Just a warning there is swearing in this video. It may not be suitable to watch around children.
@nickedwards67486 ай бұрын
Interesting so far although video would be half a hour without the f bombs
@rossmacintosh56526 ай бұрын
I guess I was really engaged in the discussion. I didn't notice any swearing.
@thesargs6 ай бұрын
The swearing makes it good
@jakebest56016 ай бұрын
Swearing shows how passionate Gary is about this subject
@Abdul_Rahman866 ай бұрын
Swearing and bluntness is an effective way to get a point across. Better than a patronising politician who uses fancy jargon. Business is blunt
@FudgeMonkeySmurf6 ай бұрын
I'm 50 and have worked all my life up to what I used to think is now a decent salary and I entirely agree that I have more in common with the man/woman on minimum wage because that's where I was 35 years ago and I'm still struggling albeit less so but paying 50% tax. It has taken me this long to become enlightened about what wealth truly means and I am so glad that the internet exists, KZfaq exists and this type of content is available now to the masses. The only way change will happen is through education and spreading that knowledge in an understandable manner to the many. This is what you are doing and I commend you all for doing it. Keep up the good work. 👍
@lagringa75186 ай бұрын
They've been trying to make the middle class disappear and the poor poorer since the Thatcher/Reagan Neoliberals took over everything, they've increased their wealth by 40%+ and everyone else lost 40% of spending power. Speaking of education, that was also a strategic agenda on their part.... to make each consecutive generation dumber... they don't want them to know how to think critically, how money works, how to be an entrepreneur, how the rich (and those private Mafia Central Banks) steal from you or what your Rights USED to be or what is TRUE which is why the media endlessly lies to you. Just keep your noses in those cell phone social media inanities, bolster narcissism based on nothing, destroy local businesses by buying on Amazon and remain passive, confused, distracted and fearful. I'm 75 and have watched this plague upon humanity for the last 55 years, the consolidation into monopolies of everything that used to be local, family run and created solid, compassionate communities. They can't have that you see... not when they want to control everything ie; EVERYONE on planet Earth: food, water, oil, land, air, minerals etc. and YOU. This is the Great Reset that NO ONE volunteered for. 😡
@MRW5156 ай бұрын
That's the fault of our education system, I am a little older than you but in my late 40s I began to study how the wealthy got wealthy and it is about buying assets and keeping them in a limited company. Tax is paid on profit, so the trick is to not make profit but have cash flow. Look up cash flow quadrant and the Prussian education model.
@hannah600006 ай бұрын
Somewhat, if you’re paying 50% taxes, you can’t truly relate to being on a true minimum wage (even if you were once on a minimum wage). However, it’s important to empathise. Money comes and goes, so it’s definitely important to be grounded and appreciate when we have it and remember those who aren’t as fortunate (because for many it could be us). Peace!
@henghistbluetooth78826 ай бұрын
@@hannah60000This is one of the fallacies they use to divide us. Why can’t he relate? I am 51 - I earn £200k a year (now). My secondary school closed down in 1988 from lack of funding - there was a riot with what we used to call ‘paddy wagons’ - police vans - that broke up a riot and kids throwing rocks threw third floor windows ( a nice racial slur there from the 1980s). I grew up in an area of east of Birmingham where brain donors from the NF and BNP used to roam around and just smash anything they could. Despite this I worked hard to get A levels and then Uni paid for by taxes from my mum and dad and every mum and dad in the UK. Then I worked to become an expert in one very specific area of IT which required ten+ years of 80 hour weeks. Finally I’m fairly comfortable and I still beat myself up over financial decisions I didn’t take because it was before KZfaq and my mum and dad - both teachers - knew nothing about money (they were mis-sold an endowment mortgage). My son is diagnose autistic and I have spin 5 years battling with arrogant and dismissive primary schools that didn’t want to deal with a ‘difficult’ circumstance. This led me to suicidal thoughts and a year and a half of therapy. I do get tired of being the guy who has it easy because right here, and right now, at this specific point in my life I earn more than some other person and so therefore can’t ever relate. It’s so black and white and utterly dismissive of an individuals’ journey and circumstances.
@steveinstamford6 ай бұрын
I think he's referring to all the other taxes we pay which equates to 50% not necessarily from his pay
@montyloads6 ай бұрын
My parents emigrated here in the 70s... dad worked in warehouses, mum largely raised kids for 10 years before also working in retail or warehouse jobs.. they divorced when i was 13. Mum was left with 3 kids (youngest 13) and around 20 years of mortage on a 3 bed house on the borders of kent and south east london left to pay.. she now owns that house through working in warehouse jobs 9-5 mon-fri. The point of me saying this is in today society she would have absolutely no chance. I love that gary points out how hard thimgs are in todays society and shines a light on how it cam effect mental health of individuals and they should not feel so bad about what theyve acheived and where they curremtly are financially. Hes gained alot of respect from me 👏
@tituscrow49516 ай бұрын
100% today she’d pay so much in rent she would probably never get a mortgage… Food electric & everything else is far more expensive. Your gran would have died poor on a crap pension probably going cold & struggling in the winters.
@GlasPthalocyanine6 ай бұрын
Absolutely right. I bought my first house as a single parent. Most people had that chance if they had fairly regular work. The hard thing now is how people are pressured to believe that they are to blame for this mess. The Government did this! The Government made choices according to their warped priorities and voters should be pressuring for different choices.
@goych6 ай бұрын
@@GlasPthalocyanineas Gary says we’ve all been brought up to believe that this is all we’re capable of! I say no!
@GlasPthalocyanine6 ай бұрын
@@goych I think the point is that the whole business of being able to afford to eat and keep a roof over our heads takes up all your time and brainpower. That's deliberate. It's too difficult for enough people to get off the conveyor belt and look at the bigger picture. It's not that people are stupid. They're exhausted.
