British economist Gary Stevenson on inequality, trading and greed

British economist Gary Stevenson on inequality, trading and greed - Jung & Naiv: Episode 735

Рет қаралды 138,021

Күн бұрын

Пікірлер: 229

@hermannpaschulke42 Ай бұрын

Ich liebe Jung & Naiv und ihr macht wirklich wahnsinnig wertvolle Arbeit. Aber der Kommentar von Hans am Ende hat doch schon einiges an Gewicht für das Format momentan. Es sollte mehr um eine geschickte und kritische Darstellung der Meinungen der Gäste gehen (und gerne auch mit naiven Fragen), aber momentan geht es gefühlt doch sehr doll um Suggestivfragen und die Darstellung von Thilos Meinung. Ich wünsche mir da ne kritische Selbstreflexion

@bvbftw Ай бұрын

Es müsste mehr Leute wie Gary geben

@DakotaFord592 Ай бұрын

Omg!!!!! This man is beyond stunning!!!! I want to put my face next to the arch of his foot!!!!!!!

@Phynne85 Ай бұрын

Das würde was genau ändern?

@stephanschleim Ай бұрын

Great to see one of my favorite economists in one of my favorite podcasts! Great how you explained the biased incentive system in economics. (It's similar in different disciplines.)

@strohhutpictures7042 Ай бұрын

😊

@strohhutpictures7042 Ай бұрын

😊😊😊😊

@testpm-il7qq Сағат бұрын

WOW!! “Enunciating your T’s” can’t believe such a small distinction matters. Always educational with Gary… just an American just here learning, thank you

@PowPowPeng1 Ай бұрын

Nice, Gary spricht das an, was in unserer globalen Wirtschaft nicht stimmt. Super Gast

@CodPlayerNo77 Ай бұрын

Gary ist ein Bildungsbürgerproll und ich liebs! Genau mein Ding. Stay real Gary 💪🏻

@ilfantasticobananajothesci3922 13 күн бұрын

lol und ich warte noch auf mein stupendium

@Christian-zw3dy Ай бұрын

Ich studiere aktuell „International Political Economy“ und würde sagen: Diese Disziplin ist, was Economics, oder VWL sein sollte. Wir lesen Klassiker, lernen die verschiedenen Ansätze kennen, werden ermutigt unsere eigenen Perspektiven zu entwickeln und diese zu diskutieren und hinterfragen die ökonomische kritisch und arbeiten recht wenig mit mathematischen Modellen. An sich ist das auch nicht verwunderlich, wenn man bedenkt, dass IPE der Ursprung von den heutigen Economics ist. Ich möchte nur sagen, dass es mit einer entsprechenden Studienwahl auch möglich ist wirklich was über Ökonomie zu lernen.

@Patrick-jj5nh Ай бұрын

Kommt darauf an welche Universität das ist, und dann sogar welches Programm; man kann in der gleichen Fakultät unterschiedliche Formen von 'Wirtschaftslehre' finden

@Christian-zw3dy Ай бұрын

@@Patrick-jj5nh Ja, richtig. Aktuell studiere ich an der LSE in England. Davor habe ich an einer sehr kleinen deutschen Uni Politik, Philosophie und Ökonomie studiert. An beiden Unis habe ich sowohl Marx, als auch Smith gelesen. Ich möchte nur darauf hinweisen: Es ist möglich Ökonomie auch so zu studieren.

@DakotaFord592 Ай бұрын

Omg!!!!! This man is beyond stunning!!!! I want to put my face next to the arch of his foot!!!!!!!

@teekanne15 Ай бұрын

Warte mal bis du die ersten 5 Jahre in einem Konzern gearbeitet hast. Dann ist fast alle Theorie irrelvant aus dem Studium

@Christian-zw3dy Ай бұрын

@@teekanne15 mag sein, aber darum geht es ja hier nicht.

@subutaynoyan5372 18 күн бұрын

I was a bit annoyed by the interviewer at first but kudos for extracting maximum from Gary. He sometimes loses his composure but here, the host just kept him on point and sharp

@Christian-zw3dy Ай бұрын

What was the reason for higher taxation after the Second World War?" Part of the answer: The Bretton Woods system with its capital controls led to truly autonomous states that did not have to fear capital flight if they raised taxes. It was simply not possible to move your capital wherever you wanted. After the collapse of the Bretton Woods system, a rise to the bottom could be observed with regard to taxes on capital in general, such as corporate taxation, but also maximum tax rates etc. On the other hand, the taxation of labour, which is not as mobile as capital, increased.

@UTubeISphere 10 күн бұрын

Great Depression and FDR substantially increasing taxation in the US already prior to WW2 thus ending the Guilded Age characterised by staggering inequality.

