Best thing uk can do is rejoin single market and custom union but that would mean following rules with no say, so UK should rejoin the EU but I don’t think they would get any special treatment. If pound is gone weak should they pivot to joining the euro. What happens if uk join the Euro that would be a good video.
All my life time the pound has gone down, some pauses for a few years, but ever down. Reflecting relative national decline. Post imperial pathway. Capital, should have better R&D, investment etc. The state fails in education, inferstructure. Gross inequality, and austerity prevail, on a foundation of debt, and its servicing. Brexit, has at least cut corners in our decline.
GLOBAL DEBT $300 TRILLION PLUS $2.2 QUADRILLION OF DERIVATIVES & LIAB. In the 50 years since 1971. (when the US took us off the gold standard) Governments and central banks have printed $300 trillion of new money plus quasi money in the form of unfunded liabilities and derivatives of $2.2 quadrillion making £2.5 quadrillion in total.
I think that we are heading towards a return to resale price maintenance and then exchange controls because our debt is comparable to our debt at the end of WW2.
Would you say we are in for a decade of pain? I remember the early 90's recession, the 2008 credit crunch - the after effects lasted years & years later. In fact the 2008 credit crunch was still being felt right up to the start of the covid pandemic.
Is it in any way true to say that when we were in the EU our country was the banking/forex etc. arm of the EU in spite of the fact that we were not in the Eurozone and that our economy was adjusted to operate as such?
When we were in the EU we were the forex arm of the world. As we were before EU existed. As we will be in 50 years time. More dollars are traded in London than the USA.
What ever happened to the UK? As a guy in the States, I shake my head when I think about the death of British motorcycles and autos. I had 2 Triumphs (1 Bonneville, 1 Trophy) 2 E-type Jags and a 1962 MGA MK ll. Every nut, bolt and washer was engineered with a specific alloy that was perfect for that individual part. I still look to Great Britain as the birthplace of all things good including law, culture, education and engineering in the English speaking world. When I look at videos of England and see the landscape of the countryside, I know why the area that I live in is called New England. It has to be poor political leadership, and yes, we have the same problem with that here in the States. Come on, you can do better than that!, (So can we).
What we need is to make a localised conflict into a Global problem. That shows the commitment our politicians have to dealing with COP27, the economy, our safety and Environmental Change. The IPCC Report says nothing about fostering war and division. It demands Global co-operation to reduce the fall from the Cliff-edge we are heading for.
The U K will not decide if they rejoin the European Union. Member states of the European Union will. The UK may decide to apply to rejoin the European Union. But their application will probably be rejected until they learn manners, respect and apoligise for all the insults heaped upon sain Union.
@@williampatrickfagan7590 A large percentage of the population wanted to stay in the EU. That proportion has increased since leaving, as those who voted to leave have realised they were lied to, misled and ill-informed. Those who still agree that it was a good idea are confused, ignorant or benefitting financially.
its not being weakened against the euro though.. I'm a trader.. open a chart of pound to euro.. set to monthly.. you will see a cyclic motion in which it is half the height of the range... i.e.... nothing special about its current position. I would agree if it breaks that range.. but its miles away.. and just very very unlikely, frankly.. the resistance to that is sooo strong.
@@mmhcreates they wont have another referendum.. its been settled.. even labour say no.. it would be politically untenable.. even if the numbers changed, the ref result needs to be honoured for a generation to respect the vote.. its the way it works. Additionally, we've been contract bound with nations all over the world in trade deals that would have to be scrapped as they wont comply with EU rules.. frankly, we'd get sued.. or at least really badly get some international backs up.. a 3T economy doesn't do zigzags.
Will not be extended? Every 12 months they've moved their own deadline back 18 months. Always tomorrow. But no. Even if they do get to a point the EU remove equivalence, UK will still be at lowest 2nd most important financial centre in the world.
The only way to recover the value of the pound is to have interest rates 1% above USA that will be difficult because plan to increase their interest rates in the future
As an Indian in the U.S, I made my first million as a beginner investing in the stock by taking advantage of the ongoing market crisis with the help of a broker i met in a brokerage summit in Miami and he agreed to assist me, excited, additionally i have more time for my self and family
@@molleespillett3181 My uncle an Indian in the U.S put in 27k with Mr Monroe this year May and he is seeing 750k as for now, i think is a great return on investment considering the current instability in the market
The UK only was prosperous with its empire. Empire gone, prosperity gone. At least you got a whole bunch of beautiful country estates and a grand Capital city out of it. The EU was the replacement to the empire and yet you threw that privileged relationship away. Not sure why you did that.
