Inflation WILL Fall This Week

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Garys Economics

Garys Economics

26 күн бұрын

Don't believe the media hype: inflation will fall but it won't make a big difference to your life.
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Performed by Gary Stevenson
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Пікірлер: 1 300
@LazyTheNinja
@LazyTheNinja 21 күн бұрын
It is Wednesday my dude, and you were so right with this video, even the PM tried to claim this as one of his "wins" while announcing the election. What a clown show.
@TalesOfWar
@TalesOfWar 10 күн бұрын
Either he was lying when he said he had nothing to do with inflation being so high, or he's lying now when he says he brought it down.
@adamantportraits
@adamantportraits 23 күн бұрын
The fact that you have money and you’re choosing to spend your free time telling people about your point of view is really commendable. Keep on Gary
@jungleboy1
@jungleboy1 22 күн бұрын
yeah and he had choices. He could have become the next Andrew Tate and drive around with his flash Bugatti. Instead he is in his modest flat, with wallpaper from the 80s and basic kitchen. Love it lol!
@tekkn_579
@tekkn_579 22 күн бұрын
@@jungleboy1 his target audience aren’t teenagers
@NEOmnius
@NEOmnius 18 күн бұрын
Yeah, that's all grand, but still he is just talking about it. Most of his videos are basically "we need to fight the rich... we need to tax the rich... we need to reduce inequality..." but he never gets to the point! How are we going to do that? How would he do that? Whats the plan?
@adamantportraits
@adamantportraits 16 күн бұрын
@@NEOmnius I agree mate, I’d be surprised if Gary isn’t thinking about this - I’ve seen this comment quite a few times so surely it’s got to him
@Alex-cw3rz
@Alex-cw3rz 25 күн бұрын
The fact the news doesn't make this clear is such a failure of the media
@hariowen3840
@hariowen3840 25 күн бұрын
It's only a failure as in the concept of the importance of a 'free press' in a genuine 'democracy' - the truth being that there is no such animal in reality!
@MrR6pilot
@MrR6pilot 25 күн бұрын
They're not failing at all - you just don't understand what their objective is. Who owns the media ?
@Bert86
@Bert86 25 күн бұрын
You think the media works to inform you? Oh....the media is doing exactly what it's meant to do
@Chris-qb6lb
@Chris-qb6lb 25 күн бұрын
The media existed to manufacture consent even when they did a more thorough job of covering their issues.
@federicoprice2687
@federicoprice2687 25 күн бұрын
The media are the problem... They represent the interests of the global rich, drive the political process and "own" the politicians. It makes no sense to trust the media because their mission is to either cover up the truth, or lie, or both. And it works. Goebbels was good at this tactic - it's called propaganda.
@sarawilliam696
@sarawilliam696 22 күн бұрын
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io 22 күн бұрын
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
@Pamela.jess.245
@Pamela.jess.245 22 күн бұрын
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
@carssimplified2195
@carssimplified2195 22 күн бұрын
Impressive can you share more info?
@Pamela.jess.245
@Pamela.jess.245 22 күн бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@carssimplified2195
@carssimplified2195 22 күн бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@eldrago19
@eldrago19 24 күн бұрын
"The purpose of learning economics is not to learn a set of premade answers but to avoid being deceived by economists."
@tedh79
@tedh79 21 күн бұрын
Who said that?
@MMAFunnyShorts
@MMAFunnyShorts 21 күн бұрын
Oh look, Rishi sunak is taking credit for inflation falling and now will apparently call a general election this afternoon. Came back and Subscribed.
@ivonnikolova503
@ivonnikolova503 25 күн бұрын
BIG RESPECT from Bulgaria to YOU, Garry ! You are ONE OF US, the PEOPLE !
@keepcreationprocess
@keepcreationprocess 23 күн бұрын
which Bulgaria - ? the poor or are you from the rich ? - the thugs ?
@FireSwordable
@FireSwordable 23 күн бұрын
Economic inequality is Bulgaria is about the same as the UK. Corruption feels very similar to me as well.
@ivonnikolova503
@ivonnikolova503 23 күн бұрын
@@keepcreationprocess if I was from the thugs, how do you think, do I will be fan of Garry ?! Unfortunately (for me) I am from the people. Simple logic.
@keepcreationprocess
@keepcreationprocess 23 күн бұрын
@@ivonnikolova503 No, it is not that simple nor logical. you don t know what working class is. You don t have major debts. You have freedom even when you don t work - you have a home. It is not the UK. where you can t go nowhere. You don t speak sound like the working class.
