Things Aren’t Looking Great for the UK

34 thoughts on “Things Aren’t Looking Great for the UK”

1. Things are definitely heating up in the global financial system. In this episode we focus on the UK currency flash crash but I also touch on other global risk. Hope everyone out there stays safe. Also, thanks for watching.

2. All this economic turmoil is being caused 100% by bad political and economic policies by worldwide leaders and bureaucrats.

3. The UK without its empire doesn't have the money coming in that it had in the 20th century. Essentially everything since the 70s has been buying off credit without as much income to back it up while still flexing. But the inflationary crisis, unsustainable cost of living, worker burnout, and sickening population are issues common to all western countries. The neo-liberalism policies that have been economic policy for some time are causing massive damage across the board. An economic revolution is needed.

4. As a Brit my perception is that we have a shamefully anarchic political system that gives disproportionate power to people with a very weak mandate. Unsurprisingly these people think our system is evolutions last word,
   so such this comical system is incapable of evolution. Things that can't evolve tend to go extinct. In short, we are comprehensively fu**ed!

5. I didnt realize the pound was down so low. Thing aren't going well in the US, it's not like a super robust dollar value is driving down the comparative worth of the pound. The fact that the pound is that low by comparison is extra bad.

6. Why are pension funds trading high leverage instruments in volatile markets, in the first place?

7. Although the UK is bankrupt the Government are galdly paying to house and feed illegal immigrants whilst its own people are losing their homes, jobs and pensions. We are gradually (rapidly) being replaced. British people will vanish in the future.

8. When a person borrows more than they earn or can immediately back up it is called debt. When a corporate entity does the same its 'leverage.' I know they are fundamentally different but I still wish some entities would just say "debt" because any household would have an intuitive sense of how risky a financial move could be.

9. UK parliament is majority jewish hence tens of millions or more to Ukrain , tens of millions to the EU as a PR stunt to make it look like the invaders are being stopped , backed up the USA with EU sanctions on everything Russian ,causing the rest of the world to join free trading blocks that do trade with Russia /China ,UK in recession on the road to another market crash in 2023/2024 .

   UK Tory government scrapped the feed in tariff /domestic gas storage /raised the VAT on all things solar from 5% to 20% scrapped the green EV grant ,taxing EVs & turning all of Greater London into a ULENZ zone , with that to rolled out across all of the UK
   
   The whole thing is going to crash on top of that they signed up the Paris accord an emissions based carbon zero tax grab .

   In all of this MPs /Ministers & the Lords all get a garanteed fat cat salary and even fatter expenses .

   In short the UK is cattle trucked !

10. Well, one might just about come to the conclusion that financial services are an inadequate and risky branch to run a country on. Britain should have retained much more of its industry.

11. Brexit

12. This is worldwide and I can't specify why because I will be called a C.T. Let's just say: "we will own nothing and be happier for it"

13. Liz Truss is best British joke in last 40 years.
    Woman is so incompetent and only solution was resignation.

14. It's spelled 'Gilt'.

15. Good video thank you for producing it. The first point is that the currency is now trading around $1.20, so more than a complete recovery. On housing the market has been going up so much that a fall was expected and overdue. For first time buyers it is welcome. A 6% mortgage rate against a 12% forecast drop is beneficial to new buyers. There is a lot going on the economy that is working. For example Anglo American's potash mine in the Northeast has the largest deposits in Europe and fertilizer is in short supply. The Uk economy could be fossil fuel sufficient, 200-year supply of coal, natural gas from North Sea and Oil but ludicrously chooses to go the wind farm route. But the assets are still available. The FTSE 100 index is one of the best performers this last few months, I expect it will overtake the CAC. It is not good for the UK, I agree but as you rightly point out the banks in Europe and the European economy is de-industrializing. Germany has been built on cheap gas, those days are over, they have LNG at eight times the value of Russian gas.

16. Brexit was stupid

17. Right now I'm stuck between a rock and a hard place; wether to vote for an incompetent Conservative party who just want to hold onto power, or to vote for Labour who are competently malicious.

18. Brits and Yanks must come together again and remind their governments who they serve…. as we both have always done in the past

19. I don't think using third world countries to explain the mishappenings in the British economy is any where near good, nobody liked what what happened to the British economy but that doesn't mean, you use third world countries "in general" to illustrate, real people live there ,because you're fortunate to run a YouTube channel doesn't mean you say anything.

20. I'm a dutch person living in Germany. My Son lives in London after going to school and uni in the UK. He is still doing reasonably well and has a permanent resident status. But nothing has improved after Brexit. Simply sending a box of cookies for Christmas has turned into an expensive and complex shipping exercise. What has the UK gained? Even the Tories have not come up with a good answer to this question. It seems to me that the turkeys voted for Christmas and it makes me sad. With inflation currently at about 10%, my primary concern is how to maximize my savings/retirement fund of about £600k which has been sitting duck since forever with zero to no gains.

21. The queen is taking all of the Kingdom's money with her to the grave

22. what goes up must come down

23. I really appreciate your in-depth information and presentation style!

24. The people who really rule Great Britain secretly rule most of the world,own most of the world and use money etc to control not just Britain but most countries in my opinion,this seems designed to affect us civilians

25. We need to Support Ukraine more , they are suffering there under terrible conditions and russian atrocities . Come on people , am i right .

26. When I buy a car, I get a car. The car has value, it moves me around. I buy a drill, I get a drill. It has value, it makes holes. When I buy stocks, what do I get? I can sell it later for a different price. There is no value. The only value it has comes from what other people believe it's value to be. A drill will always make holes even if the monetary price of a drill is 1 cent or 5 billion, the actual thing is the same. A stock can never do anything. What's the point?

27. The best thing about a complete collapse of the UK is we will never again have a Conservative government.

28. Not "Guilt", "Gilts"

29. was the mini budget engineered , to drop the bond price would anyone else be interested in buying government debt to gain a foothold in some way. the fact credit suisse and deutsche bank in trouble, and uk as a whole, what are the links to energy and hyperinflation? who are major share holders in energy? and why are those shareholders being given a seat at the table to steer the uk government, something very odd going on here.

30. Jewkraine should just surrender.

31. How are things like in the EU, by comparison? I'm quite curious, especially with France, Germany and Spain.

32. In Bangladesh we are going to suffer from famine in 2023, that what our government is saying for past few months.

    9.8 lbs soybean oil cost 12 usd (previously was around 4 dollar) for almost 2 years in Bangladesh. Sugar price is rising 14-20 cents per week. Please pray for our low middle class and poor people in Bangladesh 🇧🇩 Corruption is normal here. Disgusting sellers are taking advantage of crisis and hidden many products. Our media has found some sellers hiding tons of soybean oil and Sugar.

33. Gilt = Bond (not Guilt, but no worries)

34. You're not saying anything new. How money is created out of thin air and is not backed by any gold or silver or any other resource was shown very well in 1996 documentary Money masters. Frontline did some documentaries as well. It's all known and there is no viable way out of this mess. It's mathematically impossible to avoid shitshow like this if the system is not changed.

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