Wealth: what it is & how it differs from Income

Рет қаралды 62,972

Күн бұрын

"If you were born poor you will die poor
and if you were born rich you will die richer"
Former city trader Gary Stevenson explains the difference between Wealth & Income. He also explains why failing to tax wealth will lead to worsening inequality.
"Houses are not gonna be affordable for working people,
Houses are not gonna be affordable for future generations"
SOCIAL MEDIA:
WEBSITE - www.wealtheconomics.org
TWITTER - @garyseconomics
FACEBOOK - @garyseconomics
INSTAGRAM - @garyseconomics
Performed by Gary Stevenson
GARY'S ECONOMICS
Produced by Simran Mohan
MOHAN MEDIA

Пікірлер: 454

@jake_rogers_music Жыл бұрын

This channel falls under the category of “one of the best parts of the internet”

@JonnyRootsDem Жыл бұрын

My dad paid the final mortgage payment in 1989 on our family 3 bed townhouse on an estate in Hackney, East London. He had a normal job as a painter for Tower Hamlets council, but he could afford to buy that property on his own under right to buy, think it was 75k. When he passed away in 2011, we sold it for 340k and now it's tagged up for 560k. Asset inflation is killing everywhere especially London, I feel for the young. I'm Glad you're making these videos Gary, to spot light WTF is going on out here.

@robbie609 Жыл бұрын

why did you sell it ?

@40yearoldvirgil15 Жыл бұрын

"The richest man is not the man who has the most, but the man that needs the least" I like this quote and it's another perspective that helps you stay sane in this unbelievably unfair system.

@susanbrockhurst1845 Жыл бұрын

I am a very blessed Church mouse.,

@pierremartini2229 Жыл бұрын

I studied history at university. I love history and still spend a lot of my time reading about it. One thing which stands out is that many empires or states owe their collapse to the hubris of the rich and powerful running those states, their disconnection with the reality of the mass of the people, their illogical belief that somehow their wealth and power made them invincible. There lies a lesson for today, provided you you are prepared to look and listen.

@mikejackson1870 Жыл бұрын

If you, like me, have found economics baffling Gary explains the subject clearly and simply. I wish I'd discovered his videos years ago but it's never too late.

@bogdiworksV2 Жыл бұрын

economics is made to sound baffling so us lot shut up and put up with inequality. All I heard from coworkers (I work with the NHS) was how great that a brown person got to be PM, not how much people like Sunak regardless of colour screw us all over.

@tessellatiaartilery8197 Жыл бұрын

Great video. This should be part of personal finance/citizenship/moral/political education in high school. This needs to be on national television in the UK for those already out of high school too. Excellent. Thank you for your work in helping us understand.

@susanbrockhurst1845 Жыл бұрын

Exactly what I am thinking. In fact Oxford or Cambridge would be ideal...

@laurencedavey3121 Жыл бұрын

I agree but don't hold your breath - the government that runs the schools is owned by big business, the media is owned by big business. Big business is not going to rush to tell us they should be paying more tax.

@dishyduckie Жыл бұрын

who owns the education system?

@peterjenkins3922 Жыл бұрын

Gary - thank you for helping me understand. I'm writing a book " Ignorance; Dysfunctional Education; & Failed Leadership". Hope you are ok with me referencing you in my critical of Oxford PPE degrees. & and the need for a complete overhal of our Leadership ( pitical) system. Cheers Peter Jenkins

@susanbrockhurst1845 Жыл бұрын

Hello Gary. I wonder if you could find the time to look over a paper that my granddaughter is co-writing on inequality with others on her course? She is studying Politics at Erfurt University in Germany. She is bi-lingual, mother English Father German.. I sent her a post of yours and she was impressed..

@getreal7964 Жыл бұрын

Gary, you ARE the people's economist. Keep up the good work mate.

