Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $350k...that's like 7times more than I average on my own.
@@williamDonaldson432 This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Annette Marie Holt is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Great pod, round definitely needed. It's a shame this version of Kwasi wasn't presented to the public. Clearly a very intelligent man who is able to take accountability.
I think many of us owe you an apology, after listening to this I seriously wish things played out differently. What an intelligent, logical and well spoken man.
I turned 40 today. I meet with 2 financial advisors earlier this year who estimated my net worth between 1.6 and 1.8 mil. I live in the middle of nowhere, work a bluecolor job in a very poor state, have an associates degree from a votec school. Anyone can do what I did. Most of my net worth is my 401k. The next chunk is my paid off house. I haven't had debt in years and live well below my means. I dont lose sleep over the housing market or stock market swinging.
I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments, etc
But they are great belivers in free market economics and should have known better! Kwasi is clever academically but not really that great in macroeconomics and Liz Truss is a silly flip flopper!
51:57 They had the best plan to save this country and bring back growth. Like he said, their speed of execution was too high. We can't survive as an economy if tax keeps going up. Reduce taxation, reduce government spending, sensible regulation, use monetary policy for price stability, increase international trade and the result is a booming economy. Back to the gold standard or to the BTC standard. No CBDCs please, God save us.
What I can't accept is that since i left school in 2008. This country has been seemingly in a financial crisia ever since. Almost 20 years and its still the same shit with no optimism or end in sight.
well the whole europe and usa never recovered from the 2007-2008 financial crisis, the same way Japan never recovered from their financial crisis in the 1990s
I was very much enjoying this interview until Mr Kwarteng decided that Reform were to blame for Labour getting a majority . No , Mr Kwarteng , the Conservatives are to blame and only the Conservatives because if they had done what they were voted in for and pledged in their manifesto's to do then there would be no need for Reform and the Conservatives would still be in power . It infuriates me when people think and say that we should just settle for the least worst between Labour and Conservative . NO .
@@dontrump-y9d No way reform was going to win, but the conservatives had failed to meet their manifesto and sensible people will not vote for a failed party. The current consequences are horrendous but long-term hopefully the conservatives will become conservative again.
Kwasi needs to join reform!!! I think he meant that reform took votes from conservatives. I voted reform but I’m a conservative supporter. Labours is very united
Likewise in USA, the WEF need one of their own to run the country. That’s why Trump was denied a second term and that explains why there are assassination attempts on his life. They will do everything they can to ensure Harris gets in so that they can continue with their agenda. That’s also the reason why they want a war with Putin because he is like Trump in that they cannot buy or control him.
He's a politician, they are all actors. When he screwed up the economy ruining millions of peoples lives he wasn't so nice then, he was just Truss's nodding dog
LET HIM SUPPORT KEIR STARMER, REACHEAL REEVES, DAVID LAMMY, OTHERS TO STRUCTURE THE ECONOMY, SOCIETY, POLITICS AND SECURITY. THEIR SUCCESS NOW TO 2035 WOULD BE HIS SUCCESS TOO.
Let him work with LABOUR FOR HIM TO INHERIT THEIR SUCCESSES COME 2035. HE IS VERY YOUNG AND HEALTHY. HIS PARTY NEEDS SERIOUS ADJUSTMENT; WHICH NEEDS HUGE TIME TOO.
massively opened my eyes this has. I actually was fully on board with what he was trying to do when he was in office. Although I did not know who he was as a character I actually really like this guy. Thank you for having him on.
This podcast has become such high quality, I don't think you realise just how many people want to hear this discussion and no-one else is doing it or asking the right questions like this.
Bring him back please! We need a longer session, please. I don't follow nor support this podcast or the politician but this was one of the first times ever that the synergy between podcaster and guest was very much matched and addressed a number of questions we would all have loved to ask. Please do another one with him soon!
