am of the same age as you.Just wish I knew it back then... I used to go out every weekend and London was my "playground". I didnt need so much money for going out, but I could not imagine not having enough to go out for 1 drink.
I had studio and part time job as data entry clerk. Times were different and much more safe in every aspect. Everything went downhills 2008-2009 and never recovered.
@Boxing Truth I have finished school, tnx for the remarks
@Boxing Truth whatever.....
In moments like this, it's worth remembering that neoclassical economics is total bunk. The problem is capitalism: systemic crises and theft from the working class.
We need to follow the path of Marxism-Leninism to free ourselves, we have nothing to loose but our chains.
Who cares about finances when you have your freedom and sovereignty back?
@@johncraske Not everything can be valued in monetary terms. It didn’t make financial sense for Britain to enter WW2, indeed it would have been much more sensible financially to look the other way. But not everything can be defined by money, can it? It’s why remainers refuse to acknowledge there were many people with differing reasons to leave the EU.
The longer I've lived and actually lived this experience, the more convinced I've become that capitalism is the heart of the problem. Only a fool keeps on doing the same thing expecting a different result. Or a capitalist who doesn't care.
@@user-John666 Britain's empire was under threat. Hitler had altered the balance of power in Europe that wasn't favourable to the UK and he had his eye on the empire. It had to join the war to maintain its status as a superpower. However, world war 2 ended the British empire as the Americans and Soviets emerged as the new superpowers.
The evil stuff Hitler was doing to the Jews wasn't really known until the first camp was liberated.
"Little Britain" indeed. A union that is fragmented politically and suffering a most severe bout of island mentality and 'isolationismitis'.
If the USA, EU, Canada, Japan, etc, etc, are going into recession how is that possible, because they are some of the biggest countries in the world??????
@@polaris7122 Because Brexit was all about Deregulation and turning the UK into mini USA. The US is very hard to live in your always chasing your tail. You pay super premium prices for food quality that you guys got for a pittance when you were part of the EU. Rents go up and up and up, because Hedge Funds bought all forms of housing after the last crash. And you live in constant fear you might get sick. Even if you have health insurance , the $1500 deductable thats each person need to be paid before you recieve services. Oh and no matter what , Bankers, and Traders had their pay ceiling cap lifted thanks to Brexit. And that is pivotal to are new Dystopia. Sorry I'm American, I'm just telling you what's coming.
@@geneytube18 I’m hoping Scotland escapes the union with little England to avoid what you just explained. They are mainly a right wing thinking country down there and we are more of a socialist country. Time to go our own way I feel 🏴🏴🏴
@@Paulsie85 Scotland 77,910 km.. 5.4 million England 130,279 km.. 55 million Scotland is the weak and small one not England.
@@richierich1835 just ignore him. He's one of those SNP lot that blames England and the English for absolutely everything without even knowing why. The sort of person that hated Brexit but also wants to leave our Union. The sort of person that doesn't seem to understand that Scotland already has a devolved government and actually benefits financially from being a part of the United Kingdom.
We are already in the big crash, Inflation is a catastrophe. To bring the stock market to a halt, the FED will have to pull all the stops. The unfortunate this is the beginning of the great collapse. Lets just see what boat were in by next election… or if we even make it that far.
I plan to retire in Feb 2023 at 57 after 36 years in Telecom as a sales engineer. My wife will retire in Jan 2023 and she' s loving life! with the current inflation hike, looming food crisis, all institutions predicting recession to be brutal. walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition
@@sebastianspiegler5801 Take the time to learn about passive income via dividends & real estate, index funds, automating invstmnts, budgeting, etc. you'll be very happy you . I began with a fiduciary ( Katherine Duffy Burke ) and my ROI were guaranteed. In such instances, I would always advice you get a pundit to guide you through the path because theoretically it might look easy but practically its the toughest mind game
@@colbyryann2665 I have a pension, very well funded 401K, no debt.With the current CPI report 295.27 , it’s a little scary to stop saving and start spending . Please how can i reckon with such skillset? i want to grow my emergency funds of roughly $64,000 advantageously
@@richardsoncuthel810 She's well renowned so it shouldn't be a hassle finding her. Just lookher up using her fullname. Also, she has a reachout-page for consultation
12 years of conservative rule. Why am I not surprised?
Tory is for the rich and the stupid poor people of Britain think they are rich. It’s all about greedy racist Brexiteers won and now they wish they didn’t.
yeah imagine how much worse it would be under Labour!!!!
18 billion a month on government debt interest,,and rising with inflation!
