Financial Literacy Expert On Why UK Economy Is In Trouble

[@PlainEnglishFinance]

Thanks so much for this Andy and Team. I think if Gary S and I met, we'd be perfectly fine over a pint and could hopefully find common ground. That said - a shame that you cut the bit where I made the point that every trader in the world with a strong e.g. 40- or 30- or 20-year track record is surely, empirically a "better trader" than him given the length of his career - so he cannot factually be "the best trader in the world", no? 😊

[@silko79]

@PlainEnglishFinance New follower here, having recently read your books and invested in the VT PEF fund. Excited to be on this journey. Great interview too. Thank you!

[@PlainEnglishFinance]

@@silko79 Thanks so much!

[@dtex_zero]

Well said mate, i'm a trader myself. He spent most of his time market making and then by the sounds of it, found 1 single edge and exploited it for a few years, with the backing of one of the biggest banks in the world. That doesn't put you in contention for 'best trader in the world nonsense'. I know retail guys that have grown £15,000 to £20M over 15-25 years... that is far more impressive, but they don't go running their mouth because they want to be an infulencers. Hes selling the socalist dream that has become so popular in the UK, due to failed government policies since 2008... and people that don't understand these things are looking for alternatives they only see rich people getting richer... and wrongly blame captalism for the countries failures.

[@curt3494]

Thanks for taking the time to sit down for this podcast. I've only just come across your work, but I will definitely be taking the time to watch and read more of your stuff. Cheers! 👍

[@GodsOwnPrototype]

On the issue of UBI, it's obviously terrible but what you could do is give Skill & Qualification stipends commesurate with a social value measure (some market feedback mechanism still needed) - which works whether you can play grade 2 piano Mozart, compound essential medicines, plumb in a sink, rebuild & tune an engine, do a backflip, recite the details of the periodic table, or a great written cultural work of run a marathon etc. Money for nothing is always a recipe for disaster.

[@garyb455]

I have been in business for over 40 years and it has always been difficult to raise finance

[@robham100]

Loved your first book ( own the world ) love watching your videos , i cannot believe that the financially incompetent politicians will take any advice that Andrew has in abundance, its just so obvious in my point of view

[@billykotsos4642]

A conversation between Andrew Craig and Gary Stevenson would be very fruitful and they would absolutely have a lot common ground.

[@jamesgould7373]

Nothing but the truth from this gentleman! sorry to say the UK is on a long slow hard economic decline. i have said for many many years - the UK has punched & lived above its means for decades! Both economically and militarily! , watch this space! it may take 2weeks/2months/ or 10 years but the UK WILL COLLAPSE! AND the UK PEOPLE ARE SLEEP WALKING STRAIGHT INTO IT! , SILLY SILLY population! and yes, i'm British! born and bred. work in oil/gas. Looking at my exit ASAP!

[@Abdul_Rahman86]

Andrew Craig is a legend! Give us tax incentives to invest in the ftse250. When I contribute to my SIPP I automatically get 25% tax relief. Majority of that money goes to USA. Give me 35% and I will allocate it into the FTSE

[@billykotsos4642]

1:01:16 I think that would be a caricature of Gray S. proposal. i think his proposal is summed up nicer by saying: "Raise taxes on the richest, and cut taxes for the poorest"

[@dtex_zero]

@@billykotsos4642 The uk needs growth. That is the reason your quality of life has diminished... not rich people. Government have destroyed free enterprise, the only people that have been able to compete are people with large amount of resources, like explained in the video with the army of regulation lawyers example. Gary S economic policies are that of an 18 year old university student. They will make the country worse, he deserves to be a caticature. we cant take policies that have been tried before and try them again hoping they work this time 😂

[@billykotsos4642]

@dtex_zero im extremely sceptical about growth in this country... if there was a way to achieve it then it would already have... Dont forget that Brexit was the "best chance" for the UK to actually grow... I dont take the "growth" talk seriously anymore. I think that deserves to be caricatured in its own way. UK is just turning into the biggest retirement home in existence. By the way cutting taxes for working people and raiseling them on wealthy...I believe majes perfect sense.

