Gary Stevenson

We're sitting here in the middle of a war which has been focused on

destroying the economy that is you know the basically iranian sort of primary plan is to like damage the global economy we are expecting to see like a pretty significant collapse in living standards all around the western world well not just the western world the entire world and

Yet, despite this intentional destruction of the economy, intentional collapsing of living standards, global stock markets are, in many cases, the highest they've ever been.

And it's not just Japan and the US, right?

So, you know, Japan and the US, all-time highs.

The Germany stock market is not even down on the year.

It's flat on the year.

The UK stock market, FTSE 100, is up 21% in a year.

I'll just go through them, yeah.

France up 11% Australia is up 2% Spain is up.

Can that be right?

Spain is up 32% and you know, these are one year moves from a situation where even one year ago, mostly stock markets were at all time highs.

It's not just the stock market of the gold price.

Gold has gone absolutely mental.

Gold has gone up 98.5% in the last two years.

The silver price has gone up 174% in the last two years.

So we're sitting here,

in the midst of like an enormous economic crisis and what we are seeing is like all global asset prices all global stock markets like doing incredibly well and a lot of people are confused about this because people have generally been led to believe and there is a general assumption that when

The economy goes good, stock markets go up.

When stock markets go up, it's because the economy is good.