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Who Should We Blame?

May 28, 2023
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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I think the economic analysis on the news  most of the time is horrendously bad  

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you might as well not listen to it really  you're better off trying to build your  

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connections with friends, family, workmates to build  an understanding of what's happening in their lives

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I think you need to have an understanding  of the country that we live in which is  

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that there are a lot of very poor people there  are a lot of very poor people in this country  

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and its growing but there is also a big chunk  of people in the middle who own property  

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own some wealth and are feeling insecure because they're losing, this is the world that  

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we live in right, we have a big chunk, a big growing  chunk of poor and then we have a decent chunk of  

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what do they call them? The Precariat, you know  people who own property but they can see that  

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the truth is you know we just done the video  just now the 'dying middle class', "the death of  

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the middle class" so you have this middle class, it's  shrinking, generation after generation it's shrinking  

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so these guys are feeling ****in insecure because they are insecure, right they are insecure, but if   

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the political environment we create is: the poor  against the integral middle class we're never  

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gonna ****in win like that are we you need to  create this alliance of the poor and the integral  

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middle class against the very rich who are taking  everything, that's what you need to create and it's  

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yeah if if we allow there to be division where  the very poor are like its the middle class ****s  

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not protecting us, you know I know, it's.. I've  been poor and I've been part of this property  

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owning middle class you know, I've been in both of these spaces you know & most people who are poor  

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even.. most people who are poor aspire to be in that  property owning middle class because it's ****in ****  

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being poor, you know what I mean, I ****in been it, there's no ****in fun, but if you turn around  

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to them and say what we're going to do is we're going to attack the property owning middle class  

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that's what they want to be, that you know, so I think you need to be able to build..  

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and I think we can, I think we can do it, I think we can do it and I think, I think that some sometimes  

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some people on the political left, sometimes  encourage that infighting, but we can't have  

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infighting, we need to build unity, we need to build  unity and we need to understand that that means  

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creating alliances between people in different  financial positions, you know what I mean some  

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people who are very poor & some people who own  assets but you know otherwise how did we win?  

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you know if you, if you create that fight at the same time the Super Rich are taking everything,  

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it's a little bit like you're playing chess and the other side is just taking your pieces one at a time  

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you know those are the guys who are taking the ****ing pieces, that is where the wealth is going

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if you don't attack the people who are taking the things that you need  

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you know, you're going to lose right, you  need to fight power where it is, you know  

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did you read um 1984? 1984 by George Orwell so there's a bit of 1984 called the..  

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is it three minutes hate? three minutes hate i think and i think the point of that  

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is like they show them some videos to  make them angry, but a big point of it is  

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when you get people angry, it's actually  quite easy to shift the target of their anger  

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you get people angry and you shift the target  of their anger because people don't really  

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understand how the system works, but we don't  really, people know they're getting ****ed over 

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and they are getting ****ed over right but people don't understand exactly how or exactly why  

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because it is confusing right and a big part  of this channel is to just make it clear, listen  

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we know that your family is struggling, we know  that your family is getting worse off, and the  

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reason is because you as a group are losing out to  this Super Rich who are taking more & more & more  

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and you need to defend yourself from that  group and we need to unite to defend ourselves  

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from that group we're trying to make clarity, look  we understand your problem, this is the problem,  

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this is how you fix it, you need to deal with this  group of people but people don't understand that  

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right they're angry and they're scared and I  think when you make people angry and scared  

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it's so easy to throw them a group and be like  'these are the guys to be angry at' especially  

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when people don't actually understand what's  happening. people want to focus. people don't like  

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to feel like 'oh my God, I'm stressed, I'm anxious,  I don't know the problem' and that's that's why  

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you see the media throws 'ooh it's immigrants,  it's immigrants' you know what I mean or it's  

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just stop oil protesters those ****heads them you  know what I mean they're the guys doing it or  

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it's ****in cyclists you know like people are angry  people are scared but people don't understand  

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what's happening so the media just throws in  people to hate, people to hate so the hatred is  

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there, the hatred is there but we're just throwing  it amongst each other and we're hating each other  

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and we're not actually taking action against the  group that is taking all of our stuff and you know  

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the idea the media throws you about them is 'oh we need them, if they leave we're ****ed,

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we need them, they protect us' because they're the guys who own the ****in media know what i mean

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so the anger is there, the hatred is there, but you know there's....

