Just economists losing their minds over Liz Truss' economics
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- čas přidán 27. 09. 2022
- Just some experts outlining just how badly the Tories have handled the economy.
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I'm vacillating between laughing and then suddenly remebering I actually live in the UK.
Hahahaha I know I do that we;re fucked
It's funny until you have to put fuel in the car or buy food. Or turn the heating on. Remember when you didn't wonder how much electricity the washing machine was using? I miss those days.
🤣🤣🤣
As terrible as the last few years have been, with all the corruption and bulls**t, watching them destroy the Tory party and it’s future at least for the next decade or so, is a small win!
Laugh to keep yourself from crying, cry to keep yourself from screaming.
I remember Cameron getting in with a coalition in 2010 and being fearful of what was in store. I never ever would have imagined the conservatives would be this bad. Its utterly insane. Every single possible opportunity to pick the worst possible choice has been taken. Wreckless wankers.
I have this feeling that Boris managed to get rid of the last intelligent Tory as he was afraid of being callenged, so there you sit with the most wortless Tory in charge.
Did that same thing not happen in the USA during Trump too.
This is more grim in a two party system with a one party government than ever in a country with coalition governments.
@@hurri7720 "This is more grim in a two party system with a one party government than ever in a country with coalition governments."
That's not unique to Britain...
Cameron did a good job by presenting himself as a moderate. But the truth was the Brexit Taliban/fundamentalists were lurking in the wings, waiting to strike. Once he went after the referendum, the party is now controlled by the hard right.
I DID - i lived through the Thatcher government - I left the UK on a long holiday in 2009 and when the Tories won in 2010 I never came back, I was not living through ANOTHER 15 years of horrific tory hell.
Best decision I ever made.
It's not wreckless.
It's deliberate.
I'm 1997 Gordon Brown made the Bank of England independent. 25 years later his actions are still working to protect the UK population from the Tories.
What the same labour party that destroyed UK banking?
@@bighands69 how did they destroy uk banking?
not a stellar PM but the best COTE in a generation
@@LRDefender80
Do you really need me to explain that?
@@bighands69 do I really need to explain that? No I’m asking you
Imagine someone told you an aeroplane was struggling to stay above ground due to the weight it was carrying, now imagine that someone has suggested lightening the plane by removing its wings. That's Trussonomics.
Now imagine putting swastikas on the fuselage and siezing the Caucasous from Russia.
@@AM-ss9he Oh it will, when everybody's starved to death.
Great analogy!...Sunak warned her in all of the debates, that her policies would be dangerous!..oh! No! Why listen to sound, advice,!!
Lol.
@@catherinekeller4230 tbh ignoring sunak's advice is usually a good idea. just not when your name happens to be "liz truss"
Two people who base their whole understanding of economics on having read Ronald Reagans biography making decisions on the seventh biggest economy. England has gone fully mental
Ronald Reagan: what happens when sociopathy has a head on collision with dementia.
ah the 9 most terrifying words in the English language- here's Ronald Reagans biography and it's here to help
Rees Mogg who thinks that the Victorian era was the golden age of workers rights as industrial relations is the business secretary
Don’t recognise this country no more. Can only laugh or cry. I myself craugh 😂😢
This is exactly what has happened in the world.
When Boris was in power I thought it couldn't get worse....wrong!
If I wasn't genuinely worried about the cost of living I might enjoy watching the Tories dig their own grave!
It's a bit like North Korea: it would be funny if it wasn't so dangerous and tragic.
@@tjenadonn6158 Even North Korea has a better leader than liz truss
@@backseatgaming9087 Their funerals when a head of state dies are more restrained and dignified as well.
@@tjenadonn6158 Funny you say that because the DPRK house their homeless whereas the UK won't even build new council houses.
unfortunately, the grave is not for the Tory MP's but it is for us.
Truss is making Boris look good . What a mess this country is in ? A complete disaster.
Boris will be pleased that he can now confidently plan his comeback....
That's what happens when you Smear Corbyn and vote Tory a complete shit show, a disaster all right, still you get what you vote for, but now you can have 2-faced lying Starmer you can trust himhahahahaha the UK is fucked
everyone said “let’s get rid of boris” and i sounded like a tory when i said no don’t, haha i was right,each pm gets worse and worse
Sooner the Russians get here the better ...if only for their cheaper petrol! 😄
There all making as much money for there bosses before they lose next general election.