[@dtex_zero]

@billykotsos4642 brexit went the opposite way, they decided to not deregulate and decided to run an immigration ponzi scheme to stimulate the economy instead, that has failed. GDP per capita hasnt moved in nearly 20 years now while china and america, singapore so many places are killing it. You couldnt name 10 things we've created in that time, but you could name 10 social media apps alone that rake in billions for america in that time. Just as 1 example. Its a childish policy, built out of resentment of people that have more. Thank god it will never happen and is a pipedream among the bitter, the policies have been tried before in other countries and they lost billions overnight

[@dtex_zero]

@@billykotsos4642 Brexit they decided to run a ponzi scheme instead on behalf of huge coporations. There is a limit to how many dominos pizzas you can open and fill with cheap labour. It was never going to work, its the tories fault, it was a cheap, easy lazy plan. The argument only points in the growth directiom out gdp per capita has not grown in 20 years nearly. American, china, australia, singapore... all have. The country is not creating and innovating... we're just opening service after service with cheap labour to try stimulate growth. On the tax the rich thing all i will say is its childish, highschool policy. Its been tried and lost countries billions basically overnight.

[@dtex_zero]

@@billykotsos4642 youtube wont allow me to explain brexit. But its basically down to lazy politicians and coporate cronism that they've been running a ponzi scheme oprning endless services with cheap labour. Cheap, dirty, growth that has failed... with numbers having to increase every year. There is no discussion its a growth problem... america, china, australia etc... all growing year on year. The UK doesnt create or innovate it has destroyed its manufacturing, we dont create any tech, we're a low skilled endless service based econonmy. We havent done anything in 15 years. Im going to ignore the tax thing. Its childish and will lose the country billions overnight making everyone insanely poor

[@GodsOwnPrototype]

@bwblondon 58:05 After just talking about the media's duty of care to not divide people over controversial issues & report properly you then 58:05 repeat the canard that people concerned about the impact of immigration focus their blame on immigrants - when their main focus of it is on treacherous, subversive & lazy power elites committing to managed decline in all areas. I agree with all your other general points in this episode, (& most in others), but I'd appreciate some due dilligence being done on this one. & on the issue of cost of the past half quater centuries' immigration policies, the University of Amsterdam recently put out the result of a 4 year study on the financial impact of immigration on the Netherlands between 1995 & 2019 that showed a net cost of €400 Billion. Slim chance it's wildly different in the UK - should we ever be shown all the figures. Immigration didn't need to result in what it has, it could have been done sensibly & only broughr benefits - instead we have plumetting social trust, spiraling debt & the children of English (white British) families will become a minority in the English schooling system within 10years by their own reported student body ethnic data. (The English to become a minorty in England in mere few decades & all Britons in the Isles - not just the UK - by around mid century). I like most people have no issue with honourable guests of foreign extraction themselves, but I do with those who aren't honourable & the impact of undemocratic demographic policies on my heritage & the destruction & those who enacted, continue & defend them.

[@Polina-re3wp]

Great interview, will be following you both! Andrew, I'm a big fan of yours 🔥 P.S. Also a pianist :)

[@PlainEnglishFinance]

Thank you very much indeed!

[@marksheffield4958]

Slow down and stop talking over each other

[@JJ-zg1hh]

Brexit

[@xtc2v]

The US and China are doing well outside the EU

[@GodsOwnPrototype]

A wasted opportunity whichever way you cut it - best play would have been to take the fact that the Referendum served the UK a negotiating Ace with the EU & if tantrums hadb't been had & the political class had put the country first they would have taken that as the measure for each decision & dared the EU to kick us out if they couldn't accept it on the relaxed basis that we had a mandate not to be there.

[@SlowCookingSundays]

Amazing conversation!

[@rwhite9958]

Too much interruption, let the man speak. Frustrating sorry.