Feynman received a Nobel Prize in physics. His most famous quote is: “Science is the belief in the ignorance of experts”. I never forgot this during C-19 and when they were pushing the hideous clotshot. Never took it, have no time for these ignoramuses.
You guys ought to do your homework. Reeves went to New College, Oxford and studied PPE. Just because a politician elite has been to Oxbridge (although surely Cambridge would be happy she didn't get in) doesn't mean that they know anything about the real world, business, the economy or even their own subject of study. The fact that someone of supposed intellectual pedigree has manipulated their CV speaks volumes about their integrity and, sadly, the fact that someone thinks that this is necessary in order to attain acceptance among their peers should be a warning flag. The fundamental issue in Britain has been brewing for nearly a century and that is the class system. We will now see the results of the failures of such things as an education policy, system of government and law, its administration and structure from the top down to local councils etc. What a shame.
Well said. Most Oxford PPE students of the past always dropped the philosophy after the first year ….. PPE was seen as a passport into politics, nothing more.
The PPE qualification has turned out to be THE characteristic to identify a dud. Unfortunately for us, the Civil service and political elite, seem to use it as their primary selection criteria.
3 accountants interview for a position at the Pentagon. The DOD boss asks the first interviewee what is 1+1. The first person says 2. The same question was asked to the 2nd person. Same answer...2. The question was then asked to the 3rd person. The person says "what do you want it to be ?" The boss says "YOU'RE HIRED ! "
UK has recently found a £20 billion black hole! If £20 billion can suddenly appear and disappear then UK deserves to become a third world country due to its poor fiscal management.
The US has a more than a $20 trillion black hole. Rumsfeld announced that almost $3 trillion missing on 9/10/2001. The next day a missile blew up the Pentagon exactly where auditors were searching for the $. That date was 9/11/2001. Despite 40+ video cameras focused on the exact spot hit, the FBI seized all video and has illegally withheld all videos for 24 years. Move along, nothing to see here.
More government money printing and employment following the USA model next. Response..... gold and silver prices rise as Gilt confidence declines, and pound devalues.
The government prints bonds, sells the bonds to the banks, the BOE buys the bonds from the banks. The central bank prints money (creates money out of thin air) to buy the bonds.
"The Bank of Japan will buy any and all bonds issued by the Japanese government", Shinzo Abe, Dec 2012. And now you know the rest of the story. P. Harvey.
SORRY BUT WE,,USA,, ARE DECOUPLING FROM BRITISH RULE..ITS A MUTUAL DECOUPLING..GO DOWN THE RABBIT HOLE ITS VERY INTERESTING..MY GRANDMA CAME HERE FROM BRITIAN DURING WW2 SO IM YOUR MY KIN,LOL, LOVE OLD BRITISH COINAGE .....
I get your point, but I think it happened earlier. The 1914 to 1918 war. A war that was the beginning of the end for the Empire and Great Britain. We have been in decline ever since.
Disagree with Clive, Reeves is not an economist, she should never be in charge of a Nectar card let alone a nations finances. She said recently the pound was strong, that was when it was hitting new record highs against gold.
Having a degree does not make you intelligent Clive. It means you have a good memory and managed to retain and write down that information at a later date.
neither is the whole government more interested in downloading child porn it seems.no wonder we are up to our necks with compromised idiots,wealthy ones at that.
Thats nothing, one trillion every three months in USA. WERE SO PROUD. TRUMP WILL HAVE TO SPEND $ FOR OUR GRID BIDEN HAS DONE SO MUCH DAMAGE. WITH CARTERS DEATH HE WILL NO LONGER BE REMEMERED AS THE WORSE PRESIDENT, BIDEN WILL GET THAT RECOGNITION
29:28 I remember the UK sugar shortages in 1974. I would go to buy our family's weekly allotment of sugar from Sainsbury's supermarket, where we would be limited to how much we could buy at a time. I made a point of noting at that time that 1kg of sugar was 37p and 1 Imp. gallon of 4-star leaded petrol was 37.5p. Today 1kg of sugar is £1.10 and 1 Imp. gallon of super unleaded petrol is about £6.60. Prior to this turmoil in the supply of imported goods from the global markets, sugar cost 7p to 10p per 1kg in 1973. Petrol shot up to between 49p and 55p in 1974.
I'm one of the old people that remembers the term "Bond Vigilantes" from the 70's. ie what happens if the Fed lowers rates and there is a shortage of debt/treasuries buyers. Fed loses control of interest rates? ie supply of debt issuance is greater than willing buyers ....investors demanding higher interest rates than fed fund rate. Game over for the Fed? This would be a good subject for one of your next video. You younger guys have some history to learn about the debt markets of old. I've personally benefited from following Sandy Barclays trading tactics, amassing 13 bitcoins in a short two-month period, I just trade than hold on a Future I am not sure about....