Conservative’s since the beginning of time: Trust the market!
Conservative’s in 2022: Nah bro markets full of shit
Now you understand why the other half is NOT conservative. "The market" has and will always be a cassino, a riggled one in the favor of the elites. Non elite conservatives desperately want to believe: "Hey we're conservative, we're with you, in your club". No you are not. The elites string you along when you are an asset, when your money feeds their wealth, but when that reverses, you're the first to be sacrificed. Reality is bitter.
Learn the apostrophe rule.
@@corvus1238 busy day?
The free market isn't conservative though. It's liberal.
@@YorickReturns It's neither. It's a "thing" where people buy and sell things, cautiously and cosevitately or loose and liberally. The market is a thing, it's human behavior that is either conservative or liberal. Like my car, it's a thing, and I can drive it conservatively and cautiously or liberally and wildly. Both can serve a purpose where appropriate. In a school zone, drive conservatively, on a race track drive wildly.
Wow this is actually really very bad bad. What is truly amazing is that economists predicted weeks ago that huge spending and unfunded tax cuts would lead to a loss of confidence in the markets, and they just went ahead and did it anyway. Amazing.
They had enough of experts, remember.
The Tories are so good with money that's why they have it all, but they will spend spend spend our printed money and give it to there friends
not amazing when you think that they are only in it for themselves. This is not a political party in power - it's a Quango
@@hurri7720 Exactly, brexit is best of british, they dont need experts to scrutinise their claims, £350M a week for the NHS, when the NHS has been decimated.
No mention of an unprecedented sanctions war to destabilise Russia then?
"The Moron Risk Premium" lol
Imposed by the Prime Moron.
I had to skip back to check that's what he said
I thought at first it was more on.
How the hell do people this incompetent get these levels of government and pay grades? We all work ourselves half to death just to get to earn the average wage! And yet we are the lazy unproductive ones? This stream of mates from posh schools getting into government because of who they know needs to be broken.
by arse kissing and throw other people under the bus on their way up
Wouldn't it be nice if the minimum wage set by any government was also the minimum wage those in government had to live by.
Wouldn't it be nice if upon becoming a politician at what ever level, you forfeit any land assets and properties you own. And are forced to live in the "affordable housing" you promised thousands of people.
Wouldn't it be nice if you were unable to benefit from any shares you previously owned. And therfore saw no benefit in allowing business to push profits over people.
Wouldn't it be nice to have a group of leaders with no alternative motives who shared the burden of the policies they enact .
Wouldn't it be nice if just for once the people who claim to have our best interests at heart, actually did.
Get the guillotine out 😉off with their heads.
Because people keep voting for them lol
@@samprice1302 Kind of, but most people believe the media, which is controlled by the rich, we are a few steps away from having the oligarchs taking complete control.
Liz Truss already made the unthinkable: Varoufakis agreeing with the IMF lol
HAHAHHAHA
IMF economists never disagreed with Varoufakis. They had a plan of their own and goals different from Varoufakis
There is only one rule above all else. The wealthy must stay Wealthy. The economy is a distraction for the poor.
@@pramitpratimdas1071 "There was a clash [between the IMF and Varoufakis] but there was no dislike." YV
"What's the prime minister gonna say? Well, at the moment she appears to be hiding" - that really made me chuckle.
She will say : " Putin "
In any other job, there would be charges of criminal negligence at the very least.
No
Did blair/Cameron/brown/ may get tried fr tree son?
Borris get tried for killing 37 8 k people?
All she has done is cut taxes and everyone is acting like she's murdered a puppy
@@leighduxbury3864 "All she has done is cut taxes"
Jesus wept! If the BoE hadn't immediately stepped-in, numerous pension funds would have gone belly up, leaving millions with nothing left but the state pension...possibly including you. And that's before the interest rate rise which is likely going to collapse the housing market, leaving further millions with negative equity or unable to get a mortgage at all.
@@leighduxbury3864 You have no idea how much shit we're in. That's clear.
Shorting the £ is how the Tories/ Oligarchs make their money -- don't need high frequency trading if you have real insider knowledge of a major "downshift " and make bets appropriately to maximise outcomes -- same as 2008 and previous crashes
This sounds right.
The corruption is crazy: shorting the pound before crashing it, taking "donations" from relatives of corporate energy bosses and who knows what else. We need an independent investigation into this government right about now.