As a Libertarian and somebody who believes in free market capitalism, I loved Kwasi's tax cuts. Every year the government only seems to want more and more, there's never a step back. The BoE purposely crashed the economy because of greed when Kwasi announced cuts. The only thing I don't like about Kwasi was "Lead by Donkeys" exposed him trying to get overseas work whilst still being an MP.
Maybe if EVERY politician actually served the people and didn’t worry more where the next “ donation “ was coming from they would see the consequences of there actions on society. Maybe then security wouldn’t be needed ?
Problem is like Kwasi was saying is you’ve got so many organisations and institutions that stop you from doing what you want to do. Plus you’ve got pressure from the media and opposition calling you the bad guy for whatever you do. It’s not as easy as doing exactly as you set out to do / what your constituents want.
Why does our Govt allow big corps, ie big tech, to avoid uk tax when they operate & make profits in the uk? Why allow them to mve their profits elswhere? Why not assess their tax on turnover?
Yep. Where was Sunak when he won the leadership. We didn’t hear him on The media. We didn’t see him attack Starmer for his lying and flopping policy on his way to being the leader of the Labour Party.
Enjoyed this one Rob! Clearly a contraversial character in the eyes of the public for the bad he essentially had part in causing. I didn't agree with everything he said, but it was certainly nice to hear his side of the story and the world through his eyes, he came across very well spoken also. Would be keen for part 2 when it happens, cheers for the conversation!
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Surprised that Kwasi actually speaks a lot of sense. Perhaps if more politicians spoke candidly instead of reading scripts prepared by their advisors, we could make some real progress.
Fascinating interview rob so good to see a politician coming across honesty on what happens behind the scenes in government . Also when he was talking about conservative politicians don’t like a lot of house building going because a lot of them live nice countryside areas . Unbelievable it just shows you what goes on 👍🏻
Great podcast, I often find it difficult to sit though these long form videos but this was fascinating, Kwasi seems like a sound reasonable bloke, not without his faults and mistakes like the rest of us.
I certainly took away a much greater respect for Kwasi than i did before when most of what I knew of him was what the popular media told us of him. What a down to earth man, we certainly had a chance to turn things around but it's refreshing to learn he accepted fault it was too much too quickly.
Gutted it didn't work out for kwasi. Seems like a genuine bloke with free market capilist ideas. It would have worked out long term with him at the wheel in my opinion
@@Dedicated_.1 The BOE govenor did for sure, it was publically stated that he had been trying to get these firms to unwind from these positions for a very long time, but these firms decided the BOE would keep interest rates near to 0 rates.
Apologies Rob moore,I am in 20 mins in and I suggest less interruption in the train of thought of the interviewee. I love the conversation by the way just a constructive observation
Spoke to kk in 2016 having heard much of his previous commentary, books, wanting his predictions after brexit vote. His understanding on the inauthenticity of academia, including economics taught, places him among the few whom can be entrusted, esteemed enough to advise and to direct the economy. Has sensible economic philosophy.
The gap between the Tory parliamentary party and the Tory membership and voters is huge! Until the parliamentary party wakes up and listens the UK will suffer
Well that means gutting the one nation caucus. They don’t believe in anything other than power not a governing philosophy. If Badenoch wins which looks likely the tories need to slowly faze them out, when they openly refuse to support a right wing leader that’s everything you need to know about them
Great interview....I've been in business for nearly 30 years. Due to the actions of the government for the last 5 years and the threats by this Labour government, we have stopped all investment and capital expenditure, now working 4 days a week and watching the sinking ship....sorry for future generations.
Kwasi is OK compared to others, but just listening to these people speak you can clearly see they have been privileged with limited exposure to many of life’s hardships, and therefore no true understanding of the severity of the situation we are currently living through; not just with regard to the economy and demographics, but war and violence being “closer than the jugular vein”.
Lol the Tories announces 50 billion A YEAR of borrowing for tax cuts. Without announcing spending cuts. The market smelt bull shit. It wasn't the OBE that got involved, because they wasn't even informed.