The UK is not one person, many people did not and do not agree with leaving the EU. Many of those who did vote to leave, can now see that they were lied to and tricked into believing that the EU was to blame for poverty, and immigration etc etc Blame the outsiders, portray them as the enemy, and those within, who really control the scene get away with it all and benefit. It was clear to me and many others that it was a scam, a bad idea being portrayed as a great one, as a panacea. By awful people, who unfortunately have been allowed to have control over our lives. And who have the power to keep people ignorant, and dumbed down via a poor educational system, and a stream of media that dictates what they believe to be true. When the UK did have an Empire, there was still poverty, peasents and slaves, in the UK. It wasnt a Utopia for all UK residents, that is a fallacy. Those who benefitted the most during the Empire are still benefiting now, are still in control. Just in control of less worldwide, but not domestically.
Britain produces 40% of the food it eats and manufactures ZILCH. What are you talking about the value of your IOU viz, the Pound Sterling? As you grandly call it.
Sounds more like an endless depression for the UK, a word that journalists and economists avoid these days. I think the UK will be more like Argentina for the next generation. Poland and Italy will overtake the UK's GDP per head soon and then maybe the Brexiteers wake up a smell the coffee but I doubt it, as admitting that you were wrong is very difficult to do and Brexit can be considered a cult in a way and cult members rarely change their mind. I think it will be when the Brexit flag hugging "back in the Imperial days" generation has passed on that the UK can consider having a closer relationship with Europe which has been its main market ever since tin was exported in the Bronze Age.
Those who did vote to leave the EU, would likely vote to get back in, if given the opportunity. Apart from those cultists you mentioned but they are surely out numbered now. The vote was close, unfortunately many people believed the fake narrative made up by those in the conservative party and BNP. And now it is evident that it was all lies, which about 48% of voters were aware of from the beginning. Democracy is a joke; when only 51% get granted the vote, the remaining 49% left unheard to suffer the consequence.
To the point and no BS analysis as ever
Another very helpful, Insightful session. Thanks 😊
Powerful insight to the sterling's saga
I like how you start your videos
Best thing uk can do is rejoin single market and custom union but that would mean following rules with no say, so UK should rejoin the EU but I don’t think they would get any special treatment. If pound is gone weak should they pivot to joining the euro. What happens if uk join the Euro that would be a good video.
All my life time the pound has gone down, some pauses for a few years, but ever down. Reflecting relative national decline. Post imperial pathway.
Capital, should have better R&D,
investment etc. The state fails in education, inferstructure. Gross inequality, and austerity prevail, on a foundation of debt, and its servicing. Brexit, has at least cut corners in our decline.
GLOBAL DEBT $300 TRILLION PLUS $2.2 QUADRILLION OF DERIVATIVES & LIAB.
In the 50 years since 1971. (when the US took us off the gold standard) Governments and central banks have printed $300 trillion of new money plus quasi money in the form of unfunded liabilities and derivatives of $2.2 quadrillion making £2.5 quadrillion in total.
I think that we are heading towards a return to resale price maintenance and then exchange controls because our debt is comparable to our debt at the end of WW2.
2nd lowest debt to gdp in G7
Would you say we are in for a decade of pain?
I remember the early 90's recession, the 2008 credit crunch - the after effects lasted years & years later.
In fact the 2008 credit crunch was still being felt right up to the start of the covid pandemic.
Hopefully not. But, it will be difficult for a few years.
That's because of austerity, then Brexit.
I'd put my head in the oven, if I could afford the gas!
Will have to resort to holding the door handle and giving it a bash.
Is it in any way true to say that when we were in the EU our country was the banking/forex etc. arm of the EU in spite of the fact that we were not in the Eurozone and that our economy was adjusted to operate as such?
When we were in the EU we were the forex arm of the world.
As we were before EU existed. As we will be in 50 years time.
More dollars are traded in London than the USA.
What ever happened to the UK? As a guy in the States, I shake my head when I think about the death of British motorcycles and autos. I had 2 Triumphs (1 Bonneville, 1 Trophy) 2 E-type Jags and a 1962 MGA MK ll. Every nut, bolt and washer was engineered with a specific alloy that was perfect for that individual part. I still look to Great Britain as the birthplace of all things good including law, culture, education and engineering in the English speaking world. When I look at videos of England and see the landscape of the countryside, I know why the area that I live in is called New England. It has to be poor political leadership, and yes, we have the same problem with that here in the States. Come on, you can do better than that!, (So can we).
Socialism
🤦🏼♂️
What we need is to make a localised conflict into a Global problem. That shows the commitment our politicians have to dealing with COP27, the economy, our safety and Environmental Change. The IPCC Report says nothing about fostering war and division. It demands Global co-operation to reduce the fall from the Cliff-edge we are heading for.
If UK ever decides to rejoin EU, then joining the Euro is going to be a hot topic too. I wonder what happens if the Sterling is permanently weakened?
The U K will not decide if they rejoin the European Union.
Member states of the European Union will.
The UK may decide to apply to rejoin the European Union.
But their application will probably be rejected until they learn manners, respect and apoligise for all the insults heaped upon sain Union.
