Are you guys really going to believe what that American says? He didn't see this recession coming, and it is very much a case of the pot calling the kettle black when he uses the words "wrong", "inaccurate" and "lies".
@dayoflords I am British, he is not anti British one bit, he loves my country, but he knows that it is flawed, and the US is too. He is just smart, and just knows what he is talking about, these others just dont
lol, choudury.....who wants to invest in uk? oh, let me tell you: you're investing taxpayer's money in the most lucrative non-wealth creating industry: government.
Imagine people living in smaller regions of sovereign countries of 1 million people. History shows that prosperity increases by growing smaller, not growing larger to hide the debt. We would have 7000 countries, and no single government to enslave others.
@crazyboyxx actually I have worked for over 40 years as an engineer,25 of them in the auto industry in Canada,started work when I was 17 as an apprentice in Ireland and never asked anyone for anything,large parts of Britain have economic conditions similar to third world countries because of Thatcher,people are dying in their homes from fuel poverty when Britain has vast coal and gas reserves,if you haven't noticed recently predatory and greedy capitalists led the world to the brink of disaster
IMF came to the city (UK) recently. One porky pie in report. Greece and USA on major crisis on default on their debt. Financial Ombudsman Service now Breaking the Law. MEP states FOS are not professional. Financial Services Authority have failed regulating the banks (stated by HM Treasury ). Spain now needing about 230 Billion bailout, followed with Italy seriously in trouble. Northern Rock up for sale, UK Bank with dud mortgages. UK are ring fencing investment / retail from further loses.
This Choudhry guy is talking rubbish just like jews that lie, and liel He works for a Arab bank why does he care he got oil. The American dude is just talking sense, where is the moral of this country? Where's the hard working its just lie above lies.
forget politicians they all talk shit.they never tell the truth and never answer a question!it doesnt matter who you vote for they are all smoke and mirrors!choudrey a private school education and wealthy parents a classic blueprint for a politician!!seriously it takes an american to tell abrit politician the reality all us brits can see for ourselves!!wake up england!
A huge government state, ridiculous benefits system, criminals allowed to run riot and sloppy immigration rules caused by labour have ruined this country. Cut benefits, make half the public sector redundant and give the private sector encouragement to grow, thats the only way out of this problem. Because more ppl will be tax producers (private sector), rather than tax consumers (public sector), taxes can then be lower. it's not rocket science. And get out of the E.U
in the1980s,ma thatcher destroyed manufacturing,and whole communities.promoted greed and an "i'm all right "mentality.brainwashing people into believing they could be upwardly socially mobile,if they were more affuent(clearly impossible as the uks more class ridden than a swiss cheese).people were encouraged to be good consumers,thus racking up huge debts in the process.she sold all the utilities for a fast buck,(oil,gas,electric,water),not accepting the real revenues these bring to the country.
of course the uk will go bang,its just WHEN,when you look at the dumb idiots in goverment,who havent a clue whats going on ,these wankers dont even know where europe starts and where it finishes,the best thing men and women can do is send there birth cert and national insurance numbers back to the gov wankers
@Jimmyretired and @indonippon For crying out loud grow up! It's people like you, aggressive and confrontational, (whatever your background/colour), that the NWO want to get rid of! Oh well, perhaps they have a point.....why on earth people have to be so offensive to eachother I cannot understand. My dear late Gran used to say we need a war to get rid of our thugs, lol.
Murad Choudhry's an idiot!! what a fool.... Pop Music and Rolls Royce? This guy knows nothing about economics.. who the hell is he trying to tell JIM ROGERS whats correct. Anyway Sterling isnt what it used to be watch?v=AgnMRDrPBfY
@sidkings your right ive seen this idiot taLk before and he talks shit,LETS JUST WEAR A PIN STRIP AND ALL OV A SUDDEN YOUVE GOT INTERLECTUAL MEANING,THE BEST THING THIS IDIOT CAN DO IS SHUT HIS SHIT FILLED GOB
@MrFes888 LOL.. well said mate, this arrogant fool knows nothing about economics.... he needs a good slap.. ...LOL.. "pop music" ... what a knob, everyone downloads for free these days...
India for example had controlled 22% of the world economy before the arrival of the English and after they left it was left with a 5% share of the world economy.Now its The fall of Britain -Karma in action my friends! :0 cheers!!
@indonippon no one is interested in india stop blaming britian for your failure to use a condom. india was and will always be a third world country, its offensive to compare india to britian
@Jimmyretired I know you can't read because you are an uneducated and illiterate, fat ugly, cockney dole mole! So I suggest you get someone to read it for you or ask someone about these two writers. There is a book called "Life and Labour of the People in London" which you can empathise with.Its about east enders(Million of Brits nearly 30% of victorian era population) wallowing in poverty
like you do and living like animals in slums while UK lords and royalty exploit this poverty to get rich
I could'nt tell him its because his son has poor taste and is ill informed and is just going to the US so that he will look cool in front of his Indian cousins...LOL....US looks great only on TV,Hollywood etc! Used to be a great country till the 60s...then thing started looking downwards..Germany is doing great,so is Australia(Mining),East Asia(Korea,HK,Singapore),Japan(still has industrial base and large enough forex reserves to pay off debt in one second)IMO!
These people I talk to are really educated,experienced professionals and still have minimal knowledge about the world relative to kid like me who is young enough to be their son.Its ironic because they refuse to believe an internet informed 22 y/o ;)
One of my relatives son had the option of studying in Germany vs USA for his MS in engineering and he choose the US.When I told him that country is in doldrums,he asked me "why did my son choose it then and not Germany"? LOL!
i am from india and every one I speak to here feel the Uk is some infallible dreamland or something! I tell them it is in some deep shit and does not really have the commodity resources of the USA(Alsakan oil field,Huge arable land) so it can't really manage the current fiscal mismanagement,but they are in total denial! The UK?! Nooooo its a well managed country they tell me....poor suckers spend 60k+ pounds sterling and send theire kids to study there.Its not really worth it.Colonial hangover!
@indonippon this is my solution, if britian goes bancrupt then we will invade india but having said that what has india got to offer haha
save it pal, stop bad mouthing britian and focus on your own slum stop posting vile messages we are not in the dumpster, stop listening to conspiracy theirost liars
@Jimmyretired India has around 300 billion dollars or the fifth highest foreign exchange reserves in the world and also the third largest army to make sure that our we do not get robbed by invading bastards again! Britain otoh is a shithole and don't even dream of invading anyone! Failure of a country! India was and is gonna get better while Britain is going to wallow in the past and its the victorian era poverty for your lot! Ever read Charles Dickens or Charles Booth?
pal the entire world hate indians all me mates think you people smell of curry and produce terrorism, if britian goes bancrupt rest assured pal we are going to hunt all the indian muslim arab hindu asian people and use plenty of violence towards them, the reason the uk is going to shitter is cause you third worlder disease ridden indian people have come to bleed it dry now get out before we turn nasty on you
@Jimmyretired Oh now you talk like a true native! Boo hoo you brought disease! you fuckwits killed entire populations of natives in the americas with your diseases and now you talk about us? Filthy ugly fat fucks like you and you mates that populate ol blighty are the ones weighing down the country with your disease you disgusting leper! all your English people are like leukodermic vitiligo skinned freaks....disgusting! you should be quarantined you know! you are becoming more rabid by the day!!
