Joseph Robertson: Debt, Inflation, Culture, Cost of Living & Regulations - MOB018
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Think what they're trying to do is because so look, what came before I was so bad. This is why you've suffered a little bit, but we're going to make any worse for you. So is that the logic pts follow? I mean, the overall story is growth is down, spending is up. Yeah taxes are so it's all sugar courses. I know IT doesn't sound too bad, but if you dig into the details, I mean, there are things that gonna hit people people way.

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up. Thank you very much about me.

I ve been trying to a trying to get myself into the U. K. Community recently because have stop traveling to the us. And obviously we met online as you do. I am probably like you a little bit concerned about the trajectory of our country at the moment and certainly can said about the the budget today.

Yeah, yeah I mean, I could be the first communist budget we've had any while. I don't like to miss words when IT comes to what the chance is doing. But and now on a series, now I think this is the beginning of what we've been talking about for a long time, right with the central bank, digital currency, creeping ideas about social credit, all of this stuff.

It's quite so initially. And soft communist, I would say it's certainly going na create much more the class divide over the next few years, particular on things like an inheritances tax. And you know be interested to see how the public reacts.

I don't know if the public has lost interest in politics altogether of there a little but angry right now to see how they act. But I don't think whatever in IT isn't to make anyone happy. It's going to have effects for the richer and society, the poorest in society, the working class, the farming community, all of them.

We're going to be angry in some way. There's kind of nothing in IT for anybody he's working, which is about the problem. Really ironic isn't that? Yeah, but I guess that's how socialist works. At the end of the day, you start with promises and you end up with nothing.

I've been when I first i'd making my old show. I was definitely a status as I was something I never really thought. The ideas of liberty is I never really had about IT. Now i've been around all in everyone, a socialist, even though previously I mean have voted in multiple elections. But i'd come to the conclusion that the exotic party yourself as a social party.

yeah I don't know if i'd say as social and say globalist, right, which is an interesting kind of new ones. But I think the difference is one believes in this kind of global hierarchy, and the other one just believes in a top down authority, an structure. I think the conservative .

party had become top down authority an and the reason I says socialist is you have the argument in this morning was only like was not socialist. We don't know the means of production. Unlike when I look at some owns multiple businesses, I look at the regulations, taxation, I feel pretty owned, I feel pretty own, pretty restrictive, restricted. And what I want to do, fear with this bug, people actually going to lose jobs because of the show, which is a way thing, but has been thrown around this socialist idea and shown no mercy for really to trying get access to people who I know. I respect and trust that these policies aren't good for anybody.

It's all shook a cosies. This is the problems that the use of language in the last fifteen years has become a real problem. For instance, starting the term socialist itself.

But you should have a really bad rap, right? You were associated with the U. S, S. I. You were associated the bullshit regime.

There were historically kind of reference points that people could look at and they could say, OK, we know where that's going happened before. And funny enough, when the U. S, S. Are tried to instigate rides over here, tried to instigate top down change, british people, namely just resisted the even even the work is even the people involved in the in the former labor party.

Y they didn't want to reveal against the structure in this country because it's provided a lot of good, much as people wants to go back in history, bash the empire in, the more the rest of IT people knew that there was a comfortable kind of feeling about at all. They didn't want to tear the structure downs. But we always escape communism, and that's a blessing in a curse because IT also means we're got no reference point.

If you go to poland today and he say, would you like to be common est again? I think you'll probably get kicked out quite quickly. They are not going to stand for that kind of that kind of language here is not there as you work.

Communism is in that is still is kind of in in the us. there. There's a little bit of IT particular the on the right of politics over they understand that and that's a large proportion over here.

And no one really cares. You know, as long as they're still got a paper to read in TV to watch, they are probably not as fast about what you call yourself politically. And it's this kind of creeping comfort that's come in over the years.

Why do you think this happened?

I think it's happened because the institutions, which have been largely capture by people who at least a marx's tendencies deep down been very clever with the labelling and we packaging. So things have have been given soft names.

You know, they don't talk openly about communism as much there might be certain people like Susan matchy who who likes to still be remember red the communist party but most people see that as a duty words um and and so they don't like to tell you what they are right? So over the years, particular with students, they read package is something cool. And eighty wants to go to the cheque of ora camp place far tonight sounds great, isn't.

But was actually lying underneath all of that is this kind of softening of history. Who was trade? borrow? Now we kill people.

That's not very nice. And well, the thing that I love is the way that this is all become amalgam acy with other movement. So you've got palatine marches, you've got common ist, you've got feminist, you ve got things like the transgender movement and ideology.

And all of these movements are completely opposed in somewhere rather domecq. Rics opposed in most cases, but they'll come together under this one kind of flurry feeling, which is socialism. And this is what they do. They they make sure that what they are trying to achieve long term, which is the breakdown of family's society hierarchy, is covered by social movements, is covered by a feeling of, but events as though, you know, you're think some good, they're helping out, you know, whatever minority is today who have the flavor of the day is. But actually what they are trying to do is break down .

the society around them to keep try to understand why I whose behind this or support of their and goals, like why, if you understand the history of socialism, the the way, impoverish parts of the world. We talked about the soviet union, and we know a various position. Europe recovered well since the break cup of the um if you look at G D P, G D P growth in all soviet countries, since they escape the soviet clutches, these countries them very well.

Why does this creep back in? If history tells us this is evil, what is like? Who's driving? Listen for White, because I tried that.

What's your own here? Is IT really just legal plunder. They just want to steal from everyone. I just understand. I think.

I think it's comfort. okay? So people have this idea, good feelings, floppy feelings, right? It's like philanthropy.

