Budget Will Drive Economy Into Massive Black Hole. Reeves Opts for the Fatal Conceit of Socialism.

[@garynigeldraper119]

Someone asked me today if I enjoyed the extra hour yesterday when they put the clocks back. I replied ' nobody got an extra hour , the only thing that happened is that the Govt manipulated our perception of time '.

[@Sola_Scriptura_1.618]

Brilliant!

[@AntonyClayton-eq1ul]

Same with our perception of reality. And the truth.

[@brikfiend]

Spooky . . .

[@seoc3po]

You're ahead of your time. The clocks will be turned back one hour at 2 AM on Sunday, November 3.

[@shadowbanned4days]

Your so negative

[@Lawtasaj]

Do people in the public sector not realise where all the variety of the goods and services they enjoy come from?? Do they think the nice areas where they live, with the independent cafes and restaurants, are untouchable and will stay like that forever?? Idiots!

[@dickieblench5001]

Starmucks😢

[@iandougall7169]

They can't see past the end of their entitled noses!

[@barrybarry6592]

You only have to look around the independent is falling slowly, that will accelerate in my view

[@pavlovsdog5020]

By 2030 there will be no millionaires only billionaires WEF 2030 goal

[@Bluets023]

Lots believe meats comes from the store , now you see why the whole planet is in danger of blowing up .

[@sang3Eta]

"When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it." - The Law - Frederic Bastiat.

[@puppets.and.muppets]

climate repartions.

[@pavlovsdog5020]

And a secret society to ensure it All freemasons every last one

[@shadowbanned4days]

Yummy

[@tinyconspiracy9997]

Economic death spiral continues. How is it possilbe to not sound like a doom cryer, when all indicators point to doom?

[@sang3Eta]

"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else." - Frederic Bastiat

[@cockyhemi]

“Government in its best state is a necessary evil. In its worst, an intolerable one.”- Thomas Paine

[@Starmerispureevil]

The only private sector that will remain will be hundreds of thousands of Turkish barbers.

[@ianharley1726]

Nail bars, roadside car washers, urban farming and various empty take away shops. Launderettes 😂

[@angelenaboden]

​@@ianharley1726 tattoo parlours too

[@Respectforpensioners]

@@ianharley1726Whoosh, and all of those scooter riders delivering all manner of junk . What will they do during the day when everyone goes out to work.

[@richardwhite1120]

Sadly I have witnessed at first hand the chronic waste and inefficiency of 'The State'. I'm also old enough to remember the Labour governments of the 1970's. If you think the last Tory administration was poor, and it was, you ain't seen nothing yet.

[@martinh.6016]

I’ll second that.

[@Jack-wk7yi]

I know a guy who has reduced his work to 3 days a week and won’t work weekends so he can maximise his benefits in the U.K. He is 31 years old and has 5 children. Nice guy, but no incentive to work. He says he is really enjoying his life. All created by the U.K. government and their policies.

[@MuckyMucky-z3c]

That was the modus operandi for 60 years. Nothing changes in the UK, it's just continued degradation. But now, in addition, the whole of Europe is in a death spiral from boomeranged sanctions against Russia and China.

[@Stormer-Europa]

Like plugging an extension lead back into itself. Allowing a prison to built around him. No thanks

[@reformedchinesecommunist]

Can’t blame him

[@manda2030]

Good for him.

[@KennyL1]

Smart guy.

[@sk3ffingtonai]

Socialism is merely a polite word for communism.

[@cockyhemi]

Democracy is a polite word for socialism. “Democracy is indispensable to socialism.”- V.I. Lenin “The end goal of socialism is communism.”- Karl Marx

[@seeker2118]

Every government in the world is Socialist, only those who are fooled by the wealthy believe that the Government should be run for profit.

[@johnbethea4505]

Both Socialism and Communism are the end results of a once Free Society.

[@Stormer-Europa]

@@cockyhemi "Some call it communism I call it - - - - ism" - ????

[@puppets.and.muppets]

socialism is a nice word for theft.

