The FALKLANDS, how is it getting RICH? – VisualPolitik EN


when we think of the Falkland Islands we
tend to think of them as a cluster of remote and inhospitable islands located
about 400 kilometres from the wilds of Patagonia the Falklands are made up of
more than 700 islands but cover an area approximately 12,000 square kilometres
big making them bigger than Puerto Rico Cyprus or Lebanon yet despite their size
can you guess how many people live there well it’s only about three and a half
thousand Marines that the population density works out to about one
inhabitant for every four square kilometers whispers the Falklands in the
top three least inhabited autonomous territories on the planet right up there
with Greenland’s and thus far barred Arctic Archipelago but another way it’s home to more
penguins than it is to people to give you an idea of just how few people that
is picture a football stadium like Wembley you could fit the entire
population of the Falkland Islands into the stadium 26 times over
apart from being almost uninhabited they are also known for their ongoing dispute
with Argentina which claims that the islands are part of their own territory
and as Argentina is their closest neighbor this tense relationship makes
the Falkland Islands very isolated indeed hence well I got us wondering what
exactly drives the falklands economy why are the islands in this controversial
tug of war and can such a small territory survive on its own now what if
I told you that the Falklands could become one of the richest territories in
the world don’t believe me well listen up what do the Falklands live off let me
ask you a question could you name the richest autonomous territory in Latin
America right now you’re probably thinking Puerto Rico
maybe Chile or Panama well actually no with a gross domestic product of more
than 60,000 US dollars per capita the Falkland Islands of the wealthiest
territory in Latin America in fact we’re talking about almost five times the GDP
per capita of Argentina and yes I know that the Falklands aren’t
technically a country but they do have their own governmental institutions and
a decent amount of say in the running of the islands in practical terms they kind
of are a country and their economy is actually going from strength to strength you see despite being isolated and
practically uninhabited in the last decade the islands have averaged an
annual economic growth of more than five percent in real terms and not only that
unlike other Latin American governments and let’s face it almost all the
governments in the world the local authorities have not only managed to
keep the country debt-free but they also hold reserves something like a sovereign
funds of more than 250 million American dollars now that might not sound like a
huge amount of money but distributed across the tiny population the
government savings equate to more than $75,000 per inhabitants okay let’s go
back to our original question and thus where did this money come from and
something you might be thinking right now well Simon come on the Falkland
Islands they belong to the United Kingdom surely they’ve been heavily
subsidizing them and the public sex has got to be the most significant activity
right well surprisingly the answer’s no not at all we have absolutely no doubt about their
sovereignty which has been continuous since 1833 Margaret Thatcher the
Falklands are actually a self-sufficient Territory the United Kingdom only takes
care of defense spending and nothing more and those costs they on that high
and they wouldn’t even be necessary if it weren’t for the ongoing political
conflict over sovereignty you see the harsh environment it made
the Falkland Islands relatively poor so poor they were probably doomed to be
depopulated but in 1987 all of that changed the inhabitants of the island
realized that they had to create income if they wanted to stay and so they
became business savvy and when it comes to doing business that British they’re
great role models so formally Vedas Britannica so Delta s a la coruna some
pocos and numero pero tienen el derecho de vivir en paz de la hear su propia
forma de vida y the determiner su propia le alta es el deseo del pollo británico
y el deber del gobierno de su majestad hacer todo lo posible para defender sá
barreto es asura nuestra speranza in oestrus first Oh Margaret Thatcher the
change of rules had been notified at the end of April in 1987 the island’s local government
began to sell licenses to foreign fishing companies allowing them to
operate within the Falklands maritime territory in this way they began to
treat their waters as if they were any other resource this practice it’s proven
lucrative and the government’s collects a lot of revenue from it every single
year what’s more Falkland Islanders very concerned with fishing sustainability so
this source of income isn’t about to run out anytime soon but it does not end
there since the 1980s three things have been very clear to the Falklands
government firstly they need to encourage business creation and
encourage initiatives the Falklands inhabitants who all know each other to
live off the fruits of their own labor not from taxes and public spending
secondly to make that possible taxes need to be moderate and that they are
foreign fingers no taxes on purchases on the islands and excise taxes are also
low petrol is actually cheaper than it is in the United Kingdom so if a person
earns say two thousand five hundred American dollars a month they’ll pay a
total of a hundred and forty dollars per month in taxes which is less than six
percent and thirdly the local government not
only doesn’t need to borrow they actually have savings debt there was no
room on these islands for debt as you can see from this chart you could say
that the Islanders believe in surpluses so the Falklands inhabitants they’re not
only freed from paying taxes and public debt the sovereign funds savings
accumulate from year to year which means funds are available whenever public
works and need it for example they are currently building a new port and
expanding the airport another benefit to all of this is that there’s no
unemployment in the Falklands and ninety percent of working-age people have a job
in recent years new industries such as tourism and fish farming they’ve taken
off the economy is doing so well and the work opportunities are so attractive
that the government is preparing for an influx of foreign workers which could
see the islands population dull in the next few years the downside is being so
isolated and with such a small population that Amazon doesn’t deliver
the Internet is slower than a turtle with arthritis and of course unless you
like nature there’s not a whole lot to do but this is all just a taste of what
may still beat cancer listen up Road to wealth it’s clear the falklands inhabitants
have managed their situation very well this tells us that even in such a small
and isolated territory success is possible when decisions are made based
on careful forethought and it’s not as if you have to reinvent the wheel here
there are plenty of cautionary tales to pull from yes young dilemma yes sir
see there but even though things are already going well the fate of the
falklands inhabitants is about to catapult right into the stratosphere
check this out in 1993 the British Geological Centre located oil just off
the coast of this archipelago exploitable oil after years of intense
preparation the project it can now start bearing fruit to small British oil
companies Rockhopper exploration premier oil are allowed to start building the
infrastructure that will allow the Falkland Islands to produce oil the
forecasts are that they will surpass 80,000 barrels per day in just three
years so they only need the price of all to
remain above $45 per barrel to make this business profitable now 80,000 barrels
it might not seem like a lot but don’t forget we’re talking about a territory
with just over three thousand inhabitants 80,000 barrels at the
current price of 60 US dollars per barrel means an annual income of around
one point eight billion dollars nine percent of that income and 26 percent of
the final profits obtained by the oil companies will go to the local
government we’re talking about a number that will probably surpassed 200 million
u.s. dollars in public income alone that equates to about 60,000 additional
dollars per inhabitants every single year and let’s not forget about the
extra jobs services and taxes that are being brought in by this new industry and this is only the beginning because
acceleration is still underway if things go well the falklands daily production
could well exceed a hundred thousand barrels per day within just 10 years all
in it’s estimated that this archipelagos total exploitable oil reserves could
exceed a billion barrels and if this is the case in just a few years these
islands could become one of the richest places on the planet I can assure that
one thing would never change our absolute commitment to the people and
sovereignty of the Falkland Islands Theresa May today the Falklands they may
seem inhospitable but with employment opportunities good salaries low taxes
improved communications that solid legal framework hardly any corruption many
civil liberties and a lots of security our impression about life on these
islands in mind well change especially when compared to the situation in other
countries on the American continent so folks that’s how things stand today in
the Falklands or as the Argentinians call them the Malvinas of course apart
from the issue of sovereignty which we looked at in a past video if forecasts
are met these islands could become a business hub for the southern regions of
Argentina maybe the time has come to just put old quarrels to rest and share
the good fortune when I met President Macri earlier this
month becoming the first British Prime Minister to ever visit Buenos Aires it
was a pleasure to focus not just on what separates us but on what we can achieve
together Teresa may December 2018 so I really
hope you enjoyed this video please do hit that like button if you did and
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episode but weren’t online also this channel is possible because of patreon
and our patrons on that platform please consider joining them and supporting our
mission of providing independent political coverage and as always I’ll
see you in the next video you