@goych6 ай бұрын
@@GlasPthalocyanine and traumatised yes I agree, bigger picture stuff is a privilege few can afford. That’s why we have teachings from those who can see it. For whatever reason Gary has been given an amazing financial leg up despite being from a poor background. I love that he’s using it to try to help rather than hinder
@scottc123fish6 ай бұрын
The best Gary Stevenson interview ever. This needs to go global.....
@davidpowellseattle2 ай бұрын
It is....
@adamcarter29792 ай бұрын
F’ing right it has
@patricksachs3655Ай бұрын
He's a laughable ignoramus. If he ever achieved any level of notoriety, he'll be smacked down by people who actually understand economics once he appears on their radar.
@tituscrow49516 ай бұрын
We’ve been supporting Gary for almost 2 years now. As soon as I heard him talk I knew he got it. And he does get it. But this should not be a lot of comfort if you hear what he is predicting. If you live in the U.K. you already feel it. The wealth is only going one way. Gary tells you why. How much, & how much worse it will get. & you better listen like it’s your own dear mother whispering to you. Because unless you’re already rich you are getting shafted from here on in. Your families assets will eventually get bought out & rented back to you at prices that don’t leave you a pot to piss in. Your jobs wage will never go up further than that rent increase or price of food & utilities. All assets in some rich people’s portfolio. Just like your debt for education.
@jacquiollard87846 ай бұрын
multi generational family homes - dont put grandma in a home
@paulbrown58396 ай бұрын
Is this the worst case scenario that might eventually happen? What is the most likely scenario and over what time frame? Lets be specific and useful and give people the most likely prediction for the end of this decade, all things being equal. Lot of people talking in averages and anecdotally. People who know about stats should be talking in probabilities.
@Google_Does_Evil_Now6 ай бұрын
@@paulbrown5839have you watched any of Gary's videos where he explains what's happening, money, wealth, the wealth transfer from us to the super rich through assets etc? All your bills are you sending money to the super rich because they own the high street, the water, rail, electricity, food distribution, farm land, internet, every thing you pay for. They own your mortgage or your place if you're renting. And they are over charging on every thing, while also putting us on zero hours contracts, lobbying for wages rises to be below inflation so that you become ever poorer and work longer for less, so that they can take more and more from us. Stop the steal. Stop them.
@davidwestwater22196 ай бұрын
I am having a small apartment building in boston Massachusetts. I had to sell it. And I walked away with a million dollars and some. I'll be fine but I was driven out. I think this gentleman is very right about what's going on. But here in America we're having a commercial property crisis. And I think banks may go Under.
@sak0796 ай бұрын
What predictions has he made that were right? He claims all his predictions-where are they? He is saying inequality will continue and is bad. That's stating the obvious.
@sedgieroobets6 ай бұрын
The Oxford economists were 'so bad they didn't even know they were bad' 😂😂
@danielbtwd6 ай бұрын
Dunning Krueger effect.
@briskyoungploughboy6 ай бұрын
Neoclassical (the mainstream) economics is basically an 'official state religion'. It doesn't need to be a representation of reality, it just needs to serve the interests of those who employ economists i.e. banks and other financial institutions. To go against the mainstream is career-death, regardless of the correctness of one's analysis.
@darrylbrookes27806 ай бұрын
@@danielbtwd whos she ?
@sichambers90116 ай бұрын
Rich pricks don't even need to be good.
@OhAwe6 ай бұрын
@@danielbtwd Not really. Sort of. They really are high level economists, it's just the whole field is bullshit. It's kind of analogous to having a PhD in magic or something.
@Msuprewicz6 ай бұрын
Played the Oboe at the Royal Albert Hall 🤣that killed me!
@Patrick-jj5nh6 ай бұрын
Really is shit like that... or member of the UN youth council...
@rajjai6 ай бұрын
I love this guy’s full circle journey, from poverty to ‘cracking the code’ of wealth, to then returning to his roots and using his experience/ knowledge to support the ordinary society he came from
@cal97845 ай бұрын
He's running a business. If he wanted to help and was genuinely so spectacular at trading that he'll always be in demand for 7 figure jobs, he could just take one for a few more years and breeze through it with his unfathomable foresight and genius. Could have quietly funded community projects in Ilford for the rest of his life but instead chooses to eschew the millions being chucked at him in favour of being a KZfaqr. Aye right.
@nonefvnfvnjnjnjevjenjvonej33844 ай бұрын
@@cal9784 nice to see he is already being attacked by the right. which means his message is working!
@James_363 ай бұрын
@@cal9784 he is a total grifter, noticing there are millions of gullible young desperate fools on YT waiting to be suckered in
@jintz23 ай бұрын
He’s an excellent grifter; peddling communism while being a hardcore capitalist himself!
@Jay-xr3sb2 ай бұрын
@@jintz2at the heart of the GFC
@grahammarsh4406 ай бұрын
I wasn’t aware of Gary until this video, fantastic human being! Great video, guys
@jakebest56016 ай бұрын
Damien, Ramin and Gary are my 3 top finance/economy KZfaqrs in the UK. This link up has made my evening!
@_Andy_A6 ай бұрын
Same here. I think a Gary Ramin crossover would be pretty entertaining.
@RebeccaGorinАй бұрын
HOW TO GET RICH
@RebeccaGorinАй бұрын
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.
@RebeccaGorinАй бұрын
I had decisions that grew my finances (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Living the dream, hoping to retire next year..
@RebeccaGorinАй бұрын
Get to her, if you care.. ELlZABETH GREEN HUNTS..
@RebeccaGorinАй бұрын
Whosoever tries this sureIy acquires wealth. Get to her.. ELlZABETH GREEN HUNTS..
@timmat80299 күн бұрын
Gary himself says: - have a rich dad. If you don't, then you're not going to get rich - if you don't have a rich dad, you could try to get into trading but it's too risky for most punters - organise with others to change the system for wealth redistribution
@manflynil97516 ай бұрын
I'm a New Zealander watching this from Penang.ive been watching Gary since I saw him on Novara Media. He's a hero of the people for speaking up. I hope people share his message far and wide because it needs to be heard.
