Making sense of the madness

[digitalalba]

http://www.debtbombshell.com/

We (the public in the UK) are in debt to the International Banking System (IBS), to the tune of

One trillion, one hundred and fifty six thousand, sterling.

1000 X £1,000 = 1 million

1000 X 1 million = 1 billion

1000 X 1 billion = 1 trillion

The public of the UK owes £1,156,000,000 to the IBS.

Did we authorise this? Answer, yes, at the ballot box.

How is that possible? Answer, because if the politicians cared a smidgen about us, they wouldn't let the IBS get away with it. The issuing of money in society would've been controlled.

Will we continue letting this happen? Answer, YES!

Even the 'cuts' aren't helping to make the debt go down, it constantly rises, has done for over THREE HUNDRED YEARS http://www.debtbombshell.com/history-of-national-debt.htm

Under the first link, "Every household will pay £1,918 this year, just to cover the interest".

[whoareyaaa]

All this is just an illusion.

The Government borrow money from the people that control the money in turn they have to pay interest rates back to these people which the general public end up paying for, it just a continuous cycle.

I think the US owe China 30 Trillion so 1 Trillion isn't to bad.

[BoneDog]

How long until the plug is pulled on paper money?

FIAT stands for Fix it again Tony.

[digitalalba]

Anyone who thinks theres something funny about this should read this http://www.telegraph.co.uk/finance/financialcrisis/9954980/Elderly-Cyprus-expats-told-to-open-UK-bank-accounts-if-they-want-to-receive-their-pensions.html

"Under the terms of the Cyprus bail-out, any savers with more than £85,000 deposited in either of the island’s two main banks – Laiki and the Bank of Cyprus – will lose between 40 and 100 per cent of their money."

Talk about pigs in the trough, these banksters have lost any tiny ounce of any credibility they may have every had, this is broad day-light robbery, they don't seem to be too bothered that we, A, find out and B, are ouraged such is the filthy greed of these 'people'.

When will they feed off us?

[MooseBreath]

They "IBS" eh? How did "they" get away with it? First steps to answering that question involve pointing out that no such organisation exists. Most of the debt is held in pension funds which are held by people like me and you. Our government also holds debt of other countries which balances it out a bit. But yes we do need to reduce the deficit, hence why the tories are having to make cuts to all the existing money drains (set up under labo......

[Webbo]

The govt spend over £200billion a year on the welfare state, borrowed money is paying for a huge chunk of that. That's hardly ripping off the poor.

[ADK]

Watch a bunch of idiot Tory voters come in and try to blame the countries mismanagement on the poor and the vulnerable.

[Webbo]

Watch a bunch of idiot Tory voters come in and try to blame the countries mismanagement on the poor and the vulnerable.

The govt borrows money it can't afford and gives it to the poor and that's somehow the bankers fault?

[Rincewind]

This is a part of my weeks work. An article for DNO. Before anyone says what has it to do with the homeless, DNO is a news agency which will take any current news.

UK Asset Resolution a state owned company responsible for winding down banss’ mortgages business’ increased its repayments to the treasury by £1.2bn to £2.8bn last year. The company was formed in October 2010 to manage the books of Bradford & Bingley and Northern Rock after the former building societies failed during the financial crisis. Out of £43bn owed £4bn has been paid back to the taxpayer.

Meanwhile in other news, nearly half of mothers-to-be say they are having to return to work earlier than planned to in order to make ends meet. About 45% told researchers that they are cutting their statutory maternity leave because of money worries and a cut in income. Justine Roberts, CEO of Mumset, said: ‘There are all kinds of financial pressures on parents whether it’s a dip in salary , whilst on maternity leave or the rising cost of childcare. It’s great to budget if you can but hold fire on buying a multitude of baby products in advance.’

[Captain...]

http://www.debtbombshell.com/

We (the public in the UK) are in debt to the International Banking System (IBS), to the tune of

One trillion, one hundred and fifty six thousand, sterling.

1000 X £1,000 = 1 million

1000 X 1 million = 1 billion

1000 X 1 billion = 1 trillion

The public of the UK owes £1,156,000,000 to the IBS.

Did we authorise this? Answer, yes, at the ballot box.

How is that possible? Answer, because if the politicians cared a smidgen about us, they wouldn't let the IBS get away with it. The issuing of money in society would've been controlled.

Will we continue letting this happen? Answer, YES!