@@williampatrickfagan7590 A large percentage of the population wanted to stay in the EU. That proportion has increased since leaving, as those who voted to leave have realised they were lied to, misled and ill-informed. Those who still agree that it was a good idea are confused, ignorant or benefitting financially.
its not being weakened against the euro though.. I'm a trader.. open a chart of pound to euro.. set to monthly.. you will see a cyclic motion in which it is half the height of the range... i.e.... nothing special about its current position. I would agree if it breaks that range.. but its miles away.. and just very very unlikely, frankly.. the resistance to that is sooo strong.
@@mmhcreates they wont have another referendum.. its been settled.. even labour say no.. it would be politically untenable.. even if the numbers changed, the ref result needs to be honoured for a generation to respect the vote.. its the way it works. Additionally, we've been contract bound with nations all over the world in trade deals that would have to be scrapped as they wont comply with EU rules.. frankly, we'd get sued.. or at least really badly get some international backs up.. a 3T economy doesn't do zigzags.
I wonder if the hit the UK financial services will take in June 2025 when the equivalence will not be extended is already accounted for in the market?
Will not be extended?
Every 12 months they've moved their own deadline back 18 months. Always tomorrow.
But no. Even if they do get to a point the EU remove equivalence, UK will still be at lowest 2nd most important financial centre in the world.
The only way to recover the value of the pound is to have interest rates 1% above USA that will be difficult because plan to increase their interest rates in the future
Yes, and I can't see UK interest rates above US for the foreseeable future.
BOE havent got a clue. Afraid if they fail to follow market sterling will drop as happened with truss budget. A weak pound only adds to inflation.
As an Indian in the U.S, I made my first million as a beginner investing in the stock by taking advantage of the ongoing market crisis with the help of a broker i met in a brokerage summit in Miami and he agreed to assist me, excited, additionally i have more time for my self and family
Hey Aarav, I'm an Indian in California, as a beginner I need urgent help with my stock, please share your broker with me, I would appreciate it.
@@aarushisanah5811 He is known as Monroe Horcel look him up on the webb
@@aaravsamardh7089 Alright, I can see his profile here on the web, sent him a well articulated email hoping I get a response
Im happy Mr Monroe is getting the recognition he deserves, I was ones at his conference in Miami he spoke well
@@molleespillett3181 My uncle an Indian in the U.S put in 27k with Mr Monroe this year May and he is seeing 750k as for now, i think is a great return on investment considering the current instability in the market
What I want to know is the euro crisis over as it’s still below parity with the dollar.
The UK only was prosperous with its empire. Empire gone, prosperity gone. At least you got a whole bunch of beautiful country estates and a grand Capital city out of it. The EU was the replacement to the empire and yet you threw that privileged relationship away. Not sure why you did that.
Because we didn’t want a unelected commission ruling us. It’s not rocket science
The UK is not one person, many people did not and do not agree with leaving the EU. Many of those who did vote to leave, can now see that they were lied to and tricked into believing that the EU was to blame for poverty, and immigration etc etc
Blame the outsiders, portray them as the enemy, and those within, who really control the scene get away with it all and benefit.
It was clear to me and many others that it was a scam, a bad idea being portrayed as a great one, as a panacea. By awful people, who unfortunately have been allowed to have control over our lives. And who have the power to keep people ignorant, and dumbed down via a poor educational system, and a stream of media that dictates what they believe to be true.
When the UK did have an Empire, there was still poverty, peasents and slaves, in the UK. It wasnt a Utopia for all UK residents, that is a fallacy. Those who benefitted the most during the Empire are still benefiting now, are still in control. Just in control of less worldwide, but not domestically.
ordinary Brits at time of empire lived in utter poverty and destitution. Its worth remembering.
do you have to look so happy when giving such bad news your making me more depressed than i was
Britain produces 40% of the food it eats and manufactures ZILCH. What are you talking about the value of your IOU viz, the Pound Sterling? As you grandly call it.
The UK is stuffed.
Sounds more like an endless depression for the UK, a word that journalists and economists avoid these days. I think the UK will be more like Argentina for the next generation.
Poland and Italy will overtake the UK's GDP per head soon and then maybe the Brexiteers wake up a smell the coffee but I doubt it, as admitting that you were wrong is very difficult to do and Brexit can be considered a cult in a way and cult members rarely change their mind.
I think it will be when the Brexit flag hugging "back in the Imperial days" generation has passed on that the UK can consider having a closer relationship with Europe which has been its main market ever since tin was exported in the Bronze Age.
Those who did vote to leave the EU, would likely vote to get back in, if given the opportunity. Apart from those cultists you mentioned but they are surely out numbered now. The vote was close, unfortunately many people believed the fake narrative made up by those in the conservative party and BNP. And now it is evident that it was all lies, which about 48% of voters were aware of from the beginning. Democracy is a joke; when only 51% get granted the vote, the remaining 49% left unheard to suffer the consequence.
Is this a human or Google's sentiment A.I