In fact the number of shorts was very low; most were long on sterling which explains the shock.
This is complete and utter bullshit. I trade this market.
It was all public knowledge, if you didn't short it is because you were stupid.
And lots of hedgefunds were and were long.
You can't just realize they are this stupid, or does that make you too scared and need to make this conspiracies to make sense of the world ?
£ fell about 5 points overall vs USD. That's about 5%.
It was hardly a crash or even a move you could have made a lot of money from.
The party of fiscal responsibility 🤨
They're responsible for the economy the same way that a beef farmer is responsible for their cows. Fatten it up quickly and cheaply, kill it, and sell it off to whoever will pay them the most for it.
😂😂😂😂😂😂😂😂
😂😂😂 the party of f-ing over the British people. (that said my fellows did vote for them!)
They're responsible for their mates bank accounts.
Same narrative with the [neo]Liberals in Australia. “government of good economic management” - worst record of debt and general national decline in our nation’s history.
if i lost the nation 500 billion i would expect to be inprisoned , they must resighn today
If you lost the country 500 billion you be shot;-)hahahaha
Iceland comes to mind. .
@@jordanthedovea beacon of hope in a grey world
Your acting like the money is real, it's just dots on a computer screen at this point
Rishi Sunak looks like some kind of Guru at the minute, he predicted this situation very clearly.
He is smart. He warned you. He predicted the collapse of UK economy, now everything came true what Sunak. Nobody hire people with bad background. Tarries made mistakes picked the looser. All MPs were smart, they sided with Sunak during election
Next time you can bet on Indian, 9 top CEOs are Indians. No accident
In the Hindu origins of the name, a rishi is a kind of ancient 'super-guru', so maybe that's at least slightly appropriate!
No pineapples, just no.
He had better plans to be honest. Wonder why he wasn’t elected?
Off course. Successful people make successful things. Whilst both studied the same subjects and graduated from the same institutes, Rishi also got a masters from Stanford where he was a full bright scholar. He is also a self made multi millionaire. Liz is just book smart and knows how to regurgitate stuff for exams and has no idea what its supposed to be used for whilst Rishi knows how and where to put that knowledge to use. That's the difference.
Since Friday UK economy lost £500 billion in valuation, and Bank of England is going to spend £65 billion to shore it up. What a legacy in just a few days.
Can you remind me how much the "growth" forecast of Liz Truss was, when she announced these policies?
I believe she hoped for 2.5% growth of the UK GDP which is £2.8 trillion, in the next 2 years.
Which amounts to £72 biilion.
Oops, wiped out in 72 hours !
Thanks Liz! This is just what the country needs, make us paupers whilst enriching your chums. Kwarteng might be clever but he is also an arrogant chump!
Lost $500 billion picking wrong person. UK should have picked Sunak, he was honest, he knew exactly what will happen with Liz’s plan.
Don’t understand why you guys are surprised. Didn’t you listen to Sunak during PM election.
Indian are very smart people. 9 CEOs are Indians. Those board members knows who can perform. Get rid of Liz and bring back Sunak.
@@jcpatel01, Sunak honest????🤣🤣🤣 Give me a break! Both of them are dangerous scum. It's like you have to pick between Ebola and Marburg.
UK stock market going sideways for years now and only getting worse
The PM and Chanceller must resign. We need to call a general election
They are all crap Jac;-( Starmer wants to give the electric companies 29 billion for 6 months, we are fucked
@@GlennLeinster starmer wants a windfall tax.
We need the mediocre and corrupt with red rosettes. The mediocre and corrupt with the blue rosettes have had their chance. LMFAO
@@markmewordz6860 if you want to be cynical sure, but being cynical doesn’t help anyone, unless you actually want to do something about it like organise an armed revolt
Agreed on one level, but Scotland needs a second referendum, so as not to be abused by the Tories again. Independent Scotland, a wealthy, free and united, Scotland.
We need a general election urgently
Too late the damage has been done and the tories have ripped the public off yet again.
Yes indeed. The labour party will be fantastic. Everyone and anyone with any money will leave very rapidly.
@@rogernewton7831 Diane Abbott as chancellor
@@rogernewton7831 You mean all the Greedy B******s.
@@rogernewton7831 Yes, of course - I'm just going to pull my kids out of school and move my family to a country where I'll be a foreigner, because I'm scared of paying the same tax rate I paid willingly in 2014.
