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TOPIC: Total World Debt

Total World Debt 16 Jul 2012 15:53 #1

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Worlddebt


This is actually an optimistic scenario, as, for example, they assess the UK's debt to be:

Ukdebt


About 85% of GDP, but this doesn't take into account 'off the balance sheet' liabilities, which take the total up to...

Ukdebt2


...nearly 500% of GDP. The $45 trillion figure also only accounts for government debt, and does not include personal debt such as mortgages, credit cards, etc. So in the United States, for example, personal debt is almost identical in scale to government debt:

Usnationaldebt


Uspersonaldebt


What is happening in Spain right now?

www.independent.ie/world-news/europe/mad...on-cuts-3166392.html
SPAIN has announced a €65 billion austerity package that includes tax rises and spending cuts a day after it won approval from its euro partners for a huge bailout of the country's stricken banks.

The deal was greeted with protests and some unrest on the streets.

The measures are in exchange for the bank bailout of up to €100 billion granted to Spain by the other 16 countries that use the euro.

What's happening in Italy today?

www.smh.com.au/business/world-business/i...-20120716-224qx.html
Italy's new finance minister said the government could raise up to 20 billion euros a year in public asset sales, and accused the markets of failing to recognise Rome's efforts to bring its finances in order.

Vittorio Grilli, who was appointed just last week, also lashed out at rating agencies, in comments to the Corriere della Sera published Sunday in the wake of the decision by Moody's to downgrade Italian debt.

"The government wants to secure, through a multi-year programme, the sale of public assets for between 15 and 20 billion euros a year, or one per cent of gross domestic product," he said.

What's happening in Greece today?

www.digitaljournal.com/article/328703
The Greek government is set to announce a further €11.5 billion in cuts this week, in order to placate the Troika of creditors due in Athens on July 24.

The government is rushing to put together a further package of cuts worth €11.5 billion, to present for the approval of Greece's creditors.
This is just an outright corporate-fascist takeover, although no-one should be surprised, as it's been happening all over the globe for decades, at least.
The true measure of a man is not his intelligence or how high he rises in this freak establishment. The true measure of a man is this: how quickly he can respond to the needs of others and how much of himself he can give - Philip K. Dick.
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Re: Total World Debt 16 Jul 2012 16:47 #2

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Thats just fecking insane!!
How the hell are Greece going to find another 11.5 billion in cuts?
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Re: Total World Debt 16 Jul 2012 16:54 #3

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andyh wrote:
How the hell are Greece going to find another 11.5 billion in cuts?
Cuts are expected to be made in pensions, social benefits and the public sector. Some of the ideas the coalition have tabled include an extension in mandatory military service from nine to 12 months, to reduce the cost of professional soldiers, and a move towards the church paying half the salaries of the clergy, currently borne in full by the state.

Since the June 17 election Antonis Samaras has already broken his election promise that the emergency property tax, first introduced hastily in 2011 and applied to electricity bills, would no longer be tagged onto electric bills. New bills are now being prepared, although there are plans to seize assets from those unable to pay the tax, rather than turn off their electrictiy supply. Greece's creditors insisted the government continue to apply the tax.
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Re: Total World Debt 16 Jul 2012 17:07 #4

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The state currently pay for men of the cloth? :conf: Bit cheeky...
Set the controls for the heart of the earth.
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Re: Total World Debt 16 Jul 2012 17:09 #5

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A break down of who it is owed to would be nice too.
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Re: Total World Debt 16 Jul 2012 17:13 #6

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This is totally nuts. If everyone owes $$$ to everyone else, just wipe out all debt and start again. this money madness is beyond any sense at all ! ? ! :loco: :dunno: :shlap: :rant: :hedbut:
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Re: Total World Debt 16 Jul 2012 17:19 #7

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wake_up_bomb wrote:
although there are plans to seize assets from those unable to pay the tax, rather than turn off their elec­tric­tiy sup­ply. Greece’s cred­i­tors insisted the gov­ern­ment con­tinue to apply the tax.

Kin hell :mad:
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Re: Total World Debt 16 Jul 2012 17:28 #8

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andyh wrote:
wake_up_bomb wrote:
although there are plans to seize assets from those unable to pay the tax, rather than turn off their elec­tric­tiy sup­ply. Greece’s cred­i­tors insisted the gov­ern­ment con­tinue to apply the tax.

Kin hell :mad:

yeah, but nobody knows what to do... will we be next? ( as in, the rest of the so-called developed countries...)

This is why i turn off . :scotty:
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Re: Total World Debt 16 Jul 2012 17:32 #9

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We're looking at going "off grid" electricity wise for that very reason. I'd rather deal with bailiffs than 2 kids with no electric :D
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Re: Total World Debt 16 Jul 2012 17:33 #10

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curtaincat wrote:
andyh wrote:
wake_up_bomb wrote:
although there are plans to seize assets from those unable to pay the tax, rather than turn off their elec­tric­tiy sup­ply. Greece’s cred­i­tors insisted the gov­ern­ment con­tinue to apply the tax.