100 thoughts on “The FALKLANDS, how is it getting RICH? – VisualPolitik EN”

  1. There's a reason Britain won't let the Falklands islands go. Large oil deposits and probably lots of mineral wealth.

  2. Oil is the excrement of the devil. Falklanders should save their islands by banning drilling. Money isn't everything.

  3. Now might be a good time to get in on the ground floor!
    Imagine buying some real estate here and coming back in 10 years.

  4. Holy shit the situation in the Falklands is looking so good, I just know that something real shit is going to happen.

  5. The music sound tract reduces overall quality of your videos by 80%. I would subscribe and watch more but they are insufferable.

  6. That much oil is a bad thing. If people come to rely only on that they make get lazy and forget how to do anything else.

  7. The Falkland Islands is a dependent and non-autonomous territory, under the administration of the United Kingdom. The British Empire was the most successful of all the kingdoms, and today Great Britain continues in search of booty, trade and power in militarily vulnerable countries like Latin Americans.

    It is still its method the "free trade" and debt, combined with the cannon shots of investment to generate dependency, impose the rules of the game and the costs to the countries or region that accepts it.

  8. Are these videos dragged out for some techie reason? To gain money? This video could easily be 3 minutes long.

  9. What a terrible video. The Falklands Islands are not in Latin America because they speak ENGLISH. They are in South America.

  10. As many others have noted, there was someone's cell phone causing electronic interference in the audio (buzzing). I looked at my own phone a couple of times just to see, but as I expected, it wasn't the source. A common sense tip for all is make sure your electronic devices like cell phones are kept away from your recording setups during sessions.

