Dr Roger Gewolb sets out his six-point plan to save the UK economy
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- Опубликовано: 22 июн 2023
- Dr Roger Gewolb joins Patrick Christys to discuss his six-point plan to help the UK economy.
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UK government need to listen to this man.
They know this can be done but listen to the WEF not us.
Byron,
I live in Australia (I've been to England/Britain at least 10 times) and a few of the points made Dr. Gewolb are very close to what's occuring here. One of them is with people having to sell their properties, when they can't afford to pay loans.
The other point is with MASS immigration, which he spoke about in another segment. The government here has doubled the intake of immigrants this year from what it was in 2019. Yet, in spite of many economists stating that, immigration has a significant effect on why there are absurd prices for real estate and, moreover, very high rents.
Finally, someone with an understanding of the economy.
Their owners won't allow him to stop their grift.
He has got to be joking its not a conspiracy its fact his 6 point plan has been done before 2024 cbdcs to bring down inflation contract money supply all institutions hold more capital not o Putin was sanctioned by the west anyone found to be selling energy got hesverly finerd you say people take notice I'll give you names of people who people need to listen to allister mccloud mareo manecco64 gerald celeste andy shackman Greg manereno scott ritter libiety and finance daily all these people and theirs more people oh before i forget pound vs gold in grams gives you 2 percent purchasing power left dont listen to me listen to him when they cut rates and they will inflation will become hyperinflationary depression it's going to happen he never mentioned the bricks imminent amusement they are bring out a commodities backed cbdc i would have asked him why have central banks been buying gold the last time this happened was 1967 my guess if he answered would have been it's held for tradition not reliqify the central bank's balance sheet
Needs to be a seven point plan, with the extra one being get rid of this government!
That should be no 1 along with ALL MPs & HoLs!
get rid of this parliament
and all these unwanted illegal immigrants living off us !
Next election dont vote for anyone in the Westminster circus if everyone boycotts you'll get what you want no mandate no government that's if we have a democracy
Bring Dr Roger on regularly
Don't bring him on again alternatively let me interview him free of charge he has got a good script ask him what the yield curve imveration signal when bond yields rise what happens to the value love to hear the answer we're told theirs no recession imminent its just going to be a global depression hyperinflationary depression yet another fake you will own nothing and be happy world economic forum karl strobe
Dr Roger, educates the nation in economics and explains how rubbish our government is.
Can this bloke stand for election please, seems the only sensible person in existence 👍
I don't think you can stand for parliament unless you are a British citizen.
I’d bloody vote for him. At least make him Chancellor asap
I seriously enjoy listening to this man, he could have a weekly segment!
The bs segment cut rates cause more male investors ehy not cause more inflation and print more currency or shit when they cut rates they'll print currencies around the world causing hyperinflation
EXCELLENT - Practical things to do for our economy - Reform take note. Conservatives take note or Bye Bye.
no mate, you forgot the state of our country, non familiar faces. this shit is a distraction.
We are being taxed into poverty
People's purchasing power is being taken away by the hidden tax inflation we only have 2 percent of purchasing power left that's ok for the ritch donors of all parties convid should have tought people a lesson clearly it hasn't how many times can u be lied to when you don't know the truth cbdcs sre coming in 2025 they will control every penny you spend direct account at the bank of England they'll say someone has hacked into the banking network when really it's a locking up of the system caused by the debt market calapes having no cash mae last days even week's only they no everyone will accept no questions asked
It’s not demand driven, crushing consumers isn’t going to work. The govt and advisors are fools.
"Fools" you say?
This is to stupid what they are doing not to be deliberate build back better calapes the system and bring in a more dictatorial system cbdcs for those who don't believe it wait snd see hope I'm wrong I'll be the happiest man walking
Gbn news this is real news thank god your dodge channel spoke some truth this time......... thank you
This man for Chancellor please! He has a plan unlike the herberts currently glued to their seats!
All he says makes sense.
Is this a reference to how much it looks like he’s wearing David Byrne’s suit from the Stop Making Sense tour?
@@adamadamson4820 .....and in the meantime "we're on the road to nowhere".....🥴
Remove all WEF members from government and councils Scrap net zero
Every day reminds me that the people are far smarter than those in charge.
I like this guy.
If all of this is genuinely workable, Reform should adopt it in their manifesto. Great selling points.
I like it where he says that Rishi Sunak is all out for AI (artificial intelligence) when the real stuff (real intelligence) is missing. I love that, wise words indeed. 😄👍👍👍 Top marks, Dr Gewolb, top marks.
This man is excellent ❤
Good to hear some concrete solutions to the current mess for once
It isn't a mess in the eyes of the people that really matter to government.
