Liam Halligan: 'The trust system, that these little pieces of paper really mean something is broken'



‘The fiduciary aspect, the trust system – that these little pieces of paper really mean something – is broken. That’s when you get inflation and that’s what we’re seeing now.’

GB News Economics and Business Editor Liam Halligan on the current state of the UK’s economy.

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16 thoughts on “Liam Halligan: 'The trust system, that these little pieces of paper really mean something is broken'”

  1. Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people's lives.

    Reply
  2. Neil Oliver…..what a hero….telling it like it is…that most of us were never aware of!
    Thank goodness for people like Neil…
    shining light onto what has really been going on….keep up the keep work Neil….your monologues are masterpieces in enlightenment……👍

    Reply
  3. S&Ps, Moody's, Fitch all have excellent credit ratings for the UK which just shows that there is absolutely no distress in the economy. A rebound to get AAA rating is just around the corner.

    Reply
  4. Neil's monologue, and this discussion which followed must rate as one of the best yet. Liam, Jasmine and Molly are superb guests and have a real understanding of how things are. It is a disaster that discussions like this are not shown on the MSM to a much wider audience. Most people I think are in blissful ignorance of what is going on as they swallow the rubbish the likes of the BBC put out.

    Reply
  5. Liam Halligan points out his parents benefitted from "Right to Buy"
    What Liam and many others who benefited forget is that properties sold on the scheme were not fully replaced which has made the housing crisis worse
    A market rigged by governments of both stripes

    Reply
  6. The pound tanked because the government is going to fund tax cuts with more borrowing causing financial markets to dump Gilts (government bonds) in the belief the policy will stoke inflation further eroding the value of bonds in real terms. Pension companies were then hit with margin calls because the high risk leveraged financial instruments linked to Gilts began to fall sharply. Unfortunately pension providers are forced to use high risk instruments because the bank of England (BOE) has artificially kept interest rates too low for too long via QE. It's a complete mess and down to the incompetence of successive governments (too much borrowing) and central banks including the BOE.

    Reply

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