OK - More than 100 of you have commented positively and persuaded me to publish this video. If you're coming straight here, PLEASE watch this shorter video first, which is preamble to this: th-cam.com/video/eu_CHkkhopY/w-d-xo.html
Charlie - would you consider the other side of this? I try to understand both sides of all debates. If you would be interested in hosting a guest via Zoom and putting up a video showing the exact opposite side of the debate I'd be truly happy to show the other side of this. And yes, there certainly is another side of this. If you would like me to put it together as a respectful sounding video you could simply upload to your channel I'd be glad to make the video if you will upload it to your channel. It wouldn't contain any bad language, any mocking or any disrespect. Just cold hard facts about why this "disaster" may actually be the exact opposite of what it currently seems. I could also provide easy guidance on how your viewers can protect themselves from this changing world scene
The beauty of this conversation is it will connect and act as a wake up call to the middle classes. The poor are used to being poor and the rich wont be affected. I’m sharing far and wide (sorry Charlie)
Loved this! One of the best thing that came out of the conversation was when you were both talking about learing the basic life skills that all too many have left behind, growing your own vegatable, understanding basic mechanics, real ahnds on skills that are priceless. Thank you both for provding such an engaging and balanced video.
Good for I'm glad you decided to publish publicly Charlie.... your discussion with your friend reflects the conversations between older sensible experienced people up and down the country of a certain age, We are facing a financial catastrophe unfolding from not just recent events but were triggered from the 1970s when the Dollar was taken of the gold standard, joint incomes were allowed to chase house prices even faster upwards, credit cards, printing more and more money, mindless consumerism, the collapse of our manufacturing industries which generated real wealth, I'm of age I have witnessed all of these things, and I'm afraid for the young people in our country, a lack of skilled apprenticeships, and far too many university degrees which are worthless subjects, the cream of brightest young people the 10% academically gifted young people should have free university education, and the rests should be trained in the valuable skills we need to build our manufacturing base
This is a really strange video for me to see as I feel like I've been moving away from this perspective over the last 3 years while house prices have increased. The market crash was predicted years ago as well as banks kicking the can down the road. Meanwhile I've moved away from that and have been sacrificing a lot to save for my deposit. So it's sort of painful for me to listen to this, because I haven't been happy living where I am but I've been holding out, so I could eventually buy and live in my own place. I'm glad that you've said this, but as a young person, I feel pretty hopeless about the UK after sacrificing and saving. But at least I've hedged my bets.
Great talk chaps, please do this on a regular basis. This all reminds me of a MiT study from the 70s that predicts global society collapse around 2040. EDIT: I managed to find the study if anyone is interested: it's called the "Limits to Growth" study, which was a seminal work published by the Club of Rome in 1972. The study used computer modeling to examine the interactions between the world's growing population, increasing industrialisation, depletion of natural resources, and degradation of the environment. The study's findings suggested that, unless certain changes were made, the world's economic and social systems would face severe disruptions in the mid-21st century, with a collapse of the global system possible by the 2040s. While the study has been highly influential and sparked important discussions, it has also been criticised for its methodology and predictions.
@@change2023now yes, they want us mere mortals gone. Hence the push for the UN Agenda 2030/WEF, climate h0ax, endless wars, CBDC, digital ID. One of the WEFs moto is ‘it is 2030, you will own nothing and be happy’!
People like myself on a single income are battered ... my choice not to be married has left me struggling...I'm a professional and therefore ineligibke for any help whatsoever. Running a home is very difficult when you're single...
A fascinating discussion. I don't disagree with any of it. To reflect on my own experiences, I've been self employed since 2009, and since that point put any money we had into our business. Moved from Scotland to Devon and did well and then did badly. Covid largely crippled us and post covid noticed a survivalist mentality start to emerge where no one paid anything out unless they absolutely had to. We became increasingly disillusioned with the prospect of a future in the UK, and made the decision in Jan 2020 to move to Sweden. This was much delayed due to covid and finally happened in July last year. Life feels very different here. We live in a large village, in an underpopulated part of the South East. People are more optimistic, services are far better funded (my older daughter is at school in a class of 13, which is totally normal) and owning a house is a realistic prospect for anyone on any income, with £300-400 a square metre pretty standard for a detached property. My feeling about the UK now is that if you are in a fortunate enough position to already have money, or being in a very high paying job, then it is a country that can work for you. If you are low or middle earning, then it is already a struggle and it will only get worse. With the lack of manufacturing (something that's starkly apparent if you spend any time in the rest of Northern Europe), lack of public services, increasingly high tax burden and unaffordable and low quality housing, the future seems bleak.
WOW! What a profound conversation! First of all I’d like to say thank you Charlie for all your amazing content so far. I’ve been following you since 2022 and appreciate all the support and integrity you convey to help people. God bless you and your family 💚💚💚💚 As for the conversation, thank you both for an informative video. People need to see this! It was intriguing to hear you mention so many topics for discussion and some big names mentioned; a few rabbit holes people can go down to research. Follow the money is one, as to why we are in this mess today! I think the fiat currency will disappear soon and we will go back to the gold standard once again. Have you heard of BRICS?
Thanks for this, fantastic conversation. I think people are starting to wake up regarding the increasing wealth inequality. The way things are going training your kids to score well for emigration is the way to go.
Charlie, here is my feedback on this video. The conversation I heard in this video is the conversation that should be taking place in every house, pub, office, hospital waiting room, secondary school and university. The video is a pragmatic, realistic view of our potential future. None of it is inevitable, and there are plenty of world events that could change everything very quickly, but some or all of it could. What is needed is for this conversation to be happening in the mainstream media. It is a failing of the political/media to shield the public from this. I understand your reluctance to post this video, but I am glad you chose to. I always hope for the best, but I also want to prepare for the worst. Please make this available to more people. The conversation needs to go mainstream. For reference, I consider myself of average general intelligence (Maths, English, Street Smarts) with little to no investment experience.
Charlie, I suffer from depression, but this conversation has in no way made me feel low. It's two friends having a discussion about real life and world events, that should be shared with everyone. It was certainly not all doom and gloom, the humour was indicative of people feeling uncomfortable with the topic under discussion, which is basic human nature to laugh at something that's seemingly unbelievable or incomprehensible, so don't feel bad about being light hearted in parts of your discussion. I can see where the woke, overly sensitive, left would easily find this conversation to be offensive. Well, they need a kick up the arse end and need to wake up to the harsh realities of life and what's potentially coming down the road. If they don't like it, they can crawl into their 'safe space' - a large cardboard box will suffice - and whimper. Everybody needs to hear this chat, especially our elitist, university educated, leadership. Why oh why they can't see that short - termism is screwing this country and sort it by agreeing to implement policies for the better of the long term future of this country is beyond me. Selfish, stupid and with heads stuck firmly in the sand is a picture that comes to mind with our leadership! I also found it interesting to hear about the digital currency and writing off the national debts of all country's. It's been my view that a Global IVA, allowing every country to start again, learning from past mistakes and investing in that long term plan for the best interests of the country, can only be a good thing. The only proble with that is, selfishness and greed will naturally take over and we'll be in the same situation again in another 50-100 years. I also travelled through the USA a few years ago and the poverty is there, right in your face. I stayed with a fair few Americans and a common theme of conversations they started, was to mention they were rapidly approaching their next civil war, due to the huge differences between the Haves and the Have Nots. We need more of this truth being spoken. The trouble is, if you do speak out against all this woke led dictatorship from the left, you're immediately put under threat of losing your job or having a criminal conviction for speaking out against them. Freedom of speech in the UK is something that's not truly existed for a number of years now!
Someone has to say something, so good on you for publishing this interview. It will be hard listening for some, but then we have some really big difficult decisions to make as a society in the coming decade and beyond (some we know, some we dont). its better if people understand some of these ahead of time now before hands and minds are forced to deal with it.
16:40 "Money isn't real" - Correct and for those viewers who are confused consider this: If you go to a bank for a £200,000 mortgage you may believe that in order to lend you that money, the bank must therefore have £200,000 at its disposal. This is not true. The bank creates that money out of thin air. Before that moment the £200,000 never existed. You have to 'repay' this amount that never existed with interest as well. How cheated do you feel ?!?! Modern worldwide currencies, whether it's the UK £, the US $, the European €, are backed by nothing. The whole world money system is a Ponzi scheme which is falling apart.
