WEBVTT

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We just passed the point of no return.

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Prepare now because this has been confirmed

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to turn into a global crisis.

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And we're already seeing the ripple effects

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right around the world, even today.

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And it's really only a matter of time

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until this affects you as well.

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But some slightly good news today.

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I'm gonna take you on a beautiful walk

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as we go over all of this less than beautiful news.

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And this really isn't going to be good, ladies and gentlemen.

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And we're gonna walk all the way up

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to a very old historic stone tower here on the Isle of Man.

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So stay until the end.

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So let's begin with some very important context then

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around the Iran conflict.

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And I know you'll have heard a few of these points

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over the last 24 to 48 hours,

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but I really want to give you context around them

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because I don't think they're giving these things

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enough emphasis.

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And we'll begin with the South Pass natural gas field,

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which is shared between Iran and Qatar.

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And it's actually absolutely crucial for natural gas,

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crucial, and we've just had a major hit on it.

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And if you think about it,

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you've now got 20% of the world's natural gas offline.

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And some of it is not gonna be turned back on

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for five to seven years.

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These are the conservative forecasts.

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You've got 10% of the world's oil right now turned off

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and there's no way to turn it back on for a good while yet.

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So this is simple supply and demand economics

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and we'll go through all of this today

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so that you are prepared, you're better prepared

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at least for what is about to come

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because I really don't think that most people

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even understand the implications

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of what is going to happen because of this.

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And I'll keep it all factual.

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There's no fear based stuff here.

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I'm just giving you the facts

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so that you can actually prepare.

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And I can see the tower here in the background,

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which is where we're going to walk up to.

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There it is.

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It's a very, very long walk yet.

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So let's get going.

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So the South Pass field then world's largest

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shared between Iran and Qatar

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actually forms an extension of Qatar's North field.

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It's North natural gas field.

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And I think they were just as shocked as everybody else

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that this was struck.

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And I think nearly everyone was really surprised by this.

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Even Trump was surprised when he found out about it.

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You saw on the press conference,

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eventually the sort of truth came out

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that Israel decided to strike the field

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and in response, Iran struck Israel back

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and so on and so forth.

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And this is the nature of war

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and it's only going to accelerate.

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So Iran is now heavily targeting its neighbors

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and even the commentators don't seem to understand

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why they are doing this.

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Now, if you think about the strategy behind it,

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it's obvious to put pressure on them

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to evict the US from these countries

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or maybe it's to have them pull their investments

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out of the US.

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Either way is going to be economically

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a massive blow to the US.

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But on the flip side of that,

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the US has its own energy.

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It has a lot of energy

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and they can also get a lot of energy from Canada,

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which is a net exporter of energy.

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But it's kind of interesting,

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even though I said weeks ago,

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it's still going to hit Americans at the gas pump.

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I would say the majority of people didn't believe me

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when I said that statement

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and now of course we're seeing the results at the pump

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and this is only going to get worse.

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And actually coming back to the energy infrastructure strikes,

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I think we kind of got lucky in a way

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that four of the five ballistic missiles

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that Iran fired were intercepted.

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If they weren't,

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I mean who knows how bad the damage could have been.

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It could have been absolutely catastrophic for the world.

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And if you like geopolitical content

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and finance content like this,

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remember to subscribe to the channel here.

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It's absolutely free.

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Now this isn't even over yet

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because after the self-pars attack,

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Iran actually said they're going to be targeting

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a lot of energy infrastructure in Saudi Arabia,

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the UAE, Qatar,

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and they've actually started to make good on that promise.

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We've already seen a lot more strikes

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in the last 24 to 48 hours.

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And if you follow the charts at all,

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you'll have seen that gas prices surged by 30%

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within that period of the strikes and the announcements.

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It's gonna be an interesting one now

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where we're starting the really big uphill climb.

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So let's see if I can walk and talk

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and hold the camera and everything else all at the same time.

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This will be a good test of fitness here.

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In fact, you look at the UK prices as well.

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Gas jumped by 20% in one single trading session.

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I mean, this is just unheard of with commodities,

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20% in a single trading session.

