Trading by itself doesn’t create value or produce anything; it's a zero-sum game where one person's gain is another's loss. If everyone focused on trading, the net benefit would be zero. In contrast, industries like manufacturing, farming, and services actually produce goods and services that benefit society. If everyone invested in productive work, we'd all have more resources and be better off. So, it's important to focus on creating value that helps society grow!
This rhetoric is literally annoying like holy how flat can your brain be? Consider this from the other perspective, imagine you're starting a business and need a loan to start but someone like you then comes around and says "nah mate don't give him that loan cause it's a 0 sum game man"
But Gary explains that as the economy is declining/collapsing there are very rich people benefitting massively and actively betting on it collapsing, a lot of those people are politicians some are prime ministers the ones that can fix it are the ones it benefits the most to keep it broken and they won't even talk about it!! £800 billion in COVID spent and ended up in millionaires pockets with very little on no tax and we're all still paying it back. Non UK residents should be taxef for the money they earn in the UK from UK assets no exceptions, plus charitys and religious groups.
Surely you just buy more investments when the economy collapses. Yes the working class lose out but at the end of the day it’s their fault for not investing their money
You are one of the greatest economic philosophers of all time. I hope your movement radicalises political and socioeconomic change in the U.K. (and worldwide)
Important to note he says ECONOMY not just the stock market. When stocks overall decline it's usually a temporary reaction to a big shock like what happened at the start of covid. The economy is everything related to money, supply, consumption and productivity. Some macro factors can lead to a long term economic collapse where everyone suffers as spending halts, businesses can't get loans because banks are scared and currency value plummets as governments scramble to try fixes which usually means they print too much. A big cause for a lot of countries will be population decline because there simply won't be enough working age people to fund the services the elderly need. At that point taxes skyrocket which just makes things worse as anyone with spare cash leaves the country for more affordable places. Then shop prices go up because there are less consumers. Then everyone cuts back spending to bare essentials. Then you've got a dead economy with no innovation or productivity. It can take multiple decades to reverse the trend. This is just 1 potential cause.
Pls take time to read it all if you want to understand me: To be very honest and direct, I find it very shocking and strange, that someone who is a rich successful trader who brought himself out of the suffering of poverty into sizeable wealth, Is now constantly complaining about the inequality and wealth divide in his country and the world. Is he not supposed to benefit off the wealth inequality ? Is he truly rich ? Or did he fall off somewhere somehow and is now using this channel to make a personal comeback and a living for himself ? Look, I agree completely, and I really do, with most things Gary says, it’s all factual and it’s true the widening wealth inequality is destroying the middle class,and Gary is certainly doing good work by advocating for a more equal system, But I find it very weird that a rich person would be doing this, since they literally benefit from the wealth inequality. Absolutely Nothing is free in this world, so no one is truly charitable. There may be smoke and mirrors, but it’s not true.
@@BurnerBenson8 I have read in full and encourage you to read my comment here in full as well. Right there with you in scepticism of Gary. The vast VAST majority of people with wealth don't actually want to help make the system fairer because they benefit heavily from all the advantages only available to those at the top. I haven't watched enough of his content to make a judgement and even then it would be a very loose one since you don't really know someone unless you've met them in person. However, there are good people at all income levels that want a fair system. I'm in my late 20s and have done very well compared to most. Didn't get any inheritance to help but my parents were sensible and let me stay at home for as long as I liked rent free so I could save and invest every penny. I did so and I've proved very good at investing so I'm now just about in the top 10% of net worth for my age bracket. I have 2 rental properties and most jump to conclusions about me being some entitled trust fund scumbag but I'm actually charging 30% below market rent intentionally so I can give some normal people a change to live near their work. I have a primary school teacher and a nurse living in them and it's saved an hour commute for each of them and gives them some spare income to save for the future and maybe invest with eventually. I will provide guidance when that happens. I plan to keep doing this in the future and maybe eventually I will lower the average rent in some of London's most overpriced areas. Plus I think the benefits of relieving some stress from key and underpaid people in society will do immeasurable good. That's my hope anyway. There's probably a larger than expected amount of somewhat well-off & rich people that do good in their communities but never get noticed because they're not famous. All we hear about are the mega rich people that almost always got to where they are from inheritance or dodgy stuff. Got to remember that the media focuses on the bad because it's more controversial.
@@BurnerBenson8it depends on what is considered rich. Gary has enough money put by/invested that he doesn't have to keep working to have a materially comfortable life. For the very wealthy who Gary is advocating should pay more tax than they do, Gary's wealth is spare change for incidental spending. For most people, being in Gary's financial position is the stuff of dreams. Only a small number can get the training and opportunities to earn that kind of money. Most train for a profesdion or a trade and find that pay rates and ordinary living costs leave little to no money for savings and investments. Particularly for Millenials like Gary who should be able to put their time and energy into raising the next generation.