You know, you give you your money to a charity now that charity might have really, really bad rap in a certain part of the world that might be doing terrible damage in africa. And they are not telling you about IT be given some money to attractions. You don't think about that part of the right.

And this is the problem. A lot of people aren't willing go beyond surface level. So communist st start out benefit. They think that the genuine going going to give back.

And then at some point throughout their journey, we've seen this time and time again, they realize, to quote George or well, that two legs, about than four legs, they start hours, one of the animals, and then they want to become one of the humans. This is quite nice. It's quite nice.

Once he got all the riches locked up in one central bank, in one central government um and you don't want to let that gold. So what says is a progressive journey of comfort. You start out by wanting to make other people comfortable and then you get to the top and you realized you want to make yourself comfortable.

So it's kind of a progression. And humans are quite stupid, right? We're all stupid.

We all like comforts, you know, were willing to do something stupid to just be comfortable, right? And let's leave the hot water are on a little bit longer. And then Rachel will make us freeze with the new tax bill.

But that kind of feeling is, is this this discomfort we've got to get back to again and then go back to poland. As reference point here, they're not afraid to go about suffering. And those cultures, because is only one or two generations removed, they've still got people who suffered.

They still understand what I was like to not have a meal for a week. We don't we don't have that. We never had that.

That's the problem in this country. We not really had deprivation in the way that other countries have, and that's a blessing. That's that's tributes, the way the british society works for hundreds of years now. But is also left us soft.

It's left us without, remember watching one of the north korean defectors and saying, how could the ivy league universities be allowing communist indoctrination? Don't they know how bad IT is? All the answer is, no, they don't. They haven't seen IT before.

then witnessed kind of no. But that softness, I think that's been pervasive through everything.

yeah. Well, as IT is moral, its culture, its social science, logical or minutes, is gains to the point where now people are willing to take out, suffer from every part of life, and anyway, possible from whether or not the arguments about a pro life issues is an example, right, which, in the U. S.

Arrange and debated by everybody from libertarians through the right wing. I think over in europe, we can just forgotten about that. We brushed all under the carpet. Doesn't really matter the way somebody lives and dies as long as it's not painful. There's no more arguments consider outside of that.

I think we are stronger legislation here.

Yeah, we do. But we also have less conversation, right? And I think that our acceptance of top down authority in this country is going to be our undoing because we're not prepared to speak out against in france. You'll go burn a bank down tomorrow.

Well, you know, I also think, yeah, sometimes you just want to avoid the argument.

Yeah that goes back to comfort and guys, I fall on the weekend. You ve got something nice fridge IT isn't really matter. But what will happen eventually is that people won't have something nice in the fridge and they wouldn't have pacing and granny will be suffering.

Well, it's already happening. Is happening. Is that happen? Yeah, yeah. And I think where i'm from from the west millions originally. So our counsel missed down three rounds of lambing up funding. He got to the point where, even though we were considered a relatively affluent counsel, locals were having to get together to put out of money to help people find the heating about during the winter. Local communities are not council like that. Is that poverty where you're relying on that? And the more that happens is particularly with this budget as bad as we think it's about to be, then people eventually are gonna a get pissed off.

Well, I mean, I think that we have these reactions where we see the massive yeah we talk about reform, the massive crease in the vote they got that to me is a reaction yeah that's a reaction to, uh, I think the conservative party not really been a conservative party as much anymore, their movement to the center um I think the riots themselves, I still think my fundamental belief, the south rise a weren't really an issue of anger tt murder itself.

I think we can all be angry mother and we see and we, I mean, how many things? I mean, old new member, the dumplin juices, we could be angry at murder. I also don't think IT, I don't think IT was an immigration issue.

I think this was an issue of a frustration with the establishment. I think people have gone through COVID, been locked up. I think that have the business is destroyed.

I think we've seen increase in tax age. I mean, if you look at the growth of taxation of percent of GDP has been going up since nineteen ninety four um and that's a squeak on people. And I also think that we've been through a period of high inflation due to the fiscal responsibility.

I think it's just a frustration. I think Tommy Robertson are not fan of in the slightest, but his supporters are A A reaction. I think everything right now a reaction because people are frustrate you. You said, I wonder if people just don't care about politics anymore. I think they just don't know who to vote for.

Yeah, I think everything is political. I wish one of the problems because then you starts her instead of thinking about who's ruling and actually, you know, doing the business of westminster is quite boring. You want to know who's interested in your issue, right? And Tommy has an issue which, by the way, regardless of the man is super important, the grooming gangs hasn't been spoken about enough in the mainstream discourse. So naturally.

but that's that fear of comfortable.

This is the fear of having uncomfortable sation. In fact, matter wins at the see other day. If if the media and political class had actually paid attention to what was happening with the screaming gangs, spoken about them openly and done something about them, there would be no Tommy Robinson since said he wouldn't be necessary, because his work would have been done, right? And then he won't have to suffer.

And people who dislike him went, have had some call out, right? So, so is kind of symptomatic. But the cause, the root cause, is that this new media class, this new list, al class, and and also has been at this new commercial class now as well, are so weak and so self serving that they don't actually care about the issues the general population cares about. They don't care about the gloaming gks. They don't care about whether or not the salable murder happened.

I change. I think they care. I think they are. I not think .

everybody in those classes doesn't care. But what i'm saying is the overriding feeling is this isn't as important as political capital.

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career or is kind of a highly archi of needs, right, which is that i'm not saying they don't care that somebody died. Maybe they do, but it's a lot further down the iraq of needs than IT is an hours to be the stables pretty and daughter was raped. Ed, that's pretty bad.