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
Morning Guys. Did you hear the BBC today. They had on ex-Deputy Gov. on. Attempting to explain/excuse for what is happening. Worth listening to. Thanks for a great week on content.
Best move for business owners in England is to sell convert the fiat to gold and hand it to the next generation without paying any taxes/getting robbed
Clive is my favorite guest that you have on mario. Good morning, clive & Mario. hope you have a safe haven for us today because even if we win .the losers won't be able to pay the winners, and the governments will take the money in limbo stuck in the markets and financial firms
In a government collapse, what would happen to the Defined benefits pension (local government) whereby an annuity is already being paid out Would it be honoured as insured I wonder?
Good morning gents from the non golfing climate of Scotland. Looking good. Very interesting times eh, you couldnt make it up but you could predict it all, keep stacking.
Some of the gold acquisition issues with banks have been removed by innovations such as Kinesis, where ownership is transferred instantly. The option to sell it for fiat is instant (assuming the banks are functioning), and the conversion and delivery in physical bars is an option that, yes, takes time and could take longer during periods of high demand, but at least is owned by you and held in your name during the entire process.
Inheritance Tax (IHT) anything over £2m you now lose £1 at the rate of £2 of your IHT allowances. Therefore £4m estate will be taxed at 40% on every penny!
French government taxes on selling GOLD coins: TMP 11,50 per cent plus TPV 36,20 per cent reduced by 5 per cent annually from second year. Clive Thompson advising long-term GOLD ownership; good advice for buyers in France.
From 1970 to Sep. 1980 the gold price rose as 10 year bond yields rise. In other words gold and the 10 year yield rose together. The exact opposite occurred between 1985 and June 2020. In other words, gold rose while yields fell. Since June 2020, the 1970s pattern has resumed. Why ? What has changed this fundamental relationship that flip flops about every 40 years?
inflation will rise strongly if the BoE restarts QE - if they are serious about their stability objectives then the BoE must absolutely avoid QE and monetising the debt
If the BOE buys the LT bonds from the primary dealers - quantitative easing - the LT bond rate may rise further as the market anticipates more inflation and increased economic growth. This phenomena is what happens in the USA, why would the UK be any different?
“Never confuse education with intelligence, you can have a PhD and still be an idiot.” ― Richard P. Feynman
Absolutely TRUE!
YES, there are a lot around! micky mouse degrees😊
and, since when were educated people all considered trustworthy?
The Fed has 1000's, enough said.
Feynman received a Nobel Prize in physics. His most famous quote is: “Science is the belief in the ignorance of experts”. I never forgot this during C-19 and when they were pushing the hideous clotshot. Never took it, have no time for these ignoramuses.
You guys ought to do your homework. Reeves went to New College, Oxford and studied PPE. Just because a politician elite has been to Oxbridge (although surely Cambridge would be happy she didn't get in) doesn't mean that they know anything about the real world, business, the economy or even their own subject of study. The fact that someone of supposed intellectual pedigree has manipulated their CV speaks volumes about their integrity and, sadly, the fact that someone thinks that this is necessary in order to attain acceptance among their peers should be a warning flag. The fundamental issue in Britain has been brewing for nearly a century and that is the class system. We will now see the results of the failures of such things as an education policy, system of government and law, its administration and structure from the top down to local councils etc. What a shame.
I am a Brit and I couldn't agree with you more.
Well said. Most Oxford PPE students of the past always dropped the philosophy after the first year ….. PPE was seen as a passport into politics, nothing more.
The PPE qualification has turned out to be THE characteristic to identify a dud. Unfortunately for us, the Civil service and political elite, seem to use it as their primary selection criteria.
@ spot on. Even Oxford colleges laugh at the PPE degree now.
Hear! Hear!
20 billion black hole… must have the same accountants as the pentagon.
LOL
The Donald Rumsfeld school of criminality
@@frederickmuhlbauer9477 LOL
3 accountants interview for a position at the Pentagon. The DOD boss asks the first interviewee what is 1+1. The first person says 2. The same question was asked to the 2nd person. Same answer...2. The question was then asked to the 3rd person. The person says "what do you want it to be ?" The boss says "YOU'RE HIRED ! "
Rumsfeld announced $1T was unaccounted for at the Pentagon on 09/10/2001!