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Oil hits even higher levels as well right away.

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We're still over $100 a barrel.

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And even though people keep telling me,

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it's gonna come back down, it's gonna come back down 80, 90.

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I just don't see it at all.

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I really don't.

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I think we're looking at higher oil prices for longer.

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Okay, we're getting closer now.

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We're getting closer

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because you just look at the facts.

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If the energy infrastructure has been destroyed

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and it's going to take five years, five to seven years,

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by conservative estimates to repair

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and get it flowing again,

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then it's just simple supply and demand.

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There's no possible way that prices can come back down

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unless you're gonna open up new pipelines or new fields.

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But if that's the case,

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where are these new pipelines?

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Where are these new fields?

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It's not that simple.

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You don't just turn on a tap, as I've said in recent days.

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This fleece was a great idea at the start of the walk

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and then the sun has come out.

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It's getting warm now.

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Let me just say that.

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But then another point I wanna talk about here

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and we're gonna loop back to all of this in a moment

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is the redundancies.

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So one of my charts just went crazy today.

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The alerts were just insane

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at all of these redundancies that have just been announced.

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In fact, this headline just came out

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that says more than 300,000 Brits

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are at risk of redundancy this year in 2026

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as a result of the Iran war.

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This is an actual headline that we've just seen

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and this is right across the Western world.

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Huge amounts of redundancies are going to be coming

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and you might ask, well, why?

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Well, it's because as the higher costs feed into business,

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businesses know that their highest cost,

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their highest expense is employees, it's wages.

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So what they'll begin to do

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is they'll start to make some layoffs.

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These were people that they were thinking of laying off

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anyway at the start,

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but then the ripple effect really comes through

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and they have to start laying off people

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that they don't necessarily want to lay off

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and this is where it gets really difficult

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because then you hit a term called employment scarring

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and employment scarring dictates

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that as more and more people are fired

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or laid off within the economy,

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it means that each one of those people was a wage earner

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so they spend their money into the economy.

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Well, what happens when you lose your job,

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you reduce your expenses, you tighten your belt,

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you just haven't got the same money that you had before.

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I'm starting to be a little bit out of breath here now.

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Here we go.

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Take a quick look at the views here

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while I catch my breath.

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So this is just a vicious cycle

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because the more people they get fired,

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the more people it leads to getting fired

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because those people can't go to the store,

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they can't go to the coffee shop,

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they can't go to the leisure place they go to

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because they haven't got the money to do it.

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So then those people at those businesses get fired

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and it just creates this cascade effect.

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It's not good.

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In fact, I was just reading this freedom of information

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request that was filed by the liquidation center

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and it was over 315,000 jobs

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that are about to be,

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what people are about to be made redundant.

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Okay, I think I'm gonna leave my fleece here

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on this wall as we climb to the top of the tower there.

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And no, don't worry.

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No one's gonna steal my fleece here on the Isle of Man.

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I can leave my laptop and wallet there for the whole day

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and no one would steal it.

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So, okay, so you might be saying then,

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well, Neil, is that a lot?

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315,000, is that a lot?

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Yeah, it's a lot.

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If you think the worst redundancies were in 2021

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around the lockdown periods,

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then that's actually 45% higher than that period.

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So is it a lot?

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Yeah, this is absolutely huge,

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what it's about to hit,

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this huge wave of layoffs and redundancies.

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And I just saw it in Dell's annual filings

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that they fired 11,000 workers, 11,000.

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I've got the numbers here.

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They spent $569 million on severance

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and they called it disciplined cost management.

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So let's put all of this together then.

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Let's put together the rising energy shocks,

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the rising fertilizer prices.

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We haven't even talked about that yet.

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The crazy cost of living explosion,

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the food prices are gonna have to explode

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because there won't be enough food coming very shortly,

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especially if this continues

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with a destruction of energy infrastructure.

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Travel and commuting is gonna be hit hard.

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So you'll see more work from home days

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and things like that.

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You're just seeing so much hit.

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You're gonna see as well stock markets are gonna go down.

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Golden silver will continue to go down

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and then they'll explode upwards.

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Why?

