Wealth InequalityEnough is EnoughTax Wealth Not WorkEconomics of CovidRich get RicherPoor get PoorerEconomics ExplainedTax the RichEnd AusterityBillionairePoverty
okay welcome back to Gary's economics
today<00:00:02.960> we're<00:00:03.159> going<00:00:03.240> to<00:00:03.439> talk<00:00:03.679> about<00:00:04.319> how<00:00:04.759> to
money all right so this is one of the
questions<00:00:11.719> well<00:00:11.960> not<00:00:12.120> just<00:00:12.240> one<00:00:12.320> of<00:00:12.440> the
question the question by million miles
which<00:00:15.400> I<00:00:15.519> get<00:00:15.639> asked<00:00:15.879> most<00:00:16.119> on<00:00:16.199> the<00:00:16.320> channel
which I get asked most on the channel
and<00:00:16.720> I<00:00:16.840> also<00:00:17.039> get<00:00:17.199> this<00:00:17.400> asked<00:00:17.640> this<00:00:17.760> question
and I also get this asked this question
a<00:00:18.039> lot<00:00:18.160> in<00:00:18.279> real<00:00:18.520> life<00:00:18.680> so<00:00:18.760> I<00:00:18.840> wanted<00:00:19.039> to
a lot in real life so I wanted to
address<00:00:20.000> it<00:00:21.000> and<00:00:21.199> I<00:00:21.320> got<00:00:21.519> asked<00:00:21.800> this<00:00:22.160> question
address it and I got asked this question
twice<00:00:23.880> recently<00:00:24.680> uh<00:00:24.800> in<00:00:25.000> person<00:00:25.320> which<00:00:25.439> is<00:00:25.800> I
twice recently uh in person which is I
went<00:00:26.560> to<00:00:27.560> a<00:00:27.679> friend<00:00:27.880> of<00:00:28.000> mine's<00:00:28.320> 50th<00:00:28.800> birthday
went to a friend of mine's 50th birthday
party<00:00:29.400> and<00:00:29.560> his<00:00:29.759> his<00:00:30.080> nephew<00:00:30.400> is<00:00:31.040> there<00:00:32.040> and<00:00:32.279> uh
party and his his nephew is there and uh
we<00:00:32.480> were<00:00:32.640> standing<00:00:33.000> outside<00:00:33.320> this<00:00:33.520> Pub<00:00:33.760> and<00:00:33.879> he
we were standing outside this Pub and he
said<00:00:34.120> to<00:00:34.200> me<00:00:34.399> oh<00:00:34.559> you<00:00:34.640> know<00:00:34.760> you're<00:00:34.960> that<00:00:35.160> guy
said to me oh you know you're that guy
what's<00:00:35.520> your<00:00:35.800> channel<00:00:36.800> you<00:00:36.879> know<00:00:37.040> what<00:00:37.160> do<00:00:37.239> I
what's your channel you know what do I
do<00:00:37.760> what<00:00:37.879> do<00:00:38.000> I<00:00:38.120> do<00:00:38.280> how<00:00:38.399> do<00:00:38.559> I<00:00:39.360> how<00:00:39.440> do<00:00:39.600> I<00:00:39.719> get
do what do I do how do I how do I get
rich<00:00:41.719> and<00:00:42.039> um<00:00:42.600> I<00:00:42.680> had<00:00:42.840> another<00:00:43.120> friend<00:00:43.320> of<00:00:43.440> mine
rich and um I had another friend of mine
a<00:00:43.879> Japanese<00:00:44.360> guy<00:00:44.559> come<00:00:44.760> around<00:00:44.879> to<00:00:45.000> my<00:00:45.160> house
a Japanese guy come around to my house
and<00:00:45.440> we<00:00:45.559> were<00:00:45.760> cooking<00:00:46.280> dinner<00:00:47.280> and<00:00:47.399> he<00:00:47.480> said<00:00:47.680> I
and we were cooking dinner and he said I
want<00:00:47.840> to<00:00:48.000> ask<00:00:48.199> you<00:00:48.399> like<00:00:48.559> you<00:00:48.680> know<00:00:49.320> you<00:00:49.559> you've
want to ask you like you know you you've
got<00:00:50.000> a<00:00:50.079> lot<00:00:50.199> of<00:00:50.280> money<00:00:50.480> can<00:00:50.600> you<00:00:50.719> tell<00:00:50.840> me<00:00:51.000> how
got a lot of money can you tell me how
to<00:00:51.239> get<00:00:51.440> rich<00:00:52.120> and<00:00:52.559> um<00:00:53.559> it's<00:00:53.760> a<00:00:53.960> tricky<00:00:54.199> one
to get rich and um it's a tricky one
right<00:00:54.600> cuz<00:00:54.719> I<00:00:54.800> was<00:00:54.920> thinking<00:00:55.160> when<00:00:55.320> this
right cuz I was thinking when this
second<00:00:55.920> guy<00:00:56.039> asked<00:00:56.239> me<00:00:56.440> if<00:00:56.520> you<00:00:56.680> came<00:00:56.800> to<00:00:56.920> me
second guy asked me if you came to me
and<00:00:57.160> said<00:00:57.320> you<00:00:57.440> know<00:00:57.559> how<00:00:57.680> do<00:00:57.840> I<00:00:58.519> get<00:00:58.719> Hench<00:00:59.359> I
and said you know how do I get Hench I
would<00:00:59.640> say<00:01:00.079> go<00:01:00.199> to<00:01:00.280> the<00:01:00.399> gym<00:01:00.640> every<00:01:00.879> day<00:01:01.359> if<00:01:01.440> you
would say go to the gym every day if you
said<00:01:01.800> to<00:01:01.879> me<00:01:02.039> you<00:01:02.160> know<00:01:02.760> how<00:01:02.879> do<00:01:03.000> I<00:01:03.120> get<00:01:03.280> my
said to me you know how do I get my
English<00:01:03.760> better<00:01:04.040> I<00:01:04.119> would<00:01:04.320> say<00:01:04.519> you<00:01:04.640> know
English better I would say you know
speak<00:01:05.439> English<00:01:05.799> every<00:01:06.040> day<00:01:06.360> if<00:01:06.439> you<00:01:06.560> say<00:01:06.760> how
speak English every day if you say how
do<00:01:06.960> I<00:01:07.080> learn<00:01:07.360> Japanese<00:01:08.320> I'll<00:01:08.479> tell<00:01:08.640> you<00:01:08.759> what
do I learn Japanese I'll tell you what
textbooks<00:01:09.360> to<00:01:09.880> buy<00:01:10.880> um<00:01:11.520> but<00:01:11.720> the<00:01:11.840> truth<00:01:12.119> of<00:01:12.479> the
textbooks to buy um but the truth of the
matter<00:01:13.400> is<00:01:14.400> what<00:01:14.520> I<00:01:14.640> said<00:01:14.840> to<00:01:15.000> this<00:01:15.200> guy<00:01:15.479> he
matter is what I said to this guy he
said<00:01:15.799> can<00:01:15.880> I<00:01:15.960> ask<00:01:16.119> you<00:01:16.240> one<00:01:16.720> question<00:01:17.720> I<00:01:17.799> said
said can I ask you one question I said
you're<00:01:18.200> going<00:01:18.320> on<00:01:18.960> he<00:01:19.040> said<00:01:19.280> how<00:01:19.400> do<00:01:19.560> I<00:01:19.720> get
you're going on he said how do I get
rich<00:01:20.680> I<00:01:20.799> said<00:01:20.960> to<00:01:21.200> him<00:01:22.200> ask<00:01:22.479> another<00:01:22.840> question
rich I said to him ask another question
because<00:01:24.079> the<00:01:24.240> truth<00:01:24.759> is<00:01:25.759> this<00:01:25.920> is<00:01:26.119> the<00:01:26.280> one
because the truth is this is the one