@Jimmyretired In case you missed we have a royal wedding soon in the uk, also look at the crown jewels we have the largest most valuable diamond and gold collection, our queen has the biggest crown and our royal family brings in millions of pounds via tourism to buckingham palace, so you dirty indian savage better stop being jealous because we have history unlike you pal
@indonippon do you realise that most of your hadji economy is run by brits and americans??you do not own your state anymore(and you never did), you have a high growth for one reason only : VERY CHEAP LABOUR ,
Geez face hadji boy...
I've been to India, every one there sees a white man as a God....a country with starving indian people on one side and ritch white people and a few rich indian people on the other side... this is the country you are so proud of? that country SUCKS...
they could have done so well if they managed all those resources they had in the UK alone.First those massive coal reserves and now the North sea oil which is depleted.They did have ALOT of resources for a tiny island.But managed it piss poor.Just look at how Norway is investing its oil reserves,thats prudent fiscal management.Even more shocking will be the financial fall of the Middle east after peak oil there.Then there will be even lesser inflow of money into US,UK! LOL!I feel sorry for them!
The only thing the UK has to sell is Arms, when Business goes bust, no one will be buying Rolls and Petrol is going up. If the Arms industry is all that is left is it a wonder they can't afford to end the wars.
The UK and US have to be the most stupid financial fools on this planet, Both had/have empires the world over..I don't believe any of it..Money means nothing to me..never will!
The resources point is sound though. The UK (or England as it was then) rose when King Billy started the Gilts market (copied from the Dutch) which allowed the ships to get going on importing resources from elsewhere. The decline similarly as we got booted out. In the same way, the colonies (British North America) rose as it ethnically cleansed the natives and took advantage of the free and endless resources there and it's still going.
The UK economy cannot be saved. There is no hope. Our economy is dependent on a casino. You build an economy on hard graft, honest work, not gambling.
Assignats were paper money issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux. Assignats were used to successfully retire a significant portion of the national debt .
like i say its going to get worst before its going to get better 2010 is going to be a bad year for the UK interest rates are going to go back up after the new year.
This Choudury guy sounds like some double glazing salesman telling us a pack of lies. How does a 'value added statement' (talking 'up' the economy) actually add any monetary value to anything?? Our economy has been an illusion for the last 12 years. If you want to get your debt cancelled become a Free Man on the Land. You can get your mortgage paid back to you including the interest payments. Your Bank cannot show a loss when you default as it created the debt using your signature fictionally.
That guy from the Europe Arab bank first refuses to believe that we are in the worst recession since the WWII, but in the next breath says we never seen nothing like it since the 30s, then claims that Rolls Royce and the "pop music" industry have a lot to offer. I don't know shit about economy but that guy is clearly talking bollocks. I'm seriously thinking of going to South America, fuck Europe and USA.
@theH0UNDSofD00M South America ? Please do some research before you make such a foolish move. Most of South America's nations have been experiencing hyperinflation and massive crime rates in the last 50 years. I would stick with the USA or Europe, maybe some Asian countries.
The rate of the UK decline corresponds with it's exodus from former colonies which it exploited for it's own interests.The Uk can no longer get rich on the backs of foreign countries resources and labour and it won't be long until it has a third world economy.Thatcher ruined the industrial base thinking the "city" would fill the gap,generations of technical ingenuity and skills have been lost.
@oceallaigh2003 Generations of technical ingenuity and skills would have been lost anyway unless we all moved to China to keep our costs down. Manufacturing will do better where labour is cheap, so why wait.
@johnje82 yes you are right ,but what is going to replace manufacturing in Britain,oil will run out in our lifetimes and the "city" cannot be relied on to generate wealth.Countries like Canada or Australia have relatively low populations with huge resources so they will survive as suppliers to the Asian manufacturers but Britain once a powerhouse of quality manufacturing will have nothing to trade in the future.
@oceallaigh2003 Yes, I don't think the argument is silly by any means. Given the education lag to production, the only way will be to get the City going again and to drop business taxes (hopefully outside the EU which wouldn't allow it). It will take ten years before politicians can say that we need to deregulate banking again.
@oceallaigh2003 Yep as soon as the other countries realize the are the one's propping us, and our military is too stretched to retaliate they'll probably split. Only reason why america hasn't crashed is because the $ is the reserve currency. Looks like the northern sea oil is running out rapidly so the UK gov will probably go along with the US invasion of Iran to secure oil. (Did you know that Iran began trading oil in euros in 2007, just like Saddam began to trade oil in euros back in 2000.)
Eh? The UK owns the largest oil and mining companies in the world. Moreover, the UK is the 6th largest manufacturing nation in the world. Britain manufactures more cars now than any time in its history. 50% of the world's airlines have British engines and vital components, e.g. wings. Advanced engineering like F1 is dominated by the UK, pharmaceuticals, entertainment and food, clothes, etc, etc Ironically, a lower pound will see the UK manufacture even more.
Eh? The UK owns the largest oil and mining companies in the world. Moreover, the UK is the 6th largest manufacturing nation in the world. Britain manufactures more cars now than any time in its history. 50% of the world's airlines have British engines and vital components, e.g. wings. Advanced engineering like F1 is dominated by the UK, pharmaceuticals, entertainment and food, clothes, etc, etc Ironically, a lower pound will see the UK manufacture even more.
@oceallaigh2003 the bitch Thatcher and the actor moron regan both ruined and sold out the ppl of USA and UK. Shame. 2 of the most powerful empires destroyed by banksters .
Haha, why would you even want to bother listening to a Bank guy anyway. The European central banks simply answer to the federal reserve anyway and as we are beginning to find out, the Rockafellers and others are running the fed (and half the world) and also hope to reduce the world's population (through effects of the coming great depression? they are orchestrating? Quite possible!
What else has the UK to sell? Military won't fill the defecit. Services industry is badly battered. What else is there. We don't make anything on a scale large enough to sell to others. We have no natural resources. Oil is running out. A country def a shadow if its former self, and things will only get worse.
The U.K. is the world's second biggest exporter of military equipment (planes, ships, missiles, tanks, guns, ammunition) after the U.S.A. Unfortunately, as long as there are wars in the world, the U.K. will have something to sell.
Also, the Eurodollar market (petrodollar recycling from the Middle East) also takes place in The City. So, irrespective of unemployment, hollowing out of manufacturing, a HUGE amount of foreign investment will continue to wash through London.
Whats stopping investment from going to other countries, where taxes will be much less and will cut less into their returns. Why does everyone think all the big financial companies will stay in London? Whats stopping them from all moving. If the good ppl move im sure the companies will too.
It's all about oil, as it always has been. As long as Saudi can persuade the other producers to only sell in USD then New York City and London will remain as the two major financial centres where petrodollars get recylced. Look up any of the top 500 U.S. listed companies. In the top 3 institutional shareholders is Barclays Capital. $1 trillion worth of shares. From a £30b bank. It's oil money washing through London. The same is likely true of U.K. listed companies, except you can't...
Also, look up London Gold Market Fixing Ltd. That is a legalised cartel who "fix" gold prices (that would illegal for any other commodity/product). Imagine you are a major holder of U.S. T-Bills, and you have lost faith in the Dollar and want to off-load and convert to, say, gold. If the price is artificially "fixed" by a London cartel, that limits your options to protect your investments, further trapping you into funding their trade deficit...