@quokkapirquish6825 3 жыл бұрын

Gary is a natural orator, is able to explain so clearly. Cannot argue with a single point. Great stuff, more videos please

@truth.speaker Жыл бұрын

8:24 He claims "houses in this country" have gone to 20 - 30x income. If the average income is £27,756 that means the average house price for "houses in this country" should be £555,120 - £832,680 The actual average is under 300k, and starter houses are even less. House price to earning ratios have sat around the 5 to 7 point for nearly 2 decades. Meaning the average worker would work 5-7 years to pay off the house in full. This varies by region. London is extreme, at 11x, but not even close to the 20-30x ratio this man has mentioned Is he talking about a highlander buying a Chelsea mansion? I have shook my head at the lies he is telling in this video. Wealth is not made by labor but by machinery. Without machines, we would all be dirt poor Anyone can buy government bonds, not only the rich, so the government is not owned by the rich at all. Many people owe nothing on a mortgage and own outright. No one can force you to sell your home, and the amount of laws people need to follow to rent residential property makes in very unattractive as an investment for most superwealthy. Even the banks, they don't only borrow from wealthy individuals. Most wealthy individuals shun cash in favour of productive assets. Your Nan's savings at the bank is how they get the fractional reserve they use to lend a mortgage. In reality, I believe it is unproductive to leave cash in the bank so I doubt it is a trick of the superwealthy. He claimed when you buy from the supermarket they get a big chunk of profit. Yet last year, Tesco made just 1.51% profit margin on net sales. Imagine that. If you spent £50 at Tesco they redistribute over £49 back to the economy in wages and taxes. They make their money, but it's not exactly a goldmine. When we work, our machines make us more productive. What would a bus driver do if he has no bus? Ride a bicycle? That's a machine too. How about carrying people only by hand with no machinery? Obviously wealth is made by machinery, not human labor. Human labor is essential, but so is oil. So is petrol. So is tyres. Everything goes in and value comes out. This man is not mistaken (in my view). I believe he is deliberately painting a misleading picture. I'm not dissing his accent, but I'm sure he didn't speak like that when he worked at the bank 🏦 Some statistics can be cherry picked. Others can be made up. I strongly disagree with his conclusions

@garyseconomics Жыл бұрын

Those ratios are pretty normal in London. Give it time and they'll be normal in many other parts of the country as well.

@truth.speaker Жыл бұрын

@@garyseconomics if those ratios are normal in London then there must be significantly more properties below 11x For example, if my average is 11x but a fifth of properties are at 20x and a fifth of properties are at 30x, I would need the other 60% to be so drastically below 11x that it starts to look like a bargain.

@truth.speaker Жыл бұрын

@@garyseconomics I get you have an agenda to push, but a little honesty and integrity is needed Why not mention that if house prices go up, nanna will be passing on an absolute fortune? Is that a good thing? Who knows. Some will win and some will lose I still don't get why rich people are bad for me. If rich people buy up all the assets, which they certainly do buy the desirable ones, why is life many times wealthier than it was back prior to the first industrial revolution? Why don't poor nations have wealthy average citizens yet America and Europe have impoverished people due to all the wealth being syphoned off by the billionaires? Why do we see the opposite of what you are suggesting? Find a rich country with no billionaires and I'll consider my examples to be fairly questioned. But if all the rich citizens are those living under the tyranny of billionaires then I guess I'll just have to cope with my 2 family cars, one international holiday each year, clean water (hot and cold) and every day dishes from all over the globe available at a fraction of the price they were before industry changed everything "Damn you billionaires!! Will you not cease oppressing all of us poor!!!" Please name a place where the average person is wealthy but not due to the existence of billionaires and I'll rethink my viewpoint 😉 Wealth is created. Much of the value in the economy has been created. Not found. And machinery is the true producer of wealth. Not human effort.

@jaylucas8352 Жыл бұрын

@@truth.speaker if you don’t mind me asking what’s your actual background in finance?

@gailclough1665 Жыл бұрын

I've lived in several countries and noticed this happening everywhere I've lived. Thanks for explaining

@pierremartini2229 Жыл бұрын

I have too. Totally agree.

