The UK *JUST* Flipped | The Collapse of the United Kingdom.

hey everyone meet Kevin here boy oh boy

the United Kingdom has gone through hell

over the last few weeks and in this

video I'm gonna catch you up to speed

with everything you need to know about

the United Kingdom in a really fast

bottom line way right up to the speech

by the brand new prime minister today

and what it means for the United Kingdom

what just happened and what could it

potentially mean for the stability of

Pension funds and bankruptcies that we

had been fearing because we've actually

been getting pretty close to those let's

talk about all of that in this video

brought to you by MooMoo link down below

okay so here's the short story Boris

Johnson went partying while covid was

happening telling everyone to be on

lockdown that haunted him for basically

a whole another two years then he's like

all right fine I got too many votes of

no confidence and even though I could

hang on to power I'm a leaf and so then

the Tory party who had a 2019 mandate

which is kind of like their concern

derivative ish party but you don't want

to just label them as one thing they're

the Tory party okay all right we gotta

be careful here anyway they decided to

place Liz truss in power well she was uh

not exactly like a Morgan uh Thatcher or

Theresa May and instead made a few quote

mistakes and you'll see where those

quote mistakes come from but basically

her policies along with the chancellor

of the exchequer which is kind of like

the treasury secretary except it's for

the United Kingdom quasi cavatang

decided hey you know what we're a

country of entrepreneurs and in order to

incentivize entrepreneurship and growth

we're just going to cut taxes for the

rich we're gonna stimulate businesses

reduce taxes on real estate and help

subsidize everyone's electricity bills

and gas bills energy bills well what

happened well you basically had a

collapse of the bond market because all

of a sudden funds decided oh we don't

feel comfortable in the financial

stability of the United Kingdom let's

sell our guilts which are United Kingdom

bonds and when those get dumped the

prices of them go down and yields go up

and because so many people were dumping

these bonds and potentially then dumping

the British pound for other currencies

maybe like the US dollar where there's

more stability and strength and then

even though that's kind of weird to say

that the United States could have more

stability ironically when you have a lot

of gridlock in the United States that is

a form of stability anyway beside the

point the pound plummeted big Panic

happened big Panic led to so many margin

calls at Pension funds that Pension

funds had to start scrambling to sell

assets they had to start taking

Emergency Loans from the corporations

for whom they do their Pension funds

then they started trying to sell

illiquid assets like real estate but the

margin calls were coming in so fast that

companies in charge of putting the

margin calls together and actually

processing them couldn't even get bonds

offloaded fast enough basically Liz

trust led to this complete disaster

which then led to certain uh I think it

was the daily something I don't know

some particular newspaper Iran uh a

challenge and said who's going to last

longer this head of lettuce or the

current prime minister Liz truss and

sure enough the lettuce won she ended up

being the shortest serving prime

minister and now we're going to go to

the youngest serving prime minister

which I suppose it would be the youngest

prime minister since like the yeah I

think since 1812. it's quite remarkable

and this person is uh quite rich in fact

in the United States that can tend to

give you credibility but in the United

Kingdom that's actually pretty uh rare

Rishi sunach is the prime minister now

in the United Kingdom and uh he gave his

first a speech this morning he was a

little bit late to give his speech but

then again he met the king the queen is

no longer with us

anyway there's a lot of political drama

in terms of whether you say rest in

peace to the queen or you don't uh you

know we're just gonna put that drama

aside that's a whole nother Twitter

debate and quite frankly that's a video

on its own so instead let's talk about

what arishi had to say for the United

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so he had to say that quote our country

is facing a profound economic crisis and

the aftermath of covid lingers he says

that Putin's war in Ukraine has

destabilized energy markets and Supply

chains and when it comes to Liz trust

she's not wrong to want to improve

growth but mistakes were made and even

though they weren't made of bad

intentions I've been elected to fix them

now I will say Richard comes across as

pretty dang polished okay he was pretty

solid during covid although of course

people are going to debate his

performance during covet because any

government official during covid just

got stuff wrong that's just the way it

worked but I have to say he was pretty

damn calming to listen to now it isn't

it kind of his entire speech in my him

he didn't really say much he said look

his priority is going to be fixing

mistakes and economic stability and

confidence now this is obviously you

know he prefaced this before talking

about economic stability and confidence

by saying look Liz trust tried her best

with her best of intentions but she made

mistakes he's trying to basically say

look like she's still a good human being

even though the lettuce had beat her

but then he kind of has to bash her too

and he has to do that by saying look I'm

going to stand for stability because you

don't want the bond market to freak out

and so far markets are actually

responding calmly Rishi is bringing calm

thank you very much now he does say that

there will be difficult decisions to

come and a priority is making sure that

we're not leaving our children saddled

with our own debt and then of course

goes into sort of this politician list

of all the things he's going to do like

somehow he's going to strengthen the

social safety net while making sure that

straights are safe safer and the borders

are controlled and we have better

schools and we protect the environment

and we support our armed forces and we

build an economy that Embraces the

future opportunities blah blah blah okay

look bottom line out of all of this okay

reishi is calm great this is exactly the

kind of person we need a lot of folks

were like Kevin Bojo's gonna come back

that's Boris Johnson remember he's the

coveted guy who left who was partying

now we can really go party because he's

done okay so and he can go party with

less trust because they're all also in

the same party the Tory party anyway

rishi's in charge now and the goal is

calm Bojo was potentially going to come

back but the last thing you want is

somebody who basically got forced out of

the Prime Minister uh ship or whatever

you want to call it coming back in to

try to take over the reins after

somebody else failed okay bad you need

somebody new this Rishi decision by the

United Kingdom of the Tory party okay

they ultimately made the decision was

the right decision in my opinion we get

common markets this is really critical

because the United Kingdom can now

potentially avoid the pension fund

collapse that we've seen

nearly happen now what is important

beyond that is that it wasn't just the

United Kingdom that had pension fund

issues it's more heavily pension fund

indebted countries like the Netherlands

that are now becoming more nervous about

their own potential pension fund

obligations and these sorts of things

are leading bonds to be sold off

preemptively in preparation for

potential Financial stress in other

economies around the world now what's

important for us as sort of a bottom

line to know is that right now the drama

of the United Kingdom might be over and

that's really good but now that this

candle has sort of been put out we kind

of have to look around and look for

other potential Financial stress I don't

believe at the moment at least that is

going to come anymore from the United

Kingdom again it's worth paying

attention to what happens in the United

Kingdom because their inflation rate

just take back over 10 percent

but beyond paying attention to it I

don't believe we Face any longer the

collapse fears that we were facing just

a few weeks ago now we'll see what

rishi's new policies are but honestly

the best thing Rishi could do right now

is very little just talk tough on on

Putin and you know what in fact my

opinion okay I'm just gonna take this

out of my own little Playbook over here

best thing Rishi could do now get on the

phone with Biden get him off his

freaking butt and get on the phone with

Putin and stop this damn war that is the

best thing that can be done for the

entire world all right now thank you to

Mumu for sponsoring this video and folks

hopefully appreciated this update and

insight and a sort of full summary on

what the hell is going on with the

collapse of the United Kingdom and is it

something that we need to be concerned

about now thanks so much for watching if

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