The Rich Will Bankrupt Us All - Garys economics

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Gary Stevenson is a former city trader who made millions from betting on growing inequality. With his RU-vid channel he now campaigns to end the very thing he made money from. He warns that if we don't tax the super rich, wealth inequality will continue to increase, leaving the majority of us much worse off.
Gary's written a book called ‘The Trading Game: A Confession’ about his experiences in finance. You can order it here: amzn.to/3SJGXeM
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Disclaimer:
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
Chapters:
00:00-00:49 - Intro
00:49-05:57 - Obsessed with money
05:57-13:12 - Unfair advantage
13:12-18:46 - Top trader
18:46-19:39 - Unbiased ad
19:39-26:14 - Throw away your economics textbooks
26:14-32:41 - Growing wealth inequality
32:41-35:55 -What has happened to living standards?
35:55-36:31 - Sensate ad
36:31-46:43 - Tax the rich
46:43-50:45 - What happens if we don’t?
50:45-54:28 - How rich are the rich?
54:28-59:25 - Who is the real capitalist?
59:25-01:04:41 - Betting on growing inequality
01:04:41-01:11:46 - Act now

Опубликовано:

22 июл 2024

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Комментарии : 1,5 тыс.

@MakingMoneyPodcast 5 месяцев назад

Just a warning there is swearing in this video. It may not be suitable to watch around children.

@nickedwards6748 5 месяцев назад

Interesting so far although video would be half a hour without the f bombs

@rossmacintosh5652 5 месяцев назад

I guess I was really engaged in the discussion. I didn't notice any swearing.

@thesargs 5 месяцев назад

The swearing makes it good

@jakebest5601 5 месяцев назад

Swearing shows how passionate Gary is about this subject

@Abdul_Rahman86 5 месяцев назад

Swearing and bluntness is an effective way to get a point across. Better than a patronising politician who uses fancy jargon. Business is blunt

@FudgeMonkeySmurf 5 месяцев назад

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, RU-vid 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. 👍

@lagringa7518 5 месяцев назад

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. 😡

@MRW515 5 месяцев назад

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.

@hannah60000 5 месяцев назад

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!

@henghistbluetooth7882 5 месяцев назад

@@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 RU-vid 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.

@steveinstamford 5 месяцев назад

I think he's referring to all the other taxes we pay which equates to 50% not necessarily from his pay

@scottc123fish 5 месяцев назад

The best Gary Stevenson interview ever. This needs to go global.....

@davidpowellseattle Месяц назад

It is....

@adamcarter2979 Месяц назад

F’ing right it has

@patricksachs3655 16 дней назад

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.

@montyloads 5 месяцев назад

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 👏

@tituscrow4951 5 месяцев назад

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.

@CC-hx5fz 5 месяцев назад

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.

@goych 4 месяца назад

@@CC-hx5fzas Gary says we’ve all been brought up to believe that this is all we’re capable of! I say no!

@CC-hx5fz 4 месяца назад

@@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.

@goych 4 месяца назад

@@CC-hx5fz 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

@sedgieroobets 5 месяцев назад

The Oxford economists were 'so bad they didn't even know they were bad' 😂😂

@danielbtwd 5 месяцев назад

Dunning Krueger effect.

@briskyoungploughboy 5 месяцев назад

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.

@darrylbrookes2780 5 месяцев назад

@@danielbtwd whos she ?

@sichambers9011 5 месяцев назад

Rich pricks don't even need to be good.

@OhAwe 5 месяцев назад

@@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.

@tituscrow4951 5 месяцев назад

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.

@jacquiollard8784 5 месяцев назад

multi generational family homes - dont put grandma in a home

@paulbrown5839 5 месяцев назад

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_Now 5 месяцев назад

@@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.

@davidwestwater2219 5 месяцев назад

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.

@sak079 5 месяцев назад

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.

@Msuprewicz 5 месяцев назад

Played the Oboe at the Royal Albert Hall 🤣that killed me!

@Patrick-jj5nh 5 месяцев назад

Really is shit like that... or member of the UN youth council...

@manflynil9751 5 месяцев назад

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.

@jakebest5601 5 месяцев назад

Damien, Ramin and Gary are my 3 top finance/economy RU-vidrs in the UK. This link up has made my evening!

@_Andy_A 5 месяцев назад

Same here. I think a Gary Ramin crossover would be pretty entertaining.

@zidermakesispooky 5 месяцев назад

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_36 5 месяцев назад

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

@keithcommins 5 месяцев назад

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.

@hilarygibson3150 5 месяцев назад

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

@silvafox7719 5 месяцев назад

@@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.

@silvafox7719 5 месяцев назад

@@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!