3k a yr is not “peanuts” as mentioned in the stream. If untaxed it amounts to an extra £250 a month. If the 150k pension was invested in money market funds today it would return 7k a yr.
Thank you Charlie and Alex for this very interesting, intelligent and thought provoking chat. No need to worry Charlie with your considerate concerns with regards to this enlightening and profound topic. If you're able to do so, its always better to be aware and prepared of potential threats then to live in denial should the worst case scenario ever materialise, lets hope the future is bright and positive for all 🙂
precisely what Ive been thinking for a while, glad i'm not the only one, although i fear 5 or 6 years from now not 20, nearly ran out of water last summer as it didnt rain for 4 months , with water company sending out texts warning of 'low pressure' , whats a house worth without a reliable water supply charlie?
Alex the Realist. 👍🏾What a great friend you have there Charlie. No way was I not going to watch!! This confirmed a lot of what hubby and I already knew, thanks for sharing.
My 1973 Rolls Royce Corniche cost £14,750 I have the invoice..... the equivalent today would be £300,000 .....in 1973 a second hand average starter house would be around £5000 something is seriously wrong with house prices
I bought my first house at the end of 2006 aged 25 with a 5% mortgage, which got me into about £40k of negative equity buy 2009 when I needed to move for work, it was only in 2016 I sold it for what I bought it for so £0 profit... though I had spend £20k doing it up so really was still down by £20k... now 42 saved up another £30k looking to buy and start a mortgage in my 40s I earn a very good wage so not sure how everyone else is coping.
CBDC’s Oh man! If you think that is the answer we are doomed!! Do you realise that most CBDC’s are built on Ethereum which has a fragile and centralised infrastructure? The core group of developers have routinely changed the underlying code against the wishes of the community who have a deeper understanding of what is going on. Yes, we need a new financial system, but be careful of the solution that you are advocating. With CBDC’s you have programmable money that can be switched on and switched off depending on encoded parameters. Think of a government that gives you an allowance for the week and if you don’t spend it, you then lose it the following week when the digital wallet is reset! True monetary freedom and property rights rely on a sound money that no one controls. This is an incredibly important nuance and people NEED to be talking about it more.
Oh I’m well aware of the very deep dark and scary downsides. Personally I don’t believe that CBDCs will be built on blockchain, it’s far too structurally slow and inefficient, and not needed. I’m in no way an advocate however, what alternative do we have with a global financial system that’s $303Tr in debt?!? That’s $38K for every man woman and child on earth - when the average global salary - for those who work - is
Highly illuminating, if slightly depressing chat. The alarm bells are ringing everywhere now, it’s impossible not to see it. It’s not the end of the world but we are going through a period of change where the old systems of finance & industry used to organise human activity no longer work adequately. Definitely make this public. If it makes a small difference and only reaches a few people it may have a dramatic effect “for the better” on their calculus for the future. Keep fighting the good fight.
We are already in the situation you talk about with regards to the NHS, I have said to my Mum (81) that she can’t rely on the NHS and that if she needs an operation she is going to have to use her savings and pay. I believe the NHS will collapse and we will end up with a system similar to the USA before too long,
Anecdotally, most people I know have had excellent care from the NHS despite the collapse headlines. Don't disagree wiith the intention of the Tories to run it into the ground and replace with a US style dystopian system
I agree that the care, once you can get it, is generally very good. The issue is that with the combination of the pandemic and immigration the system can’t cope and wait lists are unacceptable. At 81 I wouldn’t want my Mum to have to wait for years in pain for a hip or knee replacement. I would rather she spent what little savings she has to be treated within a reasonable time frame. It shouldn’t be this way, but it is. I bet that if you asked staff on the ground they could come up with a multitude of ways in which the NHS could save money and be improved. In the meantime those of us that can afford to are turning more and more to ad hoc private appointments.
I found this very interesting. I can understand totally why Charlie was nervous. My son 23, has been telling me stuff on the same theme for years. It sounds more than plausible. It will be blamed on greed and the worst of humanity, being privileged and in control brought on by incredulous wealth. Its not going to end well. Reminds me of the Terminator films. There are some amazingly good people on this world. I wish they were in all the many governments.
That was an amazing conversation. I was wondering if anybody would ever bring up the idea of a debt jubilee - since that is absolutely essential as time moves forward. Everyone needs to hear this..
One of your best - brilliant and a crystal clear outlook wrt the uncertainty that lies ahead. It enables individuals to think, plan for the worse but hope for the best. Share with all your viewers.
Having watched this video on 6th February 2023... The overall mood left after watching is one of doom and gloom... People should save what they can and if they have 150/200k pension pot , it's better than nothing and if well invested can provide decent returns over the longer terms...Current house prices alienate many youth and leave to a feeling of no hope.... Property prices need to correct between 40-50% in REAL TERMS ... This is possible once the weed smoking sellers get real about prices.. begrudgingly they will have to. Interest rates need to Stay at 3_5%.. and No more f'ing quantitive easing and assisted purchase schemes which builders have pocketed !!! People need to make decisions to either accept more tax to retain NHS or move to a 2 or 3 tier health system where many will not be able to afford routine operations..The right government and policies can deal with this but it will cost . We need to manage our own lives .. Understand income / expenditure and saving strategies.. Cut back on Starbucks and having the latest iPhone ..vanity
Reminded me of something that happened to me at school, heres the story: My school sold a very valuable asset in the mid 70s and decided to buy a computer (when computers needed a whole room), at assembly the headmaster gave a speech announcing the computer and saying what it could do, he said “In america they put in all the history data up to 1930 and asked the computer what happened next, it got it wrong, so they corrected it and asked about the next decade, this time it was better, so they repeated the process until they got to 1960 and asked about the 70s. This time the prediction was correct up until today (1975). Then they asked it about the future…” At this he went very grave and said that the computer output said that the world would end in 2035, and laughingly added that he wouldn’t be around to see it, but that we would… I always hated him for that, but as the date gets closer I am beginning to wonder.
Wow , yes I have listened, rewound a few times to google certain acronyms . I have often recently said I feel I am now living in a 3rd world country . I believe I understood the conversation . The best comment for me to survive today , which I have to some folks annoyance , banged my drum about is to be as self sufficient as you possibly can and teach yourself and children life skills, growing food , cooking, make do and mending stuff , sewing , change a plug etc etc etc. adapting to the circumstances. Sharing skills ( the old barter system) . So hearing the comment from Alex re grow your own food etc , I cheered. There is nothing scary about this video unless you have had your head in the clouds for a long time , it is reinforcing what many many folks have already been aware of . 😊 I feel it is very sad , we were such a great and proud country and to me it’s all gone downhill . Thank you both . Up to you Charlie if you put it on TH-cam, I personally would as it is better to be informed then one makes one’s own mind up . Forewarned is forearmed .
The problem is that most migrants to the UK come from the 3rd world and are in fact drawing out more from the system than they pay in tax revenue. If mass migration had been an economic benefit then there would be no need to raise the pension age in both the UK and France.
That’s not the data provided by HMRC. Immigrants in the tax year 18/19 contributed > £42.5Bn in tax than they received in support and that does not include the impact of their spending within the economy, or all of the other taxes (council, VAT, fuel etc.) that they were also paying. It is an easy fallacy that immigrants take more than they contribute because it enables native Brits to point the finger elsewhere.
incorrect - the net tax revenues from migration are positive migrationobservatory.ox.ac.uk/resources/briefings/the-fiscal-impact-of-immigration-in-the-uk/
@@MovingHomewithCharlie No you are incorrect, both Migration Watch AND the Guardian did separate deep dives into who paid what and migrants outside of the EU and the Anglo-Sphere were in fact net negative. If immigration was such a boost to public finances then we wouldn't see spiraling deficits and debt, and pensions being put out of reach of those (like me) who pay thousands in tax per month.
