Do bond markets control the government?

Anyone listening to this clown needs their head looking at. Doesn’t even know the difference between income and inheritance.

For clarity, the single biggest holder of UK government bonds are pension funds; ie your parents’ retirement fund. Not “wealthy bond traders”

Bond traders don’t own the majority of bonds. British financial institutions own the majority of bonds on behalf of British pension savers, and British savers. This has always been the case. The bond market is a way for a country to borrow money from their own children to invest in their future. More recently, some governments have been borrowing from their kids to consume the money today. This is obviously unsustainable deficit spending, and leads to national ruin in 1 generation. But crack on.

What did you do at Citi exactly?

Gary talking about something else he doesn’t understand 🤦🏻‍♂️ This level of misinformation is dangerous

If you do not borrow then you do not involve the bond markets. The bond markets are not obliged to lend you money. It's you that wants to borrow money and because your ideas are absolute lunacy the bond markets ask for much higher security (interest). All of your plans revolve around borrowing money so you better get used to the bond markets.

The issue with morons like this is that they are half right which makes people fall for his bullshit. 1. Government borrowing comes from institutions like pensions funds etc not "evil wealthy traders" 2. Inflation is the evil that drains the purchasing power out of the middle and lower class.. not evil wealthy people. 3. Growth at 1% (p-hacking) while inflation is 3% is a massive fucking decline. This is the problem. 4. The current debt situation is highly unsustainable even with a decent economy.. The reason every politician, including the labour commies are scared is because of this. You commie cunts have already fucked it. This was decades in the making. There is no fucking lever left to pull. There is no one left to steal from that won't also result in you losing even more money on the other side. You want a wealth tax? well the wealthy people will just leave. You want to increase corporate tax or VAT? There will be a disproportionate decrease in economic growth in corporate bankruptcies... You've already fucked it.. Every year you are taking away more and more reasons from productive people of society to stay hostage while you steal even more from us. This is the communist utopia.. You've already made it near impossible to build anything in this country. Seriously what the fuck is left here for me to stay and let you steal even more money from me?

Maybe you should the difference between income tax and inheritance tax first 😂

Gary’s Economics is back. A time for a reminder he hasn’t the first clue …..

I can see why this slop might appeal to socialists but anyone with a brain isn't falling for this BS

Really? Coming from someone who doesn’t know the difference between income tax and inheritance tax, I’ll pass.

A man with a Pakistani accent, explaining a bog standard concept and getting it wrong.

Put a t-shirt on you pedophile

Could you ask Harvey Price to opine next time please?

If I was this ignorant, I’d keep quiet about it.

This man is an economic Pygmy who doesn’t understand our tax laws, don’t listen to his infantile pish

Just because you wave your hands about randomly and pretend to speak to someone off camera, does not make you an expert in economics. Don’t listen to this guy folks.

Gary is a moron. The trouble with being a moron is that you don’t actually know you’re a moron. Higher taxation makes everyone better off, right? Right?

This guy doesn’t know income tax from inheritance tax, don’t listen to the twat.

You think this makes you look like Oppenheimer describing nuclear fission when in reality it just makes you look like a dumbass.

You are a genuine fucking cretin. Outstanding work

For anyone listening to this please remember a few points: * The way to not be controlled by the bond market is by not borrowing from them. The bond markets are run by accountants and actuaries - they just crunch the numbers and predict risk - they are not political. * Wealth tax: even if the richest 10,000 families in the UK were taxed at say 2% wealth tax - this would raise GBP25B. UK debt is GBP3T(trillion) with the UK gov adding GBP123B in debt this year alone. This won't solve the problem but the wealth taxes will have secondary consequences with wealthy families leaving, investment leaving etc. * Following on from this - if you have a job and/or own anything at all (e.g. own a house, or have partly paid off a mortgage on a house, have savings or a private pension, or your parents do), please read about the Kulaks in Soviet times. These were originally landowners whose land was expropriated, but as the Communists needed more and more funds, the definition eventually went down to a family who owned livestock (including a single cow or sheep). This is were the wealth tax goes - the really wealthy will leave. *You* will be the wealthy Kulak and anything you have worked for will be taken by these clowns. * You cannot create wealth through taxation: Churchill's quote explains it perfectly: ""We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." The only way for a nation to become wealthy is through hard work, productivity, and innovation. * If you want a vision of the future run by the current Left, look to Latin America: Venezuela and Argentina - both fabulously wealthy nations driven to poverty and starvation by Leftism. Almost 8 million people left Venezuela (one quarter of its population) due to extreme poverty and starvation. If you are young and the future looks bleak, these Leftist ideas may seem seductive. Do some reading. Compare East Germany from West, North Korea from the South. Read about the tragic history of most of Latin America. Read how West locked Africa into perpetual poverty not through colonialism, but by exporting Marxism. Any simple idea to a complex problem is usually wrong. Don't fall for this cult - they seek only power and return give you tyranny, poverty, and starvation.

You're a fucking retard If you borrow from someone, they choose what you repay basically. You don't get free money. Heaven forbid you aim for a budget surplus 😱 Fire half the state, net tax drain Slash benefits, net zero, foreign aid, subsidies for useless shit, and quangos

Simple explanation for you Gary, if you spend more than you can afford youre in a bad situation. If you over tax a country (like the UK does) people leave and your tax take is less unless you increase tax and then you create more issues. We need to stop being a welfare state

Yep this top looks great for a video, will take the attention of the viral video of me not understanding difference in taxes.

Gov bonds are mainly sold to other countries, then pension funds and other funds. Very very few “wealthy people” buy Gov bonds. First fail.

I'm sorry the bond markets stole your sleeves

Gary isn't telling you that a bank issues a loan with reserves that can't be met 100% fully. Where does the captial come from? You guessed it. It's created on the banks balance sheet. The government borrows money the Bank of England does not have. Creates an environment of endless money printing, which debases the currency so people are forced into a debt slavery.

He never looks at the camera. He looks away from it like someone who is lying.

You are an actual retard . And sort your fucking accent out . The one you use is an affectation, so you can pick another one

Anyone you borrow money from ‘controls’ you. FFS. Now put your armpits away.

Why do you speak like Ali G?

So Gary says that the difference between a bond and a loan is that a bond can be sold. So can loans. Oh dear.