 Anyway, Alexis says, all I read about the UK these days is gloom and doom. Even relatively to Europe or the US, do you share that pessimism? Alright, so let's talk about the UK and then in that context, that's a good time to talk about Liz Truss. I probably share that pessimism about the UK relative to the United States. I do think of all the countries out there, the United States is actually going to do better than most of these other countries. Now it depends if Liz is better than I expect, right? If Liz is going to be on the, there's a spectrum of how good she could be, if she's better than expected, better than I expect at least, then the UK could do better than the US because one thing we know, the US is going to respond terribly to the coming economic recession, to the coming economic slowdown, the UK might respond more sanely to it. So I think there's a lot of upside in the UK given, so Liz has rhetoric, given that she's new. She's new to jobs, she's coming in an emergency situation, she could do good things. But I think the UK is better positioned than Europe in the sense that generally it has a more flexible economy, it has a more flexible labor force, it has better labor laws than does most of Europe. And again, Liz has the opportunity here, I'm calling her Liz now, Liz has an opportunity now to really make a big difference in the UK. You know the left under Obama, there used to be the saying, right, this is a saying that goes back a long, long time ago before Obama, but in Obama's presidency they used the idea of never let a good crisis go to waste. Well that Liz's trust should embrace that, never let a good crisis Liz go to waste. So yes, go in there and start deregulating, which she has promised to do, one of the things, one of the better things about Liz's trust is she has gone in and said, I am going to do away with all the European Union regulations that hold back the British economy. Now that we're not part of the European Union, I can do that. I can do away with all those regulations, right, before, and this is the great advantage of Brexit. Now the UK is independent, it can decide to get rid of those, and one of my biggest criticisms of Johnson, and my biggest criticism of Johnson in the context of Brexit was he kept all the regulations, so point of leaving the European Union, the whole point of leaving the European Union was to be able to get rid of the statism of the Europeans. And Johnson embraced it, he kept it all, including all the environmentalist regulations, all the labor regulations, all the other regulations on business that, trust has said, whether she will do it or not is a different question, but she has said that she will start getting rid of those regulations, regulations that come from Europe that are, now all of the regulations are unnecessary, but a reduction in regulation will help the UK economy dramatically and significantly. She's also talked about cutting taxes. Now I'm not a huge fan of cutting taxes, unless you also cut spending. So we will see if she is serious about cutting taxes and willing to cut spending and willing to deregulate, if she does, yeah, Alexis, I think the UK economy is going to do better than the US economy. I'll add to that, that the UK is facing right now a major energy crisis. And the Johnson administration, which by the way, this trust was a part of and a big supporter of, so that's why one has to be a little skeptical about her, maybe a lot skeptical about her, but the Johnson administration became a super green administration. By the way, the Johnson administration raised taxes. They had the highest, right now the UK has the highest taxes in UK history, under a conservative government that controls the House of Commons, it controls Parliament, and yet they raised taxes. So Liz wants to reduce taxes, that's good. And she actually said something really, really good, and she was pushed, I think it was the BBC or one of these TV shows, and she's pushed in like, you want to redistribute wealth from the poor people to rich people, and she said, and she said, which is actually quite good, she said, we need to stop talking about redistribution of wealth. I am not going to be focused on who gets what and redistributing what. I'm focused on growth, I'm focused on growing the economy, and if we grow the economy everybody will benefit, which is absolutely right now. She could have said a lot more, she could have made a more argument, you can't really expect that from politicians today, but anyway, she said that, and I thought that was quite impressive that she stood up, the TV host thought she had a nail to it, a big shot of, and Liz stuck to, I'm going to lower taxes, particularly on the wealthy, well not wealthy, people making more than 50,000 pounds a year. So the focus was on economic growth, which is good, better than the alternatives. We have a president committed to negative economic growth, and we've had almost no economic growth for a long, long time. So if Liz trust turns out to be the better version of herself, if she challenges, if she channels, channels, who, hero, she says Margaret Thatcher is a hero, if she channels Margaret Thatcher, the UK is going to do better than the US, because the US does not have a Ronald Reagan right now, and she could use this crisis to really turn things around. Other things that Liz trust has talked about doing, again taking advantage of the current crisis is expanding, drilling in the North Sea. Now that won't change, that won't change all prices anytime soon, but I put the UK on much better grounding, and it will bring about a significant optimism about future prices of oil, which I think will really help energy markets in the UK. She's talked about, she's talked about approving, fracking, oh my God, fracking in the UK, because it turns out, shockingly, is there's a bunch of natural gas in the UK and it's Johnson who stopped the fracking. It's Johnson who prevented fracking. If they had started fracking two, three years ago, there would be no energy problem in the UK right now. So if Liz can start fracking, fracking, fracking, yes. If Liz can start drilling in the North Sea, now she's declared herself to be and she will continue to declare herself to be an environmentalist. Everybody believes that environmentalism is sacred and good and all of that, but if she in spite of that actually has the courage to allow for fracking in the UK and to drill in the North Sea and to expand oil and gas production, she has a