@Decapitorr
@Decapitorr 25 күн бұрын
gary is by far the best economist on utube, others are pushing bs ideology that make no sense
@CCP_Operative
@CCP_Operative 25 күн бұрын
Agreed but he does fail to mention the impact of high net migration on the availability of housing
@bluebay0
@bluebay0 25 күн бұрын
Not ProfSteveKeen.
@gordon1201
@gordon1201 25 күн бұрын
​@@CCP_Operativebecause it's not that big a deal when you compare to the number of births.. you think immigration is high? How about 140 million people being born every year?? immigration is NOTHING compared to natural population growth.. immigration is a convenient red herring that politicians use to get you mad and to divide us.. stop letting them divide us and THINK! Use your fucking brain!
@robbie609
@robbie609 25 күн бұрын
Only because I'm not on Ytube;)
@DJWESG1
@DJWESG1 25 күн бұрын
Try David Harvey. Also to not forget* Gary went to LSE, so think about looking lord giddens , David held and even the likes of george soros who all attended lse, and have lectures on youtube. * edit i forgot to include the word forget 😂
@Levenstone132
@Levenstone132 25 күн бұрын
It's as if they think we're all stupid. Cheers Gary.
@JackSparrow-ct4mh
@JackSparrow-ct4mh 25 күн бұрын
they aint wrong
@got2bharmony
@got2bharmony 25 күн бұрын
Sadly many are.
@mrjelfs3705
@mrjelfs3705 25 күн бұрын
We are....
@jonaseggen2230
@jonaseggen2230 25 күн бұрын
It's as if they know enough people are stupid
@edmurth
@edmurth 25 күн бұрын
They work on the basis that they can convince enough people to vote against their own best interests, divide and conquer. Just look at the culture wars for a current example.
@SaintGGod
@SaintGGod 25 күн бұрын
Only thing that truly matters is real wages (after taxes) vs what prices you see at your local grocery store + housing. Nothing else matters. Don't be gaslit by the media into thinking you're not getting robbed in broad daylight.
@petrov__the__blind188
@petrov__the__blind188 25 күн бұрын
Yeah, they want you to thank them for making things more expensive, but not "as quickly" as they could. It's mad!
@got2bharmony
@got2bharmony 25 күн бұрын
Don't forget the next general election is not far away. The largely Tory controlled media will try to project a good news story so that the easily distracted will vote for them. Labour would do exactly the same, Don't vote fir either, as George Ga,lowly says, they are two cheeks of the same arse or the Uniparty.
@Oldmanpeace
@Oldmanpeace 25 күн бұрын
I disagree, value of the currency on the world stage is just as important as real wages. Edit as most of our goods are imported.
@CCP_Operative
@CCP_Operative 25 күн бұрын
Look up Real (after inflation) wages if you want to see something depressing. Since 2008 weekly wages have gone up by something stupid like £10
@carlbaker5880
@carlbaker5880 25 күн бұрын
@@Oldmanpeace still ends up being us buying goods in this country with our wages though
@jdferris4
@jdferris4 25 күн бұрын
Brilliant black eye analogy. 😂
@hilaryporter7841
@hilaryporter7841 25 күн бұрын
I agree. Love an analogy, especially when it punches Sunak on the nose so eloquently.
@Jake-hb8ek
@Jake-hb8ek 25 күн бұрын
It is and isn’t. Once the swelling goes down while you will have the memory of being punched you will have no lasting effect. With inflation the effect lasts beyond the passage of time.
@jdferris4
@jdferris4 25 күн бұрын
@@Jake-hb8ek Until you get punched again.
@TheMainhood
@TheMainhood 25 күн бұрын
How do we go about taxing the rich then in reality, what does it look like. If no party is serious we will end up in a constant spiral no? Politicians funded by the rich who want to keep it how it is, what’s the counter attack? Basically what are the actions that need to happen to make your words reality. Happy to share your content as you suggest but it will most likely fall on deaf ears, what party would affect this change and how would they go about upsetting the status quo. Love your content but it makes me feel even more helpless rather than being ignorant to it (ignorance is bliss!) if you know what I mean. Cheers
@davideyres955
@davideyres955 25 күн бұрын
@@TheMainhoodit won’t ever happen. Even Labour are funded by business. What we really need to do is get executive pay under control. I don’t object to people getting good pay but I do object when it comes out of the general workers pay packets. Basic rule of business is that you only do something if it saves you more than it costs or it makes you more than it costs. If it dosnt do either of those 2 things then don’t do it. Now when you take that on board you only employ people when they make you more money. So take someone building cars, if you double your workforce you double your output. So when you have an exec paid 10million and your workers are paid say 30 thousand this guy has to personally make the company 333x more revenue (not profit) than the workers on 30k. Logically that dosnt stack up. Hence my assertion that we should get exec salaries under control. I’m not talking about capping them but more that if you have an exec that’s paid 10mil then his workers must get paid something proportionally similar. Making extra profit isn’t hard when you just sack a ton of staff, less costs = more profit but you’re affecting revenue and future company profitability for the sake of short term profits. Not exactly big brain requirement.