@grahammarsh440 5 месяцев назад

I wasn’t aware of Gary until this video, fantastic human being! Great video, guys

@rajjai 5 месяцев назад

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

@cal9784 4 месяца назад

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 RU-vidr. Aye right.

@nonefvnfvnjnjnjevjenjvonej3384 2 месяца назад

@@cal9784 nice to see he is already being attacked by the right. which means his message is working!

@James_36 2 месяца назад

@@cal9784 he is a total grifter, noticing there are millions of gullible young desperate fools on YT waiting to be suckered in

@jintz2 2 месяца назад

He’s an excellent grifter; peddling communism while being a hardcore capitalist himself!

@Jay-xr3sb Месяц назад

@@jintz2at the heart of the GFC

@verdebritanica 5 месяцев назад

Thank you for inviting Gary in. I've been greatly influenced over the past year into political action due to him.

@banksarenotyourfriends 5 месяцев назад

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 :)

@rjScubaSki 5 месяцев назад

Sasha would kowtow within 30 seconds

@Patrick-jj5nh 5 месяцев назад

If you live in this economy and you are not angry, you are not paying attention.

@hilaryporter7841 5 месяцев назад

That is a brilliant idea.

@penderyn8794 5 месяцев назад

He's not angry .... As an upland Welshman he seems quite chill Celtic rage is a different beast 😂

@tinachristine4573 5 месяцев назад

Do you know the meaning of anger? He's simply passionate about his message but not angry at all

@najdr 5 месяцев назад

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.

@ss12speed 5 месяцев назад

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

@DeputyChiefWhip 5 месяцев назад

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.

@joshgolo 5 месяцев назад

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.

@8G00SE8 5 месяцев назад

@@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_36 5 месяцев назад

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

@jordy46682 5 месяцев назад

@@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...

@Whayles 5 месяцев назад

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.

@pasqualeperri5661 3 месяца назад

Financialised economy and financialising of housing

@arindamchatto41 4 месяца назад

Gary is the legend. We need to support him achieve his goals or we are doomed.

@ThePalsta 5 месяцев назад

If Gary started a swear jar he could solve the UK poverty crisis in a couple of afternoons.

@user-sh1qm3ux8g 5 месяцев назад

😂 lol 😅😂

@k.avilla8061 5 месяцев назад

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_man 5 месяцев назад

I'm a potty mouth, and he impressed me 😂🤣😂🤣

@metalhead2550 5 месяцев назад

Ha, you can always tell when he's off script and passionate about what he's talking on

@toiletrollholder 4 месяца назад

His persona is why the middle class wouldn't take him seriously. He needs to go into The Jungle show to gain popularity. Although he isn't telling the whole truth but it's a start.

@markwildphotography 5 месяцев назад

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_36 2 месяца назад

what facts? this grifter has spouted nothing but total nonsense

@markwildphotography 2 месяца назад

@@James_36 Read his book.

@LJ-MMA 29 дней назад

@@James_36elaborate...

@phililsley7408 5 месяцев назад

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.👌👍👏

@andrewnoone9016 5 месяцев назад

Absolutely amazing - this should be played in every school & college, to expose the truth to the younger generations. Brilliant content as always

@redv0472 5 месяцев назад

I watched this whole thing, feeling much more educated and aware, thanks all👏👏👏👏👏

@beatonthedonis 5 месяцев назад

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.

@monkeyseemonkeydo432 5 месяцев назад

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

@tombojumbo 5 месяцев назад

@@monkeyseemonkeydo432 I think the point was that they could afford all that on a manual labor salary. Now that would be completely impossible.

@monkeyseemonkeydo432 5 месяцев назад

@@tombojumbo lol…I know…I was actually joking

@jamesgeorge8915 5 месяцев назад

@@monkeyseemonkeydo432don't give up your day job mate. Lol

@monkeyseemonkeydo432 5 месяцев назад

@@jamesgeorge8915 lol …I wish I could…cant afford to..working day and night

@AviKhali 5 месяцев назад

I needed to hear this. Thank you for inviting this honest person

@oskarkozak1278 5 месяцев назад

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?

@johnrhodes3350 5 месяцев назад

Algorithm

@goych 4 месяца назад

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!

@garybradley2171 5 месяцев назад

Thanks to you both for all the understanding and experience you share.

@imbarmstrong 5 месяцев назад

Oh wow, you've got Gary! I'm seriously going to enjoy this one!!! Nice one guys.

@benedict-4965 5 месяцев назад

same I did the whole 70 minutes easy

@adrianellis2433 5 месяцев назад

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

@Abdul_Rahman86 5 месяцев назад

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.