Look at your customers though, the entire Western World is in a debt crisis, unless you're prepared to start selling military equipment to Russia and China, those markets are going to dry up. You should also start following the OPEC meetings more closely. They've already resolved to stop trading oil in USD. It's only a matter of time before they find something else. China just made the first purchase of IMF Special Drawing Rights; these may be a future candidate.
Disappointing that the other two guys are taking the usual life-is-great approach. Almost two years after the recession hit, the Stateside govt. FINALLY said, yes kids it's true. We are now "officially" in a recession.
Now 2009. Bernanke and Geithner are still printing endless amounts of money. Brown is in step with Obama and refuses to go in a radically different direction.
The U.K. debt is what % of the GNP? Over 100% now? What drug are these guys on?
neither am I a banker nor an economist but even though even I know that if somebody is in debt nd does not produce enough incone to pay of the debt and to live at the same time then he is bankrupt...
UK financials owe tens of trillions in derivative payments. So does the UK let these financials destroy the UK economy by letting these bankrupt financials fail or do they destroy the currency by using it to prop up the financials? There is no way to win, there is no way to come out. This is the game that has been played on 3rd world countries for years. The chickens have come home to roost. Sell up and get something with a piece of land to raise food. Thats it.
JIm Rogers knows what he is talking about. The rest of these guys are crooked and lying. I too agree that Jesus christ is about to return very shortly. HOw long? I dont know, but all the signs are here. It has to get a lot worse though. But this is going to be the catalyst into the worst tribulation ever. Its all the Jesuits fault, and the corrupt world governments which are run by Satan himself.! DIE SATAN! DIE!
Anton,wake up, London was the centre of the world in the 19th, then NYC took over in the 20th, now it´s asia. Relax. And isn`t it unfair someone ever called Tony Blair, Bush`s poodle. So unfair, poor poodle´s, he was Bush`s chihuahua at best. Btw, your sub-primeminister now is the same sucker for the US, or? England and service? Your kidding? That´s like italian efficiency or german humor or a japanese casanova, hahaha.
never mind pop music comment lol but england has never produced anything we are a service country and we are still the highest currency and believe me when a country has ruled the world for a thousand years with no productions just trades we would know a lot more about keeping things in order this Jim Rogers wants to criticise the UK Jesus! Has he forgotten where he's from. He also thinks that pretty soon we will all have to immigrate to China for a better life.
The Brits just don't get it. It's bad enough they are a bunch of appeasing socialists, or more accurate - anti-capitalists. They are turning their country over to Muslims who have openly said they will take over the west not with bombs, but slowly chipping away at freedom with the help of the enemy within - liberals in Britain and in America.
Fuck you and your American attitude its what destructs your narrow minds and makes you fail cause you wanna be a bully and shout out something that makes no sense and what's more disturbing is that you actually believe in what you say I mean why am I going to believe what Jim Rogers says when he made it clear that he never looks at government rates. Basically he has no more sense than me or you. America tried to shine and it rusted now the rest of the world has to pick up the pieces.
Rolls Royce and pop music. Sure if you charge $1000 per music, you can replace all the North Sea oil. Only idiots would buy R.R. and UK entertainment.
North Sea oil will last for decades, maybe a 100 years yet. The fact the the UK now imports oil is relative. It's economy has grown to the point where it needed to do so.
The RR he was referring to is one of the world's largest aerospace and defence manufacturers, not the car maker. The UK has some of the largest defence manufacturers on the planet, e.g. BAE, RR, etc,.
Fantastic how these british eggheads don´t get it. Try travelling. Amazing , they seriously think Britain has anything left to offer economically. Don´t get me wrong, I love britain but if these guys are in charge of anything, decline is inevitable.
Rolls Royce, haha, good point mate, Rolls Royce Cars is a german company. Popmusic , what drugs are you on?. Revenue in the music industry over the last 10 years down by approx. 80%.
Pound sterling used to be worth literally a pound of sterling (silver) or 12 troy ounces which is currently valued at about $152 compared to the GBP which is worth $1.45. The pound has already lost more than 99% of its original value.
im not versed in economics so feedback would be appreciated - the impression i get is that uk/boe will continue to drop base rates and that this in addition to worldwide aversion for debt ridden sterling assets means the pound is likely to slide lower than 1.40 to the $....much lower - i dunno? Does my thinking make sense guys?? (i hold UAE dirhams in effect dollars and want to repatriate my cash ie buy sterling - should i wait??)....i think i should but give me your views pls
Moorad is using standard keywords to emotionally manipulate the viewers. "Not entirely" "the fact is".. this guy should be a fucking politician, not a banker, at least that way he can just accept that he is a fucking subhuman prick.
England and the USA are FUCKED. PERIOD. Anyone who says different does not understand what they're talking about.. and if they do, they're fucking immoral wankers for trying to decieve people with nonsense.
Moorad Choudhry sounds much like the Wall Street yuppies. When asked about the possibility of the US dollar tanking, to a man, they all said "It will NEVER happen. NEVER!!"
lol "I say, ol' boy...the Sterling has been around for 1 million-billion years. Pip pip cheerio". Moorad is Visiting Professor at the Department of Economics, London Metropolitan University. There is NO WAY he can be oblivious to the impending disaster. He's obviously lying, likely to quell any panic among the sheep.
roll royce and pop music... ??? send this to guy to get a brain check man!!! I doubt there a many people who like UK pop music!!! God fuck the queen!!!!
I don't think many people listen to contemporary pop too, but I don't know how much that market is worth. Have you got any numbers about how much that market's worth.
just read his bio, i don't think you will find the exact number of much money he has but you will get an idea....lets put it this way, he is not hurting for money, he retired at 37 from the famous Quantum fund
@jordibares The economy in the UK is in bad shape, but I would not worry about a collapse. I am from the USA and I have been listening to these "experts" chirp this bullshit for the last 2 years. According to them the states should be bankrupt and dissolved. Things are tight here, but nearly as bad as they make you think. Hold fast and weather the storm out.
Please explain how it will 'storm out' this should be very interesting. The UK is in terrible shape, as is the USA. The UK produces nothing and a 'service economy' has proved to be flawed. China produces everything and will be the dominant power in the world. Regarding these 'experts', are you talking about the people who consistently warned about the recession when people were laughing at them? Yeah, keep your faith in Obama/Bernanke.....
@theguvnorjimmy China has a population of 1.3 billion, of which 1 billion are classified as poor. It is imperative that they keep producing or they will experience massive civil unrest. These "experts" offer you nothing that cant be found in the financial section of a major newspaper. Jim Rogers by his own admission is wrong half the time.
We could potentially have a currency crisis and our money has been drastically devalued. I do not think many people actually believe that US will pay back their debt to China. Look at the value of the pound today, it will only get worse and worse, as will the dollar and the Euro. The power really is in Asia and the important point is that politicians will not embrace the recession, which is what we need to rectify the false bubble. They are concerned with getting re-elected.
If anyone from the Euro Arab bank is reading this - please beat some sense into Moorad's skull ( a baseball bat could come in handy), when you lose your job. thanks in advance!
lol rogers told him the sterlings value dropped from 5 dollars to 1,5 dollars in 100 years and this dudes answer is ohh its the markets. veeery competent lol.
Lol rolls royce and pop music will save us! What a complete idiot. Yet again someone who's got to their position in life via being skilled at talking utter bullshit.
this is a classic... a banker who talks in such hyphalluting words against an investor that uses normal words. who usually makes more sense in such a situation? the man that uses normal words - he doesnt need such complicated words to hide any incompetence.