@yoeddy
@yoeddy 22 күн бұрын
who's back after bro was right? 😂
@unklekoolkat
@unklekoolkat 22 күн бұрын
Yep - spot on.
@carpediem44
@carpediem44 25 күн бұрын
"Rishi Sunak and conservatives claim credit for the passage of time!" This is such manipulative bullshit.
@curmudgeon1933
@curmudgeon1933 24 күн бұрын
But a realistic description of the way the Tories spin every slight improvement as a sign of their wisdom and competence... and every scandal, disaster, scam, corrupt practice, etc., as the fault of someone else...usually Labour, the 'woke' mob, or Hamas. lol
@TearTheRoof0ff
@TearTheRoof0ff 24 күн бұрын
@@curmudgeon1933 Not just Labour, but Jeremy Corbyn specifically.
@Brynson87
@Brynson87 24 күн бұрын
​@@curmudgeon1933Labour would do exactly the same if they were in power and the Tories would be calling them out on it. Two cheeks of the same arse.
@johnristheanswer
@johnristheanswer 22 күн бұрын
Labour can't, on the one hand, blame the Conservatives for causing inflation and then not give any credit when they , the Conservatives , claim to have brought it down. Labour can't have it both ways can it ?
@michaltakac673
@michaltakac673 22 күн бұрын
@@johnristheanswerOh you haven’t seen a thing yet. Here in Slovakia we have politicians requesting to defund some government agencies because they support also LGBT projects, then turns out the person being vocal about it is using these agencies money to publish LGBT projects via his publishing company. You can literally say anything in this country and it won’t matter. And I feel like UK isn’t way different, considering the whole Brexit joke.
@ilformaggiodidio
@ilformaggiodidio 21 күн бұрын
Boom Gary! And here we are. Great video as always. You're the voice of reason and sense in this economic mess we're in.
@basiaszendrei1603
@basiaszendrei1603 21 күн бұрын
This is hillarious. You were 100% correct.
@NEOmnius
@NEOmnius 18 күн бұрын
As he said himself, a lot of people knew this would happen. Anyone with a bit more economic knowledge knew. I started watching him a while ago, and I also got his book. His basic message is we need to tax the rich... we need to fight the inequality. I was waiting for his new videos regularly, and he basically parrots this all the time, but he never suggests any course of action! He never says which way could taxing or fight against the rich could be done?
@basiaszendrei1603
@basiaszendrei1603 18 күн бұрын
@@NEOmnius Sure, but I was thinking more how disingenuous the news reporting was in that regard. I don’t know how many people know how inflation works and how it is calculated and I haven’t seen mainstream media taking it upon themselves to explain it. I’m not an economist and I didn’t know how this exactly is reported. As for how to go about taxing the rich? Gary said in number of videos to pressure your local MPs. There is even an email you can send to your local MP. Taxing the rich really is a matter of a new tax legislation. It’s not a rocket science. But in the UK that is very unlikely to happen at the moment, since the politicians ARE the rich or in some way connected to them. Least we can do is to get the electorate to talk about it. Maybe change the mindset of the rich themselves, that if you have less wealth inequality, it is for the benefit of the entire nation and its economy.
@michaelcoyle9262
@michaelcoyle9262 24 күн бұрын
Already seeing multiple news channels talk about how on Wednesday we’ll see that inflation is down and everything is great. Thanks for the work Gary keep spreading the truth!
@Petersworld77
@Petersworld77 20 күн бұрын
And Gary amongst others it has to be said is predicting inflation rising later in the year. So watch the media blame Labour for inflation rises in autumn and winter when we know it will happen regardless.