thing<00:01:27.200> which<00:01:27.520> it<00:01:28.119> is<00:01:29.119> almost<00:01:29.680> in<00:01:30.040> impossible
thing which it is almost in impossible
to<00:01:31.640> safely<00:01:32.320> do<00:01:33.159> as<00:01:33.240> a<00:01:33.399> young<00:01:33.600> person<00:01:33.840> nowadays
today's society it's almost foolproof
have<00:01:41.159> a<00:01:41.320> rich<00:01:41.560> dad<00:01:42.479> if<00:01:42.600> you<00:01:42.720> failed<00:01:43.119> that
because okay so obviously people ask me
this<00:01:49.680> question<00:01:50.040> because<00:01:50.880> I'm<00:01:51.040> a<00:01:51.159> rich<00:01:51.439> person
this question because I'm a rich person
I've<00:01:51.920> been<00:01:52.079> very<00:01:52.240> open<00:01:52.520> about<00:01:52.719> that<00:01:52.840> I<00:01:52.960> talk
I've been very open about that I talk
about<00:01:53.320> this<00:01:53.439> on<00:01:53.520> the<00:01:53.640> channel<00:01:54.280> um<00:01:54.880> I<00:01:55.000> made<00:01:55.240> my
money working as a
Trader<00:01:58.360> um<00:01:58.680> I<00:01:58.840> was<00:01:59.920> a<00:02:00.039> very<00:02:00.240> good<00:02:00.399> Trader<00:02:00.719> I<00:02:00.799> was
Trader um I was a very good Trader I was
a<00:02:00.960> very<00:02:01.119> successful<00:02:01.520> Trader<00:02:01.799> I<00:02:01.880> wasn't<00:02:02.079> a
a very successful Trader I wasn't a
professional<00:02:02.479> Trader<00:02:02.719> for<00:02:02.799> a<00:02:02.920> long<00:02:03.159> time<00:02:03.479> I
professional Trader for a long time I
worked<00:02:03.799> as<00:02:03.920> a<00:02:04.000> Trader<00:02:04.280> from<00:02:04.719> 2008<00:02:05.719> till<00:02:06.000> 2014<00:02:06.840> I
worked as a Trader from 2008 till 2014 I
made<00:02:07.119> a<00:02:07.200> lot<00:02:07.320> of<00:02:07.399> money<00:02:07.640> especially<00:02:08.119> in<00:02:08.319> in
made a lot of money especially in in
2011<00:02:09.800> but<00:02:09.959> also<00:02:10.200> a<00:02:10.280> couple<00:02:10.479> of<00:02:10.599> years<00:02:11.000> around
2011 but also a couple of years around
that<00:02:13.160> um<00:02:14.160> if<00:02:14.280> you<00:02:14.400> can<00:02:14.519> get<00:02:14.640> a<00:02:14.760> job<00:02:14.920> as<00:02:15.040> a
it's it's almost impossible to get that
job<00:02:31.040> and<00:02:31.319> I<00:02:31.480> got<00:02:31.720> that<00:02:32.319> job<00:02:33.319> partially<00:02:33.760> because
job and I got that job partially because
I<00:02:34.040> was<00:02:34.160> a<00:02:34.280> very<00:02:34.440> good<00:02:34.640> student<00:02:35.120> you<00:02:35.239> know<00:02:35.360> I<00:02:35.440> was
I was a very good student you know I was
a<00:02:35.640> very<00:02:35.800> talented<00:02:36.160> math<00:02:36.440> student<00:02:36.959> I<00:02:37.080> got<00:02:37.280> very
a very talented math student I got very
good<00:02:37.599> grades<00:02:38.200> I<00:02:38.319> got<00:02:38.480> into<00:02:38.760> a<00:02:38.840> very<00:02:39.000> good
good grades I got into a very good
University<00:02:39.920> and<00:02:40.040> I<00:02:40.159> got<00:02:40.280> very<00:02:40.400> good<00:02:40.560> grades<00:02:40.840> at
University and I got very good grades at
that<00:02:41.120> University<00:02:42.000> but<00:02:42.239> even<00:02:42.480> on<00:02:42.680> top<00:02:42.840> of<00:02:43.000> that
that University but even on top of that
I<00:02:43.360> needed<00:02:43.640> to<00:02:43.879> win<00:02:44.400> like<00:02:44.560> an<00:02:44.879> like<00:02:44.959> a<00:02:45.159> national
I needed to win like an like a national
card<00:02:46.080> game<00:02:46.840> to<00:02:47.040> get<00:02:47.200> that<00:02:47.400> job<00:02:47.720> and<00:02:47.800> I<00:02:47.920> think
card game to get that job and I think
that<00:02:48.280> shows<00:02:48.720> you<00:02:49.360> you<00:02:49.519> know<00:02:49.760> this<00:02:49.920> story<00:02:50.120> is<00:02:50.200> in
that shows you you know this story is in
my<00:02:50.480> book<00:02:50.640> if<00:02:50.720> you<00:02:50.840> want<00:02:51.000> you<00:02:51.080> can<00:02:51.319> read<00:02:51.560> my<00:02:51.680> book
people to get that job nowadays
so<00:03:02.120> unless<00:03:02.519> you<00:03:02.680> are<00:03:03.120> like<00:03:03.280> a<00:03:03.480> kind<00:03:03.680> of<00:03:04.040> like<00:03:04.159> a
and study Master economics at Oxford
Cambridge<00:03:11.440> LSC<00:03:12.440> and<00:03:12.560> try<00:03:12.720> and<00:03:12.840> get<00:03:12.920> a<00:03:13.000> job<00:03:13.159> as<00:03:13.239> a
Cambridge LSC and try and get a job as a
Trader<00:03:15.239> this<00:03:15.360> is<00:03:15.560> just<00:03:15.799> not<00:03:15.920> a<00:03:16.040> route<00:03:16.200> that<00:03:16.319> is
Trader this is just not a route that is
open<00:03:16.720> to<00:03:16.840> you<00:03:17.040> you<00:03:17.159> know<00:03:17.400> the<00:03:17.480> trading<00:03:17.720> floor
open to you you know the trading floor
has<00:03:18.280> almost<00:03:18.720> nobody<00:03:19.200> from<00:03:19.360> a<00:03:19.519> poor<00:03:19.720> ordinary
background almost everybody is from a
rich<00:03:21.959> background<00:03:22.280> so<00:03:22.440> if<00:03:22.519> you<00:03:22.640> if<00:03:22.720> you<00:03:22.879> come<00:03:23.000> to
rich background so if you if you come to
me<00:03:23.840> from<00:03:24.000> an<00:03:24.120> ordinary<00:03:24.920> background<00:03:25.920> say<00:03:26.120> how
me from an ordinary background say how
do<00:03:26.319> I<00:03:26.440> get<00:03:26.640> rich<00:03:27.360> I<00:03:27.480> can't<00:03:27.720> really<00:03:27.879> say<00:03:28.159> to<00:03:28.239> you
do I get rich I can't really say to you
do<00:03:28.519> what<00:03:28.680> I<00:03:28.840> did<00:03:29.080> because<00:03:29.319> it's<00:03:29.840> almost
do what I did because it's almost
impossible<00:03:30.560> for<00:03:30.680> you<00:03:30.760> to<00:03:30.879> do<00:03:31.280> that<00:03:32.280> so<00:03:32.480> then
impossible for you to do that so then
you<00:03:32.680> might<00:03:32.879> say<00:03:33.159> okay<00:03:33.439> well<00:03:34.439> you<00:03:34.560> know<00:03:34.760> maybe<00:03:35.000> I
you might say okay well you know maybe I
can't<00:03:35.280> get<00:03:35.400> a<00:03:35.560> job<00:03:35.760> as<00:03:35.840> a<00:03:36.000> Trader<00:03:36.959> but<00:03:37.159> you<00:03:37.280> know
can't get a job as a Trader but you know