Great video, really informative and helping people to think and plan ahead. Totally agree it's better to prepare and have some more realistic opinions on what might be ahead rather than the Government's useless 'word salad'. Thanks as always, to Alex too, great conversation... more like this please : )
Fantastic conversation, more of this is required... in society in general... Maybe your channel (or an associated channel) could be a conduit for these types of discussions. As a late 30's father, it feels all too important to prepare for the future in the best way possible. Get Alex on camera next time! Great work chaps!
Thanks again Charlie, I have long been a proponent of “Hope for the Best, Prepare for the Worst” and as someone who follows geopolitics especially folks like Peter Zeihan, I’m absolutely on the same page here as Alex. There are no economic models that can prepare us for the demographic shifts that are coming alongside deglobalisation, and to rebuild a functioning welfare state in such circumstances, it requires a level of responsibility, competence and fortitude from our leaders that feels unrealistic to expect from the modern political class. Society will eventually emerge on the other side, but most Millennials and gen Xers are facing a lifetime of poverty unless they have been exceptionally successful.
I think you should show the video, Charlie. It is not depressing it is realistic. Too many people think the world owes them, not we owe the world. Live life in balance, not take take take. Life is too greedy.
great and straight to the point, concerning mind you but it defiantly highlights a huge problem! as a fifty year old disabled man who now cant work its a really scary future.
really interesting views. Very difficult as a parent passing on the best advice to your kids during these worrying times. BTW, i found the audio level a bit low. not sure if you could boost it in the editing software, but I was struggling to hear you Charlie.
Charlie, publish this video, so informative thank you, one of your best, your friend should have a you tube channel if he hasn't already! One comment, I struggled to hear you in places so if you could make your voices a little louder please
It's great to see two guys from a less 'afflicted' generation recognising that the policy of appeasing (propertied) voters through the illusory prosperity of ever-increasing house prices is ultimately a terrible idea.
A lot of financial companies and pension funds hold billions of government debt, so they would need to be looked after or they would go bust and millions of people lose money
This was a really great watch and I enjoyed the contributions from both of you. There is definitely a big and nasty catastrophe heading down the tracks at The West but it is exceptionally difficult to know what to do. The bickering idiots in Westminster are definitely going to be zero use at all.
My son is intending to move to Spain even in nice areas you can get a 3 bed apartment for around 120,000 euros, the average salary in Spain is 15,000 to 20,000 Brexit though has caused major damage to kids moving to cheaper countries.
Me and my wife bought our house last year at the top. I knew that it was going to go pear shaped. I don't think I will be able to retire in Britain. I am hoping that we can pay off the house and move to my wife's home country (Philippines). I am worried AI will take my job in 5 years. I need to pivot now, but can't take a hit in earnings either.
Best of luck weathering that situation. Hope you can stay put long enough to recover the position 👍 My fiancée is from the Philippines and we are also considering moving there too.
No need to pay much of the house off, you could live there for around £1k pcm. A state pension would cover that in retirement, could you earn online in the meantime?
The shocking reality is that presently have over 50% of workers are public sector and are paying into a pension scheme that falls short of paying for existing retirees. Who is going to pay their pension in the future?
@@davejohnston5158 I may have this wrong - don’t have time to check right now… but I think I remember seeing that public spending is c. 47% (very close to 50%), but that tax revenue was less than < 30% of GDP… 🤔
@@lonarg72 47% may be the official figure for 21/22. Who knows what 22/23 will bring with recruitment drives in the NHS and baby boom generation pension payments increasing?
The most thought provoking conversation I have listened too for years. Also quite entertaining. There were parts that reminded me of Derek and Clive 😁 But seriously I think this strikes a chord with anyone who has children, or indeed cares about the younger generation and future generations. It’s about preparing them. Global warming dominates our thoughts but we need to think about all of this other stuff just as much, if not more.
Really enjoyed it thank you. I do think we worry too much about our great great grandchildren who haven’t been born yet. Sorry my only concern is paying my bills and having enough food today. All we can do is make sure our children are fully prepared to join the fight. My worry is we are not doing this now. If they are not prepared to tackle the ongoing challenges ahead then our pensions won’t be getting paid.
I went out for a meal with my friend and brother the other day and we had exactly this conversation, we just thought that it was us getting older and becoming more cantankerous as we approach 40. The truth is this country has rested on its laurels, it hasn't made decisions with a long term view point and it hasn't been forward thinking or positive in its approach to sustained development. I think the solution is to change the electoral system to a PR system. this would shake up the political class, give voice to every section of society and give real reformers power in westminster. Just my opinion.
Enjoyed this. Dont think the laughing was distasteful in any way. Maybe an offshoot channel, where you chat with friends or experts about the future. Call it the Crystal Ball or something
Just listened. I have heard a lot of similar predictions and even sooner than 40 years. Even next two years operation sandman I think it's called.. What ever happens I agree with you both that being self sufficient being centred being optimistic and for me a spiritual underpinning .. I am glad to be prepared for the future..and in a way that's an oxymoron as I know nothing about the future. I am not phased by the video.. I liked bits of information and although we are from different lifestyles...my friends have similar conversations about how to manage turbulent times We are all older women just to add.
i am retired now ,and had to wait a year extra for my state pension wife will have to wait 7 years because of the government moving the goalposts, my kids have been able to buy their houses , i live in the North of England. you can keep London i would not live there if they paid me :} the state will collapse in the end ,but i probably wont see it . This will be the new weimar era , Hyper inflation will be a reality with the US 31 trillion debt Everest
I live in North Essex I am self employed and earn good money my 2000 sq foot house was £550,000 in 2020 in London that would be £1000,000, I expect in the North you stand a chance to get on, yes I agree you can keep London
@@stevo728822 thanks Steve , i did not know his location,just assumed a southern city or indeed the capital, from my own family experience ,my sister used to live in North London, went to visit her and her husband before they had kids,when they did, sold up and moved out to another place in the south of England, the prices of Property then was way above what i could ever afford , i need to have 10 jobs on a 500 year mortgage.
@@mrjohncharlesbrown i never saw the attraction of living there , to fast too noisy , i liked the centralised transport , like the tube , sister hated it and mainly used the buses in the city ,she worked in the square mile it was a different world entirely ,told me about some folks receiving the millions of pounds in bonuses ,who she knew .
Northern England, Wales, more affordable housing. I think most people can get a house if you work and don't spend in luxuries. On minimal wage! Of course work your extra hours if you have to! and before the Airbnb thing became too popular, some nowadays holiday hotspots (like Cornwall) were affordable too.
Inflation is just a tax on the people, especially now that allowances are being frozen and capital gains thresholds lowered. if you look at house prices in gold oz the price is at 1950's levels, the issue is being paid in depreciating currency that is worth less each year. If you got paid in Gold oz then there would be no issue, this current system is in systemic collapse.
What a very interesting, and somewhat illuminating conversation that was. I realise it doesn’t dwell on the optimistic outlook too much, but nevertheless, those that don’t look at both sides of the fence could potentially be left with a pie in the face.
The average price of a UK house in gold has fallen by 70% since 2005, but is still double what they were in the 1980s. If we are entering a 1970s-type stagflationary period with persistent negative real rates, or worse a banking/currency crisis, a good option is to save in gold and buy after house prices collapse and inflation drives gold sky-high. Don't panic, but plan ahead. The longer-term solution is not just fixing our monetary system, but improving our energy supply, onshoring industry and improving real productivity.
By the way I didn’t mind the laughter. When old mates get together and talk ‘crazy shit’ it is to be expected! In fact next time you should lean toward humour as this whole fiasco needs it! Great job looking forward to the next one.