@chrisjones5046
@chrisjones5046 22 күн бұрын
I love the comparison of "I can reduce the swelling in your face over the next 3 months" 😂😂
@donnnaread6947
@donnnaread6947 22 күн бұрын
Gary it's Wed 22 May its 7.20am and the News just like you said ' Inflation is down ' was the announcement, you are bloody superb Thank you you read these arseholes so well we are Blessed to have you. X
@KingsguardMedia
@KingsguardMedia 25 күн бұрын
A really important point about not fleeing to a "better place". I've noticed a trend where middle class people who are realising their money isn't going as far in Western countries, move to East Asia and similar places and live in "relative" luxury. However, this prices the locals in that economy out and basically passes the problem of wealth inequality on to them. I wonder what UK house prices would look like if foreign millionaires and billionaires had never purchased property here as an investment vehicle or simply to have 5-6 homes they don't use
@369dabbler
@369dabbler 25 күн бұрын
Don’t blame them
@silvafox7719
@silvafox7719 24 күн бұрын
@@369dabbler Billionaires are leeches of society. Your water bill, utilities, food etc owned by multi national corporations or billionaires, your money leaves the UK, it ends up in a shell company or tax haven, so tax free or low tax. The government borrows to make up the shortfall, creating interest payments to the banks. Once the government are in debt (£2,86 trillion in the UK by Oct 24) they must borrow more to keep up the interest payments, and so the cycle continues.
@Yaboi345
@Yaboi345 25 күн бұрын
Gary always hits the nail on the head for explaining economics to the layman. Keep it up!
@Yaboi345
@Yaboi345 25 күн бұрын
@@tdc7 how’d know I’m not referring to his previous works? I can continue watching the video and commenting?
@penderyn8794
@penderyn8794 25 күн бұрын
He is saying that the life standards around the world are going down...". Is the reason"...... Is very poor reasoning 😂😂😂 He is trying to stay in symptomatic observation as a causation.
@Yaboi345
@Yaboi345 24 күн бұрын
@@tdc7 Thanks for the English lesson.
@messiahcomplex7445
@messiahcomplex7445 20 күн бұрын
I've been crying out for u Gary; someone who leans a little left, genuinely cares and can explain this stuff to the masses. Hope you can grow your influence and more people start to hear u 🤞🤞🤞
@johnboucher8226
@johnboucher8226 21 күн бұрын
And Rishi has just called a general election on this alone!
@TheBurdenOfHope
@TheBurdenOfHope 25 күн бұрын
The black eye analogy was brilliant
@b00ts4ndc4ts
@b00ts4ndc4ts 25 күн бұрын
I love how the Tories are taking credit for something that was predicted two years ago.
@richardashworth400
@richardashworth400 25 күн бұрын
I love how you think it's just the Conservatives who would do this.... Labour and Conservatives are two wings on the same bird, chap. Don't fool yourself into thinking Labour are any better than Tories..
@paulwhalley6789
@paulwhalley6789 25 күн бұрын
@@richardashworth400can’t wait for labour to get in, so they finally shut up and realise, the whole bird is broken.
@richardboldbrooker6327
@richardboldbrooker6327 25 күн бұрын
@@paulwhalley6789 Nope it means that we should all be voting for someone different than the Tories or Labour (and Lib Dems) because they are all 'sponsored' by greedy businesses and the rich and over entitled. And it's actually that whole, 'there all as bent as each other' is what the Tories and Labour want people to think because that keeps it a two-party system. What this guy Gary and others have been saying for years now, is that it's time to get rid of these two, and if the next two are 'as bent as each other' then we need to vote them out as well come the election after. And WE the public need to stop our voter apathy and push for no more sponsorship by the rich.
@b00ts4ndc4ts
@b00ts4ndc4ts 25 күн бұрын
@@richardashworth400 I love how you think that you have me figured out on a few words in a sentence.
@robsclc777
@robsclc777 25 күн бұрын
What political party will make the change Gary? This a policy thing from you or something we all need to do like an uprising?
@TheBurdenOfHope
@TheBurdenOfHope 25 күн бұрын
You should get Yanis Varoufakis on for an interview. I think you two would get on like a house on fire 🔥 amazing video as ever Gary. Thank you for making them x
@geraldineaust1404
@geraldineaust1404 25 күн бұрын
Great idea - will be storming
@thesoftanchors
@thesoftanchors 25 күн бұрын
Yes for Yanis and Gary
@g.j.2950
@g.j.2950 24 күн бұрын
I would be very into that
@jungleboy1
@jungleboy1 22 күн бұрын
I'd be worried. Govt agencies may send a hit squad.... Varoufakis got blocked in Germany recently. They really dont want people like Gary to speak out.
@RavenAUS
@RavenAUS 25 күн бұрын
Watching from Australia 🇦🇺 Thanks for sharing!