Makes perfect sense.
We MUST change the constitution to ensure that NEVER AGAIN is the country saddled with the likes of Johnson and Truss on the say-so of 150k tories.
Well good luck with that one, Starmer and Truss like it just how it is, they don't want PR they will loose the power and they don't want to share that with no one
@@GlennLeinster yep, if starmer doesnt go with PR this whole shitshow gets repeated in 10 years time.
Er, we don't have one. Just a 'wonderful patchwork of ancient laws and customs' to paraphrase that wonderful old sage of the Tory party, Roger Scruton.
The people who would be writing the constitution are the morons in Parliament.
Asking them to write a constitution to fix their shittiness is hardly likely to work
WEF wet Dream , the People asking for the Great Reset !
When it came down to Triss vs Sunak, I said to everyone at work, 'holy shit, I can't believe that incompetent insane woman made it that far' never thinking she could win. None of them knew who she was or what she'd done in the past back then.
Lol I’d rather her than the most untrustworthy fucker that is Sunak
Thanks to the daily mail and telegraph who got this clown elected.
In any other walk of life incompetence of this scale would result in losing ones job. This may have been the worst act by a UK Chancellor in modern history.
Rise up People. Its the only way
We don’t need a revolution we live in a kinda free country.revolutions are never good for a country
@@jonboymk1bridgemaryfront889 he usually gets pats on his back by his mates with that sort of comments at the pub
Whereas you're bent over taking it up the arse from Kwasi, begging for more
@Jackfrost vote 🤨
How many billions of (uncapped) bonuses have the "Bankers" made in the past 2 days?
Nice timing Lizzie.
Not issue with banker bonuses. Like always yuros blame the wrong people
Sunak was so right . He will be remembered by the history as the man who could have saved UK , but alas his colour was not white enuf
Hardly. Plenty of people predicted same. He had his chance anyway.
Wasn't he the chacellor last time around... he didn't do squat :D You dont get it... they are all idiots!
@@generalsummer4727 Last time around the globe who succeeded ? - None . This time he predicted, proposed a plan and said Truss will make fool of herself and country on national television.
So the present chancellor and prime minister are not diverse but Sunak is? .. the disconnect is legendary, absolutely legendary .. and no I am not a fan of the tories but equally I do not believe in made up nonsense ..
Absolutely agree with @Roger Silva.
The Tories are like the Cenobites from the "Hellraiser" films: "You put a cross in the box. WE CAME."
If all our pensions almost just disappeared over the course of 2 days then the whole system is obviously unstable and unfit for purpose.
This can’t be allowed, reform is needed immediately before the next shock and we all end up like Zimbabwe.
Genuine question, what's your plan to side step this if it does end up like Zimbabwe?
You ARE Zimbabwe!!!
@Russ IngramOkay. But what will you do if reform is politically impossible? That's moreso my question.
Yeah, I'm not falling for that pension scam. Always sounded dodgy to me. Doubt I'll be alive to see retirement; and will I want to live in that world anyway
@Russ Ingram What does GB even produce?
Yanis Varoufakis has a really soothing voice, until you listen to the bad news he’s telling you.
When was the last time Truss gave an interview or answered questions?
When the liquor store clerk asked if she wanted a receipt.
When the chemist asked her to confirm her name for her mental health meds.
Pork market speech Munich
Does it matter if she answers questions she'll just lie and lie and lie.
'Pork markets in China' 😂
The fact that it has already been dubbed Trussonomics rather than having been acknowledged as actual economics tells you all you need to know.
Tell you what though, I'm gonna buy so much cheese with that tax cut.
''That is a disgrace''.
@@jerakala890 fear not for none of it will be imported. I live 5 minutes from Stilton which, ironically, can't legally produce Stilton cheese. But there is a good Nisa shop which probably sells at least a few types of cheddar.
I like “Trussterfuck”.
One quid is gonna get you a lot of cheese. If you're a mouse.
@@dh1380 stilton is a place? bet it smells of feet. i’ll stick to my graviera that my greek father basically smuggles from crete
No one mentions the overseas investors who hold U.K. government bonds and have seen their holdings values plummet by 20% or more because of what is effectively a sterling devaluation. A rush for the exits was entirely predictable.
the bitter irony that they were trying to attract foreign business by cutting taxes for the rich.