@zidermakesispooky6 ай бұрын
Hit the nail on the head, the media machine will never let a wealth tax happen and that is the biggest threat to prosperity for most people.
@James_366 ай бұрын
what? what you think a wealth tax will do? how much money would it bring into the GOVERNMENT to waste on something dumb? ill be waiting
@keithcommins6 ай бұрын
No, a wealth tax will never happen because its unworkable, anyone who has any money will put their money in places that greedy socialists like you cant get at it. How much money will such a tax raise? Oh wait - probably not enough to make any appreciable difference. Instead of trying to take more of people's money, would you not think it's a better idea to maybe ask governments to be a bit more prudent in how they spend what money they do get? That never occurs to you, does it.
@hilarygibson31506 ай бұрын
I'm never sure where wealth starts. I've got about a million between pension and cash, so I'm certainly wealthy. My house is very average in a poor northern town and I drive a second hand van. To get my wealth, such as it is, I didn't inherit from my parents nor win on the lottery. I worked on average 75 hours a week, 16 weeks holiday in 37 years. Started a business at 26 with my house on the line. I was in haulage, I worked hard, 24+ hour shifts, outside in all weathers. I do think how you earned your money needs to be taken into account. Before anyone squeaks, I was the highest paying employer in my little sector and drivers never left, so I thi k I was a hood employer
@silvafox77196 ай бұрын
@@James_36 Bring in a land tax to stop the wealthy sitting on a valuable asset for profit. Tax their assets, they can't hide them. a 1% tax on those with over £10M would raise £80 billion for the economy. That's not small change. As every one of the 164 billionaires in the UK made around£720M each since Covid it won;t break the bank for them to pay more.
@silvafox77196 ай бұрын
@@hilarygibson3150 You aren't the problem. It's those with say more than £5M in assets. The super wealthy, who don't pay income tax as they don't work. They live from their wealth! Compund interest makes them richer every morning!
@markwildphotography6 ай бұрын
I’ve watched and listened to Gary for a few years now on his channel (that’s how I got here) Don’t you just love his confidence? It’s not aggressive he just spits straight up facts, an impressive guy indeed and I hope his one man crusade to stop us all ending up even worse of than we are now, doesn’t fall on deaf ears.
@James_363 ай бұрын
what facts? this grifter has spouted nothing but total nonsense
@markwildphotography3 ай бұрын
@@James_36 Read his book.
@LJ-MMA2 ай бұрын
@@James_36elaborate...
@beatonthedonis6 ай бұрын
My parents did manual jobs, and in 1980 bought a house in London for 5-6x annual average salary, new VW, and my mother stayed at home for 7 years to raise the kids. We went on a foreign holiday every other year.
@monkeyseemonkeydo4326 ай бұрын
Yeah …AND?…Are you trying to show off?… just because my parent doesn’t work at all, we are barely stable living from squat to squat..avoids paying fares on the bus..and only get to look at other people on holiday in photos in a magazine Doesn’t mean you’re any better than us you know!!! Although I do hate my self/life …so maybe you’re right
@tombojumbo6 ай бұрын
@@monkeyseemonkeydo432 I think the point was that they could afford all that on a manual labor salary. Now that would be completely impossible.
@monkeyseemonkeydo4326 ай бұрын
@@tombojumbo lol…I know…I was actually joking
@jamesgeorge89156 ай бұрын
@@monkeyseemonkeydo432don't give up your day job mate. Lol
@monkeyseemonkeydo4326 ай бұрын
@@jamesgeorge8915 lol …I wish I could…cant afford to..working day and night
@ss12speed6 ай бұрын
For all that find Gary a bit harsh and over confident.......he has tested this theories in the premier League of finance and is a winner.....plus if you are of a certain age you will know lies are very comforting and easy on the ears.......the truth on the other hand is heard through gritted teeth and is uncomfortable.........don't shoot the Messenger. This podcast just gets better and better
@DeputyChiefWhip6 ай бұрын
Understood, I follow Gary and have done Since he started his channel, but unfortunately the reality is, people in general don't appreciate f-bombing and constantly saying "I'm the best trader". His messages are amazing, I'm with him ALL THE WAY, but in this case, he hasn't done himself any favours because of the amount of swearing. I'm hoping there will be clips made of the real profound parts where there's less profanity that can be beeped out.
@joshgolo6 ай бұрын
I agree, raw emotion and truth ain't polite. He isn't a politician he's a real man with a real passion and concern.
@8G00SE86 ай бұрын
@@DeputyChiefWhip Yea I agree, I feel he should put more pictures and stuff online about his time as a trader, he basically spawned in around 2017 simply saying we should believe him.
@James_366 ай бұрын
is there any evidence this guy worked in trading? he sounds like he would not get through the front door of one of these places let alone hired. He talks urban trash speak for a start
@jordy466826 ай бұрын
@@James_36 They only evidence is him saying he did... Check his Wikipedia. All sources are self referenced in interviews/articles and nothings appears from before 2020... For "the world's best trader", I would have expected to find several FT articles from 2008 onwards...
@banksarenotyourfriends6 ай бұрын
I think you should get Gary back on another time - but with Sasha Yanshin alongside him so we can see who is the angrier man :)
@rjScubaSki6 ай бұрын
Sasha would kowtow within 30 seconds
@Patrick-jj5nh6 ай бұрын
If you live in this economy and you are not angry, you are not paying attention.
@hilaryporter78416 ай бұрын
That is a brilliant idea.
@tinachristine45736 ай бұрын
Do you know the meaning of anger? He's simply passionate about his message but not angry at all
@paulcoates38606 ай бұрын
I is Like angry, No it's a club n were all not in it..
@najdr6 ай бұрын
Wishing you all the best on your endeavour to enlighten the world. We’re moving ever closer to economic slavery but are totally oblivious. We need to support good folk like Gary.
