Gary Stevenson

Somebody accumulates money.

And I did all this analysis at the beginning of COVID because my background is like distribution and inequality.

All I really wanted to know at the beginning of COVID was who is it going to be that accumulates that is on the other side of this enormous deficit that will be run by the government.

And if you want to see the details of that, you can go and watch the first video on this channel.

You can see me following it through.

but i'll give you the um the uh conclusion the conclusion i came to was that these enormous government deficits in covid were going to end up being accumulated basically by the richest people in the country and that happened here in the uk but it also happened pretty much wherever you're watching unless you're watching from switzerland that happened in basically every single country in the world and that led me to be able to make these like really in my opinion like quite obvious conclusions like if we know

that what is going to happen is governments are going to run huge deficits and the richest people in the world are going to start accumulating like unbelievably enormous piles of cash.

Like what is the obvious consequence of that?

The most obvious consequence, if you give like rich people an enormous amount of money, so something you need to understand, when I talk about rich people, especially talking about very rich people, people with like 10, 20, 100 million pounds or billions of dollars,

If you give a large amount of money to somebody with that amount of wealth, they, by and large, will not spend much of it.

They won't increase their spending much.

Very rich people are not very cash constrained.

They can already buy the things they want in most cases.

If you give them an enormous amount of money, what are they going to do?

they're going to buy assets.

This is the most obvious thing they're going to do.

They are going to buy assets.

Like if somebody gives me now £100,000, I will buy that day £100,000 worth of assets.

That is what rich people do with their money.

So I think really, to be honest,