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Well, that's a whole nother video,

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but people are getting liquidated right now

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even a lot of funds with all of their option contracts.

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So that's why it's not someone said,

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Neil, are you selling all your golden silver?

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Absolutely nowhere.

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Are you mad?

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These are bargain prices to be buying at.

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Well, maybe not just yet.

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You're gonna see lower prices yet.

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But yeah, I'm definitely not selling.

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Let me tell you.

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But the other thing you're gonna see

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is stock markets go down.

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I'm sorry to say that ladies and gents,

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but they are stock markets are gonna go down

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because of the higher input cost

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because consumers will cut back.

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So all your consumer cyclicals gonna be hit right away.

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The other thing which people aren't really ready for

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is the bonds.

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Let's take a seat here for a minute.

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We're almost there, almost to the top of the tower

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and then we'll climb it.

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But yeah, we've got to talk about the government bonds

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because here's what people aren't realizing.

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As the bonds keep going up,

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the interest rates will keep going up.

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As the Bank of England, the ECB, the Fed,

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everyone starts raising interest rates.

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It's gonna make everything more expensive.

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And I'll talk about mortgages and things like that

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because I've got an answer for you now

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on fixing mortgages.

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We'll talk about that shortly as well.

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But the important thing I want you to think about

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is if government bonds keep rising,

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that means they're gonna have less money for spending.

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They're gonna have to go to austerity measures.

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That's not good.

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That's going to affect everyone.

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What could that mean?

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All sorts of things.

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Cutbacks in government spending and services.

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It could mean higher taxes on everyone as well.

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I mean, if this continues at this pace

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with the energy infrastructure destruction,

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you're gonna see something you've never before seen

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in your lifetime.

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It's gonna make 2008 look like a walk in the park.

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It's gonna make the 1970s and 1980s oil shucks

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look like a blip in comparison

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where you saw what happened with interest rates.

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They went through the roof.

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Some of you will be old enough to remember that that period

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where you had 15%, 16, some people 20% mortgages.

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Okay, this is possible again.

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I'm not saying that's what's gonna happen though.

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I just wanna be clear.

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I'm not saying this is gonna happen.

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I'm saying don't rule anything out at this point.

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It's too early to tell.

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But if this continues, then it will be worse than that.

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And I've shared with you so many times

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how you should be getting prepared for all of this.

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There's so many videos on the channel you can watch

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with in terms of preparation, preparedness,

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not just with your finances, but with your family,

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with your household, supplies, emergency food,

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and all the other things.

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And even from an income perspective,

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I highly, highly recommend that you start thinking

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about this now, whether that's a different role,

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risky in this environment,

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or you get some sort of a part-time income

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or you get more income streams.

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Just created the new program.

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We talked about that the other day,

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but you've gotta start thinking about these things now.

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And no, I don't mean a part-time job.

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That is the one thing you don't wanna be getting

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is a part-time job because you can't leverage your time

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to the value that you get from the employer.

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You can't leverage it.

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So what you actually need is something

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you can leverage.

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So what do I think that is?

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I think it's creating digital products and services

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that we've talked about that are so easy to do now,

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especially if you can use AI,

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which most people can because,

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just like using the web browser, right?

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This sort of stuff is what I highly recommend doing.

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And actually, I'm so proud that so many of you

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are taking the digital income mastery program right now.

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Really, I just think it's great

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how many of you are taking it.

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And I'd love to let more people into the program,

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but I can only really do 25 people at a time

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because I'm recording it as I go along.

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I just didn't expect the demand for the program

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that I've been honest with you here.

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I did not expect the demand to be this high.

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I'm blown away by the amount of people

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that want to do the program.

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And I'm also just making sure that everything is ready.

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I wanna make it foolproof for everyone

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and so that you can start on that program

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and begin making money within 30 days.

14:38.480 --> 14:41.380
And I genuinely think if you just apply yourself to it,

14:41.380 --> 14:44.280
that you can begin to make money within 30 days.