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its as classic as divide and rule isn't it? there's  a billionaire owned media that just want us  

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to hate each other and confuse us about the  economic picture, so our job is to say no listen  

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you and we need to put aside our differences to prevent this disaster from happening

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which is the super rich taking our stuff and if we do that then we can have a

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much better quality of life, that's the message we need to send  

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it's funny yeah because I actually watched the  super mainstream media and the reason I do  

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that is because I want to know what people are  being told because I I want to be able to sort of  

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I want to understand what people are being told  so I can sort of set them straight you know what  

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I mean, like you're getting this message but  the reality is this so I watched like super  

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I watch BBC News and I watch Sky News you  know sometimes I think it's not great um  

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but I mean really really I watch the markets  that's what I do I'm going to, people are going  

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to watch this and be like I need to become a  trader! I have a trading account and I trade  

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and I look every day what's moving, I talk to  traders you know obviously I was a full-time  

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trader for a long time and I'm still in touch  with some traders that I used to work with um  

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and I say you know this is moving this way, what do  you think of it, that's moving that way, it's like  

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I'm generally or if there's any big movements  in markets I'm aware that they've happened and  

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yeah i look at what the traders think, what the  markets think, that's not to say that I think  

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the traders & the markets are always right but  I think these guys are the best informed people  

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um so I want to know what they think and then I  I do my own analysis of it. I think watch...

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oh first of all if this if there's stuff that you really  want to know put it in the comments because we  

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do go through them and like if a lot of people are  asking for the same thing then we will cover it  

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right so if there's a specific thing that you're  worried about, you don't understand, go through  

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um obviously um watch this channel i think this is like, the whole idea of  

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this channel is to make ordinary people  better informed about what's happening  

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um but I think ordinary people, watch the news  but just, just have a sceptical eye, don't be like  

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'everything's a lie' but don't be like 'everything's  true' just like I think the truth of the media is  

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different media organizations have their own  biases right even something like the BBC has  

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a bias everything has a bias this channel  has a bias this channel is obviously about  

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saying inequality is a problem and we need  to tax the rich you know what I mean and  

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you should watch everything with an  understanding of what the bias is  

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um if you find the media stressing you out, turn it off, because I think a lot I think a lot of  

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what the media does is just stress people out, stresses people out, it makes people feel  

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helpless, it makes people feel like 'oh my God the  situation is helpless, there's nothing we can do'  

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don't get stressed I would say realistically  so when I was a trader at Citibank there was  

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one point where I lost a lot of money and I  started to bring my textbooks in to try and  

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understand what's happening and I worked with this one trader who was um, proper

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working class background, he never went to university, he was a great trader

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a really great trader and he just slapped the textbooks out of my book, out of my hand  

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and was like listen if you want.. he was like..  he said how old are you and I was like, I dunno  

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22 or 23 and he was like listen you're not a kid anymore if you want to understand the economy  

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go and look at what's happening, walk down the  High Street, look at what shops are closing down,  

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look at like what's being advertised on the tube,  look at is there more homeless people are less  

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homeless people, talk to your mum ask her about  her financial situation, talk to your friends and  

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and find out what's happening with their financial  situation, your friends and your friends family so  

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I think the economic analysis on the news most of  the time is horrendously bad, you might as well not  

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listen to it really, you're better off trying to build your connections with friends, family, workmates 

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to build understanding what's happening  in in their lives, I honestly think that that of  

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course be aware that you know, things might be  different in other parts of the country or other  

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communities you know you're not going to know that the rich are getting much richer if you do that  

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but you build those connections that gives you a better understanding of what's happening  

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um and then yeah you know are there any  sort of other media outlets we recommend  

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um obviously Novara have been very helpful,  supported us a lot um but I think you have to  

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just.. what.. there's a lot of misinformation on  the internet and you know we try and do our  

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best to do that, um to to do that? to fix that!  we try to do our best to put that right um  

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but yeah I think try not to freak out because I  think a lot of the news can do that um turn it off  

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if it's stressing you out, if you have specific  things you want to know about put them in the  

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comments we can't promise we'll do them but if we  get the same thing asked a lot we will cover it  

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um but yeah I think you're better off like working  on your your friends, your family, stay with them  

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talk to them, be open with your friends and your  family about what's happening and then that will  

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give you at least a realistic understanding of  what's happening around you, yeah and if you  

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find that the news you're consuming is making you really angry just stop and think 'do these   

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guys have some motivation to make me angry at those people?' you know what I mean?