[@seanhibbeler]

Don't work for money; make money work for you. Invest wisely today to create the freedom you desire tomorrow..

[@GiffordKollar]

Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.

[@user-kj2iv6xr7s]

​@@GiffordKollarexactly that's why I always seek Mr J Clark's guidance in all I do 😊

[@AudricEnriquez]

James Clark's market insights have consistently led to profitable decisions.

[@bayhunter6]

I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?

[@happyferet69]

Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.

[@mw8580]

The only black hole that starmer is looking at is Lord Alli's

[@Respectforpensioners]

He loves that one more than his family.

[@seansmith445]

It's so depressing watching my country go down the toilet 😢

[@Benzknees]

Outside of London & the South-East it went down the toilet in the 1970s, and is now just a place to accumulate the world's effluent benefiting from the only industry left, the printing of money.

[@davidcoard1978]

Higher taxes means the Black Economy will flourish

[@AntonyClayton-eq1ul]

Covid spivs leading the way; and setting the example for us all to emulate...

[@zx9mel]

You mean the free market . . .

[@freeforester1717]

Yes, but Rachel thinks this time it will be different.... 😂🤡👍🏻

[@Respectforpensioners]

She is deluded (and not qualified to be chancellor). GOD HELP US.

[@apflewis]

"... the few have a lot of wealth, and the many don't have that much wealth ..." Kier is making sure he is in the former group. He is basically overpaid, but with all his backhanders, he's doubled his income ( that we know about ) - without a tax liability. Kier, corrupt as the day is long.

[@brikfiend]

Zir Keer Starver

[@ranar1036]

Sir, not the country 'will' go bankrupt but is bankrupt! That is because both Tory and Labour were following the same failed policies. When you privatise every industry you are at the mercy of the Private Sector. The government has close to zero leverage in the economic direction of the country!

[@heereandqueer_andpeggy7375]

Neoliberalism destroys peoples lives.

[@JimPrice-i2c]

1£ trillion of Uk debt is public sector pensions liabilities- these will not be touched in the budget.

[@graemejones9707]

That isn't the problem, we are at the mercy of the public sector and its ruinous spending. Hence the highest taxes in generations. They just can't stop spaffing our money on total rubbish.

[@HS-sr9ww]

@@graemejones9707 do not complain, just leave the UK, And get a job somewhere else and live there. never regret it if you do that.

[@zx9mel]

"At some point, socialists run out of other people's money."

[@unibks4382]

Hardworking people will vote with their feet.

[@cobbler40]

Can anybody remember when a budget has engendered so much worry amongst the population .

[@davemitchell3998]

No

[@Ofelas1]

How will this affect the Duke of Westminster....I guess, not-at-all.

[@Drone-h2i]

You can't have socialism and open borders-- Bernie Sanders.

[@cockyhemi]

You can’t have socialism if you are to retain individual freedoms.- Me

[@Drone-h2i]

@@cockyhemi you're not wrong

[@samanthagarbettcharles4205]

You will own nothing and be happy .! Thats the plan .😢

[@Firefighting72]

The second part is optional.

[@Ologun1]

Pure Helicopter Money and expansion of fiat Debt borrowing on this scale only leads to contagion and a flight to metals safety of silver and Gold.

[@williamwallis6915]

They want the unaccountable monies that is estimated around 30- 40 percent , cash deals ,ie baby sitter ? They want every last thing including trees tagged , educate your self on uk constitutional law and spread the knowledge cheers Mario

[@AntonyClayton-eq1ul]

Unaccountable 'monies': don't exist. Have no factual reality; except in some tyrant's distorted imaginations. And they want holding to account and locking up for a long stretch. I'd say...

[@davebellamy4867]

12:05 Any young person educated or skilled (or in that process currently) should really be acquiring the appropriate skills to leave the UK or EU or perhaps even USA and work elsewhere. Or they are going to get caught up in a gigantic cull, I think.

[@jpm2478]

What skills do you think will transfer well?

