we do need to see in a moderation  of wage rises now that's painful

okay we've got to talk about inflation

food prices are going up energy prices are going  up house prices are going up the rent is going up  

everything's going up except for your wages and  andrew bailey the governor of the bank of england  

who earns half a million pounds a year  by the way is telling you not to ask  

for a pay rise you need to understand  what is happening here with inflation

okay the first thing you need to understand is  that the mainstream media has no idea what is  

causing this inflation they're talking about it  as if it's some sort of natural disaster that's  

just dropped on the country a cost of living  crisis listen this inflation crisis was easily  

predictable right at the beginning of colvin and  in fact i predicted it in my very first video on  

this channel look covert was the biggest economic  disaster for a hundred years since the great  

depression and how did we deal with it well the  government just simply printed £45 billion

okay that's £10000 for every single adult  in the country okay and if you're not sitting on  

ten thousand pounds more in your bank account now  than you were before colby or someone else has got  

your £10000 and the facts are they probably  do because all the statistics show us that the  

vast amount of that money was accumulated by the  very richest people in the country that means the  

richest people in the country stacking up 60 70 80  £100,000 more than they had before covered  

okay look if that's how you deal with  the disaster then you can't be surprised  

when prices go up these guys are sitting  on 70 80 100 000 pounds more cash okay  

that means when your kids go to buy a house  they're competing against these kids who have  

a hundred two hundred thousand pounds more  cash in the bank of course prices are going  

to go up these guys have a huge amount of cash and  they're going to use it to push up the prices of  

food energy houses that you your families and your  kids need okay and that is not going to get better  

unless we do something about the huge amount of  cash stacking up in rich people's bank accounts

is the government going to do anything about  it well when you consider that the chancellor's  

father-in-law is a billionaire and he himself  is worth an estimated 200 million dollars  

i suspect he's probably pretty happy about  the fact that millionaires and billionaires  

in this country made a bigger increase on their  wealth during the first year of colvin than they  

ever have gotten in any other year in the  history of this country has he raised taxes  

on those people well actually he's raised taxes by  two and a half percent on you and your wages and  

he's done it in such a way that it specifically  excludes the incomes of billionaires i don't  

think he's going to fix his crisis of inequality  and for that reason things are going to get worse

okay so what are the economists who as always have  no idea what they're doing going to do instead of  

taxing their rich well it looks like they're  going to and in fact they've already started  

raising interest rates what does that mean that  means people who have debts are going to pay more  

money to people who have savings okay well who  has debts well if you've got a mortgage it's you  

and if you are the government who borrowed  a massive amount during kovitz it's you as  

well which means the taxpayer the homeowners and  the taxpayers are going to pay more money to the  

cash holders and who are the cash holders here  as we've said it's the rich and the very rich  

these guys are gonna try and fix the  crisis by making you and your family  

pay more money to the rich do you  think that's gonna work i don't

okay so what happens next the amount of  money in society has permanently increased  

that means prices need to permanently increase but  money is no longer pouring in so eventually prices  

will stabilize that means inflation will come  back down does that mean the problem is fixed  

no inflation will come back to normal but prices  will stay permanently higher permanently higher  

cost of food permanently higher cost of  energy permanently higher cost of rent  

permanently higher cost of housing the only price  which is not going to become permanently higher  

is your wage that's what happens when the  rich get richer but ordinary people don't  

your quality of life decreases permanently that's  you and your family the rich will be permanently  

richer ordinary people be permanently poorer  and quality of life we permanently decrease  

we have to do something about this

okay so what do we do number one educate  yourselves and understand what's happening  

don't let them call this a cost of living crisis  like it's some sort of natural disaster understand  

that this is being caused by our government  using the kovitz crisis to allow millionaires  

and billionaires to accumulate literally  hundreds of billions of pounds at your expense  

understand that we can't fix it unless we get  that money back watch the first video on this  

channel which explains clearly how that happened  number two is push back don't let andrew bailey  

tell you that you don't deserve a pay rise push  for higher wages for you and your work colleagues  

don't let billionaire rishi sunac raise your  taxes on you and your family and not raise  

taxes on billionaires push for higher taxes on  millionaires and billionaires and lower taxes on  

ordinary working people and number three is spread  this message share this video with your friends  

your family or work colleagues look there's a  fight going on here and the super rich are winning  

the only way we are gonna fight this  is if we come together to push back  

okay well i'm here to do my grocery  shopping if i can afford it keep watching

so it's intentionally designed national  insurance so that very rich people  

pay a very low percent there is one other thing  they can do with that mass amount of income  

they can buy your mom's house