UK has recently found a £20 billion black hole! If £20 billion can suddenly appear and disappear then UK deserves to become a third world country due to its poor fiscal management.
lol become
The US has a more than a $20 trillion black hole. Rumsfeld announced that almost $3 trillion missing on 9/10/2001. The next day a missile blew up the Pentagon exactly where auditors were searching for the $. That date was 9/11/2001. Despite 40+ video cameras focused on the exact spot hit, the FBI seized all video and has illegally withheld all videos for 24 years. Move along, nothing to see here.
They piss away 20 billion on batshit projects before lunch. The hole is Grand Canyon sized and 20 billion is a puddle.
you dont know just how much ,my mental health improves...with those two words...."Government collapse" FANTASTIC ! keep it up.
Exactly
Well, get ready for CHAOS. You ain’t seen nothin’ yet!
More government money printing and employment following the USA model next. Response..... gold and silver prices rise as Gilt confidence declines, and pound devalues.
The government prints bonds, sells the bonds to the banks, the BOE buys the bonds from the banks. The central bank prints money (creates money out of thin air) to buy the bonds.
@@peterp581I know it’s pure brilliant 😂
"The Bank of Japan will buy any and all bonds issued by the Japanese government", Shinzo Abe, Dec 2012. And now you know the rest of the story. P. Harvey.
Good day!
The UK are changing their National Anthem to "God Save The Pound"
😂😂😂
Have a look at all countries like the eu €1.03 against the dollar I remember it was 1.81 , yuan rupee won etc etc crashing faster then the pound tbh
Jealous Hater.
@@imbonkers3629 Temporary because of the bullshit “war”
Nah ... "Keep the Red Flag Flying" more like.
@@imbonkers3629
But who has the majority of Gold & Silver???
We got captured by the Global American Empire in 1945 and never broke free.
SORRY BUT WE,,USA,, ARE DECOUPLING FROM BRITISH RULE..ITS A MUTUAL DECOUPLING..GO DOWN THE RABBIT HOLE ITS VERY INTERESTING..MY GRANDMA CAME HERE FROM BRITIAN DURING WW2 SO IM YOUR MY KIN,LOL, LOVE OLD BRITISH COINAGE .....
I get your point, but I think it happened earlier. The 1914 to 1918 war. A war that was the beginning of the end for the Empire and Great Britain. We have been in decline ever since.
@@JohnChristopherTonks-e7d ITS SAD IM SORRY
India wants her $45 plus trillion dollars from UK
Try seeing the reality which is the Globalist Oligarchs' fascist system!!
"Rachel from accounts" Least we have laughter although that seems to have been taxed too!
Disagree with Clive, Reeves is not an economist, she should never be in charge of a Nectar card let alone a nations finances. She said recently the pound was strong, that was when it was hitting new record highs against gold.
Record lows against Gold you mean
Dear China, I know we keep on saying very bad things about you, as the US tell us too but, could you PLEASE PLEASE fill our begging bowl ??????
China as enough problems of their own 😮you would think she would know that
Gold has just hit another new high here in the UK. Silver still remaining stable but could easily begin to rise if gold continues its journey upwards.
The UK debt grows at 5170 pounds per second according the UK debt clock. !!!!!!!!!
Morning Mario and Clive. To beg the Chinese to buy UK debt? I'm sure that will work out well. Great speech from Rubert Lowe in the Commons re QE.
Absolutely right, this guy should be Prime Minister, and if not, the Chancellor of the Exchequer.
Rupert Lowe ???
Oh dear watch his ineptitude at trying to get a 10minute rule bill the other day..embarrassing does not do it justice
Worked out so well for Janet Yellenstain right
Having a degree does not make you intelligent Clive. It means you have a good memory and managed to retain and write down that information at a later date.
Exactly
Me smiling and nodding as the world burns. I gently pat my stash of gold coins and take a sip of my tea.
Soon as that guy spoke well about reeves, he completely discredited his opinions
Yup agree
Fair comment
Clive uses LinkedIn. That is where her résumé was. He lives in Switzerland and has very general knowledge now about the UK.
I will give Clive the benefit of the doubt, he seems a decent person. So looks like he did a quick search on her, but Mario kept him right!
He also advised to buy Blackrock stock, and they're the enemy of Mankind! The love of money (at any cost) is the root of all evil...
I'm doubtful Rachel Reeeves is a Chartered Accountant!
An Unchartered Accountant, or just unaccountable.
Gone to China
Clive: Rachel Reeves is not intelligent.😂
neither is the whole government more interested in downloading child porn it seems.no wonder we are up to our necks with compromised idiots,wealthy ones at that.
most of these political "leaders" are actually quite sharp, they are just corrupt and very adept at lying
Debt clock went up by 300 billion after new year.