@shinzenyoung9888 24 күн бұрын

I absolutely love this guy. He is very smart yet also very funny.

@lrama6999 Ай бұрын

Gary you’re a one in a million bloke! Cheers for doing the right thing mate 🎉

@thomashume6497 Ай бұрын

Great to see you back talking about inequality,economics, finance again. Hope your trip to Japan was good!

@thomashume6497 Ай бұрын

Make a trip to the Isle of Wight @garyeconomics would be awesome. 🙌

@phil.br91 Ай бұрын

Er sollte nochmals erwähnen, dass er Multimillionär ist und Citis bester Trader. Das hat er nämlich etwas untergehen lassen! Jokes aside, auf mich wirkt es wie eine persönliche Vendetta gegenüber führenden Economists. Griffige Instrumente / Konzepte wie man Inequality gegenübertreten sollte, habe ich bisher noch nicht rausgehört. (PS: Fand sein Buch ziemlich gut, die ersten 2/3 sehr unterhaltsam).

@Martin-tz6ms Ай бұрын

Wusstest Du dass er 2 Millionen in einem Jahr verdient hat? Und dann musste er auch noch mit Leuten sprechen die gerade mal 3% seines Einkommens verdienten, oh man oh man. Gut dass der Gary sowas nicht zu oft ans Brett hängt lol

@lukiluke36 Ай бұрын

Er sagt es mehr als genug: Taxes, taxes, taxes!!!

@Qatgcyui Ай бұрын

Tax those individuals and families worth over £20 million.

@phil.br91 Ай бұрын

@@Qatgcyui Ok. How? On which basis? How frequent?

@AM-gy3qp Ай бұрын

@@phil.br91 Swiss model would be a beginning no? "Depending on the canton and assets, wealth tax amounts to 1 to 5 per thousand on taxable income. The tax is progressive: larger assets are taxed at a higher rate than smaller assets."

@sevsev4078 Ай бұрын

Not knowing much about Mr. Stevenson's intellectual background and what exactly he studied, but I would encourage him to dip deeper into the fields of sociology, political science, and history, with a focus on critical, decolonial and environmental theories, all related to the history of economics. Especially the theories of Pierre Bourdieu regarding classes and inequalities might be of great interest, considering Stevenson's unique background coming from a poorer houshold and being able to study at a prestigious elite school with its unique social environment and rules. I'm not at all surprised how the field of economics is oftentimes thoroughly abstracted and departed from reality, but most of his realisations have been thoroughly discussed in these other fields for decades. A key aspect of the future of research is interdiciplinary work, and that especially requires economists to get a reality check on what they actually do by learning from other fields, and vice versa of course. This way we could develop new strategies on how to combat inequality, disinformation, violence, exploitation, injustice, etc. Not that it's a silver bullet to the problems we face, but it would be a huge step forward in our fight to preserve democracy and our work towards equality.

@cosimocub 25 күн бұрын

well said

@googleuser4207 22 күн бұрын

He oxford degree. You?

@mark3xZod 20 күн бұрын

Thinking across disciplines has value, but the “decolonize” agenda and the rebranded greenpeace extremism are flimsy pseudo intellectualism. Gary’s power comes from tying hard data and real world issues together to explain inequality and the problems it causes. He won’t find anything useful listening to people who want to dismantle capitalism or people who see racism around every corner.

@UTubeISphere 10 күн бұрын

BSc Econs In Economics and Maths = his undergraduate degree. IPE or Economic History or some other fields (Public Health, Development Economics?) might be other areas to look into, I guess.

@voidwraithprime8521 7 күн бұрын

I don't believe he's dumb to any of these things. I feel he chooses to parry away topics of conversation that historically lead to "sides" or lines being drawn as his life has shown him people of all types contain multitudes and the only way the great wyrms of capital will be defeated and the hoards of gold their sleeping upon be redistributed to the masses is through uniting EVERYONE.

@dodecahedron12 Ай бұрын

In Kombination mit dem Steve Keen Interview ist das wirklich hart zu verdauen. Danke für eure Arbeit.

@sabinebrandi1636 Ай бұрын

Liked this guy from the minute he appeared in irish radio (with Brendan O'Connor) and I'm ready to join an international movement- led by Gary - with no other claim than simply: TAX the rich!

@danielclayton7524 5 күн бұрын

Love this honest Gent. Hes a credit to our world

@Mary-uj7rp Ай бұрын

ahhhhh my 2 favourite people discussing politics and econ!!!!!! what a treat, thank you so much!!!!! danke euch :)

@redbigapplefloppa302 Ай бұрын

Wow, Gary bei Jung und Naiv? 😍 Kenne viele seiner Videos. Finde seine argumentation sehr überzeugen.

