Bank of England Emergency ⛔️
In this impassioned commentary, Rob Moore explains that the Bank of England has declared an emergency by re‑launching quantitative easing (QE) to prop up a sharply weakening pound after the UK mini‑budget’s £45 bn tax‑cut plan funded by borrowing. He argues that the IMF’s criticism of the tax cuts is misplaced, pointing out that decades of high taxation, lockdowns, war spending and the loss of the gold standard have already eroded the value of money. Moore describes the resulting cycle: a weak pound drives up foreign‑interest demands, forcing the BoE to print more money, which further devalues cash and fuels inflation. He stresses that cash is a depreciating liability and urges listeners to protect wealth by moving into real assets such as gold, property, equities, watches, or businesses. Drawing on his own £20 m a year business experience, he claims he understands “real economies” better than central banks. The video concludes with a strong promotion of his financial‑education platform, rob.team, positioning it as the solution for learning how to build assets and achieve financial freedom.
Chapters
Bank of England emergency. The Bank of England might as well have just declared a national emergency because they've stepped in and intervened on the ever-weakening pound. Now, talking about pound, I think that the current UK government are taking a pounding, and I think it's unfair. So if a ship was sinking and all but the last tiny butt end of the ship was submerged into water, and then the new captain of the new ship, it just went fully underwater, would it be the new captain's fault, or would it be the captains before and before and before? So, you know, I've been critical where I think it's, um, been important to speak out about certain government policies. Too many lockdowns, too high taxation, etc. But I'm actually going to stand and support some of the actions the current government have made, because at least they have a plan, and at least they have a vision, and at least they want growth. And now the IMF are just all over them, saying that essentially, um, the IMF don't usually comment on, um, policy in England And I did a video this morning of the IMF criticizing the tax cuts in the UK. Now the Bank of England have basically intervened, and this is pretty much an emergency, whereby guess what's going to happen? Here we go again, quantitative easing. So the Bank of England are turning on the digital and physical printing presses. They're creating debt to, um, essentially try and ease the weakening pound. So yes, someone has just asked what's happening. I'm about to explain. So the Bank of England have stepped in to calm the markets by printing money, essentially printing debt and lending it to itself, um, as overseas investors demand higher interest rates because of the very weak pound. Carlos said, what a bloody mess. Brenda has said, what's next? So let me give you the updated news and then we can talk about what we think about it. So, um, the Bank of England have intervened by printing money, essentially quantitative easing, which was supposedly slowing down. Um, quantitative easing, more printing of money, the devaluation of your money, probably therefore causing more inflation. So probably even more of your money is worth even less than it was before. But everyone seems to be turning on the UK government and blaming Liz Truss and our chancellor, um, for their tax cuts. Because tax cuts obviously mean the government have to go and find that extra money, so they go and borrow the money. But as the pound gets weaker because overseas investment sees the UK as more of a risk, because they've just raised a load more debt, then interest rates have to go up to draw in attractive rates for foreign money. So this is all some big cyclical shitstorm. But what pisses me off is the Bank of England and the IMF are kind of pretty much blaming the mini-budget and the tax cuts, when finally after 3 fucking years our government actually did something for the people. Because lockdown 2 and lockdown 3 didn't really feel like it was for the people. Massive increase in taxation didn't feel like it was for the people. The crazy cost of living crisis was definitely not for the people. The war in Ukraine and Russia is, you know, all the money that the UK have ploughed into that, definitely not for the people. The NHS fucked, definitely not for the people. So none of it really felt like it was for the people. And now tax cuts, and by the way, not just for the 1%, that's bullshit. I did another live about that, so you can go and watch that. And now they're getting massive attacks from everywhere. So basically, the IMF and the Bank of England are really scared of a continuing decline in the pound, which obviously really affects foreign investment into the UK. So the Bank of England have basically said they're going to start printing a load of money, creating a load of money. That's the simplistic way of explaining it. Um, the Bank of England warned that if market volatility continued, there will be material risk to UK financial stability. But this is what I don't