Well thats not totally fair Abberly is trying to be honest but will not call foul with a $99billion portfolio to manage. Choudry is full of it though.
What those idiots fail to see is the fact that this is only the beginning of the inevitable economic collapse that the U.S. and Europe will experience. This will be much worse than the 1930's. Almost every economist didn't see what was going to happen in 1929/1930 and the same thing is going to happen this time.
can you hear......... new world order one world currency one world police on the horizon????...the perfect solution..
TheX4honda 9 hours ago
Haa haa! Rolls Royce and pop music... brilliant!
38dragoon38 1 week ago
@38dragoon38 we're saved! lol
mavaufberlin 2 days ago
Choudury must be slightly embarrssed now, just a thought
harlew123 2 weeks ago
love Jim Rogers...sound as a pound...oops.. he is sound
salsaby1103 3 weeks ago
Are you guys really going to believe what that American says? He didn't see this recession coming, and it is very much a case of the pot calling the kettle black when he uses the words "wrong", "inaccurate" and "lies".
ProjectVRD 1 month ago
While Jim is saying the truth, everyone in the studio are covering their ears singing "Lalalala can't year you!!!"
ryanisoutthere 1 month ago
the american is right. britian hide things from us
666milktray 1 month ago
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Foreign investors are poring money into Scottish resources and industries, and the rest of the UK is getting closer to bankruptcy.
segano1 1 month ago
just my lack ..I finally decided to learn investing!
skanda78188 3 months ago
Theres a lot you can say about the pound but you can say the same about the euro and the dollar....... this sounds almost funny two years after.
aon10003 4 months ago 2
Fuckin First name is Bloody Muslim then Last name Chaudhri is Hindu his family have converted from Hindu to Muslim So never trust people like him
maheshdubariya 4 months ago
Well it's summer 2011 and Jim Rogers was absolutley right. This paki muslim twat is a complete idiot
Dandaniels1978 5 months ago
bow tie wearing anti-british motherfucker
dayoflords 5 months ago
@dayoflords
He thinks the same about the U.S.A, and he's voted with his feet - he now lives in Singapore.
mgore90 4 months ago
@dayoflords I am British, he is not anti British one bit, he loves my country, but he knows that it is flawed, and the US is too. He is just smart, and just knows what he is talking about, these others just dont
Tracywithafacey 3 months ago
@Tracywithafacey more precisely he's anti-sterling
TheSophist2007 2 months ago
choudury, the name says it all: A dumb, uneducated muslim. NEVER trust a muslim
bodizone1 5 months ago
rolls royce and pop music?
jahbless1 5 months ago
lol, choudury.....who wants to invest in uk? oh, let me tell you: you're investing taxpayer's money in the most lucrative non-wealth creating industry: government.
manoman0 5 months ago
Imagine people living in smaller regions of sovereign countries of 1 million people. History shows that prosperity increases by growing smaller, not growing larger to hide the debt. We would have 7000 countries, and no single government to enslave others.
bvssvni 6 months ago
sterling has been around since the 8th century , yes when is was silver and not fiat paper .
firefox666moll 6 months ago
@crazyboyxx actually I have worked for over 40 years as an engineer,25 of them in the auto industry in Canada,started work when I was 17 as an apprentice in Ireland and never asked anyone for anything,large parts of Britain have economic conditions similar to third world countries because of Thatcher,people are dying in their homes from fuel poverty when Britain has vast coal and gas reserves,if you haven't noticed recently predatory and greedy capitalists led the world to the brink of disaster
oceallaigh2003 6 months ago
IMF came to the city (UK) recently. One porky pie in report. Greece and USA on major crisis on default on their debt. Financial Ombudsman Service now Breaking the Law. MEP states FOS are not professional. Financial Services Authority have failed regulating the banks (stated by HM Treasury ). Spain now needing about 230 Billion bailout, followed with Italy seriously in trouble. Northern Rock up for sale, UK Bank with dud mortgages. UK are ring fencing investment / retail from further loses.
kingwaldo100 7 months ago
This Choudhry guy is talking rubbish just like jews that lie, and liel He works for a Arab bank why does he care he got oil. The American dude is just talking sense, where is the moral of this country? Where's the hard working its just lie above lies.
DICKSONWAN 7 months ago
The presenter is gay. He probably thinks nobody knows.
ytrogergt 8 months ago
forget politicians they all talk shit.they never tell the truth and never answer a question!it doesnt matter who you vote for they are all smoke and mirrors!choudrey a private school education and wealthy parents a classic blueprint for a politician!!seriously it takes an american to tell abrit politician the reality all us brits can see for ourselves!!wake up england!
MsVictoriangirl 11 months ago
Choudury is obviously in denial. Britian is in terrible trouble. Bad policy, and a "head in the sand" approach spells a bankrupt britian by 2014.
BevilTex 1 year ago 5
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bankers+lawyers+police+judge+politician = DIRTY CAPITALIST SCUM PIGS.
bankers & druglords screwed life & society in human history.
kopellhinex 3 months ago
ENGLAND IS DOING GREAT,MORE WEALTH IN ENGLAND THAN EVER,
amcanmike 1 year ago
@amcanmike shut the fuck up chav
catalinaguerrero 8 months ago
@catalinaguerrero shut up pinhead,look around,whats wrong are you a loser with no job!
amcanmike 8 months ago
@amcanmike I said shut the fuck up hobo
catalinaguerrero 8 months ago
@catalinaguerrero go get a job and a life loser,
amcanmike 8 months ago
@amcanmike fuck you asshole
catalinaguerrero 8 months ago
mooh is obviously damage control. notice he doesn't provide much real counter argument beside negating what Jim says.
cc0ldt 1 year ago
@jimbob77784 he is a filthy muslim zionist pig banker. may he rott in hell.
cetnik03 1 year ago
A huge government state, ridiculous benefits system, criminals allowed to run riot and sloppy immigration rules caused by labour have ruined this country. Cut benefits, make half the public sector redundant and give the private sector encouragement to grow, thats the only way out of this problem. Because more ppl will be tax producers (private sector), rather than tax consumers (public sector), taxes can then be lower. it's not rocket science. And get out of the E.U
duracellaltoids 1 year ago
in the1980s,ma thatcher destroyed manufacturing,and whole communities.promoted greed and an "i'm all right "mentality.brainwashing people into believing they could be upwardly socially mobile,if they were more affuent(clearly impossible as the uks more class ridden than a swiss cheese).people were encouraged to be good consumers,thus racking up huge debts in the process.she sold all the utilities for a fast buck,(oil,gas,electric,water),not accepting the real revenues these bring to the country.
bluemax1990 1 year ago
of course the uk will go bang,its just WHEN,when you look at the dumb idiots in goverment,who havent a clue whats going on ,these wankers dont even know where europe starts and where it finishes,the best thing men and women can do is send there birth cert and national insurance numbers back to the gov wankers
MrFes888 1 year ago
@Jimmyretired and @indonippon For crying out loud grow up! It's people like you, aggressive and confrontational, (whatever your background/colour), that the NWO want to get rid of! Oh well, perhaps they have a point.....why on earth people have to be so offensive to eachother I cannot understand. My dear late Gran used to say we need a war to get rid of our thugs, lol.