you<00:03:37.799> still<00:03:38.080> trade<00:03:38.439> personally<00:03:38.840> and<00:03:38.959> I<00:03:39.080> do
you still trade personally and I do
still<00:03:39.480> trade<00:03:39.760> personally<00:03:40.239> and<00:03:40.360> I've<00:03:40.480> got<00:03:40.599> a
very good track record trading
personally<00:03:42.560> and<00:03:42.680> I<00:03:42.760> have<00:03:42.920> made<00:03:43.120> quite<00:03:43.239> a<00:03:43.319> lot
personally and I have made quite a lot
of<00:03:43.519> money<00:03:43.720> trading<00:03:44.200> personally<00:03:45.200> since<00:03:45.400> I<00:03:45.560> quit
of money trading personally since I quit
trading<00:03:47.400> um<00:03:47.640> so<00:03:47.799> you<00:03:47.920> might<00:03:48.080> say<00:03:48.239> well<00:03:48.400> teach
trade so for this I've mentioned this a
couple<00:03:52.120> of<00:03:52.239> times<00:03:52.439> before<00:03:52.640> on<00:03:52.720> the<00:03:52.840> channel<00:03:53.319> I
couple of times before on the channel I
have<00:03:53.959> a<00:03:54.280> couple<00:03:54.519> of<00:03:54.680> times<00:03:55.120> tried<00:03:55.480> to<00:03:55.840> help
and this happened particularly at the
beginning<00:04:02.879> of<00:04:03.079> Co<00:04:03.400> so<00:04:03.560> I<00:04:03.680> sort<00:04:03.840> of<00:04:03.959> started
beginning of Co so I sort of started
doing<00:04:04.439> my<00:04:04.599> public<00:04:04.840> work<00:04:05.040> at<00:04:05.159> the<00:04:05.239> beginning<00:04:05.480> of
doing my public work at the beginning of
Co<00:04:05.840> in<00:04:05.959> 2020<00:04:06.920> and<00:04:07.040> one<00:04:07.159> of<00:04:07.280> the<00:04:07.360> big<00:04:07.519> things
Co in 2020 and one of the big things
that<00:04:07.840> I<00:04:07.920> said<00:04:08.120> when<00:04:08.239> I<00:04:08.360> came<00:04:08.519> out<00:04:08.760> publicly<00:04:09.519> was
that I said when I came out publicly was
that<00:04:11.400> house<00:04:11.680> prices<00:04:12.000> will<00:04:12.159> go<00:04:12.280> up<00:04:12.360> a<00:04:12.439> lot
that house prices will go up a lot
because<00:04:12.799> of<00:04:13.560> because<00:04:13.799> of<00:04:14.599> covid<00:04:14.959> because<00:04:15.200> rich
because of because of covid because rich
people<00:04:15.720> accumulate<00:04:16.040> a<00:04:16.079> lot<00:04:16.160> of<00:04:16.239> money<00:04:16.440> during
people accumulate a lot of money during
covid<00:04:17.759> um<00:04:18.000> you<00:04:18.079> can<00:04:18.239> go<00:04:18.359> and<00:04:18.479> look<00:04:18.600> at<00:04:18.720> my<00:04:18.840> early
covid um you can go and look at my early
videos<00:04:20.079> um<00:04:20.199> how<00:04:20.320> the<00:04:20.440> rich<00:04:20.639> get<00:04:20.759> rich<00:04:20.919> from<00:04:21.040> Co
covid-19 where I talk about exactly
this<00:04:25.040> and<00:04:25.400> some<00:04:25.520> of<00:04:25.680> my<00:04:25.880> friends<00:04:26.320> who<00:04:26.560> had<00:04:26.759> were
this and some of my friends who had were
trying<00:04:27.199> to<00:04:27.440> BU<00:04:27.960> buy<00:04:28.240> houses<00:04:29.000> had<00:04:29.199> maybe<00:04:29.720> 50<00:04:29.960> 60
Grand saved up came to me saying listen
I'm<00:04:32.639> worried<00:04:33.600> you<00:04:33.720> said<00:04:34.000> house<00:04:34.240> prices<00:04:34.520> will
I'm worried you said house prices will
go<00:04:34.840> up<00:04:35.680> uh<00:04:35.759> I<00:04:35.840> don't<00:04:36.000> have<00:04:36.120> a<00:04:36.199> big<00:04:36.360> enough
go up uh I don't have a big enough
deposit<00:04:36.960> yet<00:04:37.440> I<00:04:37.560> can't<00:04:37.840> buy<00:04:38.000> a<00:04:38.080> house<00:04:38.320> what<00:04:38.440> can
deposit yet I can't buy a house what can
I<00:04:38.960> do<00:04:39.960> and<00:04:40.160> at<00:04:40.360> that<00:04:40.560> time<00:04:40.840> at<00:04:40.919> the<00:04:41.000> beginning
I do and at that time at the beginning
of<00:04:41.400> Co<00:04:41.759> I<00:04:41.880> was<00:04:42.199> making<00:04:42.520> some<00:04:42.800> really<00:04:43.080> big<00:04:43.280> bets
of Co I was making some really big bets
in<00:04:43.840> particular<00:04:44.240> I<00:04:44.320> had<00:04:44.440> a<00:04:44.560> really<00:04:44.720> big<00:04:44.880> bet
in particular I had a really big bet
that<00:04:45.199> the<00:04:45.280> gold<00:04:45.520> price<00:04:45.759> would<00:04:45.919> go<00:04:46.080> up<00:04:47.000> and<00:04:47.400> um<00:04:48.400> I
that the gold price would go up and um I
thought<00:04:48.639> the<00:04:48.759> gold<00:04:48.960> price<00:04:49.160> would<00:04:49.280> go<00:04:49.400> up<00:04:49.520> it
thought the gold price would go up it
has<00:04:49.800> come<00:04:49.960> up<00:04:50.080> a<00:04:50.160> lot<00:04:50.280> I<00:04:50.360> thought<00:04:50.520> house<00:04:50.759> price
has come up a lot I thought house price
would<00:04:51.199> go<00:04:51.320> up<00:04:51.520> they<00:04:51.639> have<00:04:51.800> come<00:04:51.960> up<00:04:52.080> a<00:04:52.520> lot<00:04:53.520> and
would go up they have come up a lot and
actually<00:04:54.600> like<00:04:54.880> quite<00:04:55.039> a<00:04:55.160> good<00:04:55.360> way<00:04:55.800> to<00:04:56.080> hedge
actually like quite a good way to hedge
your<00:04:56.840> exposure<00:04:57.520> to<00:04:57.720> Rising<00:04:58.080> house<00:04:58.400> prices<00:04:59.160> is
your exposure to Rising house prices is
to<00:04:59.400> buy<00:04:59.720> other<00:04:59.880> assets<00:05:00.199> like<00:05:00.400> gold<00:05:01.120> so<00:05:01.320> I<00:05:01.400> said
to buy other assets like gold so I said
to<00:05:01.720> my<00:05:01.840> friends<00:05:02.280> okay<00:05:02.520> well<00:05:03.080> you<00:05:03.240> can't<00:05:03.440> buy<00:05:03.600> a
to my friends okay well you can't buy a
house<00:05:03.960> yet<00:05:04.120> but<00:05:04.240> what<00:05:04.320> you<00:05:04.400> can<00:05:04.479> do<00:05:04.639> is<00:05:04.720> you<00:05:04.800> can
house yet but what you can do is you can
buy<00:05:05.240> gold<00:05:06.240> um<00:05:07.240> I<00:05:07.400> had<00:05:07.520> a<00:05:07.720> massive<00:05:08.560> trade<00:05:08.880> on
buy gold um I had a massive trade on
that<00:05:09.240> the<00:05:09.360> gold<00:05:09.560> price<00:05:09.759> would<00:05:09.880> go<00:05:10.039> up<00:05:10.880> so<00:05:11.000> I