OK to us it's a media we can relate to IT to them and is like, okay ay, that's bad. But IT be even worse if if we made these people will be even worse if we got voted out. So let just think about IT that order way around.

It's a nummi down of reality. And the problem is with a lot of these people is the they haven't lived much outside of their bubble. We got a political class now, which I would say is probably the least capable outside of politics that has ever been.

Did you listen to the i'm not huge wife and my huge fan of the rest is politics because I establish from people, but I I listen to their interview the debt of major. And did you hear that I saw some .

helps I try to member the exact detail.

but was something along the lines of what john major is very stute observation. He said historically, um conservative politicians either came from business or the military. Yeah achieve something. And labor politicians had historically come from kind of unions and representation of the working class.

He said all these people had experience uh he said right now we have a political class essentially established itself as as a teenager or maybe a student ah, and we have these career politicians. You've never built up this. Don't understand what is like to run a business. No stake hold. No stake hold.

I mean, as somebody runs S A business, I know full well the extension of employment laws are bad for employees and bad for employees because all you do is you find a way to navigate around them yeah um I know is somebody one of my businesses is a bar. The extension of the minimum wage, a time when we are uh a struggling as a business to bring people think because we've had inflators pressures that's going actually cost probable one personal job. And so you know, business rates, i'm trying open another business in the business rates and the taxes and the regulations IT makes you so hard to create a business I know is a business owner.

This is difficult. If I was a mir, I I would try to liberate or give us much relief on business races. I could possibly, I would try to reduce taxation, but these people don't they? They constantly see our productivity of something they can take from, but they don't understand the consequences.

Well, they also didn't appreciate the the way after work. So there is one of the fundamental problems in Marks. And you can talk about the social implications, but they don't fundamentally understand capital flow, right? So without the capital being puts up, the worker doesn't get a job.

So the worker can't be in competition with a business owner. Business owner if he wants to take the line share, okay, maybe can talk about what that he should be permitted to take the line share. But if he puts up the line share of the capsule, then he's entitled that it's it's like, you know, making a bet, right?

You put that money down, you expect to get return as what you made the bed. But the way communist here is like there's this unlimited flow of money at the top. So the only solution really to communist europa is available to them.

Now in the current present era. This is really important point, because hundred years ago, there was no such thing as digital money. Now there is.

So you can make an unlimited flow of money, not based on gold, not based on any other kind of caps, to accept your promise as a central bank, as a central government. And everybody has to believe that that money is there. So this is why it's really interesting.

See what the result this U. S. Election is coming up, because problems going to take us back to believe that gold exists, which is the way the world is, always work.

And if the democrats win again, they are basic, just going to create hyperinflation, disguise ed, as making more money. We're not gonna en anything. We saw a little kind of tremor of a drink covered.

We saw IT in a way with what russia soon that was doing with spending in this country. But just in absolute llamas. We don't have the money to pay people more.

We have the money to clear the debt.

Well, the out that is ridiculous out that is, is now that I don't think there is a single country who could reason be, say, within the next hundred years that they can be debt free.

I would put one up as a big .

on our else.

I would sure.

because they ve they're en into what the next stage of currencies gona be. They're doing IT early. Yeah none of these of the countries are doing that.

There's no brick coin isn't the only country that really does this is china. right? Because they've ready got wage chat theyve already got a system that they can exports where the countries which is digital.

I don't have as much faith in. Uh, trouble is you do with regards to you happening to gold, a unit that he has, he has had an open position to bitcoin um but he shows the market is heavily when he was present. Lost to my .

point is that trump understand the value of gold because because he is a guy who's built his wealth based on that over the years, he understands the way the fiscal system works very well, and the people are random, definitely to. And so he's not gonna want to undo that all overnight. He might have new ideas about the way things gonna, but he will be incremental changed.

But he he doesn't understand that just in the market of political capital, and he did IT before. But Price coverity, I think of the increasing national debt by three point nine trillion. And over the same over his administration.

He was about the same as what violence is gonna. He definitely juices the markets. He could choose the market share .

Prices up is a good a good having actual production as so he cus production as a way to counterbaLance that by bringing back production to market. And that is kind of an admission that you need real captain course.

I mean, I look, truth is spin to be spring has I think a financial reckoning is coming for the entire west because .

surprise doesn't happens on.

you know, and the people there, the people I know understand economic. They say, uh, you can, you can stretch these economic problems out for a long time. You know, you can freeze on taxes, you can freeze on inflation, freeze on debt.

Uh, uh Stephanie, cultures of the world are completely disagree ree with the h monetary theory, but you can stretch out for longer than you expect. You can increase the pain over over again. But the reckoning will come and the only way to what the daddy can't be paid IT won't come through growth, the only way through inflation, the way they can get rid of IT. So my expectation is this ten, fifteen cent inflation we have will seem pretty small to what's coming.

Yeah I I mean and also where do we go from there? You I mean, regulation is always the solution to a crisis, right? Is like dickinson after nine eleven, he's going to the dictator of the financial world this time round because we've just had you know so many crisis in the last five years.

It's been one after another nonstop. And every single time there's a crisis of any kind. With there is health, with there is economy, there is social. There is some kind of legislation that gets push through on the back of IT.

More debt, debt more regular.

more debt, more regulation. So let's get to the point where there's nothing left. And we really mean that this time there's nothing left. We can't refill the coppers.

So what's gna come next? What what do you think? I mean, question with your background as what do you think is gna be this state's attempt to regulate bitcoin, all these kind of alternative currencies because he is going to be coming us now. I don't feel like any of this is .

IT outside of their right IT depends you. I think more regulations likely come for the democrats and liza's Warren has pushed heavy regulation. Um the treated thing about big is you can't stop IT.