understand. This beggars belief. Let me know what you think in the comments. The IMF have said that, um, the UK tax cuts will create financial inequality. Well, last time I looked, that already fucking happened. Like, it's not like, oh, Liz Truss came in last week and it's just caused all this financial inequality. I mean, this goes back governments and governments and governments and governments and governments and histories and decades and centuries. So it's not like they've done that. And the weak pound and the economic ball of shit that we're in didn't just happen 3 days ago in a mini-budget. It's fucking unbelievable. So yeah, the Bank of England will start buying government bonds at an urgent pace to help restore orderly market conditions. The pound tumbled to 1.0586, down 1.4%. It's almost 1 to 1. And yeah, that's a record low. And this is off the back of the UK mini-budget pledging £45 billion worth of tax cuts funded by borrowing. And so all this overseas money sees the pound as a big risk, therefore they charge much higher interest rates, therefore that makes the pound really weak. And now the Bank of England are trying to print a load more money and make it more attractive to foreign investment again. Oh my life! The thing with economics, right, and I think I've got a reasonable knowledge. By the way, I run one of the most pure economies. A business. A real business is one of the most pure, real economies. 'Cause the Bank of England who are pressing this printing press and printing a shitload of money and controlling inflation and interest, that's not a real economy. It's just fucking, it's just decisions in ivory towers. A real economy is running a business and having to balance your books. 'Cause you don't have to balance your books in government. You can be in deficit forever and it doesn't matter. You can be in trillions of debt and it doesn't matter. You can run your government economy insolvently and it doesn't matter. And if you do that in a business, by the way, fraud, bust, imprisoned. So actually running a real fucking business, you know, I run a £20 million a year business, give or take a bit of VAT. It's a real business. And so I think I understand real businesses and real economies and real people and real money. And I'm pissed off. I'm pissed off that— look, I'm not pissed off that the IMF have an opinion, and I'm not pissed off that the Bank of England might want to help. I'm pissed off that everyone seems to be attacking the UK government and the mini-budget when they've got a growth plan, they've got a vision. They clearly are for— well, to a certain degree, they're for the people. They didn't just help the 1%, by the way. That's a complete fucking lie. Because they reduced and reversed the Essentially the NHS levy, more money for the NHS, they reversed that. They increased the threshold of stamp duty which helps first-time buyers and less affordable people get on the housing market, so that was for everyone, not just the 1%. So, woo, crazy, crazy, crazy, crazy times. So now because of this, like if you look at the swap rate, the predicted interest rates, they're going up and up and up and up and up. And so now some economists, like, yeah, some economists, let's see if their predictions are accurate, but they've predicted that the Bank of England will raise the interest rates from 2.25% to 5.8% next spring. Now here's the thing as well with interest rates, everyone's shitting the bed because it's more than 0.5%, but historically interest rates are 5 to 6%, that is normal. People have got used to it being 0.25%, 0.5%, that can't last forever. So look, it's just a bit of— I think it's a bit of an unfair purge attack on the government. I think there's a bit of unrealism. And let's be honest, massive inflation, massive taxation, 3 freaking lockdowns, um, wars, Brexits, and all these things which happened years ago, way before Liz Truss was Prime Minister— this is 99% of what's caused this. This is the back wind. This is the direction of the oil tanker. And Liz Truss and the UK, you know, the Chancellor are steering like mad to try and change the direction. But how do you change the direction? A fuck-up after fuck-up after fuck-up after fuck-up for years and years and years and years, and now they're taking all the shit. So I actually think people should start supporting what our UK government are doing, which is fueling growth, which is incentivizing production, which is removing some frictions of things like taxation. And not a lot, by the way, because obviously it costs hundreds of billions. But yeah, so breaking news is the Bank of England have basically declared an emergency and they're intervening and stepping in to quantitative ease and print a load of money, which by the way will devalue the value of your money. Do you know, I've probably said 3 to 4 times a week about devaluation of currency and money and how you have to get your money out of cash because your money is being debased by quantitative easing. And then some people said to me, yeah, but recently there's been quantitative tightening. Not anymore. Over time you get more and more and