Peter Hitchens: "The rate Rishi Sunak is handing out money in the furlough scheme is colossal"
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- เผยแพร่เมื่อ 17 พ.ค. 2020
- Watch the seventh debate between Mike Graham and Peter Hitchens on the coronavirus pandemic.
Peter Hitchens says the Government has frightened the population so much “that it is very difficult for it now to argue that it's safe for people to go back to normal” either on public transport or in schools.
The collapse of confidence in currency according to Peter could be an even greater threat, “I think they are going to have to put taxes up. The alternative would have to be for instance, to make immediate serious cuts in the NHS”.
Referring to the Chancellor’s furlough support scheme, Peter Hitchens said “nobody has ever borrowed this amount of money in peacetime before”, suggesting that the rate at which Rishi Sunak is handing out money in the furlough scheme “is so colossal and no one's ever seen anything like it in their lives.”
You can watch the previous debates by clicking on the links below:
Round 1: • Peter Hitchens clashes...
Round 2: • Should the UK's corona...
Round 3: • Peter Hitchens: 'Coron...
Round 4: • Mike Graham v Peter Hi...
Round 5: • Columnist Peter Hitche...
Round 6: • Columnist Peter Hitche...
Kudos to Mike Graham for continuing to have on Peter Hitchens every week. I'm really enjoying it
The Gov has the power to BAIL-IN (not bail-out).
Under emergency legislation they can Freeze half of everyone's bank account.
This Could be used to help counter the never ending interest rates we are due to central banks.
I'm not saying they are going to but its an available option.
Remember We are all in this together.
Great intellectual conversation between these two !
Diversity managers in the NHS for £60k. Sums up what’s wrong with it.
A new NHS Climate Emergency job was advertised in Newcastle a few weeks ago lmao
All those BAME NHS staff that have been dying and putting their and their family's' lives literally at risk whilst saving the British public didn't magically appear from thin air. Many come from abroad, Policies have to be drawn up, processes set up, recruitment undertaken, etc, etc.
nerervarine - nobody asked them to come here, they could have worked in Italy or their own country. It’s been easier and cheaper to import a migrant than train our own for far too long. Plenty of our own young people would love the work. Putting life on the line? No more than other key workers. Anyway the problem is NHS inefficiency around PPE and other things. It’s always been badly run like most state enterprise. If they can employ non-jobs like pointless diversity officers they don’t get my support.
citysouthstandlad - yes another example of a total non job.
mrc121002 true. Man made impact on climate is negligible.
I am more scared about the effects on the economy and the quality of life in the future than I am about the virus, it's ridiculous that we are all still in lockdown
I could listen to peter Hitchens every day he’s like the history teacher you now wish you had at school one who told actual history instead of fabrication
Me too. His knowledge on so many different topics is remarkable. I never knew we reneged on our debt to the USA. Great Britain, reneging on a debt? I actually felt shame!
Same here
Mine was a Marxist.
@@rachgrant8640 mine was a pedo.
Rach Grant so was Hitchens 🤯
Diversity co-ordinators, green champions, climate change co-ordinators and a never ending list of these pointless jobs, they will never give them up.
You're nearly there, go a step further; its the JEW every single time.
Well said.
@Enter Name That's the most ridiculous thing I've ever read on the internet.
These are now all big (parasitic) industries in themselves
@Enter Name troll
Mr. Hitchens deserves more time and visibility. He is the only one that got it right on this massive scandal that is covid handling by politicians and complacent media.
He is right up to a certain point but he will never never ever mention the underlying issue of the debt based economy . So he is ether oblivious or complicit
@Sheep Slayer I meant complacent: to behave in front of a threat as if there is nothing to worry about.
Peirs Morgan, James O'Brien & any one else actually doing journalism has got it spot on.
The media are not complacent lol they are criminals paid and owned by criminals. They purposely lie and keep us in the dark about so much. It's not the odd poor journilst or bad presenter lol people really need to wake up man
United Kingdom listen to Peter Hitchens.
One of very few voices of sanity throughout this "crisis". Keep it up Peter
Life is FULL of Risks. From even walking out your Front Door! Lockdown needs to End Immediately! It is a complete FARCE!
how many excess are you okay with? any limit?