[@robertwakefield7677]

​@@jpm2478Anything in the construction industry, cosmo, anything that serves people! You just need skill and WILL

[@Benzknees]

Elsewhere where? The rest of the world is training its own young people to an often better standard than anything you'll get out of the UK state education & training system.

[@S-cm7nx]

My main concern is how a lot of us or people that don't trust the government are quick to call this young generation lazy or to completely ignore their concerns. They are not the enemy and we should do more to reach out to them and sympathize with their struggle.

[@sebastiancioek5970]

It is unfair, that we give the half of our earnings to the state, and in reality around 82% of our wealth.

[@peterbrunsgaard2012]

Good morning Mario, Rudy, and everyone! ☕️☀️

[@ddprepper5227]

Excellent report thumbs up 👍👍👍👍👍👍👍👍👍👍

[@MM12684]

Get well soon, Mario 🙏

[@Tina-p4c]

Thanks Mario, look forward to hearing your opinions each morning, look after that cold 🤗

[@DarrenSmith-tq2xz]

Thanks mareo for this great content once again God bless you have a great week ahead stay safe and well

[@jongarratt5383]

"Socialism is the road to Communism"....... Lenin

[@michaelfuller2378]

Another great instructional video Mario!

[@joconst2880]

Morning Mario and fellow stackers in what is going to be a very interesting week 😊

[@frederickmuhlbauer9477]

Seems lately that every week is an interesting one

[@joconst2880]

@@frederickmuhlbauer9477it’s great 😊 keep stacking

[@cleanhit777]

The Chinese curse ' may you live in interesting times '

[@cockyhemi]

Every week is interesting.

[@ciscoguru69]

Mario, I've given up on the premise of "policy miscalculation" by our supposed betters in government and economics. There are plenty of bright minds in those sectors who daily stare at the uncooked elephant that sits upon their plates, knowing good and well the misery of the first and last bite. In the meantime, they push the vegetables around on the plate to make it look like there has been progress.

[@cockyhemi]

Agree. He keeps saying they make “mistakes”. These are calculated moves to create one-world totalitarian socialist government.

[@AuntPeggy1019]

Tax our way to prosperity? What a goofy idea! Take the money from the working class and keep it for yourselves!

[@bradlkt]

own nothing eat nothing buy nothing

[@Benzknees]

...and be happy...

[@stevebalkema2237]

What do you mean”will drive us into a black hole” We are now in the BLACK HOLR!

[@davebellamy4867]

18:17 then 18:37. It all depends on whether the BoE likes the budget, not what the markets think. The BoE already has the controlling interest in the government, I'm sure, owning over a trillion £ or 40% of its debt.

[@cleanhit777]

Yet idiots like professor Murphy think it's state owned, what can I say?

[@Sandwichking-hikes]

We knew for decades the fiat system was not long term sustainable, and deficits would get out of control. I heard about this when I was in high school and casual talk of adults when I was young about Medicare and social security running out some day. It’s just that for decades that was always a future problem but now it’s a within the next 10 years kind of problem. I think things will be okay a couple more years but will start to worsen more and more after that.

[@Firefighting72]

When President Nixon took the USA off the gold standard in 1971 it was said to be "temporary".

[@dh-1501]

The UK gov has been in debt for 300 yrs. Still going strong. This guy said pound sterling would collapse in 2004. Still going strong

[@mikehughes8023]

Setting the stage for CBDCs. Total control.

[@cameronmilne5319]

Thanks once again Mario 😊

[@bobnankervis9722]

Those who benefited from the inflation are not the problem. They were just smart enough to position themselves not to lose their wealth when inflation occurs. You would do the same if you could. The problem is with those who created the inflation

[@iretro97]

Amen. Thank you

[@gerrykeane4532]

Looks like they want to bring back the workhouses Oliver asked for more gruel

[@cockyhemi]

“Please sir, I want some more.”

