Gary Stevenson: Bitcoin Is Going to Zero! (Videos)
This is a 3 February 2025 video. Gary Stevenson is a British economist, former financial trader, and YouTuber known for his economic analysis and activism against economic inequality.
Stevenson won a scholarship to study for a BSc in economics and mathematics at the London School of Economics, before becoming a financial trader at Citibank in 2008 at age 21. Stevenson became a millionaire in the wake of the great recession by betting on a large increase in economic inequality, and that growing poverty would cause interest rates to stay low. By trading on this prediction, he claims to have been Citibank’s most profitable trader globally in 2011. In 2014, Stevenson retired from financial trading to study for an MPhil in Economics at the University of Oxford. In 2020, he started the YouTube-channel GarysEconomics, where he campaigns against economic inequality and explains economic concepts to a wider audience.
https://youtu.be/hFjNHv7DiPs
Timestamps:
00:00:00 Introduction To Gary Stevenson
00:13:50 The Truth About Most Trading Advice On The Internet
00:18:41 The Illusion of Probability in Gambling
00:28:21 The Intense World of Professional Traders
00:38:06 Betting on Economic Weakness
00:49:36 Risk Management In Trading
00:56:54 Elon Musk and Trading Volatility
01:05:57 Political Power and Economic Inequality
01:15:18 The Power Dynamics: Wealth vs. Numbers
01:24:12 The Rise in Inequality and Living Standards Decline
01:33:13 Universal Basic Services vs. Basic Income Debate
01:42:20 The Experience of Writing A Bestseller
01:51:23 Episode Conclusion and Farewell
Gary Stevenson on Surviving the Broken Economy and His Mission to Stop Rising Inequality
In this 19 February 2025 video, hosts Jake Humphrey and Prof. Damian Hughes talk with Gary Stevenson to break down the rising poverty crisis and how the economic system is designed to benefit the wealthy while keeping everyone else stuck. He explains why working harder isn’t the solution and how the financial rules are set up to make it nearly impossible for most people to get ahead.
Gary is a British economist who made his name as a trader predicting the 2008 financial crash. But instead of staying in the world of high finance, he walked away to expose the deep flaws in the system that keeps wealth in the hands of a few while leaving most people struggling.
Gary also dives into the impact of major political shifts, including what Donald Trump’s return to power could mean for everyday people. He shares insights on the economic changes coming in the next 12 months that could directly affect the money in our pockets, and why young people need to rethink how they approach success in today’s economy.
Through his own experiences in banking and his personal battles with mental health, Gary offers a raw and honest look at the cost of understanding the truth.
https://youtu.be/gY81VE1OBjs
Chapters
00:00 Gary Stevenson on High Performance
00:10 Meet Gary Stevenson: The Financial Prodigy
00:56 The Economic Crisis and Rising House Prices
01:51 Understanding Market Misconceptions
02:26 COVID-19′s Financial Impact
03:32 The Growing Wealth Gap
04:39 The Role of Government and Wealth Distribution
05:31 The Reality of Economic Inequality
07:52 Personal Experiences and Insights
09:30 The Systemic Challenges of Social Mobility
11:21 The Political Landscape and Economic Policies
15:06 The Future of Economic Inequality
16:28 Historical Context and Lessons Learned
17:56 The Influence of Powerful Figures
21:58 The Call for Taxing the Rich
23:45 The Struggle for Affordable Housing
25:51 Personal Reflections and Final Thoughts
29:00 The Pressure on Young Men to Succeed
29:50 The Reality of Hard Work and Success
30:34 The Myth of Meritocracy
31:17 The Shift Towards Individualism
32:08 The Power of Collective Action
35:07 The Impact of Wealth Inequality
45:27 Personal Struggles and Mental Health
54:52 Quick Fire Questions
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Bitcoin/ crypto currencies are feeding the infrastructure the AI systems need; ever more data to crunch. Sure electricity grid.
What if Quantum computing is totally fraudulent? (It was that in the past), then it becomes the new slush fund the new “CFPB”. Or the new Moon landing, Mars landing; fraudulent Money $ hole that serves a totalitarianism.. (In the past it was all a fraud and still is.)
Microsoft: Breakthrough In Quantum Computing With An ‘Entirely New State Of Matter’
https://www.technocracy.news/microsoft-breakthrough-in-quantum-computing-with-an-entirely-new-state-of-matter/
Review that chip.
‘Entirely New State Of Matter’ = La la land –> Imaginary.