Kin hell :mad:

yeah, but nobody knows what to do... will we be next? ( as in, the rest of the so-called developed countries...)

This is why i turn off . :scotty:

I have a theory (and it is just that at the moment unfortunately I've been pretty accurate with the predictions lol) that the destruction we are seeing will lead to 100% digital money as the solution.
They can call 100% digital the euro and the pound or whatever but what you basically have is 1 currency.
They will push for no oversight. 'they' being the central bankers.
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Re: Total World Debt 16 Jul 2012 17:42 #11

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andyh wrote:
curtaincat wrote:
andyh wrote:
wake_up_bomb wrote:
although there are plans to seize assets from those unable to pay the tax, rather than turn off their elec­tric­tiy sup­ply. Greece’s cred­i­tors insisted the gov­ern­ment con­tinue to apply the tax.

Kin hell :mad:

yeah, but nobody knows what to do... will we be next? ( as in, the rest of the so-called developed countries...)

This is why i turn off . :scotty:

I have a theory (and it is just that at the moment unfortunately I've been pretty accurate with the predictions lol) that the destruction we are seeing will lead to 100% digital money as the solution.
They can call 100% digital the euro and the pound or whatever but what you basically have is 1 currency.
They will push for no oversight. 'they' being the central bankers.

well, they are heading for one world digital currency... that is obviously the plan... there is no way out of it. ( the chip 666 crap will be next) ... have to resist that , of course.

I am just hoping that it is the darkness before the dawn. Otherwise, we are stuffed. So... I would rather party to deaths door than keep the suffering going.

Positive must win over the evil baddies. Or else... ????
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Re: Total World Debt 16 Jul 2012 17:46 #12

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oioioi wrote:
A break down of who it is owed to would be nice too.
You can see a bit of this here:

www.bbc.co.uk/news/business-15748696

But the key piece of information here is the source:

Bisp


Ultimately, everything is filtered into the Bank for International Settlements. That is virtually all economic activity, anywhere in the world. There may be a tiny number of countries that have managed to escape this system; if they can't be taken over by covert economic and / or intelligence agency operations, then they will end up with napalm, cluster bombs, depleted uranium, atomic bombs, etc, dropped on their heads.

If you go the shop now and buy a chocolate bar, there will be 20% VAT on it. That 20% VAT goes to the Exchequer. The Exchequer manages the finances for the UK. The Chancellor of the Exchequer, even though he has no maths or economics qualifications, will know that Britain is flat broke, and that...

Ukdebt3


All this money is owed to overseas private banks, who borrow their money from central banks, who are in themselves private corporations and are privately owned, and they filter it all into the Bank of International Settlements, which is the 'Central Bank of Central Banks'. You can read about this on their own website:

www.bis.org/about/index.htm

Bis2


The BIS is privately owned, according to the New York Fed:

www.newyorkfed.org/aboutthefed/fedpoint/fed22.html
Currently, 86 percent of the shares of the BIS are registered in the names of central banks, and 14 percent are held by private shareholders.

Ultimately all economic activity is filtered into this bank, by hook or by crook. Which is exactly as intended:

www.voxfux.com/features/bank_international_settlements.html
Carrol Quigley - the bankers' plan

"The Power of financial capitalism had [a] far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.

This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.

The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves private corporations.

Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world."

Carrol Quigley, Tragedy and Hope, 1966
Yet you have the BBC quoting figures from it saying who owes what to whom. Ultimately, the intention is for everyone to owe everything to them.
The true measure of a man is not his intelligence or how high he rises in this freak establishment. The true measure of a man is this: how quickly he can respond to the needs of others and how much of himself he can give - Philip K. Dick.
Last Edit: 16 Jul 2012 17:50 by wake_up_bomb.
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Re: Total World Debt 16 Jul 2012 17:46 #13

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I actually see the EU picking up and doing really well economically after the 100% digital switch, thats probably how they'll sell it, along with charge free banking for using digital (charging for cash machine usage etc)
It won't be implanted chips for quite a while, just progressive plastic/NFC on mobiles etc.
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Re: Total World Debt 16 Jul 2012 17:52 #14

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andyh wrote:
I actually see the EU picking up and doing really well economically after the 100% digital switch, thats probably how they'll sell it, along with charge free banking for using digital (charging for cash machine usage etc)
It won't be implanted chips for quite a while, just progressive plastic/NFC on mobiles etc.