I agree with everything you said except for the part where you said less consumers would lead to high prices. I think less consumers would lead to a decline in price.
factos, your stocks, your crypto, your gold, your silver, your house, all your gains arent gains, its just you treading water with the big boys who already have majority sharehold in every asset you can think of. dont buy the hype, life isnt about money, and if you cant accept that, then stand up make a change and advocate taxing the super rich
Trading gives you a set of skills that you can apply in any environment that's it. It's not that you're going to trade your way out of it. It's you built discipline, initiative, consistency, attention to detail, and mainly risk management to include other skills i didn't mention. With these skills, you can succeed if the economy collapses. People don't know you learn traits and these traits you apply across all fields. What you learn in trading can apply to all other aspects of life. Just as much as you are going for a run will teach you things you can apply to everything. People fail to realize that with action, you build traits.
The irony is that if the two guys stand side by side and make them self look bigger, the bear will usually just walk away. Such a perfect analogy to what’s going on.
And on top of it there's now all these scammers in the comments section talking about how they made shit ton of money on whatever it is they're selling. It's disgusting.
The problem is that we live in a capitaists paradice. You go online and buy a top from H&M and it is like a Turkish bizarre. They show you a nice top and what turns up is a crop top made of see-through fabric. On top of that, they want you to pay £1.99 to return goods that are missold... Who really understands consumer rights? Go to a resturant and pay the same price for a small glass of wine as you would a bottle. Staff are on minimum wage, so who is getting that money? Like paying with a credit card - 10% goes to the card machine company. If you were using cash tips, that would be an avenue for rich supplying money to the poor. Nope, now it is all electronic so the bonus is shared or taken by the owner - usually a rich person. Micro-economy is dead and so is your future. Always ask the question, if you are paying all your money to the rich for food and everything else, how are the rich transferring money to the poor to sustain economy........ Here is your problem
All the things you mentioned can be fixed if we collectively fix our habits. Reduce online shopping. Prefer mom and pop restaurants over chains. Use cash. But no, "it's inconvenient", "it takes too long", and a hundred other excuses.... You know what's "inconvenient"? Economic collapse. You know what takes too long? Recovery. Every day you live, you vote with your wallet. And most of us knowingly vote for the devil.
When you buy wine in a restaurant, you're not really buying wine, but a service. What matters isn't really how much you drink, but the fact that you are "renting" space at a table and taking the time of x number of staff, whilst consuming energy (lighting, heating) and having access to the loo. The restaurant owner is not pocketing your money to spend on luxuries. To start with, food cost is between 20 and 30% of the sale price and then take away the next 20% for VAT. With the roughly 50% remaining, he has to pay his biggest expenses which are rental and staff, then council tax, utilities, insurance. Whatever is left has to pay for equipment, its maintenance and replacement. Also, when you sit for an hour or two with your one glass of wine, the table is not being used by the next customer who could have been ordering 3 bottles. The ones making big money are the state and local government, the landlord and the staff. (The landlord could be having a mortgage on the place)
Nothing confuses me more than whe you see doomsday people who horde gold, acting like its going to be important when banks collapse.nah bruh, the guy with the shed full of seeds and fertilisers is going to be king
I don’t know… humans have always been infatuated with gold and used it as currency. If they can survive past the first year then perhaps the gold they have would be worth a lot
@@kevinbrook7033 iron age and bronze age, early homo sapiens, native America. Gold is more a tradition because of rarity and aesthetics, but it has no purpose on a post civilisation world
@@sonarbuge7958not always. No one really cared about gold until after things got pretty civilized and humans started needing currency. And even after that, not until gold was discovered.
@@Dominic-hk7bhyes 100%, and not really. Money has come from somewhere - and if it’s coming from get rich or die trying retailer traders; it’s leaving the real economy and going into incredibly overvalued stocks. If they get shorted by institutions - it’s money that is going to the top 1% and is simply a transfer of wealth. Problem is, there is no amount of opulence a single human can really have that is gonna spend all that wealth in a way that flows back into the real economy - their for that money simply gets put back into assets that do nothing tangible to the economy. So in a way it really is going to money heaven because it’s no longer useful on earth
I recently read Piketty’s “capital and ideology”. Basically says the same thing as Gary, but with a lot of well researched historical examples of the mechanisms at play.
The rich. They are unimaginably wealthy. A lifetime of an average person's wages is like a couple bucks to them. They can buy everything you own and will ever own with what they make in 15 min. That money isn't free. It's stolen from worker's wages and from government spending.
It really hit me when someone said, they wonder how many really smart and skilled people have gone to finance. People that don't really add anything with what they do. They make a lot of money though. And that is what motivates them apparantly.