@andrewnoone90166 ай бұрын
Absolutely amazing - this should be played in every school & college, to expose the truth to the younger generations. Brilliant content as always
@oskarkozak12786 ай бұрын
You know what, I don't know if this is the algo feeding me more of my echo chamber or what but I see more and more of this or this type of messages coming from more and more sides over the recent year. I don't know if I'm supposed to be terrified of what's coming or excited of the fact that people are finally waking up while also being more fed up which results in a very dangerous mixture for the ones that will end up on the receiving ends of millions of pitchforks. We desperately need more of those conversations, EVERYWHERE, you know I mean?
@johnrhodes33506 ай бұрын
Algorithm
@goych6 ай бұрын
Yes we do, we all have learnt to be scared of money and scared to question the system and as Gary so poiyantly pointed out we tend to blame ourselves!
@Abdul_Rahman866 ай бұрын
I agree with how poverty is contagious. There are always exceptions, but broke and low income families end up working in the NHS or enlist in low ranks of the Army where the cycle of poverty continues. And rich families end up in finance and banking.
@nowisgodinyourlovelylife7176 ай бұрын
Things are changing unfortunately because inequality is getting bigger, there're lot's of low minimum wage jobs that are not and won't coop with the inflation rate year after year and low growth predictions due to low wages and higher cost of living overall
@Al_Does_Stuff5 ай бұрын
At least with the army and NHS you will get a decent pension. Now we're ending up with people heading into later middle age still working the kind of service jobs that traditionally done at minimum wage by the younger generation. I would not discount the increasing age of the population on the influence of how unequal things will get.
@Abdul_Rahman864 ай бұрын
@@Al_Does_Stuff in the army maybe. In the NHS no! You retire at 65. Right now I’ll retire at 57.
@Al_Does_Stuff4 ай бұрын
@@Abdul_Rahman86 still a better likely income than from working service industry (outside management) your whole life. I believe both those pensions are inflation linked and defined benefit. Getting to retirement might be another matter ofc
@arindamchatto416 ай бұрын
Gary is the legend. We need to support him achieve his goals or we are doomed.
@cinema1046 ай бұрын
It is bad in the USA and getting worse by the day. No one is talking about it like you. Great discussion. I hope it spreads around the world. Spot on, from America.
@edc15696 ай бұрын
Us economy is doing a lot better than the UKs
@shanon723274 ай бұрын
Peter Joseph discusses this issue too. He has directed a few documentaries about it.
@ThePalsta6 ай бұрын
If Gary started a swear jar he could solve the UK poverty crisis in a couple of afternoons.
@user-sh1qm3ux8g6 ай бұрын
😂 lol 😅😂
@k.avilla80616 ай бұрын
Right. Gary has just broken the record for the number of times you can say 'F**K' in an hour. Unbelievable.
@alex_the_balding_fat_man6 ай бұрын
I'm a potty mouth, and he impressed me 😂🤣😂🤣
@metalhead25506 ай бұрын
Ha, you can always tell when he's off script and passionate about what he's talking on
@funkytechnic-zx1zg4 ай бұрын
😂😂😂
@adrianellis24336 ай бұрын
Probably one of the best things I’ve listened to in a long time. Never listened to Gary before (now subscribed to his channel) We are heading for another Guilded Age and it’s accelerating faster year on year. Keep up the Great work
@Whayles6 ай бұрын
I really like Gary, but what he says and talks about makes me so angry, to the point I don’t watch his videos much, because he’s right.
@pasqualeperri56614 ай бұрын
Financialised economy and financialising of housing
@redv04726 ай бұрын
I watched this whole thing, feeling much more educated and aware, thanks all👏👏👏👏👏
@imbarmstrong6 ай бұрын
Oh wow, you've got Gary! I'm seriously going to enjoy this one!!! Nice one guys.
@benedict-49656 ай бұрын
same I did the whole 70 minutes easy
@Boingyuk6 ай бұрын
One of the most important finance videos I’ve seen (and I’ve watched a lot). Nice work guys. Gary’s message needs broadcasting to absolutely everyone. 👍
@peterr.76416 ай бұрын
This guy is amazing. We need more of Gary in this world.
@ianwhittaker30416 ай бұрын
I love Gary, he tells it how it is! You just need to listen and read between the lines and swearing and we'll learn a lot 🙂
@Roog11116 ай бұрын
I follow Gary’s channel and this is one of the best interviews ever. It is so clear that we need to build the follower numbers to a proportion that is representative of the ordinary people. The press are no longer representative of us and I think they need to be boycotted, in favour of new channels like this one and Gary’s Economics.
@dp32186 ай бұрын
This should be a compulsory listen for the entire nation
@davidwatsonpodcast6 ай бұрын
They should teach this at schools.
@mattyn8706 ай бұрын
Share the shit out of it
@gemma8611Ай бұрын
But why? We don't do anything about it.
@davec39746 ай бұрын
"I'm right when I make predicitions." Anyone who makes such a bold statement in the field of economics cannot be trusted.
@davec39746 ай бұрын
I recall reading that Renaissance Technologies, the most successful hedge fund ever, is on the right side of a trade somewhere between 50-51% of the time.
@vulgartrendkill6 ай бұрын
It's not hard. The current lot are either absolutely clueless, or worse tanking the economy on purpose.
@benedict-49656 ай бұрын
economics isn't trading. This guy isn't giving financial advice, his makes economic predications
@jakebest56016 ай бұрын
Gary’s made millions off of questioning the shortsighted predictions of others. Economics is a field built on models with “exogenous” factors. The very fact that a factor can be exogenous and ‘outside the model’ makes economics a pretty useless subject for making predictions
@jordy466826 ай бұрын
Then in the next sentence told a story about how he lost 8 million in a day... 😅 #predictions
@blueslsd6 ай бұрын
Superb interview with Gary He's really pissing off the wealthy!!!!!
@kenrehill87753 ай бұрын
They’re not listening to him, they don’t watch KZfaq and sadly he has no power.