I wonder how long it will be b4 u guys have the Carbon tax we got in aussie. we are a testing ground :aargh: :secret: :thdown:
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Re: Total World Debt 16 Jul 2012 17:53 #15

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curtaincat wrote:
I wonder how long it will be b4 u guys have the Carbon tax we got in aussie. we are a testing ground :aargh: :secret: :thdown:
I wrote about this a bit in my book, how is it administrated, is it deducted directly from people's salaries?
The true measure of a man is not his intelligence or how high he rises in this freak establishment. The true measure of a man is this: how quickly he can respond to the needs of others and how much of himself he can give - Philip K. Dick.
Last Edit: 16 Jul 2012 17:54 by wake_up_bomb.
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Re: Total World Debt 16 Jul 2012 18:05 #16

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wake_up_bomb wrote:
curtaincat wrote:
I wonder how long it will be b4 u guys have the Carbon tax we got in aussie. we are a testing ground :aargh: :secret: :thdown:
I wrote about this a bit in my book, how is it administrated, is it deducted directly from people's salaries?

It is so new that nobody has a f'ing clue! There is a guv site. hmm, i will try and find it, they ad it on tv. How they help people who need help to manage their new tax. some crap like that. One thing i do know is that if you earn $80,000 p.a or under, they will give you a tax cut. well, most average people earn way under that figure. Lucky to get $40k a year...

I will try to find the site.. brb. lol

householdassistance.fahcsia.gov.au/

here it is, see if you can make sense of it, i can't.
Last Edit: 16 Jul 2012 18:08 by curtaincat. Reason: editing ok, eat my shorts
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Re: Total World Debt 16 Jul 2012 18:24 #17

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curtaincat wrote:
It is so new that nobody has a f'ing clue! There is a guv site. hmm, i will try and find it, they ad it on tv. How they help people who need help to manage their new tax. some crap like that. One thing i do know is that if you earn $80,000 p.a or under, they will give you a tax cut. well, most average people earn way under that figure. Lucky to get $40k a year...

I will try to find the site.. brb. lol

householdassistance.fahcsia.gov.au/

here it is, see if you can make sense of it, i can't.
Right, I see how they're doing it now. What they will do is slowly decrease the number of people who receive a rebate and / or how much that rebate is, while steadily increasing the amount of 'Carbon Tax' that has to be paid. It's all pie-in-the-sky anyway because they make all the taxation rates up as they go along, and what does it directly pay for? How can they be held to account if they spend it negligently or irresponsibly? If they stop giving you a 'tax break', what recourse do you have?
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Re: Total World Debt 16 Jul 2012 18:38 #18

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wake_up_bomb wrote:
curtaincat wrote:
It is so new that nobody has a f'ing clue! There is a guv site. hmm, i will try and find it, they ad it on tv. How they help people who need help to manage their new tax. some crap like that. One thing i do know is that if you earn $80,000 p.a or under, they will give you a tax cut. well, most average people earn way under that figure. Lucky to get $40k a year...

I will try to find the site.. brb. lol

householdassistance.fahcsia.gov.au/

here it is, see if you can make sense of it, i can't.
Right, I see how they're doing it now. What they will do is slowly decrease the number of people who receive a rebate and / or how much that rebate is, while steadily increasing the amount of 'Carbon Tax' that has to be paid. It's all pie-in-the-sky anyway because they make all the taxation rates up as they go along, and what does it directly pay for? How can they be held to account if they spend it negligently or irresponsibly? If they stop giving you a 'tax break', what recourse do you have?

All of the peoples taxes are spent on pollies holidays, and they call it "research" , it just happens to co-incide when the cricket is on in england, or the tennis , whatever...

anyways , catchya later, beddybyes for me, another late night but worth it chatting with you. i did learn a lot today, lol ( southpark talk) up:

i am outta here xxx
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Re: Total World Debt 16 Jul 2012 19:03 #19

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curtaincat wrote:
andyh wrote:
I actually see the EU picking up and doing really well economically after the 100% digital switch, thats probably how they'll sell it, along with charge free banking for using digital (charging for cash machine usage etc)
It won't be implanted chips for quite a while, just progressive plastic/NFC on mobiles etc.

I wonder how long it will be b4 u guys have the Carbon tax we got in aussie. we are a testing ground :aargh: :secret: :thdown:

Already got it on coal and heating oil but not on petrol/diesel...yet afaik.
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Re: Total World Debt 16 Jul 2012 21:46 #20

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curtaincat wrote:
andyh wrote:
I actually see the EU picking up and doing really well economically after the 100% digital switch, thats probably how they'll sell it, along with charge free banking for using digital (charging for cash machine usage etc)
It won't be implanted chips for quite a while, just progressive plastic/NFC on mobiles etc.

I wonder how long it will be b4 u guys have the Carbon tax we got in aussie. we are a testing ground :aargh: :secret: :thdown:

Max Igan was saying that OZ will be the motivator for the EU to fully adopt the Carbon Tax as it will make the trading scheme more viable.

It's hitting hard here, EVERYTHING has gone up and the price rise in electricity isn't 10% as they claim it's more like 25%. :mad:

You know what this Fn' Government has done, they have brought in a law that say's if anyone who mentions that their business has increased the charges and it's due to the carbon tax they will be fined up to $1.5 M .
:hedbut:
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