@@buggus0034 That's understandable and I sure will not blame you for that decision. But think about what that means in the long run, if a lot of very intelligent and capable people chose that ... I mean we can run a societiy without people working in finance. But a society without good nurses? Engineers? Technicians? Craftsmen? That would be a problem.
Somewhat I agree with you, but 1-it worth trying it and 2-trading and investing are almost the only chances left for the average person to have a better life.
@@vonder7like in Gary's life story there're guys who would give the money to trade for a very talented individual. If you're very good at math or chess, if you have outstanding logic money to trade will find you. Sadly it's not for everybody. And it's not a pill everybody could use. I'm talking about futures trading solely.
@@vonder7 if you haven’t looked into it yet, I recommend learning about passive index fund investing, using a Dollar Cost Averaging strategy. Compound interest and enough discipline to stick to it long term will do major things for your financial situation. Of course if you’re living paycheque to paycheque with no wiggle room, your priorities should be fixing that. But if you have any wiggle room, learn that strategy while simultaneously working towards increasing your income by investing in yourself and learning a skill you can make money with. Here’s some ideas: sales, coding, marketing, social media management, etc Good luck!
1. Most people suck at it and lose big. It’s objectively bad if laymen do it because it is a form of gambling. 2. It’s not the only way, the real way is just harder and involves working together (oooh so scary)
It doesn’t. He is full of it. He is swaggering in his videos about how successful he was as a trader, but has never shown any actual numbers. Even his advice about it red flags as a charlatan. Look. Many companies collapsed through the Great Depression, while some sailed through it just fine. Even in another Great Depression of all depressions, people are still going to be buying food, soap, laundry detergent, toothpaste, etc. Basic consumable sort of things aren’t as affected by even the worst of economic cycles, as other things. Of course you can trade successfully through an economic collapse, but important to understand such differences among investments.
Appreciate your take. Finance myself. But, to our sorrow, no matter how many times we'd say it - nobody will listen. It's in our nature to think we're smarter than others and attributing luck to brains. Edit: seeing the comments here, only sorrow. People instead of trying to understand the complicated financial system jump to the easiest conclusions to falsify and oppose. Grow up and start educating instead of opposing.
Gary, you have become a motivational speaker. People follow you clearly because you claimed you made so much money from Citibank. Always remember this.
Even though the basic premise of Gary's argument isn't wrong (if economy collapses there's no escaping of the consequences), the thing is that collapse is not in sight, it doesn't feel imminent or significant enough to be a total collapse and more importantly we are constantly reminded in various ways that the actual rich, like Gary himself, will somehow manage way better than the rest of us, like the rich like always do regardless of the severity of thr situation. That is why Gary is being asked how can we make money, how can we use the system that uses us so we can for once be the little guy who actually benefits instead of getting f*ck*d. So instead of making content, which no matter how interesting or enlightening is, remains rather insignificant for the lives of the ordinary people, Gary could create content for free to educate us, teach us and show us the ways we could make significant, life changing money using the system he's been part of for years, just like people did benefit in the story portrayed in the movie Dumb Money.
Speculating on existing assets doesn't necessarily make more of them, who would've guessed? If there was more effort spent on making the pie bigger than making sure a handful of people get the biggest slice we wouldn't have this problem.
@@adam_p99 if you are remortgaging then you don't have a choice but to remortgage But if you are not in debt, stay away from it. It's better to live with family and save
either you are a farmer, you are a defender of a farm / water source, or you ain't getting nothing no matter how many shares of SPY you have... but... if you trade and exit just right... this time it's different, right?
Gary for PM. Nah, no fucking about. Our representatives should be able to think & articulate themselves as Mr Stevenson, here, does. Gary, any chance in this, or any other realm of reality? ❤
Its not that hard to afford a cheap flat unless you are single and in london. If you have a couple on a combined income of 50k + they should be able to afford a house in the north west
So why is it in say Turkey or Argentina, when their economy collapsed, those that bought Bitcoin with a majority of their assets, remained in MUCH MUCH better financial health than those that didnt? Look at the Argentinian Peso or Turkish Lira charts.
@simonhenry7867 I thought this guy was a general stocks and shares trader? (It would be surprising if he didn't know of safe investments though. So I don't see what he is moaning about!)
I get what Gary is saying but at the end of the day, I did not make the rules . u can bet ur top dollar that I will play this trading game as well. In my home country 80 percent are below the poverty line, if trading opens a a door out of poverty , I am rushing through that door and I will win for my families sake
Doctor Who had this very joke come up in its very last serial in the classic series. The Doctor overhears it being told, but then asks what should the man do if another bear comes along.
I think you can trade your way out of it. That dude traded on the strength of economies. The moral of the parable is to question why you would want to-it’s not pro social and ultimately detrimental.