The worst thing is the government can’t control them like they once did. The BOE does its own thing and if they don’t like what you offer they undermine you, same with OBR. If anyone wants to rewire the economy take the independence out of the BOE to change the status quo
I think if he had an interview like this when he was in politics before becoming Chancellor, I believe people would of warmed to him more and he would of been more sucessful and lasted longer. I think no one really knew who he was and next thing he was chancellor. If people dont know you, dont believe or trust you then they will not support you when poo is hitting the fan with the markets reactions to there policies. I think what he was doing was right when he was Chancellor but like he said they did it too fast. Certainly alot better than what labour and Reeves are doing now which will create a doom loop.
@@jeezy8360 He needed to be with Boris not Leeze. Sunak better with Leeze the conservative govt got it mixed up. Anyway the Economy Debt is spiralling out of control and he tried to fix it. But the Leveraged Geared City and Institutions wanted More against Innovation. One-day the west will be indebted to other free dept nation's and will eighter cause Wars or use world bank to chases other non debt nation's. Just hope those Nation's don't use A.i to fight back.
Pleasantly surprised by this pod. Very interesting guy. He really should have done more interviews and stuff before becoming he got in the public, he would have been able to continue in politics due to like-ability.
His budget was sabotaged by the Bank of England. On Wednesday 21st September 2022, the US Federal Reserve raised the Federal Funds Rate by 0.75%. On Thursday 22nd September 2022, the Bank of England raised the Bank Rate by only 0.5%. At this point a devaluation of sterling against the US dollar was baked in. Currency traders don't take up a position ahead of a government financial statement, so currency traders had a whole day to set up their trades, but it wasn't until after the budget on Friday 23rd September that they pressed the button and sterling devalued. The insurance companies held gilts which, if held to redemption, would cover their liabilities, but when gilt prices fell due to higher interest rates, in the short term they wouldn't. The Bank of England could have temporarily suspended the need to mark to market, but it chose not to do so.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $350k...that's like 7times more than I average on my own.
@@williamDonaldson432 This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Annette Marie Holt is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Great pod, round definitely needed. It's a shame this version of Kwasi wasn't presented to the public. Clearly a very intelligent man who is able to take accountability.
💯
Fucking belter of a podcast! Refreshing to hear a politician talk like a normal human being and dare I say it he sounds sincere! 👏 bravo rob
Havent heard it yet, but Rob does belters!
💯 what a top guy, talking sense
This was a great pod!
Pity they don't do it while in power and able to do something
@samhazel1179 you do remember he tanked the economy right? Sheep 🐑
I think many of us owe you an apology, after listening to this I seriously wish things played out differently. What an intelligent, logical and well spoken man.
nah but you thought you were smarter than him...
I turned 40 today. I meet with 2 financial advisors earlier this year who estimated my net worth between 1.6 and 1.8 mil. I live in the middle of nowhere, work a bluecolor job in a very poor state, have an associates degree from a votec school. Anyone can do what I did. Most of my net worth is my 401k. The next chunk is my paid off house. I haven't had debt in years and live well below my means. I dont lose sleep over the housing market or stock market swinging.
I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments, etc
@@Jessrobbie Damn that's huge, how do you make that much weekly? I'm 37 and have been looking for ways to be successful, please how??
@Ariellasegal, follow up with my mentor, BRITNEY COHEN ROSE, she's my coach.
Google search her name.
Britney Cohen Rose
Liz Truss and Kwasi exposed how bent our system is.
Amen to this
Liz truss is a fucking fucking idiot, just listen to her speak, just look how she looks when gets asked simple questions, she is completely puzzled
Worryingly true
But they are great belivers in free market economics and should have known better! Kwasi is clever academically but not really that great in macroeconomics and Liz Truss is a silly flip flopper!
51:57 They had the best plan to save this country and bring back growth. Like he said, their speed of execution was too high. We can't survive as an economy if tax keeps going up.
Reduce taxation, reduce government spending, sensible regulation, use monetary policy for price stability, increase international trade and the result is a booming economy.
