Review of: Is the UK economy about to implode. YT video \ stacker news ~econ

I saw this pop up on my friend's YouTube recommendation

I'm not 100% sure who this host is, but the guest Liam Halligan is someone I've noticed on UK alternative media, he's a very knowledgeable economist who doesn't pull any punches, he's a man's man

So, with us all understanding the fiat debt doom loop so well, it seems almost old news to reference it, but the vast majority of normie land are, and sorry to keep making mention of the matrix, but the normies are literally plugged in to the meta/x slop, and they literally have no comprehension of how fiat works.

So, Liam basically explains how the debt is spiralling out of control and puts some meat on the bones, adding context by explaining during this video, how the UK economy is fucked basically.

He begins by saying how he's concerned with the lack of economic literacy among the political and media elites.

Historically the UK is potentially heading towards what happened in 1976, when the UK, the superpower, the world dominating empire, had to go cap in hand to the IMF and beg them to get them out the shit.

He explains gilts and how the name is derived from the fact that in the old days, UK debt certificates were literally carrying a gilted gold edge to show how trustworthy the UK empire was.

And then interestingly he goes on to explain that in June of this year the UK government borrowed 20.7 Billion pounds in one month alone, which is the highest since the convid pantomime, but the shocking part the normies don't understand, is that, of that 20.7 Billion pounds they borrowed..... 16.1 Billion pounds was spent on repaying existing debt 🤣🤣🤣🤣

I'll leave it there, it's a great watch if you have an hour, enjoy.

By the way Liam has a substack which I haven't looked at but I'll link it here if you want to see it.

https://liamhalligan.substack.com/p/when-the-facts-change

33 sats \ 0 replies \ @spiderman 16h

So, I know it is sacrilegious, but just to gauge the sentiment, what would it take for the UK to dissolve NHS (which is such a burden on the government)?

42 sats \ 0 replies \ @Solomonsatoshi 18h

Empires rise and fall. They start out as under dogs like the Brits plundering Spanish bullion and end up ruling the seas, trade and banking. US empire took over from The British after WW2 and now China is emerging as the dominant power. The elites know what is happening but know that acknowledging it is not often a vote winner. The core problem is the sense of entitlement that wealth and success brings and the inability to recognise that your time as the dominant power is almost up. US exceptionalists take note! But they won't.

47 sats \ 1 reply \ @Oxy 20h

It’s crazy to me that we know the maths in this debt loop doesn’t add up, yet both parties keep acting like growth will magically outpace borrowing. Wish more interviews like this went mainstream

11 sats \ 0 replies \ @gmd 17h

Growth in europe lol... they're so fucked

0 sats \ 0 replies \ @Bell_curve 17h

UK was not a superpower in 1976. Their great power status ended in 1945 possibly earlier