@teekanne15 Ай бұрын

Guter Verkäufer/Trader halt :D

@maxkopfraum Ай бұрын

great episode

@peterthart531 6 күн бұрын

It took him all the way until 35:00 to drop the first f bomb. Good self control this time. Gary is a gem. He cannot stop the catastrophe but at least he is trying.

@pcopeland15 21 күн бұрын

I am fascinated with this guy. I don't agree with him absolutely, but he raises, and is an advocate for, considerations about distribution that are frequently neglected in other discussions about economic stimulus, in a very accessible style. Among other attributes he brings a trader's perspective, who is on the other side of the trade? I would like to hear him add in demographics and policy analysis.

@subutaynoyan5372 19 күн бұрын

I think it was in Novara Media, where he mocked the idea of trusting the liberal markets to solve each issue with "They want us to pretend extremely wealthy people are all Gandalf, or something, they'll definetly give all they can for the good of others" Which was basically the most spot on point I have heard about liberalism ever.

@saturndirect8085 Ай бұрын

I could listen to gary all the time. Thanks men for articulating the issues.

@kujobeatdown Ай бұрын

When he said at 45 someone recognised how pointless the money became it remembered me of REN'S MoneyGame3: 45, Jimmy comes home out of the rain Soaking wet upon a wheelchair, he's been drinking again He has everything he wants, he has fortune and fame Such a fortunate fool with an unfortunate fate With a 45 caliber aimed at his brain 45 a fitting number 'cause his age is the same Hears the words of his father: "It's such a damn shame" Then he presses on the trigger of a money game

@valentinreichel7640 Ай бұрын

I wonder did he study in oxford and did he earn 2 mil a year

@neuemilch8318 Ай бұрын

ich habe mich das als ich ihn das erste mal gesehen habe auch gefragt und ja hat er. Danach habe ich mich gefragt ob mir dass jemals in den Sinn gekommen wäre Gary ein Anzug träger mit 500£ Haarschnitt. Der ihrgendwas von rebounding curves und quantitativ easing vor sich her stammelt, Wahrscheinlich nicht.

@valentinreichel7640 Ай бұрын

I support his case for sure. Interesting person. @@neuemilch8318

@UTubeISphere 10 күн бұрын

His undergraduate degree was a BSC Econs and Maths at LSE - the Oxford degree came after three or four years after ending his trading career in 2014 (?).

@Paul-pi1dd Ай бұрын

Ich würde alles geben für ein Panel/Gespräch zwischen Hainer Flassbeck, Gary und/oder Maurice Höfgen, Ich glaube bei allen wird das gleiche Problem aus unterschiedlichen Richtungen erklärt.

@TheDarkInstall Ай бұрын

This is my first time watching this channel. The interviewer is razor sharp, and superbly concise. Excellent. A pleasure to witness. He is like a tiger playing with a mouse, yet subtle as air.

@TheUnderdog1992 Ай бұрын

There are a few more english interviews if you're interested. Not too many though, but they're always worth a listen!

@TheDarkInstall Ай бұрын

@@TheUnderdog1992 I will have to study German then!

@gobgibbesnimmer 4 күн бұрын

Great to see Gary here ❤

@RamonSmithMusic Ай бұрын

Gerne würde ich denken "Mein Ruf wurde erhört!", aber ich denke Gary's Besuch ear schon geplant, als ich ihn als Gast vorgeschlagen habe - und das wahrscheinlich niemand meinen Wunsch in den KZbin Kommentaren auch nur gelesen hat. Aaaaber: es freut mich tierisch. Gutes Gespräch bisher. Ich bin bin gespannt wohin es noch geht. (Ja, es ist witzig, wie sehr er die Angewohnheit hat zu sagen was er getan hat. Ich vermute er hat gelernt, dass Leute ihm eher zuhören/für voll nehmen, wenn er im selben Satz seine Expertise mit "funktioniert in der Realität" belegt.)

@LovisAnderson Ай бұрын

Das war mal wieder eine richtig geile Folge!

@gregmurphy8059 11 күн бұрын

When you were talking about trading for the public, or turning the government into an investment bank- that's already an idea. Its called "public wealth fund." Norway does it.

@younesaitharma1240 Ай бұрын

Seit sieben Jahren bin ich Fan und endlich kam ein Rap-Zitat!

@Bpdbkdlfndkk Ай бұрын

Könnt ihr als Ökonomen bitte mal Heiner Flassbeck einladen? Ich finde er sieht vieles, was die Mainstreamökonomen nicht sehen.

@Christian-zw3dy Ай бұрын

Fänd ich auch spannend.

@kleckerklotz9620 Ай бұрын

He's a very competitive guy. And losing a competition is his greatest fear. I wonder if that's his reasoning for his activism for a greater good.

