Comfortable amd secure? Well Wake up to the what's happening NOW!

[erebus]

Part 1..........Introduction to reality

 

 

State spending is going up… our national debt is going up… and our interest payments are going up. Britain is now one of the most heavily indebted countries in the Western world. That’s official. The only countries that have more debt than us are Japan and Ireland. Our total debts stand at more than FIVE TIMES what our entire economy is worth. When you add in all of Britain’s “unfunded obligations” – promises the Government has made on things like public sector pensions – our debts swell to 900% of our economy. In 2012, for example, the government spent roughly £120 billion more than it collects in taxes. Compare the above facts with the Great Depression America’s total debt hit 252% of GDP. The Weimar Republic’s total debt equalled 913% of its economy and hyperinflation took off, and it was cheaper to decorate your home with bank notes than wallpaper. Today, Britain’s total debt equals 900% of the economy.

 

When you’re in a lot of debt, interest rates are either your lifeline… or your death sentence. When rates move higher… eventually, you’re finished. In Greece 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.

 

Even a small jump in interest rates would wipe billions of capital off banks’ balance sheets. It’s impossible to say exactly which high street banks – if any – could withstand that kind of hit.

 

What would most people do if banks fold and they are unable to withdraw their savings. What to do if the stock exchange suspends trading. People will be clueless if their pension income dries up. And if their home loses 50% of its value.

 

If the NHS is sold off and benefits are scrapped, the confusion will turn into rage. Media coverage will be…………work it out!

 

Despite David Cameron’s talk of “austerity”, he’s going to add an estimated £700 billion to the national debt in just five years. That’s more than Tony Blair and Gordon Brown added to the national debt in eleven years. It’s more than every British government of the past 100 years put together.

 

WHEN???? Will it be when interest rates creep up 1%... 2%? It might be a long, slow drawn-out process that drains your wealth over the next decade. Or this time next year, the financial system could be breaking apart. It’s impossible to say. Britain is entering a long, downward cycle. One that is likely to be punctuated by a devastating financial, and even social collapse.

[tinfoilhat]

You had me until "nhs being sold". To do it would be political suicide - cameron has catagoically said he wont sell it. Benefits need looking at - 30 years ago there was 5 types, now there are loads.

 

In other news http://www.bbc.co.uk/news/business-24799507

[strongsteve]

Part 1..........Introduction to reality

 

 

State spending is going up… our national debt is going up… and our interest payments are going up. Britain is now one of the most heavily indebted countries in the Western world. That’s official. The only countries that have more debt than us are Japan and Ireland. Our total debts stand at more than FIVE TIMES what our entire economy is worth. When you add in all of Britain’s “unfunded obligations” – promises the Government has made on things like public sector pensions – our debts swell to 900% of our economy. In 2012, for example, the government spent roughly £120 billion more than it collects in taxes. Compare the above facts with the Great Depression America’s total debt hit 252% of GDP. The Weimar Republic’s total debt equalled 913% of its economy and hyperinflation took off, and it was cheaper to decorate your home with bank notes than wallpaper. Today, Britain’s total debt equals 900% of the economy.

 

When you’re in a lot of debt, interest rates are either your lifeline… or your death sentence. When rates move higher… eventually, you’re finished. In Greece 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.

 

Even a small jump in interest rates would wipe billions of capital off banks’ balance sheets. It’s impossible to say exactly which high street banks – if any – could withstand that kind of hit.

 

What would most people do if banks fold and they are unable to withdraw their savings. What to do if the stock exchange suspends trading. People will be clueless if their pension income dries up. And if their home loses 50% of its value.

 

If the NHS is sold off and benefits are scrapped, the confusion will turn into rage. Media coverage will be…………work it out!

 

Despite David Cameron’s talk of “austerity”, he’s going to add an estimated £700 billion to the national debt in just five years. That’s more than Tony Blair and Gordon Brown added to the national debt in eleven years. It’s more than every British government of the past 100 years put together.

 

WHEN???? Will it be when interest rates creep up 1%... 2%? It might be a long, slow drawn-out process that drains your wealth over the next decade. Or this time next year, the financial system could be breaking apart. It’s impossible to say. Britain is entering a long, downward cycle. One that is likely to be punctuated by a devastating financial, and even social collapse.

 

 

 

 

I was going to hold a party for "head in the sand" types.

 

Your invitation has been withdrawn.

[erebus]

The NHS is being sold off, but slowly, the profitable bit first to private corporations, but the leadened boots is the PFI payments to private investors. It is PFI interest payments that is finishing off the NHS, in a slow financial strangulation.

