UK's debt? 950% of GDP

So I suggest if you live in the UK... read the information, and then realize what's gonna happen at some point. Then decide if your best bet is to get supplies and ``ride it out`` or get the hell out of the UK as soon as possible... or you know, ignore the information, like most people do.

Psssst France: Here Is Why You May Want To Cool It With The Britain Bashing - The UK's 950% Debt To GDP

Because as the chart below shows, if there is anything the global financial system needs, is for the rating agencies, bond vigilantes, and lastly, general public itself, to realize that the UK's consolidated debt (non-financial, financial, government and household) to GDP is... just under 1000%. That's right: the UK debt, when one adds to its more tenable sovereign debt tranche all the other debt carried on UK books (and thus making the transfer of private debt to the public balance sheet impossible), is nearly ten times greater than the country's GDP. To call that "game over" is an insult to game overs everywhere.

Why is this so big? Because there's a loophole in the UK's banking regulation that allows banks to do unlimited rehypothecation... you know what fractional banking is? Well in the UK, they can do UNLIMITED banking. That means they can pledge unlimited amount of money, even if they don't have collateral.

And this won't just be very very very bad for the UK when it goes down, but ANY BANK connected to ANY BANK having a branch in the UK... so basically EVERY BANK IN THE WORLD.

"Britain as a super power has never died...they have always pulled the strings around the globe. They still do today, and will do tomorrow. The US as the global super power was a purpose built nation as a distraction from the "real" global elite who originated and still thrive out of the UK"...

Que Tin Foil Hat Off...

Yip, scary stuff. The UK is living in dream world and Cameron is only there to stretch the inevitable a little longer until something MASSIVE occurs and changes it all...

reply to post by jrmcleod


Can't help but agree with you, and while some will take a pop at the Royals being behind it all, I worked at a little known place called KAYs right next to the BoE and it was where troops where stationed not to protect the gold, but rather where troops where stationed when the Royals/Parliament had loan requests turned down.

So from that point of view it's pretty easy to spot where the power was (and still is) behind the Thrones/Parliament

reply to post by Vitchilo


with downgrading occuring europe-wide except the uk, it is obvious that the powerhouse in london is very influential on the world stage. seems all global debt may be tied into the financial structures here and if someone panics, dominoes will fall.
there are not many people who could up sticks and get the flock out of here. the option to dig ones heels in, cut down on luxuries and pay off debts asap seems the best one for the majority.
watch out for the payday loans trap. many are now realising what folly they got themselves into. if in doubt,do without.
f

Originally posted by jrmcleod
"Britain as a super power has never died...they have always pulled the strings around the globe. They still do today, and will do tomorrow. The US as the global super power was a purpose built nation as a distraction from the "real" global elite who originated and still thrive out of the UK"...

Correction: the City of London (corporation) pull the strings. The people just get to pay the bills and fight the wars that they create. Fact: we didn't create the debt, we didn't create all the wars and we sure as hell have not all profited from the centuries of conquest, theft and general dishonesty and death. Only those at the top bankrolling it, stage-managing it and profiteering from the bloodshed benefit, while whipping up the programmed unthinking masses in a sickening patriotic frenzy to support it all.

Those in the city are above the law, just as they are in the financial world elsewhere. Just look at the rampant criminality on Wall Street, for example, and ask why none of those fraudsters are in jail. Well the same goes for the banksters in London too. They are the ones making the rules, making government policy and effectively running the whole system into the ground, before they hit the big reset button (global war) before doing it all again.

There is a strong similarity between USA and UK in terms of debt. Both countries:
■ are always hiding the ugly truth of their unsustainable debts
■ engage in strong deceit and denial acts in military, finance and employment figures
■ often use mainstream media to divert attention to other nations' issues

I have been reading up on rehypothecation. Its obviously a blue print for banking fraud and criminal banking everywhere. Not covered on mainstream media though. I got the info through the keiser report.

reply to post by TheMindWar


This is the Keiser report that explains all about re-hypothecating.

No wonder the UK is having such a debt ratio.



I'm no economist, but I think they manage to explain pretty much what re-hypothecating is. just seems like a massive extension of the derivatives market going through the city of London.

Interesting to read about, even if its a little unclear and 'secret', but OP I'm not sure why you suggest that people leave the UK. Where could they move to - France, Italy, or Spain perhaps? Or are UK citizens supposed to up sticks and go live in the US, where things are tough enough.

I believe in the sharing of knowledge but I'm not going to be led by hysteria and start moving from country to country, as people panic about the state of each countries financial affairs.

reply to post by freethinker123


Exactly ,not really anywhere to go. The Sunday Times headline yesterday was about drawing up plans for evacuating expats in Spain and Portugal, should the Euro collapse. Over a million UK ex pats.

reply to post by freethinker123


Well at least in the US there's second amendment rights and militias. If it hits the fan, people will fight for freedom. In the UK, the cops will bust your head open.