@UTubeISphere 10 күн бұрын

Agree. He also mentions (here or in other interviews) guilt or feeling uneasy about getting a year-end bonus for which his father would have needed to work, say, ten years. In other terms, it's also about balance.

@barti6858 6 күн бұрын

Even if thats true, is it bad?

@moritzmonska9912 Ай бұрын

Phänomenales Gespräch! Ihr könntet Hans etwas lauter regeln, da er oft weiter weg vom Mikrofon redet. Ok ihr Lieben, lets go!

@IchLiegFlach Ай бұрын

1:36:50 wieso hat er "gecheated" bei dem Spiel? Ich versteh die Stelle nicht trotz mehrfacher Wiederholung

@claudiofreedom8738 Ай бұрын

@@IchLiegFlach weil er sich im Vorfeld hat die regeln erklären lassen

@IchLiegFlach Ай бұрын

@claudiofreedom8738 danke

@dijabln1378 Ай бұрын

boar ist das ein gutes interview, danke!

@TheComfyraver Ай бұрын

Zack - nächster Volltreffer!

@PyaZ68 Ай бұрын

Also die Analysen sind interessant, aber ja ok Bruder, wir haben verstanden, dass du der Beste bist. Selbstinszenierung durchgespielt.

@mugnuz Ай бұрын

die harmlosere variante wenn man gut ausgesorgt hat nur ein egoproblem in ne harmlosere richtung zu haben...

@peterbedford2610 Күн бұрын

Famous traders from Wall street that got great returns ten to fifteen years are extremely rare. And they made themselves and other very wealthy people even more wealthy...not the general investors.

@Thousand_Word Ай бұрын

Take a drink every time he says that he used to be a "young trader"

@karlcarlsen9664 Ай бұрын

I saw him several times in videos. Guter Typ.

@CristinaGomes-qo3vu 22 күн бұрын

I don’t know how to put this in words, has to stop being about greed and be about the actual ‘equality’. Can we cap the amount of money anyone can possess? Increase tax to equalise the damage done and focus like crazy on children (the future, every $ spent gives $4 profit), the poor, opportunities for minorities, equal rights for women (we all have a mother), promote small, local enterprises. All these, keeping at the centre sustainability or everything goes bust!

@hplutsch6499 Ай бұрын

Super Gast! Ich hoffe, dass er im deutschsprachigen Raum mehr Aufmerksamkeit bekommt!

@hoshy0001 Ай бұрын

cool, dass Gary zu GaST war! sehr interessanter Typ, werde ich sofort anschauen :)

@randomname2357 Ай бұрын

Super Gast! Super Interview. Danke!

@chrisjames1924 5 күн бұрын

Has germany discovered the sandwich yet?

@aggrofreakanton Ай бұрын

Freue mich schon auf die Sicht von Maurice darauf im Wirtschaftsbriefing :)

@mugnuz Ай бұрын

naja ich glaube das wird ziemlich unüberaschend und eher langweilig... auch ohne mmt gibts ja keine wirklich rationale meinung gegen die hier genannten ansichten gary's

@nataljawehmer3161 16 күн бұрын

Well, this interview started rather poorly with Gary totally overdoing the "I earned millions" and Thilo repeatedly interrupting before Gary had a chance to develop his thoughts (he was searching for something - it could have been interesting and fresh). Rather annoying. But then both got into a rhythm and it became absorbing. It was great to hear Gary describing fundamentals and the big picture as he has discovered it through life experiences so different to mine... Great interview journey with an obsessive, analytically sharp mind... Inequality is evil and it is tiring how mainstream discourses belittle it 😢

@claudiofreedom8738 Ай бұрын

So ein wahnsinnig guter Gast und so wenige Views...

@LasseRegnen Ай бұрын

Ja sollen se deutsche Untertitel rein machen, kann nicht jeder gut inglisch talken oder verstehen^^ Dann würden sich das vllt. auch mehr Leute anschauen/anhören...

@hanspeterwunderlich8909 Ай бұрын

Ist noch keinen Tag alt:)

@maxkopfraum Ай бұрын

@@LasseRegnen Das ist verdammt viel Arbeit, selbst mit KI Rohfassung als Grundlage... Schön wär's aber.

@DakotaFord592 Ай бұрын

Omg!!!!! This man is beyond stunning!!!! I want to put my face next to the arch of his foot!!!!!!!

@hansj.8091 Ай бұрын

@@LasseRegnen die deutschen untertitel kannst du dir mit paar mausklicks in den youtube-einstellungen selbst automatisch reinmachen. dauert keine halbe minute.