If you believe that then you are totally insane, what a dork
Haha, I remember the days before Lockdown when nobody died at all....
@@turquoiseowl natural selection. If you die, you die.
@@turquoiseowl Yes
Peter Hitchens has been the voice of reason during this crisis. I look forward to his Monday chats.
And Mike Graham needs to SHUT UP AND LISTEN ffs
@Cornelius Cornia you are joking , Peter speaks over Mike continuously . Still it is great content .
@@margaretingleby679 Mike is a complete ignoramus imbecile he needs to listen and learn from Peter.
At least hes given him airtime unlike the msm.
What so that Hitchins can tell us what a great economist John Maynard Keynes was?
Peter sounds alarmingly wise to me. People should be paying attention to him. Our attitude towards borrowing and money has become totally insane and it will not end well I fear.
Society can't go on like this, we need social contact to survive. People need to talk and emphasise with each other at work and in bars. Also how are people meant to meet each other? Are single people just single forever now? Apps like tinder don't work for everyone, to properly fall in love we need to be around each other. Also I totally understand what Christopher is saying about people's behaviour outside, I went out for a run the other day and people were crossing the road and dragging their dogs up grassy banks to get away from me! It's not right, we shouldn't be afraid of each other, we're going to lose our humanity and empathy.
You're just horny.
Couldn't agree more Louis. The same farce plays out at my local supermarket, every week. We all queue, to get in, then, once inside, the guy who was behind me, keeping 2 metres apart, barges into me, just to get a loaf of bread, of which there are dozens and dozens of loafs.
Well said.
Louis McTeggart You describe the narcissism prevalent in society in, hopefully, the few, who irritate with their selfish virtue signalling, designed for personal social displays of superiority, benefitting their self image of "protecting" everyone. One striking observation, for me, is the odd absence of a younger demographic, in public spaces, presumably isolating in their virtual world, happily living in Tic Tok and other social media diversions, as if this is one long online party. The Millennials and Gen X have certainly revealed their true natures. Facebook is apparently swamped with their hostility over staying at home as if they're the arbiters of this policy. They're at home in virtual seclusion out of choice. Quite how this divides a society beyond its existing divisions and social distancing I don't know. What was virtual is now physical. For them nothing changed. In fact, the world caught up with them.
@@brynleytalbot778 💯
The purchasing power of the Pound, and the Euro are going to sink like a rock once we open back up, especially the longer we keep this lock-down in play.
That would be true if we as a nation were going through this crises in isolation but it will be interesting to see how we respond to this crises economically on an international level. Money will be tight and the market should respond to that. Who will be buying luxury goods at extravagant prices when money is tight. We've already seen fuel prices drop as a result of this crises and I know they will go back up at some point but the point is on an international basis everyone will be strapped for cash and people that sell stuff will need to respond appropriately of find themselves not selling very much. Who knows let's just wait and see.
FTSE has gone up and only up since lockdown started lol
What are you talking about lol! It is just the opposite of your statement.
Your proof for this is?......................................................
@@IWTBF equities have long since been decoupled from economic reality since the crash of 2008, thanks to artificially low interest rates, and QE, using them as a metric for measuring the health of the economy is meaningless when they're being propped up. Think about it for a minute you can't even plan for next month let alone next year right now, and yet equities are going up in a time of no confidence and anemic economic activity? They're going up because of money printing nothing to do with reality.
Peter Hitchens.... SPOT ON as Usual!!!!
James Downey
The real invisible enemy is the one that’s still connected to the nation like a giant tick - the tick that wants to spend your money like a drunken sailor, suck you dry with a “capital levy”, and keep you forever in a crippled state of economic injury.
Between “herd immunity”, point of entry negligence, and deliberately bad expert advice - the cure is unmasked as the disease:
The deception is that the fantoms of Globalism were washed out of your government with the last of election.
It is so simple but most of people still dont get it: at the end of the day you just cant eat zeros and ones on your bank account. Money is nothing on its own. It is a thing we agreed to use as trading asset. On its own, it is worth nothing. If you dont produce, you can print all the money you want but it will mean nothing. You can borrow all you want but if you dont have tangible assets behind it, it means nothing.
Lets make it simple: if half of the population works and the other half dosnt and the first half provides for everyone with government printing money, first group will at some point realize that they are trading their own work for a bunch of paper. Money only works as long as people belive in it. Simple.
