British Money Will Be Worthless Soon (URGENT)

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The British pound - historically one of the safest and strongest currencies in the world could become worthless very soon.
I no longer hold any UK pounds, instead all my money is in UAE dirhams, US dollars and in the future other currencies like the Singapore dollar, but no UK pounds.
That is even though I lived in the UK for a long time and there was a time that all my money was in pounds, but now zero.
And in this video I am going to explain why that is.
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CHAPTERS:
0:00 The UK Pound is Losing Value (Proof)
1:10 How currency values work
3:10 Companies
3:30 Wealthy people
3:50 Government
4:45 What currencies I hold
6:02 Should you leave UK?
Tags: I left London, leave the UK, leaving the UK, become non resident in UK, moving to Dubai, dubai life, dubai cost of living, how to move to dubai, moving to UAE, London life, leave London, left London, UK pound, GBP, British pound

[@tuomaskiv]

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[@kevinmckenziee]

More and more people are going to start leaving and take their wealth to other nations

[@shabbapaul9983]

Totally get it. As a patriotic Brit it hurts to watch videos like this. Young mobile workers with no anchors, no allegiances, locating where weather, culture and money gets a better return. However, we British always bounce back. The arts, music, film, fashion and literature. No one comes anywhere near us. I agree that we’ve become addicted to cheap foreign labour and it’s made people lazy but these things will pass and in 20 years time, we’ll talk about the 20’s like people discuss the 20’s and 30’s in the US. Ok, the weathers pretty rubbish but when the sun does come out, there nowhere I’d like to be more than the UK The fact that this and the in depth video focus almost entirely on london gives a big clue as to the city centric view point of the author and maybe the “ business partners” who can help you move may be influencing the tone and integrity of the message and did make me question the veracity somewhat……

[@Nobumblegumforyou]

Spot on

[@Car-guy307]

It has become a socialist state and it hard to see capitalism ever coming back. Capitalism today exists in the UAE and other rich gulf states .

[@CitytransportInfoplus]

As of 9th June 2024 the US$ is likely to cease being a global reserve currency. This is when Saudi Arabia starts selling oil in currencies other than the US Dollar

[@petercrane2560]

and Saudi have cancelled purchasing oil from the USA in favour of China...oooopppsss!!!

[@stephenoneill2844]

I keep my money in BITCOIN.

[@stephenoneill2844]

@@jonallen-dt2ui Yeah? For every $1 I have put into it I got more than $20 back. He who laughs last laughs longest.

[@flyhi2773]

I keep mine in crypto, most in Bitcoin but Jasmy and Pepe are my best performers. Some is in gold now too. And I complete on a house sale next week, all going off shore too. It’s too dangerous in England now. Risks off shore but risks here too. Government has its eye on every penny of it now, regarding all money as theirs…even crypto!

[@user-zw4mz2gx5w]

I don’t think economy has to do with currency rate. India has grown a lot and it’s exchange rate far worse that used to be 20 years back.

[@vsevolodpetrolhead8689]

That just means wealth is being shifted from citizens lol

[@Bambotb]

@@vsevolodpetrolhead8689 how

[@njpringle]

Oct 2016 - £1 = $1.21 June 2024 - £1 = $1.27 For the last 8 years the value has remained steady.

[@arnoldvosloo220]

lol nice cherry picking and good job ignoring the chart at the start of the video

[@njpringle]

@@arnoldvosloo220 using the most recent 8 years is not exactly cherry picking. That is a lot better guide as to what might happen in the next 2 years than the period 1980 to 1985.

[@arnoldvosloo220]

@@njpringle lol that's not even 8 years XD you're such a bad liar. If you actually go back 8 years (June 10 2016 to June 9 2024), GBP is down 12.5% vs USD. How about 10 years? A much more natural time period. GBP is down 25% vs USD over that timeframe. This is why I said what you were doing was cherry picking. You cherry picked the bottom of the USD/GDP value in 2016 as your starting point, in a vain attempt to say that the pound has maintained its value. Embarrassing.

[@njpringle]

@@arnoldvosloo220 Yes it fell in the Brexit year and has remained steady for the last 8 years, including though Pandemic and Liz Truss disaster.

[@arnoldvosloo220]

@@njpringle Bro ask yourself something - how can you honestly look at that chart which shows the GBP value absolutely plummeting for decades and focus entirely on a relatively short window of relative stability? Do you know how biased that seems?

[@itsjustme114]

the sentiment towards the UK is at the lowest it's been in decades. usually this is the time when things start turning around. just like in trading, when you really want to sell is actually the time you should be buying.

[@aliahmadi3016]

Gold is the best and the safest and after that is bitcoin

[@jackoneil3933]

Thanks, do you have near and long-term outlook for U.S. Dollar?

[@wiseonwords]

You think the outlook for the pound sterling is bad, take a look at the Canadian dollar! Now, that's a currency whose value is REALLY plummeting!