and yeah it was a good trade
recommendation<00:05:19.440> gold<00:05:19.720> price<00:05:19.960> went<00:05:20.080> up<00:05:20.240> a<00:05:20.319> lot
recommendation gold price went up a lot
has<00:05:20.720> gone<00:05:20.880> up<00:05:21.000> a<00:05:21.080> lot<00:05:21.240> since<00:05:21.600> and<00:05:21.759> the<00:05:21.840> gold
20% not long after that recommendation
and<00:05:25.880> then<00:05:25.960> it<00:05:26.080> came<00:05:26.280> down<00:05:26.479> sort<00:05:26.680> of
and then it came down sort of
5%<00:05:28.560> and<00:05:29.199> S<00:05:29.360> of<00:05:29.440> when<00:05:29.800> happened<00:05:30.080> about<00:05:30.360> 9<00:05:30.560> months
5% and S of when happened about 9 months
later<00:05:31.039> both<00:05:31.240> my<00:05:31.360> friends<00:05:31.600> called<00:05:31.840> me<00:05:31.960> up<00:05:32.680> and
later both my friends called me up and
they<00:05:32.919> said<00:05:33.360> you<00:05:33.479> know<00:05:33.680> what<00:05:33.840> what<00:05:33.919> do<00:05:34.039> we<00:05:34.199> do
they said you know what what do we do
you<00:05:34.919> they<00:05:35.080> called<00:05:35.240> me<00:05:35.319> up<00:05:35.440> individually<00:05:35.880> you
you they called me up individually you
know<00:05:36.080> what<00:05:36.160> do<00:05:36.280> I<00:05:36.600> do<00:05:37.600> and<00:05:37.759> I<00:05:37.840> said<00:05:38.080> well<00:05:38.240> you
know what do I do and I said well you
know<00:05:39.039> it's<00:05:39.240> gone<00:05:39.400> up<00:05:39.560> 20%<00:05:40.039> it's<00:05:40.199> down<00:05:40.400> 5%<00:05:40.880> so
know it's gone up 20% it's down 5% so
you<00:05:41.479> still<00:05:41.639> up<00:05:41.800> a<00:05:41.880> lot<00:05:41.960> of<00:05:42.039> money<00:05:42.319> like<00:05:42.520> just
you still up a lot of money like just
don't<00:05:42.840> do<00:05:43.000> anything<00:05:43.319> just<00:05:43.440> sit<00:05:43.960> wait<00:05:44.360> you<00:05:44.479> know
don't do anything just sit wait you know
if<00:05:45.039> you<00:05:45.160> want<00:05:45.319> you<00:05:45.400> can<00:05:45.520> buy<00:05:45.680> a<00:05:45.800> little<00:05:45.919> bit
if you want you can buy a little bit
more<00:05:46.199> on<00:05:46.360> this<00:05:46.680> dip<00:05:47.680> um<00:05:47.960> and<00:05:48.120> they<00:05:48.319> both<00:05:48.919> said
more on this dip um and they both said
you<00:05:49.240> know<00:05:49.400> you<00:05:49.479> know<00:05:49.600> you<00:05:49.680> don't<00:05:50.080> understand
you know you know you don't understand
like<00:05:50.440> I'm<00:05:50.600> out<00:05:50.960> like<00:05:51.360> I'm<00:05:51.479> wiped<00:05:51.800> out<00:05:52.000> like
I've lost all my money
and<00:05:55.520> I<00:05:55.600> was<00:05:56.479> confused<00:05:56.919> like<00:05:57.039> how<00:05:57.160> could<00:05:57.319> you
and I was confused like how could you
have<00:05:57.520> lost<00:05:57.720> money<00:05:58.240> it's<00:05:58.360> up<00:05:58.560> 15%<00:05:59.160> since<00:05:59.280> I<00:05:59.360> told
have lost money it's up 15% since I told
you<00:05:59.720> the<00:05:59.800> buyer<00:06:00.080> and<00:06:00.240> they<00:06:00.360> both<00:06:00.560> did
you the buyer and they both did
basically<00:06:01.080> the<00:06:01.199> same<00:06:01.400> thing<00:06:01.639> which<00:06:01.759> was<00:06:02.600> they
basically the same thing which was they
didn't<00:06:02.919> do<00:06:03.039> anything<00:06:03.240> when<00:06:03.360> I<00:06:03.440> said<00:06:03.639> buy<00:06:03.919> it
didn't do anything when I said buy it
because<00:06:05.160> at<00:06:05.280> the<00:06:05.440> time<00:06:05.840> it<00:06:05.960> looked<00:06:06.199> terrible
because at the time it looked terrible
because<00:06:06.759> the<00:06:06.840> price<00:06:07.000> is<00:06:07.120> really<00:06:07.280> low<00:06:07.520> it<00:06:07.639> went
because the price is really low it went
up<00:06:07.960> 5%<00:06:08.400> and<00:06:08.520> they<00:06:08.639> thought<00:06:08.919> oh<00:06:09.160> damn<00:06:09.360> I<00:06:09.400> should
up 5% and they thought oh damn I should
have<00:06:09.639> bought<00:06:09.880> it<00:06:10.720> it<00:06:10.840> went<00:06:10.960> up<00:06:11.120> another<00:06:11.360> 5%<00:06:11.720> and
have bought it it went up another 5% and
they<00:06:11.919> thought<00:06:12.080> oh<00:06:12.199> man<00:06:12.360> I<00:06:12.440> really<00:06:12.560> should<00:06:12.720> have
they thought oh man I really should have
bought<00:06:13.000> I'm<00:06:13.080> going<00:06:13.160> to<00:06:13.240> buy<00:06:13.440> now<00:06:14.039> so<00:06:14.199> straight
bought I'm going to buy now so straight
away<00:06:14.599> they<00:06:14.680> missed<00:06:14.880> the<00:06:14.960> first<00:06:15.440> 10%<00:06:16.440> goes<00:06:16.639> up
away they missed the first 10% goes up
another<00:06:17.080> 5%<00:06:17.680> and<00:06:17.800> they<00:06:17.919> make<00:06:18.120> a<00:06:18.240> little<00:06:18.440> bit
another 5% and they make a little bit
more<00:06:19.240> and<00:06:19.840> they're<00:06:20.000> like<00:06:20.160> okay<00:06:20.360> great<00:06:20.560> I<00:06:20.680> made
more and they're like okay great I made
some<00:06:20.919> money<00:06:21.280> they<00:06:21.400> buy<00:06:21.520> a<00:06:21.599> little<00:06:21.759> bit<00:06:21.880> more
some money they buy a little bit more
goes<00:06:22.639> up<00:06:22.840> another<00:06:23.080> 5%<00:06:23.759> and<00:06:23.880> then<00:06:24.080> they<00:06:24.240> both
just basically went totally insane and
didn't<00:06:26.639> say<00:06:26.800> anything<00:06:26.960> to<00:06:27.080> me<00:06:27.319> they<00:06:27.440> they
didn't say anything to me they they
bought<00:06:27.720> a<00:06:27.759> ton<00:06:28.000> more<00:06:28.240> gold<00:06:28.840> they<00:06:28.960> bought
basically they because they made a
little<00:06:37.840> bit<00:06:37.960> of<00:06:38.039> money<00:06:38.199> trading<00:06:38.479> on<00:06:38.599> my
sort of convinced that they themselves
are<00:06:41.919> really<00:06:42.120> good<00:06:42.240> Traders<00:06:42.639> and<00:06:42.880> they<00:06:43.479> they
are really good Traders and they they
did<00:06:44.639> a<00:06:44.759> load<00:06:44.919> of<00:06:45.039> stuff<00:06:45.240> which<00:06:45.360> I<00:06:45.440> didn't<00:06:45.680> tell
