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Things Aren't Looking Great for the UK

2022-10-04 Science & Technology
1.6m
49.7k
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ColdFusion
ColdFusion
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Description

There's been turmoil in the markets surrounding the UK pound. In this episode we take a look. --- About ColdFusion --- ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment. » ColdFusion Discord: https://discord.gg/coldfusion » Twitter | @ColdFusion_TV » Instagram | coldfusiontv » Facebook | https://www.facebook.com/ColdFusioncollective » Podcast I Co-host: https://www.youtube.com/channel/UC6jKUaNXSnuW52CxexLcOJg » Podcast Version of Videos: https://open.spotify.com/show/3dj6YGjgK3eA4Ti6G2Il8H https://podcasts.apple.com/us/podcast/coldfusion/id1467404358 ColdFusion Music Channel: https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw ColdFusion Merch: INTERNATIONAL: https://store.coldfusioncollective.com/ AUSTRALIA: https://shop.coldfusioncollective.com/ If you enjoy my content, please consider subscribing! I'm also on Patreon: https://www.patreon.com/ColdFusion_TV Bitcoin address: 13SjyCXPB9o3iN4LitYQ2wYKeqYTShPub8 --- "New Thinking" written by Dagogo Altraide --- This book was rated the 9th best technology history book by book authority. In the book you’ll learn the stories of those who invented the things we use everyday and how it all fits together to form our modern world. Get the book on Amazon: http://bit.ly/NewThinkingbook Get the book on Google Play: http://bit.ly/NewThinkingGooglePlay https://newthinkingbook.squarespace.com/about/ Sources: //Soundtrack// Burn Water - Passage of Time (Instrumental) Nanobyte - Honour Hyphex - Fading Light Lowercase Noises - The First Glimmer of Wind Mogwai - Take Me Somewhere Nice Burn Water - Passage of Time My Music Channel: https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw • https://www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you • https://www.theguardian.com/business/2022/sep/13/liz-truss-energy-and-tax-plan-will-give-richest-families-twic e-as-much-support • https://www.theguardian.com/business/2022/sep/25/city-braces-for-more-volatility-mini-budget-rocks-pound-parity-dollar-bond-tax • https://www.youtube.com/watch?v=ebwQZMiJmlk&t=433s • https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) • https://en.wikipedia.org/wiki/Template:Most_traded_currencies • https://www.keycurrency.co.uk/gbp-to-usd/ • https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2018tomarch2020 • https://www.theguardian.com/business/2022/sep/29/id-never-seen-anything-like-it-how-market-turmoil-sparked-a-pension-fund-selloff • https://www.theguardian.com/business/2022/sep/28/bank-of-england-in-65bn-scramble-to-avert-financial-crisis • https://www.abc.net.au/news/2022-09-28/british-pound-value-decline-inflation-recession-australia/101476484 • https://www.goldmansachs.com/insights/pages/why-the-british-pound-fell-to-a-record-low-against-the-us-dollar.html • https://www.theguardian.com/business/2022/sep/29/mortgages-withdrawn-housing-market-mini-budget-lenders-economic-uncertainty • https://www.theguardian.com/uk-news/2022/sep/26/why-is-sterling-falling-and-what-does-it-mean-for-the-rest-of-the-world • https://www.statista.com/statistics/284713/united-kingdom-uk-largest-import-sources-by-import-value/#:~:text=In%202021%2C%20China%20was%20the,percent%20from%20the%20United%20States. • https://commonslibrary.parliament.uk/research-briefings/cbp-7593/#:~:text=UK%20trade%20with%20the%20Commonwealth,Canada%2C%20Singapore%20and%20South%20Africa. » Music I produce | http://burnwater.bandcamp.com or » http://www.soundcloud.com/burnwater » https://www.patreon.com/ColdFusion_TV » Collection of music used in videos: https://www.youtube.com/watch?v=YOrJJKW31OA Producer: Dagogo Altraide

Top Comments (10)

@mikelinford9784 2022-10-04

As a UK resident, I wanted to pick up on one point. Liz Truss wasn't really elected, she was chosen by the Conservatives as their new leader, after they forced out Boris Johnson. Which makes the mess that she's causing even worse.

4.8k 265 replies
@benhaslam6382 2022-10-04

As a British person in the UK right now, I can say things really don't feel great in the UK right now either. Lots of people are struggling and worrying how to get through the winter. Literally everyone I know thinks the government is incompetent and wants to get rid of them (although I live in North London which is quite a Labour stronghold), Liz Truss's approval is already as bad as Boris Johnson's was. Things are bleak.

3.8k 440 replies
@GenericalFishTycoon 2022-10-04

"Imagine losing 5% of your savings overnight." I don't have to, happens every time I fall asleep with the heat running. Gas/Oil prices are just ludicrous right now.

2.4k 88 replies
@1ron_Giant 2022-10-04

I'm from the UK and what I find interesting is the lack of shock at this happening. I think it's because people are so used to government corruption.

1.7k 72 replies
@khayafhaya 2022-10-05

You know you’re in trouble when a Cold Fusion video comes out about your country

1.4k 39 replies
@ColdFusion 2022-10-04

Things are definitely heating up in the global financial system. In this episode we focus on the UK currency flash crash but I also touch on other global risk. Hope everyone out there stays safe. Also, thanks for watching.

1.3k 141 replies
@gabefernandes356 2022-10-05

I live in the UK. I work full time in a call centre, with sound engineering work on the side, and live in a tiny one-room studio apartment which takes half my wage. I wrote to the council asking for a payment plan on council tax, they haven't got back to me. I work next-door to Octopus energy, who are my supplier, and I know some of their staff. They are in such disarray that they aren't even bothering to chase me for my £1000 bill. The whole system feels like it's falling apart -nothing seems to work properly anymore. The Royal Mail are on strike. The rail workers are on strike. The only blessing in all of this chaos is that my debts are slipping through the cracks -for now. I have a degree in audio engineering and can't find adequate work because the music industry was killed by the pandemic, and if there was any life left in it, it'll be dead by January.

592 37 replies
@Yedaboys69 2022-10-04

“Imagine losing 5% of your savings overnight.” 5% of zero is still zero.

522 9 replies
@Mgunner762 2022-10-18

"Imagine losing 5% of your savings overnight." This happens to me a few times a month. I call it grocery day.

328 5 replies
@ReubenAStern 2022-10-14

I'm a working class British guy. The mood is apathy and distrust in the entire system. The people I'm close to were not surprised and are pretty certain they did it on purpose. They're not sure if the world governments are incompetent or evil but they think both is a very good assumption. The falling pound rarely comes up in conversation, they're more concerned about the price for heating their homes and inflation.

118 3 replies

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