chance to really make a real difference. And if British people start seeing energy prices maybe go down just as prices in the rest of Europe are going up, if the UK starts seeing a path towards not energy independence but less reliance on other countries, I mean one of the problems the UK has is that France, which gets almost all its energy from nuclear and there was talk about France exporting energy to the UK, well France has a problem of maintenance of their nuclear power plants. They're under invested in the nuclear power plants, so France is facing an energy crisis. In spite of the fact that if all of their nuclear power plants were functioning, they would be flush with energy, over half of them are down for maintenance, shocking, they've just under invested so that if all of the nuclear power plants were functioning they would be actually exporting energy to the UK, the UK is not going to get that, so they better provide their own. Now again this is an instant, but markets build in price and expectations and if she's, she creates an expectation in the UK that yes there will be oil, yes we'll pro-energy, yes, oh the other thing she's pro, at least she says she's pro, again we'll see the actions. She's pro-nuclear, she's talked about micro nuclear power plants but also big nuclear power plants, she's pro both, which is also terrific, so she seems to be a very pro-energy Prime Minister in a way that I don't think the other candidate was. She seems to be pro-markets generally, she seems to be pro-cutting taxes, which I think and hope will also mean cutting spending, and she seems to be, I don't think she's pro, although we'll see if she actually manifests it, is pro-trade. She was the Minister for Trade for a while, she's got to deal with Japan, she's got to deal with other countries, hopefully she will go out there and really accelerate the idea of the UK being a trading nation and a trading island and this free trade bastion, and if she can do that the UK will recover a lot faster than the US because the US, one thing we know about the US is that both political parties are anti-trade, both political parties are anti-free markets, both political parties are anti, I mean the Republicans are much better on energy, but on every other thing, Republicans are pretty pathetic. I've said this before, actually think the Conservative Party in the UK is better than the Republican Party in the US to a large extent because they don't have religion, she claims to be religious but she doesn't go to church, it's just not that important to anybody and also because just listen to British politicians and listen to American politicians, the Brits are so much more intellectual, they're so much more thoughtful, they yell at each other in parliament and they get it out of their system and then the rest of the time they were actually engaged with issues and talking about it and you might hate them, you might disagree with them, but they're talking about issues and they're talking about ideas and they're talking about what they want to do and they're not just dealing in, I don't know, slamming the other side, conspiracies and just political nonsense, at least that's my impression, so let's trust educated in Oxford, very well spoken, yeah I agree with Taze, she sounds like a robot, she's kind of dull, I mean I had my preferred candidate, I had my preferred candidate but she lost in the previous rounds of the presidency, she would be terrific, she was an immigrant from, well she was actually, I think she was born in the UK but went and was raised in Nigeria and came back, so she put to Nigerian parents, Kemi was terrific, I like Kemi a lot, I hope that Liz Truss will give Kemi a significant position in the UK government, I think it would be terrific to have a voice, you know Kemi is unabashedly pro-capitalism in a way that not a single American politician that I know of is, so yeah and none of the religion, right, so completely poor markets, none of the religious baggage and she's, you know, she's from Nigeria and that combination is just, Kemi Badenok is very very good, so I'm hoping that she gets a senior position in the cabinet, I've not seen yet, I think there were some stories maybe in the telegraph of what the cabinet would look like but it's behind a paywall so I couldn't get to see it, so anyway I'm positive, you know as I said Kemi is, sorry Liz declared environmentalist, she was a big pro Johnson, so I don't know how much of that was politics and how much of that was sucking up to the boss, I don't know, Johnson was one of the worst prime ministers in British history and certainly one of the worst conservative prime ministers in British history, so he was terrible, so I'm hopeful she will be better, I'm hopeful that she will take real strides towards liberating the UK economy, given they've done Brexit there's real opportunity to lower tariffs, lower trade barriers, given that they've done Brexit there are real opportunities to reduce regulations and reduce taxes, given that they've done Brexit UK can really set an example for the rest of the world on how to liberalize an economy and get richer, so at a time when the world is heading towards a recession, at a time when we're facing stagflation, significant inflation and stagnation, you know I think that somebody like it reminds me a little bit about the same time as Thatcher came into office, Thatcher became prime minister at a time when the UK economy was in the pits, when inflation was on the rise, when the economy was not growing and had grown for a long time, there was real pessimism in the air, people were depressed and Thatcher turned the UK around completely and thoroughly and Liz Truss has an opportunity here, a real opportunity to make a big difference, so I'm excited by it, I hope she lives up to my excitement, she probably won't, she's a politician after all, but let's hope, let's hope she does and if that will be the case, you know we'll have a country, one country in the world heading in the right direction as everybody else is not, so Alexis, I think there's reason to be demiglument of inflation and recession, but the things that can be done to prevent that or to reduce the impact of that, I think you've got a prime minister that is at least willing to talk about doing those things, we don't have that in the US, so you know you're in somewhat, you can be a little optimistic, I am, I'll take her for now at her word. 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