@bogdiworksV2 Жыл бұрын

what the rich have over all of us around the world is that we buy into BS like nationality and race instead of uniting for our real common goal of forcing them to share.

@primal9238 Жыл бұрын

I've known all this for a long time, I've preached about it but my words almost always fall on deaf ears. Hearing him break it down in such simple terms if so comforting. SHARE this! The largest problem we have is ignorance.

@johnmpandaguta3289 Жыл бұрын

Ignorance is a huuuuuuge problem...worldwide plus the media aides that

@aytacali8982 3 жыл бұрын

Excellent video. If democracy really exists then politicians need to act quickly.

@martindenham2207 Жыл бұрын

That was a real eye opener. My worldview changed in 13mins. That's pretty impressive going Gary. Really glad I've discovered your channel.

@miladyfeliciano1976 Жыл бұрын

Same problem here in the USA. To make matters worse, we have a for profit health care system, which means a person could end up losing their house or going into bankruptcy to pay for medical bills. That was a great presentation by the way.

@johniepatterson3746 4 ай бұрын

we here in the west are funked it's falling apart health care homeless more a more people be evictions rent rising more than income. That's why the new world order is here with BRICS dollars are going dead.

@ThyineMusic 4 ай бұрын

Great video. One of your clearest and best. Being 2nd gen Caribbean here, I grew up in the 70s with similar families with 3+ children who owned 3 storey Victorian houses. All the children had their own rooms and rooms to spare. The dads held blue collar jobs and the mums were full time home keepers. The dads had two fairly new cars too. And all achieved with 1st Gen immigrants a decade after arriving here with a suitcase.

@sl0w_racer 5 ай бұрын

You are doing gods work Gary, hats off to you sir! I learned this about 10 years ago in my 30's and wish I knew it in my 20's but since then I have tried to acquire as many assets as I can. This includes property, stocks, bonds etc. I am currently generating about £40k per year from the liquid assets only (not property) - a far cry from Jess Bezzos but the compound nature of it is crazy! Soon I'll it won't take long to be at £80k per yr and so on. We really need to teach proper economics and personal finance in school. I've now subbed to your channel. cheers mate

@nativeenglishpaul2836 Жыл бұрын

How has this video not been watched by more people. It's bloody brilliant. So we'll explained.

@ibz3293 3 жыл бұрын

Your videos have really made a positive difference in my life and my understanding of income, debt and wealth and I just can’t thank you enough for making this content. We need more superheroes like you out there 🙏❤️.

@garyseconomics 3 жыл бұрын

Thanks Ibz! I'll keep at it!

@terrytiley343 8 ай бұрын

Wow Gary I'm a 70 year old man from Woolwich southeast london and what I think makes you enjoyable to watch because of your expertise on this subject but you talk like us and explain it in such a way that resonates with us keep the videos and information coming your doing a great job mate.👍🙂

@deniseclarkart 2 жыл бұрын

Thanks for that Gary! Really well explained. I’d like to add that even when people manage to ‘buy’, even 25% of a flat a flat, they have just bought a piece of paper that says they can only live there for a certain amount of time, this is called a lease. If that time runs out of if they don’t pay their ground rent they are all set to lose their home, and many families have.

@garyseconomics 2 жыл бұрын

Yes thats a good point - thanks for your support Denise

@KalpeshPatel-tq5jl Жыл бұрын

Thank you for highlighting these issues Gary 🙏🏼. I’m a huge fan of yours. I’m your typical rags to riches story - I earn well and own property. I completely understand and agree with you that the country is turning into a more unequal place. Please consider standing in parliament and educate the existing clowns.

@stephenfitzpatrick4632 2 жыл бұрын

Gary son, you are an inspiration. Our society needs to hear your voice.

@garyseconomics 2 жыл бұрын

Thanks Stephen - do share the videos if you can!

@jasrose1546 Жыл бұрын

Keep educating.