UFOSIG 1 year ago
Murad Choudhry's an idiot!! what a fool.... Pop Music and Rolls Royce? This guy knows nothing about economics.. who the hell is he trying to tell JIM ROGERS whats correct. Anyway Sterling isnt what it used to be watch?v=AgnMRDrPBfY
sidkings 1 year ago
@sidkings your right ive seen this idiot taLk before and he talks shit,LETS JUST WEAR A PIN STRIP AND ALL OV A SUDDEN YOUVE GOT INTERLECTUAL MEANING,THE BEST THING THIS IDIOT CAN DO IS SHUT HIS SHIT FILLED GOB
MrFes888 1 year ago
@MrFes888 LOL.. well said mate, this arrogant fool knows nothing about economics.... he needs a good slap.. ...LOL.. "pop music" ... what a knob, everyone downloads for free these days...
sidkings 1 year ago
Lol pop music and rolls royce? Is this guy for real?
bonfirejovi 1 year ago
Jimmyretarted is another brit in denial just like the striped suit ugy ;) only ALOT poorer and uglier ;)
indonippon 1 year ago
India for example had controlled 22% of the world economy before the arrival of the English and after they left it was left with a 5% share of the world economy.Now its The fall of Britain -Karma in action my friends! :0 cheers!!
indonippon 1 year ago
@indonippon no one is interested in india stop blaming britian for your failure to use a condom. india was and will always be a third world country, its offensive to compare india to britian
Jimmyretired 1 year ago
@Jimmyretired I know you can't read because you are an uneducated and illiterate, fat ugly, cockney dole mole! So I suggest you get someone to read it for you or ask someone about these two writers. There is a book called "Life and Labour of the People in London" which you can empathise with.Its about east enders(Million of Brits nearly 30% of victorian era population) wallowing in poverty
like you do and living like animals in slums while UK lords and royalty exploit this poverty to get rich
indonippon 1 year ago
Comment removed
indonippon 1 year ago
I could'nt tell him its because his son has poor taste and is ill informed and is just going to the US so that he will look cool in front of his Indian cousins...LOL....US looks great only on TV,Hollywood etc! Used to be a great country till the 60s...then thing started looking downwards..Germany is doing great,so is Australia(Mining),East Asia(Korea,HK,Singapore),Japan(still has industrial base and large enough forex reserves to pay off debt in one second)IMO!
indonippon 1 year ago
These people I talk to are really educated,experienced professionals and still have minimal knowledge about the world relative to kid like me who is young enough to be their son.Its ironic because they refuse to believe an internet informed 22 y/o ;)
One of my relatives son had the option of studying in Germany vs USA for his MS in engineering and he choose the US.When I told him that country is in doldrums,he asked me "why did my son choose it then and not Germany"? LOL!
indonippon 1 year ago
i am from india and every one I speak to here feel the Uk is some infallible dreamland or something! I tell them it is in some deep shit and does not really have the commodity resources of the USA(Alsakan oil field,Huge arable land) so it can't really manage the current fiscal mismanagement,but they are in total denial! The UK?! Nooooo its a well managed country they tell me....poor suckers spend 60k+ pounds sterling and send theire kids to study there.Its not really worth it.Colonial hangover!
indonippon 1 year ago
@indonippon this is my solution, if britian goes bancrupt then we will invade india but having said that what has india got to offer haha
save it pal, stop bad mouthing britian and focus on your own slum stop posting vile messages we are not in the dumpster, stop listening to conspiracy theirost liars
Jimmyretired 1 year ago
@Jimmyretired India has around 300 billion dollars or the fifth highest foreign exchange reserves in the world and also the third largest army to make sure that our we do not get robbed by invading bastards again! Britain otoh is a shithole and don't even dream of invading anyone! Failure of a country! India was and is gonna get better while Britain is going to wallow in the past and its the victorian era poverty for your lot! Ever read Charles Dickens or Charles Booth?
indonippon 1 year ago
pal the entire world hate indians all me mates think you people smell of curry and produce terrorism, if britian goes bancrupt rest assured pal we are going to hunt all the indian muslim arab hindu asian people and use plenty of violence towards them, the reason the uk is going to shitter is cause you third worlder disease ridden indian people have come to bleed it dry now get out before we turn nasty on you
Jimmyretired 1 year ago
@Jimmyretired Oh now you talk like a true native! Boo hoo you brought disease! you fuckwits killed entire populations of natives in the americas with your diseases and now you talk about us? Filthy ugly fat fucks like you and you mates that populate ol blighty are the ones weighing down the country with your disease you disgusting leper! all your English people are like leukodermic vitiligo skinned freaks....disgusting! you should be quarantined you know! you are becoming more rabid by the day!!
indonippon 1 year ago
@Jimmyretired In case you missed we have a royal wedding soon in the uk, also look at the crown jewels we have the largest most valuable diamond and gold collection, our queen has the biggest crown and our royal family brings in millions of pounds via tourism to buckingham palace, so you dirty indian savage better stop being jealous because we have history unlike you pal
Jimmyretired 1 year ago
@indonippon do you realise that most of your hadji economy is run by brits and americans??you do not own your state anymore(and you never did), you have a high growth for one reason only : VERY CHEAP LABOUR ,
Geez face hadji boy...
I've been to India, every one there sees a white man as a God....a country with starving indian people on one side and ritch white people and a few rich indian people on the other side... this is the country you are so proud of? that country SUCKS...
paulstroie 11 months ago
they could have done so well if they managed all those resources they had in the UK alone.First those massive coal reserves and now the North sea oil which is depleted.They did have ALOT of resources for a tiny island.But managed it piss poor.Just look at how Norway is investing its oil reserves,thats prudent fiscal management.Even more shocking will be the financial fall of the Middle east after peak oil there.Then there will be even lesser inflow of money into US,UK! LOL!I feel sorry for them!
indonippon 1 year ago
This has been flagged as spam show
hang queen elizabeth!!
Isreal4realz 1 year ago
the UK is in the dumpster. The guy in striped suit is in denial.
commanderjohnkoenig 1 year ago
Comment removed
commanderjohnkoenig 1 year ago
The only thing the UK has to sell is Arms, when Business goes bust, no one will be buying Rolls and Petrol is going up. If the Arms industry is all that is left is it a wonder they can't afford to end the wars.
maria610421 1 year ago
The UK and US have to be the most stupid financial fools on this planet, Both had/have empires the world over..I don't believe any of it..Money means nothing to me..never will!
iTalented 1 year ago
is dont you mean
peppersdog1 1 year ago
@ 5:12 oh yeah, the UK has plenty to offer the world, they have the pop music industry,
HAAAAAAAAAAAAAAAAAAA.
England used to be a nice place :-|
rllang01 1 year ago
Now these bankers are ofcourse not stupid Keynsian economics, they dont care if they do a good job coz they get bailed out anyway by taxpayer money.
--
Socialism for the poor doesnt work and socialism for the rich CERTAINLY doesnt work, we tried that and called it FEUDALISM!
leonidas512 1 year ago
The resources point is sound though. The UK (or England as it was then) rose when King Billy started the Gilts market (copied from the Dutch) which allowed the ships to get going on importing resources from elsewhere. The decline similarly as we got booted out. In the same way, the colonies (British North America) rose as it ethnically cleansed the natives and took advantage of the free and endless resources there and it's still going.
johnje82 1 year ago
It is never as bad as these pundits make it sound......I do agree the UK has some big problems facing it......but they can come out on top
Jacobrester 1 year ago
The UK financial sector is like a special needs child. Look at how politicians bail out banks but won't lift a finger for manufacturing.
Look at the way the City sold off Cadbury's, destroying a vast chunk of what little remains of British manufacturing and not caring.
