Great video but two years? How optimistic!
Still a very knowledgeable talk. Plenty to learn about finance there.
But the process has now started... (see below)
Leaked Paper Shows UK Cops Preparing For "Greater Civil Unrest" This Winter
New Prime Minister Liz Truss may have only weeks to deliver a confidence turnaround in the UK economy or face a surge in violent crime and breakdown in public order caused by a cost-of-living crisis.
The Times revealed police chiefs fear "economic turmoil and financial instability" has the "potential to drive increases in particular crime types," such as shoplifting, burglary, vehicle theft, and online fraud and blackmail, as Brits face one of the worst collapses in living standards in a century amid energy hyperinflation.
"Prolonged and painful economic pressure" could spark "greater civil unrest," similar to the 2011 London riots, the leaked national strategy paper read.
"Greater financial vulnerability may expose some staff to a higher risk of corruption, especially among those who fall into significant debt or financial difficulties," it continued.
One police chief noticed increased violent crime as inflation is stuck at multi-decade highs. This comes as energy regulator Ofgem increased the cap on power bills to a record £3,549 ($4,189) beginning Oct. 1 from £1,971 ($2,330). That cap is expected to rise to £5,439 ($6,427) by January and £7,272 ($8,594) by spring.
Besides police, energy executives warned that mass civil unrest looms as people cannot afford their heating and electricity bills this winter.
About 160,000 Brits have joined a movement against skyrocketing electricity bills, vowing not to pay come Oct. 1.
Last Friday, Russia's energy giant Gazprom PJSC halted flows via Nord Stream 1 to Europe, sending EU natural gas and electricity prices soaring on Monday. This means Truss hardly has any time to deliver a coherent strategy to save households from energy poverty and businesses from failing.
The massive protest in Prague this past weekend, where tens of thousands of Czechs flooded the streets, offers a glimpse of the impending social unrest that could hit the street of the UK if power bills continue rising without government intervention.
Published last week was a new report via Verisk Maplecroft, a UK-based risk consulting and intelligence firm, warning there's a high risk of social unrest in Europe later this year due to rising inflation.
Europeans
are finally waking up to how bad Western sanctions on Russia have
backfired, as their governments sacrificed ordinary people over NATO's
proxy fight against Russia in Ukraine. These protests could spread like
wildfire across Europe, and it appears the UK is preparing for the
worst-case scenario.
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