Actually, you will trade your way through it. The currency will be bowls of soup and sexual favors but you can absolutely trade your way through an economic disaster.
If the economy collapses, you ain't gonna trade your way out of it. If the economy collapses, you ain't gonna trade your way out of it. If the economy collapses, you ain't gonna trade your way out of it.
The bear analogy reminds me of covid days.. survival of the fittest and with the fattest wallet.. if you can't afford shit, the next person will take it all and not have a care in the world what you're going thru.
Thats the problem. We have this immediate mentality to be selfish and we dont care what happens to our brother right next to us. I wouldnt try to out run my brother. I wouldnt want to make it if he couldnt. Id try and defeat the bear with him
Mate, cut out that last few second off your short so it will seamlessly flow into the repeat. Right now it is repeating the "If the economy collapses...", at the end, when the short loops back around to the start again.
Too much emphasis is put on the stock market. I often wonder how many recession and economic crashes could have been avoided if companies simply stayed the course instead of laying of a whole bunch of people.
someone is hiding and blocking comments. don't know if it's channel owner or someone else. just understand that what you see in the comments for this channel is being filtered.
Lad is the least insightful guy on TH-cam. Wtf was the bear analogy. Fyi there’s plenty of people who have traded their way through and out of history’s many economic crises.
Trading by itself doesn’t create value or produce anything; it's a zero-sum game where one person's gain is another's loss. If everyone focused on trading, the net benefit would be zero. In contrast, industries like manufacturing, farming, and services actually produce goods and services that benefit society. If everyone invested in productive work, we'd all have more resources and be better off. So, it's important to focus on creating value that helps society grow!
False, trading increases market efficiency and allocates money to businesses that will create more than if you hadn't invested.
This rhetoric is literally annoying like holy how flat can your brain be? Consider this from the other perspective, imagine you're starting a business and need a loan to start but someone like you then comes around and says "nah mate don't give him that loan cause it's a 0 sum game man"
@@Jonathan-ol9si You both are mistaking trading with investing.
@@Jonathan-ol9siDepends on sector. Crypto is mostly a casino.
Or create value through entrepreneurship.
That’s right. When economic activity declines nearly everyone loses.
But Gary explains that as the economy is declining/collapsing there are very rich people benefitting massively and actively betting on it collapsing, a lot of those people are politicians some are prime ministers the ones that can fix it are the ones it benefits the most to keep it broken and they won't even talk about it!!
£800 billion in COVID spent and ended up in millionaires pockets with very little on no tax and we're all still paying it back.
Non UK residents should be taxef for the money they earn in the UK from UK assets no exceptions, plus charitys and religious groups.
Except those who are holding cash.
In a Great Depression Buffett is not going to stave
Surely you just buy more investments when the economy collapses. Yes the working class lose out but at the end of the day it’s their fault for not investing their money
That would be great. Society never gave a shit about me.
I love watching Gary, he does not sell you anything
You are one of the greatest economic philosophers of all time. I hope your movement radicalises political and socioeconomic change in the U.K. (and worldwide)
Important to note he says ECONOMY not just the stock market. When stocks overall decline it's usually a temporary reaction to a big shock like what happened at the start of covid. The economy is everything related to money, supply, consumption and productivity. Some macro factors can lead to a long term economic collapse where everyone suffers as spending halts, businesses can't get loans because banks are scared and currency value plummets as governments scramble to try fixes which usually means they print too much. A big cause for a lot of countries will be population decline because there simply won't be enough working age people to fund the services the elderly need. At that point taxes skyrocket which just makes things worse as anyone with spare cash leaves the country for more affordable places. Then shop prices go up because there are less consumers. Then everyone cuts back spending to bare essentials. Then you've got a dead economy with no innovation or productivity. It can take multiple decades to reverse the trend. This is just 1 potential cause.
Pls take time to read it all if you want to understand me:
To be very honest and direct,
I find it very shocking and strange,
that someone who is a rich successful trader who brought himself out of the suffering of poverty into sizeable wealth,
Is now constantly complaining about the inequality and wealth divide in his country and the world.
Is he not supposed to benefit off the wealth inequality ?
Is he truly rich ?
Or did he fall off somewhere somehow and is now using this channel to make a personal comeback and a living for himself ?
Look, I agree completely, and I really do, with most things Gary says, it’s all factual and it’s true the widening wealth inequality is destroying the middle class,and Gary is certainly doing good work by advocating for a more equal system,
But I find it very weird that a rich person would be doing this, since they literally benefit from the wealth inequality.
Absolutely Nothing is free in this world,
so no one is truly charitable.
There may be smoke and mirrors, but it’s not true.
@@BurnerBenson8 I have read in full and encourage you to read my comment here in full as well.