Hey Charlie, really valuable content, great work. Im a first time buyer who is just starting to view. My question is, what is your process for determining whether a property is over or fairly priced? Thanks, Alex
Charlie will have a better answer than me I'm sure but I think it's going to depend on where you are buying. For instance the property market in London is like another country. I live in the South East and l monitor the prices in the area I wish to live very closely. I need to buy because where I live is unsuitable for my needs. You need to be patient. Research how long it's been on the market and what the seller paid for it in the first place. If they bought it from new and there is no data you can be sure they will more than likely own it outright so will negotiate or accept a lower offer. If the data shows the price they paid that is your guide. If they paid nearer what they are asking they are probably in great need to sell or want to get out of the market quick so won't drop that much at all. Having said that everyone will drop £10k if it's a first time buyer over someone in a chain, that's before all this trouble. You are in a unique position so DO play hard ball. Stick to your budget. Probate properties that need cosmetic updates are better for you than any new build/renovated property. I am talking about a home that has been looked after but every internal is dated. Some older properties may have solid wood kitchens which can be revamped easily, a lot of them have new wet rooms added. They are bargains you can do up slowly but are livable if you are prepared to get your hands dirty. If it's a London property I would want something in better shape as the costs involved in renovations there are off the scale and only a builder could make the sums add up. Buy a 3 bed not a 2 if you possibly can. I am seeing 3 beds houses for £300k, 2 beds for £250k, 2 bed flats are now £160k. Whatever you do get a parking space/garage. Or a house where it's possible to put off street parking later. Make sure the garden faces the right way. Get a semi if you can afford it. Must have rear access if not. I monitored a 2 bed detached bungalow with garage and multiple off street parking, ok condition on the market in October 22 for offers over £350k drop to £325 in November, £300k in January, then it sold. It may have gone for £290k I can't find out yet. You have to find several properties you like. Be prepared to let them go if the price is not right. There will always be another home and a better one if you keep looking and viewing. If a property is up for £375k I would start at £285k then bid up to £325k then if it's rejected walk away to another one and keep doing that. Of course if you are desperate to move the situation is different. Tell the agent this is my max offer if they won't accept it keep me in mind if something similar comes up. Most agents now will work on the seller's mentality instead of yours. Hope you find what you are looking for. Location IS number one, always will be.
Re. the "Culture" novels by Ian M. Banks, they had unlimited energy. It's no good having AIs and robots if you have no energy to run them. And what are we as a society doing right now? Making energy more expensive. The Culture would not be able to function on wind power.
Interestingly I think we expect too much from our modern life's. Although I own a home now, my childhood was happy because we have a council house, security, we had holidays each year and my parent stayed in that house for 50 years. Today with job insecurity, I have had to move multiple times which is unsettling and even today I still don't feel secure with a roof over my head as I did when I was younger. I also notice in life that some of the happiest people I know are the ones without much in the way of possessions and the people I know that are doing well always seem unsatisfied with life.
There is so much power in stories. Allan Watts said something like this: Nothing had actually changed pre-and post big US depression, still the same amount of people and resources but the financial story created poverty for mostly people who had noting to do with the creation of that story. Watts said it is like being sent home from a building site because they had run out of inches 😂 Change the story to adapt to the new conditions. The sun keeps shining us unconditionally 😊 A new system based on love rather than fear will allow us to live well on an abundant planet with amazing new technologies which allow us to share unconditionaly just like the sun keeps doing 💥
Banking greed and stupidity caused the 2007 crash here and in the USA by providing NINJA loans and self certified mortgages. Easy money lent indiscriminately was the cause of the sub-prime bubble with Hugh portfolios of these mortgages being sold between banks with inadequate due diligence. Too big to fail? Why be prudent when you can be rich?
This was fantastic, and brought together so many aspects of what is happening and potential problems for the future. Most of this I knew, but not the timescales and perspective of house prices . Really interesting about the GDP, and the smoke and mirrors. The value (or not), of money will wake up a lot of people. And to add about private pensions, I think they will be converted into dust. So for me it is total drawdown and physical precious metals the way to go ( even with the 20% tax hit), I think it is less of a gamble than leaving it with a pension fund that is relying on growth from commercial real estate that now has an a occupancy of less than 50%. I say publish the on TH-cam
It has always dumb founded me, the approach that councils and government have taken regarding defining rents over the last 20 years. Living in a London labour borough this has made it even more difficult to grasp. Over the last 20 years they have gone through large sections of public housing. Cleared it and guarded it sometimes for anything upto a decade whilst the horse trading goes on. Then these plots have been more or less handed off to developers like lend lease. These developers are “allowed” to develop on these former council estates. With the promise or suggestion that a certain reasonable percentage of the development would be set aside for social rent and fair rent accommodations. Of course this narrative. Over the almost generational span of these things, changes. By the time the developers have finished they start speaking of costs and over runs. They start to knock their promise of social housing to bits. In some cases this even results in “poor doors” where the social tenants are segregated from the private owners/tenants who have access to the gyms and other bells and whistles, installed in these developments. To attract the private market. In some cases these developments have separate entrances to the “social rent” sections. Hence the poor doors… These former plots of council housing also have penthouses at the top of most of the developments as well. The upshot of this mass transfer of social housing. Is that the social rent housing has dwindled. On one estate from 1500 social rent dwellings to about 20. I forget the exact figure. Im referring to the Heygate estate at elephant and castle. But even if I’m wrong and it was 200 social rent flats. There its still a loss of 1300 social rent dwellings replaced with commercial rent properties, and the addition of penthouses to drive up the average rent. The greed and short sightedness these councils seem to have displayed. Has been breath taking at times. Especially when you start to look at where these elected councillors end up in their careers... You wonder how they are allowed to get away with it! Well if the aim in the bigger picture besides filthy lucre. Is to constantly chase the GDP growth fantasy for short term political ends. Then manufacturing an inflation in average rents is key. If our GDP is padded out with imaginary numbers of how much home owners would pay in rent if they were tenants lol!?! Then the strategy of destroying social housing. Inflating average rents. Having former council estates with penthouses atop, and throwing 2 or 3 generations under the bus makes perfect sense.
Great video, the content comes as no surprise to those who have their ear to the ground for a while. I never had kids because I knew where we were headed. Most people don’t (want to) realise. Great content, please don’t be so guarded about this vid, the truth hurts but the longer people remain deluded, the worse it will be.
Thoughtful and thought provoking stuff! Thanks. We could probably do with a little less singing and dancing shows on the mainstream media and you two doing a weekly show!
OK - More than 100 of you have commented positively and persuaded me to publish this video. If you're coming straight here, PLEASE watch this shorter video first, which is preamble to this: th-cam.com/video/eu_CHkkhopY/w-d-xo.html
Charlie - would you consider the other side of this? I try to understand both sides of all debates. If you would be interested in hosting a guest via Zoom and putting up a video showing the exact opposite side of the debate I'd be truly happy to show the other side of this. And yes, there certainly is another side of this.
If you would like me to put it together as a respectful sounding video you could simply upload to your channel I'd be glad to make the video if you will upload it to your channel. It wouldn't contain any bad language, any mocking or any disrespect. Just cold hard facts about why this "disaster" may actually be the exact opposite of what it currently seems. I could also provide easy guidance on how your viewers can protect themselves from this changing world scene
Can’t see why you were so worried about the conversation Charlie we need more of this type of chats👍
The beauty of this conversation is it will connect and act as a wake up call to the middle classes. The poor are used to being poor and the rich wont be affected. I’m sharing far and wide (sorry Charlie)
Loved this! One of the best thing that came out of the conversation was when you were both talking about learing the basic life skills that all too many have left behind, growing your own vegatable, understanding basic mechanics, real ahnds on skills that are priceless. Thank you both for provding such an engaging and balanced video.
Good for I'm glad you decided to publish publicly Charlie.... your discussion with your friend reflects the conversations between older sensible experienced people up and down the country of a certain age, We are facing a financial catastrophe unfolding from not just recent events but were triggered from the 1970s when the Dollar was taken of the gold standard, joint incomes were allowed to chase house prices even faster upwards, credit cards, printing more and more money, mindless consumerism, the collapse of our manufacturing industries which generated real wealth, I'm of age I have witnessed all of these things, and I'm afraid for the young people in our country, a lack of skilled apprenticeships, and far too many university degrees which are worthless subjects, the cream of brightest young people the 10% academically gifted young people should have free university education, and the rests should be trained in the valuable skills we need to build our manufacturing base
Too many old people s the dilemma.
Birth rate down 20% in 12 years.
Huge numbers retiring over the next 15 years.
I think we have to have more of this type of content.