@hilaryporter78416 ай бұрын
That was brilliant. We all need to get politically active because we are chasing a runaway train driven by the super rich (over 10 million pounds of assets worth) downhill and it's speed is accelerating. We all know in our hearts how this will end for all of us.
@chumabanjwa46626 ай бұрын
Gary is a breath of fresh air in this God foresaken world! He dropped so many gems in this interview.
@phililsley74086 ай бұрын
Been watching Gary for a few weeks now. His points are very true and over time he will be proved correct. Damo amazing interview as usual. Really well done.👌👍👏
@Oldmanpeace6 ай бұрын
Always have time to listen to Garry. Never have a problem with swearing when it comes from the passion to help people.
@Kazi28126 ай бұрын
To this day I'm still waiting for the sub count to go up, the quality on this channel far exceeds current numbers. Keep going both.
@colinherr80116 ай бұрын
Great episode! Watching from the US. This message needs to be heard globally and we need to work together across country boundaries to push for greater equality and tax the rich. Im sure we can all learn from one another once we realize the global rich don’t live within country boundaries and we shouldn’t either from an intellectual and idea generation perspective.
@keithcommins6 ай бұрын
Oh look, another "tax the rich" socialist. Tell me - how exactly do you plan on "taxing the rich" when The Rich can put their money in places greedy socialists like you cant get to? Why would anyone with money want to invest in a country that wants to take their money off them? Answer is - they wouldn't,. I suggest you watch a channel named Nomad Capitalist, it should give an idea about how those with cash think, do you think they will sit idly by while people like you come for their money?
@easytoassemble543216 ай бұрын
Great seeing you get Gary on the channel. It doesn't take an economist to understand that wealth redistribution isn't "communizm", but an entirely prudent decision that would stimulate the economy for the betterment of most people. If you're a middling high-earner simping for the superrich because "they know how to be successful", you're literally a turkey voting for Christmas. Once they've chewed up and spat out the poor, they'll simply come for your wealth next.
@James_366 ай бұрын
wealth distribution is exactly out of a communist playbook, who is anyone to advocate theft? do you realise also it would do ZERO good to anyone? you do actually realise that do you? basic maths ruin this guys whole premise. How much money would a wealth tax bring in? peanuts. The entire wealth of the richest people in the UK gives people around 3k for one time only.... 3k... want to change your view now? 3k which still does sweet FA to your life as that would be gone within a month and there is less business, less jobs but that is okay, those super rich people are no longer rich. Woken up yet?
@keithcommins6 ай бұрын
Would it "stimulate the economy", based upon what? *If you're a middling high-earner simping for the superrich because "they know how to be successful* Eh, they do know how to be "successful", you jackass, they's why they are rich. People "simp" for the super rich out of principle - because they dislike the idea of government stealing from them to then take that money and waste it on absolute nonsense. I dont care if someone is a billionaire, a millionaire or just worth a few hundred k's, the idea of government taking my money (only to then waste) annoys me. Its funny it never occurs to you people to maybe hold government more accountable in how they spend OUR money. Nah, why do that when we can just take from endless money tree of The Rich and take money from them! Oh but don't worry - I'm sure they wont mind (and Im sure they wont take any measures to move it elsewhere, naaah!) Im Irish - our government last year gave 7billion euros to woke NGOs who do nothing but spread leftist propaganda, 3 billion housing fake "asylum seekers" and blew $45 billion on a flu 2020-2022 (which didn't even see ONE extra ICU bed added). Why should I tolerate or celebrate that? Is that what you mean when you say "wealth distribution is an entirely prudent decision that would stimulate the economy for the betterment of most people?" How exactly does that work? And the same thing is happening in the UK. *Once they've chewed up and spat out the poor, they'll simply come for your wealth next* Who is coming for my wealth next, and how? Typical socialist drivel. The only people "coming for my wealth" are greedy socialists like you, no one else.
@redskyatnight1236 ай бұрын
The useful idiots
@mattsennett6 ай бұрын
A great video with a great guest 👍🏻 I have watched Gary's channel for a few years now and even though I know his story in detail I will still buy the book in order to help support the cause. Everything he has to say becomes more and more obvious with each passing year and it's time it changed. Look at your kids and think seriously about how they will fund life as a homeowner, maybe have kids one day, live to a half decent standard and retire one day too!!
@fintamaria24295 ай бұрын
We are already in the situation where we workers, who live on the minimum on the economy, are dying of hunger, our children are sleeping in the cold, our children are waiting on endless lists at the hospital, our children are eating once a day... The children of the Rich have private hospitals, the children of the Rich have schools private, and live a life of luxury on the backs of the poor, this is the world that the Rich have created.... Their lives of luxury on the suffering of us low-wage earners😢😢😢
@timq84706 ай бұрын
This should be taught in schools. Along with the importance of unions and cooperatives. Those with the best pensions and working conditions are usually in unions. How about making a law which makes joining a union compulsory, rather like the introduction of pensions a few years back.
@garybradley21716 ай бұрын
Thanks to you both for all the understanding and experience you share.
@wiggy10666 ай бұрын
i would like Gary to be our MP regarding finance. Gary is a warrior. thank you Gary.
@reavenous46266 ай бұрын
Gary speaks so much sense it's unreal, his book is gonna slap
@JackSmith-os8nm6 ай бұрын
This is quite a shocking conversation when you think about it. The situation is grave.
@pedroluzio62506 ай бұрын
Gary has got a good heart, and you can tell he wants to do good for the future of the country. Never imagined when emigrated to England 11y ago, that you could have in 2024 a cue of hundreds of people trying to get access to dental care (this week in Bristol), or 12h waits to be seen in ED, or schools crumbling. When I look around I see a society progressing towards more inequality. Was lucky enough to buy a home here 10y ago, got friends now doing professional jobs (mostly nurses) working 50h week what cannot afford to get one now. One of the measures could be applied would be the payment of council tax by the owners of property, and make that exponential like 50£ month for 100k flat and 5000£ month for a 10million property, and everybody had to pay that even if the house was empty! That would probably decrease the numbers of empty houses by the rich (think was Garry that mentioned this on his podcast). And the labour party should be taking notes as a measure like this would be popular probably to 99% of the population.