Right there with you in scepticism of Gary. The vast VAST majority of people with wealth don't actually want to help make the system fairer because they benefit heavily from all the advantages only available to those at the top. I haven't watched enough of his content to make a judgement and even then it would be a very loose one since you don't really know someone unless you've met them in person.
However, there are good people at all income levels that want a fair system. I'm in my late 20s and have done very well compared to most. Didn't get any inheritance to help but my parents were sensible and let me stay at home for as long as I liked rent free so I could save and invest every penny. I did so and I've proved very good at investing so I'm now just about in the top 10% of net worth for my age bracket. I have 2 rental properties and most jump to conclusions about me being some entitled trust fund scumbag but I'm actually charging 30% below market rent intentionally so I can give some normal people a change to live near their work. I have a primary school teacher and a nurse living in them and it's saved an hour commute for each of them and gives them some spare income to save for the future and maybe invest with eventually. I will provide guidance when that happens. I plan to keep doing this in the future and maybe eventually I will lower the average rent in some of London's most overpriced areas. Plus I think the benefits of relieving some stress from key and underpaid people in society will do immeasurable good. That's my hope anyway.
There's probably a larger than expected amount of somewhat well-off & rich people that do good in their communities but never get noticed because they're not famous. All we hear about are the mega rich people that almost always got to where they are from inheritance or dodgy stuff. Got to remember that the media focuses on the bad because it's more controversial.
@@BurnerBenson8it depends on what is considered rich. Gary has enough money put by/invested that he doesn't have to keep working to have a materially comfortable life. For the very wealthy who Gary is advocating should pay more tax than they do, Gary's wealth is spare change for incidental spending. For most people, being in Gary's financial position is the stuff of dreams. Only a small number can get the training and opportunities to earn that kind of money. Most train for a profesdion or a trade and find that pay rates and ordinary living costs leave little to no money for savings and investments. Particularly for Millenials like Gary who should be able to put their time and energy into raising the next generation.
well stated
I agree with everything you said except for the part where you said less consumers would lead to high prices. I think less consumers would lead to a decline in price.
You're a legend Gary keep it up
factos, your stocks, your crypto, your gold, your silver, your house, all your gains arent gains, its just you treading water with the big boys who already have majority sharehold in every asset you can think of. dont buy the hype, life isnt about money, and if you cant accept that, then stand up make a change and advocate taxing the super rich
Facts
That’s the spirit mate. Just give up and continue your 9 to 5
Taxing the rich won't solve your problems. The government is incompetent and will waste it enriching political donors and friends
Tax and regulation and balance, equality, level the playing field
@@stevehughes3984 good luck
Gary, it’s halo. There are plenty of us, who don’t ask questions, but understand and agree.
Trading gives you a set of skills that you can apply in any environment that's it. It's not that you're going to trade your way out of it. It's you built discipline, initiative, consistency, attention to detail, and mainly risk management to include other skills i didn't mention. With these skills, you can succeed if the economy collapses. People don't know you learn traits and these traits you apply across all fields. What you learn in trading can apply to all other aspects of life. Just as much as you are going for a run will teach you things you can apply to everything. People fail to realize that with action, you build traits.
@@Heroisharo eloquently put.
“There’s 20 f@cking bears” lmao 🤣
That Bear tale is a great analogy ! :)
It's from a comedy movie called Without a Paddle 😂
The irony is that if the two guys stand side by side and make them self look bigger, the bear will usually just walk away.
Such a perfect analogy to what’s going on.
Yep everyone thinks they can out swim the flood.
And on top of it there's now all these scammers in the comments section talking about how they made shit ton of money on whatever it is they're selling. It's disgusting.
The problem is that we live in a capitaists paradice. You go online and buy a top from H&M and it is like a Turkish bizarre. They show you a nice top and what turns up is a crop top made of see-through fabric. On top of that, they want you to pay £1.99 to return goods that are missold... Who really understands consumer rights? Go to a resturant and pay the same price for a small glass of wine as you would a bottle. Staff are on minimum wage, so who is getting that money? Like paying with a credit card - 10% goes to the card machine company. If you were using cash tips, that would be an avenue for rich supplying money to the poor. Nope, now it is all electronic so the bonus is shared or taken by the owner - usually a rich person. Micro-economy is dead and so is your future. Always ask the question, if you are paying all your money to the rich for food and everything else, how are the rich transferring money to the poor to sustain economy........ Here is your problem
All the things you mentioned can be fixed if we collectively fix our habits.
Reduce online shopping.
Prefer mom and pop restaurants over chains.
Use cash.
But no, "it's inconvenient", "it takes too long", and a hundred other excuses....
You know what's "inconvenient"? Economic collapse.
You know what takes too long? Recovery.