[@andrewking9435]

The problem with govt taxing asset inflation, is that they create the inflation to start with. This then incentivises the govt to create more inflation to increase tax revenue, whereas tax revenue would be better coming from productive part of economy

[@philmelb1022]

Gold is a safe haven I agree with you there.

[@frederickmuhlbauer9477]

So you agree on the obvious I agree with nearly everything Mario says

[@thestonemaster81]

The divide comes from them printing money. Two people work a the same job make the same money. But one choices to to buy a house the other choices to rent. As time goes by. The one that bought is weather. The one that rented he owes nothing and his rent went up.

[@ghislainvandewalle3323]

The UK government has outlined plans for long-term debt reduction, the immediate effect of the 2024 Spring Budget is likely to be an increase in governmental debt. Many SMEs are concerned about potential tax rises, such as increases in Capital Gains Tax and Inheritance Tax, which could impact their investment and growth plans.

[@PonziZombieKiller]

Hello Mario 👋 thanks for sharing your thoughts and knowledge 🙏

[@christopherk140]

The spending…and definitely the deficit spending has gone on longer than I expected….. now it’s come home to roost. I keep an eye on the ten year USTreasury….

[@davebellamy4867]

9:27 Hutton is apparently unhappy that there was QE to fund a Conservative government but he will be happy that there is QE to fund a Labour government. Duh.🙄

[@lisapotter3052]

Wow, You’re on fire Mario ‼️ Love the uplifting work you do ‼️💕❤️🌸

[@johnbethea4505]

Our economy is like being on a snow sled going down a steep hill, going 90 miles an hour with no way to stop without stopping except to crash or to gradually slow down like stagflation.

[@davidthomas5990]

britain is not socialist, its a plutocracy

[@NorfolkSceptic]

The UK political bubble is Socialist.

[@tinabriggs2286]

totally socialist!!

[@cockyhemi]

Both intermingle

[@Starmerispureevil]

It’s presently an idiocracy.

[@JM-si8xr]

Plutocracy is socialism and is fascism. The wealthy desires money from government so they use socialism and fascism to benefit their corporations and businesses!!

[@1Nanerz]

Everything is subject to economic laws. An employee owned railroad in the US (C&NW, very successful), finally sold out to the Union Pacific. Employees did very well in the deal, but now it’s history. What good is employees owning the company if they cannot choose to sell it for a profit?

[@davebellamy4867]

Free market interest rates would solve the entire problem

[@cockyhemi]

Free markets and sound money would solve it. The founders understood this which is why they instituted the weights and measures that they did.

[@RonaldWarman-gr9kk]

Thanks, Mario. Rudy is dreaming about gold on the couch back there.😂😂😂

[@Quadman72]

Guten Morgen Mario und Rudolf

[@gmc9451]

How do they define 'wealthy'?.

[@jean-louislalonde6070]

They never learn from History!

[@ENWWN]

Thank you Mario. Socialism summed up very well today.

[@DeborahBryan-pe6dk]

Thank you!🇺🇸🎓

[@freefruitsandvegies3099]

No one online does videos of when they come after your gold..it’s just buy gold.

[@mountainpatriot7673]

Thanks Mario. They do not understand money or wealth. We are on our own!

[@RembyHirsch]

Having wealth isn't a bad thing.... what possibly makes it bad is HOW that wealth was acquired. If it was by Fraud or Theft or Corruption, then it should be taken back by society !!

[@joycethorogood2729]

Excellent report and programme again. Thank you Mario take care

[@rooftime4730]

when will people fight back

[@JustinTaylor1098]

Morning Mario and Rudy

[@pf824]

Are gold coin dealers obliged to record details of customers, (and hand it over to Govt agencies on their request???)

[@nessie2830]

They are in the US, guessing it’s the same everywhere, even if it’s not “law” or common knowledge.

[@bosstelbosstel5344]

You bet.

[@cleanhit777]

You need to show ID, so yes

[@cockyhemi]

Don’t give your dealer any personal information.