In the last 2 recessions, the 1% most wealthy increased their wealth. It seems recessions are heaven for them…
Conclusion: recession means workers lose wealth, ultra-wealthy class increase wealth. Their greed is sick.
People who live above their means*
@@R3tr0v1ru5 nah. its rich tories stealing. remember when they stole 36 billion in tax money for test and trace. how many overpriced loaves of bread can 36 billion buy? the answer is shitloads.
Well yes, but it's because they are invested in assets, like everyone should be. And people who manage to be in a good position like they are, to always have some extra cash even during bad times, then they can afford to double down during recessions resulting in making even more money. The problem is that average people are usually busy with spending during good times, possibly even hoarding debt, not having anything to lean on during bad times, being crushed and not being able to invest into anything, therefore not profiting from bad times, so it is an endless cycle.
For the wealthy it’s an addiction with all the signs of addiction. The problem is the body voted to intervene has been co-opted, reduced or too incompetent to carry out an intervention.
@@greatsage4132 The ultrawealthy have money to risk because they got their money from their already very wealthy parents. That is for most cases. While the average worker does not have money to risk, but only to cover their necessities. That is why when they talk about a free market with free competition is bullsh1t because in this free market there are some who are born lions and some who are born ants.
Majority, if not all of these mp’s come from privileged backgrounds. They do not care about the people affected by poverty, they do not have any idea of how difficult it is.
Well at least people will stop buying cars and houses they can’t afford to impress someone who does the same 😂🤦🏽♂️
Tell these energy companies that they can't keep making these billions of profits, it's crazy and I hope the bastards can live with the deaths that is going to come with this, it's going to be on the government and energy companies hands.
Thank God the US is able to export inflation to other countries
Inflation is at 9.1% in the US... What you talking about.
@@Yo-ItsYo try learning how the reserve currency status works, what Josh said is exactly right, the US is exporting inflation to every nation worldwide. The UK will be badly affected by an incompetent Biden Admin but you won’t be the worst affected, Europe could be really bad, but Asia and Africa, Central and Southern American nations could be really, really bad, look at Bangladesh, this is all because of Biden economic incompetence, they have triggered this.
The Pandemic and the war that doesn't concern the UK is the problem. Britain is still paying off the loan from USA 🇺🇸 for redevelopment after WW2. Hence the so called special relationship.
@@bizzielizziearies5439 Tin foil hat 😂
@@Yo-ItsYo - I'm impressed by the surgical precision with which you dismantle arguments one by one. Some people would've just gone for a tired old cliche that contributes nothing to the debate, and belongs in a school playground. Are you sure you don't want to regale us with improbable tales of your sexual adventures with their 'Moms' last night?
Inflation in the US would've been in double figures every year for the last half a century if you hadn't been spreading it (relatively) thinly around the world, through the 'petrodollar' scam. That's primarily what the Middle Eastern 'adventures' of the last 20 years have been about - maintaining the need for every country to hold vast reserves of US dollars, allowing money to be printed at will without suffering hyper-inflation.
He liies, he knows this is engineered he knows the collapse and unravelling of the system was baked in in 2009 when central banks decided to bail out the banks, and continue and expand the derivative markets.
Pump up the bursting bubble is what they did.
Instead of allowing the bubble to burst they patched it (as much as one can patch a bubble ffs) and then tried to inflate it further (more growth for the sake of growth).
Now... we are seeing the patchwork on the bubble giving way... we are still yet to see the full fallout of the total collapse that would have happened if they hadnt patched the bubble in 2009.
You could be right but their arrogance WILL be their downfall. Once society unravels no one knows the outcome. What we do know is it’s very nasty and messy. It took a hundred years for the French Revolution to come to a conclusion.
The financial situation we (US and the UK) are experiencing now, started when printing currency that is not backed by anything except the confidence people instill in it became legal. Central banking draws out the greed that exists in all of us. This was known by the banking industry and was orchestrated by the few at the very top. It was not an accident!!
Everything is going up in cost, except the currency, which is being produced in a record quantity.
the solution is to get rid of Central banks everywhere in the world
This is the foot print of Rishi Sunak playing Snakes and ladders above monopoly,wrecked the economy’s for UK and ran out the front door
Yup. And the only reason he put out that £400 'relief' for energy consumers is because Martin Lewis pressured him to, for all the right reasons, but it's not enough! It's scratching the surface, nation-wide.
We're still paying the price of 2008
we are still paying the price for people voting Tory...
@@dean8282 Under Labour it would be the same but worse LOL. They're both basically the same.