@Polkadot26 ай бұрын
This makes SO MUCH sense! The e problem is that politicians of ALL SIDES own those empty houses and they are not going to tax themselves, even if for them it's not actually that much.
@Matt-ou7tu6 ай бұрын
Labour under Starmer are a continuation of the Conservative party under Sunak.
@Andysfishing3 ай бұрын
Power to Gary, unfortunately, it’s people’s greed and lack of self control that governs bad heard behaviour. Revolution is an option when commonsense fails.
@greenbucky6 ай бұрын
Amazing guest, he has a gift for explaining the complex to simplicity.
@mooremoneymakin6 ай бұрын
Been waiting for this one! Great podcast as always and looking forward to the movement building...
@t-zero88806 ай бұрын
such a real talk. I am myself in the category of people 24-26 y.o. that worked hard, studied so much, and can't even get a good paying job these days. My dreams of when I was young was to have a well paid job that can afford me a house and a family. I am now looking to move in other countries where I can achieve these goals, and live a fulfilled life, but the problem is that anywhere else in Europe, is also mostly difficult. Living from day to day really, thinking to abandon the profession I have studied so hard for 6 years, because as Gary said, hard work is not paid off these days. I can't comprehend these politicians or people smilling at TV and saying economy is "slightly" hard, when all of my friends live in miserable conditions for someone at this age, that should have a well paid job (if you worked hard) and making plans of future.
@trustwithin71886 ай бұрын
I do feel sorry for the younger generations...also even if you do somehow get a good job they are always "restructuring " and getting rid of people so its not secure and everyone thats left is overstretched and stressed out. If I was a guy I would be a self employed electrician or plumber as they are always in demand...this is what alot of my friends partners do and they are smart guys (plus you can fiddle your books abit up if you want a mortgage or down if you wanna pay less tax ;)
@DzzO4 ай бұрын
this is so important. People NEED to understand that money's value is relative. if the rich gets richer they outbid everybody on assets and it makes everybody else poorer.
@Marenqo6 ай бұрын
Yay, really looking forward to this one! Love Gary's work! Share the same background, inner city grit. So familiar
@YorkshirePork6 ай бұрын
Are you a roadman?
@Marenqo6 ай бұрын
@@YorkshirePork are you farmer?
@emmamusic46006 ай бұрын
Brilliant video Damien! Fantastic choice getting Gary on 😊
@AviKhali6 ай бұрын
I needed to hear this. Thank you for inviting this honest person
@fighne6 ай бұрын
As Gary has said there is a difference between wealth and money! For some they are born into it, and the rest of us take a lifetime to figure it out.
@aliruane6 ай бұрын
Gary is a legend. Thanks for this, it’s fascinating.
@jacquelinee12206 ай бұрын
The problem is credit... the economic model we hold is no longer fit for purpose because our currency is completely debased and is getting more and more debased every day as it is untethered from gold or anything of superior value. I dont understand why no economist is discussing this. Central banks are the problem
@James_366 ай бұрын
really? who gives gold its value? what can gold actually buy? ZERO. I was going to insult you but ill give you some advice instead. Stop listening to idiots like this guy who is a conman and a liar. There is not a chance he was on the trading floor of a big bank being successful, he would not even hold the stupid views he has if he did he would still be getting rich in the bank rather than peddling a BS book
@jimtomo92076 ай бұрын
It allows the government to print money and then get the public to soak it up with inflation. It's coming to an end, tho with the rise of brics.
@Black-Circle6 ай бұрын
the rothchild banking system isnt going anywhere.
@simonhenry78676 ай бұрын
Money IS debt. Debt is promised off skills applied in the future. If you can make more money of your skills that the debt you(or your employer) takes on, you ARE the economic growth.
@briskyoungploughboy6 ай бұрын
Wrong. Privately created credit-money is the problem- and it IS tethered to something "of superior value"- real estate- which is the collateral for 90% of credit money. Central bank money- correctly regulated- is the solution. no need for Gold.
@tinomutasa53716 ай бұрын
This video has been on my mind, and I think one of the things that needs to change is employees need to ALWAYS tell each other what their salaries are. The whole getting paid more for the same job and competition has led to this cost of living crisis because wages have been able to stay so low.
@kinggeoffrey38014 ай бұрын
Most people don't have the guts to do that. Most certainly won't challenge their boss for a pay rise either. I have always done it. Doesn't always get what you want but I have just got £1 ph hour rise by being up front and built a valid case why I should get one. Mind you I don't care what people think so it doesn't bother me.😂
@sharongillesp4 ай бұрын
Thanks for this. We can now understand why our systems (financial, health, education, and government) are failing us. And the reason the very rich are ignoring the cries of the people is because those on the inside are like rats jumping off of a sinking ship. And while Gary attempts to help, via his book, NO individual can help, neither an organization - it requires a fundamental change in how government operates. And THEY don’t care about anyone. With some, they don’t even care about family members.
@cimaggs26516 ай бұрын
The only problem with Gary is that he rarely gives any stats or references to back up his arguments. He’d make a good politician
@James_366 ай бұрын
the major problem with gary is he is full of crap based on false lefty logic
@cimaggs26516 ай бұрын
@@James_36 haha i can’t say i agree with Gary either, but if he gave some actual stats and figures for his arguments he might be able to change more views
@stirkz6 ай бұрын
@@James_36you must be one of those trust fund kids he was on about 😂
@timandrew45156 ай бұрын
But is he wrong? Is everything actually improving and what we see isn't real? The evidence is all around.