If you think you can just borrow or print money without any consequences...you have another thing coming.
My God, another person who actually understands what money is. It's the belief of value that makes money have a value. Take a 10 pound note. It's 10 pound of what, it was at one time gold, but what is it now, thats what people need to think about to understand.
@@krpkrp3033 - Incorrect, money has value, it's just replaced us all having to have a flock of sheep in our pocket to barter with.
What worries me is what happened to Germany in the 1920s.....a great inflation. Money became worthless, people pushing wheel barrows of banknotes about to buy things, god help us all if that happens here.......
Who cares. Bang on. These idiots don't care because all they focus on is superficial things. they feel smug because they will hand down their 'dirty filthy mostly stolen generational wealth' to their privalaged off spring BUT..... what kind of world are they leaving their children to live in ????. It's like giving someone a sess pit to live in as the world that has been created for them and then throwing 10 million pound in after them thinking your providing for them ????.......well there would be no point having 10 million pound if you only had a sess pit as an environment to work with. There's a famous saying by A Native American .....' When every tree has been chopped down and every river has been poisoned , they will soon discover that YOU CAN'T EAT MONEY' . This is bang on but so sad. Yes it's simple really, the principles of how money works. Another simplistic example is in a game of monopoly whereby if one person eventually owned all the property and money, although there are other players, the game is no longer worth playing as the cogs of the economy only keep turning if and only if everyone takes part and remember despite the economic cogs being different sizes and weights, the biggest heaviest cog can't move an inch unless the tiniest one turns first !!!! We all need to recognise and remember how important the smaller cogs are especially the big cogs who ultimately always think their the driving force. Well think again !!! It's DEMAND AND THEN SUPPLY........AND NOT the other way round . Well said..up the working class.
@@barbarossa5700 bang on
Peter articulates his point so profoundly only for Mike to challenge him by saying "but maybe your wrong". This "but maybe your wrong" attitude is going to carry us gently into oblivion.
but then again....maybe your wrong!
I know right? The single biggest argument of those in favor of the shutdown now, and the proportion of the response then, has been a fat case of “no u.” Like really? That’s all you got?
Hitchens may have been right IF the government had quarantined new arrivals on flights and ships to the UK early on, but they didn't., and it was too late by then, necessitating this lockdown. Maybe that was the plan all along !
@@andychatt23 🤣
@@chriswayneevans Nothing necessitated the lockdown, it was the governments choice to impose it and if they hadn't there would be no difference to the rate of transmission. In fact most people in the country have probably been infected and gone through the period of illness with or without symptoms. The last estimate I saw was at least 35% of people having had the virus.
Blimey, Mike Graham has changed his tune since the first Hitchins interview. Kudos for being open enough to listen to someone going against the narrative👍👍👍
It's all bollocks shut perfectly healthy people in a house. Then borrow and borrow till we are Venezuela.
A friend of mine in Wales was sent a check for a £50,000 business loan and he didnt even apply! WTF is going on!!!!
Mike is miles away from Peter`s caliber.
Give Mike his due, they at least have a logical discussion which is very difficult to find elsewhere.
Calibre
I think you have to remember that Peter turns up and talks for 20 minutes, once a week on a subject that he has researched deeply. Mike does 3 hours every day. I don't think he does badly. Having said that there are few people of Hitchens callibre.
Slob with a cuppa. Hitchens is good but his whistle gets a bit much after a while..
I thoroughly enjoyed that conversation.
The real invisible enemy is the one that’s still connected to the nation like a giant tick - the tick that wants to spend your money like a drunken sailor, suck you dry with a “capital levy”, and keep you forever in a crippled state of economic injury.
Between “herd immunity”, point of entry negligence, and deliberately bad expert advice - the cure is unmasked as the disease:
The deception is that the fantoms of Globalism were washed out of your government with the last of election.
95% of the 7.5million on Furlough are going to be out of a job when the scheme ends. It's the 1st step to lay offs and redundancies (without pay btw).
If furlough finishes in october thats 69 billion
But we bailed out the bankers for 500 billion
The difference is that the government told the bank to hold that money and not lend it out.
This time there will be inflation.