Paying the price of printing money for 14 years
this is the price on creating fiat currency not backed by real assets
"The comfort of the rich depends on the abundant supply of the poor." Voltaire.
They want you to be poor in order to maintain their fantastic lifestyle.
If doesn't have to be like this, we are the sixth richest country in the world. Look at the seventh, eighth, ninth and tenth richest countries. Their working people don't suffer like the British.
It will 'trickle down' to you, don't forget 🙄
@@gmshadowtraders Sure it will.
@@harveysmith100 I was being sarcastic boss. See that's also another reason why the rich bastards stay rich. They have more education and are smarter than the whole stinking lot of you.
The ruling class want you to be poor because they delight in your suffering.
@Ollie They have none, lol. All of that bitterness and negative energy goes into nothing constructive. Even if it was destructive that would at least shake up the order. These people rather are simply hypocrites.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@joshspring7686 I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $500k from an initially stagnant reserve of $150K all within 14months.
@@miawhitlock9140 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@@mesutserim1595 credits to Jessica Meador Jones, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@miawhitlock9140 I curiously looked Jessica Meador Jones online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
It will be lovely when Scotland can govern itself, have its own treasury, and keep Scottish taxation, Duty and other natural resources in "our country". We did not vote Tory. "We" did not vote Brexit. Goodbye failed state England. We told you it was Brexit or the UK.
Yes I could not agree more
Fk off then good luck with the euro how many to build a wall and hope you got enough savings to buy a military ie ships planes tanks ect
You do realize of course that the EU, USA, Canada, Japan, etc, etc, are all heading for a recession, are they all failed states in your opinion???
Mr. McRat leaving the sinking ship, in case anyone was wondering. That the Scots are fairweather friends should surprise no one.
Scottish people are nicer too !
It’s people like Danny Blanchflower who are responsible for this mess as since the credit crunch of 2008 has called for continued quantitative easing
That's like advising the American public ( of the AAA rated sub-prime mortgage fiasco) to buckle up and pay off their $30-Trillion of federal debt in less than 10-years. Added to by the amount of $8.3-Trillion, by Trump with his ramping up of that debt, by $166-Billion a month for 4-years straight and claiming that it was an unprecedented and historic economic recovery. Good luck with that, Phil.
Any neoclassical economist would argue that inflation is the outcome of quantitative easing (= expansion of the monetary mass). This is what has happened since the 2008 financial crash.
This crisis is due to the increase in energy price (supply function) via Russian gas, hence supply-driven rather than demand-driven as in the 2008 crash.
Restoring the original gas prices would slow down inflation considerably. The problem is energy demand is inelastic due to the harsh Northern and Central European winter.
The problem is European dependency on petrol and gas from abroad. Let's hope they find a way to reduce such dependency over the coming years while maintaining the green agenda.
@@caballoloco100 Ah the old let's Blame every single thing on the Ukraine war. 🙄
@@heresjohnny602 The thing to remember whenever the tories are in power and things go wrong, it's never their fault... Its the last Labour govt or its a war somewhere in the world or its the pandemic but it can't be brexit or the tories fault. Their arrogance is only matched by their incompetence.
@@heresjohnny602 Regarding the UK, there are aggravating factors like Brexit. The Ukrainian war is another factor in the cost of living crisis but not the only one. 🇪🇺
Every one is controlled with a piece of plastic, a little paper, and maybe a few coins in their pockets, what a shame!
Lip service.
Guess what?
Elitist houses will not be cold, their bellies will be full.
Their Greed has served this sleeping nation well.
Only the humble can serve mankind.
Arrogant England, it's coming home. The truth that is.
This is the 2008 recession, “part 2-The Continuation”. Recession was just temporarily paused with artificially low interest rates and quantitative easing to keep the sheople living up-to their eyes is debt buying daft SUVs with big radiator grills and houses at overly inflated prices, so the rich could continue to get their massive share returns and get even richer.
Now it’s all gone tits-up as it was always destined to do and the country will go through a massive reset. Saving should be rewarded, borrowing should be expensive, we need to repair, reuse and recycle, we need to continue to be less dependent on oil and gas and switch to green energy, Scientists/Engineers need to be respected and rewarded in society more than Estate agents and Bankers.
The historic sign off emerging out of a recession is interest rates being raised, however exactly as Donald Duck says, since 2008 the intrest rates were kept artificially historically low, and we apparently had the shortest reccession to recovery ever.
The reality is the 2008 recession was kicked down the road to save the banks from going bust. Now the people will have to bear the brunt of this fast money created. In a society addicted to debt this winter is going to push many people over the edge and be known as the beginning of sorrows.
