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Global Debt Storm - Osborne


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Wow! Is that for real? It kinda reminds me of when the Yes Men infiltrated the BBC pretending to be representatives of Dow Chemical offering to reimburse the Indians affected by the Bhopal disaster. That knocked a fair amount off their share price hehe! You can see it here:

 

 

I believe he meant every word he said. The Tory media have already done a few hatchet jobs on him since.

 

Still, if you really want to know what is going on it's all there on the internet. It's covered on foreign TV channels. In our media we get to see a carefully sanitised and engineered version of the truth and only very occasionally the truth in all its glory.

 

A good site is Zerohedge.com. It's prone to getting a bit excitable and conspiratorial at times but every day you visit you will discover something new, well-founded and often truly astonishing about the global banking scam. Take a look.

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I believe he meant every word he said. The Tory media have already done a few hatchet jobs on him since.

 

Still, if you really want to know what is going on it's all there on the internet. It's covered on foreign TV channels. In our media we get to see a carefully sanitised and engineered version of the truth and only very occasionally the truth in all its glory.

 

A good site is Zerohedge.com. It's prone to getting a bit excitable and conspiratorial at times but every day you visit you will discover something new, well-founded and often truly astonishing about the global banking scam. Take a look.

 

Thanks for the link I1L2T3 :) , I get a lot of my daily news from collapsenet.com (I like their focus on environmental, social and financial news from all around the world) and they often provide links to zerohedge.com and businessinsider.com. As you say, some of these news stories need to be taken with a pinch of salt, but a little extra research easily separates the wheat from the chaff.

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No, the global debt is made up of a number of things:

1. personal debt

2. government debt

3. corporate debt

 

Underpinning the "debt storm" (I love that) is a globalised and largely unregulated banking sector that has leveraged just about all the assets in the world to a value of £500trillion, effectively laying claim to ownership of just about everything on the planet. It couldn't have happened without the banks. Sorry.

 

Edit: just to say laying claim to everything on the planet between 38 and 70 times, depending on whether you believe the Wall Street Journal or ultra-lefty banker bashers.

 

Where did I say it wasn’t?

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Where did I say it wasn’t?

 

You said it was caused by countries spending too much. If by countries you mean governments then you are only partly correct. I pointed out that individuals and corporations played their part as well. Which of course is something you didn't point out yourself or perhaps didn't even register as being part of the problem.

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You said it was caused by countries spending too much. If by countries you mean governments then you are only partly correct. I pointed out that individuals and corporations played their part as well. Which of course is something you didn't point out yourself or perhaps didn't even register as being part of the problem.

 

As all three are part of a country, saying countries encompassed them all.

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