  11. Wow….  I think you folks may be trying to produce too much content with too few resources. Does anyone watch these videos all the way from start to finish before you upload them? I'll still give the video a thumbs up, but it is being done out of loyalty this time and not based on quality.

  12. How ironic that the UK government knows how to spark growth and prosperity by introducing low taxes like they did in building hong kong and now the falklands but at home the people are taxed to death and the labour party would tax the shit out of us even more.

  13. Summary – Exploitation of natural resources namely fish, crude oil, sheep, tourism(nature).
    This also points to exhaustion of resources in mainland continent, so humanity is moving to remote islands for resources.

  14. What a huge contrast to the deeply corrupt, demagogic, interventionist, bloated and backward thinking governments we have in this god forgotten piece of sh*%#t that is South America. Long Live The Falklands! May it be an example on how to do business and live decently. Long Live The Falklands!

  15. In this video they use the term “income” when they really mean “revenue”. They are not the same thing.

  16. Why do you consider Falkland Islands a Latin American territory? We, in Brazil at least, don't include any non-Romance speaking countries in the Latin American pot.

  17. No, when we think of Falklands, we tend to think it's an imaginary land from some fantasy book. I doubt many people outside of UK and Argentina ever heard of it before watching this video.

  18. Simon, you can do better, calling Falklands autonomous? seriously? they don't live the reality, are not a parameter. They live as immature teens knowing that if they mess something up their parents will be there to back them up. If it weren't because of the UK crown only penguins and grass would grow there.

  19. This is the thing if Argentina didt know or the UK didt know they both suspected oil!!!!! No on goes to war for the principal of 3000 sheep farmers. Hope they all do well they didt start this.

  20. Just about the time they start getting wealthy, Argentina will want the islands bad enough to invade again.

  21. NOOOOOO!!!! don't let Theresa may touch the falklands life and politics, she can't even hold the uk together she'll screw over the falklands to another country in a heartbeat

  22. Sorry mate, but the quality of your vids is getting worse and worse, while you are putting even more adds on. 4 fucking adds???

  23. You guys really need to proof watch these vidoes. It would take just a few minutes if you run it at a higher playback speed and it would avoid random buzzing and spanish narration.

  24. A small British island off the coast of a large continent becoming a success? Who'd have thought it? #Brexit!

  25. This could happened to Brazil or Venezuela if they didn't decide to secide from Spain and Portugal

  26. Good content but way too much b-roll with no narration which alienates your viewers by boring them and then it is adios amigo also turn off your mobile phone(s) as it causes microphone audio interference every 5 mins. One other tip not everyone likes all the variations of heavy rock under the sun playing in the background far wiser to go for something more neutral.

    By the way oil survey ships were around the Falklands before the war started (a friend of a friend worked on one of them) that was one of the main reasons why the war started but here we are in 2019 and zero output from those non viable gas and oil fields sadly as always those in power abusing their position by using those naive soldiers on both sides as their pawns in their larger game.

  27. "Only takes care of defence spending (add international relations)".
    We spend about 75£ defending the islands.
    3500 inhabitants, and 1300 of them are military paid by us UK tax payers.
    Soo 75/2200= 35.000£ pounds from our pockets go to each of them.

  28. What if Italians in Argentina decide to start 2nd Falkland War??? Some Italians are stubborn and so r some English.. U talking about two groups of people with a lot of pride..

  29. Labour plan to increase the population of the Falklands by uncontrolled mass immigration from Northern Pakistan and Bulgaria.

  30. This is guy is apparently called Simon Whistler, he just seems to be communicating material which is given to him. I wonder who it is who feeds him all this stuff, because he just sounds like a mouth piece for the UK government Foreign & Commonwealth Office. So who writes the content and where does he get it from?

  31. The Falklands have benefited from massive government aid and investment since the 1982 war to justify the UK military involvement and to reassert UK interest in the territory. The population at the time of the war was just under 2,000 people, today it is just over 3,000 people, not even the population of a small town. Why is the UK government still so interested in this territory? Well the answer is that possession of the Falklands is the entire basis for the UK government's claim to a share in the potentially large offshore oil and gas of the South Atlantic. In the early days of establishing democracy shortly after the war the UK government established an agreement giving the UK two thirds share of oil and gas resources and Argentina one third. Years later the Argentine government repudiated this deal saying that it was an unfair treaty made at a time when the Argentine government was vulnerable and dependent on foreign support. Since then there has been recurring tension between Argentina and the UK over oil and gas rights in the South Atlantic.

  32. It is ridiculous to compare economic conditions in a minute fishing and sheep farming colony with a population of a village, with the economies of vastly larger and more populous Latin American countries. This entire channel is just a stream of UK government propaganda for people who don't know or understand very much and so can't read between the lines or analyse critically.

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