Obsession with green energy is what got us in this mess
@Boxing Truth Fracking banned , no further investment in nuclear energy, lack of coal power stations all because of an obsession with little windmills which cost taxpayers more money to leave on the grid then if we were without them.
The uk can sit and be eco obsessed all it wants while other emerging economies do laps on us.
Enjoy your tripling energy bills
This is why British Gas should never have been privatised. Would we be seeing crazy gas prices if UK gas production was Publicly owned?
No we wouldn't, other European countries with nationalised utilities aren't.
British Gas isn't British.
@@fuckbankers it was before the tories got at it you mong
Yes, you would. it'd be run for profit by the Tory government to pay for tax cuts.
Thatcher wanted private utilities. The 1986 ‘ tell Sid’ adverts! The British public bought them and now we’re paying the price.....
Funny after observing economics for over 70 yrs I have never seen a Banker suffer during inflationary times. Perhaps they should let everyone else in on their secret.
As an ex banker, if you haven't worked it out after 70 years that says more about you than anything.
Bankers are no different from stockbrokers, whatever the market does there is money to be made.
@@jjefferyworboys8138 Particularly when you can always vote yourself a raise.
How come the UK can't do anything, but France is able to restrict energy price rises to 4%? And how come the UK has the capacity to store less than a week's gas, but countries like Italy and Germany have capacity for several months?
EDF is using its profits from rising Bill's here to offset the cost for people in france. We are literally paying to keep people in other rich countries warm. I dont blame them, I blame the greedy politicians that allowed this.
Nationalisation of utilities, SIMPLES 😜
In France EDF is a national utility. (until recently 85%, now 100%.
Price management can be part of the policy mix.
Insulating the country from oil shocks to a large extent by betting heavily on nationalized nuclear energy also helps.
Germany should never have closed its nuclear plants. The Green Party (in a U turn) is requesting reopening them whenever possible.
Rip Off Britain? A nation of lions led by donkeys?
Believe me I feel it . Council closed my business down due a business dispute I’ve lost everything in process trying to battle it legally . Now I’m reduced to job seekers allowance for £154 per two week. Life is very harsh for the little guy I hope rishi & lizzie could comprehend our difficulties here on the ground floor.
I'm sure that they understand, but they just don't care.
Mate, it feels like the more I earn the greedier everyone else gets. I do wonder if it would be a whole lot less stressful to let the country pay for me and my family 🙄
Our economic crashes must be deliberate if corporations & politicians are getting richer from them. How anyone can't see there is massive crime being committed is deeply troubling.
Of course these crashes are done on purpose, especially when millions of pensions are about to come into play.
All of a sudden a war, pandemic or recession & all the pensions are worthless 🤔.
Been happening for at least a couple of decades
I love the channel 4 reporters running their interviews with an iron firm grip- when dealing with politicians/decision makers that are slippery and hard to pin down this is what I want to see. BBC should take note!
Probably why Nadine Dorries wants to sell it off!
@@thetomcoe exactly
Never once asked why they've not kicked the 9 million occupiers out.
@@resistancefighter9009 what?
@@Totalinternalreflection
Go ask an adult to read it for you.
The Tories will not be easily forgiven for leaving the country rudderless at this critical time 😡
I predict civil unrest. Bring it on.
Unfortunately British people are too passive to do anything. If this was happening in France there would be riots. The government is aware they rule over a nation of masochists.
Overdue
Sadly we don't really do that. However there was a lot of unrest on the continent during COVID lockdowns - in Rotterdam people were chucking petrol bombs at the police and there were riots in Germany and poorer parts of France. The shitty dirt poor southern parts of Italy even reported armed home invasions.
And more recently Sweden had a migrant riot where some foreign asylum seekers picked fights with some scummy locals.
France do riots and public demonstration very well. But not seen much from them lately.
@@halfbakedproductions7887 'Sweden had a migrant riot where some foreign asylum seekers picked fights with some scummy locals' ....why were the locals 'scummy?
Oldskool,agree,I’ve said this too.
I and at least four of my colleagues are now urgently looking for better paid work. I genuinely believe that I won't be able to manage on my current salary by Easter 2023.
The upheaval of having to change roles and the fear of financial oblivion keeps me awake at night.
Can you try to negotiate a rise?
Shutting the country down for the best part of 2 years was always going to have some consequences
Nothing to do with it. Blame the real people. CENTRAL BANKERS.
Yet countries with no lockdowns are suffering the same way. Brexit is a factor however.
