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terrytees
Garys Economics
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Comments by "terrytees" (@terrytees) on "Crypto = Internet Points? Why it WON'T make you rich" video.
You need to realize that Gary is nothing more than a classic grifter, his claims of being a super trader have been disproven, including the times in which he worked as show via his FCA register, and his lack of explanation what money is and what it is not should be a dead give away. People who invest more than they are prepared to lose in anything are stupid just as people are stupid who listen to a one size fits all explanation of why you can't get over cause of some invisible boogie man with all the wealth stopping you are every angle aka the grift Gary sells the media. Reason guys like this are courted via the left is that they only true way to create more equality is to create more poverty thus putting all on a equal footing, you will own nothing and you will be happy.
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@cantripleplays History proves it's not lack of tax that is the issue, Gary makes the argument that the rich should need to spend all of there money within a 100 year time frame yet at the same time he argues that the rich are in control cause they buy assets? You mean like both Dyson and Gates do by buying up all the land. The guy has no understanding of economics outside of a wealth tax which has never worked. The irony of this is he worked in an industry that is part of the problem yet is incapable to understand that it's banks whom create money and the UK has the worlds most unregulated mortgage sector which is why a house costs 3 times it's worth. It's regulation which is need for financial institutions. I have to conclude that this guy is only slapped all over the media to give ppl false hope, it's a distraction. Your getting hoodwinked, the worlds 2nd largest financial district is the George Town in the Cayman islands. It's not in the UK or EU, no wealth tax could touch them regardless of it being engineered by the City of London it's outside Parliaments jurisdiction. The game was set up long ago, we got rid of the empire and traded it in for a bank and those trusts are long outside the UK. There is nothing you or I could ever do about it. What we should do is encourage growth and regulate the financial services forcing investment into long term growth, until that happens the UK will continue to be bleed dry. This guy is there to distract ppl from how it really works, cause I will tell you now Gary hasn't got a clue.
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