@shirty2
@shirty2 25 күн бұрын
So in other words, it’s not that inflation has “improved”, it’s just that it’s gone up slower in the current 12 months than it did in the previous 12 months.
@jamesj131
@jamesj131 24 күн бұрын
Yes. Aka Disinflation
@Magnerz25
@Magnerz25 24 күн бұрын
no, not disinflation, prices are still rising just at a slower rate then before
@sefyboy7183
@sefyboy7183 24 күн бұрын
@@Magnerz25 Yes... Disinflation. You just disagreed with him and explained what disinflation means lmaooo
@Magnerz25
@Magnerz25 24 күн бұрын
@@sefyboy7183yeah, fair enough, he was correct with his original comment
@jamesj131
@jamesj131 24 күн бұрын
@@Magnerz25 The different terms they like to use: Inflation Disinflation Deflation We are all here to learn and understand the economy better. I know the economists love to use different jargon and maybe it’s to confuse the masses.🤔
@storytimewithanne
@storytimewithanne 25 күн бұрын
Thank you for sharing this Gary.
@Kradgor
@Kradgor 23 күн бұрын
Loved your book, haven't got through one that fast in years. Looking forward to binging your youtube!
@mikecook8011
@mikecook8011 25 күн бұрын
Excellent commentary on inflation. Key take away: celebration of the passage of time....don't let them do it. Like it!!
@ianmartin6414
@ianmartin6414 25 күн бұрын
Gary, there's a great number of suscribers who believe in you, how on earth can we change inequality, something that has been going on forever?
@gordon1201
@gordon1201 25 күн бұрын
Don't look to one person to be your saviour. We need a societal change, and that only happens when everyone comes to the same understanding of the situation. So go and share these videos with your friends and family and coworkers. Talk about the issue and try to make people understand. Then maybe in a few years we'll get better independent candidates and we can vote for real change
@keycuz
@keycuz 25 күн бұрын
kzfaq.info/get/bejne/fL16hsejyMrcdn0.htmlsi=-tTQ7FerCAcvFofS
@beachcomber1able
@beachcomber1able 24 күн бұрын
Too the barricades!!!! 😂
@darrylbradshaw216
@darrylbradshaw216 24 күн бұрын
share this video
@dmike3507
@dmike3507 24 күн бұрын
The short answer is the workers need to own the means of production. It's the only way.
@user-th6mr4jk2u
@user-th6mr4jk2u 25 күн бұрын
Yet another excellent piece Gary Thank You.
@colinsneller6274
@colinsneller6274 25 күн бұрын
Another great video Gary! I love your clarity and your simplicity in putting your points across. Thanks a lot and keep up the good work.
@judepamment1106
@judepamment1106 25 күн бұрын
Love your work Gary and i will share with all who will listen ❤
@milinpatel8222
@milinpatel8222 25 күн бұрын
Thanks for the knowledge.
@corvus1238
@corvus1238 25 күн бұрын
Thanks Gary. Really useful information.
@CNCN123
@CNCN123 24 күн бұрын
Thank you for your insights it is very helpful! The same thing is happening where I live in Canada.
@JoyfulLiving
@JoyfulLiving 25 күн бұрын
I love your channel. Thank you Gary.
@michaelwalkling8851
@michaelwalkling8851 25 күн бұрын
Very enlightening Gary. Thank you.
@manflynil9751
@manflynil9751 24 күн бұрын
Thank you, Gary. Cheers from Australia.
@lukedogwalker
@lukedogwalker 25 күн бұрын
Economics will remain a political football and source of easy headlines because basic knowledge is not taught in schools. Most who do learn it do so in adulthood. Basic economic literacy should be on the core curriculum, but no government will ever mandate that. The rich possess this knowledge and use it against the rest.
@got2bharmony
@got2bharmony 25 күн бұрын
I agree, but most state school kids will ignore it because it will have to be taught in a non-political way and will therefore be dry, boring, and something many kids can't relate to. Economics is life, and Gary is so engaging because he joins up the dots for ordinary people and is an excellent communicator. Maybe Gary should visit schools and tell them why this is important for them.
@user-sj7ni5bq5z
@user-sj7ni5bq5z 23 күн бұрын
Knowledge is power
@anthonyrybicki1000
@anthonyrybicki1000 23 күн бұрын
Fat chance that you will get British school kids bothering with economics when many can't even read or write or do basic maths and couldn't care less Economics is the preserve of the middle class private schools and universities. Gary is unique in his study path and career.