more quantitative easing. So since 1971 in August, when Nixon took the dollar off the gold standard, money has been going down in value hard. So let me ask you this: what could you buy for a dollar in 1971? Well, I, I've got a 1979 Rolex Daytona. That would have been £800 roughly in 1979. That peaked at what, £85,000+? Watches have corrected a bit, so a grand to £85,000 from '79 to, um, 2022. So that's an asset that goes up with inflation, but it shows you what you can buy for that money now. And what that money has become worth. So a dollar in 1971, what could you buy with that? Well, with £1,800 in 1952, you could buy a house, and now you need a quarter of a million pounds to buy that average house. So since money came off the gold standard and it became fiat currency, here's what's— property's gone like that, stock market has gone like that, gold has gone like that, watches have gone like that, and money, cash, cash money has gone like that, hard down. Because essentially there's no physical asset of gold backing the dollar. And that has now exaggerated, and it's like a big freaking snowball, and it's going at such a velocity that probably in the last 3 years your money is worth 30% less, I would say. Like, easily inflation has been more than 10% a year in reality. So not what they tell you officially, but in reality, since lockdown I would not be surprised if your money is worth at least 30% less. And that is a combination of soaring prices, cost of living crisis, energy blackmail, shortage of supply chains, quantitative easing, etc. I've been saying this over and over and over and over and over, and now the government have basically stepped in pretty much in an emergency mode, and they're printing a shitload more. So I've been saying it and saying it and saying it, and I'm going to say it again, and maybe you listen this time. You need to hold minimum cash and maximum assets. Cash is probably the worst standard asset class. Cash is not an asset. Cash is a liability. Cash is going down hard. So this is the problem, and a lot of people think it's unfair, the inequality between the rich and the poor and the divide. They think it's unfair. And to some degree it is, but it's only because broke working middle-class people only really have their wealth tied up in money. They don't have assets, they don't have property, they don't have gold, they don't have businesses. They only store their wealth in money. But the problem is money is going down hard. Someone reckon here it's way more than 30% in the last 3 years. So Dorian said more than 30% in the last 3 years. I could not argue with you there, Dorian. You could be right. Right? So the broke and the poor, because they've not got the education, only know how to store their wealth in money, but it's going down like sand through their hands. The rich know you go broke with money, but you get rich with assets and investments. So you need to think like the rich, even if you just want to stay where you— maybe you don't want to be rich, maybe you don't like the rich, maybe you don't want to be one of the top 1%, but what you don't want is money falling through your fingers like sand. So here's what you need to do. You need to protect your wealth from cash money and get it out of cash money and into assets and investments. Cash is a depreciating liability. Assets and investments like gold, like property and real estate are an appreciating asset. So you have been warned because the Bank of England turning on the money printing press again. Well, the digital money printing press, I think in the form of— I think they're issuing bonds Guilts. They're basically issuing paper money and buying them back and just pumping the money supply, softening the blow. So the problem is that's going to devalue your money. And by the way, quantitative easing is never going to stop, and the increased printing of money is never going to stop because fiat currency is on a sliding slope. And even when Inflation is low, 2% steady. Over 40 and 50 years, 2% steady becomes a lot of percent already. So if you'd like to learn how to invest in assets, protect your cash from inflation and debasement, um, go from depreciating liabilities into appreciating assets, get better financial education and knowledge like, um, hopefully you're learning on my videos most days, make, manage, and multiply money, create multiple streams of recurring income, I think it's really important that you invest in yourself. And I think one of the best assets you can get, as well as like real estate and gold, is education platforms. And I believe Rob.team is the place to go to learn about making, managing, and multiplying money. So if you would like to get access to an online platform which costs less than 20 pence a day, no ongoing contract, you can cancel any time, you can essentially try it, It's got hundreds of hours of content going back, which I launched at the start of the lockdown to help people get better financial education and knowledge. If you'd like to get all of this and get access to this, then just type rob.team, rob.team, into a new web page on the internet right now. It's really easy, just open up any web page, type rob. Team. Rob.team. Join for less than 20 pence a day. You can cancel anytime, no ongoing, um, contract. You've got, um, web classes, Zooms, and master classes on making, managing, and multiplying money, on starting and scaling businesses and side hustles, on getting better financial education and knowledge, on building assets that produce recurring income. That's the link there, Rob. Team. We've got the 21 Ways to Monetize Social Media Masterclass. We have got the How to Get Leads and Clients for Free Part 1 and Part 2 Masterclasses. We have got the 9-module, 10-hour How to Invest Series. 