Same goes with Europe.

Or you could move to good old Canada... or South America... or New Zealand... or Australia... etc... there's lots of places to move to.

The UK is the worst off in terms of debts... and a lots of immigrants per capita... so it goes down, it's could be real bad.

Anyway that's why I said do your own analysis... if you want to stay in the UK, I suggest you prepare in kind...

Originally posted by woodwardjnr
reply to post by freethinker123

 

Exactly ,not really anywhere to go. The Sunday Times headline yesterday was about drawing up plans for evacuating expats in Spain and Portugal, should the Euro collapse. Over a million UK ex pats.

Yeah... I saw that mentioned on the news as well. Thought it a little strange though.

I mean, why would it be the government's job, at taxpayer expense, to bring home people who have chosen to settle in a foreign country, just because their economy has gone belly up!

UK private debt is the highest in the world.

UK government debt is also very high but owing to the spending restrictions they are imposing (austerity), the markets believe that the UK is in a position to do something about these levels. This is why Britain has not been downgraded but why France is / has been - the debt that France is exposed to is seen as more of a risk to investors.

The other reason Britain has not been downgraded is that most UK government debt is in 20 years Gilts and we have never defaulted on a loan in history. This is not true in either case with France who have certainly defaulted on a loan in the past and who are heavily exposed to debt in the next 2 to 3 years.

Which does nothing in reality to lessen the situation in the UK! I guess the thinking of the markets though is that the government debt in the UK is manageable.........

Mutual Assured Destruction has always worked out pretty well in the past??

The city of London probably has more imaginery assets logged than the global markets would care to discover so this will be brushed under the carpet, rich investors will continue to prosper and world debt will continue to rise.

BTW does anyone know how you can have world debt when resources, the markets, exchange rates, Hedge funds, Government expenditure, investment vehicles etc etc are all under the ultimate control of politicians???

Who is the money owed to and what happens if the taxpayer elects not to pay???

reply to post by Jukiodone


Interesting question about the taxpayer choosing not to pay. I have honestly no idea either - although whatever outcomes would be, they would only be acheived if enough people choose not to pay - they may prosecute a million for non payment but o doubt they would prosecute if it was, say, half the population!

reply to post by Vitchilo


I think you are reading the data wrong, take a look at the graph below the text you quoted, you see whilst all that debt is there, you need to look at the way the debt is broken down, household debt is around 100% of GDP, this is relatively normal for every country in a free capitalist society, if you look into the governments debt, this is less that GDP, this is actually quite good and why the UK retains its AAA rating, i.e. the Government can pay its debts.

Where the issue lies is with the huge debt in the financial market, as you can see it dwarfs the actual UK debt, and most financial debt debt around the world, now this is a terrible situation, but the exposure to this debt is not the UK's alone, not by a long way. You see London is the financial capital of the world, and all of the banks are tied in there including all of the central banks, even the FED, and that debt is not BRITISH debt but global bank debt and they are all tied into it via their UK branches, if it goes pop then every major bank in the world is going to take a massive hit, because they have all exposed themselves to this massive ponzi scheme.

There wont be anywhere to run, because everywhere will be hit, every bank will be at risk of collapse. That debt you point out is a banking debt and they are all in on it, all part of it and all exposed, if London goes teh the banking world collapses and there aint no hiding from it.

reply to post by Flavian


This seems to explain the position in Europe last year:





If this is replicated Globally it would be fair to assume that if all countries have debt and owe each other; there are only 2 solutions beyond blindly paying the shareholders of global banks and funds interest:

1: Sit down and globally sanitise country interest payments via the creation of a new rule on country debt
2: Stop paying, form a break away economic zone with required resources to sustain independence and techno/social evoloution in the inevitable war that would ensue.

Both seem virtually un-doable without a "World Government"...seems lilke it's only a matter of time before it is at least suggested as a possible remedy for the global financial crisis.....UK, Europe and the Americas versus China anyone???

Just an important aside regarding UK debt levels - historically we have always had extremely high personal debt levels when compared with other countries - this is historically because we like to own our own homes rather than rent, which is favoured on the continent - obviously that is a huge load of extra personal debt per person whcih skew the figures.

It is not clear (or i may easily have missed it) if the figures at the start of this thread take that into account.....

Aren't congress folks exempt from Insider Trading? I know this thread isn't about the US but with rules like this governing the western world is it really any surprise to anyone that we are in this mess? We all know the bankers run the governments so...

I think this kinda sums it all up...no need for fancy words or eloquent terms...just that statement...

All the more reason to end this despicable, thieving, unjust "Union" and give us our England back, free from the controls of the EU and Celts