It's an stoppable beast yeah what you can do is you can control the uh, access in two, an access out of IT, the only rams and the all france so you can control that they've tried. One of the things they really dislike is a the self house device is what they go. The fact is, you hold your private keys.

I hold my big count. So go back a step. I lost my bank account with loyd because I got a phone call one day when they found me up in them for twenty years, and they said, IT must have been like, so must have been like twenty two years old. They said, we want to run by a couple of transactions for yours.

I show you what are they and so they raised and said, what were they like? What would you mean? What are she's like? But where have you transfer the money to? Was like and so I question, I said in my under investigation and they said, no, we just need to know us I will look at no offense but on a growing man he was fully one at the time for two kids multiple successful businesses.

I don't know you and uh, so it's only a business like no fans. But do I have to tell you they said no that was no business is on the police investigation. Fair enough.

What's your proper cool cause? Yeah yeah. So anyway, two two days I get letter, my bank house sand close down OK that's 人。 So um I now hold the majority my money in bitcoin for two reasons.

One, I want to protect my work. Ultimately, i'm self suffering. I can leave this country.

My book in com be taken off because I hold my private keys. I think this is the fear from the dam. And they will want all bitcoin transactions in the us.

On a loud financial rails so they can track no's. Nobody got one taxi. They were struck to get rid of IT because black rocks are so deeply involved now.

So I think the regulatory lation will be will come from the fact that they fear this exit from the current system we seen in the in the E C B. Just put out report recently with about bitcoin. What they fear is people have an alternative to their a debasement.

And I advocate to everyone, everyone I made is that just going on about bitcoin and understand why this is something you should consider as part of your wealth and part of your wealth protection. And as as IT allows you to avoid the basement, it's puts the position of these government central banks in the position they can flow their debasement to you. So that's what they think, I think they will could try and control the only personal friends. That's what I think I think.

no, yeah that is interesting in these countries to feel like we Normally five .

years behind and and IT .

is so expansion ally increased since we started talking about national digital currencies as well. I member reading a White paper couple years ago um about you know what we should be doing, trying catch up with the the so call break coin as opposed to what are the countries are doing at the time. And what really scared me with the nativity scared me that people at the highest levels of government don't really understand their stuff at all.

They don't get IT. They don't know how to implement IT. And also the other issue we've got here is that there's there's something that happens in every country, which is grand strategy, which last a lot longer than the government does, that last a hundred years. At last hundred and fifty years.

What was what the people who stay behind the scenes in the walls of power are thinking about long term, which is in these countries, the civil service and the monarchy, to an extent, although they don't get involved as much anymore when these other countries, china particular, and is an example. And and you know what we were call perhaps the deeps they in the us, but everyone want to call them. They're going to, they're going to have the democrat party.

But no, I think it's more than that. I think I think it's the people stay on even when the democrat party on there, they are looking insulation to this stuff. They have got ways to deal with that.

I feel like we become very short term st in the U. K um we're very active to different economic struggles, were not really thinking about what we're going to be doing in twenty years time. And I think that's effects in the way the civil service think about things.

You know we give the the civil service a hard time, but the one important job they do for film is continuing. Cy, right? Therefore, when the government leaves.

So their job in the in the last twenty years has become so stretched and warps by all of all this kind of work agenda that's coming through. IT is taking up so much for their time, if that makes sense. They have not had time to focus on the real issues like economics. And so we're suffering a little bit because they care more about the the eye than they did about where our one's going.

That I mean, look, if you if you go and look about the most boring issue of voters, the economy, but really when you look at the top ten issues, most than late to money in the economy, everything else is a .

display in immigration, which is talking a lot of poles now is directly because of economy.

Yeah, all of IT comes down to a look, if people are feeling poor, they feeling angry, if you can, if you skipping a me or you, you can't take your kids out. You can't buy proper Christmas present, you can't heat your home like these. Are these fundamentals that a lot of us are lucky to have, but these have been stripped away from people that are just going to make you they're just going to make people angry.

And I don't I know. I mean, look, have been read a lot of i've been going back a lot of U. S.

history. I've been read in federal papers and, uh, establishing the constitution and the full side. These people have been incredible. But he was jeff s, and fully understood the risk government death, how that would lead to improvers in a nation if all these things, the receipts, are there from history.

Yeah, every one of our western liberal democracies, I was falling the end for the same mistakes over and over again. And I think the problem is we don't have an educated public. I think, yeah, I think every labor voter has a poor economic frameworks. They just don't understand economics. If they did understand the basics economics, they know they would be voting not only for paying for themselves, but for the net country as a whole.

I tied back against the work. Comfort doesn't. Yeah, I think you, you in this day, age, you gotta little bit uncomfortable if you really wants to.

Yeah, I mean, you got the internet there. Two collects away from serious. It's come for, you know, you can read about anything you want, any topic you want.

You can see anything you want on the internet, which is a blessing and a curse, right? Because IT takes a way. A lot of our innocence in our enjoyment of life is human beings.

A lot of time. They also opens up this treasure, true knowledge. You don't have to have a particularly high I Q to go find out what is happening around you.

You don't have to have a university education. You can be a very complex ordinary person working a very ordinary job. And there is absolutely no barrier to you to access something that fifty years ago would have been kept from me if for your entire lifetime. Now not saying there's not also a lot this information online because there is, and i'd be the first to admit that. But you can find various able sources on pretty much anything.

But you have to know what .

you're looking for. You have to know what you looking for. When we think about economics, you might at least once and know what they do with your money, right?

You might at least want to know what your alternatives are on the financial crash. I think because these are very basic things. Again, I used the reference point about fifty years ago. At that point in time, no one was thinking under a certain economic limit about other assets were they weren't thinking about you. They might think about owning a house.