Back to the gold standard or to the BTC standard. No CBDCs please, God save us.
What I can't accept is that since i left school in 2008. This country has been seemingly in a financial crisia ever since. Almost 20 years and its still the same shit with no optimism or end in sight.
it's almost as if it has something to do with you leaving school : o :D
Even worse now
@@StephanieLister Will only get worse sadly. But there's always hope for change
It will never change as long as they keep kicking the can down the road
well the whole europe and usa never recovered from the 2007-2008 financial crisis, the same way Japan never recovered from their financial crisis in the 1990s
I was very much enjoying this interview until Mr Kwarteng decided that Reform were to blame for Labour getting a majority . No , Mr Kwarteng , the Conservatives are to blame and only the Conservatives because if they had done what they were voted in for and pledged in their manifesto's to do then there would be no need for Reform and the Conservatives would still be in power . It infuriates me when people think and say that we should just settle for the least worst between Labour and Conservative . NO .
unfortunately hes right tbh reform are never going get into government stop falling for reform bs….
@@dontrump-y9d No way reform was going to win, but the conservatives had failed to meet their manifesto and sensible people will not vote for a failed party. The current consequences are horrendous but long-term hopefully the conservatives will become conservative again.
@@dontrump-y9d they said the same about meloni and the afd in Germany.
Yeah the vote was split but that’s the Tories fault and KK did acknowledge that a think.
Kwasi needs to join reform!!!
I think he meant that reform took votes from conservatives. I voted reform but I’m a conservative supporter. Labours is very united
The reason he was outed was because he went against the REAL powers of the UK financial leaders! But he seems a decent bloke.
Both him and Truss didn’t follow the WEF agenda so we had WEF agents implanted into no 10. Boris, Rishi and now Starmer, all agents of Klaus Schwab.
Likewise in USA, the WEF need one of their own to run the country. That’s why Trump was denied a second term and that explains why there are assassination attempts on his life. They will do everything they can to ensure Harris gets in so that they can continue with their agenda. That’s also the reason why they want a war with Putin because he is like Trump in that they cannot buy or control him.
Do you think?
He's a politician, they are all actors. When he screwed up the economy ruining millions of peoples lives he wasn't so nice then, he was just Truss's nodding dog
Can you state the REAL power of the UK are?
Im trying to understand
What a great chap. Common sense and plain speaking. Bring him back on, please. Very interesting podcast.
LET HIM SUPPORT KEIR STARMER, REACHEAL REEVES, DAVID LAMMY, OTHERS TO STRUCTURE THE ECONOMY, SOCIETY, POLITICS AND SECURITY. THEIR SUCCESS NOW TO 2035 WOULD BE HIS SUCCESS TOO.
What a fantastic guy. Instantly likeable and some great answers and ideas. Second time I have listened to it.
Such an important episode - thank you for doing this Rob! More people need to see this conversation.
what a great bloke, really warmed to him. Shame he had such a bad experience in politics.
Nice guy I agree
Bring Kwasi back! He's the first Chancellor I can remember trusting...
Excellent podcast though, it's nice to hear his thoughts uninterrupted.
lol he literally fucked the economy rapidly what are you on about u melt
Let him work with LABOUR FOR HIM TO INHERIT THEIR SUCCESSES COME 2035. HE IS VERY YOUNG AND HEALTHY. HIS PARTY NEEDS SERIOUS ADJUSTMENT; WHICH NEEDS HUGE TIME TOO.
Kwasi Kwarteng powerful conversation, this gave me the opportunity to really get to know him.
massively opened my eyes this has. I actually was fully on board with what he was trying to do when he was in office. Although I did not know who he was as a character I actually really like this guy. Thank you for having him on.
Shame what happened to him 😊
Great interview get this guy on again 👏
Me too he’s great
This podcast has become such high quality, I don't think you realise just how many people want to hear this discussion and no-one else is doing it or asking the right questions like this.