@voidwraithprime8521 8 күн бұрын

Read between the lines: the system is built to sustain itself. This system requires the rich to not consider the lives of the poor, so economists are taught their equations matter more than reality, and banks give our jobs based on how posh you are...

@willyjohnsons_member6019 Ай бұрын

Ladet doch mal Prof. Heiner Flassbeck ein.

@lukasb.5182 Ай бұрын

Vielen Dank für diese Folge! Sehr interessante Perspektive!

@1969fata 5 күн бұрын

What does it mean to tax the rich? Who is it that should pay high taxes? Because our (ordinary EU middle class people) experience is that taxing the rich will eventually mean taxing the middle class because they do not have the means to avoid taxation but can still pay. If you have a small flat to let out or an average salary you will never be able to save because taxes will take it away. So it id better if the rich do not pay more but I do not as well.

@GreyFox474 Ай бұрын

Er hat Lars Feld wirklich gut beschrieben. :D

@provinzGFX Күн бұрын

Talking 'bout greed... is it really necessary to play so much ads in between, given that youtube ads are especially brain numbing pitches for shitty crypto trades and games....?

@DroneRider69 26 күн бұрын

Toller Gast!

@krasky Ай бұрын

Ein paar interessante Gedanken waren dabei, aber das Meiste war Phrasendrescherei, Selbstdarstellung (ich war/bin der beste Trader) und Buchvermarktung. Absolut kein Vergleich zu Leuten wie Adam Tooze oder Steven Keen.

@richardamullens 6 күн бұрын

Simultaneous partial differential equations ?

@MauTrading 3 күн бұрын

This 'journalist' did what a journalist is not supposed to do: being extremely biased and talk from personal experience and preference

@Sick_Dude-l1w Ай бұрын

So spontan mit dir im Gespräch würd ich dich ernster nehmen wenn darauf verzichten würdest dich auf deinen Fantasie accent zu konzentrieren Das würde auch transportieren dass deine Priorität darauf liegt inhalte zu besprechen. Aber wenn deine zahlende crowd bestellt dass du funky klingst und eh keiner merkt wie verzweifelt das wirkt dann ist das eben so . Ich mein, ich als Schwabinger Lastenrad Pilot mit fast alle BWL scheine hab ja auch so nen Obergruppenführer in der Prokura der dann wieder raus haut: leddies n schedndelmen ,weeee rrrr fesssing se etch of darkness wiss siss nu protscheckkt, aber ihm gehts halt auch mehr um die Zahlen,woisch..und das ist ja doch wichtiger als seine Herkunft aus Wolfratshausen zu verschleiern

@alexandrawagner5963 28 күн бұрын

Did you ever think about negative interest rates?!

@Envynasłać_kogoś Ай бұрын

Bei anglo phonen Gästen bin ich leider etwas raus😅 Ist schwierig für mich am Ball zu bleiben und nicht abzuschweifen, da ich es nur anhöre🫢 Mein Gehirn ist eben auch faul🌝 Dafür hab ich mir bei Ohmri Böhm sein Buch auf deutsch gekauft und lese zurzeit mein zweites Englisches Werk🤓

@jonnymahony9402 Ай бұрын

👍👍😁Sehr gut, leider machen die keine englischen Untertitel. Was gut hilft, ist viele englische Videos schauen, irgendwann wirds besser und besser

@hansj.8091 Ай бұрын

@@jonnymahony9402wenn das Video hochgeladen ist, sind wenige Stunden später deutsche Untertitel über die KZbin Einstellungen automatisch verfügbar

@i-am-the-slime Ай бұрын

Das klingt doch gut. Ich kann mir Sachen auf English anhören aber ein Buch lesen fällt mir immer schwerer

@peterhans8905 9 күн бұрын

Danke für den Upload aber bitte nicht immer so oft unterbrechen :(

@jonaszinnotec4581 Ай бұрын

@hans j. Danke für das platzieren meiner Frage. Ich musste zu meinem Kleinen. Konnte es jetzt aber anhören 🙃🙂

@manueljohn456 Ай бұрын

Großartiger Typ, gut dass ihr ihn entdeckt habt!!

@bellsforex 8 күн бұрын

The dumnbest podcast i've heard in years. I'm an economist and a trader and that guy you had in the show is an absolute fraud.

@subutaynoyan5372 8 күн бұрын

Thanks for revealing all that.

@SpacemanSpliff101 Ай бұрын

Super interessant!!! Toller Gast ! Da sitzt mein Bruder und ich selbst in einer Person. Doppelt spannend ihm zuzuhören! Vielen Dank an Jung&Naiv für Eure Arbeit!

@marv1nperator Ай бұрын

mister "allgemeine ausflüchte" in person. schwer dem zuzuhören, bis er etwas sinnvolles sagt.