But I be there once sold us, and everything else was completely in flocks, right, ably living off the basis of how many kids they had and off the basis of what they were going to pass answer to their grand kids, right? They weren't thinking in tangible, you know, financial terms. They weren't thinking, okay, they have in crypto all at the moment.

They weren't thinking about, you know, none of those possibilities were there. You couldn't make money off the money he had. That's why the people who were working street did so well and why the poor man say poor, right? But now we've got this entire new class of assets of of possibilities to learn to make money work well.

So so yes, essentially we should have that. But this comes one of the things that makes me my sanger is that we have uh, a credited investigation to allow people to invest, which are uh, basically a rule out the battle of the country because you have to have whatever is a minimum of one hundred granted year earnings or half a million and assets um they've cut off the on ramps to uh uh backin specifically.

But I would say to people, if you if you can hold money for four years bit, when is a good is a good option. So all people really had is this ability by one house and then a second house. That's really, that's really what exists.

But that's now being squeezed because all of people can't getting even onto the first house. But everybody is allowed to download as many gamble ABS as you want to gamble your money away. IT is to me, IT is like, I want to sometimes, is this organic or is the evil? Like is this organic or people actually type? I have to keep .

the person pharmacy argument, the pharmacist actual argument rather, which is that, are you, are you looking at something that is genuine for you? good. Are you looking at something that advertising? Because doctors back in the one thousand nine hundred and forties was saying that smoking was great for your lungs.

Good for losing way.

Good for losing way. Way is good for losing way can be. But anybody who has that much attract record, I think about my name, is ninety six now and doing great, good. And she's had a little bit red wine, and he lived a good life and she's well, which probably helps. But when I came to taking the cove of vaccine, should know, no way, no way. I mean, already in nineties at this point and some of my family were quite, quite for IT, some were quite against, and we able why do you think that I live three mind?

Some people even .

know what you talked about, that something, even if I tell me this was a drug that was put out onto the markets, posited to get morning sickness for women who are pregnant and and I ended up causing mass issues with pregnancies, informants, abNormalities, in some cases, death. And IT was withdrawn from the market, and then IT was put back out again.

In certain countries under a different brand line, I believe it's still on the market and very, very limited supply is still excess. Advertisers can, but this is the point I can all come back round again, right? Because i'll ll new ways through package IT look at what what's happening now with the go vacation to BBC at best in the truth and integrity.

As I always say, they are finally admission that they were vaccine harms and vacation damages. IT doesn't go into the complexity of IT in the scale of IT. But the very fact that there is that admission right just proves that they had information all along that they weren't releasing.

It's not just come around now. Yeah no, it's just they finally picks IT up off the file cabinet. IT says, right, this month you can release that.

I know how journalists works. That was a journalist, right? You wait.

Everything is, is a time cycle, okay. Is IT topical? Well, that should not be the first question.

That should be, do you care about the millions of people who tended ally lost or gonna lose their lives? But that does not come in to, is IT topical? Will I get clicks? Will IT painters in a good, bad light? IT goes back to the political chat Marks, right? People aren't thinking about the moral argument first.

They're thinking about the optical argument and then the marketing argument and then the clicks on bees argument. And then finally, how does this impact people? Is such a bank with twist ted system?

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I actually I fell for all about the code, arguments。 I fell, fell the lock ups to begin with yeah um i'd gone out to turkey to make a documentary. H when old one was a uh trying to send or all the immaculate across in degrees so we had to make a documentary as I left uh borgo of the borders.

So I gives like the day after and I came back through and I got really a really sick um and I was following the documentary that we made in italy and I I fell for IT. But I I don't even if it's falling for because I think I think I did IT was a unique situation for other people at the time. Only when you think critically, yeah, you can stop this thing.

But anyway, I kind of felt that. And then I fell for the jab. Um I need to do and cy, my dad and I was not feel for the jab at all like at multiple vaccinations.

My doctor said, absolutely find I didn't give for my kids so interesting. My doctor said, look, you will be find point in a few kids he was only six one eight my day said actually. No, top up.

Yeah, a good doctor.

Look at the own doctor himself. At the time, he felt there was no risk with the cove vaccine. He he took the information he taken. And I just wish I be more skeptic .

and I just wasn't so I very lady wasn't but I ended up falling down a abbot hole thanks in the first lock down onto don't know about that. Not not just an accent that causes early death. But there's and also I would say as well think one thing we're funny out about the accent I can do talks from IT, which is goodnesses couple of things in the market.

I'm not going na put my name and put my name of medical recommendations, but yeah there there's some good stuff out that's worth researching um but one thing you know the first day they want to go. But you know I got the tip off from somebody that was working with the lockdown was happening tomorrow I was having in a flat central london by myself I would probably got mad, jumped off balcony three weeks ince lock down, says like no going to go up to see my parents and west dons spend some time in the countryside. Yeah, a great shout.

But on the way out of london, I got the tube. Tube is slow out that day. They weren't three days later. And he had a business reason. There was some guy coffin as lungs up, and he looked unwell, very unwell.

You know, this guy was in serious distress, thinking and excited in the video, people writing and frothing on tables, and all wasn't. But no, the internet does that. You, I can I help her in any masks.

So a lot of keeping everything. But then, as seems I got shot shit, which is where i'm from originally, I realized that no one else was ill and obviously had travelled as far as I did eventually travel. But all the time that I was there, no one I knew got sick.

I got IT at once. But that was in the third, many locked down back when I was in london, right? And IT wasn't great.

