Why this site?
Because this Country (and most of the World) is in trouble, big trouble and we need many more people to understand what is happening, this site attempts to help people learn about the issues, and what we can possibly do about them. Be warned, some parts are not pretty and not pleasant.
Instrumental in control of economics by the rich has been the debt-based monetary system, where credit is treated as the monopoly of private financial interests who in turn control governments, intelligence services and military establishments. Politicians are bought and sold, elected or removed, or even assassinated for this purpose. The global monetary system is tightly controlled and coordinated at the top by the leaders of the central banks who work for the world’s richest people.
The below graph illustrates how much Inflation we have experienced that most people are likely unaware of is that of the loss of purchasing power of the British Pound which is now worth less than 40% of its value of 25 years ago as governments continue to relentlessly erode its value all the way towards zero.
This IS the reason why your real experience of day-to-day living expenses does not match government / media propaganda. However, it is even worse because the rate of Inflation is EXPONENTIAL. What this means is that if you stuffed money under your mattress 20 years ago, today it’s value would have been inflated away by 50%.
The debt / money printing induced inflation mega-trend is forcing people to either spend or put their hard-earned cash into the bankrupt banks for a pittance in interest that is TAXED, so that it is near impossible to consistently get a return that is greater than even the official rate of inflation let alone the real rate of inflation that is currently about 3.6%, as governments continuously tinker with the methodology to reduce the official inflation rate as you will likely experience when you go to do you weekly shops and experience inflation rates nearer to 9% then 2%.
Britain is very deep in debt, much deeper than is commonly reported, and most people realise.
- The stated public debt we know about is currently around £1.7 trillion, this is the reported figure, but excludes the financial interventions (bailouts), when these are added in the figure is nearer to £2.5 trillion.
- In addition we should factor in outstanding personal debt, on such things as mortgages, loans and credit cards, this comes to a staggering £1.4 trillion.
- Additionally Britain has an unfunded state pension liability of £1.8 trillion, and unfunded public sector pension liabilities of £1.2 trillion.
Already that comes to a jaw-dropping £6.9 trillion debt, which based on a GDP of £2.2 trillion, amounts to a debt of almost 350% of GDP, or four times our GDP. But even that is not the complete picture of the level of indebtedness in the UK, this does not include private sector debt
- Combined, non-banking Corporate debt is currently £1.5 trillion
- financial sector debt is £3 trillion
So add that in and we are looking at a figure of around £11.4 trillion in total UK debt, which is more than five times (500%) our current GDP, this is known as our “External debt to GDP ratio”. This is extremely serious. Weimar Germany in the 1930′s during its hyperinflation days had a debt-to-gdp ratio of around 900%, we are not far from that figure. RoI (Ireland) has an external debt to GDP ratio of over 1000%. In comparison the BRIC countries are much healthier:
The USA is 99%.
In 2017 Britain borrowed £70 billion , that is £70,00,000,000 (or $91,000,000,000), what does this mean in simple terms?
This means just over £2,220 ($2,860) per second (by way of comparison US debt increases by $52,162 per second), or
£133,181 ($173,135) per minute , or
£8,000,000 ($10,400,000) per hour, or
£192,000,000 ($250,000,000) PER DAY, to balance the national budget and fund government including the debt repayment on what we have borrowed previously.
But the good news is, it is down from the previous years £88 billion, so we have borrowed £18 billion pounds less, which is about 90 days.
So if the government announce they are making a saving of say £1 billion, that is just over 5 days worth.
The following set of pictures, using $100 notes, shows progressively increasing amounts of money, and how physically large these amounts are.
$1,000,000,000 (1 billion dollars).
Try and imagine (if you can) what $186 billion (£120 billion) might look like?