Nobody notices anymore or cares obviously
Thats nothing, one trillion every three months in USA. WERE SO PROUD. TRUMP WILL HAVE TO SPEND $ FOR OUR GRID BIDEN HAS DONE SO MUCH DAMAGE. WITH CARTERS DEATH HE WILL NO LONGER BE REMEMERED AS THE WORSE PRESIDENT, BIDEN WILL GET THAT RECOGNITION
Rachel Reeves intelligent? ...clearly my alarm clock failed to go off this morning and I'm still dreaming / in a nightmare.
29:28
I remember the UK sugar shortages in 1974. I would go to buy our family's weekly allotment of sugar from Sainsbury's supermarket, where we would be limited to how much we could buy at a time. I made a point of noting at that time that 1kg of sugar was 37p and 1 Imp. gallon of 4-star leaded petrol was 37.5p. Today 1kg of sugar is £1.10 and 1 Imp. gallon of super unleaded petrol is about £6.60. Prior to this turmoil in the supply of imported goods from the global markets, sugar cost 7p to 10p per 1kg in 1973. Petrol shot up to between 49p and 55p in 1974.
Something like 1 coal power plant per month comes on-line in China. China doesn't think that climate change is a problem.
China has created more climate ch ange mitigation than any country
UK? No i would sell everything and move to another country if i lived there. So many problems.
Sick man next to Europe
Antigod and Antisemitic
GBP= Great British Peso 😁
Pedo the state of this monster system
Stop insulting the Peso
I'm one of the old people that remembers the term "Bond Vigilantes" from the 70's. ie what happens if the Fed lowers rates and there is a shortage of debt/treasuries buyers. Fed loses control of interest rates? ie supply of debt issuance is greater than willing buyers ....investors demanding higher interest rates than fed fund rate. Game over for the Fed? This would be a good subject for one of your next video. You younger guys have some history to learn about the debt markets of old. I've personally benefited from following Sandy Barclays trading tactics, amassing 13 bitcoins in a short two-month period, I just trade than hold on a Future I am not sure about....
She mostly interacts on Telegrams, using the user-name.
@SandyBarclays .
Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Happy Friday to you Mario and Clive and Rudy! ❤😊
Thanks guys. I love your Friday collaboration. Have a great weekend.
Common sense is the best form of intelligence
One wonders if Rachel from accountants even knows what the Laffer curve is.
Yields rising with the gold price rising are end-game dynamics. When listed (paper price) of gold goes wonky you are very close to the end.
Coming up on 250yr anniversary of America.
Perhaps it is time for them to be independent of the UK.
Good morning Mario and Clive.
Say I was 11. Years old and I reminder the Suez issue very well .
Excellent report 👍👍👍👍👍👍
Glad you enjoyed it
Ladies and gentlemen, we have hit what I like to call Peak Socialism. It was just a matter of time.
Exactly
Good morning Mario, Clive, Rudy, and everyone! ☕️🍳🥓☀️
Morning Guys.
Did you hear the BBC today. They had on ex-Deputy Gov. on.
Attempting to explain/excuse for what is happening. Worth listening to.
Thanks for a great week on content.
Best move for business owners in England is to sell convert the fiat to gold and hand it to the next generation without paying any taxes/getting robbed
Good morning, gentlemen. Thank you for the information. 👍
Good morning!
Morning MARIO & Clive🎉next they will hit the Car TAX 😮 Give it with one hand, take it with the other! Clive is a Gent😊
Clive is my favorite guest that you have on mario. Good morning, clive & Mario. hope you have a safe haven for us today because even if we win .the losers won't be able to pay the winners, and the governments will take the money in limbo stuck in the markets and financial firms
In a government collapse, what would happen to the Defined benefits pension (local government) whereby an annuity is already being paid out Would it be honoured as insured I wonder?
It would disappear.
@@cockyhemi 😮
Called Rachel from accounts. Or Rachel Thieves
I'm in Canada and I don't want to see Charles'face on my coins so it's US coins for me.
I'm British and refuse to buy his mug.
Good morning Gents. London is on fire!
Feels like Ep7 of Hidden Secrets of Money (currency printing to oblivion)...so nicely and expertly forecast by Mike Maloney...
Rachel from Customer Services, in charge of the nation’s finances 🙄🙄🙄
To balance the budget stop excess spending, but I doubt it will happen with any government.