10 hours of technical knowledge that's practical but easy to implement on investing and protecting your money from inflation and, um, turning depreciating cash into an appreciating asset and knowing whether gold or property and real estate, or businesses, or classic cars, or watches, or stocks, or cryptos, knowing which asset classes are the right ones for you. I actually interviewed one of the top UK entrepreneur investors for 10 hours straight. Whether you've got nothing to invest or a million to invest and anywhere in between, there's a 10-hour masterclass on that in rob.team. So it's all there waiting for you, but you have to take action. When all is said and done, more is said than done. To know and not to do is not to know. So just go join Rob.team. It's really easy. Cancel anytime. No ongoing contract. Less than 20 pence a day. Just type in R-O-B dot T-E-A-M. Rob.team. Go and join there right now. You can join the many thousands of other members, movers and shakers and changemakers. If you're pissed off with the government, if you'd like to increase your earning power, Increase your income streams. We've got Sunday sessions every Sunday, masterclasses every 2 weeks, and loads of content to help you create multiple streams of income and go from debt to financial security to financial freedom. What you weren't taught in school that you should have been, what your parents didn't know how to teach you, and what the system doesn't want you to know about money, you will learn in Rob.team on an ongoing basis. So type rob.team into a new web page. Do it now. Talk doesn't cook rice. Do it now. Because the Bank of England have pretty much just declared an emergency, and they've stepped in, just like the IMF started intervening, and now the Bank of England have stepped in to print a load more money to try and strengthen up the pound and try and make the UK more of an attractive investment because the pound is so weak. The weaker the pound gets, the more— the higher interest, um, the overseas investment requires. And don't forget, we need to borrow £45 billion for the tax cuts, £60 billion in 6 months for the energy crisis. So, but this wasn't Liz Truss's fault, this wasn't the current government's fault. All this shit was caused when we didn't make our energy supply independent frickin' decades ago, and yet our current government are fuckin' getting blamed for it. I like to say it how it is, and I don't have any false allegiances. I'm not even particularly partisan as such, but I think it's really good what the UK government are trying to do, and I think it's a bold, brave, but necessary attempt because I agree with them. The only way we get out of this alive is growth. Growth, growth, growth. If Rishi had come in, we'd be fucking paying 110% tax. You breathe, you're taxed. You look at your friend, you're taxed. You go to the toilet, you're taxed. You think, you're taxed. Fuck that. Thank fuck. Not having that. So this is definitely the lesser of two evils. Anyway, rant over. Holy shit, the world is fucked. Join rob.team, that'll sort you out. Type rob.team because the more you learn, the more you earn. And it's not about a lack of resources. There's enough money out there for us all to be millionaires. It's a lack of resourcefulness, it's a lack of knowledge, it's a lack of education. And as you can see on these lives, I freaking well shout and scream about what I think is right, what I think is fair in terms of you having a fair opportunity to make money, you not being overly taxed, you not being overly penalized, overly silenced, overly shut down, overly locked down. I'm not a fan of all this over-intervention. We're losing our freedoms. So get financially free and that will help you with all of your other freedoms. And to help you with your financial freedom, Rob.team is your financial platform and partner. Just type R-O-B dot T-E-A-M. I'll see you in the members area. Holy shit, fuck, things just got sweaty. The IMF Intervening, well, criticizing, hmm. And now the Bank of England. Shit. Let me know what you think in the comments. It's going to be spicy times. And remember, if you don't risk anything, you risk everything. Let's get in the comments. Let me know your thoughts. What needs to change? Um, do you agree with the growth plan of our UK government Or if you don't, how do you think that they stop this crisis? Let me know in the comments. Hit the share button too. Don't be shy. And remember, if you don't risk anything, you risk everything.