Every day you live, you vote with your wallet. And most of us knowingly vote for the devil.
Turkish Bizarre 😂 Made my day
10% does not go to the card company. Don’t state things with such confidence that you don’t fully understand!
@@waynew5089 *3%
When you buy wine in a restaurant, you're not really buying wine, but a service. What matters isn't really how much you drink, but the fact that you are "renting" space at a table and taking the time of x number of staff, whilst consuming energy (lighting, heating) and having access to the loo.
The restaurant owner is not pocketing your money to spend on luxuries.
To start with, food cost is between 20 and 30% of the sale price and then take away the next 20% for VAT.
With the roughly 50% remaining, he has to pay his biggest expenses which are rental and staff, then council tax, utilities, insurance.
Whatever is left has to pay for equipment, its maintenance and replacement.
Also, when you sit for an hour or two with your one glass of wine, the table is not being used by the next customer who could have been ordering 3 bottles.
The ones making big money are the state and local government, the landlord and the staff.
(The landlord could be having a mortgage on the place)
Nothing confuses me more than whe you see doomsday people who horde gold, acting like its going to be important when banks collapse.nah bruh, the guy with the shed full of seeds and fertilisers is going to be king
I don’t know… humans have always been infatuated with gold and used it as currency. If they can survive past the first year then perhaps the gold they have would be worth a lot
@@sonarbuge7958 you're right, you don't know
I mean, when in human history has gold not mattered?
@@kevinbrook7033 iron age and bronze age, early homo sapiens, native America. Gold is more a tradition because of rarity and aesthetics, but it has no purpose on a post civilisation world
@@sonarbuge7958not always. No one really cared about gold until after things got pretty civilized and humans started needing currency. And even after that, not until gold was discovered.
Michael Burry - hold my beer
Exactly. You can short anything you want. Money doesn’t fly away to money Heaven it just changes pockets
@@Dominic-hk7bhyes 100%, and not really.
Money has come from somewhere - and if it’s coming from get rich or die trying retailer traders; it’s leaving the real economy and going into incredibly overvalued stocks. If they get shorted by institutions - it’s money that is going to the top 1% and is simply a transfer of wealth.
Problem is, there is no amount of opulence a single human can really have that is gonna spend all that wealth in a way that flows back into the real economy - their for that money simply gets put back into assets that do nothing tangible to the economy. So in a way it really is going to money heaven because it’s no longer useful on earth
Goosebumps! Just switched my mindset. Thanks Gary !
I recently read Piketty’s “capital and ideology”. Basically says the same thing as Gary, but with a lot of well researched historical examples of the mechanisms at play.
Gary, the Thoreau of economics.
👏🏻👏🏻👏🏻 keep posting this video because some people still don’t get this concept.
Ft just published an article on your claims about being the best. It's reasonably scathing and thorough.
He shouldn't have said this...
Being the best what?
FT loFl
I've always wondered, we work and produce more than ever, but we have less goods and services than before, where's the stuff we're producing going to?
Its called the 1%, who are richer than in medieval times.
The rich. They are unimaginably wealthy. A lifetime of an average person's wages is like a couple bucks to them. They can buy everything you own and will ever own with what they make in 15 min.
That money isn't free. It's stolen from worker's wages and from government spending.
@@Hello5433-d5e we DO have more goods and services. Way more goods and types of goods than we need.
@@Gumardee_coins_and_banknotes Richer than during the french revolution where the slogan "eat the rich" comes from too
@@duckqueak proportionally richer?
100% World needs more people like you.
Too many people trying to hoard life buoys on the titanic.
Exactly - a political channel and not a finance channel. Got it
People betting on crashes get smashed most years.
People betting on stock market uptrend get smashed once every few (5-10) years.
Just watched your video discussing AWS97H and I am very excited about this
This gave me chills. But it's so true!
I REALLY like that You Say trading is GAMBLING. SO MANY people look for a easy gain & don't appreciate THAT VALUE is based on Equity & hard GOODS --
It really hit me when someone said, they wonder how many really smart and skilled people have gone to finance. People that don't really add anything with what they do. They make a lot of money though. And that is what motivates them apparantly.
It’s why I’m starting my degree in Finance. I make 160-200k a year as a nurse, but it’s not enough money to do the things I actually want to do.
@@buggus0034 That's understandable and I sure will not blame you for that decision.
But think about what that means in the long run, if a lot of very intelligent and capable people chose that ... I mean we can run a societiy without people working in finance. But a society without good nurses? Engineers? Technicians? Craftsmen? That would be a problem.
Mate tell me house to make money and keep the money safe. Lol.. like your channel much though, all info with no BS. 👍👍
Somewhat I agree with you, but
1-it worth trying it and
2-trading and investing are almost the only chances left for the average person to have a better life.
