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Something else for Suity to worry about

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    Something else for Suity to worry about

    If you're wondering how the 20th century really ends for us in the UK, in about 2015, this seems as plausible a scenario as any

    The End Of Britain 4 - MoneyWeek

    The whole article is worth a careful read by all those complacent chumps who won't hear of selling off the NHS!

    ::::

    In recorded economic history, every single country with debts as big as ours – every single one – has suffered a devastating economic collapse. There are NO exceptions.

    For example…

    During the Great Depression – when thousands of ordinary people lost everything – America’s total debt hit 252% of GDP. In any circumstances, that’s bad.

    But things can get worse. During the Japanese economic collapse – which triggered more than two decades of deflation and a 75% drop in the stock market – Japanese total debt hit 498% of GDP. That’s twice as bad as the level of debt seen in America during the Great Depression.

    If Britain’s current debts were at those kinds of levels, it would be worrying. But in truth, our debts are now much worse than either of those two examples.

    Shockingly, our debt load is now on a scale comparable with one of the most frightening economic disasters of the 20th century…

    We're talking about the Weimar Republic.

    Back then, suffering under the weight of brutal war reparations, civil unrest and shattered public finances, the Weimar Republic’s total debt equalled 913% of its economy.

    I’m sure you know what happened next: the government printed money and hyperinflation took off. In the end, it was cheaper to decorate your home with bank notes than wallpaper. Ultimately, the country descended into a period of economic and social crisis… a catastrophe that ended with the rise of the Nazi party.

    And that was with debts worth 913% of the economy.

    Today, Britain’s total debt equals 900% of the economy.

    When you add in our financial sector debt, government debt, personal debt and corporate debts… our debt load rivals the Weimar Republic in scale.

    To put it mildly, this worries us a great deal. It should worry you, too. Because this simple fact alone proves just how inevitable Britain’s coming crisis is.

    Remember, as you saw earlier the only thing delaying the crisis right now is the fact that interest rates are at historical lows. That’s what allows life to carry on “as normal”.

    But things won’t be this way for long.

    Because the simple fact is:

    When interest rates rise – and they WILL rise – Britain will face the greatest crisis in generations.

    :::::
    So glad I'll be mortgage free in a month or so, living in a huge turnip of my own in rural Devon
    Last edited by OwlHoot; 3 May 2014, 20:17.
    Work in the public sector? Read the IR35 FAQ here

    #2
    Weimer republic did not lead to depression.

    Sooner inflation takes off the better - young people have been disadvantaged at the expense of the old for way too long.

    Comment


      #3
      Originally posted by OwlHoot View Post
      If you're wondering how the 20th century really ends for us in the UK, in about 2015, this seems as plausible a scenario as any

      The End Of Britain 4 - MoneyWeek

      The whole article is worth a careful read by all those complacent chumps who won't hear of selling off the NHS!



      So glad I'll be mortgage free in a month or so, living in a huge turnip in rural Devon
      Or to paraphrase, lets scare the crap out of every one and sell some more magazines at the bargain price of £175 pa.
      "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

      Comment


        #4
        Holy crap 2014 is in the twentieth century.
        Knock first as I might be balancing my chakras.

        Comment


          #5
          Hmmm, current debt against GDP is about 75%, where the hell does 900% come from!

          Or is the 900% include lost of other types of debt, if so does the 913% also include this type of debt?

          Its almost like someone is trying to scare us!
          Originally posted by Stevie Wonder Boy
          I can't see any way to do it can you please advise?

          I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.

          Comment


            #6
            Originally posted by suityou01 View Post
            Holy crap 2014 is in the twentieth century.
            We've discussed this before - It's just the idea that in recent centuries an era-changing event has occurred a few years after the end of a century and heralds the "real" start of the next, for example:

            * 1713 - Treaty of Utrecht
            * 1815 - end of the Napoleonic Wars
            * 1914 - start of World War 1

            So we're about due for a paradigm shift now ...
            Last edited by OwlHoot; 3 May 2014, 20:18.
            Work in the public sector? Read the IR35 FAQ here

            Comment


              #7
              Originally posted by SimonMac View Post
              Hmmm, current debt against GDP is about 75%, where the hell does 900% come from!

              Or is the 900% include lost of other types of debt, if so does the 913% also include this type of debt?

              Its almost like someone is trying to scare us!
              This.

              And even if you include personal debts it is only another 75% or so.

              It sounds like a load of old bollocks to me, can anyone enlighten us what this article is on about?

              Comment


                #8
                Originally posted by OwlHoot View Post
                We've discussed this before - It's just the idea that in recent centuries an era-changing event has occurred a few years after the end of a century, for example:

                * 1713 - Treaty of Utrecht
                * 1815 - end of the Napoleonic Wars
                * 1914 - start of World War 1

                So we're about due for a paradigm shift now ...
                Hopefully it will be a good paradigm shift. I could totally do without the world going to tulip at the moment.
                While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

                Comment


                  #9
                  Originally posted by SimonMac View Post
                  Hmmm, current debt against GDP is about 75%, where the hell does 900% come from!

                  Or is the 900% include lost of other types of debt, if so does the 913% also include this type of debt?

                  Its almost like someone is trying to scare us!
                  Originally posted by Doggy Styles View Post
                  This.

                  And even if you include personal debts it is only another 75% or so.

                  It sounds like a load of old bollocks to me, can anyone enlighten us what this article is on about?
                  I refer you to my earlier post in the thread.
                  "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

                  Comment


                    #10
                    Originally posted by DaveB View Post
                    I refer you to my earlier post in the thread.


                    Fair point. I did read your earlier post, but I didn't think it would be as transparent as that.

                    Comment

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