@crayontom96876 ай бұрын
The only fact that you need to know is that our economy is stagnant because ordinary people are poor whilst the extremely rich have never been richer and thus have driven up asset prices so that they are out of reach for ordinary people, thus exacerbating the very problem I just described
@sanjanadeb29576 ай бұрын
Really interesting, back in 2016 I read the McKinsey paper, Poorer than their Parents. Gary articulates the concepts of this paper so plainly. There is another paper or book I can’t track down called ‘return to the hour glass economy’ , it’s approx 10 years old and I have not been able to trace it, if you know it, it would be great if you let me know
@WilliamAhlert6 ай бұрын
Thank you for sharing this. I truly think Gary is one of the most important voices in Britain and I hope he can be heard loud and clear across the country. I look forward to listening to his audiobook which I've pre-ordered on amazon.
@juancarlosalonso56644 ай бұрын
Everyone needs to see this, especially people who are not incredibly wealthy and yet identity as conservatives.
@jx67746 ай бұрын
I’ve been watching Gary for over a year now. The man is flawless. He conveys such an important message with such conviction and pure passion. He takes the time to really break down what is happening and explain it in a digestible way. But his ideas will never reach the masses. Aside from the fact all he expresses directly contradicts the ideals pumped out by the media machine and brandished by our government; my reasoning is two fold: Very few have the understanding of basic economics necessary to truly compute the scale and reality of what Gary is saying. And for the rest; they’re hearing something they don’t really understand which sounds very negative and pretty terrifying. Of course they neglect it. Keep doing God’s work Garry.
@teodordl5 ай бұрын
Well, there is a certain manifesto that gained traction a couple of hundred years back or so which contains somewhat similar ideas. It seems probable that a clear, distilled version of Gary’s ideas, in book form or in new media form, might just catch on.
@JM-yf3ol6 ай бұрын
Gary’s channel is excellent. Let’s face it, every economist positively ignores distribution and inequality, despite it being the main issue of our time. There’s no consequences for being wrong in economics aside from where Gary worked. In fact they make you prime minister. You can’t become PM unless you believe, or prepared to pretend, that trickle down economics works.
@trustwithin71886 ай бұрын
Yes its more like trickle up!!
@pandroop55825 ай бұрын
Man I can really resonate with the Gary’s childhood. Especially your family’s lack of money being a fact of life. Throwing away the trip slips because you don’t want to bother your mum and the guilt she’d feel that she can’t afford it. The moment I could be financially independent, I did it. Last time I ever asked money from my mum I was 13.
@vulgartrendkill6 ай бұрын
Love Gary, great episode everyone. 😍
@e.d.37296 ай бұрын
I love Gary. He has a heart. A brain and a heart.
@86tunst6 ай бұрын
The WEF did warn us this would happen in 2016, "you will own nothing and be happy"
@Exciteddelirium16 ай бұрын
They are wrong, you will own nothing and be Angry about it.
@curmudgeon19336 ай бұрын
"YOU will own nothing...and THEY will be happy about it"
@jamesmusker64546 ай бұрын
Also eat the bugs...
@grantmitchel6 ай бұрын
yeah not sure a tax policy will do much about it
@TeleCustom726 ай бұрын
The 'prepping' that Gary talks about resonates with me. I was the first person in my family to get a degree and recall after graduation expecting to walk into a job. I very quickly realised that the route to these jobs had already been sewn-up by others. I was green as grass, but it was an eye-opener for me. Ultimately, I changed careers twice before settling on being a brewer/distiller. If you want to talk about a career that demands significant technical knowledge and mostly pays under £28k, brewing is it. I love my profession, but I'd also love to be able to not worry about money. I know that I'm not unique in that respect and other sectors are even more poorly paid.
@barryyoung4 ай бұрын
Great discussion. The depressing thing is neither of our major political parties are willing to address this. Ultimately because they are both in the pockets of the super rich…..
@pglove6 ай бұрын
16740 words total. Of 1767 unique words, expletives were the 14th most common, just behind ‘is’ and ‘of’ in 12th & 13th place respectively. 230 expletives. 1.37%. Impressive. 😂
@DamienTalksMoney6 ай бұрын
What a comment 🤣
@Lenny-nr4yv6 ай бұрын
Loving ya work glovey 📝
@pglove6 ай бұрын
@@Lenny-nr4yvI’m glovin’ it
@hypersynesthesia6 ай бұрын
Gary Stevenson aka Sweary Poppins 😂 cracking episode though. Really highlights how obscene the gulf is between the financial class and everyone who wears the impact of their decisions and, tbqfh, sociopathic tendencies.
@brokenrecord30954 ай бұрын
what's the single most frequently used phrase? I'm betting on "know what I mean"
@red40706 ай бұрын
Love Gary's passion even though the topic is scary. Thing is though we are currently in the midst, perhaps at the peak and the point of no return, of the biggest wealth transfer in history. I'm sure he's aware of that and predicted it in private. He mentions Dickensian times returning and I don't think he's far off the mark.
@richardcarson83852 күн бұрын
I am 53, came from lower middle class, blue collar hard working family and the only way we could afford a house was because my dad who was divorced from my mom in 1974 he was killed and me and my bro had social security that went to my mom and step dad. I was first to go to college in family history and had student loan debt that was never going to be paid back. I work in-non-profit and could not ever buy a home, did not travel and my wages always stayed below inflation. The wealth transfer has always been happening, even since the 1970’s and 1980’s. At that time there was no internet and no social media. Now everyone knows what the wealthy, the government the economic system are doing to average working class people. I am in Ca, USA.
@optiontrader45126 ай бұрын
Gary and friends the most important use of money is to improve Education of the many so that they can each improve their lives as well as their children's and the nation by participating at a higher level. Taxing the rich has to create the funding of this basic building block that helps every one to perform better. The economies of Finland and Singapore show that this approach has made those countries successful . This gets the buy in from everyone for everyone.
@flakieflake96166 ай бұрын
Seems to me what is being described is pretty much the Cantillion effect however Gary doesn't mention the Laffer curve, and although he talks about accountants and lawyers, most of the wealthy just move their assets into offshore trusts and are unaffected by anything the UK government does.
