Debt

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DragonPhilljack

DragonPhilljack

Well-Known Member
Feb 25, 2011
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EUROPEAN DEBT SCALE 2012


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Don't worry about Spain, just take a look at the UK, and if you think that the raiding of private accounts in Cyprus will not happen here, then think again, the Banking crisis has only just gone through it's first tremor, the real financial earth quake is yet to come, and those with large deposits have much to fear, you have been warned!
 
I agree that that has a particular Delmar mikras for France, with Italy owing over 300 Billion to France, but Italy also owes 120 Billion to Germany, and 54 Billion to the UK, though Spain also owes 112 Billion to France, and 131 Billion to Germany, and 74 Billion to the UK!....................<ok>



BUT and it's a big but! Britain owes as follows:

To the USA 578 Billion

To Germany 379 Billion

To Spain 306 Billion

to France 209 Billion

What a bleak picture, 2011 stats by the way!.....................<ok>



LINK WHO OWES WHAT: http://www.bbc.co.uk/news/business-15748696


DEBT CLOCK: http://www.eudebtclock.org/
 
DragonPhilljack said:
I agree that that has a particular Delmar mikras for France, with Italy owing over 300 Billion to France, but Italy also owes 120 Billion to Germany, and 54 Billion to the UK, though Spain also owes 112 Billion to France, and 131 Billion to Germany, and 74 Billion to the UK!....................<ok>



BUT and it's a big but! Britain owes as follows:

To the USA 578 Billion

To Germany 379 Billion

To Spain 306 Billion

to France 209 Billion

What a bleak picture!.....................<ok>
Click to expand...

I guess I owe you a pint some time in the future...
 
Thing is the money owed is will never be repaid as everyone owes everyone. And who actually owes the debts? Is it the governments or the industries of these countries? Ultimately we know that the only people who will suffer are the ones closest to the poverty line or over it, the reason is quite simple, there are more of them than the wealthy so collectively a cut there will have the largest impact. That is why the conservatives are targeting them.
 
How does Britain owe Spain 306 Billion, if Spain owe Britain 74 billion? Wouldn't that just mean Britain owe Spain a net 232 billion?
 
Jager said:
Thing is the money owed is will never be repaid as everyone owes everyone. And who actually owes the debts? Is it the governments or the industries of these countries? Ultimately we know that the only people who will suffer are the ones closest to the poverty line or over it, the reason is quite simple, there are more of them than the wealthy so collectively a cut there will have the largest impact. That is why the conservatives are targeting them.
Click to expand...




The poor in Cyprus didn't get targeted, it was the rich, and in the 1920's it was the rich, and it will be the same again, you can only take so much from the poorest in society as civil unrest becomes a cost in itself not only in monetary terms, but also in human suffering and the poor don't have the funds but the rich do, so it's abvious as it was in cyprus where these goverments will steal the money from, and that's from the people who have the money, the poor have nothing to lose!....................<ok>
 
Phil its happening here, you take £200 a year from several million people and the amount the government is more than taking a larger sum from the more well off. I can never see the government doing what they have done in Cyprus because quite simply we can trade ourself out of this, Cyprus being a small Mediterranean island that is cut in half will never be able to do what a g7 country can do
 
Jager said:
Phil its happening here, you take £200 a year from several million people and the amount the government is more than taking a larger sum from the more well off. I can never see the government doing what they have done in Cyprus because quite simply we can trade ourself out of this, Cyprus being a small Mediterranean island that is cut in half will never be able to do what a g7 country can do
Click to expand...





You think it can never happen here! You really need to look back at what previous governments did in the 70's, and the problem then was small compared to today, you make a big mistake putting faith in your assumption, and the shock will be greater for people like you!...................<ok>



PS: By the way Jager, This is why austerity is a dangerous idea: it doesn&#8217;t work in the world that we actually inhabit. In the imaginary world of austerity, cuts always happen to someone else. Sadly, as Europe is proving all too well, in the world that we actually inhabit there is no &#8220;someone else&#8221; to pass the costs on to as we all try to shrink to grow.
 
Phil there will be no shock to me, my money is secure and it can never be taken. Most of it is not even in the EU and is not actually in cash. Yes I earn a living here and pay my taxes and own property here. Both my job and money I have here are stable not substantial enough to be taken.
 
Not a single mention of what was 2nd in the Derby yesterday either, fair play running against horses and doing so well :rolleyes:
 
Britain is about to be flattened by a tidal wave of debt. It doesn&#8217;t matter if you vote Conservative, Liberal, Labour, UKIP &#8211; or for no party at all. The facts are the facts. Let&#8217;s take a look at some numbers&#8230;Two and a half years ago, when the Coalition government formed, we were already in a huge amount of debt. In fact, the previous government had left the country sinking under £700 billion&#8217;s worth. The Coalition has spent the last two years desperately and very publically trying to get our finances in order. We&#8217;ve had an &#8220;austerity&#8221; budget. We&#8217;ve had tax hikes. We&#8217;ve had &#8220;the cuts&#8221;. But for all that, our national debt is still growing at an incredible rate. Despite David Cameron&#8217;s talk of &#8220;austerity&#8221;, he&#8217;s going to add an estimated £700 billion to the national debt in just five years. That&#8217;s more than Tony Blair and Gordon Brown added to the national debt in eleven years. It&#8217;s more than every British government of the past 100 years put together.

The fact is, when you look at our finances as a whole, the Coalition isn&#8217;t cutting anything. State spending is going up&#8230; our national debt is going up&#8230; and our interest payments are going up. By the next general election in 2015, our national debt is estimated to stand at almost £1.4 trillion. Twenty-five Prime Ministers &#8211; from both political parties &#8211; have come and gone without ever having come close to solving it. The outcome of this problem is inevitable&#8230; and the recession, joblessness and instability you see right now is only the first stage of it. Many people think the slump we&#8217;re in now is as bad as it will get. But the truth is, it&#8217;s only the start. In fact, you will certainly see the consequences of this deep-rooted problem unfold across the cities, towns and villages of Britain. No one will escape the fallout. And all it will take for all this to unfold, is for interest rates to go to 5% and that will be inevitable in the end, it's the only reason the Bank of england is so diligent in keeping interest rates low, but in the end up they will go.

In all recorded history, no country has ever recovered from the financial position we find ourselves in today. No government has ever been able to reverse this trend. No emergency action has ever come close to a solution.

This inescapable problem has only ever had one outcome: financial collapse..................................<ok>
 
Not being a fan of horse racing,your post didn't make any sense Dill,until I checked the result. I wish I'd been aware of my namesake,I would have backed it.
 
DragonPhilljack said:
The poor in Cyprus didn't get targeted, it was the rich, and in the 1920's it was the rich, and it will be the same again, you can only take so much from the poorest in society as civil unrest becomes a cost in itself not only in monetary terms, but also in human suffering and the poor don't have the funds but the rich do, so it's abvious as it was in cyprus where these goverments will steal the money from, and that's from the people who have the money, the poor have nothing to lose!....................<ok>
Click to expand...

But not the REALLY rich Phil, you know who I mean <laugh>
 
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