How bad can it be, their only printing paper. ;)
It is all planned
Good morning gents from the non golfing climate of Scotland. Looking good. Very interesting times eh, you couldnt make it up but you could predict it all, keep stacking.
The tea in England is cold , very cold and no milk or sugar .
Frozen
'No sugar tonight in my coffee, no sugar tonight in my tea'.....now where did that come from?
@@vumba1331The Guess Who. Canadian Band.
Clive always sounds like Harry Enfield’s disc jockey character Smashy … or was it Nicey? Anyway keep up the good work.
"You ain't seen nothing yet" 😁😁
I like the yellow stickers on gold bars, great comment
Morning gentlemen
Mario ,i remember when 7% was an excelent mortgage rate
And 6% was a great cd rate
Hope Rachel from accounts knows how to Kowtow. Somehow I get the feeling this trip is not going to go too well.
Some of the gold acquisition issues with banks have been removed by innovations such as Kinesis, where ownership is transferred instantly. The option to sell it for fiat is instant (assuming the banks are functioning), and the conversion and delivery in physical bars is an option that, yes, takes time and could take longer during periods of high demand, but at least is owned by you and held in your name during the entire process.
Inheritance Tax (IHT) anything over £2m you now lose £1 at the rate of £2 of your IHT allowances. Therefore £4m estate will be taxed at 40% on every penny!
Great video -going to replay this one.
I am replaying also. Skimming the comments section I’ve missed some of the details.
The end of "cheap credit" is a good and necessary thing if ;you eventually want to fix an economy. Accurate pricing of risk is critical.
In the UK you should buy monetary gold or gold bullion coins of the UK realm, otherwise VAT will be charged on the transaction for regular gold.
French government taxes on selling GOLD coins: TMP 11,50 per cent plus TPV 36,20 per cent reduced by 5 per cent annually from second year. Clive Thompson advising long-term GOLD ownership; good advice for buyers in France.
Thanks mareo and Clive for this great content once again God bless you both stay safe and well
Try watching on 2x speed
From 1970 to Sep. 1980 the gold price rose as 10 year bond yields rise. In other words gold and the 10 year yield rose together. The exact opposite occurred between 1985 and June 2020. In other words, gold rose while yields fell. Since June 2020, the 1970s pattern has resumed. Why ? What has changed this fundamental relationship that flip flops about every 40 years?
Watching this on Friday as indices fall and commodities and rates rise!!
Clive, I don't think Rachel Reeves ever became a Chartered Accountant.
RR degree was in PPE.
1 year of Philosophy
1 year of Politics
1 year of Economics
The King Charles coins are trash. The older Queen Elizabeth coins are much better.
@meinking22 , Still made out of gold though.
@maneco64 that's true heh
inflation will rise strongly if the BoE restarts QE - if they are serious about their stability objectives then the BoE must absolutely avoid QE and monetising the debt
Sorry Mario can't agree with Clive on this one.
@philipjones9458 , Me too but it is his opinion.
Great video guys
Clive does seem quite naive at times.
Deliberately. He deceives. Part of the “club”. I wonder which lodge?
They want to destroy small businesses, IMO
Yet the BoE got rid of Liz Truss.
UK could start selling gold and US dept… UK is not so big country but still third biggest US dept holder. Might be time to diversify
Look into John Adams . He pressed RBA on auditing Australia's gold at the bank of England. He doesn't believe Australia's gold holding is intact.
Great conversation, thank you gents.
And the EUR is being decimated these days.
Good morning Mario, Clive and Rudolf
Surely BoE should just stop QT?
If the BOE buys the LT bonds from the primary dealers - quantitative easing - the LT bond rate may rise further as the market anticipates more inflation and increased economic growth. This phenomena is what happens in the USA, why would the UK be any different?
Still prepping on Montserrat!
Good work!
Oh I got it, they’re visiting the Chinese to ax them to stop hacking! How could I forget
Silver and gollllld, silver and golllld. Everyone wishes for silver and gold.- Burl Ives
Thanks Mario 😎
Here's a tip: why not collect "unrealized" inheritance taxes in advance?
Hi Mario.. when you and Andy play golf you should film the round and do your interview together while playing... That would b awesome.
Let the banks and government fail and for Britons to accept their allocation of gold from the Global Debt Facility.
Clive wtf at u on about mate?????
You two rock!❤🇨🇦
I hope the poor dog doesn't have an accident on the floor 😱
Thank you gents! 💖
Rudy wants to say something about his inheritance!
The labour government will serve their term no doubt … who can vote them down apart from a revolution…
Good morning to you both ❤🙏
never trust the Banksters nowhere!