[@Crosshatch1212]

No I buy every week get asked for phone number or card I dnt have one or the other ,they sold me ut with a reciept with cash payment ,

[@kennewhouse5840]

Good morning, Mario! Sounds like you have a cold. Hope you feel better soon

[@ShealaChan]

Isn't it spending and spending on more war, propaganda, et al?

[@END-THE-FED]

If only there was some way to transport all your wealth to another country without using a bank or having to pay import taxes and other fees when using gold. 🤔

[@therocknrollcook]

Is that possible ?? I think customs might have a say in that

[@kentuckycowboy7660]

❤❤❤ good morning ☀️ everyone ☕️

[@graycurties6479]

This is DELIBERATE

[@QuaaludeCharlie]

Good day Mario and Rudy . Have a great week :) QC

[@kmk9119]

Dear Mario, there is a nice article in the FT on one of the leading Swedish family, the Wallenbergs....who do also belong to "The Crowd" for centuries.

[@russellbranch782]

Berg? Are you sure they are Swedish?

[@johnabbiss43]

I’m still learning 👍🏻for the first time in my life

[@paulniggel]

gday mario its called in my book robbing Peter to pay Paul

[@harichandrakhandate4582]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus has lifted up my Life!!! 🙏🏽❤️❤️

[@NourahMarie]

⠀ She helped me recover what I lost trying to trade myself

[@NourahMarie]

Geraldine Ann Philip understanding the market indicators is impressive. She knows exactly when to enter and exit trades for maximum profits. her siignals are top notch

[@harichandrakhandate4582]

That's amazing, I've seen different people talking about this Geraldine Ann, she must be a cool woman for people to talk this about her,how do you people earn money?

[@ElenaChavez-eb4cr]

I think I'm blessed,because What impresses me most about Geraldine Ann Philips is how well she explains basic concept of winning before actually letting you use her trade. This goes a long way to ensure winning trades

[@harichandrakhandate4582]

This sounds so good and I would like to be a party to it, is there any way I can speak with her?

[@nicholashillier1977]

MARIO. URGENT. I am a doctor and a grateful subscriber. Please ensure that you see a dermatologist about the pigmented lesion on your frontal scalp. It is rapidly evolving and could be a melanoma.

[@maneco64]

Thanks, I’ve just booked an appointment.

[@echoecho5244]

They should not have bailed out the banks

[@roseprouty2413]

Feel better Mario. 🙏

[@kevinw9073]

Good morning, Professor! Funny how politicians of both parties ALWAYS march lock step with Bankers no matter what party is in charge. Once you understand what REAL MONEY is stacking gold and silver become a simple routine. Mr. Greenspan was a classic example of a Banker/Politician who would lie to the American public while Fed chairman yet keep purchasing his gold. Let them play their game and I will play mine. My peace of mind gives me the focus to realize what is now in play.

[@peterprescott9041]

The country’s gold should be treated just like the Crown Jewels.

[@gmc9451]

Locked in the Tower of London where the plebs can't get their grubby hands on it.

[@granthand999]

thanks Mario

[@Maneco64-m64]

Hi,Thanks for the time! Hope you enjoyed the video and are as hyped as I am about getting more good content out! Don't forget to like the video 😊 My CeII ls divided into three for clarity and to avoid mistakes Starting with 十 1515 …then 758 ..Lastly 4656 The CeII ls for one on one texting. Thought ld pass along some helpful info, l'II be expecting your text,alright👍

[@crystalmortimer4666]

I agree! It's not fair to take from those who are successful financially. But the generations there after need a chance as well. A new system and backed currency needs to be put in place to keep the ball rolling. Otherwise mankind won't reproduce by fertility or financially. If the system wasn't set up where everything revolves around it, then no one would care, but as we know, that isn't the case. The majority of the failure was done by the hands of our own gvnmt spending. Your average Joe isn't spending millions, billions, or trillions of dollars. Thank you!!!❤

[@crystalmortimer4666]

We are already seeing the failure play out in real time. We are in stag flation. Are there any other recommendations on how to fix the trillions that the US is in debt for? Which, I might add that the majority of the RED are expenses related to War/Battle. Who benefited from that?????? Can anyone attest????

