Unless you have been living under a rock for the past six months you should be aware that we are at the very beginning of the worst recession in history.
Why the worse?
The IMF reported this as far back as Feb 2020 in an article in Time Magazine. The MD of the IMF, Kristaline Gergieva said at the Munich Security Forum in Germany that they predict the worst economic fallout since the Great Depression of 1929–39 USA.
This was when the USA markets crashed on October 24, 1929 known as “Black Thursday” when a record 12.9 …
If like me, you’re a landlord and it provides you passive income, and if like me, you’re based in the UK, then you really need to pay attention to what I am about to say as I’m mad as hell because no one is talking about this.
All British citizens have just lost their property rights!
This is an outrage and no one’s talking about it.
Why is that the case..well…
As we all know, COVID allegedly started in China around November 2019 and we took our time here in the UK to get this whole lockdown thing…
One of the biggest financial news stories of the year came out recently and as usual, the mainstream media very conveniently decided to side-step the news…why?
Because it was a positive news story concerning cryptocurrency and the legitimacy of these digital currencies confirmed by the banks. But there is also a very dark twist “hidden in plain sight” which I would like to expose!
As someone who’s been in Cryptocurrency since 2014 having bought my first Bitcoins at $90 and invested in Ethereum when it was at $4 only, I’ve pretty much seen it all. …
It’s all right folks…we can all take a nice deep breath and relax because the British economy is fine now because guess what…
The U.K. housing market is now having a mini-boom!
What could have caused a mini-boom??
Could it have been the fact that the housing market had been closed for four months and now people are taking off from where they left off…well…that’s a possibility!
But, would that on its own be enough to cause a mini-boom?
People may need some more incentive so…that’s right..we have had a stamp duty cut.
So from a slowing down market…
So as far as the United Kingdom is concerned, we have officially been given the all-clear to finally open businesses, thank goodness for that!
But what’s happened since we have been in lockdown from March until now?
Well, the entire economy has taken a smack on the chin that Mike Tyson would be proud of and like a boxer in the 12th round, it is wobbling at the knees!
And who is the ring man put forward to breathe life back into the British economy, it is none other than the new Chancellor of the Exchequer, the poster boy who…
The big news in the property so far this year has got to be the British government very kindly giving UK residents a stamp duty holiday. Stamp duty for those of you that don’t know is the tax extorted; I mean required by the British government to be paid on all property purchases in the United Kingdom.
So they’ve given this holiday…how very nice of them.
What’s the catch!
What was that…is there a catch?
Of course, there’s a catch. Especially as stamp duty on real estate is one of the British government’s main sources of extortion, I mean income…
I have some massive news for you. And you know what? When I hear a story like this, I’m like, oh, my gosh…I was not expecting that!
As somebody who’s been in cryptocurrencies since 2014, this is huge news for me and has made me very excited!
Unsurprisingly, there is hardly any publicity around this. That’s why I’m going to bring it to your attention. And guess what it is.
It's only PayPal planning to roll out crypto trading and storage!!
Oh, my gosh. I can not believe they actually said that.
As a 44-year-old “man of the world”, there…
And finally, the media are starting to tell a bit of truth. But please don’t get too happy..its a just a teeny tiny bit of the facts.
According to the very few reports in the British mainstream media on the subject, the UK economy has had its most significant fall in 41 years due to the COVID 19 lockdown. The GDP figures, which show a drop of 2.2% in March are now showing that the impact of the pandemic was worse than first thought!
Apart from supermarkets, petrol stations and newsagents, most places were closed. And we were very kidly…
The British finance ministry has reported that to date, they spent approx £25 billion on the furlough scheme
The U.K. furlough scheme has supported 9.3 million British residents who are in full-time employment but have been sitting at home as they have been unable to go to work because of the COVID pandemic.
Now, this sounds very honorable and some may even say the right thing to do. Where else has the British government authorized had out money?
Banks have also lent small businesses £29.5 billion with 100% state-backed “bounce back” loans via the British Business Bank which was formed…
COVID19 has claimed its latest victim. Who is this newest victim?
Shell, yes, shell!!
The massive global oil giant with the yellow sign. Whenever we drive down a road, wherever you are on the planet, you’re likely to see a petrol pump which is owned by Shell, which is Royal Dutch Shell and is owned by the Dutch royal family.
And they are taking an £18bn hit because of COVID19.
My goodness me. What is going to happen here?
Let’s have a quick conversation about this.
Yes, Shell Oil has warned of an 18 billion dollar hit to their books…
Gurmit Combo👊💯💵🔑 💡Cryptocurrency Wizard 💸📊Alternative Investment Strategist