@@jameslincs they still got there billionz in billions in bonuses tho
I was a qualified nurse for 35yrs, and the waste that I saw was huge, eg. top heavy highly paid management, newly refurbished wards, then six months later some interior designer comes along and says those chairs don’t match the paint so it all gets done again, IT systems that don’t work so gets binned, then another is tried, etc etc.
My next door neighbour is a plumber on furlough ( getting 80% of his wages )........he's now getting a paid government 4 month summer holiday.............and he's still working CASH IN HAND.....................Boris's cash bonanza blunder is gonna be his downfall........FACT!!
brilliant back to old days of working on the side black economy
Good for him😂🤣😂
Report him ?
LTD Company's Cash in hand no receipts and no tax paid most times you take a chance and hope nothing goes wrong It should be stopped altogether
Lenny Robinson . It will be once fiat currency is withdrawn and replaced by digital currency, so that every penny is traceable
This is a Bonanza for the Health Industries, follow the money.
Yes the pharma cartel and the banksters. Also the World bank/IMF/Vatican bank.
Until the tax dollars run out and austerity kicks in much harder than after 2008.
"highly educated person" translates to "brainwashed moron" to me these days.
I was born in the 1940s and I remember my mother's ration book and bombed out Bristol with its destroyed buildings and huge craters in some of the roads. Life was poor but as children we had fun. It was safe to play outside without too much fear of evil people or traffic. People were much more civil to each other and the political and social perversions that infect our modern living were unthinkable to the majority. I guess we were still moderately a Christian country. I have agreed with Peter Hitchens from the start with regards to the Government's reaction to this virus. Like so many, I have read and heard from a number of scientific opinions from various highly respected epidemiologists, virologists, geneticists, economists, and biophysicists of which Peter Hitchens is in consensus. They all agree. The Government have got themselves into a pickle that they appear unable to extract themselves from. They could say something like this: In the light of the latest scientific evidence and statistical information we believe that the virus no longer presents a great threat to the country. As in other countries, It is being demonstrated that herd immunity is now sufficient to allow us to live with the virus, as we do with most viruses that do not have vaccinations for. It is generally agreed by a number of epidemiologists that the diminishing mortality rates and the reduced fear of a second wave means that we can begin to get back to normal. Therefore social distancing rules will not longer apply. It has been a hard fight and many sacrifices have been made. We have saved the NHS from being overwhelmed and blah, blah, blah. They do not even have to say sorry. They could if they wish find a scapegoat to hang out to dry. Has anybody seen Professor Fergusson lately? Just a thought!
I work in a gym which is also in a college. We are supposed to go in a week before the college reopens, in order to plan strict social distancing procedures. As Peter says, you cannot possibly keep these up forever. What would happen, if someone required first aid? What would happen if, heaven forbid, they required CPR? would people just keep the required distance?
I wouldn't be shocked if people just watch someone die in that situation
@@silverman824 Pretty sure it was happening quite a lot in China
Well I’d give them cpr or any first aid they needed.
You would certainly like to think that that would be the reaction of most if not all, the problem is, that we have weeks of conditioning, with the message rammed home to the point like Peter points out, people are terrified, the look on some peoples faces when you happen to be walking towards them is scary.
Look at the police how they are behaving at the moment!
They are not keeping distance and when arresting or searching person they are not wearing any facial masks.
"Diversity Managers" lol
Mike used to differ greatly from Peter's views and he's changed so much over the weeks he's cheerleading him now.
