Compared to the size of our economy, Britain is now one of the most heavily indebted countries in the Western world. That’s official. Our total debts stand at more than FIVE TIMES what our entire economy is worth.
Proportionally, that’s more debt than Italy… Portugal… Spain… and almost twice as much debt as Greece. Those are four countries already in the throes of financial crisis. We’re the odd one out because we haven’t collapsed – yet. But things can’t stay that way for long.
In fact, our debts tower above almost every other nation’s – here are the figures that prove it.
Please Sir, Can I Have Some More?
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.
Our political leaders still like to see Britain as a world power. But let’s not delude ourselves. It’s clear to see: we’re totally broke.
If the UK had been a business or an individual, we’d have been declared bankrupt by now. We’d have been forced to sell our business premises or our home and would have been housed in a run-down flat long ago. We are broke. We have been for a long time. But very soon, it will really hit home.
In recorded economic history, every single country with debts as big as ours – every single one – has suffered a devastating economic collapse. There are NO exceptions.
Read the full article here;
http://info.moneyweek.com/urgent-bullet ... tAodsBEAXQ
That's the great mystery!