@jaki1273 Ай бұрын

Inhaltlich geh ich mit vielen seiner Punkte ja mit... aber BOY!, was ´ne Selbstinszenierung bei so viel fehlender echter Selbstreflexion 😴

@hansj.8091 Ай бұрын

Was ist das Kriterium für und woran erkennst du „echte selbstreflexion“ ?

@bobderbaumeister3031 Ай бұрын

Nice Interview 👍 That clarity in terms of taxes 👌

@oddknack Ай бұрын

thanks

@slamslidestyle Ай бұрын

I wonder if he was Citi Banks best trader in 2011?

@stephanschleim Ай бұрын

When you're calling it an "addiction", you're also invoking the Medical Model. I wouldn't do that here (wrote an open access book about it). I'd rather call it a "compulsion". But great how you pointed out the corrupting powers of "the system" in such a vivid way.

@TeamPlanlos 15 күн бұрын

36:44 this is just exhausting.

@kujobeatdown Ай бұрын

I'd like Gary write a musical with Ren Gill

@Chris-py1ig Ай бұрын

Bin noch in der ersten Stunde. Wird irgendwann eigentlich mal erklärt, wer der Gegenpart bei den Trades ist/war? Er hat auf stagnierende oder fallende Zinsen gesetzt. Dieser Trade braucht einen Gegenpart, der auf steigende Zinsen setzt. Sind das in der Regel nicht auch wiederum Superreiche, die sich gegenseitig abzocken? Über das normale Wirtschaftswachstum hinaus ist aktives Trading ein Zero-Sum Game und da die Mittelschicht sowieso nix zu investieren hat, wie werden so Assets an die Reichen transferiert? Dass es passiert, scheint so zu sein. Ich denke, der Mechanismus ist ein anderer.

@AlexanderSchumann-bn1hk Ай бұрын

Jepp, wird anhand eines Beispiels erklärt. Angenommen, du weisst, dass du nächstes Jahr für eine bestimme Zeit eine bestimme Menge an Geld braucht. Gary ist der Meinung, dass nächstes Jahr die Zinsen weiterhin so niegrig sind wie aktuell (zum damaligen Zeitpunkt), die Vorhersagen der "Experten" sagen, es geht bergauf. Gary verspricht dir Geld für 1,4% in einem Jahr, was wenig wäre wäre, wenn es wirklich aufwärts gehen würde. Ein Jahr später, wenn du das Geld brauchst, leiht sich Garry das Geld am Finanzmarkt zum regulären Kurs, der, Überraschung, mal wieder nicht gestiegen ist und bei ca. 0% liegt. Garry bzw. City macht 1,4%.

@Chris-py1ig Ай бұрын

@@AlexanderSchumann-bn1hk Danke, dann hör ich mal weiter rein ;)

@bigman8198 Ай бұрын

Gary says, economists are not incentivised to do predictions in the public sector... This is wrong, predictions are one of the most important things. Almost all the ecb does is predicting. He said they were wrong after 2008 saying interst rates will go up. But what the ecb most likely tried to do there is trying to make people spend money by saying interest rates will go up soon. It is so called forward guidance, trying to steer money markets by making statements about the future

@bvbftw Ай бұрын

Gary says they are not held accountable. And he is 100% right

@neuemilch8318 Ай бұрын

At the time, the ECB also bought up bad assets on masse and prioritized the creation of bad banks, thereby protecting institutional investors from the consequences of their own actions. While small investors and the government had to foot the bill. In doing so, they further underpinned a culture of absolute irresponsibility that had already taken hold since the financial market reforms of the 1990s. All of this has further disrupted our economy and ruined several countries and nobody has gone to prison. So I can only call your statements bullshit.

@mugnuz Ай бұрын

accountable is the word gary should have used indeed

@arsenystarostin662 Ай бұрын

So you are saying they weren't wrong, because they intentionally lied to the public?

@bigman8198 Ай бұрын

@@bvbftw You can direct this argument at the public sector as a whole then. Although appearently not beig held accountable for their work they are fairly successful in what their purpouse is: trying to maintain stable prices.

@sero662 12 күн бұрын

2:33:20 Mafia.

@DakotaFord592 Ай бұрын

Omg!!!!! This man is beyond stunning!!!! I want to put my face next to the arch of his foot!!!!!!!

@kashmerekane5773 2 күн бұрын

i like this Man a Social Mormon Banker

@horst4439 Ай бұрын

Slightliy different than RP, but quite genuine.