@@blairrobert3438 Countries that didn’t brexit are having the same issues so I don’t think that can be blamed here. The main economies of the world shutting down will have a knock-on effect to every country. Pretty sure Sweden will be suffering high inflation/fuel prices
@@TheDanno34 Not at the same rate as the UK. Plus we already had a brutal austerity era on top of flat wages. Then Brexit. The Brexiteers just double down on their b.s though. Its the bluffers way.
Henry Kessinger once said
Who control food controll ppl,
Who control energy controll continent,
Who control money controll whole world
It’s all done in the name of Schwab’s great reset agenda. Current politicians in europe Candida Australia and us are all part of this agenda
Ahhh yes the second "once in a lifetime" financial crisis. The UK needs a wealth tax and badly. Trickle down economics has been shown not to work for over a decade now.
The last thing we need is to punish productive people.
The UK, like the US, rakes in billions in tax and yet it's never enough. Then they need to raise national insurance, etc. What makes you think additional taxes are going to work?
@@Ryan-dk7mm Not all taxes are the same
@@heem6619 you don't say. The principle is the same however; forceful seizure of funds from members of the public. Again, how if this approach consistently fails is more of it going to work?
@@Ryan-dk7mm Like I said, not all taxes are the same. The principle doesn't matter, the real world effects do. You seem to be anti tax on principle so I think its willful ignorance on your part.
Central banks should not be controlled by politicians.
That's why the Bank of England doesn't set interest rates, the MPC does.
They don't fund any public service and yet we're one of the most developed countries in the world, where's all that money going?
"Are we being held hostage by Vladimir Putin ? " No .We're being held hostage on the energy front by self-harming sanctions against Russia , on fundamentals by having a financialized rentier economy and a money-for-the super rich printing central bank.
If only experts said something???? Oh that was project fear, it is all the French’s fault.
Lockdown was project fear. And if we listened to experts we'd still be in lockdown now..
@@jamescaley9942 Lol even Trump was in on it, funny how the UK stayed longer than everyone else in lockdown, when you had that world beating vacation and covid app. Well at least with Amber alert last year, there was no delays at Dover.
Yes Covid was a great way to hid the Brexit mess. It was Johnson who had the final say, yes the UK had a very high death rate, in fact world beating.
Illegal immigration is.
@@patrickokeeffe539
Another Irish hater
Just remember workers can’t create a recession they are the result of one. Workers create growth.
Other countries are coping better than us. They didn't impose massive cuts to our public services and held peoples wages down. There's no fat left in the system to cope.
Nope they did not leave European because white people don't like none whites and don't want them in England. Racism has done this
Recession is when your next door neighbour loses their job, depression is when you lose yours.
Media talking down the situation just exaserbates. Likes of Peston and Kuhnsberg make their living as harbingers of doom best ignored.
I keep hearing that it's the same in the EU yet we pay 50% more for our food and goods in the UK, why are energy bills in France way less than hours and supermarket shelves are full from Portugal to Norway.
Brexit
@@RoRoKid1999 Don't forget all our privatised industry too.
This was done on purpose, it was planned...
The gas energy crisis was NOT caused by Russia's Special Operation iin Ukraine, it resulted from the US sanctions, which the UK went along with as a good little puppy dog.
No it didn't. This all comes from the criminal cabal who are the unseen government
I chose to work in a caring profession (NHS). What a mug I am. The economic system is so skewed to amking the rich richer. I'm done, Nationalise the lot of it.
If you cared you wouldn't of worked for an employer that hired a million inv4 ďers.
I'd take it out of the hands of both the State and private profiteers... time for communities to take bake control.
My sister is an NHS consultant so not exactly on shabby money. She is looking to either work private, or move to another Anglosphere country such as Canada. My mate's brother was in the same situation and he left Belfast for Australia.
Clapping isn't enough
@@halfbakedproductions7887 is she going to call herself an immigrant or an expat?
The big corporations seem to e doing well, particularly the ones profiting from the commodification of essentials like our energy, food and the parasitic landlords, no starvation and freezing for them. Time we help each other rig meters keep evictions from happening and swarm the supermarkets to take what we need. When times are tough they aren't showing solidarity and sharing- they are profiting from our misery, turn the tables.
Ah, good old Anglo Saxon economies.
The rich get richer and the poor get poorer.
The banksters are in control. End the FED and end banks.
You're asking for an end to fractional reserve banking, and an end to the petro dollar system. Dude, quit dreaming lol! It would work but it will never happen.
Sunak was the Chancellor of the Exchequer for 2 years. Congratulations!