How so? To trade and invest you need tons of money to have a meaningful return.
@@vonder7like in Gary's life story there're guys who would give the money to trade for a very talented individual. If you're very good at math or chess, if you have outstanding logic money to trade will find you. Sadly it's not for everybody. And it's not a pill everybody could use. I'm talking about futures trading solely.
@@vonder7 if you haven’t looked into it yet, I recommend learning about passive index fund investing, using a Dollar Cost Averaging strategy. Compound interest and enough discipline to stick to it long term will do major things for your financial situation.
Of course if you’re living paycheque to paycheque with no wiggle room, your priorities should be fixing that. But if you have any wiggle room, learn that strategy while simultaneously working towards increasing your income by investing in yourself and learning a skill you can make money with. Here’s some ideas: sales, coding, marketing, social media management, etc
Good luck!
@@vonder7not true
1. Most people suck at it and lose big. It’s objectively bad if laymen do it because it is a form of gambling.
2. It’s not the only way, the real way is just harder and involves working together (oooh so scary)
Bought AWS97H after watching your video, super excited! 💰
If the Economy collapses- there will be big moves in prices of stocks, equities, FX. So how does that stop people from profiting in trading.
It doesn’t. He is full of it. He is swaggering in his videos about how successful he was as a trader, but has never shown any actual numbers. Even his advice about it red flags as a charlatan.
Look. Many companies collapsed through the Great Depression, while some sailed through it just fine. Even in another Great Depression of all depressions, people are still going to be buying food, soap, laundry detergent, toothpaste, etc. Basic consumable sort of things aren’t as affected by even the worst of economic cycles, as other things. Of course you can trade successfully through an economic collapse, but important to understand such differences among investments.
Appreciate your take. Finance myself. But, to our sorrow, no matter how many times we'd say it - nobody will listen. It's in our nature to think we're smarter than others and attributing luck to brains.
Edit: seeing the comments here, only sorrow. People instead of trying to understand the complicated financial system jump to the easiest conclusions to falsify and oppose. Grow up and start educating instead of opposing.
Gary, you have become a motivational speaker. People follow you clearly because you claimed you made so much money from Citibank. Always remember this.
ok.. but it's looking like trad money is being replaced by crypto. what do we do if we don't have any? please address before the US inauguration 😬
"But there's like 20 bears" 🐻 lol amazing
High frequency trading is the 70% of trades average trade life 10sec not production dividends are not always good
who is this guy? i want to hear him talk more, he is wise
Even though the basic premise of Gary's argument isn't wrong (if economy collapses there's no escaping of the consequences), the thing is that collapse is not in sight, it doesn't feel imminent or significant enough to be a total collapse and more importantly we are constantly reminded in various ways that the actual rich, like Gary himself, will somehow manage way better than the rest of us, like the rich like always do regardless of the severity of thr situation. That is why Gary is being asked how can we make money, how can we use the system that uses us so we can for once be the little guy who actually benefits instead of getting f*ck*d. So instead of making content, which no matter how interesting or enlightening is, remains rather insignificant for the lives of the ordinary people, Gary could create content for free to educate us, teach us and show us the ways we could make significant, life changing money using the system he's been part of for years, just like people did benefit in the story portrayed in the movie Dumb Money.
It wouldn't take too long for the gravy train to grind to a halt if Gary were to give trading classes for free to the public.
Trading is movement up or down movement is money
Speculating on existing assets doesn't necessarily make more of them, who would've guessed? If there was more effort spent on making the pie bigger than making sure a handful of people get the biggest slice we wouldn't have this problem.
Should I get a fixed rate for 5 years or hold off?
@@adam_p99 if you are remortgaging then you don't have a choice but to remortgage
But if you are not in debt, stay away from it. It's better to live with family and save
Are you in contact with the Chancellor of the Exchequer
The Managing Director told me a similar story on my first day as an investment banker. I hated that place!
Hei Gary, I know you trade, but whats your longterm view on Big CAP tech and semiconductors?
either you are a farmer, you are a defender of a farm / water source, or you ain't getting nothing no matter how many shares of SPY you have... but... if you trade and exit just right... this time it's different, right?
Thanks for sharing TON and AWS97H. 💯
When it collapses we aren't going to trade our way out of it. But its better to be in your own owned house and not your landlord's
Gary for PM. Nah, no fucking about. Our representatives should be able to think & articulate themselves as Mr Stevenson, here, does. Gary, any chance in this, or any other realm of reality? ❤
What Im supposed to do to afford the cheapest flat, sell drugs?
Its not that hard to afford a cheap flat unless you are single and in london. If you have a couple on a combined income of 50k + they should be able to afford a house in the north west
@@SK-kh2rsyou could get a house in kent for that.