Even the 'cuts' aren't helping to make the debt go down, it constantly rises, has done for over THREE HUNDRED YEARS http://www.debtbombshell.com/history-of-national-debt.htm

Under the first link, "Every household will pay £1,918 this year, just to cover the interest".

Every time I see you post I think your username is digital labia and I always get distracted when you post because I'm thinking of Lara Croft and her pixellated flaps.

I'm sure you make salient points, but I can just never concentrate enough to read them.

[digitalalba]

Side-stepping the abuse from captain pancake face, for my own reference, and to see how much 'debt' continually increases daily,

March 27 2013 - 1.38pm £1,156, 809, 704,177. At original post im sure it was something like £1,156,100,000,000, so it went up approximately 700 million in the past 20 hours, can't be surely?

How can those the debt is owed to, cope with such a thing?

What would happen to society if the debt was called in? Thus what kind of power do they have over society?

[Captain...]

Side-stepping the abuse from captain pancake face, for my own reference, and to see how much 'debt' continually increases daily,

March 27 2013 - 1.38pm £1,156, 809, 704,177. At original post im sure it was something like £1,156,100,000,000, so it went up approximately 700 million in the past 20 hours, can't be surely?

How can those the debt is owed to, cope with such a thing?

What would happen to society if the debt was called in? Thus what kind of power do they have over society?

No abuse intended just an observation.

[flowwolf]

http://www.debtbombshell.com/

We (the public in the UK) are in debt to the International Banking System (IBS), to the tune of

One trillion, one hundred and fifty six thousand, sterling.

1000 X £1,000 = 1 million

1000 X 1 million = 1 billion

1000 X 1 billion = 1 trillion

The public of the UK owes £1,156,000,000 to the IBS.

Did we authorise this? Answer, yes, at the ballot box.

How is that possible? Answer, because if the politicians cared a smidgen about us, they wouldn't let the IBS get away with it. The issuing of money in society would've been controlled.

Will we continue letting this happen? Answer, YES!

Even the 'cuts' aren't helping to make the debt go down, it constantly rises, has done for over THREE HUNDRED YEARS http://www.debtbombs...tional-debt.htm

Under the first link, "Every household will pay £1,918 this year, just to cover the interest".

Befor replying to this munchkins post have a look at his E.D.L background

[Rincewind]

http://www.mydownnotout.org.uk/homeless-not-worthless-a-seven-day-quest-for-justice-answers/

[Webbo]

http://www.mydownnot...ustice-answers/

What's the relevance?

[MooseBreath]

What's the relevance?

He clearly supports the cuts to homeless services as a way of reducing the debt. I agree with him.

[Rincewind]

Nice to see you actually follow and read the links.

[digitalalba]

This bloke seems to be on the ball, puts it simply

[Deucalion]

Watch a bunch of idiot Tory voters come in and try to blame the countries mismanagement on the poor and the vulnerable.

Scapegoats are so much more effective when they aren't in a position to defend themselves.

Divide and rule.

[flowwolf]

Watch a bunch of idiot Tory voters come in and try to blame the countries mismanagement on the poor and the vulnerable.

Well Labours mismanagement was poor and has left us all vunerable. Serves all the idiot socialst who lived in a make believe world right.

[digitalalba]

March 27 2013 - 1.38pm £1,156, 809, 704,177. At original post im sure it was something like £1,156,100,000,000, so it went up approximately 700 million in the past 20 hours, can't be surely?

In 7 days the debt around our necks has increased by 14 billion 149 million 103 grand to 180,950,807,977. Am i reading that right? 2 billion a day?

What would happen if the banksters decided to collect the full debt, a Cyprus perhaps?, Greece? nope, total meltdown.

[DANGEROUS TIGER]

The govt spend over £200billion a year on the welfare state, borrowed money is paying for a huge chunk of that. That's hardly ripping off the poor.

Well said.

[DANGEROUS TIGER]

Well Labours mismanagement was poor and has left us all vunerable. Serves all the idiot socialst who lived in a make believe world right.

This.

[digitalalba]

In the past 9 months, one football season, the debt around our necks has increased by 87 Billion.

 

Just to put into context how much that is. £1,000 X £1,000 = £1,000,000 (£1M). £1,000 X £1,000,000 = £1,000,000,000 (£1B).

The total debt is £1,000,000,000 X £1,000 plus £267,000 - 1,267,857,000,000 TRILLION.