[@ronweber5652]

Thanks!

[@frederickmuhlbauer9477]

UK is toast Mario I’m surprised you don’t move to Switzerland I would if I could

[@seansmith445]

The whole of the West is toast.

[@DavidG-qe7yn]

Thanks Mario 😎

[@robertscott4728]

Mario: looking back over the last 120 years in the U.K. I see we went from a powerhouse of industry …to no real industry left in 2024. I feel this was caused by having a fiat currency system which deliberately destroyed our economy, industry and finances so that these jobs could be moved overseas. What do you think? Have you done a video about this? Thanks.

[@andrewquinn6634]

Good morning from Chicago

[@FahoodFalcon]

I'm favored financially with Bitcoin ETFs approval, Thank you buddy.$32,000 weekly profit regardless of how bad it gets on the economy.

[@KennyBen-k9x]

Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you

[@OliviaAva-wv4rq]

YES!!! That's exactly her name (Margaret Emily) so many people have recommended highly about her and am just starting with her, Kairangi from Brisbane Australia..🇦🇺

[@GeorginaMary-l3c]

people are ignorant of profitability in bitcoin investment and that has been the major issues limiting their investment

[@StephanieVanscoyk]

She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.🇺🇸

[@jesscindy4748]

This sounds so good and I would like to be a party to this, is there any way I can speak with her?

[@cobbler40]

So the solution to record taxation and record borrowing is higher taxes and more borrowing ?

[@StarfireReborn]

November 3rd We "Fall Back" Quite Unfortunate That We Still Do This. But Good Morning Mario! 🫶 You Sound Fine 🎙️ Get Well-er!

[@stephenjones5465]

Solve the tax problem by not working. Save up 6 months of food and cash. Pay your land taxes for 1 year. If 50% of people do this the government shuts down.

[@mikeeasterwood9625]

It is UNFAIR.... Yes it is unfair that I am not a brain surgeon, or a high paid athlete? What do I get for the unfairness of biology or environment? NOT a thing! So, if you work , save, invest over your life and happen to have an estate, you should be able to benefit.. Just like the high paid athlete or MD...

[@mikeeasterwood9625]

No one actually believes that life is FAIR! Besides, who decides what is FAIR?

[@warningsigns4526]

Lost Battlefields with Tino Struckmann and Dr Joseph P. Farrell are my favorites on discussing real history - conveniently omitted from the fool system. Lots of well paid indoctrinators would never teach this to their students.

[@cockyhemi]

Being a Marxist is a prerequisite for being a “change agent” in the American indoctrination camps.

[@Jo007kin]

I became an 'adult' in 1970 when the British PM was Heath..I have lived through 13 PMs and their Chancellors via 8 CONservative and 5 LIEbour Governments and ALL have been Dog Poop...dispite 'higher' Educations, a raft of Historical information on Economics and privileged backgrounds the British poLIEtical class have Never, Ever, got the Economy 'right'..the simple truth is...these people are not, and never have been, good enough to run UKplc. However, we are Stuck with them and the System..which is why Britain will continue its Terminal Decline to become the Argentina of the North Atlantic, probably, before the end of this century. 🇬🇧➡️📉

[@leejames1792]

Exactly, i ask people what good has any gov done for you, name one thing they have done that has made your standard of living better in return for what you put in, its a cr4p deal.

[@nikkion2140]

Yep. What shocked me is how do we put faith on an entity (government) to drive economy? People in government have never generated a penny from economic enterprise. They dont know how to. None of them have any idea to run even a small shop to make a profit! The only recipe they know is to take money £££ from Peter to "give" Paul and at the same time they siphon some for themselves!. I guess one can call this is their fee for carrying out a transaction? My 2 cents.

[@darylmendosa676]

I’m dreading myself don’t want Liz Truss part 2 budget 😢😢😢😢😢 scenario