Could we PLEASE not vote these people back in to power at the next election?!?! 🇬🇧
And the election after, and the election after that. At least. Because currently it looks like the conservatives look for a quick loss, so that they can blame the Brexit fallout on Labour and then resume their shenanigans.
The polls show Labour absolutely walking the next GE and it's not going to turn around now. It's a zombie govt now.
Same same
Don't vote any of them in power., Unfortunately the government still gets in.. Amazing ,truly amazing..
You really think voting makes a difference?
It's wealthy vs the rest, not Conservative vs Labour.
Kwasi Kwarteng needs to resign immediately to restore order in the markets, he’s obviously completely out of his depth.
That's the plan then blame Jeremy Corbyn works everytime just ask Starmer he blames everything on Corbyn
@@GlennLeinster I blame Corbyn for allowing Johnson his GE in 2019 when a little less hubris would have allowed a government of national unity, an escape from Brexit and made him electable.
@@GlennLeinster corbyn is a putin worshipping incompetent pric k even worse than Truss. We don't need corbyn
@@chezceleste It wasn't Corbyn that permitted the GE. It was the leader of the Lib Dems. She thought her pro remain stance would get her more seats. She demonstrated planning on the level of Liz Truss and Kwazi Kwarteng.
@@richardswaby6339 They only had about 5 seats and she was as mad as a box of frogs...completely deluded...Corbyn did agree to it and it was madness to anyone without dreams of glory. I liked Corbyn but he was not a good leader and he made some catastrophic choices...I feel no attraction to Starmer but he's the only man for the job right now and I like a lot of his team.
We get what we vote for and the British gave the Tories an 80 seat majority. Give that some thought!
I keep saying the same. They are brainless. Democracy never works if the electorates are brainless, ignorant, racists, nationalist, ideologues and this is what happened with Brexit and 2019 GE
Changing the voting system is long overdue.
PR of some kind would help to avoid this constant economic turmoil .
An 80 seat majority on a turnout of less than 45% of the total vote is just nonsense. Unrepresentative democracy is producing this disastrous situation.
@@daiu48 Australia has a "preferential voting system". It can Mena, and has done so, someone who receives less than ten primary votes is elected into parliament. Not so great either.
So there's a run in the pound? Great. The Tories have a lot to answer for.
Liz truss and kwasi kwarteng will soon be the most hated people in England. 2 extremely incompetent individuals!!!
(3:50) _"I've been a f'kin' economist for fifty years..."_ 🧐
“We have enough of experts!”
This is a quote that no Brexit/Tory voter should be allowed to forget lol.
Fucking experts what do they know;-)hahahaha
Lol Yannis is literally the guy who bankrupted Greece... hardly an expert
@@leighduxbury3864 He was brought in to fix the greek economy after it went bankrupt, he didn't bankrupt greece
@@leighduxbury3864 Again, you're bloody clueless. Or working for the government. Same thing.
Tories out now!
Yeah because Starmer will only give 29 billion to the Electric companies;-( we are fucked
When it comes to a countries economy, find out what the extremely wealthy want to do in regards to taxation, spending and investment and then do the exact opposite to what they want.
True, we are not the Isle of Man, ridic!
@@y_ffordd exactly. Because wealthy people don't know anything about the economy and how to manage money. Poor people know how to manage money.
Everything that Varoufakis said would happen in his books are unfolding before our very eyes, not only in Britain in relation to its broken neoliberal economics system, but also in Italy and elsewhere in Europe with their shift to right-wing politics. We didn't address the real and underlying reasons for the GFC, the fact that the whole system failed us and needed to be overhauled, which Varoufakis so vociferously outlined and the chickens are coming home to roost now in one of the major financial epicentres from where it all emanated and collapsed in the first place.
this is now the end of the conservative party
Kwasi's face cracks me up. he always looks like he's just been caught doing something humiliating. At least now he actually has a reason to look embarrassed.
This would be funny if it weren’t so fucking awful 😢
We need a general election ASAP.
Good point. I never voted for her..
@@jameshart678 none of us did.
@@jameshart678 you don't vote for a PM
Makes the assumption the tories will lose...
@@martync6713 no assumptions made, but it's simple common sense to want to elect the person on power. Ultimately it can't be worse than this.
I just can’t believe what is happening ! It’s a complete nightmare.
All the systems are breaking down, this is no accident.
