Britain is the next Greece: 1 in 5 has to borrow money to buy food

D

DollarBondsCL

If you take this

Cash-strapped Britain: One in five has to borrow money to buy food
www.dailymail.co.uk/news/article-21...row-just-stay-alive-use-credit-groceries.html

And combine it with this

85% of Greece's debt will be owned by European taxpayers
http://blogs.telegraph.co.uk/financ...ces-debt-will-be-owned-by-european-taxpayers/

And this

Spain's unemployment rate hits 22.9%
http://www.independent.co.uk/news/world/europe/spains-unemployment-rate-hits-229-7469750.html

And top it off with this

Euroland will pay for this monetary madness
www.telegraph.co.uk/news/worldnews/...oland-will-pay-for-this-monetary-madness.html



What do you get?

You get a make believe system that functions solely based on ECB and FED money print and pump. This can work.....for some time....when this whole thing blows up. I wouldn't want to be around. :/

Probability indicates I will be around though :(
 
Quote from DollarBondsCL:

If you take this

Cash-strapped Britain: One in five has to borrow money to buy food
www.dailymail.co.uk/news/article-21...row-just-stay-alive-use-credit-groceries.html

And combine it with this

85% of Greece's debt will be owned by European taxpayers
http://blogs.telegraph.co.uk/financ...ces-debt-will-be-owned-by-european-taxpayers/

And this

Spain's unemployment rate hits 22.9%
http://www.independent.co.uk/news/world/europe/spains-unemployment-rate-hits-229-7469750.html

And top it off with this

Euroland will pay for this monetary madness
www.telegraph.co.uk/news/worldnews/...oland-will-pay-for-this-monetary-madness.html



What do you get?

You get a make believe system that functions solely based on ECB and FED money print and pump. This can work.....for some time....when this whole thing blows up. I wouldn't want to be around. :/

Probability indicates I will be around though :(
More...
 
Probability indicates I will be around though

should we start a collection to fund a ticket for you to a safe haven?
 
Quote from zdreg:

Probability indicates I will be around though

should we start a collection to fund a ticket for you to a safe haven?
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And where would that be?
 
Quote from just21:

Uk government aim to make the first �10k tax free by 2015. That should help.
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I really don't think there is a way out of owing 500 percent of GDP and the rest.
 
Quote from achilles28:

Who isn't the next Greece?
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Russia, South America, China, Australia, Canada to name but a few.
 
Quote from morganist:

I really don't think there is a way out of owing 500 percent of GDP and the rest.
More...

GDP is a trillion, government debt by 2015 will be 1.5trillion. Add on PFI and pension liability. How do you get 5 trillion?
 
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