 

It seems you did not, or were not able to differentiate between your interpretation of what you THINK I actually wrote........."nhs being sold". and what I actually wrote "If the NHS is sold" The term IF is significant, as it indicates all sold off as opposed to profitable bits to date.

 

Cameron is instructed as all British governments are by the City of London, the State within a state, like the Vatican is in Italy. Those that hold the purse strings, call the tunes!

[SpikeMac]

I was going to hold a party for "head in the sand" types.

.

 

That will be a rubbish party.

 

How will any of them see their invitations?

 

You haven't thought this through, have you?

[tinfoilhat]

The NHS is being sold off, but slowly, the profitable bit first to private corporations, but the leadened boots is the PFI payments to private investors. It is PFI interest payments that is finishing off the NHS, in a slow financial strangulation.

 

It seems you did not, or were not able to differentiate between your interpretation of what you THINK I actually wrote........."nhs being sold". and what I actually wrote "If the NHS is sold" The term IF is significant, as it indicates all sold off as opposed to profitable bits to date.

 

Cameron is instructed as all British governments are by the City of London, the State within a state, like the Vatican is in Italy. Those that hold the purse strings, call the tunes!

 

I'm not sure how Cameron is selling off any more chunks of the Nhs that has already been sold off under labour. If Cameron is instructed to sell the Nhs do you think that would get voted through parliment? Can't see many Tories in marginal seats voting for dismantling of the Nhs.

[Jmack]

I was going to hold a party for "head in the sand" types.

 

Your invitation has been withdrawn.

 

I'm guessing you clicked on the money week ad at the bottom of the page :hihi:

[erebus]

. If Cameron is instructed to sell the Nhs do you think that would get voted through parliment? Can't see many Tories in marginal seats voting for dismantling of the Nhs.

 

With an organisation like the NHS, it cannot be compared to the other sell off in size, as it dwarfs them all.

 

When you have a child that values a stuffed toy and you want to remove it without tears, then slowly undoing the stitching is always the best way. This allows the stuffing to be reduced, thus deflating the toy. A thread snapped here and there in time will result in the arms and legs falling off, until the child itself accepts its time to bury a much loved but irremediable toy.

 

Treating adults to a slow / gradual degradation will allow a Government in a time of a deep or irrevocable financial crisis to do things like selling off the NHS through desperation.

 

But you miss the point of the posting, which is the UK is finished financially, and its just a matter of time before YOU and everyone is forced to pay. But why try and understand something when one can nit pick, and thus not address the post in full????

 

---------- Post added 04-11-2013 at 17:35 ----------

 

David Cameron’s talk of “austerity”, is PR Bol***ks as he’s going to add an estimated £700 billion to the national debt in just five years. That’s more than Tony Blair and Gordon Brown added to the national debt in eleven years. It’s more than every British government of the past 100 years put together.

 

State spending is going up… our national debt is going up… and our interest payments are going up. Britain is now one of the most heavily indebted countries in the Western world. That’s official. The only countries that have more debt than us are Japan and Ireland. Our total debts stand at more than FIVE TIMES what our entire economy is worth. When you add in all of Britain’s “unfunded obligations” – promises the Government has made on things like public sector pensions – our debts swell to 900% of our economy. In 2012, for example, the government spent roughly £120 billion more than it collects in taxes. Compare the above facts with the Great Depression America’s total debt hit 252% of GDP. The Weimar Republic’s total debt equalled 913% of its economy and hyperinflation took off, and it was cheaper to decorate your home with bank notes than wallpaper. Today, Britain’s total debt equals 900% of the economy.

[perplexed]

I'm not sure how Cameron is selling off any more chunks of the Nhs that has already been sold off under labour. If Cameron is instructed to sell the Nhs do you think that would get voted through parliment? Can't see many Tories in marginal seats voting for dismantling of the Nhs.

 

It is being done, albeit very slowly...

[SevenRivers]

Part 1..........Introduction to reality

 

 

State spending is going up… our national debt is going up… and our interest payments are going up.

 

State spending is on a downward trend.

 

National debt will always go up until we have a budget surplus.

 

Interest is going up, but nowhere near like other countries that are not taking the effort to cut their bloated public spending. As the economy grows, interest will come back down again as the deficit narrows and investor confidence in UK Plc grows.

 

We need to get back to budget surplus though, which means slashing our public sector. So far it's barely taken a scratch.