BOE is not fit for purpose and all the highly paid advisors need to go including the Blackrock senior advisors.
This man is absolutely correct in everything he advises.
The bank of England is the lender and buyer of last resort they control the economy ask your member of parliament how much the UK treasury owes the bank of England on the gilts this has made the central bank insolvent how ever they can reliqfy themselves by re valuing theire gold reserves the public who owns gold olso can
Brilliant!
Cut tax, cut government spending, reduce government, cut regulations, cut interest rate, stop printing money! Quite simple really.
Our economic problems are not simple. He is lying.
"You will own nothing and be happy" XD
Paranoid
Spot open analysis.
He's right on the VAT point alone - supply driven inflation is due largely to fuel and energy costs that ultimately drive the costs of production and distribution, reduce or remove that and it filters through immediately lowering costs across the board. It's largely why food inflation remains stubbornly high.
When the supply chain is dominated by a handful (if that) of corporations, all it takes is a "gentlemen's" agreement to keep the prices high and prevent a bidding war.
This is what we want.
BOE Base Rate must NEVER be allowed to drop a full point above the target inflation rate without an Act of Parliament. The cost cost of borrowing must be understood by all and interest to savers must be real.
When the US Federal Reserve raises the Federal Funds Rate, the Bank of England has to match the rise otherwise sterling devalues against the US dollar, which makes oil (which is priced in US dollars) more expensive in sterling terms. More expensive oil makes everything else in the economy more expensive, that is, it boosts inflation.
It's not Rocket science. Obviously it's too difficult for the politicians running the country to grasp. I was taught many years ago when I was a lorry driver, if you're lost, stop and ask someone the way. Is there any hope of the politicians asking for help, I'm not holding my breath!
The Bank of England was only made 'independent' because the Maastricht treaty required it to be in Article 109e.5, before 1997 it was part of HM Treasury and therefore was democratically accountable as any government of the day is. Now politicians can sit back and blame the BoE for inflation even though inflation has been largely imported through policy choices (Energy, Agriculture, population etc) made by past and present politicians.
Replace Hunt with this man!
They aren’t conspiracies anymore they are predictions
Why hasn't he suggested the most important one - get rid of the central bank entirely.
Wow... Surprised that this was said on MSM
What do you expect when the one in charge of the bank of England is a historian not someone who knows about economics.
I’m afraid the conspiracy theorists are spot on, you will own nothing and be happy, they literally tell you what they are doing
The conservatives should act conservative. Slash taxes, stop forcing high gas/electricity prices on people, cut red tape, drop corp tax so businesses want to come here
Give this man a Job, He's better than all of he Government.
Could your guest tell the Davos crowd its just a theory because they keep talking about their plans to do exactly what he purports to be a conspiracy theory
They say you have the best ideas when you're not in power. The closer you are to number 10 the more moderate your ideas become, and when you're in government those great ideas are long forgotten and there's no change!!!
Genius!
A moment of silence for those blue collar lads that tweeted “banks want to make us a nation of renters - cough black rock/(stone) cough”
totally agree - especially the concentration on core inflation i.e. government saying increased payouts of labor and public sector workers is adding to the crisis, nope not even close. its also the wrong figure to look at. its like saying i have a flat tyre but observing the fuel indicator instead.
The Government isn't interested in solving the Inflation issue in the UK. If they were they would legislate that savings rates for commercial banks cannot be below the BoE interest rate.
We are raising corporate tax which is madness.
Roger is all about control
Scientists have warned that the Earth could run out of conspiracy theories by 2025 if they keep coming true at the current rate.
Yes I DO know the triple-tax on petrol!🤬🤬🤬🤬
1. Lower interest rates
2. Lower VAT
3. Lower taxes on petrol and diesel
4. Decouple the price of electricity from gas
5. Defer the increase of Corporation Tax
6. Legislation to make banks pass on rate rises to savers
Free education for UK citizens based on vocations that the country is crying out for.
On receiving this "free" education, are the receivers tied to those professions for the rest of their lives?
@@lukemclellan2141 that's up to them. I certainly wouldn't promote free education for the more self indulgent courses, but a focused drive on free higher education is a viable way to steer an economy from the bottom up.
@@lukemclellan2141 no but the Dutch has a system if free education if doctors who then had to work fur their health sevice for 20 years -and that was before the First World War My education was funded by my employer and I was legally bound to stay for 5 years after qualifying. And I have a relative whose employer funded her engineering degrees -she has to stay for a specific period of repay the cost Employer funded degrees normally have a legal obligation in you to remain with the employer for a period of 5 years or repay the cost. If the employer closed or you are made redundant then you dont have to repay -only if you leave of your own choice .Remember they have invested tens of thousands £ in your education and expect a return on that investment
@@adamholiday3450 how do you know when you have enough qualified people? Or too many?
