Financial Armageddon to begin in London

[Serpo]

Financial Armageddon to begin in London (http://rebootcongress.blogspot.com/2011/12/financial-armageddon-to-begin-in-london.html)


http://getfile6.posterous.com/getfile/files.posterous.com/rebootcongress/blABbeyhklmArcnjGoHFsCoptwHuofgsloxwrmtrhAtpBtBwwt ucDimmHvko/media_httpwwwzerohedg_nJprp.jpg.scaled500.jpg (http://getfile2.posterous.com/getfile/files.posterous.com/rebootcongress/blABbeyhklmArcnjGoHFsCoptwHuofgsloxwrmtrhAtpBtBwwt ucDimmHvko/media_httpwwwzerohedg_nJprp.jpg.scaled1000.jpg)

ZeroHedge: Psssst France: Here Is Why You May Want To Cool It With The Britain Bashing - The UK's 950% Debt To GDP (http://www.zerohedge.com/news/psssst-france-here-why-you-may-want-cool-it-britain-bashing-uks-950-debt-gdp):

While certainly humorous, entertaining and very, very childish, the recent war of words between France and Britain has the potential to become the worst thing to ever happen to Europe. Actually, make that the world and modern civilization. Why? Because while we sympathize with England, and are stunned by the immature petulant response from France and its head banker Christian Noyer to the threat of an imminent S&P downgrade of its overblown AAA rating (http://www.guardian.co.uk/world/2011/dec/17/french-credit-ratings-eurozone-crisis?CMP=twt_gu), the truth is that France is actually 100% correct in telling the world to shift its attention from France and to Britain. So why is this bad. Because as the chart below shows, if there is anything the global financial system needs, is for the rating agencies, bond vigilantes, and lastly, general public itself, to realize that the UK's consolidated debt (non-financial, financial, government and household) to GDP is... just under 1000%. That's right: the UK debt, when one adds to its more tenable sovereign debt tranche all the other debt carried on UK books (and thus making the transfer of private debt to the public balance sheet impossible), is nearly ten times greater than the country's GDP.http://rebootcongress.blogspot.com/

[lapis]

This reminds me, I stumbled across some interesting website pages of an astrologer, of all things, but she's basically on our wavelength.

She predicts that something big is on the horizon after the 2012 Olympics in London.

THE BRITISH BANKERS PULLED THEIR MONEY OUT OF THE EMPIRE FOR ONE REASON. A HUGE PARTY! (http://www.masterjules.net/olympus.htm)

I think I'll start a new thread for it.

[JohnQPublic]

I saw that graph on ZH. Their financial debt as a % of GDP is quite shocking.

[Horn]

1928


The best pirates.

[palani]

If you don't have debt then you classify as poor.

Without debt you cannot control those who prefer to feel rich.

[Glass]

I think as long as the green bit is bigger than the other colours then it's "all good". "All good" is an Aussie euphemism for the shit aint hit the fan yet and if it does I don't give a something because I'm another colour.