 

As tax payers, we have to go to work or pay vat to pay off the debt to the banking industry, but we're not even paying off what 'we' barrowed via previous governments, we can't even pay off what we borrow today, and this is at an all time low interest rate of zero or very close to zero percent.

 

As stated here http://info.moneyweek.com/urgent-bulletins/the-end-of-britain/ 15 months ago, imagine if the rate of interest to pay back was the 'normal' 5%?

 

"The fact is, when you’re in a lot of debt, interest rates are either your lifeline… or your death sentence. So long as rates stay low, you can just about keep things on track. You can service your debts… keep borrowing… and keep the wolves from your door.

When rates move higher… you get squeezed… and eventually, you’re finished. All of a sudden, you have to find more and more money to cover the interest on your debt. 

They say a picture tells a thousand words. So we’ll save a few words and show you this:

Source: Bloomberg

This is an extreme example of what happens when interest rates take off. As you can see, in 2009, the Greek government could borrow money at just 1%. Then in the wake of the financial crisis, the Greek economy hit the rocks, fell into recession and the markets realised what a complete mess the country was in.

Interest rates shot up vertically.  And Greece imploded. Not just financially, but socially and politically too...

As you’ve seen on the news, there have been riots, suicide, overnight poverty, snap elections and crushing general strikes. People couldn’t get their money out of banks fast enough, businesses collapsed. In that environment, just keeping your family safe is a big challenge. That’s the danger of rocketing interest rates to a country with huge debts.

As Douglas Carswell, MP, said recently: “Greece might be the first Western country to discover that you cannot keep running up debts to pay for a lifestyle you did not earn. She will not be the last. The laws of mathematics are universal.â€

In Britain, interest rates on government borrowing now stand at record lows. If we’re not at rock bottom, then we’re incredibly close.

That means the most important trend of the next twenty years is almost certainly rising interest rates.

Debt has been getting cheaper for thirty years. Now it’s about to start getting much more expensive.

We’re now facing an unprecedented crisis.  As interest rates rise, our record debts will become impossible to bear."

 

 

So what are we going to do about it?

[Strokes]

In the past 9 months, one football season, the debt around our necks has increased by 87 Billion.

Just to put into context how much that is. £1,000 X £1,000 = £1,000,000 (£1M). £1,000 X £1,000,000 = £1,000,000,000 (£1B).

The total debt is £1,000,000,000 X £1,000 plus £267,000 - 1,267,857,000,000 TRILLION.

As tax payers, we have to go to work or pay vat to pay off the debt to the banking industry, but we're not even paying off what 'we' barrowed via previous governments, we can't even pay off what we borrow today, and this is at an all time low interest rate of zero or very close to zero percent.

As stated here http://info.moneyweek.com/urgent-bulletins/the-end-of-britain/ 15 months ago, imagine if the rate of interest to pay back was the 'normal' 5%?

"The fact is, when you’re in a lot of debt, interest rates are either your lifeline… or your death sentence. So long as rates stay low, you can just about keep things on track. You can service your debts… keep borrowing… and keep the wolves from your door.

When rates move higher… you get squeezed… and eventually, you’re finished. All of a sudden, you have to find more and more money to cover the interest on your debt.

They say a picture tells a thousand words. So we’ll save a few words and show you this:

Source: Bloomberg

This is an extreme example of what happens when interest rates take off. As you can see, in 2009, the Greek government could borrow money at just 1%. Then in the wake of the financial crisis, the Greek economy hit the rocks, fell into recession and the markets realised what a complete mess the country was in.

Interest rates shot up vertically. And Greece imploded. Not just financially, but socially and politically too...

As you’ve seen on the news, there have been riots, suicide, overnight poverty, snap elections and crushing general strikes. People couldn’t get their money out of banks fast enough, businesses collapsed. In that environment, just keeping your family safe is a big challenge. That’s the danger of rocketing interest rates to a country with huge debts.

As Douglas Carswell, MP, said recently: “Greece might be the first Western country to discover that you cannot keep running up debts to pay for a lifestyle you did not earn. She will not be the last. The laws of mathematics are universal.â€

In Britain, interest rates on government borrowing now stand at record lows. If we’re not at rock bottom, then we’re incredibly close.

That means the most important trend of the next twenty years is almost certainly rising interest rates.

Debt has been getting cheaper for thirty years. Now it’s about to start getting much more expensive.

We’re now facing an unprecedented crisis. As interest rates rise, our record debts will become impossible to bear."

So what are we going to do about it?

You lift the carpet, i'll fetch the brush.