Relugus 1 year ago
The UK economy cannot be saved. There is no hope. Our economy is dependent on a casino. You build an economy on hard graft, honest work, not gambling.
Relugus 1 year ago
iTS ALL RIGHT BRITAINS IDIOTS WILL PAY THE DAMAGE
GOOGLE
British taxpayers ordered to bail out euro
Britain faces paying out billions of pounds under a European Union deal intended to prevent another financial crisis like the one in Greece.
UkTruthSeeker2009 1 year ago
Hate these smilely Bastards Who line thier pockets with other peoples money, What do they know about working for a living........?
Igotbadjoints 1 year ago
this is a market. i ve eaten you! u wont eat me! its a market...
TheAtheistworld 1 year ago
Are we not already bankrupt??? Didnt Brown sell off all our gold??
If we are not already bankrupt then how comes we owe so much money as a nation?
lovinit19791 1 year ago
This has been flagged as spam show
Assignats were paper money issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux. Assignats were used to successfully retire a significant portion of the national debt .
1929spectre 1 year ago
like i say its going to get worst before its going to get better 2010 is going to be a bad year for the UK interest rates are going to go back up after the new year.
jellyboy123 2 years ago
This Choudury guy sounds like some double glazing salesman telling us a pack of lies. How does a 'value added statement' (talking 'up' the economy) actually add any monetary value to anything?? Our economy has been an illusion for the last 12 years. If you want to get your debt cancelled become a Free Man on the Land. You can get your mortgage paid back to you including the interest payments. Your Bank cannot show a loss when you default as it created the debt using your signature fictionally.
chrislebensmother 2 years ago 4
That guy from the Europe Arab bank first refuses to believe that we are in the worst recession since the WWII, but in the next breath says we never seen nothing like it since the 30s, then claims that Rolls Royce and the "pop music" industry have a lot to offer. I don't know shit about economy but that guy is clearly talking bollocks. I'm seriously thinking of going to South America, fuck Europe and USA.
theH0UNDSofD00M 2 years ago 4
@theH0UNDSofD00M South America ? Please do some research before you make such a foolish move. Most of South America's nations have been experiencing hyperinflation and massive crime rates in the last 50 years. I would stick with the USA or Europe, maybe some Asian countries.
Jacobrester 2 years ago
LOL. isolated dude doesn't want to be bothered.
would u rather live on an island nude with nude women too?
KhmerD0g 2 years ago
well I have found such a spot and I am moving to it soon,you can come visit if you like.
oceallaigh2003 2 years ago
The rate of the UK decline corresponds with it's exodus from former colonies which it exploited for it's own interests.The Uk can no longer get rich on the backs of foreign countries resources and labour and it won't be long until it has a third world economy.Thatcher ruined the industrial base thinking the "city" would fill the gap,generations of technical ingenuity and skills have been lost.
oceallaigh2003 2 years ago 29
@oceallaigh2003 Generations of technical ingenuity and skills would have been lost anyway unless we all moved to China to keep our costs down. Manufacturing will do better where labour is cheap, so why wait.
johnje82 1 year ago
@johnje82 yes you are right ,but what is going to replace manufacturing in Britain,oil will run out in our lifetimes and the "city" cannot be relied on to generate wealth.Countries like Canada or Australia have relatively low populations with huge resources so they will survive as suppliers to the Asian manufacturers but Britain once a powerhouse of quality manufacturing will have nothing to trade in the future.
oceallaigh2003 1 year ago
@oceallaigh2003 Yes, I don't think the argument is silly by any means. Given the education lag to production, the only way will be to get the City going again and to drop business taxes (hopefully outside the EU which wouldn't allow it). It will take ten years before politicians can say that we need to deregulate banking again.
johnje82 1 year ago
@oceallaigh2003 Yep as soon as the other countries realize the are the one's propping us, and our military is too stretched to retaliate they'll probably split. Only reason why america hasn't crashed is because the $ is the reserve currency. Looks like the northern sea oil is running out rapidly so the UK gov will probably go along with the US invasion of Iran to secure oil. (Did you know that Iran began trading oil in euros in 2007, just like Saddam began to trade oil in euros back in 2000.)
LuqmanNaq 1 year ago
@oceallaigh2003 , workers of the world unite, Lets kill a couple of hundred million again.
leonidas512 1 year ago
@oceallaigh2003
Eh? The UK owns the largest oil and mining companies in the world. Moreover, the UK is the 6th largest manufacturing nation in the world. Britain manufactures more cars now than any time in its history. 50% of the world's airlines have British engines and vital components, e.g. wings. Advanced engineering like F1 is dominated by the UK, pharmaceuticals, entertainment and food, clothes, etc, etc Ironically, a lower pound will see the UK manufacture even more.
OddThomas88 1 year ago
This has been flagged as spam show
@oceallaigh2003
Eh? The UK owns the largest oil and mining companies in the world. Moreover, the UK is the 6th largest manufacturing nation in the world. Britain manufactures more cars now than any time in its history. 50% of the world's airlines have British engines and vital components, e.g. wings. Advanced engineering like F1 is dominated by the UK, pharmaceuticals, entertainment and food, clothes, etc, etc Ironically, a lower pound will see the UK manufacture even more.
OddThomas88 1 year ago
@oceallaigh2003 the bitch Thatcher and the actor moron regan both ruined and sold out the ppl of USA and UK. Shame. 2 of the most powerful empires destroyed by banksters .
88norimaki 1 year ago
Is there anyone out there that thinks Gordon Brown could run a sweet shop.
bayhoecott 2 years ago
Haha, why would you even want to bother listening to a Bank guy anyway. The European central banks simply answer to the federal reserve anyway and as we are beginning to find out, the Rockafellers and others are running the fed (and half the world) and also hope to reduce the world's population (through effects of the coming great depression? they are orchestrating? Quite possible!
geniusmarketing08 2 years ago
What else has the UK to sell? Military won't fill the defecit. Services industry is badly battered. What else is there. We don't make anything on a scale large enough to sell to others. We have no natural resources. Oil is running out. A country def a shadow if its former self, and things will only get worse.
nav122 2 years ago
The U.K. is the world's second biggest exporter of military equipment (planes, ships, missiles, tanks, guns, ammunition) after the U.S.A. Unfortunately, as long as there are wars in the world, the U.K. will have something to sell.
Also, the Eurodollar market (petrodollar recycling from the Middle East) also takes place in The City. So, irrespective of unemployment, hollowing out of manufacturing, a HUGE amount of foreign investment will continue to wash through London.
youarestupidbecause 2 years ago
Whats stopping investment from going to other countries, where taxes will be much less and will cut less into their returns. Why does everyone think all the big financial companies will stay in London? Whats stopping them from all moving. If the good ppl move im sure the companies will too.
nav122 2 years ago
It's all about oil, as it always has been. As long as Saudi can persuade the other producers to only sell in USD then New York City and London will remain as the two major financial centres where petrodollars get recylced. Look up any of the top 500 U.S. listed companies. In the top 3 institutional shareholders is Barclays Capital. $1 trillion worth of shares. From a £30b bank. It's oil money washing through London. The same is likely true of U.K. listed companies, except you can't...
youarestupidbecause 2 years ago 3
...find that out.