How is another podcast changing the Big problems in your country?
Bring him back please! We need a longer session, please. I don't follow nor support this podcast or the politician but this was one of the first times ever that the synergy between podcaster and guest was very much matched and addressed a number of questions we would all have loved to ask. Please do another one with him soon!
11:59 - the last time the British budget was balanced was 2001 - wtf! 😮😢
Very interesting. I had the impression Kwasi had no idea but that’s not the case at all. Gone up massively in my estimation after listening to this.
Likewise
"the last time the British budget was balanced was 2001" Says it all
Brilliant interview. Kwasi clearly has a lot of knowledge of how things work. Look forward to seeing him again talking about fiat currency.
As a Libertarian and somebody who believes in free market capitalism, I loved Kwasi's tax cuts. Every year the government only seems to want more and more, there's never a step back.
The BoE purposely crashed the economy because of greed when Kwasi announced cuts.
The only thing I don't like about Kwasi was "Lead by Donkeys" exposed him trying to get overseas work whilst still being an MP.
thoroughly enjoyed this one. Get him back on soon for part 2.
That would be great
@@StephanieLister but he isn't a white guy?
Your presentation style makes even the most complex topics easy to understand. Looking forward to more in-depth discussions like this.
Brilliant podcast. Superb. Would love to see him on again.
Hope Kwasi will back in Parliament soon
I enjoyed it too great episode
No thank you. Ruined the economy on first day of the job
Really enjoyed this, great conversation, Kawsi sounds like a great gut. Love how he mentioned Crypto and Bitcoin.
Vcjd versus acetic acid
On call 24 hrs
Id love to hear a couple of hours of Kwasi on currency!
Brilliant podcast this, gives a very honest assessment of the state of the economy here - no spin or BS - refreshing to hear
Bloody enjoyed this one
Me too
Cracking interview , by far the best to date , would love to see him and Kemi eventually in Reform
That would be a belter
Great chat. We need a lot more of this in the UK.
Maybe if EVERY politician actually served the people and didn’t worry more where the next “ donation “ was coming from they would see the consequences of there actions on society. Maybe then security wouldn’t be needed ?
You have a point there
Problem is like Kwasi was saying is you’ve got so many organisations and institutions that stop you from doing what you want to do. Plus you’ve got pressure from the media and opposition calling you the bad guy for whatever you do. It’s not as easy as doing exactly as you set out to do / what your constituents want.
Maybe if you took responsibility for voting for them, then things in your country might improve.
Be accountable
@@time4advancement244 I take it you voted for BIDEN 😆
Mr Kwateng is really good in the interview. It would be good to have him back. Nice one guys. 🙏
Great episode! Thank you. Need more people like these guys, open minded and up for a discussion.
I agree
Great guest! Very glad I got to listen to this, thank you.
He's a top guy he is.
Not exactly .....just another stupid fella in the uk😂
Great job great interview and he us well spoken
Love the work, keep it up!
Thank you
@@RobMooreDisruptors You are doing great Rob, love your podcast too. It gets better and better. x
This was educational. Learned a lot 👏
Why does our Govt allow big corps, ie big tech, to avoid uk tax when they operate & make profits in the uk? Why allow them to mve their profits elswhere? Why not assess their tax on turnover?
Kwasi would have been a much more competent PM than Sunak . So well spoken.
Idiots corner
Yep. Where was Sunak when he won the leadership. We didn’t hear him on The media. We didn’t see him attack Starmer for his lying and flopping policy on his way to being the leader of the Labour Party.
Brits are bipolar
Hiking up taxes to pay for a scam. Follow the money. Tell the truth.
Kier Stalin is a disgrace
JEWS
I'm a reform voter but I always liked Kwasi. The way he was treated was really unfair
Enjoyed this one Rob! Clearly a contraversial character in the eyes of the public for the bad he essentially had part in causing. I didn't agree with everything he said, but it was certainly nice to hear his side of the story and the world through his eyes, he came across very well spoken also. Would be keen for part 2 when it happens, cheers for the conversation!