@nowisgodinyourlovelylife717 5 месяцев назад

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_Stuff 4 месяца назад

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_Rahman86 3 месяца назад

@@Al_Does_Stuff in the army maybe. In the NHS no! You retire at 65. Right now I’ll retire at 57.

@Al_Does_Stuff 3 месяца назад

@@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

@mooremoneymakin 5 месяцев назад

Been waiting for this one! Great podcast as always and looking forward to the movement building...

@Marenqo 5 месяцев назад

Yay, really looking forward to this one! Love Gary's work! Share the same background, inner city grit. So familiar

@YorkshirePork 5 месяцев назад

Are you a roadman?

@Marenqo 5 месяцев назад

@@YorkshirePork are you farmer?

@dp3218 5 месяцев назад

This should be a compulsory listen for the entire nation

@davidwatsonpodcast 5 месяцев назад

They should teach this at schools.

@mattyn870 5 месяцев назад

Share the shit out of it

@Roog1111 5 месяцев назад

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.

@Sa-hi5nq 5 месяцев назад

First time on your channel because of Gary (following him since covid). Thank you all.

@mattsennett 5 месяцев назад

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!!

@cinema104 5 месяцев назад

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.

@edc1569 4 месяца назад

Us economy is doing a lot better than the UKs

@youknowkbbaby 4 месяца назад

@edc1569 how so?

@shanon72327 3 месяца назад

Peter Joseph discusses this issue too. He has directed a few documentaries about it.

@Kazi2812 5 месяцев назад

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.

@Boingyuk 5 месяцев назад

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. 👍

@Oldmanpeace 5 месяцев назад

Always have time to listen to Garry. Never have a problem with swearing when it comes from the passion to help people.

@emmamusic4600 5 месяцев назад

Brilliant video Damien! Fantastic choice getting Gary on 😊

@JackSmith-os8nm 5 месяцев назад

This is quite a shocking conversation when you think about it. The situation is grave.

@JC-qf1jd 5 месяцев назад

great chat here - such a great perspective from Gary. Good job all

@philth7587 5 месяцев назад

Great chat! I'd never heard of Gary but will sub to him now.

@ianwhittaker3041 5 месяцев назад

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 🙂

@3kg_tangerine113 5 месяцев назад

Really enjoyed this conversation, super insightful! Keep up the good work! 👏

@wiggy1066 5 месяцев назад

i would like Gary to be our MP regarding finance. Gary is a warrior. thank you Gary.

@colinherr8011 5 месяцев назад

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.

@keithcommins 5 месяцев назад

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?

@blueslsd 5 месяцев назад

Superb interview with Gary He's really pissing off the wealthy!!!!!

@kenrehill8775 2 месяца назад

They’re not listening to him, they don’t watch RU-vid and sadly he has no power.

@chumabanjwa4662 5 месяцев назад

Gary is a breath of fresh air in this God foresaken world! He dropped so many gems in this interview.

@WilliamAhlert 5 месяцев назад

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.

@aliruane 5 месяцев назад

Gary is a legend. Thanks for this, it’s fascinating.

@Npwn 5 месяцев назад

Age of empires the one, Wolololololoooo! Top finance heads together in one video what a treat thanks guys

@peterr.7641 5 месяцев назад

This guy is amazing. We need more of Gary in this world.

@ThatGuyWierd 5 месяцев назад

Very articulate and making the points that need to be made. Only divided are we conquered, and we are most definitely divided

@davec3974 5 месяцев назад

"I'm right when I make predicitions." Anyone who makes such a bold statement in the field of economics cannot be trusted.

@davec3974 5 месяцев назад

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.

@vulgartrendkill 5 месяцев назад

It's not hard. The current lot are either absolutely clueless, or worse tanking the economy on purpose.

@benedict-4965 5 месяцев назад

economics isn't trading. This guy isn't giving financial advice, his makes economic predications

@jakebest5601 5 месяцев назад

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

@jordy46682 5 месяцев назад

Then in the next sentence told a story about how he lost 8 million in a day... 😅 #predictions

@vulgartrendkill 5 месяцев назад

Love Gary, great episode everyone. 😍

@sanjanadeb2957 5 месяцев назад

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

@barking_mad6649 4 месяца назад

You, Gary and other relevant RU-vidrs should form a collective to push this into the public consciousness. It needs a movement that's hard for individual people writing to their MP to do.

@TheMrChugger 5 месяцев назад

OMG, another one of my favourites on this channel, so happy to see this!

@easytoassemble54321 5 месяцев назад

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_36 5 месяцев назад

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?

@keithcommins 5 месяцев назад

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.