@ramblerandy2397
@ramblerandy2397 25 күн бұрын
Some of these things are patently obvious to some, but I guess to others who don't realise they are being fed ultra biased/incomplete information, this information needs to be clearly pointed out. Well done Gary.
@jbo4714
@jbo4714 20 күн бұрын
Hey Gary, fed up Canadian here and I just found out about your channel a week ago. Amazing stuff! Thank you so much for sharing your insights!!
@theblondemasterpiece3079
@theblondemasterpiece3079 25 күн бұрын
cool vid and data thanks Gary
@Chingy8
@Chingy8 25 күн бұрын
Thank you Gary for explaining
@MarcusIrving-ke2mu
@MarcusIrving-ke2mu 22 күн бұрын
right on the button geez, on the BBC website today!
@guyjeffries7168
@guyjeffries7168 24 күн бұрын
Thnaks Gary. Excellent.
@finnianjames931
@finnianjames931 23 күн бұрын
Yes nice one Gary keep spreading the real situation you are doing a great job
@Glasstable2011
@Glasstable2011 21 күн бұрын
I’m here on the 22nd May and Gary is correct. Front page of BBC news website
@florenceang8698
@florenceang8698 25 күн бұрын
I am from Malaysia and I actually agree with Gary!
@burd246
@burd246 20 күн бұрын
now a regular follower and an avid listener and follower! Thank you Gary
@sifuwong6233
@sifuwong6233 22 күн бұрын
As always, excellent commentary by Gary. Thanks.
@TheYoungFilmmaker
@TheYoungFilmmaker 25 күн бұрын
Love your videos, thank you
@Himself2019
@Himself2019 25 күн бұрын
Another piece of the financial jigsaw puzzle unearthed Gary, thanks. Though it was based upon last month, last quarter and last year’s quarters. For me this is an important nugget of information. You’re correct concerning wealth distribution and need to go political with this because people collectively need to be led, they want to be led!
@markwilson4652
@markwilson4652 24 күн бұрын
Thank you for all your content, it makes so much sense.
@tech-wombat
@tech-wombat 25 күн бұрын
Interesting thoughts and conclusions. Has somewhat opened my eyes. Thanks!
@jaredleemease
@jaredleemease 25 күн бұрын
Thank you Gary. 🏜🕺🏻🐕🏖
@Misterpennymoney
@Misterpennymoney 25 күн бұрын
Good stuff Gazza. The only honest economist on KZfaq
@kat3400
@kat3400 22 күн бұрын
Saw it this morning on the news after your video, I haven’t laughed out loud like that in a while. I wish more people knew this information. Directed a lot of people to watch this video already this morning! Thanks for sharing your knowledge!
@camcolt3530
@camcolt3530 24 күн бұрын
Thank you Gary. I've learned so much from your videos and gained a vastly improved undrstanding of the ecconomic situations we are facing. I feel better prepared now for the future.
@KonarskiML
@KonarskiML 25 күн бұрын
Everyday is a learning day, thanks gary, i have read your book and found it insightful and phenomenally written, keep doing what youre doing, teach the world #GarysEconomics
@Cke33
@Cke33 24 күн бұрын
Gary, you are right. Keep putting it out there mate
@TheRosemary002
@TheRosemary002 24 күн бұрын
Thank you Gary,
@Alex-cw3rz
@Alex-cw3rz 25 күн бұрын
I agree in some ways Gary that it wasn't the government that caused the inflation, however the way it was dealt with was wrong, almost half of inflation came from increasing profits the rest from supply chains, but rather than doing windfall taxes, investing in our own capacity to take up the slack etc. The government did nothing and BofE raised interest rates, punishing the people who had nothing to do with inflation and were suffering most from it. Doing noting to inflation, as this inflation was not caused by people spending too much in the economy because they were flush with cash. They also said people shouldn't take pay raises even though that was not a driver of inflation and the highest increase in wages was followed by a decrease in inflation. I agree leaving the country is not the answer and no country from my knowledge did the economically literate thing.
@jeremyanderson8433
@jeremyanderson8433 25 күн бұрын
Good stuff man.
@petercoekin5419
@petercoekin5419 18 күн бұрын
Great to see some graphs Gary they make your message clearer 😊
@betterfinances-UK
@betterfinances-UK 25 күн бұрын
Thank you Gary
@haroldgarner7140
@haroldgarner7140 21 күн бұрын
Wednesday here and guess what, inflation dropped and its in the news
@oldwaitekauri
@oldwaitekauri 25 күн бұрын
Here in NZ we have a new National (Tory) govt about to introduce their first budget. Top of the list is tax cuts - and they are culling large numbers of government employees and infrastructure projects to partly fund it. Same old... House prices are 11 times the average National income. Doctors had a strike last week, nurses a few weeks back. The new PM is an ex CEO who thinks he can run the country like a corporation.