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does it benefit them because I think there's a lot, you know you know, because people could  

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turn around and criticise us and say well you're  trying to make us angry with the rich, angry at  

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billionaires, to be honest I'm not even trying to  make people angry at the rich, angry at billionaires  

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what I want is so people don't understand that  this economy is driving off of a ****ing cliff  

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that's what people I want people to understand  that's all you know it's not about being angry at 

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anyone I don't want to point a finger at George Osborne or Rishi Sunak you know I never  

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met these guys they might be nice guys for all  I know it'd be a surprise but they might be nice  

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guys right this is not about being angry right  I am somebody who made millions of pounds a year  

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and continues to make a ton of money by betting  that the economy is driving off of a cliff and  

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that is my simple message we need to stop that from  happening we need to stop that from happening and  

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the only way to stop that from happening is  significantly increased taxation of the rich  

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it's as simple as that it's not about being  angry it's not about being angry if you and 

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me and our mates are in a car and one of our mates is driving the car of the edge of a cliff  

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you ain't going to help no one by being angry you  can take that wheel and you stop it from going  

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off the cliff it's as simple as that like we need  there is a disaster happening when you look at how  

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significantly living standards have fallen in the  last three years it's not going to keep happening  

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at that speed but I guarantee you, I guarantee you  in five years in 10 years there'll be more poverty  

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significantly more poverty but we can prevent that  we can prevent that if we fix our taxation systems  

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if we fix our type and if we don't then we won't  prevent it and you'll have that poverty and you  

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will have this broad poverty across most of the  population that you see in countries like India  

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that you see in countries like Brazil that you're seeing in countries like Colombia you know 

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that you see in countries like Russia this  is what capitalist economies usually look like  

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and the reason that we don't have that kind  of poverty here in Western Europe and in the  

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States is because we have protected our wealth  distribution and we've prevented it from becoming  

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extremely unequal but that is what capitalist  economies become if you don't stop that and we're  

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not stopping that and that is where we will all go  so it's I'm not trying to tell anybody say anybody  

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what I'm saying is in fact what I'm saying is the  opposite we need to get together to prevent this  

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disaster and I would encourage even the rich and  even the I'm a rich person myself right I would  

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encourage the rich and the very rich to support  this message because it's in nobody's interest  

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to massively destabilise society like what we  are doing, you know last time this happened last  

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time we saw this massive increase in inequality  massive collapse in living standards, what happened  

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two ****in world wars a ****in Holocaust is  what happened right that is what can happen  

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if you allow your society to collapse it's not in  anybody's interests it's not in anybody's interest  

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so this is not about hating people this is about  bringing people together to prevent a disaster  

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and I know I've just said people shouldn't  panic and then I've said we're gonna like  

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go into this sort of space but, it's fixable, it's fixable, it's fixable  

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if we bring people together, bring people together, its..  

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it's doable because you know even if you even if  you were to accept that the richest 10% or even the  

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richest 20% will always oppose it right and some  of them you know I mean I'm in the richest 20%  

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and I'm not opposing it right? some of these rich  people will support it but even if you assume 20%  

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of people oppose it that leaves 80%, 80% of people is definitely not in their interest to allow this  

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to continue definitely definitely so we need to  find a ways to reach those people and say listen  

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this is what's going to happen we don't change anything & it's you know and the power that we have  

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and the power that we always have is that we're right, so people can come back in 5 years  

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and 10 years and watch this video and be like  **** me he was right just like people now can  

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go back and watch our videos at the beginning of  Covid and say it was right, this is the power that  

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we have on this channel is that the predictions  are correct because the understanding is correct  

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because it will happen it will happen because  it's inevitable we we can see it in front of  

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our eyes the loss of the wealth of the middle  class and the growth in poverty we can see  

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nothing could be more obvious so these things  will happen and we need to keep saying that  

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but what I need to think about, you need to think about & the viewers need to think about is how do  

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we bring people on board, how do you bring people  on board, how do we fight against narratives that  

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drive us to hate one another? can we, can we be  big enough as people to reach out across the lines  

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that we're being told to divide ourselves against property owners, non-property owners, people from  

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the North, people from London, you see they're  trying to drive ethnic division, you see they're  

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trying to drive gender division, you see they're  trying to drive age division, you know what I mean  

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we can't accept that we have to be willing to look  to people who are different from ourselves and say  

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listen we have a common interest here we have to  be able to do that we have to be able to do that  

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that is the only way that we will prevent a disaster  um but yeah it comes from a place of positivity  

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right not fear, of ability to connect to other  people and and just the message is simple  

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listen if we don't do anything here it's disaster for  80-90% of people you know you know really unequal  

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economies do not have 10% of people living a good  standard of living, they don't and that's where we're  

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going to go you know so we can all kick ourselves in the nuts to try and be in the top 5% or we can 

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we can keep a good standard living for most  people and its in everybody's interest to lead there