14:44.740 --> 14:46.540
In fact, even though I haven't even taught

14:46.540 --> 14:49.660
the marketing and the sales aspects of it yet,

14:49.740 --> 14:51.760
where you basically build those things out

14:51.760 --> 14:54.600
and then it just runs on autopilot, which is really simple.

14:55.020 --> 14:56.520
I had a lady, her name's Cathy.

14:56.980 --> 14:59.800
Cathy, if you're watching, from the USA.

15:00.100 --> 15:01.520
I think she's from Oregon.

15:02.360 --> 15:04.340
I probably completely mispronounced that,

15:04.400 --> 15:07.020
but anyway, she's from the USA

15:07.560 --> 15:10.100
and she's an accountant and she's just said

15:10.100 --> 15:12.780
she just sold her first two templates.

15:13.140 --> 15:15.500
So what she created, which is part of the program,

15:15.720 --> 15:18.120
is creating templates and all sorts of other things

15:18.120 --> 15:20.360
that basically just save people a load of time.

15:20.740 --> 15:22.100
So she created these templates

15:22.100 --> 15:24.980
that help people do their taxes twice as fast.

15:25.380 --> 15:27.000
So if you're someone like me,

15:27.560 --> 15:29.000
obviously I'm gonna buy that template

15:29.540 --> 15:33.040
because I think she said it was $50 or something like that,

15:33.420 --> 15:33.820
$45.

15:34.560 --> 15:36.980
If that's gonna save me hours and hours and hours,

15:37.380 --> 15:38.160
then it's worth it.

15:38.460 --> 15:39.580
So that's just a little example

15:39.580 --> 15:41.760
but yeah, we've got people already started.

15:42.240 --> 15:44.580
We've got a guy, Rich, who's a plumber.

15:45.000 --> 15:48.020
He's already started selling his first digital,

15:49.060 --> 15:51.240
I'm not sure exactly, I think they're PDFs

15:51.240 --> 15:53.020
that he's created on his plumbing business.

15:53.500 --> 15:55.040
He's already started selling some of them.

15:55.460 --> 15:58.600
So people are literally making money right away already.

15:58.980 --> 16:00.280
So yeah, if you wanna give it a try,

16:00.620 --> 16:02.700
there's a 30-day money-back guarantee on it.

16:02.760 --> 16:05.780
No questions asked, so you can just do that right away.

16:06.280 --> 16:08.240
So there'll be a link somewhere around this video.

16:08.360 --> 16:09.080
You can click that.

16:09.080 --> 16:10.820
And it'll take you to another video

16:10.820 --> 16:13.300
and it just explains all about the program

16:13.300 --> 16:14.600
and everything else.

16:14.700 --> 16:15.960
So yeah, definitely check that out

16:15.960 --> 16:19.600
if you're interested in making additional streams of income

16:19.600 --> 16:21.080
or a part-time income.

16:21.720 --> 16:23.440
It'll really protect you in what's coming.

16:23.780 --> 16:25.260
Oh, and if you can't get in today,

16:25.400 --> 16:28.000
just try again tomorrow or definitely Sunday.

16:28.320 --> 16:29.580
There'll be some more places.

16:30.160 --> 16:31.880
So yeah, it's 90% off

16:31.880 --> 16:33.720
because I'm pre-filming at the moment.

16:33.720 --> 16:35.400
So it's not 100% finished

16:35.780 --> 16:39.200
but modules five and six are out tomorrow evening.

16:39.380 --> 16:41.020
So Saturday evening, this weekend,

16:41.540 --> 16:43.020
module five and six are out.

16:43.320 --> 16:44.140
Okay, let me show you.

16:44.460 --> 16:45.000
Here we are.

16:45.480 --> 16:48.260
We have made it to Milner's Tower

16:49.000 --> 16:52.480
which is a beautiful old stone-built tower

16:52.940 --> 16:54.880
and we're gonna walk up to the top now

16:55.380 --> 16:58.580
and we're gonna see the view from across Port Arran.

17:01.220 --> 17:02.560
So here we go.

17:05.800 --> 17:08.000
And it's just spiral steps all the way.