Also, look up London Gold Market Fixing Ltd. That is a legalised cartel who "fix" gold prices (that would illegal for any other commodity/product). Imagine you are a major holder of U.S. T-Bills, and you have lost faith in the Dollar and want to off-load and convert to, say, gold. If the price is artificially "fixed" by a London cartel, that limits your options to protect your investments, further trapping you into funding their trade deficit...
youarestupidbecause 2 years ago
Look at your customers though, the entire Western World is in a debt crisis, unless you're prepared to start selling military equipment to Russia and China, those markets are going to dry up. You should also start following the OPEC meetings more closely. They've already resolved to stop trading oil in USD. It's only a matter of time before they find something else. China just made the first purchase of IMF Special Drawing Rights; these may be a future candidate.
bobjman 2 years ago
The other two guys are denying reality. The guy in the middle seems a bit arrogant as well.
whereismybailouttv 2 years ago
Disappointing that the other two guys are taking the usual life-is-great approach. Almost two years after the recession hit, the Stateside govt. FINALLY said, yes kids it's true. We are now "officially" in a recession.
Now 2009. Bernanke and Geithner are still printing endless amounts of money. Brown is in step with Obama and refuses to go in a radically different direction.
The U.K. debt is what % of the GNP? Over 100% now? What drug are these guys on?
whereismybailouttv 2 years ago
If Jim was in his 20s and stayed in the UK after Oxford, working in the city of London, he would say the same as the two other fellas.
historyboy12 2 years ago
UK still got Cadburys :)
rajcasino 2 years ago
Sorry it's been sold off now. :-(
frankabler 2 years ago
see how they say stuff to keep people public calm on the bbc
well done Jim Rogers u know what your talking about keep up the good work
rainstormaeroponics 2 years ago
ps its not sterling any more
its just pounds look at the note of tender
rainstormaeroponics 2 years ago
the uk is fu*ked what things do we make nothing what resources do u have none
yep were fu*ked
moorad is lying
its about 4 times the ww2 debt lol not as much as ww2 lyers
rainstormaeroponics 2 years ago
Rolls Royce is owned by BMW. I'll take the advice of the Southern billionaire gentleman every time.
order9066 2 years ago
Yeah and your car industry is booming right!
choffle33 2 years ago
neither am I a banker nor an economist but even though even I know that if somebody is in debt nd does not produce enough incone to pay of the debt and to live at the same time then he is bankrupt...
this applies to the united kingdom does it not?
SweetSixteen24 2 years ago
Jim: "Sir, what are you talking about?"
brianzsr 2 years ago
u wait and see the level of corrruption and crime go through the roof in the UK..
panleh75 2 years ago
UK financials owe tens of trillions in derivative payments. So does the UK let these financials destroy the UK economy by letting these bankrupt financials fail or do they destroy the currency by using it to prop up the financials? There is no way to win, there is no way to come out. This is the game that has been played on 3rd world countries for years. The chickens have come home to roost. Sell up and get something with a piece of land to raise food. Thats it.
duncan36 2 years ago
JIm Rogers knows what he is talking about. The rest of these guys are crooked and lying. I too agree that Jesus christ is about to return very shortly. HOw long? I dont know, but all the signs are here. It has to get a lot worse though. But this is going to be the catalyst into the worst tribulation ever. Its all the Jesuits fault, and the corrupt world governments which are run by Satan himself.! DIE SATAN! DIE!
comazzi07 2 years ago
Stephen Green has asked the Queen to call a day of national repentance. I think I will write to her as well, and ask for this too.
realzoomy 2 years ago
I am praying for the people of the UK to put their trust in Jesus.
The UK must repent of all the sins our country has committed.
The UK has been murdering children and old people. It is a very bad time to be a child or an old person, if you live in the UK right now.
I am praying for people to repent and Stephen Green is praying as well, for national repentance.
realzoomy 2 years ago
I am from britain and this is scary, But we'll get through this cause people from britain, in case you haven't noticed can fight.
chris030775 2 years ago
That "Rolls Royce and pop music" is gonna save the UK economy comment was dumber than shit, but funny and amusing...
pasatio 2 years ago 3
all illuminati banks that have pulled the plug ready for what they beleive is coming in 2012
COUNTCARDULAR 2 years ago
Anton,wake up, London was the centre of the world in the 19th, then NYC took over in the 20th, now it´s asia. Relax. And isn`t it unfair someone ever called Tony Blair, Bush`s poodle. So unfair, poor poodle´s, he was Bush`s chihuahua at best. Btw, your sub-primeminister now is the same sucker for the US, or? England and service? Your kidding? That´s like italian efficiency or german humor or a japanese casanova, hahaha.
smilosmilos 2 years ago 2
never mind pop music comment lol but england has never produced anything we are a service country and we are still the highest currency and believe me when a country has ruled the world for a thousand years with no productions just trades we would know a lot more about keeping things in order this Jim Rogers wants to criticise the UK Jesus! Has he forgotten where he's from. He also thinks that pretty soon we will all have to immigrate to China for a better life.
antonimbret 2 years ago
The Brits just don't get it. It's bad enough they are a bunch of appeasing socialists, or more accurate - anti-capitalists. They are turning their country over to Muslims who have openly said they will take over the west not with bombs, but slowly chipping away at freedom with the help of the enemy within - liberals in Britain and in America.
BamaKattt 2 years ago 3
sterling smashed. jim on the money again.
fishermanchannel 2 years ago
rogers is right. the grinning assholes hes talking to know it too.
n7nzr8 3 years ago 2
Fuck you and your American attitude its what destructs your narrow minds and makes you fail cause you wanna be a bully and shout out something that makes no sense and what's more disturbing is that you actually believe in what you say I mean why am I going to believe what Jim Rogers says when he made it clear that he never looks at government rates. Basically he has no more sense than me or you. America tried to shine and it rusted now the rest of the world has to pick up the pieces.
antonimbret 2 years ago
Morad sounds like Baghdad Bob. I now understand why they want Mugabe out so bad ........humm......... it is now all to clear .
islandbajan 3 years ago
Rolls Royce and pop music. Sure if you charge $1000 per music, you can replace all the North Sea oil. Only idiots would buy R.R. and UK entertainment.
nemnaisa 3 years ago 10
hey,
there´s nothing wrong with UK entertainment, on the contrary,
it`s just very silly to throw that in as an argument to counterbalance the coming loss of the North sea oil revenue.
That guy should´nt give up his dayjob.. same with RR,
nothing wrong with buying a RR, if you can afford one,
apart from the fact that RR is owned by a german company called BMW, haha. What numbers is he looking at?
Room temperature in equilibrium with the IQ and for that performance it´s Celsius not Fahrenheit.
smilosmilos 3 years ago
Well the Rolls Royce is not only cars:)...
Jet Engines, Marine equipment etc...
But I understand your point of view:)...
Rafal264 2 years ago
@nemnaisa aye aye. i heard his argument and my jaw just dropped. we are screwed.
empressjulz 1 year ago
@nemnaisa
North Sea oil will last for decades, maybe a 100 years yet. The fact the the UK now imports oil is relative. It's economy has grown to the point where it needed to do so.
The RR he was referring to is one of the world's largest aerospace and defence manufacturers, not the car maker. The UK has some of the largest defence manufacturers on the planet, e.g. BAE, RR, etc,.
OddThomas88 1 year ago
Fantastic how these british eggheads don´t get it. Try travelling. Amazing , they seriously think Britain has anything left to offer economically. Don´t get me wrong, I love britain but if these guys are in charge of anything, decline is inevitable.
