If you take this Cash-strapped Britain: One in five has to borrow money to buy food www.dailymail.co.uk/news/article-21...row-just-stay-alive-use-credit-groceries.html And combine it with this 85% of Greece's debt will be owned by European taxpayers http://blogs.telegraph.co.uk/financ...ces-debt-will-be-owned-by-european-taxpayers/ And this Spain's unemployment rate hits 22.9% http://www.independent.co.uk/news/world/europe/spains-unemployment-rate-hits-229-7469750.html And top it off with this Euroland will pay for this monetary madness www.telegraph.co.uk/news/worldnews/...oland-will-pay-for-this-monetary-madness.html What do you get? You get a make believe system that functions solely based on ECB and FED money print and pump. This can work.....for some time....when this whole thing blows up. I wouldn't want to be around. :/ Probability indicates I will be around though
Probability indicates I will be around though should we start a collection to fund a ticket for you to a safe haven?
GDP is a trillion, government debt by 2015 will be 1.5trillion. Add on PFI and pension liability. How do you get 5 trillion?
There you go sweet cheeks. http://www.iea.org.uk/blog/true-level-of-uk-government-debt-exceeds-£5-trillion