London
“Moron risk premium” is a good way to say it
In 2014 Scots were told that they should vote no to independence as voting yes would mean Scotland leaving the E.U. and that Scotland would be "Better Together" by being in the UK. How hollow does that sound now? Scotland has been dragged out the E.U. and the Westminster lot under the Tories have trashed the economy. Let's get it right next time and vote yes in 2023!
The EU is also doing shit.
I agree only as long as sturgeon is nowhere near the office. She is not fit to run Scotland
@@johnmcauley3042 shhhh. Adults are talking now.
@@douglasstewart3889 wait you think sturgeon is fit to run Scotland .
Your the kid .
@@johnmcauley3042 You’re semi literate at best, perhaps that tells its own story.
Our whole economy is an entire house of cards lol. We can’t even handle 5 percent interest rates without entire economic collapse
Same here in the US.
@@timharbert7145 the us is handling this far better than the chaos of the uk or even everywhere else in the world. stop being a doomer just because you hate biden lmao
👏👏👏👏👏👏
Yup my parents remember 15%
It's a bit more complex than just 5% rates 😂
i thought she would be more corrupt but also more competent.
half right
You are talking about politicians and the Tories wake up Sharlos
Liz Truss needs to go. A schoolgirl who shouts protest one liners is in charge of the country. She's ten times worse than Borris.
At least dumber.
Johnson was a wanker Truss is a wanker and Starmer is wanking in the corner because he has only got a little one we're fucked
Of the current 357 Tory MP's is there even one you could consider even half way competent to be an MP let alone PM?
@@austenkeith8891 Its a fair point. There are no Tory MPs in my part of the country so its moot.
we've gone from Boris to Jen from IT crowd.. its all going hill and forever will do, i think we can see where the world is going
How do people with political aspirations keep getting into positions where they can do this type of actual damage?
sadly we keep letting them in
Utterly criminal!
you get what you vote for
Ah I get it, this is Boris’s “build back better” movement. Just only for bankers.
Build bank better
Wow Boris being the safer option who would of thought
Boris: Too drunk to be dangerous.
The Queen's ultimatum: When I'm gone, I want my country to go down with me!
TORIES ARE SUPPOSED TO BE THE PARTY OF STRONG ECONOMIC POLICY LMFAO
😂😂😂😂😂😂
Well that's what the MSM and the Tories say but all of them are a bunch of low life wankers
They're basically UKIP these days.
yeah but they never have. they just say it and idiots believe them. look at the data and it shows a very different story.
She did infact NOT survive the month
"it would break like a toy, the housing market" "a rookie mistake".... these idiots aren't just playing with some shapes in the sandpit, but people's livelihood.
Interesting Liz Truss story:
One of my family is a civil servant. One of her colleagues was working with/for Liz Truss in the last couple of years. This colleague is going to pick up lunch and asks Liz Truss, do you want anything?
Truss says yes so the colleague comes back with a sandwich/meal thing. The cost was £6.99, say £7 the colleague says to Truss.
Truss precedes to something like "£6,99? Oh I actually have the exact £6.99 for you." And proceeds to dole out the exact change including coppers and not a penny more to the apparently, quite suprised colleague.
There you have it... Our Prime Minister, so generous as not to give a penny more to someone who goes out of their way to do them a favour.
How many of us would say, ah, I'll give you the £7 to save you rolling around with my change and for your effort.
Nothing in politics happens by chance, this is deliberate and engineered by design.
Na go read ‘Brittania Unchained’. Truss and Kwarteng actually believe in this stuff
No, this is a genuine f up.
Something funny going on 😉
Totally agree
Nah, they're morons, that's it.
It id the end result of partisan political thinking. It has been happening in the US for decades, now it is happening over there. Truss is willing to borrow and borrow because she isn't thinking about the nation, but the parties. The Tories are borrowing, but Labour will have to pay it back, and they can bash Labour down the road for the trouble the Tories created.
Kwarteng clearly using the ladybird book of economics
haha
Are you suggesting he's read one?
@@jimmcconville He has a PhD in economic history !! The trouble is the economic history he’s making NOW at our expense.
He is reading Economics for dummies.
@@californiadreamin8423 That is the part I can't wrap my head around. His budget made no sense and the markets have reacted as many economists predicted they might. So he's either an evil genius making millions for himself and his chums by shorting the pound, bankrupting the economy and asset stripping the country (while also committing political suicide). Or he's just completely and totally incompetent. Either way, it doesn't make a lot of sense.