I really loved this
This is a really strange video for me to see as I feel like I've been moving away from this perspective over the last 3 years while house prices have increased. The market crash was predicted years ago as well as banks kicking the can down the road. Meanwhile I've moved away from that and have been sacrificing a lot to save for my deposit. So it's sort of painful for me to listen to this, because I haven't been happy living where I am but I've been holding out, so I could eventually buy and live in my own place. I'm glad that you've said this, but as a young person, I feel pretty hopeless about the UK after sacrificing and saving. But at least I've hedged my bets.
Good luck Janice. Hope you find a place when prices drop.
@@bennybenoit754 thank you, I wish you all the best too!
Great talk chaps, please do this on a regular basis. This all reminds me of a MiT study from the 70s that predicts global society collapse around 2040. EDIT: I managed to find the study if anyone is interested: it's called the "Limits to Growth" study, which was a seminal work published by the Club of Rome in 1972. The study used computer modeling to examine the interactions between the world's growing population, increasing industrialisation, depletion of natural resources, and degradation of the environment. The study's findings suggested that, unless certain changes were made, the world's economic and social systems would face severe disruptions in the mid-21st century, with a collapse of the global system possible by the 2040s. While the study has been highly influential and sparked important discussions, it has also been criticised for its methodology and predictions.
@@change2023now yes, they want us mere mortals gone. Hence the push for the UN Agenda 2030/WEF, climate h0ax, endless wars, CBDC, digital ID. One of the WEFs moto is ‘it is 2030, you will own nothing and be happy’!
This is an amazing conversation, you need Alex as a regular guest.
People like myself on a single income are battered ... my choice not to be married has left me struggling...I'm a professional and therefore ineligibke for any help whatsoever. Running a home is very difficult when you're single...
Shit happens.
Man up.
Eye opener conversation.
This type of conversation is needed to inform young generation.
Thanks
My husband and I thoroughly enjoyed this one; more like this please Charlie. We were considering whether or not to move back to the UK!!
A fascinating discussion. I don't disagree with any of it.
To reflect on my own experiences, I've been self employed since 2009, and since that point put any money we had into our business. Moved from Scotland to Devon and did well and then did badly. Covid largely crippled us and post covid noticed a survivalist mentality start to emerge where no one paid anything out unless they absolutely had to. We became increasingly disillusioned with the prospect of a future in the UK, and made the decision in Jan 2020 to move to Sweden. This was much delayed due to covid and finally happened in July last year.
Life feels very different here. We live in a large village, in an underpopulated part of the South East. People are more optimistic, services are far better funded (my older daughter is at school in a class of 13, which is totally normal) and owning a house is a realistic prospect for anyone on any income, with £300-400 a square metre pretty standard for a detached property.
My feeling about the UK now is that if you are in a fortunate enough position to already have money, or being in a very high paying job, then it is a country that can work for you. If you are low or middle earning, then it is already a struggle and it will only get worse. With the lack of manufacturing (something that's starkly apparent if you spend any time in the rest of Northern Europe), lack of public services, increasingly high tax burden and unaffordable and low quality housing, the future seems bleak.
WOW! What a profound conversation! First of all I’d like to say thank you Charlie for all your amazing content so far. I’ve been following you since 2022 and appreciate all the support and integrity you convey to help people. God bless you and your family 💚💚💚💚
As for the conversation, thank you both for an informative video. People need to see this!
It was intriguing to hear you mention so many topics for discussion and some big names mentioned; a few rabbit holes people can go down to research. Follow the money is one, as to why we are in this mess today!
I think the fiat currency will disappear soon and we will go back to the gold standard once again. Have you heard of BRICS?
Fantastic conversation could've listen for hours and hours more. Charlie please do more of those with people like Alex. Brilliant
Thanks for this, fantastic conversation. I think people are starting to wake up regarding the increasing wealth inequality. The way things are going training your kids to score well for emigration is the way to go.
5% of people have 48% of wealth.
Charlie, here is my feedback on this video.
The conversation I heard in this video is the conversation that should be taking place in every house, pub, office, hospital waiting room, secondary school and university.
The video is a pragmatic, realistic view of our potential future. None of it is inevitable, and there are plenty of world events that could change everything very quickly, but some or all of it could.
What is needed is for this conversation to be happening in the mainstream media. It is a failing of the political/media to shield the public from this.
I understand your reluctance to post this video, but I am glad you chose to. I always hope for the best, but I also want to prepare for the worst.
Please make this available to more people. The conversation needs to go mainstream.
For reference, I consider myself of average general intelligence (Maths, English, Street Smarts) with little to no investment experience.
I hope you will bring your friend back. He's brilliant! He did give a lot of his time, so I hope he will consider a return again.
Charlie, I suffer from depression, but this conversation has in no way made me feel low. It's two friends having a discussion about real life and world events, that should be shared with everyone. It was certainly not all doom and gloom, the humour was indicative of people feeling uncomfortable with the topic under discussion, which is basic human nature to laugh at something that's seemingly unbelievable or incomprehensible, so don't feel bad about being light hearted in parts of your discussion.
I can see where the woke, overly sensitive, left would easily find this conversation to be offensive. Well, they need a kick up the arse end and need to wake up to the harsh realities of life and what's potentially coming down the road. If they don't like it, they can crawl into their 'safe space' - a large cardboard box will suffice - and whimper.
Everybody needs to hear this chat, especially our elitist, university educated, leadership. Why oh why they can't see that short - termism is screwing this country and sort it by agreeing to implement policies for the better of the long term future of this country is beyond me. Selfish, stupid and with heads stuck firmly in the sand is a picture that comes to mind with our leadership!
I also found it interesting to hear about the digital currency and writing off the national debts of all country's. It's been my view that a Global IVA, allowing every country to start again, learning from past mistakes and investing in that long term plan for the best interests of the country, can only be a good thing. The only proble with that is, selfishness and greed will naturally take over and we'll be in the same situation again in another 50-100 years.
I also travelled through the USA a few years ago and the poverty is there, right in your face. I stayed with a fair few Americans and a common theme of conversations they started, was to mention they were rapidly approaching their next civil war, due to the huge differences between the Haves and the Have Nots.
We need more of this truth being spoken. The trouble is, if you do speak out against all this woke led dictatorship from the left, you're immediately put under threat of losing your job or having a criminal conviction for speaking out against them. Freedom of speech in the UK is something that's not truly existed for a number of years now!
Fascinating conversation, enjoyed this so much … a real eye opener! Thank you
I'd pay a monthly patreon fee for more of these talks. Very important.
Someone has to say something, so good on you for publishing this interview. It will be hard listening for some, but then we have some really big difficult decisions to make as a society in the coming decade and beyond (some we know, some we dont). its better if people understand some of these ahead of time now before hands and minds are forced to deal with it.
16:40 "Money isn't real" - Correct and for those viewers who are confused consider this: If you go to a bank for a £200,000 mortgage you may believe that in order to lend you that money, the bank must therefore have £200,000 at its disposal. This is not true. The bank creates that money out of thin air. Before that moment the £200,000 never existed. You have to 'repay' this amount that never existed with interest as well. How cheated do you feel ?!?! Modern worldwide currencies, whether it's the UK £, the US $, the European €, are backed by nothing. The whole world money system is a Ponzi scheme which is falling apart.
Should have read this before I posted! 🙂
Thank you for posting this, keep up the good work Charlie !
3k a yr is not “peanuts” as mentioned in the stream. If untaxed it amounts to an extra £250 a month.
If the 150k pension was invested in money market funds today it would return 7k a yr.
You should make chats with this guy a regular thing, very interesting
Fantastic episode!!! Massively insightful.More like this please.
(Do some more on the topics you both said 'thats for another episode'?)
Thank you Charlie and Alex for this very interesting, intelligent and thought provoking chat. No need to worry Charlie with your considerate concerns with regards to this enlightening and profound topic. If you're able to do so, its always better to be aware and prepared of potential threats then to live in denial should the worst case scenario ever materialise, lets hope the future is bright and positive for all 🙂
precisely what Ive been thinking for a while, glad i'm not the only one, although i fear 5 or 6 years from now not 20, nearly ran out of water last summer as it didnt rain for 4 months , with water company sending out texts warning of 'low pressure' , whats a house worth without a reliable water supply charlie?