Great conversation nice to hear Kwasi’s perspective solid guy
Respect Kwasi!
There is lot of insight in this conversation. He translated a lot of what they think.
Cash is king💰💸🤑
This is a very honest interview
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
You are absolutely right 💯
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Cryptocurrency/stock investment, but you will need a professional guide on that.
Facebook 👇
Evelyn C. Sanders
Surprised that Kwasi actually speaks a lot of sense. Perhaps if more politicians spoke candidly instead of reading scripts prepared by their advisors, we could make some real progress.
I was thinking something very similar. Reform come closest but they aren't in power so they have that luxury.
Fascinating interview rob so good to see a politician coming across honesty on what happens behind the scenes in government . Also when he was talking about conservative politicians don’t like a lot of house building going because a lot of them live nice countryside areas . Unbelievable it just shows you what goes on 👍🏻
Not a fan of the politics, but he has such a great voice I would love Kwasi to narrate audiobooks. He has that radio style voice
Fantastic guy,he took the fall out in the economy like a true captain of the ship and apologisingfor wat was already broken
Great podcast, I often find it difficult to sit though these long form videos but this was fascinating, Kwasi seems like a sound reasonable bloke, not without his faults and mistakes like the rest of us.
I don't agree with Kwarteng ideologically but he makes a very compelling case here and seems very frank and honest here.
Brilliant podcast!!!!!! Love your work - keep it up Rob!
I enjoyed it too great episode
I certainly took away a much greater respect for Kwasi than i did before when most of what I knew of him was what the popular media told us of him. What a down to earth man, we certainly had a chance to turn things around but it's refreshing to learn he accepted fault it was too much too quickly.
great interview and loved how open he was
in 2007 our U.K Budget was £700,000,000,000. now its £1,050,000,000,000. How is that austerity?
Because the pound is getting weaker ever year
Great interview , total gent.
I enjoyed it too great episode
I don’t like Labour but would vote for this man in a heartbeat
Gutted it didn't work out for kwasi. Seems like a genuine bloke with free market capilist ideas. It would have worked out long term with him at the wheel in my opinion
What a class act - great guy
Kwasi please do this more often so we pick your wealth of brain. This is amazing
This podcast has been really enlightening. Kwasi is a fascinating character.
An honest guy.
Mschewwww
How was the chancellor unware of the exposure of the pension funds!
You are very easily fooled. He's an establishment robot.
@@lapis.lazuli.literally no one knew about it dude
@@Dedicated_.1 The BOE govenor did for sure, it was publically stated that he had been trying to get these firms to unwind from these positions for a very long time, but these firms decided the BOE would keep interest rates near to 0 rates.
Such good quality interviews are hard to find. Definitely subscribing to the channel
Amazing interview, it’s basically QE, taxation to infinity to en rich central bank share holders at this point
Apologies Rob moore,I am in 20 mins in and I suggest less interruption in the train of thought of the interviewee. I love the conversation by the way just a constructive observation
Great listen, Looking forward to the next one.
The people who generate the wealth are the workers, not the entrepreneurs.
Great interview great guest thank you
Spoke to kk in 2016 having heard much of his previous commentary, books, wanting his predictions after brexit vote.
His understanding on the inauthenticity of academia, including economics taught, places him among the few whom can be entrusted, esteemed enough to advise and to direct the economy.
Has sensible economic philosophy.
Kwasi is the GOAT I loved his work in 2022
"and I'm thinking are you mad ?" legend phrase 😊
The gap between the Tory parliamentary party and the Tory membership and voters is huge! Until the parliamentary party wakes up and listens the UK will suffer
Well that means gutting the one nation caucus. They don’t believe in anything other than power not a governing philosophy. If Badenoch wins which looks likely the tories need to slowly faze them out, when they openly refuse to support a right wing leader that’s everything you need to know about them
please bring him back for that discussion on FIAT currencies. That will be amazing, might even wake up the greater public up, I hope so anyways 🙏🙏🙏
How crazy is it that the politician agrees that the rich are leaving and the middle class are f'd! Stop being distracted folks and get the F out!