People don't realize there is another agenda here, I have followed and studied the financial markets post 2008 after what I saw in regards corporations and the housing crash in Dubai where I was living and acquainted with a few hedge fund managers and bizarrely a few US senators, so in 12 years of interest and study, and I genuinely have a good idea what in going on. This is fact ,we actually were on the cusp of a new financial collapse (well the second part of 2008) almost to the day regards the "pandemic breakout in the EU/UK/US, this was starting with the collapse in the little known US Repo market, Bond Market and a crash of the Euro-Dollar (effective the Euro international currency swaps that was keeping the EU/UK banks propped up). This was going to be many times bigger than 2008. There would have been and still will be lots of ramifications but in layman terms 20%ish interest rates, maybe a run on sterling definitely the Euro, 30% job losses, housing crash-70% price corrections, not good if you have 70% equity or less, so get ready for negative equity, most bank balances lost as you are an unsecured creditor regards your bank balances so legally they already belong to the bank. This is all still going to happen but in a more controlled way, an analogy being this is a controlled demolition of the economy to protect the financial system this is not for the benefits of the population but for the Banks and Government. I'm amazed that people think the economy is going to survive this! Regards COVID-19 it is more than likely that the yearly flu virus which happens every year with a similar statistical outcome has been co-opted for this purpose, remember the flu is a corona virus (they can get away with so much relying on the ignorance of the majority) but has the numbers bolstered with the expected deaths from heart failure, diabetes, COPD etc and presented as COVID-19, doctors and nurses have already reported this happening so that is not speculation, then ask yourself how many flu cases have been reported this year? none! COVID-19 real or not, the economy is toast and will have a bigger fall out, including deaths. PS: where do you think the currency (which is not money) that the government is pouring into the economy comes from? two places, 1/ the government worthless bond that financed this is bought by your pension companies (they have to by law) as no one else buys UK debt anymore, do you really think this Bond is worth anything? whether it's interest or the principle it will never pay any return. 2/ All currency that comes into the system reduces the purchasing power of currency already in circulation i.e. it becomes worth less, another analogy it's like someone replacing your tenner in your pocket for a fiver. Wake up people!!
Who are the Trustees of the Bank of England?. Why is that a state secret? Why have we sold so much gold?Why have we let a neo babylonian cult assume global control?
Flu isn't a coronavirus.
Are you trying to say there were no cases of flu reported in January and February.
I've been saying this for years. This is a PLANNEdemic to crash the economy which Max Keiser Peter Schiff MArc Faber et al have said from before 08 it's all related to IMF and the Jesuit order controlled Vatican synagogue of Satan ushering in their NWO. Counter-reformation has never ceased. Get prepared for cashless society mark of beast system. Jesus returning soon at least in our lifestyle. Watch if Damascus is destroyed then we know the coming of the Son of Man is imminent. Maranatha.
Flu is when our body which is environmentaly sensitive senses it needs to detox and yes flu is the coronavirus which we all have naturally.
Peter Hitchens: The Voice of Reason.
I love these Monday chats with Peter. It's a pity the government never employed him as the advisor rather than a professor who has a record of being wrong.
I’m guessing the massive debt caused by the ridiculous overreaction will be mitigated by massive inflation hence paid for by savers and pension pots. Tax rates will rise but not tax revenues.
I am on universal credit
Either that or huge deflation as the real economy is fatally undermined, unemployment skyrockets, taxes rise, and the money supply shrinks massively.
If you strip people through taxation they have less disposable income and the consumer driven economy shrinks, feeding less into the system. The more a pound circles the more value it creates. In a low interest rate environment perhaps lower bottom end taxation through a higher personal allowance would increase disposable income, this feeding the economy.
The FT article Hitchins refers to was a comical piece full of accountants advice akin to letting the fox manage poultry production in that they were complicating the tax system for their own benefit. If true change emerges a sensible tax policy would be to rip up our burdensome tax book and finally reduce it into something functional for us rather than accountants and lawyers. I doubt common sense is about to emerge given the emphasis on engaging key voters above rational policy.
One economist in America supports huge debt due to the fact low interest makes it cheap to service. We're within bizarre territory and were before coronavirus as zero and negative interest rates proliferated. It's just become more bizarre. Given we've never been in this territory no one knows where it leads. But pensions will be hit and I speculate that existing annuities could also see income declines as the Peter pays Paul system collapses.
I think many benefits will be curtailed for higher earners and quite possibly a cap on the state pension for private incomes above a threshold. The welfare state has become a free for all when it wasn't meant to be. It's a support system not a right. As is the NHS. We adopt unhealthy lifestyles in the knowledge it'll bale us out. Much needs change. It's just how far a government will go when it's attacking it's own voter base.
Once again the unions use an opportunity to flex their muscles, how narrow minded. Teachers, and I am one, should get bnack to work.
Get "bnack" to teaching,but please not spelling !
@@michaelscales5996 And the appalling grammar. No wonder, children can't spell these days.
