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Giant Squid Says The World Is Drowning In Debt!

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Is this :

1) Preparation for rate rise (price falls), price falls will wipe out some BTLers (gobble BTL deposits) sell same properties again to enable more players to join at the bottom end of the pyramid.

2) Plea for more QE?

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Is this :

1) Preparation for rate rise (price falls), price falls will wipe out some BTLers (gobble BTL deposits) sell same properties again to enable more players to join at the bottom end of the pyramid.

2) Plea for more QE?

PLEA FOR MORE.

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I thought Ally Greenspan and the economist said there was a massive saving glut, which lowered the rate of return?

What you say? Its all gone? Never was there??

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Giant Squid pats itself on the back for putting the world underwater with debt and says it still wants paying and everyone else is going to have to sort out the problem.

Media cronies spread the message.

Edited by billybong

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Mr Wilson said there was hope for countries with high debt burdens. "The demographic shift means that we need to look to more creative policy, including immigration and workforce expansion in order to find ways to pay down debt.

Pay down debt does that mean we need more to join the bottom rung of the pyramid (immigrants if not locals)

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In the UK we hide our true debt levels. Wonder if other countries are doing the same?

The Golden Sacks numbers are probably quite an underestimation. Scary stuff.

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How can the world spend and grow without the creation of debt to facilitate prosperity..... When the balance of debt outweighs the repayment of debt due to demand and the ability to pay....they will have to start giving it away.

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Guest UK Debt Slave

In the UK we hide our true debt levels. Wonder if other countries are doing the same?

The Golden Sacks numbers are probably quite an underestimation. Scary stuff.

If the UK economy was properly audited to assess ACCURATELY the ACTUAL value of our economy, ignoring things like house and share prices (which are a pure fantasy), I have no doubt the nation would collapse.

I've witnessed something on a smaller scale in the renewables sector where a company I was working for had been hyped by the clamour to invest in fuel cell technology. The share price when first issued was pennies and climbed to £3 a share within 7-8 years. Some people cashed in their chips at the right time (including the dolly bird receptionist) and became millionaires. Classic ponzi scam stuff really.

Today, the share price is less than 10p!

I think will find out really how wealthy we are as a nation and as individuals when we are caught swimming in a low tide without any swimming trunks

It's going to happen........eventually

Edited by UK Debt Slave

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I thought Ally Greenspan and the economist said there was a massive saving glut, which lowered the rate of return?

What you say? Its all gone? Never was there??

Thats what debt is - someones savings.

The oldies will consume it as they wither & die. Thats what its for.

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How can the world spend and grow without the creation of debt to facilitate prosperity..... When the balance of debt outweighs the repayment of debt due to demand and the ability to pay....they will have to start giving it away.

eh? China and germany will just have to stop accumulating savings and consume their production (and a bit more). Its very simple.

Edited by R K

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In the UK we hide our true debt levels. Wonder if other countries are doing the same?

The Golden Sacks numbers are probably quite an underestimation. Scary stuff.

Apparently hiding debt is what Greece did with the help of the GS to gain entry to the eurozone in 2001. Apparently the GS claimed at the time in justification that everyone was doing it.

Indeed the GS numbers are probably a massive underestimation.

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Guest UK Debt Slave

Apparently hiding debt is what Greece did with the help of the GS to gain entry to the eurozone in 2001. Apparently the GS claimed at the time in justification that everyone was doing it.

Indeed the GS numbers are probably a massive underestimation.

Hugely so

False accounting on a truly epic scale

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Thats what debt is - someones savings.

The oldies will consume it as they wither & die. Thats what its for.

In the (g)olden days, savings was a stash, maybe of silver, gold, or just a sack of grains for a rainy day. There is a fundamental difference to the case where your savings are just a claim against someone else ("debt"), and it is not even clear what the claim exactly is. Some day, this might cause a hickup. Usually, it ends in a hyperinflation.

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eh? China and germany will just have to stop accumulating savings and consume their production (and a bit more). Its very simple.

Unfortunately, if the Chinese economy goes pop it is likely they will be consuming their production by putting their economy on a war footing. In fact they have already started tentatively down that road.

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Can be also summarised as: "Vampire Squid warns that the world is running out of poor old people, and they need many more poor young people to feed the ponzi scheme or it may collapse".

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