@peterwait641
@peterwait641 25 күн бұрын
CEO's are only interested in profit to expand their wealth hence percentage pay rises expanding gap year on year.
@deputyvanhalen6386
@deputyvanhalen6386 23 күн бұрын
Watch his old company and companies he dealt with get rewarded by the government.
@user-sj7ni5bq5z
@user-sj7ni5bq5z 23 күн бұрын
The situation in NZ is alarming
@alexanderstefanov6474
@alexanderstefanov6474 17 күн бұрын
The problem is adern didn't do anything to change the situation, not really a social democratic government. The same will happen with kid Starver, people will expect left wing measures and we'll get the same neoliberal nonsense
@peterwait641
@peterwait641 17 күн бұрын
Cutting Government jobs only helps the rich, Government wages are all spent in the economy and produce tax revenue . when it goes to the rich they buy assets like houses and increase house prices and money is not taxed . This increases gap between rich and poor, same happens with outsourcing and privatization !
@bruthurnature
@bruthurnature 24 күн бұрын
Great video Gary! Love the idea of you sharing news before the news to help us see through the veil of what media companies profess. Keep up the great work! Also Big up the 'Gary's Economics' Community for putting in the work and sharing it with the people around you. There's big shifts happening on the planet and change is afoot.
@Francesca-yu5cy
@Francesca-yu5cy 25 күн бұрын
Thank you!
@robbie609
@robbie609 25 күн бұрын
Another Sunday video lovely , with a beer and popcorn in the garden
@robinmoore3649
@robinmoore3649 25 күн бұрын
Careful Gary. If the same bad things happened in every country, because the respective governments all did the same thing; they are absolutely responsible. Even if it was caused by others such as the super rich etc, you don't get to be in charge of entire countries and not take responsibility for not enacting policies that protect the people.
@jonmoore176
@jonmoore176 25 күн бұрын
Point taken but that is why he advocates for wealth taxes, which not many governments do to the extent needed.
@easytoassemble54321
@easytoassemble54321 25 күн бұрын
I'd say it's because virtually every government dances to the tune of those who hold wealth.
@Notme3098
@Notme3098 24 күн бұрын
Thumbs up from the Netherlands!
@lightcardsatlisas3932
@lightcardsatlisas3932 25 күн бұрын
Nice one Gary 🙏
@naveenbhalla4557
@naveenbhalla4557 25 күн бұрын
RE: Sunak and the black eye analogy: to be fair, he does need to ensure he doesn't punch you in the face again!
@Chrisrides
@Chrisrides 25 күн бұрын
Morning Gary. What UK party would you say gets us going in the right direction? Love what your trying to do. Please please keep it up. I will be shearing this with friends and family.
@paulwhalley6789
@paulwhalley6789 25 күн бұрын
Listen to the last 90 seconds
@CarlosdeFrance
@CarlosdeFrance 24 күн бұрын
Great video as usual, thanks
@reggievarn8259
@reggievarn8259 22 күн бұрын
Just read your book- couldn’t put it down - compelling. Thanks for keeping it real 👌
@MikeStillUK
@MikeStillUK 25 күн бұрын
Does anyone know what happened in 1971?
@maria8809ttt
@maria8809ttt 25 күн бұрын
Was it the collapse of the Bretton Woods System?
@VictorKibalchich
@VictorKibalchich 25 күн бұрын
I was born!
@cki0
@cki0 23 күн бұрын
On Aug 15 1971 Richard Nixon departed from the Bretton Woods agreement and “temporarily suspended the convertibility of US dollars into gold”. USD’s value began to decline. Western Central Banks were instructed to print more money to stabilise USD. In late 1973 Henry Kissinger struck a deal with Saudi Arabia to only sell oil in USD. This created demand for the USD, in particular Japan and Germany who were leading industrial powers, therefore needed to purchase oil in large quantities.
@VictorKibalchich
@VictorKibalchich 22 күн бұрын
@@cki0 the UK left the gold standard in 1931
@adsdft585
@adsdft585 21 күн бұрын
​@@cki0Yes, a very important factor. When gold was used it did not favour a currency . The deal for you refer to reflects Brics aims in general.