Good on ya
Timothy O'Connor Everyone is focused on a power grab - politicians, media, unions, experts, and the list goes on. The true power grab isn't so obvious but it's there - the people. In the end, with hope, it'll be the people that'll act and against the self interested power grab mob. It's like the Brexit debate all over again. It's certainly woken the Remain camp up in their being right about coronavirus fulfilling their righteous need to claim superiority in something. But even that is hopefully waning. The people, in the end, will decide and move forwards. The true power lies with them.
Like him or loathe him: Peter Hitchens talks a hell of alot of 'common sense'
The Scamdemic/Plandemic is finally Unravelling as the FAKE VIRUS we all knew it was all along!
And NWO.
@mrc121002 keep takin your hyrdroxochlorene
It's goal is a step by step approach to complete control and depopulation
What a spot on thing to say " If you now can open the schools, why did you close them in the first place"
Answers please..........
they are being deliberately confusing about the rules to confuse the shit out of us. There's literally psychologists working for the "behavioural insights team" who are doing this :(
We voted for socialists instead of communists that's what happened, we have no real Conservative party.
Most of us still working are having to work more hours which means paying more tax meanwhile these tw@s are handing out cash left and right.
People who don't work and are on UC got an increase in pay while those of us working got an increase in tax, its fling ridiculous
Geth Creator Liberals, New Labour tories one and the same... Thatcher, Farage, Jacob Reece Mogg, true conservatives.
The end gaol of socialism is communism
neil eastell brought in by border force with pritty blessing.
@@theprincipalofficer4273 - Yep, good to see our taxes hard at work isn't it? We're all not allowed out, while thousands jet in to pick fruit or are rescued by our boats,
This country has no right wing party at all
Peter Hitchens interrupts this guy SO much.
It's easy spending money when it's not yours.
This country is absolutely finished, the unemployment rate will be absolutely catastrophic, the nhs will be privatised and poverty will be absolutely grim. People were warned before this insanity commenced, now you will have to try and survive it.
Oh dear! Mike's school boy economics would make anybody cry!!
Radio bloke looks like the lovechild of Mel Smith and Nick Ferrari.
Without the love.
A lot less than the 500 billion bail out of the banks in 2009 though....?!
Hold on a fuckin minute!!!!
£200-Billion to renew trident,
£100-Billion on HS2(so far)
What Do you mean we can’t afford furlough??...
Anyone who says we can keep borrowing doesn’t realise our credit rating will fall to a point where it is no longer feasible to borrow.
Mike and Peter are becoming besties 😂
I pay nearly £1,000 in income tax/NI every month, and have been paying income tax in constant employment since I left college 22 years ago. I've been paying VAT since I was born. I've never claimed a single benefit other than being state schooled and using the NHS a couple of times. Sorry if I don't feel bad that I've been furloughed for a month and getting a tiny amount of what I've put in back!
Thanks Mike, for having these very important conversations when we are being run by complete lunatics who have gone so far out of control it's now in plain view. It has to stop because we don't want your NEW NORMAL!
The alternative would’ve been far, far worse because of the nature of the private sector, it would’ve favoured terminating employment and therefore cutting their costs that they’d naturally deem as a waste of spending. Just look at the USA, the only aid the workers were given was a pathetic $1200 cheque and the corporations got the key to the treasury, even with all that corporate “aid” US unemployment has skyrocketed to 22.80% (this is the u6 unemployment measurement) and within the last 2 1/2 months directly translates into over 43 million US workers filing as unemployed, which additionally means that almost all of these workers have lost their healthcare (because its directly tied to employment) and will be unable to afford a private plan unless they have savings.
The point I am making is that with the government temporarily exacerbating the deficit, this has so far proven to work as workers have been furloughed, not fired, the workers have continued to be paid and will continue to spend, spend, spend. The alternative would’ve been a rapid (short to medium term?) increase in unemployment, and people claiming benefits, the end result would’ve still been the government spending ridiculous amounts of money however, with a strong dose of unemployment and economic hardship for workers. I honesty find it shocking that in the face of a *global pandemic*, still fiscal conservatives get triggered by the government spending money, even in a completely reasonable and economic recession/depression preventative manner.
They found the magic money tree that didn't exist. I wonder where it was??
I hope the government don't expect people who didn't get a penny to pay anything back
The people can all starve provided we maintain our POWER, what a pleasant man.