Our largest denomination is a £50 note, so a billion pounds would be twenty (20) pallets. So £120 billion would be 2,400 pallets of money. In March 2013 Britain borrowed £15.1 billion (302 pallets worth), which is £5,825 per second. However, this was actually down from £16.7 billion in March 2012. The media talk about billions and trillions as if they are somehow insignificant, they are not, a billion pounds is a staggering amount of money – twenty pallets of £50 notes, shoulder-high to an adult.
Follow this link to see what a trillion dollars looks like. The current dollar:pound exchange rate is 1.3:1 so to imagine what these $100 amounts would need to be to represent the equivalents in pounds, you need to add 30% to these amounts. So a £billion would be $1.3 billion, or 13 pallets.
The picture below explains what some (not all) of our (UK) commitments look like using $100 bills.
What the image above represents is the UK’s current debt level ($1.611 trillion) and what this would look like if represented as $100 notes, each block in the towers and on the truck represents a pallet holding $100 million in $100 denominations. Each fully laden lorry carries $2 billion, representing the amount of interest the UK will pay, a total of $67 billion. The tower on the red block represents government loan repayments in 2012 amounting to $165 billion. The tower on the yellow block represents government loan repayments to be repaid in the future, amounting to $1.379 trillion.
This amazing image and many others which explain the Worlds current financial predicament can be found at demonocracy.inf
UK has a large economy of $2.480 trillion USD, but now holds debt of 75% of economy, which is more than the 60% max debt to economy ratio set by EU for economic stability standard.
In February 2013, UK lost its AAA credit rating.
High debt slows economic growth and it is reflected in the slow 0.9% growth of economy in 2011, which is much lower than the 4.2% inflation – meaning people of UK are becoming more poor as of 2011/2012.
Well if you think that’s bad, the next image represents the total US unfunded debt.
This amounts to a current total of $122.1 trillion. The 122.1 Trillion dollar super-skyscraper wall is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills.
If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to serve them, this is what the U.S. Government has done while serving The People.
The unfunded liability is calculated on current tax and funding inputs, and future demographic
shifts in US Population.
Note: On the above 122.1T image the size of the bases of the money stacks are $10 billion, and 400 stories @ $4 trillion
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” – Thomas Jefferson
Everyone needs to see this.
“This is when you need to remember that when a nation’s economy collapses, the wealth of the nation doesn’t disappear, it only changes hands.”
Source: Federal Reserve & www.USdebtclock.org – visit it to see USA debt in real-time and get a better grasp of this amazing number.
Top ten reasons we are in trouble:
- Our economy is based on a Fiat currency which has no intrinsic value. In 1925 we came off the gold standard and adopted the paper (fiat) standard and have been bankrupt ever since. Because we have fiat money we can only discharge our debts, not extinguish them, meaning we remain in debt. If you make a payment with paper (or digital) money, the debt you think you are paying remains unpaid and actually increases the overall national debt. Debts can only be extinguished using something of value, such as gold or silver, or by performing work, or by exchange (barter) acceptable to the debtor.
- Banks are leveraging in some cases more than 100 times their assets (Goldman Sachs is 362 times).
- Total UK debt (government, public, commercial) including unfunded obligations (public sector pensions etc) is estimated at over nine times (500%) our current GDP.
- Interest on the national debt currently runs at £70 billion, which is about £192 million per day, and is increasing at around £2,220 per second.
- The large commercial banks caused the current financial problems with their reckless gambling, and the taxpayer is bailing them out, to just do it all again.
- Global debt is somewhere between 1,000 and 1,500 trillion dollars, (1 to 1.5 quadrillion) about ten times the size of the entire global economy.
- We pay just under £400 billion per year in direct payments to the EU, and supporting 8,500+ EU sanctioned QUANGO’s and complying with EU regulations.
- Many people are paying up to 80% (or more) in direct and indirect taxation on what they earn. Inflation although low is way above any general increase in income.
- Global warming is a financial scam to fleece the people of the World.
- Westminster has very little power, most has been ceded to either the EU or the UN. The West is run as a Corporatocracy, for and by the Corporations.