17:08.780 --> 17:09.920
Okay, you're not gonna see anything

17:09.920 --> 17:11.360
so I'll turn the camera off a second

17:11.860 --> 17:14.200
because it is absolutely pitch black in here.

17:16.740 --> 17:17.880
Okay, here we are.

17:18.420 --> 17:20.040
Just got my steps in for the day.

17:32.940 --> 17:34.500
Okay, I hope you enjoyed that little

17:34.500 --> 17:37.060
walk up Milner's Tower there then.

17:37.140 --> 17:40.180
We're gonna just walk around this area for a little bit.

17:40.560 --> 17:42.160
So let's continue on then.

17:42.280 --> 17:45.500
So the Iranian strikes actually took out two

17:45.500 --> 17:48.920
of Qatar's 14 LNG trains.

17:49.140 --> 17:50.380
Like completely took them out.

17:51.080 --> 17:53.580
Imagine if even more of those missiles went through.

17:54.120 --> 17:57.060
You would have seen a, and again,

17:57.280 --> 17:58.160
I don't say this lightly,

17:58.760 --> 18:01.200
you would have seen a global famine if,

18:01.800 --> 18:03.580
and the reason I say that is because

18:03.580 --> 18:06.660
one of the two gas to liquid facilities

18:06.660 --> 18:07.780
were hit as well.

18:08.220 --> 18:13.340
You would have literally seen a global famine of 25%.

18:14.440 --> 18:15.800
25%, I'm gonna be conservative.

18:16.380 --> 18:19.780
25% of people around the world.

18:20.400 --> 18:21.920
That's how bad it would have been.

18:22.460 --> 18:25.820
And you still are going to see famine as a result of this.

18:25.920 --> 18:29.360
You're probably going to see some food riots at some point.

18:29.540 --> 18:31.920
You're gonna see some social unrest and breakdown

18:32.520 --> 18:34.540
because there's a knock on effect, right?

18:34.600 --> 18:36.780
There's a cascading effect of all of this.

18:37.260 --> 18:39.540
Much of it hasn't even gone through the economy yet.

18:39.720 --> 18:41.300
It's still gonna go through the economy.

18:41.820 --> 18:44.740
Everyone's talking, you know, praising Keir Starmer,

18:44.880 --> 18:47.220
Rachel Reeves about this energy cap.

18:47.580 --> 18:50.200
The energy cap, well, you think they put the energy cap

18:50.200 --> 18:52.500
in place, this three month energy cap.

18:53.040 --> 18:55.160
Wow, all these people that are saying that,

18:55.260 --> 18:56.200
oh, they did a great job.

18:56.580 --> 18:58.120
No, the energy cap was in place.

18:59.000 --> 19:00.560
It wasn't, they didn't put it in place.

19:00.920 --> 19:02.380
And what they're not telling you is

19:02.380 --> 19:04.600
what's gonna happen in July, right?

19:04.680 --> 19:06.780
Once this energy cap has lifted,

19:07.280 --> 19:09.440
just wait until you see the shocks

19:09.820 --> 19:11.140
that are gonna take place in July.

19:11.960 --> 19:15.560
My goodness, the UK is not gonna know what hit it,

19:15.620 --> 19:18.280
especially, I think they just voted,

19:18.700 --> 19:21.320
was it nine to one to hold interest rates?

19:21.800 --> 19:24.920
I mean, the last time I saw a unanimous vote like that

19:24.920 --> 19:25.940
has been a while.

19:26.440 --> 19:28.080
So I think they're probably gonna be looking

19:28.080 --> 19:30.100
to raise interest rates at this point.

19:30.160 --> 19:32.800
Many countries will, which is not good.

19:33.160 --> 19:35.880
It's not good at all for growth.

19:35.880 --> 19:39.200
And Qatar actually canceled its contracts, by the way.

19:39.740 --> 19:41.700
So these are contracts with Belgium,

19:42.720 --> 19:44.840
Belgium, Italy, China,

19:45.000 --> 19:47.280
and I think it was South Korea was the fourth country.

19:47.500 --> 19:51.000
So that means no LNG or at least limited LNG.

