Friday, December 9, 2011

Short informative video on bad UK debt situation

Which country's debt is 1000% of GDP?

I was unaware of the scale of the bad UK debt as indicated by this report - can someone put it into perspective or are things really this bad?

Posted by watchman @ 03:45 PM (2798 views)
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14 thoughts on “Short informative video on bad UK debt situation

  • general congreve says:

    The reason:

    Banking debt 4x UK GDP (5 or 6 Trillion pounds!)

    Of course, this doesn’t have to be part of the countries total debt load, as we could just let the banks fail. But it seems this debt will eventually become sovereign debt, God knows what that will do for our drecit rating and interest rates, but then again, got knows what would happen to our credit rating and interest rates if we let the banks fail?! CRIKEY!!!

    Here’s the chart they show in the video, well worth watching by the way, only 1.5 minutes.

    Image and video hosting by TinyPic

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  • general congreve says:

    Best placed to Weather the Storm indeed. One-eyed Ticking Clown!

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  • Come on guys have you watched this? It’s noddy nonsense.

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  • Keiser’s a shoddy self promotionalist. He’s not changing anything. Move on.

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  • general congreve says:

    @4 – I don’t think anyone is suggesting Keiser is going to change anything, he is merely calling it as he sees it, self-promoter (he has got a career think about after all) or not.

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  • @5

    What career?

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  • general congreve says:

    @6 – Of course, you’re right, he doesn’t need to worry about income from future TV contracts, cos he’s already made his money as a trader. And future proofed said money to boot.

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  • Keiser’s a shoddy self promotionalist. He’s not changing anything. Move on.

    I like Keiser very much – he’s funny. Of course, you need a sense of humor..

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  • I think he is just what we need to balance things up a bit. The British government needs someone like him to give a reality check.

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  • general congreve says:

    @0 – To be fair, RT is just as biased as our media. You can see RT newsreaders replete with schadenfreude every time they report bad news from the West!

    That said, Keiser’s show is very informative and he pulls no punches, and you get the other side of the story from RT. Plus, I haven’t witnessed anything on a par with that deliberately misleading propaganda using the wrong footage about Russia from Fox and CNN shown in the clip from RT yet.

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  • ‘Alternative’ podcast tv (even if it from RT), as a collection of alternative news sources, is changing the world – the only question is. to what extent?
    I wonder how man people have changed their investment patterns based on a show like Max ‘s –
    and spread the word to their mates.
    Max has guests on his show from alternative blogs and alternative tv shows – and then you can follow that blog or show.
    It is very viral in its nature. And, in that sense, Max should not be merely perceived in isolation from that viral framework.

    That Fox clip, it can’t be real. Next thing you know, US tv stations will be dictating who has won a presidential election!

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  • Hard to tell the difference between some of these new ‘news’ channels (modelled on Fox of course) and Comedy Central.

    Anyone who compares this tosh with the BBC has really lost it.

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  • The BBC is hardly any better trumpetting the views of the British establishment while almost entireley ignoring alternative narratives!

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  • Concerning the graph: am I right to interpret financial and non-financial to be private company debt?

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