He is like that one sober person in the party who has to see everyone's terrible condition
Damo and Gary in 1 room. Oh my!
AWS97H is still extremely undervalued
That’s why when assets go down it’s called “Falling Knives” …because you shouldn’t try to catch knives ever…
So why is it in say Turkey or Argentina, when their economy collapsed, those that bought Bitcoin with a majority of their assets, remained in MUCH MUCH better financial health than those that didnt? Look at the Argentinian Peso or Turkish Lira charts.
Was that new take on the whole loop thing deliberate? If so: congrats, if not: poor craftsmanship.
What happens to other countries if the economy collapses?
Big up Spengler crew
How do I see full version
Gold?
its called "shorting"
Who ever controls the farms, the bread basket will control the people and the future.
The biggest danger is inequality because its fuelled by greed and its man made.
The economy did collapse and they did trade their way to more riches.
Service to many leads to greatness and being financially more valuable to the marketplace.
Your advice led me to AWS97H, holding for 5x gains. Exciting listings ahead!
Gary Crap, if your economy collapses the currency falls and exports rise which boosts manufacturing.
You were a successful trader? You've never mentioned that before!
Oh you were a trader, dont think youve mentioned it..
Its not if the economy collapses, its a matter of when..
Thanks for the insights! Bought AWS97H, predicting big returns! 📈
I am so bullish right now
really good project
Can anyone explain AWS?
Same here! Exciting times ahead! 🚀
AWS IS HUGEEEE!!!! 😎
Invest some of your trading gains in gold or precious metal stocks?
Invest his gains from investing in gold and metal stock in gold and metal stocks?
@simonhenry7867 I thought this guy was a general stocks and shares trader? (It would be surprising if he didn't know of safe investments though. So I don't see what he is moaning about!)
I get what Gary is saying but at the end of the day, I did not make the rules . u can bet ur top dollar that I will play this trading game as well. In my home country 80 percent are below the poverty line, if trading opens a a door out of poverty , I am rushing through that door and I will win for my families sake
AWS97H will change the crypto game forever! 🌍
Happy to invest in AWS together!
Excited about AWS too! It’s great seeing our investments grow together. Let's keep it up! 🚀
AWS is promising! Happy to be part of this journey.
Feeling good about AWS! Great community and potential.
Looking forward to AWS's growth!
We have no manufacturing base, we're screwed.
Doctor Who had this very joke come up in its very last serial in the classic series. The Doctor overhears it being told, but then asks what should the man do if another bear comes along.
I think you can trade your way out of it. That dude traded on the strength of economies. The moral of the parable is to question why you would want to-it’s not pro social and ultimately detrimental.
Is it worth just changing all your pounds to dong or baht or summin?
Gotta force creditors (the 20 bears) to take massive haircuts, so everyone else can start spending again. Starting with student debt.
@@noelkelly4354 so that's Naked Bears replacing Naked Apes. 😁
It's the claws that get you/us.
Actually, you will trade your way through it. The currency will be bowls of soup and sexual favors but you can absolutely trade your way through an economic disaster.
If the economy collapses, you ain't gonna trade your way out of it. If the economy collapses, you ain't gonna trade your way out of it. If the economy collapses, you ain't gonna trade your way out of it.
Really? Cus for every long position there is a short. And that short position is banking if the market collapses so wtf are you talking about?
Q:"How do I make money" ;
A:"farming & repair work in any economy"
The system will not make everybody winners
How full version is called?
The bear analogy reminds me of covid days.. survival of the fittest and with the fattest wallet.. if you can't afford shit, the next person will take it all and not have a care in the world what you're going thru.
Thats the problem. We have this immediate mentality to be selfish and we dont care what happens to our brother right next to us. I wouldnt try to out run my brother. I wouldnt want to make it if he couldnt. Id try and defeat the bear with him
the economy is not going to collapse, will make it through don't worry
Mate, cut out that last few second off your short so it will seamlessly flow into the repeat. Right now it is repeating the "If the economy collapses...", at the end, when the short loops back around to the start again.
If?
Whaddaya mean "If"?
Its "when the economy collapses".
Too much emphasis is put on the stock market. I often wonder how many recession and economic crashes could have been avoided if companies simply stayed the course instead of laying of a whole bunch of people.
Called out in FT for BS
Unless you short the economy of course
someone is hiding and blocking comments. don't know if it's channel owner or someone else. just understand that what you see in the comments for this channel is being filtered.
Billy connelly joke except the guy is putting on running shoes.
Can we all just give the great Billy Connolly a nod for his lion (bear) and trainers joke.
Lad is the least insightful guy on TH-cam. Wtf was the bear analogy. Fyi there’s plenty of people who have traded their way through and out of history’s many economic crises.
The economy is based on collapsing...