@garyseconomics Жыл бұрын

Will do boss

@keirdoubas Жыл бұрын

You're spot on Gary. The rich do not pay their fair share of tax in the UK because they invariably created the rules. It's the most capitalistic society bar the US. It's also a very unequal society relative to other rich countries like Denmark, Sweden, Norway and even Australia where i'm from.

@SHORT-FRIDAYS Ай бұрын

Gary, I am literally on my 2nd run of your book through audible; Your voice inflection and delivery on the audio book that you did is 1 of the greatest I have literally ever purchased. It allows the user to feel like he or she was there. You also opened my mind to thing I never thought about before with your KZfaq videos. For instance, whenever people talk about taxing the wealthy or rich I always thought they meant a common person like me trying to get up to making $500,000 per year 1 day in the future; I didn't realize until I found you 3 weeks ago taht wealthy is property asset owners that are worth 100's of millions and they keep buying up all of the property and making it harder for the common person to live and afford housing, etc...

@jonathanknight1850 3 ай бұрын

I think children should be taught about this at school and the necessity of gaining asset wealth to free themselves of tim/money exchange

@sgstuff-q8e 5 ай бұрын

I have so many thoughts I have going on in my head about this stuff. Just a few below. 1. I agree this is definitely a problem but what can I do to change it? Voting isn't going to make a lick of difference as all political parties are funded by the wealthy. 2. What is the end game of the wealthy? Can they not see the impact of the current state of things having on things like birth rate (just one example of so many things!)? I reckon in the next few decades there won't be enough young people who need to rent a house so that housing stock will sit empty and there won't be enough workers, or people to buy stuff companies make. It is crazy shortsighted to me. GDP is a meaningless measurement. Found you through Damien Talks Money - so glad I did - I am so happy who speaks the language of the wealthy but has the best interests of everyone else at heart.

@dave7577 Жыл бұрын

Looks like you've found your purpose in life Gary you're as good a communicator as you are a mathematician

@greatgatsby6953 Жыл бұрын

It is extremely important to know and appreciate, the difference between income and wealth! I would like Gary to tell us, in his opinion, how much wealth you need to have to be considered rich!

@BroadenFilms 3 жыл бұрын

Top quality content . Totally on board with your mission to narrow the gap of inequality and demystify wealth versus income, and through such clear and informative videos. So glad I found you in the Guardian this week and look forward to watching more.

@martinrobinson9061 6 ай бұрын

Everyone needs to wake up to Garys messages.

@maxclive2138 3 жыл бұрын

Keep up the good work 👍....we need more to speak truth to power.

@markusnystrom852 8 ай бұрын

I can't believe this video doesn't have more views!

@alasdairsmithson5156 2 жыл бұрын

Really good video mate. The super rich should also be paying an environmental tax.

@garyseconomics 2 жыл бұрын

Thanks boss, 100% agree

@stanleybeckett7705 2 жыл бұрын

Subscibed today after seeing Gary on The Owen Jones Show. Really good presenter and good time to discuss wealth. Rishi Sunak's wife is a good example of how wealth works. She owns 1% of Infosys (no doubt given to her by her father) and got a share dividend of £12M last year. Wealth means never having to work, just sit back and wait for money to roll in.

@bogdiworksV2 Жыл бұрын

imagine making £12mil a year just by existing - and then Rishi tells us to tighten the belt.

@taylorjames1985 2 жыл бұрын

Found your channel through the conversation of money podcast that you were recently on. It's refreshing to hear people like yourself and Peter talk about finance and make it much more understandable. If only you guys were about when I was younger... but it's never too late to relook at your finances!

@garyseconomics 2 жыл бұрын

Thanks boss, glad you like it!

@somedayarrival Жыл бұрын

The best and clearest video I’ve ever watched on wealth on KZfaq

@petebateman143 Жыл бұрын

Your fundamental problem is that the people who legislate on who pays how much and the very wealthy who don't want to pay tax are one and the same group of people.