Alex the Realist. 👍🏾What a great friend you have there Charlie. No way was I not going to watch!!
This confirmed a lot of what hubby and I already knew, thanks for sharing.
That's actually a really interesting conversation. Nothing that many couldn't predict based upon what we know.
Fascinating conversation. This is your best video yet.
J.P Morgan "gold is money, everything else is credit"
My 1973 Rolls Royce Corniche cost £14,750 I have the invoice..... the equivalent today would be £300,000 .....in 1973 a second hand average starter house would be around £5000 something is seriously wrong with house prices
A charmed life indeed 👍
I bought my first house at the end of 2006 aged 25 with a 5% mortgage, which got me into about £40k of negative equity buy 2009 when I needed to move for work, it was only in 2016 I sold it for what I bought it for so £0 profit... though I had spend £20k doing it up so really was still down by £20k... now 42 saved up another £30k looking to buy and start a mortgage in my 40s I earn a very good wage so not sure how everyone else is coping.
If 25 at the end of 2006,it is impossible to be 42 now.
Born 26th Nov 1980, so ok I turned 26 not long after I bought my house which was at the start of October but I think you forgot how long ago 2006 was.
CBDC’s Oh man! If you think that is the answer we are doomed!! Do you realise that most CBDC’s are built on Ethereum which has a fragile and centralised infrastructure? The core group of developers have routinely changed the underlying code against the wishes of the community who have a deeper understanding of what is going on. Yes, we need a new financial system, but be careful of the solution that you are advocating. With CBDC’s you have programmable money that can be switched on and switched off depending on encoded parameters. Think of a government that gives you an allowance for the week and if you don’t spend it, you then lose it the following week when the digital wallet is reset! True monetary freedom and property rights rely on a sound money that no one controls. This is an incredibly important nuance and people NEED to be talking about it more.
Oh I’m well aware of the very deep dark and scary downsides. Personally I don’t believe that CBDCs will be built on blockchain, it’s far too structurally slow and inefficient, and not needed. I’m in no way an advocate however, what alternative do we have with a global financial system that’s $303Tr in debt?!? That’s $38K for every man woman and child on earth - when the average global salary - for those who work - is
Highly illuminating, if slightly depressing chat. The alarm bells are ringing everywhere now, it’s impossible not to see it. It’s not the end of the world but we are going through a period of change where the old systems of finance & industry used to organise human activity no longer work adequately. Definitely make this public. If it makes a small difference and only reaches a few people it may have a dramatic effect “for the better” on their calculus for the future. Keep fighting the good fight.
Really insightful and interesting conversation. Well worth watching. Thank you!
We are already in the situation you talk about with regards to the NHS, I have said to my Mum (81) that she can’t rely on the NHS and that if she needs an operation she is going to have to use her savings and pay. I believe the NHS will collapse and we will end up with a system similar to the USA before too long,
Anecdotally, most people I know have had excellent care from the NHS despite the collapse headlines. Don't disagree wiith the intention of the Tories to run it into the ground and replace with a US style dystopian system
I agree that the care, once you can get it, is generally very good. The issue is that with the combination of the pandemic and immigration the system can’t cope and wait lists are unacceptable. At 81 I wouldn’t want my Mum to have to wait for years in pain for a hip or knee replacement. I would rather she spent what little savings she has to be treated within a reasonable time frame. It shouldn’t be this way, but it is. I bet that if you asked staff on the ground they could come up with a multitude of ways in which the NHS could save money and be improved. In the meantime those of us that can afford to are turning more and more to ad hoc private appointments.
It isn't
I found this very interesting. I can understand totally why Charlie was nervous. My son 23, has been telling me stuff on the same theme for years. It sounds more than plausible. It will be blamed on greed and the worst of humanity, being privileged and in control brought on by incredulous wealth.
Its not going to end well.
Reminds me of the Terminator films.
There are some amazingly good people on this world.
I wish they were in all the many governments.
This is brilliant please can you both do an update for May 2024? Pretty please?
That was an amazing conversation. I was wondering if anybody would ever bring up the idea of a debt jubilee - since that is absolutely essential as time moves forward. Everyone needs to hear this..
One of your best - brilliant and a crystal clear outlook wrt the uncertainty that lies ahead. It enables individuals to think, plan for the worse but hope for the best. Share with all your viewers.
Having watched this video on 6th February 2023... The overall mood left after watching is one of doom and gloom... People should save what they can and if they have 150/200k pension pot , it's better than nothing and if well invested can provide decent returns over the longer terms...Current house prices alienate many youth and leave to a feeling of no hope.... Property prices need to correct between 40-50% in REAL TERMS ... This is possible once the weed smoking sellers get real about prices.. begrudgingly they will have to. Interest rates need to Stay at 3_5%.. and No more f'ing quantitive easing and assisted purchase schemes which builders have pocketed !!! People need to make decisions to either accept more tax to retain NHS or move to a 2 or 3 tier health system where many will not be able to afford routine operations..The right government and policies can deal with this but it will cost .
We need to manage our own lives ..
Understand income / expenditure and saving strategies.. Cut back on Starbucks and having the latest iPhone ..vanity
Great chat, analysis and humble down to earth self-criticism!
This was a great conversation. Many things to think about, cry about and laugh about. Many thanks to Charlie and Alex.
Your mate should become a regular feature, knowledge and the golden voice. 👍😁
Reminded me of something that happened to me at school, heres the story:
My school sold a very valuable asset in the mid 70s and decided to buy a computer (when computers needed a whole room), at assembly the headmaster gave a speech announcing the computer and saying what it could do, he said “In america they put in all the history data up to 1930 and asked the computer what happened next, it got it wrong, so they corrected it and asked about the next decade, this time it was better, so they repeated the process until they got to 1960 and asked about the 70s. This time the prediction was correct up until today (1975). Then they asked it about the future…”
At this he went very grave and said that the computer output said that the world would end in 2035, and laughingly added that he wouldn’t be around to see it, but that we would…
I always hated him for that, but as the date gets closer I am beginning to wonder.
upside was that I got to learn how to program in fortran at school unlike many 63 year olds
Wow , yes I have listened, rewound a few times to google certain acronyms . I have often recently said I feel I am now living in a 3rd world country . I believe I understood the conversation . The best comment for me to survive today , which I have to some folks annoyance , banged my drum about is to be as self sufficient as you possibly can and teach yourself and children life skills, growing food , cooking, make do and mending stuff , sewing , change a plug etc etc etc. adapting to the circumstances. Sharing skills ( the old barter system) .
So hearing the comment from Alex re grow your own food etc , I cheered.
There is nothing scary about this video unless you have had your head in the clouds for a long time , it is reinforcing what many many folks have already been aware of . 😊
I feel it is very sad , we were such a great and proud country and to me it’s all gone downhill .
Thank you both . Up to you Charlie if you put it on TH-cam, I personally would as it is better to be informed then one makes one’s own mind up .
Forewarned is forearmed .
The problem is that most migrants to the UK come from the 3rd world and are in fact drawing out more from the system than they pay in tax revenue. If mass migration had been an economic benefit then there would be no need to raise the pension age in both the UK and France.
That’s not the data provided by HMRC. Immigrants in the tax year 18/19 contributed > £42.5Bn in tax than they received in support and that does not include the impact of their spending within the economy, or all of the other taxes (council, VAT, fuel etc.) that they were also paying. It is an easy fallacy that immigrants take more than they contribute because it enables native Brits to point the finger elsewhere.
incorrect - the net tax revenues from migration are positive migrationobservatory.ox.ac.uk/resources/briefings/the-fiscal-impact-of-immigration-in-the-uk/
@@MovingHomewithCharlie No you are incorrect, both Migration Watch AND the Guardian did separate deep dives into who paid what and migrants outside of the EU and the Anglo-Sphere were in fact net negative. If immigration was such a boost to public finances then we wouldn't see spiraling deficits and debt, and pensions being put out of reach of those (like me) who pay thousands in tax per month.
Really Interesting Chat! Love it! Not all doom n gloom! Yes Charlie that sun will still rise whether we R here or Not!😁🌞
Yes indeed
Alex is so good.