19:51.520 --> 19:54.420
And again, you're hearing all these things from the UK

19:54.420 --> 19:57.840
saying, well, we're protected and all this other stuff.

19:58.040 --> 19:59.860
We're protected because we planned for this.

19:59.940 --> 20:01.960
We cut off Russian energy a long time ago.

20:02.600 --> 20:05.320
No, all that happened was energy prices went up

20:05.320 --> 20:10.640
as the UK sought other places to get this energy from,

20:11.100 --> 20:12.580
which they did, they did replace it,

20:12.600 --> 20:13.860
but it's a lot more expensive

20:13.860 --> 20:17.120
as we've all seen with our energy bills.

20:17.600 --> 20:19.360
And you look at Ursulaire and Lagarde

20:19.360 --> 20:22.480
and some of these other senior leaders in the EU,

20:22.840 --> 20:24.120
it's obvious they don't care.

20:24.280 --> 20:27.180
They're so wealthy, it's not gonna affect them.

20:27.220 --> 20:28.980
So they really don't care at all.

20:29.320 --> 20:31.220
But this is gonna hit Europe so bad.

20:31.580 --> 20:34.200
One of the first things I would be cutting right away

20:34.200 --> 20:37.680
is any investments in manufacturing in Europe.

20:38.200 --> 20:40.800
I wouldn't be holding any of these things right now.

20:41.340 --> 20:42.620
Same with what we mentioned

20:42.620 --> 20:44.020
with some of the consumer cyclical.

20:44.320 --> 20:46.980
This is not today, but it's in the near future.

20:47.140 --> 20:48.620
This is gonna get hit really hard.

20:48.800 --> 20:50.460
And you think this is gonna be over soon.

20:51.100 --> 20:51.880
I wouldn't bet on it.

20:52.200 --> 20:54.560
Israel's just said that they see a reason

20:54.560 --> 20:57.440
for a ground offensive in Iran.

20:57.820 --> 20:59.520
And now I'm not saying a full scale,

20:59.540 --> 21:02.940
but there's definitely some sort of talk of ground troops,

21:02.940 --> 21:05.020
whatever that's going to look like.

21:05.140 --> 21:06.480
And the Pentagon has just announced

21:06.480 --> 21:09.880
they're gonna be sending a second Marine amphibious group

21:09.880 --> 21:11.280
to the Middle East.

21:11.520 --> 21:12.680
So that makes two now.

21:13.120 --> 21:13.400
So what's that?

21:13.540 --> 21:17.680
2,200 is 4,400 troops are gonna be on the way.

21:17.880 --> 21:18.940
But wait, there's more.

21:19.500 --> 21:22.660
Saudi Arabia is now threatening strikes on Iran.

21:22.980 --> 21:26.540
Iran is also threatening actions against the UK

21:27.180 --> 21:29.200
because, and I'm gonna have to quote here,

21:29.520 --> 21:32.300
it says that the UK has been providing military bases

21:32.300 --> 21:34.420
for the US to strike Iran.

21:34.740 --> 21:37.740
This is considered participation in aggression.

21:38.200 --> 21:41.040
So they said there will be consequences for the UK.

21:41.900 --> 21:45.580
So it's not just now, man, if I were in the,

21:45.980 --> 21:47.480
luckily I'm on the Isle of Man,

21:47.600 --> 21:50.700
which is a crown dependency, which is a whole other story.

21:51.500 --> 21:53.060
So it's not part of the UK,

21:53.140 --> 21:55.440
even though people think the Isle of Man is part of the UK.

21:55.760 --> 21:58.020
It's actually owned by the monarch.

21:58.720 --> 22:01.320
Yes, the Isle of Man is owned by the monarch.

22:01.710 --> 22:03.400
As crazy as that sounds,

22:03.780 --> 22:06.920
a one man can own an island like this.

22:07.080 --> 22:07.860
But anyway, he does.

22:08.480 --> 22:10.420
So I'm not as worried, but for the UK,

22:10.960 --> 22:12.580
the things now that have been announced.

22:13.100 --> 22:15.200
So Iran is now threatening the UK

22:15.200 --> 22:18.440
for the UK helping the US strike Iran.