@metricdeep8856 Жыл бұрын

If you see cranes in the sky putting up a new building.....That's someone spending (almost certainly) someone else's money. They don't need to save to do this. That's also a good sign that money is changing hands and that is what keeps the economy flowing. No one teaches you how to become this person...you have to open your eyes and learn just what it is that you are seeing unfold around you.

@mella8298 Жыл бұрын

You are a breath of fresh air, Gary. I can't express how lucky I feel (and how lucky we should all feel) that you are telling us what's going on out there in the real world (as opposed to what politicians want us to think). You deserve so much more recognition and by golly do you deserve every penny you've earned as a trader for the good you're doing now (and much more). I will be doing my bit to spread the word. Everything really feels different this time - I do think that people have had enough and will demand change. I hope so anyway - perhaps I'm being naive. The alternative is unthinkable. Btw was it you who used to phone into what was Tom Swarbrick's late night show on LBC last year? A trader used to phone into that show from time to time and I loved it when he did - very plain speaking - I reckon that was you but not sure. Please keep phoning LBC and if I can be brave, I will consider doing the same and encourage others to do so as well. You Sir, are a gold brick. Bless you.

@auntsally5683 2 жыл бұрын

Not only that it will make a very unpleasant world to live in for most people, increasing crime, poverty....

@thorinbane Жыл бұрын

Great breakdown of the class struggle that most arent aware of.

@firstpestcontrol276 Жыл бұрын

I’ve recently found Gary on KZfaq and I’ve watched so many of his videos now..this is an awakening within me whilst I’m sitting back and absorbing what’s happening in plain sight, and we don’t see it. How can we change this system? Remove Tories, vote Labour? Campaign for electoral reform, but what parties are out there that are willing to tackle this? Would Labour tackle this or have they become too similar to the Tories?

@alfrededgecombe7384 Жыл бұрын

BIG RESPECT TO YOU GARRY .WE NEED YOU TO EDUCATE PEOPLE LIKE ME 🙂

@williamroberts1490 3 жыл бұрын

Really interesting and informative. Worrying signs if the viscious cycle that increases inequality also increases the speed of the growth inequality as well

@martinayres6180 Жыл бұрын

@Gary - Thank you, Thank you, Thank you!! Not only have you opened my eyes to what is going on in a way that doesn't patronise, talk down to anyone or treat anyone as anything other than an equal, you've actually done something far more profound than that - you've given me some hope, mate. I've not spoken to my Dad in over a year following a daft argument we had. He was frustrated at me not being in a position to buy a house at 38 years old, when he (as an apprentice electrician in the mid 1980's) was able to buy a flat, get married, have a kid (me) and all of that at the age of 21. He didn't get it, but to be honest, neither did I until I saw your videos. Now I'm clued up a bit more with what is going on and I finally feel like I have some answers I can use to make the first step towards getting back on track with my family. So, Gary, THANK YOU - what you're doing is inspiring and is already changing peoples' lives for the better.

@chippyminton8711 Жыл бұрын

The ratio of pay to the value of a house in todays market is crucial to realising why so many people can't afford to get on the housing ladder. We bought our first house in 1982 a 3 bed terraced house for 23,500. we sold it 5 years later for 48,000, it had more than doubled. Where we live now there is house building going on everywhere and pressure to build ever more houses (we are in the South East), the vast majority of these new homes start at £600K and go up to £1.5 million, there are very few public services and our village has just been voted the best village in the country which will probably force up the house prices even more, further reducing the prospects of younger people affording a mortgage !!

@shaunkilcourse8097 Жыл бұрын

So that’s why I keep seeing “own nothing and you will be happy” social engineering here! This reminds me of Orwell and brave new world!

@elainemorris8769 Жыл бұрын

Wow. Just wow. My mind is open, clear and blown. I’ve never been able to explain this inequality so clearly and now I can!! Thank you x

@BOOYAKASHAAA Жыл бұрын

Never understood economics. Total appreciation and respect for your channel. The more working people understand these subjects the more we can wake up to what is happening. Thank you

@MarranoPrince Жыл бұрын

Just discovered your content Gary. My only regret is that I didn't discover it years ago. Thank you for all that you do.