did a load of stuff which I didn't tell
them<00:06:45.960> to<00:06:46.080> do<00:06:46.280> and<00:06:46.759> they<00:06:46.919> bought<00:06:47.160> loads
them to do and they bought loads
basically<00:06:48.080> and<00:06:48.160> then<00:06:48.280> it<00:06:48.400> came<00:06:48.599> down<00:06:48.759> and<00:06:48.880> they
basically and then it came down and they
lost<00:06:49.199> a<00:06:49.280> ton<00:06:49.400> of<00:06:49.520> money<00:06:49.919> so<00:06:50.759> this<00:06:50.840> is<00:06:50.960> why<00:06:51.120> I
lost a ton of money so this is why I
don't<00:06:51.440> try<00:06:51.599> and<00:06:51.759> teach<00:06:52.000> people<00:06:52.280> to<00:06:52.440> trade
don't try and teach people to trade
basically<00:06:53.280> you<00:06:53.360> know<00:06:53.840> the<00:06:53.960> few<00:06:54.160> times<00:06:54.360> I've
most of the time they managed to lose a
ton<00:06:57.800> of<00:06:57.919> money<00:06:58.240> because<00:06:58.520> it's<00:06:58.720> trading's<00:06:59.240> hard
ton of money because it's trading's hard
and<00:07:00.840> you<00:07:01.240> know<00:07:02.240> I<00:07:02.400> make<00:07:02.639> money<00:07:03.280> as<00:07:03.360> a<00:07:03.520> Trader
and you know I make money as a Trader
and<00:07:04.120> I<00:07:04.520> every<00:07:04.680> now<00:07:04.840> and<00:07:05.000> again<00:07:05.280> I<00:07:05.440> I<00:07:05.599> do<00:07:06.199> say<00:07:06.520> my
channel um but I was a professional
Trader<00:07:11.440> for<00:07:11.759> six<00:07:12.120> years<00:07:13.039> and<00:07:13.199> I've<00:07:13.360> been
Trader for six years and I've been
looking<00:07:14.440> at<00:07:14.879> the<00:07:15.000> economy<00:07:15.319> for<00:07:15.560> 20<00:07:15.840> years<00:07:16.400> and
looking at the economy for 20 years and
you<00:07:17.000> know<00:07:17.120> I<00:07:17.240> have<00:07:17.360> an<00:07:17.520> extremely<00:07:17.960> good<00:07:18.120> track
record as a professional Trader an
extremely<00:07:20.560> good<00:07:20.680> track<00:07:20.879> record<00:07:21.160> as<00:07:21.240> a<00:07:21.400> as<00:07:21.479> a
um I don't think this is a thing which I
can<00:07:27.639> teach<00:07:27.879> you<00:07:28.000> to<00:07:28.160> do<00:07:28.919> you<00:07:29.039> know<00:07:29.120> what<00:07:29.199> I<00:07:29.280> mean
can teach you to do you know what I mean
you<00:07:29.960> know<00:07:30.440> it's<00:07:30.599> a<00:07:30.720> bit<00:07:30.840> like<00:07:31.000> going<00:07:31.199> and
you know it's a bit like going and
asking<00:07:31.639> the<00:07:31.840> same<00:07:32.039> bat<00:07:32.479> how<00:07:32.800> how<00:07:32.919> can<00:07:33.039> I<00:07:33.160> win
asking the same bat how how can I win
the<00:07:33.440> Olympics<00:07:34.360> you<00:07:34.479> know<00:07:34.960> like<00:07:35.960> maybe<00:07:36.360> trained
the Olympics you know like maybe trained
for<00:07:37.000> 20<00:07:37.319> years<00:07:38.120> yeah<00:07:38.360> I<00:07:38.440> just<00:07:38.599> don't<00:07:38.800> think
for 20 years yeah I just don't think
that<00:07:39.160> it's<00:07:39.520> um<00:07:40.440> I<00:07:40.520> don't<00:07:40.639> think<00:07:40.759> it'<00:07:40.960> be
responsible I think it'd be super
dangerous<00:07:42.800> you<00:07:42.879> know<00:07:43.240> I<00:07:43.400> see<00:07:43.840> I<00:07:44.840> I<00:07:44.919> know<00:07:45.080> that
trading has become super popular for
young<00:07:46.919> men<00:07:47.240> on<00:07:47.360> the<00:07:47.479> internet<00:07:48.000> and<00:07:48.520> you<00:07:48.680> see
them on Instagram showing off their
Lamborghinis<00:07:52.800> um<00:07:53.800> I've<00:07:54.039> come<00:07:54.240> out<00:07:54.400> and<00:07:55.319> you
know very aggressively said I think
crypto<00:07:57.639> trading<00:07:57.919> is<00:07:58.120> dangerous<00:07:58.560> and<00:07:58.720> and<00:07:58.840> day
crypto trading is dangerous and and day
trading<00:07:59.240> is<00:07:59.520> dangerous<00:07:59.759> and<00:07:59.840> FX<00:08:00.080> trading<00:08:00.319> is
trading is dangerous and FX trading is
dangerous<00:08:01.400> and<00:08:01.479> for<00:08:01.680> that<00:08:01.840> reason<00:08:02.159> I<00:08:02.319> get<00:08:02.639> you
dangerous and for that reason I get you
know<00:08:03.319> young<00:08:03.520> men<00:08:03.840> emailing<00:08:04.280> me<00:08:04.360> all<00:08:04.520> the<00:08:04.680> time
know young men emailing me all the time
telling<00:08:05.120> me<00:08:05.280> they've<00:08:05.440> lost<00:08:05.599> all<00:08:05.720> their<00:08:05.919> money
telling me they've lost all their money
FX<00:08:07.319> trading<00:08:07.879> crypto<00:08:08.759> trading<00:08:09.759> and<00:08:09.919> a<00:08:10.000> lot<00:08:10.120> of
FX trading crypto trading and a lot of
the<00:08:10.360> time<00:08:10.520> when<00:08:10.639> they<00:08:10.759> send<00:08:10.960> me<00:08:11.080> those<00:08:11.240> emails
the time when they send me those emails
they<00:08:11.759> say<00:08:12.000> but<00:08:12.120> don't<00:08:12.280> worry<00:08:12.520> I've<00:08:12.680> figured<00:08:12.919> it
they say but don't worry I've figured it
out<00:08:13.520> now<00:08:14.520> and<00:08:14.639> from<00:08:14.800> here<00:08:14.879> I'm<00:08:15.000> going<00:08:15.080> to<00:08:15.159> make
gambling if if you go on I trade on IG
index<00:08:25.199> which<00:08:25.319> is<00:08:25.400> a<00:08:25.479> spread<00:08:25.680> Bank<00:08:25.919> platform<00:08:26.360> it
index which is a spread Bank platform it
says<00:08:26.639> there<00:08:26.800> on<00:08:26.919> the<00:08:27.000> front<00:08:27.240> page<00:08:27.479> like<00:08:27.720> 75%<00:08:28.479> of
says there on the front page like 75% of
accounts<00:08:28.879> lose<00:08:29.120> money<00:08:29.840> I'm<00:08:29.960> not<00:08:30.120> losing<00:08:30.400> money
and there's professionals on there like
me<00:08:32.479> that<00:08:32.560> are<00:08:32.680> not<00:08:32.760> losing<00:08:33.039> money<00:08:33.719> and<00:08:34.519> there's
me that are not losing money and there's
an<00:08:34.800> old<00:08:35.080> saying<00:08:35.880> if<00:08:35.959> you<00:08:36.120> don't<00:08:36.360> know<00:08:37.039> who<00:08:37.240> the
an old saying if you don't know who the
idiot<00:08:37.800> is<00:08:38.560> at<00:08:38.719> the<00:08:38.839> poker<00:08:39.200> table<00:08:39.519> you're<00:08:39.760> the