@@ronnieince4568 then let employers fund the education/training, not governments.
Companies get subsidised enough as it is.
It all stinks .. We are being played and they are all in on it
Not much of a choice: our politicians are stupid or corrupt! The conspiracy theories are not so unreasonable.
1:45 to 2:30 - that is the ultimate goal by 2030.
Stop printing money/ QE simples
It's the great reset, the very thing we all warned about in 2020, the whole reason for lockdown was to bring about this very thing.
He’s missed the open goal of a significant reduction in the size of the state. Lower government spending, cull the quangos and reduce benefits spending to make work pay.
You get my vote. Please please can the governor of Bank Of England and Chancellor of Exchequer LISTEN and implement these actions it’s the common sense solutions that we’ve been screaming for
Goverment need more hotels!!!!
But we all know in reality, nothing like this will ever happen!
Governments cause inflation, which debases the currency. Inflation is caused by government overspending and largesse. Dr Gewolb has useful ideas, but this needs also to be part of a plan for LESS GOVERNMENT, which is more effective at the same time. How about starting with getting rid of EU legislation?
I remember in the banking xrusis they put VAT down from 17.5% to 15%.
Gordon Brown did that whilst we were members of the EU
General melchard here, why don't we try raising the interest rate again they'll never suspect it.
The idea was to hit the ground running and create Singapore on Thames. So it was pretty difficult for the BOE to raise interest rates after Brexit. So, yes, the current situation is clearly the fault of Brexit, or, rather with trying to cope with Brexit.
When was the last time they did anything to actually help the comman people. Rushi and gang are totally inept and out of touch, they are also very one dimensional. It scares me the media and political group think that exists in this country, our politicians are sleep walking us into oblivion because they lack the humility to admit they've got this inflation problem completely wrong. Rishi would rather quit and run back to America than admit he's done anything wrong.
They haven't got it wrong, did you listen to what was said in the video?
A plan they'll ignore their heads firmly in the sand
Brexit? Shortage on workforce for farmers, NHS, hospitality... wages pressure therefor inflation, disruption at borders less goods exported and imported at higher cost... head in the sand or acknowledging they are downsides at having redtapes with your trade relationship with your 30+ closest neighbours?
This isn't happening due to incompetence.
Excellent plan. 7. Would be to increase the supply/cost of the cause of inflation….oil
Removal of VAT should be no 1
Lots of good ideas, but remember the goverment dont currently balance the books in tax take.
Went to a Dominoes recently after a long period away and found they no longer deal in cash.
Great guy with great solutions, please get rid or at least take Sunaks blinkers and ear muffs off.
Tax on Tax is a Treasury Scam. Put the money in the consumer-Tax Payers pocket.
When a member of the EU UK consumer preference was for non-EU goods. So that the EU Common External Tariff (import duty) was sent at 80% to Brussels and the price added to the goods, which then had VAT applied at the EU approved rate, which of course was the way the EU set its Contributory Budget scheme. .
That is a complete lie.
Thanks Dr Roger for the comments on Sunak. We can replace Sunak with ChatGPT and save lots of £££.
These are good points....There is absolutely no reason to keep raising interest rates every single damn month...It is damaging the economy and causing wage inflation because people are having to demand more as their mortgage costs have doubled....Food is not their main expenditure so headline inflation in food prices does not worry them that much they can go to Lidl...Their big ticket items are on loans...In any case to increase the rate by .25% and then expect that next month that inflation will have dropped is incredibly stupid....Changes to interest rates should only be made quarterly....As regards to conspiracy theories then I will say I believe they will keep jacking the rates until there are repossessions of homes and home price collapse...That is the signal they are looking for to stop this nonsense....It won't happen soon because of housing supply shortages and huge population increases....That is a kind of conspiracy to create a fire sale...
lidl is now as expensive as sainsbury's go and check prices around all supermarkets.
That was a sneaky bit of framing at the opening of this video. "They're doing nothing wrong in themselves, they've been paying their mortgage the whole time..."
If they now find themselves in trouble due to rates rising to historically normal levels then they have been doing something wrong. They've been living beyond their means.
Anyone who assumed 0% interest rates were in any way normal and made no plan for rates rising is an idiot. It was virtually certain to happen and it was obvious to anyone paying attention.
My mortgage has gone up £300.......no doubt others will be paying alot more....food is costing atleast £130 more each month I never asked for this.
You voted to put redtapes on 40+% of your international trading and increase manpower shortages in NHS farming and hospitality sectors. You would be surprised it has a few downsides including inflation...