@Chingy8
@Chingy8 21 күн бұрын
Gary you was right! But you didn’t mention that a general election would be called!
@Mikemiller997
@Mikemiller997 20 күн бұрын
And he nailed it. keep nailing it!
@dras1959
@dras1959 22 күн бұрын
Thank you for explaining things in a way I can understand.
@Bloatyboy
@Bloatyboy 25 күн бұрын
I'd love to see some collaboration between you and Richard Murphy. I find his videos explaining how wealth is transferred from nations and it's peoples into the hand of global private enterprise really complement your videos explaining how this wealth transfer impacts economies more generally.
@markoliver7402
@markoliver7402 25 күн бұрын
Great video Gary. Lower inflation will allow BOE to lower interest rates (although they only appear to follow the Fed and whatever they do). Lower interest rates will help the public at the start but this will lead to significant Asset price increases (as Gary has said before). We need the political change of taxing the rich, but while we fight for that I assume the Trade will be to go long on Assets. This is not just my opinion, this is my position.
@iborass
@iborass 25 күн бұрын
Gary, thanks for the Trading economics chart! Very useful and all in one place.
@budgetpeeps
@budgetpeeps 20 күн бұрын
Thank you, Gary 🤗
@paulmessenger9836
@paulmessenger9836 25 күн бұрын
Hi from Adelaide SA
@tobytilsed5333
@tobytilsed5333 20 күн бұрын
9:28 my man went to say "not a function of..." then rephrased it so that people didn't switch off or get lost Committed to communicating truth to as many ordinary people as possible. No need to flash his intelligence. Fucking King
@alinawolanski6387
@alinawolanski6387 24 күн бұрын
Brilliant analysis. Thanks from Canada
@pedrofussell5402
@pedrofussell5402 25 күн бұрын
Thanks Gary, sometimes you just need to hear it said out loud. MP’s are a waste of space.
@ron1786
@ron1786 25 күн бұрын
started of not diggin your vids and thought you were a woke lefty but vid on vid the penny is dropping and Im with you. Thank you for the content.
@paulcasey6914
@paulcasey6914 16 күн бұрын
Thanks Gary👍
@Mondballer_00
@Mondballer_00 25 күн бұрын
*Hi Gary, Question:* 10:30 Why isn’t part of the problem the lack of housing policies in the respective cities/countries? There’s lots of mechanisms taking place so that people cannot afford a place to live anymore, e.g.: no construction, developers/rich people buying up land/properties rather to speculate than put people in there. If policies didn’t allow these massive speculation schemes or at least severely restricted them and made sure enough affordable housing would be built, people would very quickly be far better off, even before new national tax systems get introduced. Would love if you could iterate, or someone else in the community lost a few words regarding the topic below this comment 🙌🏼
@elwynjones763
@elwynjones763 25 күн бұрын
Bang on Gary! No political bias in your campaign to reduce inequality through taxing wealth more and work less..
@basilbean4428
@basilbean4428 19 күн бұрын
I discovered you about 2 months ago and now i'm obsessed - I'm telling everyone about you and just trying to spread the word - you actually blow my mind with a lot of the things you say and this is just a prime example - why doesn't the media explain it like this it genuinely upsets me how the so called honorable MPs are so dishonorable and deceitful - I'm not very smart but I've somehow managed to do OK but you're making me understand a reality I guess subconsciously knew existed but you're definitely helping me to see it clearer thank you keep up the great work
@charliecouzins7652
@charliecouzins7652 21 күн бұрын
Man this prediction hits even hard with the general election being called on the day that annual inflation has "decreased" with Mr Sunaka taking all of the credit 😂
@CillBill94
@CillBill94 23 күн бұрын
Gary your videos are fantastic
@CatInTheHatSwing
@CatInTheHatSwing 25 күн бұрын
really great and very important teachings, thank you
@LeviRobinson270
@LeviRobinson270 24 күн бұрын
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
@OliveLeee
@OliveLeee 24 күн бұрын
​@VilleHeikkinen549You are right.
@OliveLeee
@OliveLeee 24 күн бұрын
But I don't know why people remain poor due to ignorance
@Apex81991
@Apex81991 24 күн бұрын
Is there anywhere I can get across to this woman for a startup?
@Apex81991
@Apex81991 24 күн бұрын
I really appreciate it
@Wine552
@Wine552 24 күн бұрын
Is not about watching videos and wasting your time on strategies, I was ignorant of doing so...not on till I gave Grayson Amelia a try and ever since then she has changed my story for the better.
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