idiot listen professional Traders like
me<00:08:43.320> if<00:08:43.440> you<00:08:43.640> go<00:08:43.880> out<00:08:44.600> you're<00:08:44.760> trading<00:08:45.160> against
me if you go out you're trading against
me<00:08:45.839> you<00:08:45.959> know<00:08:46.519> and<00:08:47.519> it's<00:08:47.720> dangerous<00:08:48.200> it's<00:08:48.320> a
dangerous thing for ordinary people to
do<00:08:50.120> and<00:08:50.240> it's<00:08:50.680> it's<00:08:51.680> I<00:08:51.760> think<00:08:51.880> we've<00:08:52.080> created
especially young men that
the<00:09:00.399> only<00:09:00.680> way<00:09:00.839> to<00:09:00.959> be<00:09:01.200> of<00:09:01.519> of<00:09:02.240> value<00:09:02.600> in
the only way to be of of value in
society<00:09:03.120> is<00:09:03.240> to<00:09:03.320> make<00:09:03.440> a<00:09:03.519> lot<00:09:03.640> of<00:09:03.760> money<00:09:04.360> and
society is to make a lot of money and
we've<00:09:04.680> created<00:09:05.000> a<00:09:05.160> situation<00:09:05.720> where<00:09:06.399> all<00:09:06.600> of
we've created a situation where all of
the<00:09:06.920> legitimate<00:09:07.480> past<00:09:07.760> to<00:09:07.920> getting<00:09:08.120> rich<00:09:08.279> are
basically it's almost impossible to get
rich<00:09:22.079> to<00:09:22.240> your<00:09:22.440> work<00:09:23.399> the<00:09:23.480> only<00:09:23.640> way<00:09:23.760> to<00:09:23.880> get
rich to your work the only way to get
rich<00:09:24.279> nowadays<00:09:24.720> is<00:09:24.920> is<00:09:25.000> to<00:09:25.120> inherit<00:09:25.440> money
so you know I I went to a grammar school
but<00:09:32.160> I<00:09:32.240> also<00:09:32.399> went<00:09:32.519> to<00:09:32.600> a<00:09:32.680> comprehensive
parents will gift them 100,000 £2
200,000<00:09:46.800> maybe<00:09:47.079> half<00:09:47.240> a<00:09:47.320> million<00:09:47.640> pound<00:09:47.959> to
people don't tend to and say you know
the<00:10:00.760> reason<00:10:00.959> I<00:10:01.040> bought<00:10:01.200> the<00:10:01.279> property<00:10:01.560> is<00:10:01.680> cuz
the reason I bought the property is cuz
my<00:10:01.920> mom<00:10:02.079> gave<00:10:02.240> me<00:10:02.360> half<00:10:02.519> a<00:10:02.600> million<00:10:02.839> quid<00:10:03.560> but
my mom gave me half a million quid but
that<00:10:03.880> is<00:10:03.959> what<00:10:04.079> is<00:10:04.279> happening<00:10:05.279> then<00:10:05.440> people
from poor backgrounds see these guys
buying<00:10:08.640> property<00:10:09.519> and<00:10:09.640> they<00:10:09.760> think<00:10:10.000> what<00:10:10.079> are
buying property and they think what are
they<00:10:10.320> doing<00:10:10.560> that<00:10:10.680> I'm<00:10:10.839> doing<00:10:11.079> wrong<00:10:11.360> and<00:10:12.040> the
they doing that I'm doing wrong and the
thing<00:10:12.360> that<00:10:12.480> you're<00:10:12.640> doing<00:10:12.880> wrong<00:10:13.040> if<00:10:13.160> you're
thing that you're doing wrong if you're
poor<00:10:13.640> is<00:10:13.959> you<00:10:14.160> had<00:10:14.360> the<00:10:14.480> wrong<00:10:15.040> parents<00:10:16.040> you
poor is you had the wrong parents you
shouldn't<00:10:16.360> have<00:10:16.519> done<00:10:16.760> that<00:10:17.040> you<00:10:17.120> should<00:10:17.279> have
shouldn't have done that you should have
had<00:10:17.560> the<00:10:17.680> right<00:10:17.920> parents<00:10:18.640> this<00:10:18.760> is<00:10:18.839> the<00:10:18.959> world
had the right parents this is the world
that<00:10:19.279> we<00:10:19.399> live<00:10:19.560> in<00:10:19.720> nowadays<00:10:20.320> we<00:10:20.440> live<00:10:20.600> in<00:10:20.720> a
that we live in nowadays we live in a
world<00:10:21.959> in<00:10:22.120> which<00:10:22.279> the<00:10:22.360> only<00:10:22.600> way<00:10:22.720> to<00:10:22.839> get<00:10:22.959> rich
world in which the only way to get rich
is<00:10:23.279> to<00:10:23.399> have<00:10:23.560> Rich<00:10:23.880> parents<00:10:24.880> and<00:10:25.040> yet<00:10:25.200> we<00:10:25.320> tell
is to have Rich parents and yet we tell
young<00:10:25.880> people<00:10:26.680> if<00:10:26.760> you<00:10:26.880> are<00:10:27.120> poor<00:10:27.959> you<00:10:28.079> are<00:10:28.240> a
young people if you are poor you are a
failure<00:10:29.079> you<00:10:29.320> you<00:10:29.399> are<00:10:29.519> a<00:10:29.640> loser<00:10:30.519> it<00:10:30.640> is<00:10:30.800> your
devastating for the mental health of
young<00:10:36.240> people<00:10:36.600> so<00:10:37.279> what<00:10:37.440> I<00:10:37.560> want<00:10:37.680> to<00:10:37.839> say<00:10:38.079> is
young people so what I want to say is
listen<00:10:40.120> you<00:10:40.279> live<00:10:40.480> in<00:10:40.560> a<00:10:40.680> rigged<00:10:41.000> game<00:10:41.639> you<00:10:41.959> and
listen you live in a rigged game you and
I<00:10:42.480> live<00:10:42.720> in<00:10:42.839> a<00:10:42.959> rigged<00:10:43.279> game<00:10:43.720> it<00:10:43.839> is<00:10:44.079> almost
I live in a rigged game it is almost
impossible<00:10:45.279> to<00:10:45.440> get<00:10:45.639> rich<00:10:46.200> if<00:10:46.320> your<00:10:46.480> parents
rich so what I want you to
do<00:10:51.120> is<00:10:51.279> to<00:10:51.560> accept<00:10:52.320> that<00:10:53.320> the<00:10:53.440> game<00:10:53.639> is<00:10:53.839> rigged
do is to accept that the game is rigged
and<00:10:54.959> to<00:10:55.200> stop<00:10:56.000> judging<00:10:56.560> yourself<00:10:57.160> and<00:10:57.320> other
nothing to do with how smart you are how
hard<00:11:04.800> you<00:11:04.959> work<00:11:05.600> what<00:11:05.800> job<00:11:05.959> you<00:11:06.079> do<00:11:06.839> you<00:11:06.959> know
hard you work what job you do you know
this<00:11:07.519> is<00:11:07.720> the<00:11:07.920> world<00:11:08.160> that<00:11:08.279> we<00:11:08.440> live<00:11:08.600> in<00:11:08.839> but<00:11:08.959> I
this is the world that we live in but I
think<00:11:09.920> what<00:11:10.560> what<00:11:10.959> obfuscates<00:11:11.639> this<00:11:11.800> a<00:11:11.920> little
think what what obfuscates this a little
bit<00:11:12.320> is<00:11:12.480> the<00:11:12.639> fact<00:11:12.880> that<00:11:13.440> there<00:11:13.600> is<00:11:13.800> social
bit is the fact that there is social
Mobility<00:11:15.800> on<00:11:16.000> like<00:11:16.160> the<00:11:16.320> micro<00:11:16.760> scale<00:11:17.639> so<00:11:17.839> like