@skiiddy6 ай бұрын
It’s the 8 million economically inactive that concern me. The ludicrous waste by government in the civil service, NHS, infrastructure projects etc. I pay Corporation tax, personal tax and like everyone else, indirect taxes like VAT IPT. BBL loans were the only option for over 3 million freelancers and solo company directors. No furlough, no grants just debt.
@James_366 ай бұрын
yea this guy thinks the rich who produce assets and wealth are the problem while conveniently ignoring how the Govt WASTE wealth and produce NOTHING
@stirkz6 ай бұрын
Your comment has absolutely nothing to do with what Gary has spoken about
@James_366 ай бұрын
@@stirkz no because he likes to conveniently forget how much wastage govt uses tax money, so taxing the rich to give to govts who waste and fill their own pockets and their own interests to get re-elected is hardly a solution is it
@James_366 ай бұрын
@JB-kf8sf Itax the rich... neve heard that before... liquidate the wealthy and divide by population look at how much money you get, solves nothing. it is the dumbest argument in the book
@brettharter1436 ай бұрын
@JB-kf8sfand you take Gary The Grifter at his word just because he says he worked in finance but quit because 'hes not like them' hahaha yeah right
@getreal79646 ай бұрын
We desperately need to get this movement growing so normal people have a loud enough voice to be heard as this inequality message is critical to almost all our futures
@jamesbailie86476 ай бұрын
Wow, Gary really gets it. I really do think there is an untapped silent majority of young people in the UK who earn ‘decent’ money, but can’t afford to get on the property ladder. I hope this silent majority follow Gary’s movement and we can shake the politicians into listening. Gary, I’m right behind you!! 🫡
@martinrobinson90612 ай бұрын
I’m 100% behind Gary. Gary is a force and I’m with him every step of the way.
@jayy93906 ай бұрын
Oohh yes my 2 favorite KZfaqrs in the same video 🙌
@3kg_tangerine1136 ай бұрын
Really enjoyed this conversation, super insightful! Keep up the good work! 👏
@gusgilder27965 ай бұрын
I've now watched four recent interviews with Gary and I think this is the best. Good work boys!
@BUFUmic6 ай бұрын
Good to see Gary on the show, hard to disagree with what he saying. We need more people like him on our screens. Keep the content coming lads!
@teewillson55996 ай бұрын
Loved this episode and pre ordered the book - kinda felt bad it was through Amazon
@louisemartin77285 ай бұрын
Try Abe Books instead
@CurtisRouse-6 ай бұрын
You should get Gary back. This is the best podcast I’ve watched in a long time
@flakeyjay3 ай бұрын
He needs to be broadcasted around the world for all to hear.
@Sa-hi5nq6 ай бұрын
First time on your channel because of Gary (following him since covid). Thank you all.
@damianchang64396 ай бұрын
I’ve been following Gary’s channel for a few years now as well as Damien’s and I have to say this was a much needed and great interview. Genuinely though we as nation need to form a new political party as neither the Conservatives, Labour or Lib Dem’s will ever change the status quo and tax the ultra rich. Check out Nigel Farage every time he wants to push his agenda through he creates a new political party, his latest is called Reform. Gary, Damien, Ramin and Nisha would make the great initial members to embolden change. Other activists not withstanding.
@James_366 ай бұрын
tax the ultra rich to then do what? do you realise that if you liquidated all their net worth and divided it by the people in this country you would get a one time payment of around 3k.. not to mention all the wealth creation and jobs gone which would turn nations back into the stone age. So a wealth tax that gets what % of their INCOME will solve absolutely nothing. Stop being jealous of rich people because it will do you no good in life
@curmudgeon19336 ай бұрын
Farage is an opportunist grifter. He's already done enough damage to the country, and has lost every election he's ever entered, except as MEP. After sabotaging that, he's now happy to have the UK taxpayer pay his EU pension. Slimy git.
@Npwn6 ай бұрын
Age of empires the one, Wolololololoooo! Top finance heads together in one video what a treat thanks guys
@cinema1046 ай бұрын
I'm 73 and I've been seeing this decline since 1980. I wish pod casts originating in America were as thoughtful as yours.
@ThatGuyWierd6 ай бұрын
Very articulate and making the points that need to be made. Only divided are we conquered, and we are most definitely divided
@TheOriginalAndBestTim6 ай бұрын
Gary is totally correct about economists needing to talk to real people to understand what is happening. I see and hear economists and people like the bank of england claiming repeatedly that inflation is falling and easing financial pressures. Meanwhile one of the main topics of conversation I have with people is how expensive it is to do a food shop, how people find they don't get as much for their money and are cutting back to make ends meet.
@jordge926 ай бұрын
Meanwhile inflation ignoring the mortgage rate rises that are adding hundreds to people's outgoings. Economists missing the point
@LawrenceTimme6 ай бұрын
When they say it's falling they mean prices are going up at a slower rate, not that prices are getting cheaper....😂
@TheOriginalAndBestTim6 ай бұрын
@@LawrenceTimme I know
@James_366 ай бұрын
what is real people? most ordinary people waste their money on dumb consumer BS flexing and trying to impress their neighbours, what an earth as an economist going to do with that information other than make him realise how dumb these people are
@troyfletcher19906 ай бұрын
What f*cking swearing?? one of the best episodes, Great work! Really eye opening, Now which party is willing to tax the rich so we can fix the system a little?
@LittlePetieWheat5 ай бұрын
A paper round is a great life lesson, and way for a young person to gain some economic power.
@RhetoricalMuse3 ай бұрын
I dated a doctor once. Her parents were doctors, her sister was a doctor too. She went to a private school, then a top uni. Her parents bought her a flat, a stones throw from the river Thames WHILST she was a uni student, without a mortgage. This is the difference between the very upper middle classes and the rest of us. Now imagine the difference between them and the very rich. The doctor family still had to work, but that wealth will keep increasing over generations. That still doesn't make a dent on the top 1%