Good episode. Who would of thought he’d be so easy and engaging.
Great interview....I've been in business for nearly 30 years. Due to the actions of the government for the last 5 years and the threats by this Labour government, we have stopped all investment and capital expenditure, now working 4 days a week and watching the sinking ship....sorry for future generations.
Thanks for doing this interview
He had ALL the right ideas, but the establishment DIDN'T AGREE!
This interview was rocking
Kwasi is OK compared to others, but just listening to these people speak you can clearly see they have been privileged with limited exposure to many of life’s hardships, and therefore no true understanding of the severity of the situation we are currently living through; not just with regard to the economy and demographics, but war and violence being “closer than the jugular vein”.
🐑
It clear to me there are so many levels of power.
The OBR was the major problem .
What's obr?
@@Tomhardy666 office of budget responsibility.
Thank you Colin :)
Lol the Tories announces 50 billion A YEAR of borrowing for tax cuts. Without announcing spending cuts.
The market smelt bull shit. It wasn't the OBE that got involved, because they wasn't even informed.
The worst thing is the government can’t control them like they once did. The BOE does its own thing and if they don’t like what you offer they undermine you, same with OBR. If anyone wants to rewire the economy take the independence out of the BOE to change the status quo
Kwarteng definitely has a voice for radio and could start his own podcast tbh.
Yeah I agree!
Best video on youtube about UK in the past decade.
Boris was a big disappointment
I think if he had an interview like this when he was in politics before becoming Chancellor, I believe people would of warmed to him more and he would of been more sucessful and lasted longer. I think no one really knew who he was and next thing he was chancellor. If people dont know you, dont believe or trust you then they will not support you when poo is hitting the fan with the markets reactions to there policies. I think what he was doing was right when he was Chancellor but like he said they did it too fast. Certainly alot better than what labour and Reeves are doing now which will create a doom loop.
He would've still tanked the economy.
@@jeezy8360the economy tanked a long time ago 🤷🏽♀️
@@lizchukwu2626 and he made it even worse
@@jeezy8360 He needed to be with Boris not Leeze. Sunak better with Leeze the conservative govt got it mixed up.
Anyway the Economy Debt is spiralling out of control and he tried to fix it. But the Leveraged Geared City and Institutions wanted More against Innovation. One-day the west will be indebted to other free dept nation's and will eighter cause Wars or use world bank to chases other non debt nation's. Just hope those Nation's don't use A.i to fight back.
Great guest,it was a shame that he was sacked to cover Liz’s shortcomings
Excellent interview
Pleasantly surprised by this pod. Very interesting guy. He really should have done more interviews and stuff before becoming he got in the public, he would have been able to continue in politics due to like-ability.
To this day I always wondered why that damn bottle of wine - full bottle came through my window that night 😮
I'm your age + the VAT killed me off
His budget was sabotaged by the Bank of England.
On Wednesday 21st September 2022, the US Federal Reserve raised the Federal Funds Rate by 0.75%.
On Thursday 22nd September 2022, the Bank of England raised the Bank Rate by only 0.5%.
At this point a devaluation of sterling against the US dollar was baked in.
Currency traders don't take up a position ahead of a government financial statement, so currency traders had a whole day to set up their trades, but it wasn't until after the budget on Friday 23rd September that they pressed the button and sterling devalued.
The insurance companies held gilts which, if held to redemption, would cover their liabilities, but when gilt prices fell due to higher interest rates, in the short term they wouldn't. The Bank of England could have temporarily suspended the need to mark to market, but it chose not to do so.
I really appreciate you Rob for bringing Kwasi on, I enjoyed the podcast so engaging. Every minute of it was fun, can't wait for the second podcast 🎉🎉
Great episode I agree