I've worked all the way through this crisis and its impossible to socially distance all the time so I haven't. If your scared of a virus just keep your immune system in good condition and get back to work, there is nothing to be afraid of.
Gov't should cap credit card APR at 10% - currently it is still 29% which is absurd considering savings is 0.1% or less ie 29% is 290% greater than bank savings accounts...
Or don't buy anything on cred card you don't have the money in your account to pay back at the end of the month. 1st world problem.
If you can't afford it 🤔 DON'T BUY IT !!!! 🤪
The EdBaron incredibly naive thing to say in this current climate.
Harry Bell good for you mate. That means you’re at least 20 years older than I am. Try starting your work in 2008 and then coming back to me about not using credit etc. I spend £12k a year on RENT, I’ll never buy a house. I don’t buy tat with credit cards, I’m buying food and would like to not be penalised for 18% when they only pay 0.75% to borrow the money to loan to me..
spot on dogsense Foru
These Hitchins interviews are great, look forward to seeing more.
Peter Hitchens is a reasonable, rational individual who we would do well to listen to. Unfortunately the host wouldn't know the meaning of integrity of principal if it but him on the arse.
97% of the money supply in the UK is through bank credit creation loans. It is created out of thin air and has no substance other than the confidence in those making the loan and those accepting it that it will be paid out and repaid. Consequently, it no different from the government creating money from thin air to pay for the lockdown thus keeping the economy at a subsistence level until it is over. The last thing we should do is buy or issue government bonds or debt. The government should be the sovereign issuer of the money supply, not banks.
People who work in the hospitality industry and have been furloughed why? There is not going to be a trade for them under restrictions of social distancing and a depression, where no one is going to be spending on eating out. It's going to be impossible for restaurants to operate with reduced capacity and keeps profit margins.
I wish Peter Hitchens would teach me how to speak English so eloquently.
Every day the story changes. It's ridiculous. The 50s in England looked terrible. Gosh.
Ben Elton's let himself go
I love the blossoming bromance unfolding here before us...
That's it Rishi - keep dolling out masses of fiat money, lovely stuff, plenty more where that came from. No mention of course of a 9 trillion National Debt or zero interest rate, which steals billions a week from those prudent enough to have saved,. What the banksters steal makes the EU Commissioners look like amateur pickpockets.
Peter's story about the woman and her kids is bang on. I have witnessed the same myself whist walking. How on earth are these people going to persuade these kids to go back to school and mix with society again? Truly, stupendously stupid.
Or the foolish parents who say there kids are'nt going back to school until there's a vaccine. I had one say that to me then when I asked her how the home schooling was going for her daughter she then says that she has'nt made her do any work at all for the past 8 weeks
Let me manage NHS budget I'd get rid of all the nonsense titled jobs and far to many managers.
Good Morning Peter..
morning sexy G
The present 73 million unemployed is set to rise to an estimated 11.3 by eu measures. The level of normal unemployment benefit levels of 96.60 a week is totally inadequate even in regional Britain where the poverty line is 149.61 per week rising to 215 per week in the south east and 245 per week in London. Clearly this is made worse by means testing and compesite taxation rates of 60 % plus locking people into longterm unemployment and the resulting depression... Experts think that removal of any sanctions outside court and taxing benefits as topslice income instead will reduce unemployment rates more quickly... The government points out that the removal of any benefit entitlement for 18 years to bring the system in line with UK law will help produce a level of benefits that will support the economy to exit a NY recession
Always makes so much sense thanks Peter
Spot on Peter. Thank you for telling it like it is.
Chilblains and Lard haha Love it !!
Nowhere near the cost of bailing out the banks.
The thing is the Bank of England cannot keep on just printing money. Other countries in the world would refuse to use it in that case.
Did you take your own food abroad? 😂🤣😂🤣😂🤣
Maybe, instead of coming after peoples homes, savings...the mp's could lead by example and ditch their expenses to accumulate some money back...sell off their second, third homes, take a permanent pay cut as many of the hard working men and women of this country will have to do. Might ease the sting of essentially being robbed...