I noticed that democracy in the Western world has a tendency to elect people that are good at talking and socialising, but people that do not sufficiently understanding how to run a country. Liz Truss is a typical example. Within a couple of weeks of appointment, she managed to generate such a chaotic situation in the country. The entire nation suffers. Not only that, financial crisis in UK would have a devastating effect on Europe and possibly on the whole world.
"Good at talking"?
The UK’s share of the global gdp is 2.33% so it won’t cause a catastrophic ripple effect on the world
@@randomuser5213 London is the second largest financial center in the world
Liz Truss wasn’t elected
Yes, but no one voted for her except a tiny tiny minority. Just over half of the tory members who actually voted voted for her. Not even her own MPs voted for her.
The people responsible are the Tories who voted Liz instead of Sunk. Shame of them, that color took precedence over the existence of the UK. The UK will tank the rest of the EU and the US with it. Sunak has brains and was the man of this time who could have taken the UK out of the quagmire it was in.
Sunak did not lose the candidacy because of his skin colour, he lost it because he’s an unpopular twat married to the daughter of a billionaire who sees poor people as beneath him. Whether or not he’d have been better than Truss is debatable, but don’t try to make this about race
At the time I thought Liz was the lesser of two evils but now it looks like that was Sunik, but neither of them are good people - they are Tories, ffs. Sunik is a millionaire married to a billionaire, he may not have got the UK into this mess but he still would have milked the working class to give to the middle class and the rich, as that is what they do.
"Why did you sting me?" asked the frog of the scorpion "Now we'll both drown!"
"I am a scorpion." came the answer "It is in my nature to sting you."
And the present chancellor is what colour again? .. stop been racist ..
@@krashd At the time, I thought Rishi was the lesser of two evils. He was the Chancellor for a few years and has a sound grasp of economics, which is what we need right now in the current economic environment. As soon as I saw the summaries of their economic plans, I could immediately see that Rishi had a much better plan, and that Liz's plans were not very sensible. I was hoping for a Rishi win, as he at least seemed to know how to run the economy.
Personally, I suspect that Liz used her tax cuts for the highest earners promise to buy her the votes that she needed to win the Tory leadership race. Essentially trading our economic wellbeing, in order to get herself into power.
@@krashd Rishi was a self-made multi-millionaire. Keep that in mind. He wasn't born into wealth. He built himself up into a successful person. People who made themselves successful can make other things successful as well.
The party of strong, stable leadership. The party of preserving normality and the status quo. The party of putting Britain's interests first. The party of fairness and meritocracy. The party of entrepreneurship, small business and other big society horse manure.
Whewee what a decade it's been.
"In't capitalism brilliant!" 😬
BRILLIANTTTTT
You'll not see the funny side of us all living back in caves!
@@tomtheeagle1 Ah, well you know what they say about the underground art scene. 😅
czcams.com/video/aTcQm7X_BCo/video.html
Shit like this is why everyone in my family is some shade of anarcho-socialist. The working people will have to save ourselves, as government and capital are to halves of the same cock that's been fucking us since time immemorial.
@@dh1380 "I'll get me coat..."
Rishi Sunak was spot on. He predicted this long back
He was as bad as Truss but not stupid like her I may add!
Lol Sunak don’t give a fuck married to a billionaire
I`m still getting my head a round the budget but the Treasury should own and be able to explain what they are doing to the media and public hiding is ridiculous.
I've never voted before. Now I will be voting Labour.
Great to hear.
Tell your friends, your family and anyone far and wide to do the same.
These selfish reckless fuckers have got to go.
What a waste of a vote
@@denismoorcroft4286 so who else? Labour is the only real chance of ousting the Tories.
@@denismoorcroft4286 You keep voting blue sweety. They'll bleed you dry.
Those who didn't vote share the responsibility of this mess and have zero right to complain.
The banksters have created the financial problems as they create the debt. The banksters could have prevented the economic by responsible lending.
You don't blame the drug addict, you blame the drug dealer.