Mobility on like the micro scale so like
the<00:11:18.120> people<00:11:18.320> who<00:11:18.480> come<00:11:18.639> from<00:11:18.800> the<00:11:18.920> same
the people who come from the same
Financial<00:11:19.560> background<00:11:19.959> as<00:11:20.120> you<00:11:20.839> if<00:11:20.959> you<00:11:21.120> work
Financial background as you if you work
harder<00:11:21.720> than<00:11:21.839> them<00:11:22.000> and<00:11:22.120> get<00:11:22.200> a<00:11:22.320> better<00:11:22.600> job
harder than them and get a better job
you<00:11:23.000> will<00:11:23.279> be<00:11:23.399> able<00:11:23.600> to<00:11:23.720> get<00:11:23.839> slightly<00:11:24.279> better
you will be able to get slightly better
off<00:11:24.720> than<00:11:24.959> them<00:11:25.959> but<00:11:26.120> you<00:11:26.200> will<00:11:26.440> never<00:11:26.680> be<00:11:26.839> able
off than them but you will never be able
to<00:11:27.240> jump<00:11:27.519> up<00:11:27.680> to<00:11:27.839> the<00:11:27.959> level<00:11:28.200> of<00:11:28.360> somebody
to jump up to the level of somebody
who's<00:11:29.320> parents<00:11:29.760> are<00:11:30.000> richer<00:11:31.000> so<00:11:31.279> so<00:11:31.399> that's
time you know especially if you're poor
you<00:11:35.959> do<00:11:36.240> have<00:11:36.360> to<00:11:36.480> work<00:11:36.760> really<00:11:36.959> hard<00:11:37.399> and<00:11:37.480> you
you do have to work really hard and you
do<00:11:37.800> have<00:11:37.920> to<00:11:38.040> try<00:11:38.200> and<00:11:38.320> study<00:11:38.639> the<00:11:38.800> right
do have to try and study the right
subjects<00:11:39.720> you<00:11:39.800> do<00:11:39.920> have<00:11:40.040> to<00:11:40.120> try<00:11:40.240> and<00:11:40.320> get<00:11:40.440> the
right job because increasingly poor
people<00:11:42.720> put<00:11:42.959> people<00:11:43.120> are<00:11:43.240> put<00:11:43.399> in<00:11:43.480> the
to compete with other people who are
poor<00:11:59.360> but<00:11:59.519> you<00:11:59.639> have<00:11:59.839> no<00:12:00.040> way<00:12:00.200> of<00:12:00.320> competing
poor but you have no way of competing
with<00:12:00.760> people<00:12:00.959> who<00:12:01.120> are<00:12:01.360> who<00:12:01.440> are<00:12:01.560> born
with people who are who are born
richer<00:12:03.320> and<00:12:03.480> it's<00:12:03.639> it's<00:12:03.760> a<00:12:03.880> horrible<00:12:04.399> game
richer and it's it's a horrible game
it's<00:12:05.160> a<00:12:05.320> horrible<00:12:05.760> game<00:12:06.079> it's<00:12:06.160> a<00:12:06.279> horrible
game so I think we need
to<00:12:10.360> you<00:12:10.440> need<00:12:10.639> to<00:12:11.079> understand<00:12:11.240> that<00:12:11.440> this<00:12:11.560> is
to you need to understand that this is
this<00:12:12.040> is<00:12:12.160> the<00:12:12.279> world<00:12:12.480> that<00:12:12.600> you've<00:12:12.760> been<00:12:12.920> put
this is the world that you've been put
in<00:12:14.160> they<00:12:14.320> want<00:12:14.480> you<00:12:14.600> to<00:12:14.680> fight<00:12:14.920> each<00:12:15.000> other<00:12:15.199> to
in they want you to fight each other to
be<00:12:15.519> rich<00:12:15.720> but<00:12:15.880> it's<00:12:16.079> impossible<00:12:16.480> to<00:12:16.639> be<00:12:16.880> rich
everything so while you are sort of
being<00:12:23.639> convinced<00:12:24.040> to<00:12:24.120> fight<00:12:24.360> each<00:12:24.480> other<00:12:24.680> and
obsessed about making
money<00:12:28.720> the<00:12:28.839> game<00:12:29.040> is<00:12:29.199> is<00:12:29.279> being<00:12:29.440> rigged<00:12:29.800> such
money the game is is being rigged such
that<00:12:30.279> you<00:12:30.760> and<00:12:30.920> and<00:12:31.000> the<00:12:31.120> middle<00:12:31.399> classes<00:12:31.720> are
government is being Rob blind
and<00:12:36.079> my<00:12:36.320> concerns<00:12:36.760> are<00:12:36.959> one<00:12:37.800> devastating<00:12:38.320> for
and my concerns are one devastating for
the<00:12:38.519> mental<00:12:38.720> health<00:12:38.920> of<00:12:39.040> young<00:12:39.240> people<00:12:39.880> but
balances whilst the game is rigged so
that<00:12:54.720> it's<00:12:54.920> very<00:12:55.160> easy<00:12:55.399> for<00:12:55.519> the<00:12:55.639> rich<00:12:55.839> to<00:12:55.959> rob
that it's very easy for the rich to rob
the<00:12:56.680> poor<00:12:57.680> then<00:12:57.800> the<00:12:57.920> poor<00:12:58.279> will<00:12:58.399> never<00:12:58.600> unite
the poor then the poor will never unite
and<00:12:59.199> stop<00:12:59.440> that<00:12:59.600> theft<00:13:00.040> basically<00:13:00.600> so<00:13:01.120> um<00:13:02.120> this
and stop that theft basically so um this
is<00:13:02.360> the<00:13:02.440> world<00:13:02.680> we're<00:13:02.839> living<00:13:03.040> in<00:13:03.199> and<00:13:03.320> this<00:13:03.399> is
is the world we're living in and this is
the<00:13:03.760> thing<00:13:03.920> which<00:13:04.040> I<00:13:04.160> worry<00:13:04.440> about<00:13:04.600> a<00:13:04.680> lot<00:13:04.800> at
the thing which I worry about a lot at
the<00:13:05.000> moment<00:13:05.320> which<00:13:05.440> is<00:13:05.680> how<00:13:06.199> how<00:13:06.360> do<00:13:06.480> we<00:13:06.639> stop
the moment which is how how do we stop
the<00:13:07.279> systemized<00:13:07.800> robbing<00:13:08.120> of<00:13:08.240> the<00:13:08.399> poor<00:13:09.360> when
the systemized robbing of the poor when
the<00:13:09.680> poor<00:13:09.920> have<00:13:10.040> been<00:13:10.279> really<00:13:10.839> trained<00:13:11.839> to
and to not work together
um<00:13:17.320> and<00:13:17.480> I<00:13:17.800> think<00:13:18.800> if<00:13:18.959> I<00:13:19.240> if<00:13:19.320> I<00:13:19.399> want<00:13:19.519> to<00:13:19.680> send
one message it is
that<00:13:23.800> the<00:13:23.959> game<00:13:24.199> is<00:13:24.320> set<00:13:24.560> up<00:13:24.720> in<00:13:24.800> a<00:13:25.000> way
that the game is set up in a way
that<00:13:27.199> you<00:13:27.360> are<00:13:27.519> being<00:13:27.680> robbed<00:13:28.000> of<00:13:28.120> your<00:13:28.240> wealth
that you are being robbed of your wealth
and<00:13:28.600> there's<00:13:28.760> very<00:13:28.920> little<00:13:29.240> you<00:13:29.320> could<00:13:29.399> do<00:13:29.519> as
and there's very little you could do as