22:18.960 --> 22:21.040
Russia is threatening the UK

22:21.530 --> 22:24.120
for helping Ukraine to strike Russia.

22:24.580 --> 22:26.500
I mean, the UK at some point,

22:27.100 --> 22:28.320
I don't know when it's gonna be,

22:28.320 --> 22:31.340
but it's gonna get absolutely hammered.

22:31.680 --> 22:34.240
I wouldn't definitely not wanna be in the UK

22:34.240 --> 22:36.020
when World War III hits.

22:36.160 --> 22:37.640
Let me put it this way, I'd be out of there.

22:37.880 --> 22:40.400
I'd be on the first boat, first plane.

22:40.840 --> 22:42.320
I mean, I'd swim if I had to.

22:42.860 --> 22:44.840
It's just gonna be absolute chaos.

22:45.300 --> 22:48.080
So another question people asked me over last week

22:48.080 --> 22:50.460
was around global inflation,

22:50.560 --> 22:51.460
because I said we're gonna see

22:51.460 --> 22:55.060
higher inflation globally as well as GDP drops.

22:55.700 --> 22:57.540
I think we're probably looking at

22:57.540 --> 22:59.940
somewhere in the region of 3%,

22:59.940 --> 23:03.000
and it could be up to 4% or 4.5%

23:03.000 --> 23:06.600
in inflation globally as a result of,

23:06.900 --> 23:09.000
because if you were to do the calculations

23:09.000 --> 23:11.680
on the energy inputs, that's the oil and LNG,

23:12.120 --> 23:14.180
into each economy around the world,

23:14.320 --> 23:17.280
and then you cut 20% of the gas

23:17.280 --> 23:18.620
and you cut 10% of the oil,

23:19.080 --> 23:20.540
it's going to feed somewhere

23:21.080 --> 23:24.480
in the region of 3% to 4.5% to inflation.

23:24.940 --> 23:26.300
And then you have to calculate

23:26.300 --> 23:28.260
the knock-on effects of that to GDP,

23:28.560 --> 23:30.440
which will be different for each country, of course.

23:31.060 --> 23:33.000
But the more energy-independent you are,

23:33.500 --> 23:35.520
the better and more resilient you'll be.

23:35.940 --> 23:38.040
Some countries are gonna be more resilient than others.

23:38.740 --> 23:39.840
I just think a lot of the West,

23:40.260 --> 23:41.580
UK, Europe especially,

23:42.200 --> 23:44.020
are going to suffer very badly

23:44.020 --> 23:45.740
and Australia and New Zealand.

23:46.260 --> 23:49.640
These regions are gonna be hit really, really hard,

23:49.920 --> 23:52.260
and it's their own fault, not the people's fault.

23:52.800 --> 23:53.960
I'm on the people's side.

23:54.280 --> 23:55.340
It's the leader's fault,

23:55.880 --> 23:57.260
because the leaders have followed

23:57.260 --> 23:59.520
all of these crazy policies

24:00.020 --> 24:02.140
and destroyed their energy

24:02.600 --> 24:03.860
just so that they could look good

24:03.860 --> 24:06.180
at all of these little conferences and things,

24:06.340 --> 24:08.460
and they've screwed over the people.

24:08.900 --> 24:12.220
Okay, and the last point I promised I'd cover today then

24:12.220 --> 24:15.480
is around the mortgages.

24:15.860 --> 24:18.640
So I'll talk specifically about UK mortgages here,

24:18.820 --> 24:21.320
and then you can look at your own country's mortgage.

24:21.740 --> 24:22.740
Let's get the sunglasses on,

24:22.800 --> 24:24.520
we're walking into the sun a little bit here.

24:24.960 --> 24:26.640
So mortgages then, mortgage rates.