And he gave me some permanent, so that not problem, but seme problem, like facts, like lasting sense of smell, can smell for about three years, two, three years. I can smell things. But IT was weird and not quite there, which was a very od, not kind effect. I never lost my sense of taste.

yeah. One of my friends was, since taste, I I had A, I had to be able .

to lose one without other is what made me start question with the depends strain .

that yeah strings where .

they are not as a biological age in all all of this kind of stuff. But when I was up there, I thought, so this doesn't seem like it's real. And I started on that promise, going down a rabbit hole of trying to find out what was actually happen. Please clean all the rest of IT. I came to the conclusion that was something really going round. But I quickly realized that what was happening with the lock downs as either massive over action or massive under action, this was the thing that clicks in my head halfway through, is like, if this thing is as bad as you say, IT is, it's kind of nothing we can do. And if it's not as bad as you say, is why we doing this?

Yeah on same point, right?

And everybody I spoke to, even after that, we kind of had the same action, just like, well know in people who have ologies not kind y've said, well, the lock down argument could work in certain circumstances depends on the, you know, how how transport that is, the way that jumps and all the rest of IT.

But if you're going to do that, you'd, i've had to shut all flights in, and now day one off everything, off logistics, that gonna be anything going in and out the country, and you'd, facts have a completely internalized economy. They could have opened up and done things like sweden so that you made sure that you were working all of your germs out. Because what happened after all? Gill, yeah, right. Because none of us have been sharing germs were about three or four years. So I quite quickly realized this, I guess, from there and I was, what are you going to call .

me out antibacterial? Somebody put me once that that I wish I thought about this is the very so they said, the only way you can stop the spread of cover is to shut down air.

Yeah.

it's like you can't shut down air and and got I I could take a soft argument. The start is like we need a small shut down to prepare the hospital. I know a doctors working in coming to the hospital, and another didn't view with them out there. And they went from a trick of people to cues, to decline emergency, I think, about about twenty four hours, and people were struck me to breathe.

There was clearly an issue. There was something was an issue. And he was really concentrate in cities. But I thought about one other thing. And when I was speaking to a nca live next door during the knockdown, SHE worked in in hospital in one of the nearby towns, and he said that they were emergency putting. They had been for weeks.

I said, all right, how many cases if you had well, we have not had any yet, but the next hospital, which should stay contract, they've had loads theyve had loads telling us, I sport, for a few weeks later, how many cases we had what we have one now, okay, this one was working night ships on emergency stationing all the way through the panda. Now i'm not saying that the virus and exists. I called IT, right? So I know IT existed.

But what was happening in cities with nothing like what what's happening in the countryside, there is a reason why the forest lighting go on hospital was never used, right, which is that IT was bad and concentrated areas like every body of bronchitis, like every single seasonal flu. But IT wasn't spreading in the way people thought I was, particularly to Young people. IT was to old people, and IT was affected them badly, because every illness affects the elderly badly.

So why then where they concentrate in the elderly and putting them into homes where IT spread like welfare all the way through, if they knew that the only places where they were spreading were the most concentrated areas of society? Yes, this is one of my questions. right? The whole, the whole thing are not pointing finger, yeah, but the whole thing just just be kind here and say that was nonsense o from a purely medical point of view, so many the decisions made were clearly not medical.

Do you think? Do you then obviously then fear over to that IT was no reaction. Do you think part of IT is so there's a moment in time where something feels like a national emergency and you get to step forward, a pollen tisa and be .

strong and I think I think of the perfect e in the time thing with ukraine about to be ukrainy up for discussion and you can talk all day long about in a the security race pop um what IT wouldn't do but the way we seized on all of those crises, the way boris was quick to leaders in to all of them, proves to me that he was practical capital. Because a pragmatic leader has, number one, I don't want people to die while he was saying not only let the bodies power high, which is typical of boris, but also lets get into a war I mean, what leads consequentially leads people into a war on purpose. They they might tone yeah name you might be around yeah but my point right even on guys of so what was .

boris going .

to get out? IT wasn't get a very welcome distraction. Everything was going on around them, which was that the tory government, already by twenty thousand people, forget this was beginning to be hated.

One of the reasons why I survived so long was partly because of code IT also got unpopular because of the financial spending after code. But IT stayed in power because there was no appetite really for political change. No one was going to go out basin a new government .

and ethnic crisis yeah um this appetite .

now there .

is now by the way, I should say I think it's now become socially acceptable to discuss covered publicly you aren't some grazy right .

thing but he took a long .

time so turn up to the U. S. IT came up IT IT was social accept a lot earlier yeah here is taking time.

is taking time. Yeah and I think it's also, again goes back to the comfort point. Yeah again, we don't like uncomfortable .

conversation. Okay, well, let the budget now. I we should watch IT.

This government was given a Mandate to restore stability to our economy and to begin a decade of national renewal .

to fix the .

foundations and deliver change. I can confirm that we will accept the low pay commission recommendation to increase the national living wage by six point seven percent to twelve pounds twenty one and. Work up to one thousand four hundred pounds a year for a full time worker. I am announcing an increase in employer's national insurance contributions.

We will increase the rates of employer's national insurance by one point two percentage points to fifteen percent from April twenty twenty five, and we will reduce the secondary threshold, the level at which employers start paying national insurance on each employee salary from one thousand one hundred pounds a year to five thousand pounds. Today, we will increase the lower rate of capital gains tax from ten to eighteen percent and the higher rate from twenty to twenty four percent. I will today provide forty percent relief on business rates for the retail, hospitality and leisure industry and twenty twenty five twenty six up to a cap of a hundred and ten thousand pounds per business.