Once upon a time there was a vacancy for a Life Guard. Trizz Lust (not her real name) applied for the job, even though she couldn't swim. Eventually only two candidates remained. The toffy nosed selection panel discounted the highly qualified rich Indian fellow in favour of the dumb white kid (Trizz Lust), who although was rather clueless & of course couldn't swim, had a neighbour/colleague who could swim, was big & brash & luckily knew it all. The first week in their new job disaster struck. But that story is so unbelievable & incredible, you would wonder how the bungling pair were ever let loose & allowed to drown a generation of gullible innocents. Pure fantasy, or maybe not so pure ? Just criminal ! Should have guessed what Cozy Dunt & Karzai Carcrash would be like in charge.
The one way to solve this crisis is a windfall tax on excess profits. What is it, £170billion from the oil companies alone?
Send them for basic financial education first.
Send them some fucking where
Cutting taxes will decrease govts revenue and raising interest rates will cause recession. So the govts measures are totally illogical and it's similar to Sri Lankan govts policies which brought them the present severe economic crisis. If the British govt does not reverse their policies, then Britain too could become another Sri Lanka with very Lil hope of recovery and in worse case scenario plunge to a point of no return. Beware 😏😒😒
They also have to borrow more to cover lost revenue from the taxation.
Hence the next generation being more screwed.
Actually lowering taxes increases revenue through increased consumer spending
@@leighduxbury3864 not when ur currency is worthless
@@leighduxbury3864 weaker currency=less buying power resulting in less gov. income
You don’t think europe is in the same boat? LMFAO
Its an achievement of sorts this government has United the country in condemning their economic plans
Is this what Karl Marx was referring to when he foresaw the crumbling of capitalism for falling more and more into capitalist greed? In a certain way it also reminds me of the end of soviet times when it also became clear that there wasn't much margin to save and transform from socialist heritage. It definitely feels like an end game.
Indeed. I believe Marx said the state would 'wither away'.
No lol
Who voted for this Gov cos I haven't?
Grandad Granma and the poor
No one, we don't vote for governments, we vote for parties and they chose the government. Which is ironic as Tories like to call the EU leadership unelected. That one always amuses me.
I would like to ask my government to please stop this "hold my beer competition" we seem to be having with the US at the moment.
We do not need to be taking part in drinking competitions with our younger siblings. We're just not up to it any more..
Hahaha
Excellent comment
We’re all fucked, aren’t we?
Rushi warned Conservatives but they failed to listen. Where are Tory MPs?
They're fleecing the treasury before the next general election.
No such thing as Liz Truss economics, she just wants to feed the rich and benefit herself.
She clearly has a love of money and the high life.
And by the way, like Liz Truss, you don't have to be an economist to see what she is doing.
Just when you think Boris is bad, along comes liz truss to prove u wrong
Time for Eddie Dempster and the Enough is Enough campaign to take over as a new Labour.
UK was laughing when the government sanctioned Putin , Putin is laughing at UK now :))))))))))) Tables turned around :))))))
Bet Boris plotting his comeback
This is what is worrying.... Imagine him pinching his chubby little cheeks. Genuinely fucking terrifying...
@@ianbutler8776welp if it’s him or liz “destroyer of feta” truss… you know what i’d rather just kill myself now that i think about it
When Yanis says it , then just believe it !!
Everyone is taking except the government? Where are they?
Remember "Chaos with Corbyn"?
Awkward.
The party of "fiscal responsibility" and their right wing media always say Labour will take us back to the 1970s. At this rate under this disaster capitalist 13 year Tory regime, we'll be going back to the 1800s.
Calling The UK An Emerging-Market Is No Longer A Joke
The UK’s progression toward emerging-market status is moving so fast
All currencies except the US dollar are acting as emerging market currency .. big big big crash incoming .. massive crash coming all around the world .. irrespective of political leanings ..
starting to look like a heist ?
Biggest case of financial fraud since Madoff.
"Moron risk premium" - I'm keeping that one! 😆
3:52 🤣🤣🤣🤣
You know you've messed up when an economist starts swearing
Seriously, does this country even have a enough in the tank yo recover from this?
Yeah we can just print the money and leave that shit for the young to pay off, or have nuclear war with,,,,well pick any country it will be all over in an hour
After Liz, Boris is gonna look like a serious legend 🤣😂😅
The bar is so low, it's in Hades.
"I have never seen such raging incompetence, ever". Pithy and devastating.
I told the plan will fail huge when they first revealed in their house of commons which was almost a week back, told them through twitter and CZcams and the truss supporters said it will not and here we are. Now this is going to continue to an another level which is going to be more disastrous in the coming months as the winter is coming.