Well said
They're tirelessly working for the public good, you ingrate. Or, that's the party line, if you really believe them. Moving Parliament to the provinces and significantly reducing MP's would be a good start. But then they'd not benefit from rampant London home inflation. Also selecting candidates from the locality they represent would be a great cost saver. Robert Jenrick, on top of his London residence, receives over £2k for a rental property in his constituency, as he's not a resident, instead residing in the South in a £2.5m mansion. He was Cameron's buddy on the nomination list, another university contemporary. It's nice work if you can get it. But forget it if you're poor and not socially acceptable.
@@brynleytalbot778 tirelessly working for the public good, you're deluded...you really think their expenses are justified.
I'm an ingrate, so can you explain exactly what I'm supposed to be grateful for...
ORGASMATRÖN BEDDÖWS You've misinterpreted my highly sceptical and sarcastic response. I should have put quotation marks around the leading remark signifying that's what the politicians would say to you, as a proletariat.
@@brynleytalbot778 you're right, I did... and unlike the government I'm going to admit it 👍
I adore this man !! wish we had a Peter here in Australia !
Always good to hear the calm logic of Hitchens
Rubbish.... :( That wasn't long enough, I could have listened to that discussion for 2 hours.
It's a lot less than labour were saying they would spend, we were all getting a new car , with the internet, nurses a house each, amazing
I can just hear Peter Whistling past on his bissssssssssssscycle
Mikes comments on travelling in Europe to lido di Jeselo, we went there, too made me smile
As a host you should really learn to stop interrupting!
Rarely can one person read events so well and at the same time have the ability to communicate what is happening is such a clear and foresight manner. How few are listening is what will come back to haunt the present generation. Total government mismanagement combined with a hysterical media and absence of a series critical opposition will have terrible economic consequences. Keep up the fight Peter.
Brilliant, interesting chat with Peter Hitchens
`Because of Covid19` is going to become more and more frequently heard than `Because of Brexit`
I was interested in Peter's history of the UK's continuing fall in world standing since WW1 - and how it doesn't look like things are about to improve. And he didn't even get on to the subject of the added economic problems which the likely no-deal brexit will bring about. I think all this will probably end up in the break-up of the UK. One thing I'd disagree with - Peter stated that the UK won the war (WW2). The UK played an important part and was on the winning side, but I'd say victory had more to do with the Russians and Americans. Saying "we won the war" is stretching it a bit.
Team work
Well we didn't lose.
We can't all have jobs flabbing our jowls about on radio like you mate. The government decided to shut down the economy, not us. Most want to go back to work now. If they won't let us, well, they best keep writing them cheques.
Hitchin misses the point we should not undertake qa, the stock exchange lays off risk to pension funds, but where Hitchin is wrong... Its what you spend borrowings on. But the Bsc consulting group points out that qa in the USA and Europe will have a positive financial effect on the uk economy. There is a 15 billion premium to our ecoomey if we have radical reform of parliament and restructuring of the failed civil service.
Bloody hell you can't get a word in lol
no harm
The company i work for has furloughed the highest paid employees on full salary, not because they aren’t needed but because management wants to get its hands on some free, taxpayer’s money. Their salary bill for those employees has dropped to 20%. It’s an absolute scan and i bet loads of companies are doing it.
It's impressive how Mike brushes off the idea of a couple decades of financial hardship with "we'll get over it".
9000 job losses reported at Rolls Royce today. Good luck with gathering taxes to pay this bill when no one is working.
Spoke to some brickies today, love if life on 40k profit with 80% pay PLUS working full time for cash. This crap has to stop and the uk needs to get working again. Forgot project fear for brexit, this fear is very real. People are scared to breathe for Christ’s sake, based on HYSTERIA
I live in Sussex, and nobody I know knows anybody that has been sick or died. A nurse friend says the local hospital (princes royal, haywards heath) is "empty". "Never been so quiet". Lockdown other than for old, sick is MADNESS. Civil war before I'll pay for this stupidity.
Thank you for peter
My buddy on long-term leave from running his cafe..heard about the government handing out free money and so applied, in a moment of idleness ..and was surprised to find a cheque for £20,000 dropping on his door mat the other day!
I think all the money people have put into the work place pensions, will be one of the pots that are emptied...
Correct me if I'm wrong, but I had always understood that the default was due to the French government's failure to repay a loan which the British government had stupidly guaranteed, -- not that this makes our default any less shameful. It makes it more.