The debt time bomb that is Britain.
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An apocalyptic documentary regarding the sorry state of the British Economy and it's colossal debt mountain. Warning: Unpleasant content. If MoneyWeek are to be believed, Britain's love affair with borrowing has put us on a collision course with complete economic, social and political collapse. Osborne cannot save us now. Released by MoneyWeek. http://www.moneyweek.com/endofbritain £10 trillion in public funds - MoneyWeek calculations based on historical welfare spend UK Total Debt as a percentage of GDP - Debt and deleveraging: Uneven progress on the path to growth, McKinsey Global Institute, 2 January 2012 500,000 pensioners in 1909 -- BBC article: The state pension turns 100, 31 July 2008 Average life expectancy - World Bank data, 31 October 2012 An estimated £5 trillion government debt -- IEA article: True level of UK government debt exceeds £5 trillion, 12 November 2012 £120 billion net borrowing -- Office for National Statistics: Public Sector Finances August 2012, 21 September 2012 MP Douglas Carswell quote -- The End of Politics and The Birth of iDemocracy James Callaghan quote -- British Political Speech, Blackpool 1976, 28 September 1976 America, Japanese and Weimar Republic total debt -- Global Financial Data, Bridgewater's An In-Depth Look at Deleveragings report, February 2012 Salaries and pensions slashed up to 40% - The Guardian: Greece is ripe for radical change, 8 November 2012 Euro zone discussed capital controls -- Reuters, 12 June 2012I created this video with the YouTube Video Editor (http://www.youtube.com/editor)
Comments
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UK, US, EU, Japan, all are drowning in debt. With these major players in deep trouble - it follows logic that collapses of these will effect all other economies. And it wont be just a collapse of these monetary systems. It will mean a melt-down of the very fabric of civilization itself. So, I will call all of this exactly what it amounts to, it's THE END of THE WORLD - for all PRACTICAL CONSIDERATIONS.
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I hate old people. our whole economy is based on keepind old doddering senile people alive. this must be stopped now.
fuck public sector pensions. western civilization willbe destroyed by ecnomic liabilities which should be miscellaneous line items : pensions and health care. We deserve to be destroyed -
Phillip Hammond do spend billions more next year in 2017 as he stated in the autumn statment.
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I'm not an economist, I've studied very little global economics. That being said there's something obvious. There's simple questions people should ask... We can use logic and reason to arrive at probable conclusions. Some of these are questions of rhetoric. Rhetorical, (for the sake of argument or to make a point).
Why are big businesses always buying out smaller businesses? Is there a trend, is it perpetual? Is it getting worse or better for small businesses in competition with big businesses?
Can we expect the 'rich' to distribute their wealth? Why or why not? Who owns most of the wealth? Will them sharing help produce a more stable economy long term?
I'm an expert in a few things, not economics. Most people think they have the answers; economics is one area I get stumped. We need to learn to admit we're not all experts. We also need more OBJECTIVE economists.
This video is from 2013(?) - well... so far it's been pretty accurate! -
We are at the 'Roadrunner' Coyote hovering over precipice stage. Those of a certain age will remember that the cartoon character often ran out of road and hung in suspension for a few seconds before falling into the ravine. We are currently at that stage of suspension that could last years.
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An intresting game, the only way to win is not to play...
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The British debt to GDP isn't actually that bad (81.58%). There's many large countries with much more including the USA (106%), France (93.5%), Japan (245%!) and Germany isn't that far from the UK with 78.4%. So yeah..
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And yet you wont chase down the tax avoiding individuals and corporations who are depriving the country of 10's of £billions wich would give the treasury a surplus. Instead you put the blame squarely on the low paid
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then . who the hell have all the money . seem like every country are all in dept . some body have money. who ? .
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Shit is about to hit the fan in super slow
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This is idiotic. You don't compare the statistics directly. How can you consider pensions to be in part responsible when theyr annual cost is so frikkin low? You can point to things you don't like and say "Ooooh that's dear!" ut the fact is you're ignoring the fucking massive military spend that our country still uselessly maintains.
This is propaganda, not education. You're sick for portraying it as educational. -
WHAT A LOAD OF SHIT
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So the problem is the welfare state, not the monetary and banking system? Yeah! Believe this and you'll believe anything.
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47:31 so..its just a fuckin infomercial. Fail
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2:01 Act very quickly..3 years later olololololol
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And yet, here we are....plodding on.
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The debt bomb is more pronounced in the UK because the UK is a small country. They've already run out of people to tax. They have fewer options than the US. But the same thing will happen here in the US, it's just a matter of time. We may not have long to wait.
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The unsolvable problem at the heart of the financial system IS... the financial system. Make believe. We should be getting naked in the sun shine and enjoying our sacred time upon the Earth. Eating good food and treading with a light step. And doing what effort it takes to manage things and no more.
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All these countries are in debt....who do they owe all this money to?!
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ROGER HAYES has some Great Intell !
47m 33sLenght
1598Rating