@bobgray1555 2 жыл бұрын

Hey Gary, I am slow to pick up on your channel but am excited by what you say. There is so much inequality that needs addressing and people like you can help to understand what is happening and more importantly what we can do about it. Please, please ,please help and guide to us to redress this disgusting wealth grab. Everyone should have the chance to own their own home which provides at least the basic needs for all. I'm a boomer and I want my kids to have a life where they are not constantly fighting for survival. We need a just and fair society. Please help!

@sogsuk 2 жыл бұрын

Gary, how do you get passed the public apathy on finance? Your videos are great, insightful and easy to understand the complex areas of finance that you talk about . The number of views on the other hand is really low, which I find frustrating. Looking forward to the next video! TED talks next :)

@garyseconomics 2 жыл бұрын

I don't know to be honest boss, up until now we have really focused solely on making good videos and probably not enough on how to grow the channel and get more people watching. So far we have really been relying on word of mouth spread, so do please share!

@iReaperYo Жыл бұрын

@@garyseconomics A ted talk would be great for exposure

@dennisj.plotsi9295 3 жыл бұрын

Man, i really like you, because you have almost the same mentality as i have with the difference that when i say these things people make fun of me because I don’t have a degree. And the thing that i hate is that you have like almost 1000 views saying the things that needs to be said so people actually understand but there’s other people that talk about the most idiotic things and they get millions and millions of views which always frustrates me. One other topic that a lot don’t seem to understand is that the top 5 biggest tech companies have so much power that can change the course of a country’s elections and more. Same goes for big corporations like Nestle that owns so many other brands that have absolutely no relation with what nestle is known for.

@garyseconomics 3 жыл бұрын

Thanks boss! Yeah I would love to get a few more views, and I think the content deserves it, I am working on it! Do consider giving it a share!

@ElmaJen 2 жыл бұрын

Thanks for sharing your insights across the divide . It’s really articulated what I have felt for years ... I’ve given up on the idea of home ownership but hope the right people start listening soon.

@Alun49 Жыл бұрын

Superb as always. I stumbled across these videos a week or so ago and have been working my way through them. Gary talks with clarity, insight and urgency about the way in which capitalism works. I cannot wait for the book! I place him alongside Yanis Varoufakis and Richard Wolff as a primary source for understanding the current state of affairs. Every video helps to lift my level of understanding. I'm in my sixties and appreciate very much Gary's videos in educating me. Keep it up!!

@djoldschool Жыл бұрын

I’ve recently come across your videos and as a keen ‘student’ of economics it’s nice to see someone who can actually explain wealth and inequality to the masses without using words like ‘exogenous shocks’. Also pleased to hear someone referencing Picketty’s excellent book (Capital) which everybody should read.

@beadmecreative9485 3 жыл бұрын

Found you through the guardian article! Keep up the great work... tides will change with persistence!

@garyseconomics 3 жыл бұрын

Thanks boss! I'll keep at it!

@southney7211 Жыл бұрын

Sounds a bit like the world economic forum’s vision is coming true. They say “you will own nothing and be happy”. They’re definitely right about the first part of that statement. Whether we’ll be happy, is another matter entirely.

@WalkingSideways Жыл бұрын

Straight forward and to the point, great content Gary. I keep getting letters from estate agent wanting to buy my house, but I will never ever sell it the wealth generators. I'm thinking about some sort of arrangement where I'd be investing in the lives of the people (and maybe their children) who would 'lease' the house from me, possibly over several generations. I don't know what exactly that would look like, but I want to take the wealth makers out of the equation.

@CORRIGEEN71 Жыл бұрын

Love it they won’t want u talking about it

@etiennef9311 Жыл бұрын

Great content. Just a short note adding, the super wealthy are also buying massive amounts of land. This is basically increasing the price of land used to grow food (e.g. where I was born, farming land in the past ten years has gone up 600%), that will in turn continue to increase food prices increasing the transfer of money from the poorest to the richest.

