Rupert Lowe

So eventually what they do is they decide they don't want to buy that debt.

And then you can't fund yourself.

And then you have a funding crisis, a bit like we had in the mid-70s.

And in those days, we went to the IMF and we got the IMF to bail us out.

I'm not sure that the IMF would come and bail us out at the moment because I don't think an economy which basically robs the productive to fund the indolent and to fund welfare

I don't think the IMF would put up with that.

I think we're very close to it.

They're economic migrants.

So that's a big difference.

But I don't understand how any... France is probably worse than us if it's any consolation, Tucker.

But I'm not really interested in a race to the bottom.

Well, this is where we're delusional because our own house isn't in order and we spend our lives...

worrying about you know what's happening everywhere else including sending vast amounts of money uh overseas in overseas aid i mean where the countries that a lot of these people are coming from we're sending them aid i mean pakistan for instance i think we send 130 uh billion 130 million pounds a year to pakistan why just one example you tell me

and a lot of the people are coming from Pakistan.

So I think it's just the people in power, they get a kick like latter-day emperors who used to travel around the world dishing out sort of cash.

I think it gives them a lot of pleasure to think that they are these important people dishing out money we haven't got.

I think people have noticed the Ukrainian money that's flowing into Monaco in particular.

Exactly.

So the number of Ukrainian-registered Porsches, Astons, whatever, in Monaco is massive.

You and I know that some people make a lot of money out of war.