an<00:13:29.720> individual<00:13:30.079> to<00:13:30.240> stop<00:13:30.639> that<00:13:31.639> but<00:13:31.839> no<00:13:32.000> matter
an individual to stop that but no matter
how<00:13:32.360> much<00:13:32.519> they<00:13:32.680> rob<00:13:32.880> you<00:13:33.000> of<00:13:33.199> your<00:13:33.399> wealth
how much they rob you of your wealth
they<00:13:34.279> can't<00:13:34.519> rob<00:13:34.760> you<00:13:35.120> of<00:13:35.279> your<00:13:35.839> dignity
they can't rob you of your dignity
and<00:13:39.040> it's<00:13:39.240> not<00:13:39.440> your<00:13:39.680> fault<00:13:40.279> that<00:13:40.440> you<00:13:40.600> live<00:13:40.800> in
increasingly in poverty the game is
being<00:13:43.760> set<00:13:44.000> up<00:13:44.240> such<00:13:44.480> that<00:13:44.600> the<00:13:44.720> majority<00:13:45.199> of
this country increasingly will live in
poverty<00:13:48.560> but<00:13:48.760> you<00:13:48.920> can<00:13:49.199> realize<00:13:49.920> that<00:13:50.920> that's
poverty but you can realize that that's
not<00:13:51.279> failing<00:13:51.600> on<00:13:51.759> you<00:13:52.279> as<00:13:52.399> an<00:13:52.560> individual<00:13:53.519> that
not failing on you as an individual that
is<00:13:54.639> the<00:13:54.800> result<00:13:55.079> of<00:13:55.199> a<00:13:55.320> rotten<00:13:55.639> system<00:13:56.519> it<00:13:56.639> is
is the result of a rotten system it is
the<00:13:56.880> result<00:13:57.079> of<00:13:57.160> a<00:13:57.279> rotten<00:13:57.560> system<00:13:58.160> and<00:13:58.480> um
the result of a rotten system and um
I<00:13:59.800> think<00:14:00.000> people<00:14:00.320> can<00:14:00.800> can<00:14:00.959> deal<00:14:01.199> with<00:14:01.360> poverty
I think people can can deal with poverty
I<00:14:01.839> know<00:14:02.079> I<00:14:02.160> know<00:14:02.360> poverty<00:14:02.680> is<00:14:02.800> not<00:14:02.959> easy<00:14:03.279> but
I know I know poverty is not easy but
you<00:14:03.480> know<00:14:03.880> I<00:14:04.000> grew<00:14:04.199> up<00:14:04.320> in<00:14:04.399> poverty<00:14:04.720> and<00:14:04.800> it<00:14:04.880> was
you know I grew up in poverty and it was
hard<00:14:05.839> but<00:14:06.000> what<00:14:06.160> affected<00:14:06.519> me<00:14:06.800> in<00:14:06.920> many<00:14:07.160> ways
hard but what affected me in many ways
more<00:14:07.480> than<00:14:07.600> the<00:14:07.720> poverty<00:14:08.079> was<00:14:08.320> was<00:14:08.440> the
harshly because because it's the system
that's<00:14:15.519> broken<00:14:16.399> and<00:14:17.399> you<00:14:17.519> should<00:14:17.680> be<00:14:17.880> proud<00:14:18.120> of
that's broken and you should be proud of
the<00:14:18.440> work<00:14:18.600> that<00:14:18.720> you<00:14:18.839> do<00:14:19.040> and<00:14:19.160> you<00:14:19.199> should<00:14:19.360> be
the work that you do and you should be
proud<00:14:19.800> of<00:14:20.000> what<00:14:20.120> you<00:14:20.199> do<00:14:20.360> to<00:14:20.519> support<00:14:20.800> yourself
proud of what you do to support yourself
and<00:14:21.199> to<00:14:21.320> support<00:14:21.560> your<00:14:21.680> family<00:14:21.959> and<00:14:22.079> support
and to support your family and support
the<00:14:22.399> people<00:14:22.639> around<00:14:23.360> you<00:14:24.360> because<00:14:24.560> I<00:14:24.680> think
the people around you because I think
once<00:14:25.040> we<00:14:25.240> managed<00:14:25.519> to<00:14:25.920> shake<00:14:26.759> off<00:14:27.759> this
once we managed to shake off this
judgment<00:14:28.440> and<00:14:28.560> this<00:14:28.680> idea<00:14:28.920> that<00:14:29.160> it's<00:14:29.279> our
judgment and this idea that it's our
fault<00:14:30.199> then<00:14:30.360> we<00:14:30.480> can<00:14:30.800> start<00:14:31.800> being<00:14:32.079> proud<00:14:32.320> of
fault then we can start being proud of
ourselves<00:14:32.839> and<00:14:33.000> each<00:14:33.320> other<00:14:34.320> and<00:14:34.480> seeing<00:14:34.839> the
ourselves and each other and seeing the
game<00:14:35.160> for<00:14:35.320> what<00:14:35.440> it<00:14:35.560> really<00:14:35.800> is<00:14:35.959> which<00:14:36.079> is<00:14:36.160> a
game for what it really is which is a
broken<00:14:36.600> game<00:14:36.800> that<00:14:36.880> we<00:14:37.040> have<00:14:37.160> to<00:14:37.279> fix<00:14:38.079> together
broken game that we have to fix together
so<00:14:40.880> there's<00:14:41.079> only<00:14:41.320> two<00:14:41.480> ways<00:14:41.680> to<00:14:41.800> be<00:14:42.000> rich<00:14:42.680> in
so there's only two ways to be rich in
this<00:14:42.959> world<00:14:43.160> that<00:14:43.279> we<00:14:43.399> live<00:14:43.560> in<00:14:44.279> be<00:14:44.440> born<00:14:44.920> rich
this world that we live in be born rich
or<00:14:46.120> change<00:14:46.399> the<00:14:46.880> rules<00:14:47.880> um<00:14:48.519> and<00:14:48.639> we<00:14:48.759> can<00:14:48.839> only
together so I'm going to try to change
the<00:14:52.240> rules<00:14:53.079> tax<00:14:53.279> the<00:14:53.399> rich<00:14:53.600> more<00:14:54.040> tax<00:14:54.320> you<00:14:54.519> less
the rules tax the rich more tax you less
move<00:14:55.720> us<00:14:56.000> back<00:14:56.399> into<00:14:56.639> an<00:14:56.839> economy<00:14:57.240> where
your parents can Achieve Financial
Security<00:15:02.279> and<00:15:02.440> even<00:15:02.720> wealth<00:15:03.160> by<00:15:03.399> hard<00:15:03.639> work<00:15:04.240> um
Security and even wealth by hard work um
but<00:15:05.199> the<00:15:05.279> only<00:15:05.440> way<00:15:05.560> to<00:15:05.680> do<00:15:05.800> that<00:15:05.920> is<00:15:06.000> to<00:15:06.120> work
but the only way to do that is to work
together<00:15:06.480> to<00:15:06.560> change<00:15:06.759> the<00:15:06.880> system<00:15:07.360> so<00:15:08.240> how<00:15:08.399> do
together to change the system so how do
you<00:15:08.639> get<00:15:09.240> rich<00:15:10.240> you<00:15:10.360> get<00:15:10.519> rich<00:15:10.720> by<00:15:10.880> working
you get rich you get rich by working
together<00:15:12.399> I'm<00:15:12.519> going<00:15:12.600> to<00:15:12.720> try<00:15:12.839> and<00:15:12.959> do<00:15:13.160> that
together I'm going to try and do that
and<00:15:14.120> I<00:15:14.199> hope<00:15:14.320> you<00:15:14.399> en<00:15:14.440> join<00:15:14.680> me<00:15:14.800> Good<00:15:15.000> Luck