@redskyatnight123 5 месяцев назад

The useful idiots

@greenbucky 5 месяцев назад

Amazing guest, he has a gift for explaining the complex to simplicity.

@095daz 4 месяца назад

Always watch Gary Economics RU-vid channel as well as this one both first rate with excellent advice and analytics.

@fighne 5 месяцев назад

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.

@lornaprince8123 5 месяцев назад

Really informative. Huge thanks to you 3. I've seen some of Gary's RU-vid films. Good stuff. I think normal folks struggle to conceptualise real wealth. What multi millions look like in their accounts. I can't think what that would look like. So it's like it's not 'real'. Also I think the concept of 'an inconvenient truth' kind of kicks in. The middle class, who pride themselves on thinking themselves achievers and wealthy don't want to hear the reality.

@curmudgeon1933 5 месяцев назад

Especially as those who disseminate the news are careful to tell the middle-class that taxing wealth will take their hard-earned money... and waste it on lazy benefit scroungers. In reality a majority of their taxes go straight to those who are already uber-rich.

@tinomutasa5371 5 месяцев назад

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.

@kinggeoffrey3801 2 месяца назад

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.😂

@chilldude30 5 месяцев назад

I found him a few months ago, and I think he does a good job expressing his analysis. And I think for most people it is self evident that he's right

@DzzO 3 месяца назад

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.

@hilaryporter7841 5 месяцев назад

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.

@teewillson5599 5 месяцев назад

Loved this episode and pre ordered the book - kinda felt bad it was through Amazon

@louisemartin7728 4 месяца назад

Try Abe Books instead

@gusgilder2796 4 месяца назад

I've now watched four recent interviews with Gary and I think this is the best. Good work boys!

@chrisfuller5280 5 месяцев назад

Thank you. That is quite possible the best content I've seen here. Thought provoking!!!!

@jamesbailie8647 5 месяцев назад

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!! 🫡

@reavenous4626 5 месяцев назад

Gary speaks so much sense it's unreal, his book is gonna slap

@timq8470 5 месяцев назад

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.

@savingsavioursinvestments 5 месяцев назад

I always had an issue with swearing. I have overcome a little bit! Now when I swear (rarely) I feel liberated 😂😂😂 That was lots of swearing though 😮😮😮 Good video!

@martinanderson848 5 месяцев назад

Brilliant podcast .. book op re ordered Gary 👍

@red4070 5 месяцев назад

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.

@flakieflake9616 4 месяца назад

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.

@leegregory756 5 месяцев назад

Excellent guest, keep up the good work mate

@Hambo04 5 месяцев назад

Love the work Damien and Gary do, so to see these two on the same podcast is so cool.

@mikeontherock 5 месяцев назад

Book ordered, look forward to a good read

@James_36 5 месяцев назад

congrats, you have successfully been fooled, if this guy is so rich, why the need to push a socialist crapshoot of a book? he is lying through his teeth

@thesargs 5 месяцев назад

Thanks for this Damien

@tasniacho26 5 месяцев назад

Glad the cash flow point was brought up again

@willmorris5356 5 месяцев назад

Brilliant episode. Gary is an absolute legend and I look forward to hearing more of him as his influence grows!

@TheBurdenOfHope 5 месяцев назад

I love Gary, his opinions and his channel. Amazing collab ❤

@pedroluzio6250 5 месяцев назад

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.

@Polkadot2 4 месяца назад

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-ou7tu 4 месяца назад

Labour under Starmer are a continuation of the Conservative party under Sunak.

@onlyme1210 4 месяца назад

I love this chap for explaining economics to regular people who can't really imagine the world of the super rich like me 💰💰💰

@jobl5505 5 месяцев назад

What a great riveting interview , two of my favourite personalities. Great chemistry both with a passion for their subjects / life experiences.

@t-zero8880 5 месяцев назад

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.

@trustwithin7188 5 месяцев назад

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 ;)

@jayy9390 5 месяцев назад

Oohh yes my 2 favorite RU-vidrs in the same video 🙌

@VZweightlifting 3 месяца назад

Hi Gary. Great interview. Towards the end you mention about "ordinary people caring about one another...". I think there is so much polarisation going on, be it on political, ethical, religious or other grounds that it's very hard to see how we will all compromise with one another.

@frankiew6687 5 месяцев назад

Thank you for this episode 🙏

@troyfletcher1990 5 месяцев назад

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?

@IntoMotivate 2 месяца назад

I enjoyed the book but something about Gary is sketchy. JB from the book has said he was never the top trader and actually Citi bank were looking after him and he was just mentally unwell, it’s kinda believable. He doesn’t offer up any resolutions for the problem he consistently talks about.