[@stratosphereartstudio]

We can use xrp

[@kaushikvsmaniyan]

#Silver #Ag for smaller & frequently needed money and #Gold #Au for larger and future use money. Most currencies are going to collapse because they're linked to the #USD, commodity backed currencies are likely to decline far less rapidly though, maybe even hold their value if their governments are honest

[@Abdullahahmed-yw3gn]

Hi Tuomas, I've some collaboration ideas to share with you, what's the best way to reach out to you? please let me know!

[@CleverContrarian]

All currencies erode and depreciate in value and purchasing power…but major thing to keep in mind is that the world currency is gold/USD……….and that US Dollar’s value is based on the US’ credit rating and gold reserves etc Consequently all currencies value or rather pace of erosion and depreciation is correlated and caused by that currency’s country’s gold reserve, credit rating, competitive standing in trade, import, exports etc

[@OscarGoodwill]

The devaluation of all currency will continue and in my opinion will exsalerate. I dont now if it is even possible to stop it. The dept of the different blocks are soaring higher. some (EU) are not capaple of raising interrest rates and to Top it all off, Incompetence. decoupling and War.

[@gordonfernandes6873]

Well, the sooner this happens, the better it's for the common man on the streets ...to come to their senses & to kick these current NutCase politicians out and form a new Common man friendly policy type Govt🤔✊

[@ianarn]

I believe it is intentionally being devalued in order to boost exports! It won’t be great for buying imported goods.

[@helen677]

Isn’t that the plan so they can bring in CBDC?

[@blackcurrantpop]

Sterling used to be 1.50GBP to 1USD back in late 80s to early 90s. Don’t live in the UK anymore but wow now it’s 1.27 to 1! Frightening. Heard the UK has changed loads. Went bk to London 3 yrs ago and it looks less English.

[@STW1964]

In the last decade US M2 has approximately doubled. The debt repayment alone is a trillion dollars per year. It's unsustainable, the USD is not as safe a storage vehicle as you are making out.

[@Car-guy307]

UK Taxes + Borrowing = Government Expenditure Borrowing is now 100% GDP, any other country and they would have needed an IMF bailout

[@andrewcrow3266]

All cash has a half life which can be as little as ten years because of inflation, or average earnings.

[@creamrising]

Interesting that you aren't invested in precious metals since you're so into diversification.

[@malikshwehdi1210]

1 Kuwaiti Dinar (KWD) = 2.56 UK GBP

[@raymondngandu2432]

Don't paint all African governments with the same brush. There are some African governments that are doing well but only a few.

[@user-xv3rh9sd2z]

UK was becouse If brics Nations needed to sell their commodities with GBP now they have their own currency BRICS so brics.

[@MrAthenian89]

Isn't inflation part of the problem though? The value of all currencies slowly goes down because of inflation.

[@kevinp8027]

Yeah but you also lose value against other currencies if you hold the "weakest" FIAT. So it's even worse

[@arnoldvosloo220]

Yes but the drop in the GBP/USD exchange rate already takes inflation into account.

[@MrAthenian89]

@@arnoldvosloo220 all I'm saying is, we can't *only* blame the UK economy for the fact that the value of the currency went down. Inflation happens in every country. It's normal that the value of currencies goes down overtime

[@arnoldvosloo220]

@@MrAthenian89 The problem is not only has GBP gone down in value over time (like all fiat currencies) but it has gone down in value *faster* than others like the USD. Double whammy.

[@MrAthenian89]

@@arnoldvosloo220 yeah that's true

[@grey28282]

Labour will end uk pound

[@Nobumblegumforyou]

UK had some of the largest record for companies registered last year. That point alone is a fact. However, lets talk about the individual vs the corporate. Coming labour government will make it less attractive for companies to be registered here. It can be a negative factor. If said assets decrease in value due to currency, normally it encourages foreign investment. E.g. when UK pound was devalued during brexit, we had some of the largest tourist numbers on record. I do agree Signapore is a safe heaven and promising. But the other points has some bias and feel its attached to your affiliations creating a conflict of interest.

[@EncoreASMR]

With today's results, this will become worse.

[@tuomaskiv]

yes

[@YeahWellShutUp]

What's the problem with having all of your assets in USD? You live in Dubai, so you're not paying taxes on capital gains, meaning it doesn't really matter how much the USD inflates. Additionally, if the US economy tanks for whatever reason, you can be pretty sure that such an event is also going to destroy the stability of companies traded in other currencies, because a US in recession means a world in recession. In this high inflation world, holding fiat money does not seem like a particularly good strategy, regardless of the currency. Am I missing something?

[@blankexistence]

You're missing out on BRICS, it's the new crypto financial system and another big club you aren't a part of. Loads of countries from around the world are taking part, which will reduce the reliance on the USD as it's disconnected from the SWIFT banking system.

[@tuomaskiv]

Yeah good points

[@ThomasBlakemore]

As the UAE dirham is pegged to USD, The USA economy matters more than you expect