@user-pb5jt6xk2m 4 күн бұрын

40 mins in. I have to say the host has me taken aback. You have very little understanding of economics but even the basics which you don't need to study the economics for goes completely over your head. I would urge the interviewer to do some research on his guest and plan the questions in advance, CHATGPT may come in handy. You don't need extensive knowledge to be asking these questions but basic logical reasoning would be nice. It was very nice to see Gary being patient. But overall Gary did a good job of explaining his ideas. Also the jokes don't land. I hope this is not taken in the wrong way, but i mean this in a constructive way. Many things the host said made little to no sense it became frustrating to watch.

@BankOfWrexham 16 күн бұрын

Shout out Wrexham 😎😎👍

@Sven-mi8pq 4 күн бұрын

Zusammenfassung: Ökonomen sind keine Philosophen mehr, sondern Zahlenjongleure.

@cydrezz Ай бұрын

12:10 you made half a million the year before and you are still serving the sandwiches? something does not smell right. 18:30 maybe the professore knew the rates would stay 0 and his critism is that the almighty traders did not know they would stay 0 is laughable and the traders actually are the low IQ ppl. and maybe the academics are the ppl politics should listen to and not the greedy traders. but no lets abolish economic academia. pretty sad i have to say. - kind of a red flag when someone repeats that he is a millionaire over and over and that he gets paid for being right (i am always right) 34:25 "we are the many you are the view" Tilo we all know what you really wanna say dont dog whistle it say it with your chest then. 45:10 tax the rich now he has me that is the way.

@Vickie... Ай бұрын

Exactly! I cannot understand why everyone thinks he is amazing, he is so far up his own @ss it is a joke. I find him very negative, if it was that easy then we could all do what he is doing and bet zero every year, not happening. He is not giving his secrets away for free just taking the 🐑 for a ride while he picks their pockets!

@subutaynoyan5372 18 күн бұрын

Well, interns usually do dumb things in the job and he was the most junior member of the circle, obviously. I don't think you comprehended what he was complaining about professors and them missing the mark consecutively for about 13 years. The guy also says that he was wrong about a bet and lost 8 million a week. Gary's obviously a bit compulsive and repeats some phrases to just keep himself on point to not lose his composure

@pprice8635 12 күн бұрын

I think this is an example of lost in translation. The examples you bring up miss localised context in his use of language. Completely understandable. Being fluent in English and Dutch, It was common for me as a child to similarly misunderstand meanings due to missed subcontext. 1. His career at citibank is common knowledge and it is common for interns to do menial labour at first. He was an intern for the first 3 months. He was then assigned a bad desk at first, in which he could make no money. His first big bet as 2/3 years in. He tricked his way onto a more profitable desk when a new boss came in. 2. There are also youtube video's of the relevant professors and citibank accounting (publicly available) showing their top traders were obsessed with the idea of "pent up demand" and were betting (WRONGLY) that the interest rates would recover next year, for 13 years in a row. 3. I don't understand what you think he means with the "we are the many" quote..... Perhaps lost in translation again. He is talking about the working class, not race. (I think you think he is being racist?). Side note: He grew up surrounded by pakistani and indian immigratns primarily and he is openly tremendously supportive of these communities. His best friends from his working class home are all from those communities and still are. He has credited Indian and Pakistani family structures as the main influence on him being motivated to make something of himself. 4. He has me there as well. Progressive tax bands should go up to 70% for the mega-wealthy. When they purchase housing, they should be forced to live in them. Preventing extortionate renting culture. > However, with gllobalisation capital can be moved ANYWHERE they want, whenever they want. >> Example: in my country, American corporations have HQed here BECAUSE we're basically a tax loophole country. Without them? We revert back to 3d world economy like we were in the 1960s. So taxing the companies, while morally right, is practically undoable. If you try to tax them? They just leave.

@voidwraithprime8521 8 күн бұрын

The zone is flooded with shit, but there ARE correct voices in the zone, and they need to be uplifted. Gary's one of those voices. A.R. Moxon is another. Sarah Kendzior. Some More News. Denny Carter (a Fantasy Football analyst who moonlights as a 100% correct political commentator). Stop believing the liars and believe those with the track record of telling truths.

@annor5725 Ай бұрын

Wenn Gary tatsächlich so gut darin ist, wirtschaftliche Entwicklungen vorauszusagen, dann sollte es ihm doch möglich sein, diese Fähigkeiten für die Allgemeinheit einzusetzen, bspw. indem er als Finanzmakler das Geld von sozialen Institutionen mehrt.