@garyseconomics Жыл бұрын

Thanks Etienne, that interesting. Could you tell me what area that is?

@etiennef9311 Жыл бұрын

@@garyseconomics Oh sorry, not UK, Malta. In late 2011 I was looking for a small parcel of land, around 1 acre to try growing some organic crops. Prices were around €50 -60k per acre for purely agricultural land. Now it has gone to above 300k per acre. Land is scarce in Malta but the main reason is it is being sold as 'recreational land'. I know something similar is happening in other countries too.

@garyseconomics Жыл бұрын

No problem, thanks very much that's very interesting information. It makes sense that as the rich get much richer they will want to make use of more of the land for their own entertainment.

@lewiskirk8289 Жыл бұрын

Gary is talking about HG Wells’ The Time Machine. The Eloi and the Morlocks. Unless we make a change, that is the future we are heading for. Something must be done ✊

@fightonbusenga7678 Жыл бұрын

Great video Man. Keep on enlightening the society

@alfafashionskenya1024 Жыл бұрын

Mind blowing

@yasminekhan7010 Жыл бұрын

This is so important… sharing with everyone I know ✨ Thank you Gary for all you share

@shaunkilcourse8097 Жыл бұрын

Wow totally speechless incredible breakdown of wealth vs income, genuinely don’t know what to say! Your really holding it down for the people here take care bro and thanks

@tominkerry 3 жыл бұрын

As usual concise and clear. Thanks Gary for cutting through all of the bs

@KH-mt1bt 2 жыл бұрын

Awesome video. Thank you for making

@terencemichaels Жыл бұрын

Excellent Gary, thank you...and i'm so glad you have ditched the "background music" on more recent videos...it is very distracting.

@Manictwig 3 жыл бұрын

Great video, your way of explanation is always refreshing and sheds a clear and straightforward light on an issue.

@nls8508 2 жыл бұрын

Great video! Thanks for breaking this down. Your podcast with Conversation of Money was amazingly insightful recently. Keep up the great content.

@garyseconomics 2 жыл бұрын

Thanks Naihum! Glad you're enjoying the content! I have another podcast with Peter out next week and we will be doing a KZfaq live in September!

@andynwebube1302 3 жыл бұрын

Gary, ever since I saw a video of yours explaining the cycle of wealth that passed the responsibility of the wealthy to the BoE, I have been a fan. I have passed your videos on to my friends. But I have a few comments and requests from you. In this video you mentioned that the wealthy will end up buying our properties (I agree btw) but in previous videos you mention that they will also buy commoditiess and stocks and shares etc. Can you please clarify. Also you gave an example of how the wealthy own our debt and ultimately own the NHS etc. Again, I agree, but if you are able to give pracical examples of a wealth family who actually owns their wealth this way (again I am in agreement) and show us using illustrations, this would be easier to comprehend and create more reality in our minds of what is actually happening, especially if you use a UK based family rather than Jeff Bazos, the richest man in the world. Finally, I understand your mission to let the whole world know what is going on and what must be done to turn things around and I agree this should happen, but what do we do in the meantime? Us working class, who have to earn a living and perhaps have some saving and some disposable cash and may be already own our homes (or not). What do we do? I listened to your other video about what happened in 2007/2008 with the price of stocks and houses and thanks to you, I have decided to further invest in the stock market. I think more emphasis should be layed on what we as individuals can do to help ourselves in parallel with the bigger solution. Again I am a big fan of yours. Massive respect to you for what you have decided to do, leaving the bank and doing this.

@sestrelbethesda9450 2 жыл бұрын

Thanks Gary, well explained.

@maxdownham-bowers9841 Жыл бұрын

Thank you for your vision and the information!

@susanbrockhurst1845 Жыл бұрын

Stunning

@mvseelam5415 3 жыл бұрын

Thanks for this really clear and well explained video!

@garyseconomics 3 жыл бұрын

Thank you I'm glad you enjoyed!