We will abolish the non dome tax regime. IT will be no extension of the freeze and in contacts and national insurance stretches beyond the decisions by the previous government from twenty twenty eight twenty nine personal tax stretches will be updated in line with inflation. Once again, the scale and seriousness of the situation that we have inherit cannot be underestimated. Together, the hole in our public finances this year, which requires every year.

right? I kept, I kept lose and nose possible as I expected.

No, I mean, think you'd one alright, IT. IT was interesting because IT was very, very like clear where he was signing from. SHE was making sure that know you all inside, you're all on side and we get way. Seems something I meant to be a judge scare of the way through. I think the biggest, the biggest grown was probably around the the contributions.

Well, so I think this one she's she's been clever. So the cap gains, she's changed low rate from ten to eighteen percent, uh the highway from twenty to twenty four percent. So anybody who has assets which is a small kind of small portion of country um is not enough. I don't think they are fully test the africa of like if they had brought in forty percent, you would be people fuck that.

Some of like was he was also the way that SHE SHE made sure we knew which .

other countries we were still ahead, of course course. But the national survey interesting in that she's raised IT uh to fifteen percent and drops the uh, threshold where you are paying for thousand one hundred and five that's inside a fuck yeah I mean.

the overall story is growth is down, spending is up. Yeah taxes is erupt. So is is not good budget but the way they package that was very clever yeah I mean.

but but also on the national, we didn't see the threshold, but not for small businesses. So it's kind of like she's he was quite interest about IT doesn't actually he feels closer to the underground.

I think I what they are trying to do is make say, look, what came before I was so bad. This is why you've all suffer a little bit, but we're going to make any worse for you. So is that the logic you've had to follow? But the one thing I would say is if you look at, for instance, on the inhalant tax, that inside of things, the way that's going to affect small farms yet is just insane.

I mean, no one has a farm that's just worth a million pounds. So you've immediately put small family farms out of business after this generation. Just resized. You pretty know this well.

Better than me. We've had kind of weeks and weeks of rumors of what's coming in the budget. And this sounds scary to two questions. One, other leaks to test the reaction to policies. And secondly, are there leaks to make things sounds worse? So when they finally deliver is and not as bad is, oh, you've got to like up yes, it's not forty percent that gains twenty four person, but is still twenty four percent yes.

I mean the way people Normally works with focus group choice, they're onna. Test the water and see what direction into a certain policy properly within in the confines of an opinion polar, a market research group. But whatever is that they use, labor will probably a different methodology to to the tories.

But I think was been happening that the rhetoric has been so heated from reform and from generic saying that you are minister and power, which they do. But these guys aren't stupid. They're not going to just announce communism overnight. That doesn't hi guys, here we are. So it's all sugar code is I know IT doesn't sound too bad, but if you dig into the details, I mean, there are things they are gonna IT people's raw cause critically, working class people.

particularly people and small businesses. yes. Well, IT is increase in taxes. First performers. yeah. okay. So we're going to increase in taxes and lot of their promises down the line. Some of things i'll be interested to see as I try to keep no, just hard all the time.

But I was like, okay, so um inflation the targets, two point five percent this year, two point six percent next year, two point five cent, two thousand, two thousand says five years of close to two percent inflation yeah. I just personally don't see that happening because borrower is going to be increasing. And if I going to increase .

the service, there were so many of announcements within the budget about where extra money is going. But every time he said we're making a saving here, are you paying tax together? All small numbers like, okay, we save two billion here.

We save twenty billion here over the course of the next five years where you're going to get your immediate cash flow to. And one of those. One billion, someone like that. I mean, that's an eleven point eleven, eleven point seven billion.

I think is eleven point eight.

eleven point eight million. That's a lot of money. So that plus the police office was one, so we're up thirteen billion, right? So that's very thirteen billion taken out of the twenty billions that you ve saved on this small tax engine. So why is your big money coming from?

Well, but he just say, but to me, one hundred and twenty seven billion, which is high because if you think, uh, I mean.

the text is going to be from borough, yeah, it's not going to be from any kind of capture again. Yeah.

that's how you hide IT.

Also the parties, the paris. So we're putting was in three billion, three point nine billion into our defense spending for next year. great.

Oh, and we sending four billion novaes of the ukraine, how is interesting? So we were eight billions over there, and then we putting eleven billions of these reparations. So is only where your promises, right? It's really national defense comes somewhere higher up than anything else. Surely economy comes up somewhere higher, but everything is it's all been costed in this emotional language.

That's very nice. So we're giving reparations if reduce borrower have been moly impressed yeah they've managed to get away this look. But the truth is we know where governments is if the if they hit their thread hold of what they can really tax people, they just go to borrowing. It's just a different way attacks in people yeah and that's my worries that, that we will just see a massive increase in born that the problem is we're not gonna for a year, two year, three years.

Please give me very matter and what that I think yeah I don't like like you said, the point you made at the beginning, this quite sens is very similar what the tories were doing. It's not that different. Of course, there are some more socialist policies in this, like inheritance tax as an example.

But borrowing right, is is going to be similar. You know what? Where they going to bring in new business from as well.

The non bomb tax is interesting. He was only sexy fish is going to have less clients. This is terrible .

territory.

terrible but yeah so so so they'll be small changes. But I I I noticed that there wasn't too much talk about m many of energy a little, but obviously with the energy section .

the bug they have the twenty two billion .

a carbon capture ah .

is very expensive.

I didn't have much charge energy you're onna get from that but that will be interesting to see he got given the ground to open .

this up and I think quite small. It's a tough one to really .

fully at this no wound general feeling of of of trick on, you know, like all of we still losing money, all this I think .

the conservatives will struggle to attack .

this yeah reform are probably already having a field day yeah seen some well is a lot of IT is like a forty billion in taxes being going up you know all this of they're putting actual numbers on that, which t but then is also about you this huge kind of open goal question about the Green agenda is from all the way through this. 好。 I mean, you you've got so much money struggling out, I think they cost IT the cost to the taxpayer for the internal combustion engine ban by thirty push slight now but you have been one hundred and million.