THANK you Charlie and alax I really enjoyed it and it was making a lot of sence ,,
Great video, really informative and helping people to think and plan ahead. Totally agree it's better to prepare and have some more realistic opinions on what might be ahead rather than the Government's useless 'word salad'. Thanks as always, to Alex too, great conversation... more like this please : )
Fantastic conversation, more of this is required... in society in general... Maybe your channel (or an associated channel) could be a conduit for these types of discussions. As a late 30's father, it feels all too important to prepare for the future in the best way possible. Get Alex on camera next time! Great work chaps!
Thanks again Charlie, I have long been a proponent of “Hope for the Best, Prepare for the Worst” and as someone who follows geopolitics especially folks like Peter Zeihan, I’m absolutely on the same page here as Alex.
There are no economic models that can prepare us for the demographic shifts that are coming alongside deglobalisation, and to rebuild a functioning welfare state in such circumstances, it requires a level of responsibility, competence and fortitude from our leaders that feels unrealistic to expect from the modern political class.
Society will eventually emerge on the other side, but most Millennials and gen Xers are facing a lifetime of poverty unless they have been exceptionally successful.
I think you should show the video, Charlie. It is not depressing it is realistic. Too many people think the world owes them, not we owe the world. Live life in balance, not take take take. Life is too greedy.
great and straight to the point, concerning mind you but it defiantly highlights a huge problem! as a fifty year old disabled man who now cant work its a really scary future.
really interesting views. Very difficult as a parent passing on the best advice to your kids during these worrying times.
BTW, i found the audio level a bit low. not sure if you could boost it in the editing software, but I was struggling to hear you Charlie.
Charlie, publish this video, so informative thank you, one of your best, your friend should have a you tube channel if he hasn't already! One comment, I struggled to hear you in places so if you could make your voices a little louder please
It's great to see two guys from a less 'afflicted' generation recognising that the policy of appeasing (propertied) voters through the illusory prosperity of ever-increasing house prices is ultimately a terrible idea.
A lot of financial companies and pension funds hold billions of government debt, so they would need to be looked after or they would go bust and millions of people lose money
This was a really great watch and I enjoyed the contributions from both of you. There is definitely a big and nasty catastrophe heading down the tracks at The West but it is exceptionally difficult to know what to do. The bickering idiots in Westminster are definitely going to be zero use at all.
My son is intending to move to Spain even in nice areas you can get a 3 bed apartment for around 120,000 euros, the average salary in Spain is 15,000 to 20,000 Brexit though has caused major damage to kids moving to cheaper countries.
Great conversation,thank you. 👏 👏 👏
Me and my wife bought our house last year at the top. I knew that it was going to go pear shaped. I don't think I will be able to retire in Britain. I am hoping that we can pay off the house and move to my wife's home country (Philippines).
I am worried AI will take my job in 5 years. I need to pivot now, but can't take a hit in earnings either.
Best of luck weathering that situation. Hope you can stay put long enough to recover the position 👍 My fiancée is from the Philippines and we are also considering moving there too.
No need to pay much of the house off, you could live there for around £1k pcm. A state pension would cover that in retirement, could you earn online in the meantime?
The shocking reality is that presently have over 50% of workers are public sector and are paying into a pension scheme that falls short of paying for existing retirees. Who is going to pay their pension in the future?
I’m not saying that it’s not still a problem, but I think public sector workers make up less than 18% of the total UK workforce.
Of the 31 million workers only 6 million are public sector.
So 19%, not 50%.
@@stephfoxwell4620 Sorry, i'm mixing my absurd statistics. Public spending is over 50% of UK gdp which is a bit startling in its own right.
@@davejohnston5158 I may have this wrong - don’t have time to check right now… but I think I remember seeing that public spending is c. 47% (very close to 50%), but that tax revenue was less than < 30% of GDP… 🤔
@@lonarg72 47% may be the official figure for 21/22. Who knows what 22/23 will bring with recruitment drives in the NHS and baby boom generation pension payments increasing?
Alex has a fantastic voice, reminds me of Richard Attlee’s voice who plays Kenton in The Archers. Sorry, random comment.
The most thought provoking conversation I have listened too for years. Also quite entertaining. There were parts that reminded me of Derek and Clive 😁
But seriously I think this strikes a chord with anyone who has children, or indeed cares about the younger generation and future generations. It’s about preparing them. Global warming dominates our thoughts but we need to think about all of this other stuff just as much, if not more.
Really enjoyed it thank you. I do think we worry too much about our great great grandchildren who haven’t been born yet. Sorry my only concern is paying my bills and having enough food today. All we can do is make sure our children are fully prepared to join the fight. My worry is we are not doing this now. If they are not prepared to tackle the ongoing challenges ahead then our pensions won’t be getting paid.
Thanks Charlie. This needs to be published!
I went out for a meal with my friend and brother the other day and we had exactly this conversation, we just thought that it was us getting older and becoming more cantankerous as we approach 40. The truth is this country has rested on its laurels, it hasn't made decisions with a long term view point and it hasn't been forward thinking or positive in its approach to sustained development. I think the solution is to change the electoral system to a PR system. this would shake up the political class, give voice to every section of society and give real reformers power in westminster. Just my opinion.
We have discussed all of this over the years, so comforting to realise we are not alone!
such an important conversation
Enjoyed this. Dont think the laughing was distasteful in any way. Maybe an offshoot channel, where you chat with friends or experts about the future. Call it the Crystal Ball or something
Just listened.
I have heard a lot of similar predictions and even sooner than 40 years. Even next two years operation sandman I think it's called..
What ever happens I agree with you both that being self sufficient being centred being optimistic and for me a spiritual underpinning ..
I am glad to be prepared for the future..and in a way that's an oxymoron as I know nothing about the future.
I am not phased by the video..
I liked bits of information and although we are from different lifestyles...my friends have similar conversations about how to manage turbulent times
We are all older women just to add.
i am retired now ,and had to wait a year extra for my state pension wife will have to wait 7 years because of the government moving the goalposts, my kids have been able to buy their houses , i live in the North of England. you can keep London i would not live there if they paid me :} the state will collapse in the end ,but i probably wont see it .
This will be the new weimar era , Hyper inflation will be a reality with the US 31 trillion debt Everest
Charlie lives in Devon.
I live in North Essex I am self employed and earn good money my 2000 sq foot house was £550,000 in 2020 in London that would be £1000,000, I expect in the North you stand a chance to get on, yes I agree you can keep London
@@stevo728822 thanks Steve , i did not know his location,just assumed a southern city or indeed the capital, from my own family experience ,my sister used to live in North London, went to visit her and her husband before they had kids,when they did, sold up and moved out to another place in the south of England, the prices of Property then was way above what i could ever afford , i need to have 10 jobs on a 500 year mortgage.
@@mrjohncharlesbrown i never saw the attraction of living there , to fast too noisy , i liked the centralised transport , like the tube , sister hated it and mainly used the buses in the city ,she worked in the square mile it was a different world entirely ,told me about some folks receiving the millions of pounds in bonuses ,who she knew .
Northern England, Wales, more affordable housing. I think most people can get a house if you work and don't spend in luxuries. On minimal wage! Of course work your extra hours if you have to! and before the Airbnb thing became too popular, some nowadays holiday hotspots (like Cornwall) were affordable too.
Inflation is just a tax on the people, especially now that allowances are being frozen and capital gains thresholds lowered. if you look at house prices in gold oz the price is at 1950's levels, the issue is being paid in depreciating currency that is worth less each year. If you got paid in Gold oz then there would be no issue, this current system is in systemic collapse.
What a very interesting, and somewhat illuminating conversation that was. I realise it doesn’t dwell on the optimistic outlook too much, but nevertheless, those that don’t look at both sides of the fence could potentially be left with a pie in the face.
The average price of a UK house in gold has fallen by 70% since 2005, but is still double what they were in the 1980s. If we are entering a 1970s-type stagflationary period with persistent negative real rates, or worse a banking/currency crisis, a good option is to save in gold and buy after house prices collapse and inflation drives gold sky-high. Don't panic, but plan ahead. The longer-term solution is not just fixing our monetary system, but improving our energy supply, onshoring industry and improving real productivity.