@fergusdangerfield156 Жыл бұрын

I'm so glad that you make these vids. People need to be educated about this As I'm sure you know, Henry Ford said, " if people knew how the money system works, there'd be revolution byorning". If sure if people were to learn and so how it is , that is very true. Maybe that's what it will take. It's only a matter of time!

@caity9278 2 жыл бұрын

This is such helpful, easily accessible content. Thanks sm 🙏🏻

@nickmacleod2368 2 жыл бұрын

Mate this video is so informative, I'm going to send this around to my friends and get the word out. Thank you for making these

@garyseconomics 2 жыл бұрын

Thanks Nick! That will be great for helping to grow the channel!

@damianmurray4934 Жыл бұрын

Truely appreciated to your words. I'm from a family back in the 50~60s where mum and dad had 11 kids on a one income while paying a mortgage and keeping food on the table. Out of the 11 of us, some were lucky like three of six sisters and me and only me and my eldest bro of the five boys. You can work out the numbers but that's not looking good for our children and grandkids outcome.

@zeea6507 Жыл бұрын

New subscriber. I saw you on channel 5 Brian Cox: How the Other Half Live tonight and love how real you are. I am 32 and i am into real estate, and funds. I wish more people knew what you are saying.

@garyseconomics Жыл бұрын

Welcome to the channel!

@coffeecreamer7125 4 ай бұрын

Gary for president

@sanj_jey 3 жыл бұрын

Great explanation Gary. Nice work!

@garyseconomics 3 жыл бұрын

Thanks Sanjeev!

@GoogleuserAM Жыл бұрын

I like your video's. You explain your thoughts on this subject very well. Your comments are no different than the centuries before! Gone from royalty to parliament, but the rich remain rich and it always has been.

@hrhtreeoflife4815 9 ай бұрын

Q There's the rich. There's the poor. And there's somewhere in the middle. How 🤔 do you get rich??? Q ❤️

@ForAllLifesAdventures Жыл бұрын

Thank you, I have learned a lot from your videos and my son (18) and daughter (24) are also now so much more the wiser.

@chrisshaw8737 2 жыл бұрын

You smashed it Gary

@Chris_Carline Ай бұрын

Amazing video, so true and so clearly expressed. Keep on going with this, you will get big and your message will get out, I am sure.

@themonkeymanofStockbridge 2 жыл бұрын

Phenomenal, thankS!

@louiseshaw4156 2 жыл бұрын

Thank you so much I am very grateful to The Sunday Observer for giving me your details and story . You are a very clever human being with great communication skills and most importantly a wonderful heart . I really hope you fly and reach the masses . Up the revolution !

@louiseshaw4156 2 жыл бұрын

Ps I’ve sent your details to all friends and family and will tell people as much as I can 😉

@ricclark8162 2 жыл бұрын

well done Gary , this sounds just like my canvassing stitch on the doorstep, keep up the important work :)

@escapetowoods Жыл бұрын

This is great. Very well explained

@KyleNewton-zo1wy Жыл бұрын

FACTS OVA FEELINGS). WEALTH is the Ability to Fully Experience LIFE

@lindafogarasi3156 Жыл бұрын

Fantastic, well done 👍 I descovered Gary on Russell Brand"s channel. Thank you Gary, waiting for more videoes.

@patriciahuyler4605 6 ай бұрын

Thanks for never forgetting you're one of us.

@miko.g1 Жыл бұрын

Nice!

@ThornabyBloke Жыл бұрын

Just had my eyes opened.

@sherdorsheraliev128 8 ай бұрын

Thankn you!

@deant1986 2 жыл бұрын

Excellent and interesting

@garyseconomics 2 жыл бұрын

Thanks boss! Do consider subscribing and sharing if you like it!

@Kensho79 Жыл бұрын

Top-tier content! You have a real talent for this, glad you're enlightening us with these gems.

@iceman7975 Жыл бұрын

God bless you mate you have hit the nail spot on the head, and I don't understand f**k all about economics. But I understood you alright. You are an inspiration to the working class. Keep the videos coming.