Thank you Tim. Another brilliant video.

Great video. Really clear explanation.

Centralised monopolistic price fixing ( base rate) and money counterfitting.

What happens when interest rates go negative (as happened in Japan)?

Well done.

Would be great for an update.

thanks

He is explicitly saying that the Bank of England does not belong to the English people. Belongs to... Well I think you know who owns the Bank

I don't understand "sets interest rates". Surely if I am a Bank or Financial Institution and I want to attract more money I just put up my interest rates. What has that got to do with the Bank of England "setting interest rates" If we are in a free market surely everyone is free to set their own interest rates. What has the Bank of England pronouncing interest rates got to do with this?

@Liam-vx8vn

2 жыл бұрын

We aren’t in a free market, that’s the point. Central baking IS a socialist policy. Read the communist manifesto and there is a list of 10 policies that Marx says is what will be needed to implement socialism. One of them is Centralised control of the money supply and credit. For the interest rate you’re talking about, high interest rates slow economic growth causing a recession, low interest rates increase lending which leads to higher growth but adds to the overall debt burden within the overall market.

@kayleigh8582

Жыл бұрын

I think he means for example if you have a credit card and they keep rising interest… then u can transfer the balance to a credit card with the bank and the interest is lower and it’s fixed so u save money while the bank keep inflation up… I think anyway lol

@kayleigh8582

Жыл бұрын

If you have debt and no assets go citizens advice and get it cleared for £90 u just have to stay out of debt for 12 months then ur credit report starts fresh

Or go to citizens advice and do a debt relief for £90 then u have a fresh start but u can’t have assists. And clears debt up to 25k I think it’s gone up to now!! All bills cleared everything except court orders. Even bailiff 😂 just hold it to the window to them and they have to leave u alone. But u can’t get in debt for 12 months or they can reinstate all your debt