Well the tRicky thing with that is because I was listening to this talk other day about um the introduction of a payable and all tax yeah today .

because that he definitely won't do yeah I was like.

I think about this what you do no one to accept IT. But the point they made but what we're moving to electric vehicles at time when we're fully electric fleet, they will have any fuel duty is not they won't want their money from elsewhere.

You know, even Better, there's another plan, give a pay by mile for electric vehicles that they have been considering.

Well, I assume this is IT.

This is financial is nothing to do with energy, nothing to with climate. All of IT is to do with financial gain, right? So the more cleaner zone as they can correct, the more new ways they've got of charging.

You've having a car, particularly when if IT does, comes to the point where their science tax people on all cars, on vintage cars, that kind of thing. You've got a question whether or not it's ready about. And I saving the.

saving the planet. Well, my sun, always. This is, where can we get more money?

everything. But the unna thing this budget doesn't really look at where you can get more money .

from the but uh, I mean, he did talk about what two percent talk of productivity and .

efficiency gains within .

departments. That's what they have said that sure no talk of reduction, believe in and just too big. yeah. Well, I mean.

especially when you look at some of the departments, I mean, they are make him most departments. And this, you know the secretary for culture, sport, media, I mean that you know, sounds like some of these our education degrees that begins pop .

up just talking about reform. Some of the criticisms of them is that their budget plans went fully posted and perhaps are a little bit not even for a place of not understanding out of run government anything fair and at all.

I think there's something fair be said, did not any house run government because you don't know what you're up against again, I don't think there were too many problems with their with their figures. I think some of them were very slightly inflated.

The thing is when you're creating something is like that is kind of a tenuous wishlist is not really when when labor in the tories do a manifesto, they know that they are gna probably use IT right reformer doing what they wants to see government look like. If they are in, they're not saying we are going to be the government. So there are a lot more open suggestion as they go, which is a blessing and a curse strikes.

They're to get that right. They're to take the right advice. But I think most of the plans that they put forward would work is just you might not get the numbers that they're saying you get out of IT, but I would be a significant benefit to the economy. So is a baLance of well, does anyone really fix IT on what the exact numbers are? I mean, I think Rachel was probably throwing some numbers out of right, 就是 a good joke。

I actually I was discussing this for somebody recently. I kind of wish our general election was based on budget, on manifest. They submit budget and we vote based on a budget. You can attached a thing of everything .

else that the thing really yeah but be .

held up yeah because .

because ideally in a country like hours, that the only role of government really is to work out whether the money should be being .

distributed yeah, but this instance to become a lot more visual and lower taxes if if your elections based on bug. And I don't think we were so nice if they just go for the lowest, the taxes, but all to me and switches the intense cent. But there are complications.

And what happens if these coalitions but me, it's a weird one. I need to go to digestive because it's definitely going to make my life. I'm i'm going to pay more cap gains tax.

My kids are my my daughter and of schools and I know that word is of fifty point two percent. I'm sure there's people listening lucky. And the rise in the minimum national windom of ways to twelve. So comment with ten .

is ten pound for the Young garage group yeah but .

company previously was, but it's six per six percent of .

but I am eleven. I was eleven something.

So I we paid twelve anyway in my bar. Yes, we put at high. Yes, I also probably up to thirteen. Yes, just cover that. But that exists.

I don't like the extension of employment of rice, and it's going to sound weird, but I actually like something one of this. I prefer the U. S. system. If you want to get rid of something, get d of, I think that could see the change incentive for the person to perform. Yeah, rather be protected by law because what happened tends to happen is if you have to sometimes get ripped, but you need to you have to navigate this complex. The rules where where you can end up being suit is just ridiculous if .

people are no good together to them. Yeah, another point as well is this five cent stamp ty on second homes because this is gna kill landor's. They're just not onna. Think about a lot of them if they were thinking about making investment in a second home so they could rent out and that could be a blessing in a curse again.

Well, I guess it's a good for their base who are saying they .

kind of like my son no.

no, it's said you about but also I percent no, there's no incentive to invest in a second home.

No, no, I but i'm saying for kids, this is same across the board. So they're they're going to be buying homes at the moment as IT is for those who want to invest. I've got a friend whose I think mid twenties, something like that, he's already managed to buy a house neuer as an investment, right? So that is obviously incentive something people you know i'm going into into the verses they anna create property portfolio o they wanna on doing that, they're know let's take five .

cent on every few they purchase. All right. Well, listen, i'm going to go to justice. Anything else you wanted talk .

well now I think I think that was a pretty IT was funny yeah I giver that he was surprisingly .

whitty I won't I was .

yeah the point is you .

mention an open golby because been dreadful, but absolutely terrible. And so you know there's no part of me that that feels defensive about the conservative part. These would like, fuck that make me I did a terrible job, but I expected something terrible.

And I was like, okay, you've been firm. You've been kind of funny. And on the face of IT, some of this seems OK and sensible, as if you accept the role of government is to redistribute come. Ultimately, I just want politics, which which makes government yeah reaches the tax band. But if for my labor friends and I was just .

neutralizing and land, which as long as he can keep that for hard up for long enough, and he doesn't go too far down the the retorted rabbit hole of what he used to believe on the german carbon, then he should be alright. He should be right for another six months.

They think they are pitching .

for the second .

was quite bold. Second yeah great to make you that is fascinating and.