House price has fallen in only nine years since 1945.
However they have doubled more than seven times. A 14,000% rise.
By the way I didn’t mind the laughter. When old mates get together and talk ‘crazy shit’ it is to be expected! In fact next time you should lean toward humour as this whole fiasco needs it! Great job looking forward to the next one.
Hey Charlie, really valuable content, great work. Im a first time buyer who is just starting to view. My question is, what is your process for determining whether a property is over or fairly priced? Thanks, Alex
Charlie will have a better answer than me I'm sure but I think it's going to depend on where you are buying. For instance the property market in London is like another country. I live in the South East and l monitor the prices in the area I wish to live very closely. I need to buy because where I live is unsuitable for my needs. You need to be patient. Research how long it's been on the market and what the seller paid for it in the first place. If they bought it from new and there is no data you can be sure they will more than likely own it outright so will negotiate or accept a lower offer. If the data shows the price they paid that is your guide. If they paid nearer what they are asking they are probably in great need to sell or want to get out of the market quick so won't drop that much at all. Having said that everyone will drop £10k if it's a first time buyer over someone in a chain, that's before all this trouble. You are in a unique position so DO play hard ball. Stick to your budget.
Probate properties that need cosmetic updates are better for you than any new build/renovated property. I am talking about a home that has been looked after but every internal is dated. Some older properties may have solid wood kitchens which can be revamped easily, a lot of them have new wet rooms added. They are bargains you can do up slowly but are livable if you are prepared to get your hands dirty. If it's a London property I would want something in better shape as the costs involved in renovations there are off the scale and only a builder could make the sums add up. Buy a 3 bed not a 2 if you possibly can. I am seeing 3 beds houses for £300k, 2 beds for £250k, 2 bed flats are now £160k. Whatever you do get a parking space/garage. Or a house where it's possible to put off street parking later. Make sure the garden faces the right way. Get a semi if you can afford it. Must have rear access if not. I monitored a 2 bed detached bungalow with garage and multiple off street parking, ok condition on the market in October 22 for offers over £350k drop to £325 in November, £300k in January, then it sold. It may have gone for £290k I can't find out yet. You have to find several properties you like. Be prepared to let them go if the price is not right. There will always be another home and a better one if you keep looking and viewing. If a property is up for £375k I would start at £285k then bid up to £325k then if it's rejected walk away to another one and keep doing that. Of course if you are desperate to move the situation is different. Tell the agent this is my max offer if they won't accept it keep me in mind if something similar comes up. Most agents now will work on the seller's mentality instead of yours. Hope you find what you are looking for. Location IS number one, always will be.
Re. the "Culture" novels by Ian M. Banks, they had unlimited energy. It's no good having AIs and robots if you have no energy to run them. And what are we as a society doing right now? Making energy more expensive. The Culture would not be able to function on wind power.
Nuclear all the way!!! 😉
10:41
If it has been looming for decades, would you be interested in learning why it hasn't happened?
2 letters will provide part of the answer - Q.E.
@@truth.speaker ever increasing government borrowing in western countries
At what point would you move countries. How bad would it have to get for you Charlie ?
Interestingly I think we expect too much from our modern life's. Although I own a home now, my childhood was happy because we have a council house, security, we had holidays each year and my parent stayed in that house for 50 years. Today with job insecurity, I have had to move multiple times which is unsettling and even today I still don't feel secure with a roof over my head as I did when I was younger. I also notice in life that some of the happiest people I know are the ones without much in the way of possessions and the people I know that are doing well always seem unsatisfied with life.
There is so much power in stories.
Allan Watts said something like this:
Nothing had actually changed pre-and post big US depression, still the same amount of people and resources but the financial story created poverty for mostly people who had noting to do with the creation of that story.
Watts said it is like being sent home from a building site because they had run out of inches 😂
Change the story to adapt to the new conditions.
The sun keeps shining us unconditionally 😊
A new system based on love rather than fear will allow us to live well on an abundant planet with amazing new technologies which allow us to share unconditionaly just like the sun keeps doing 💥
Thank you Charlie for the video it's very eye opening
Banking greed and stupidity caused the 2007 crash here and in the USA by providing NINJA loans and self certified mortgages. Easy money lent indiscriminately was the cause of the sub-prime bubble with Hugh portfolios of these mortgages being sold between banks with inadequate due diligence. Too big to fail? Why be prudent when you can be rich?
What a cheerful convo. 😂 I’ve got similar analysis. And no, it’s not negative. It’s called being realistic
But it popped up on my TH-cam app? 11 month old video. It WAS published.
in the end...!
This was fantastic, and brought together so many aspects of what is happening and potential problems for the future. Most of this I knew, but not the timescales and perspective of house prices . Really interesting about the GDP, and the smoke and mirrors. The value (or not), of money will wake up a lot of people. And to add about private pensions, I think they will be converted into dust. So for me it is total drawdown and physical precious metals the way to go ( even with the 20% tax hit), I think it is less of a gamble than leaving it with a pension fund that is relying on growth from commercial real estate that now has an a occupancy of less than 50%. I say publish the on TH-cam
I am just starting watching this. I hope you consider that people should buy gold for protection?
You won’t be disappointed. ‘Gold and rare earth metals’. I believe I said lol
Silver, even better!
It has always dumb founded me, the approach that councils and government have taken regarding defining rents over the last 20 years. Living in a London labour borough this has made it even more difficult to grasp.
Over the last 20 years they have gone through large sections of public housing. Cleared it and guarded it sometimes for anything upto a decade whilst the horse trading goes on.
Then these plots have been more or less handed off to developers like lend lease. These developers are “allowed” to develop on these former council estates. With the promise or suggestion that a certain reasonable percentage of the development would be set aside for social rent and fair rent accommodations.
Of course this narrative. Over the almost generational span of these things, changes. By the time the developers have finished they start speaking of costs and over runs. They start to knock their promise of social housing to bits.
In some cases this even results in “poor doors” where the social tenants are segregated from the private owners/tenants who have access to the gyms and other bells and whistles, installed in these developments. To attract the private market. In some cases these developments have separate entrances to the “social rent” sections. Hence the poor doors…
These former plots of council housing also have penthouses at the top of most of the developments as well.
The upshot of this mass transfer of social housing. Is that the social rent housing has dwindled. On one estate from 1500 social rent dwellings to about 20. I forget the exact figure. Im referring to the Heygate estate at elephant and castle. But even if I’m wrong and it was 200 social rent flats. There its still a loss of 1300 social rent dwellings replaced with commercial rent properties, and the addition of penthouses to drive up the average rent.
The greed and short sightedness these councils seem to have displayed. Has been breath taking at times. Especially when you start to look at where these elected councillors end up in their careers...
You wonder how they are allowed to get away with it!
Well if the aim in the bigger picture besides filthy lucre. Is to constantly chase the GDP growth fantasy for short term political ends. Then manufacturing an inflation in average rents is key.
If our GDP is padded out with imaginary numbers of how much home owners would pay in rent if they were tenants lol!?!
Then the strategy of destroying social housing. Inflating average rents. Having former council estates with penthouses atop, and throwing 2 or 3 generations under the bus makes perfect sense.
Excellent and truthful analysis.
01:45 - "fortified communities"... it sounds like Charlie and Alex see a Mad Max version of the world on the horizon
Great video, the content comes as no surprise to those who have their ear to the ground for a while.
I never had kids because I knew where we were headed.
Most people don’t (want to) realise. Great content, please don’t be so guarded about this vid, the truth hurts but the longer people remain deluded, the worse it will be.
No kids? Oh dear, who is going to take care of you in your dotage?
No thanks!
Wow this is mind boggling
BRILLIANT 👍
Really enjoyed this, hope lots more will watch it. Think it’s good you were laughing Charlie as pretty bloody depressing otherwise 😂
Thoughtful and thought provoking stuff! Thanks. We could probably do with a little less singing and dancing shows on the mainstream media and you two doing a weekly show!
gold and silver maybe best insurance
However, bad it gets there is always an option. One could go for geo-location. Simply migrate to a safe low cost country.
Southern Asia👍