24:26.920 --> 24:29.380
I said on Wednesday's video

24:29.840 --> 24:31.440
that I don't know what I would do

24:31.440 --> 24:32.840
if I were in your position right now,

24:32.860 --> 24:35.820
but I've thought about it since over the last couple of days,

24:36.080 --> 24:38.500
and I do think not financial advice,

24:39.020 --> 24:40.120
do your own research,

24:40.120 --> 24:42.420
speech to your financial advisor, whatever,

24:42.780 --> 24:44.420
and I always have to give these silly caveats

24:44.420 --> 24:46.360
because if you get, say, a thousand people

24:46.360 --> 24:47.480
that do what you say,

24:47.960 --> 24:50.040
one of them's gonna end up bad, right?

24:50.240 --> 24:52.060
It's just the law of averages.

24:52.300 --> 24:53.880
One person's gonna end up getting

24:54.380 --> 24:56.060
getting it wrong or getting something bad

24:56.060 --> 24:57.160
and then they'll come after me.

24:57.360 --> 24:58.920
So not financial advice.

24:59.560 --> 25:02.260
Okay, what would I do if I had a mortgage

25:02.260 --> 25:03.200
that was coming up now?

25:03.540 --> 25:06.120
I would actually fix it now at these rates.

25:06.420 --> 25:07.200
I wouldn't wait.

25:07.800 --> 25:09.420
I definitely wouldn't wait

25:09.420 --> 25:12.700
unless I had a renewal coming up

25:12.700 --> 25:15.140
in, say, one year's time or more.

25:15.240 --> 25:16.640
So one, two years, et cetera.

25:17.060 --> 25:18.320
Then, yeah, I'd probably wait,

25:18.540 --> 25:20.500
but if you've got one coming up right now,

25:21.160 --> 25:23.500
I wouldn't just let it sit and go onto a variable.

25:24.100 --> 25:25.840
I'd fix it again right now

25:25.840 --> 25:28.560
because I see higher rates coming.

25:29.060 --> 25:30.680
That's what I see for mortgages.

25:30.940 --> 25:32.080
So that's what I do.

25:32.140 --> 25:33.940
And if you've got a mortgage going through right now,

25:34.480 --> 25:36.220
get it completed quickly,

25:36.360 --> 25:38.280
or if you've got a sale, get it completed quickly

25:38.620 --> 25:40.080
because we're already seeing lenders

25:40.080 --> 25:42.140
pulling mortgages from the market.

25:42.680 --> 25:44.220
Now, legally, they shouldn't

25:44.220 --> 25:45.840
if you've already got the offer confirmed,

25:46.520 --> 25:48.780
but these are exceptional times

25:48.780 --> 25:50.820
and we're already seeing a couple of lenders

25:50.820 --> 25:53.280
having pulled them even though they've made offers.

25:53.760 --> 25:55.600
So be very, very careful.

25:56.140 --> 25:57.000
Get this fixed in.

25:57.120 --> 25:58.500
Start thinking about all your costs

25:58.500 --> 25:59.640
and your fixed costs now.

25:59.840 --> 26:01.720
And yeah, just really plan for everything

26:01.720 --> 26:02.840
that we've talked about here.

26:03.200 --> 26:05.180
This is gonna be really, really not good,

26:05.340 --> 26:06.060
shall we say.

26:06.400 --> 26:07.260
But that's why I did it

26:07.260 --> 26:08.560
with this beautiful walk today.

26:08.700 --> 26:10.680
I thought this is gonna be really bad news.

26:11.020 --> 26:12.380
Where should I do this walk?

26:12.760 --> 26:15.060
And of course, this is the perfect place.

26:15.680 --> 26:17.240
In fact, I'll give you a lovely view

26:18.180 --> 26:21.440
as we wrap up here in a moment.

26:21.940 --> 26:24.120
And look, I can see my fleece there in the middle.

26:24.540 --> 26:25.280
No one took it.

26:25.540 --> 26:27.700
So yeah, thank you so much for being a subscriber.

26:28.240 --> 26:29.320
Really appreciate you.

26:29.440 --> 26:32.820
Definitely check out the link to my program as well.

26:32.880 --> 26:35.040
I think it's gonna really help you out big time.

26:35.220 --> 26:36.600
And apart from that, take care.

26:36.900 --> 26:39.560
God bless and I'm gonna finish a lovely walk here

26:40.040 --> 26:41.600
and I'll see you on the next one.