@Climate.Realist Ай бұрын

Ich glaube nicht, dass du Ihm die Fähigkeiten wirklich absprechen willst. Aber das Problem dabei ist folgendes: Je länger dieses System am laufen ist, desto mehr geht für den Mittelstand verloren - bzw. für jeden, der kein massives Portfolio hat. Folgende Auswirkungen sind bereits erkennbar: Investiitonsgüter wie Aktien, Häuser, Rohstoffe usw. steigen massiv an Wert weil die Reichsten 10000 keine Ahnung haben, wo sie mit dem Geld hin sollen. Also einfach in breit gestreute Aktien, Staatsanleihen usw. Milliarden kann man nicht verkonsumieren. Heißt auch: Die einzige Gesellschftsklasse, die liquides Kapital hat, sind wirklich wohlhabende Menschen. Jemand mit Medianeinkommen oder Durchschnittseinkommen in Deutschland kommt grade so über die Runden. Da wird relativ wenig "neues" gekauft, es wird der Bestand gehalten. Heißt: Keine interessante Käuferschaft für Unternehmen. Also fokussieren sich die Unternehmen immer stärker auf wirklich reiche Leute (LVMH, ...) oder auf lebensnotwendige Güter zu den geringste-möglichen Preisen (Und natürlich Drogen/Abhängigkeiten, egal ob Tabak, Alkohol, Zucker, Social Media ...) Davon kann man natürlich partizipieren. Aber sollte man nicht stärker versuchen diesen Shift zu verhindern?

@krasky Ай бұрын

Das wird in der Setzung auch besprochen.

@fintamaria2429 8 күн бұрын

👏👏👏

@pjw7269 22 күн бұрын

Quit talking over your best guest.

@timstruppi5395 Ай бұрын

Könnte man Clips aktivieren ….

@SoSyNiKaL 9 күн бұрын

Interesting in parts but he does say the same thing about 100 times, which gets a bit boring...

@res4522 Ай бұрын

Puh, also die Werbeunterbrechungen gibt es wirklich in einer sehr häufigen Frequenz. Macht es anstrengend das Gespräch mitzuverfolgen.

@tilojung Ай бұрын

sorry keine Absicht. ist bei KZbin Live standard einstellung, die wir im anschluss erst immer deaktivieren müssen. danke für den hinweis!

@res4522 Ай бұрын

@tilojung ah, super! Freut mich, gerne

@starcrawler77 Ай бұрын

gary is such a smart guy with such a clear message. he got it figured out.

@Qatgcyui Ай бұрын

Why was this interviewer being rude to Gary? Making weird comments while Gary is talking. Must be a German thing. I feel the interviewer thinks very highly of himself for false reason.

@krasky Ай бұрын

It's an interview. They want to provoke with their questions and not just provide a stage for self-expression. But that should be clear to everyone who takes part in this format. That's what they do with every participant. That's actually the kind of journalism I would expect from other media.

@2facestyle Ай бұрын

its part of the format, its called "young an naive" so some questions may seem provocative or naive!

@Qatgcyui Ай бұрын

@@kraskythis makes sense will people who are clearly wrong or evil. Gary is spreading a important and good message. Most people watching this are watching for Gary. Not this random interview no one outside of Germany has heard of.

@Qatgcyui Ай бұрын

@@2facestyleah I see

@hanging.gardener.of.babylon 10 күн бұрын

@@Qatgcyuiquite the opposite! It ist a German Channel and the targeted viewers are German of course. The only reason some Interviews are in English here ist because some international guests Happen Not to be fluent in German. People watch this because they Love the Channel, actually many Said in the comments Things Like "thanks for making him known" so they definitely didnt come for him in the First place. Also Tilo is Not Rüde at all, actually the chemistry seemed to be great between the two.

@bombelz 16 сағат бұрын

Was ein Unsympath, erkennt zwar an, dass es Zockerei ist, verkauft sein offensichtliches Glück aber als Kompetenz.

@idokwatcher2062 22 күн бұрын

Bro how are you conducting this interview, you go on a tangent about government investment bank of 10 minutes and end up with: "it was a joke".

@bobjones3573 13 күн бұрын

This dudes confused, he makes hundreds of thousand of pounds every year predicting that the British economy is failing, isn't that by literal definition what an economist is and does. " An economist is an expert who studies the relationship between a society's resources and its production or output. Economists study societies ranging from small, local communities to entire nations, and even the global economy. " That's exactly how you make your money, so what you ranting on about. If you want to change the playing field, use your own money, You come up with the magical way of curing mental health, solving poverty, solving homelessness, eradicating inequality. You put your money where your mouth is. If you're such a super-duper trader, do that and just give it all away. LOL, you're trying to convince others to do it probably because you know it will fail. Try it with your money, equality is a myth, an impossible dream of the poor, you can never fix people, you can never get every single person on the same page, there will always be parasites exploiting the system and ruining it for everybody else.

@UTubeISphere 10 күн бұрын

He's been doing that at least since 2020: podcasts, articles, trying to get a bigger audience, writing his book, trying to make it into a movie. He says the same thing in most other podcasts I've seen him in. It's also a key theme in the Jung & Naiv interview.