Rolls Royce, haha, good point mate, Rolls Royce Cars is a german company. Popmusic , what drugs are you on?. Revenue in the music industry over the last 10 years down by approx. 80%.
And your Sub-Primeminister loves Bail Outs.
Game over!
sertuerner 3 years ago 4
Looks like Britain will be saved after all... by Rolls Royce and pop music
mrdavidlopan 3 years ago 4
And these are investor wizards who influence what happens? Maybe the Arab.
CynNichol 3 years ago
The Paki is full of it.
pathologyex 3 years ago
Pound sterling used to be worth literally a pound of sterling (silver) or 12 troy ounces which is currently valued at about $152 compared to the GBP which is worth $1.45. The pound has already lost more than 99% of its original value.
pathologyex 3 years ago 3
5yrs time Britons will be domestics in India and China.
Rule Britania............will never be slaves.
The rest of the world will treat you as you have treated them. A lesson in Christian charity or karma.
spinoza1662 3 years ago
im not versed in economics so feedback would be appreciated - the impression i get is that uk/boe will continue to drop base rates and that this in addition to worldwide aversion for debt ridden sterling assets means the pound is likely to slide lower than 1.40 to the $....much lower - i dunno? Does my thinking make sense guys?? (i hold UAE dirhams in effect dollars and want to repatriate my cash ie buy sterling - should i wait??)....i think i should but give me your views pls
flyingvkid 3 years ago
Moorad is using standard keywords to emotionally manipulate the viewers. "Not entirely" "the fact is".. this guy should be a fucking politician, not a banker, at least that way he can just accept that he is a fucking subhuman prick.
England and the USA are FUCKED. PERIOD. Anyone who says different does not understand what they're talking about.. and if they do, they're fucking immoral wankers for trying to decieve people with nonsense.
shrunkensimon 3 years ago 7
lol i think he's too bald to be a baby kisser
launchpadmcquak 3 years ago
Moorad Choudhry sounds much like the Wall Street yuppies. When asked about the possibility of the US dollar tanking, to a man, they all said "It will NEVER happen. NEVER!!"
lol "I say, ol' boy...the Sterling has been around for 1 million-billion years. Pip pip cheerio". Moorad is Visiting Professor at the Department of Economics, London Metropolitan University. There is NO WAY he can be oblivious to the impending disaster. He's obviously lying, likely to quell any panic among the sheep.
mrmres 3 years ago 5
Rogers owned them...and plus he is a multi billionaire....The other too just employees....
bowenbo 3 years ago 3
Where did you read that he is a billionaire - I'm looking for this information.
FinancialQuant 3 years ago
Rogers is not a billionaire..
he's well off though..
Choudrhy is a filthy bitch who is dead wrong..
bakinjoo 3 years ago 3
Locked in a room with a snake, polar bear and a banker (moorad choudry), who do you shoot first?
The banker and shoot him twice
Locked in a room with a snake, polar bear and a banker (moorad choudry), who do you shoot first?
The banker and shoot him twice
barnibu 3 years ago 3
unbelieveable....."pump in more money and everything will be tip top..."
AwakenSafely 3 years ago 3
roll royce and pop music... ??? send this to guy to get a brain check man!!! I doubt there a many people who like UK pop music!!! God fuck the queen!!!!
basiclifej 3 years ago
I don't think many people listen to contemporary pop too, but I don't know how much that market is worth. Have you got any numbers about how much that market's worth.
FinancialQuant 3 years ago
Smells a bit like Jim has something to gain out of his comments, am i dreaming?
jordibares 3 years ago
jim is already a billionaire...
ednan9 3 years ago
Where did you see this - I'm trying to look for this information.
FinancialQuant 3 years ago
just read his bio, i don't think you will find the exact number of much money he has but you will get an idea....lets put it this way, he is not hurting for money, he retired at 37 from the famous Quantum fund
ednan9 3 years ago
Seems the UK still is not bankrupt, but then again I guess we still have time don't we?
jordibares 2 years ago
UK s goning to be bad....
very bad.ECOnomacly
not as bad as ww2 cause in 1945 less wealth so very bad
evilferret132 2 years ago
@jordibares The economy in the UK is in bad shape, but I would not worry about a collapse. I am from the USA and I have been listening to these "experts" chirp this bullshit for the last 2 years. According to them the states should be bankrupt and dissolved. Things are tight here, but nearly as bad as they make you think. Hold fast and weather the storm out.
Jacobrester 2 years ago
Please explain how it will 'storm out' this should be very interesting. The UK is in terrible shape, as is the USA. The UK produces nothing and a 'service economy' has proved to be flawed. China produces everything and will be the dominant power in the world. Regarding these 'experts', are you talking about the people who consistently warned about the recession when people were laughing at them? Yeah, keep your faith in Obama/Bernanke.....
theguvnorjimmy 1 year ago
@theguvnorjimmy China has a population of 1.3 billion, of which 1 billion are classified as poor. It is imperative that they keep producing or they will experience massive civil unrest. These "experts" offer you nothing that cant be found in the financial section of a major newspaper. Jim Rogers by his own admission is wrong half the time.
Jacobrester 1 year ago
We could potentially have a currency crisis and our money has been drastically devalued. I do not think many people actually believe that US will pay back their debt to China. Look at the value of the pound today, it will only get worse and worse, as will the dollar and the Euro. The power really is in Asia and the important point is that politicians will not embrace the recession, which is what we need to rectify the false bubble. They are concerned with getting re-elected.
theguvnorjimmy 1 year ago
If anyone from the Euro Arab bank is reading this - please beat some sense into Moorad's skull ( a baseball bat could come in handy), when you lose your job. thanks in advance!
FamilyBucket 3 years ago
lol rogers told him the sterlings value dropped from 5 dollars to 1,5 dollars in 100 years and this dudes answer is ohh its the markets. veeery competent lol.
jonz23m 3 years ago 5
"Upside to a weak currency" -- yes, like making their pop music affordable to the world.
whitetower67 3 years ago
Lol rolls royce and pop music will save us! What a complete idiot. Yet again someone who's got to their position in life via being skilled at talking utter bullshit.
Ntone606 3 years ago 6
The keynsians are taking over :-(.
Someone should write that into a song....
Claytrainor 3 years ago
Jim argues with a clown.
qminusis 3 years ago 2
this is a classic... a banker who talks in such hyphalluting words against an investor that uses normal words. who usually makes more sense in such a situation? the man that uses normal words - he doesnt need such complicated words to hide any incompetence.
trxtan1 3 years ago 4
Indeed the Roman currency never 'disapeared' - you can still see some of it on display in local european museums!....
mossmac1 3 years ago 2
It is funny that Chaudry thinks that Rolls Royce and pop music exports will save the UK economy.
cushmandavis 3 years ago 2
Oh, sterling will not disappear, but it will be on par with the Zimbabwe dollar.
cushmandavis 3 years ago 5
Rogers is the only honest one and the other two are transparent in their dishonset pandering.
FarFromEquilibrium 3 years ago 2
Well thats not totally fair Abberly is trying to be honest but will not call foul with a $99billion portfolio to manage. Choudry is full of it though.
FarFromEquilibrium 3 years ago
What those idiots fail to see is the fact that this is only the beginning of the inevitable economic collapse that the U.S. and Europe will experience. This will be much worse than the 1930's. Almost every economist didn't see what was going to happen in 1929/1930 and the same thing is going to happen this time.
JackNeedles 3 years ago 3