Reduce tax on petrol and diesel and people will drive more miles.
The govt is working for Black Rock Bank and the world economic forum, I saw Hunt on Bloomberg visiting Black Rock monthly meetings, the pictures have since been removed but it looks like he was groomed for for the job
Need to unleash UK Brexit potential.......
Phooooaaaarrrrrrr.......
Great ideas but they would push up borrowing after 3 years of insane covid induced borrowing and if global interest rates stay up, the initerest on all that debt will just keep mounting
Four chancellor's in a year no wonder .....
Each one as thick has a workhouse butty ! 🥴
not on the bbc or sky
All that could work like Truss growth campaign but the problem is the deep fiscal hole when the riches like Rishi wife gets to record millions of daddy business income from Russia branch but her nondom status would cap the tax on £36k per year. Rishi would rather eye on Ukraine reconstruct with zero tax investment income. I would recommend to outsource the NHS to junior doctors in order to reduce waiting time and fasten the cash inflow including potentially via a profit sharing model
I think we need Americans to teach us how to do real business. The UK is way to stuffy. We are tight fisted gits, who think we are smarter than we actually are. We also suffer from scepticism that makes us think the couple pounds we make must be cherished for the rest of our lives.
At last, someone with common sense, get the Massive Hunt out alone with the poxy government, and Labour will be worse.
Who is this guy?😅😅😅
Is GB news now just the U.K Fox News?
It always was.
Rishi is a rich, ex banker, with no working class mates. Obvious who he is going to help out.
Let me guess...one doesn't include rejoining the eu😂😂😂
Being inside the EU wouldn’t have made any difference to our current situation…
would just compound the misery and money leaving our pockets faster
@@cloudstrife206
Turn your telly on and look at bak mut.
That's how we would look too
@jordan3405
German inflation is lower that the uks
Anniversary of brexit ...so we need a plan 😂😂😂😂
Ye, stop remain.
You fools unable to connect the dots yet?Brexit is your problem...you want a ruler?😂😂😂
Just cut tax and roll back socialism. Job done.
A drrop in vat would boost the economy, if it went to 15 percent every industry would thrive, production would increase due to demand as people would be able to afford things across the board for building materials to food witch then would create the need for staff,from there there will be more in work paying taxes, and then rather than taxing the country to oblivion to the point where there is no money in the country, they would the government would benefit from the sales of goods and the taxes of the people that would be employed, its its not that hard to work out
Short term bills/bonds is the way over savings accounts
Just seems like all this is by design. Recently my 6% wage rise has put me into the next tax bracket so im worse off than last year as it didn't match inflation and the government now get to take off more tax as im in the next bracket so its lose lose, im also the bread winner so my wife can bring up the kids. Im making 61k a yr which is great and i worked bloddy hard to become an engineer for this but i have to pay child benefit back in full while my mate and wife are on 40k and 28k a yr can claim child benefit and pay much less tax than me. What about if you are married or civil partnership ect it becomes household income and taxed off of that? That would certainly give people brathing space and would also be easy to do. They can solve all this very quickly.
There is a change in the world economic order occurring, that is causing panic in some of the traditionally powerful nations who have been ruling the planet through economics for the last 60 years. People are going to have to wake up to the smell of the coffee that change will occur along with evolution. Britain should not be shutting down all of its Coal fired power stations when we are sitting on an Island made of coal. At the same time Germany are opening coal fired power stations. The ecologocal argument is invalid there used to be palm trees growing naturally in Britain in prehistoric times which has been proven through archeology.
Hand Face Space...Tier 1/2/3...Zone ABC....6/5 point plans....UK loves these fkin cheesy terms. All garbage.
Fix economy…. Do away with all credit cards..we the people need to stop spending. We can choose to spend wisely boycott Tesco or Asda see how they soon drop their prices.
I would add to the above, and we can do this because of Brexit, we can back out of the EU renewables directive, and scale down emissions trading. We then need to reopen some of the mothballed Gas Power stations and get those back online. Start pushing money into new Nuclear Power stations and investigate fracking further.. Pause any investment in Wind and Solar, as they are poor sources of energy and staggeringly expensive.., don't forget wind and solar has a 25 yr life..., so not a good way forward..
So, all of Roger's plans, plus the above, and we start to get the country moving again..
I have more chance of winning Miss World than any of this happening!..💃
Everything most people spend has been PAYEd so that's a bit misleading
NESERA / GESERA INCOMING
Apart from reducing base rate, the other points make sense.
Why not reduce the base rates?
This guy got good ideas but he fundamentally wrong on gas price , the money men will never decouple electric price from gas because they make ton of money by doing nothing( from us!!! ) ...come on man !