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Guess Which Developed Country Has Debt Of Nearly 1000% Of GDP...
Business Insider ^ | 12/03/2011 | Joe Weisenthal

Posted on 12/04/2011 6:47:41 AM PST by SeekAndFind

It's the UK, per this excellent chart from Morgan Stanley.

debt

Image: Morgan Stanley

A few notes here:


(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Society
KEYWORDS: debt; europeanunion; unitedkingdom

1 posted on 12/04/2011 6:47:43 AM PST by SeekAndFind
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To: SeekAndFind

But their government debt is a smaller percentage of their GDP than our government debt is of our GDP.

I think that’s the bigger issue.


2 posted on 12/04/2011 6:51:50 AM PST by samtheman
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To: SeekAndFind

Europe is a country?


3 posted on 12/04/2011 6:55:49 AM PST by ClearCase_guy (Roll the stone away, Let the guilty pay, It's Independence Day)
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To: SeekAndFind; shaggy eel
Equally interesting: Least corrupt place?
4 posted on 12/04/2011 7:04:41 AM PST by Daffynition ( *Socialism, has a record of failure so blatant that only an intellectual could ignore it*)
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To: Cincinna; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks SeekAndFind.

IOW, it’s possible for gov’ts to survive after hitting 100%. What a relief. :’)


5 posted on 12/04/2011 7:27:45 AM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: SeekAndFind
Compare those banking debts to banking assets. I think this is just a side effect of the Brits being heavy into banking and the way that debt is counted in this study.

It would be interesting to see if the Swiss have the same "problem".

6 posted on 12/04/2011 7:59:28 AM PST by KarlInOhio (Herman Cain: possibly the escapee most dangerous to the Democrats since Frederick Douglass.)
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To: KarlInOhio

Assume a lot of the baking assets are in real estate (disaster) and government bonds (looming disaster). It is a scary chart - way too much debt floating around. Seems like a bubble that when popped takes down the entire global economy.


7 posted on 12/04/2011 8:36:06 AM PST by MrShoop
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To: ClearCase_guy

This was discussed on Zero Hedge:

Can Europe Control Its Spending And Save The Euro (or Gyro)? Don’t Look To China As A Role Model For Economic Growth Either

http://confoundedinterest.wordpress.com

And

France Sovereign Debt Downgraded – Debt to GDP Breaks 90%! (But US at 96% Debt to GDP)

http://confoundedinterest.wordpress.com/2011/12/02/france-sovereign-debt-downgraded-debt-to-gdp-breaks-90-but-us-at-96-debt-to-gdp/

EEKS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


8 posted on 12/04/2011 8:54:31 AM PST by whitedog57
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To: SeekAndFind

Another awesome sign of how the UK is leading the West into the collapse of the abyss of destruction!

Time to nuke it from orbit. It’s the only way to be sure.


9 posted on 12/04/2011 9:08:39 AM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine

I believe the US needs to rethink our alliance with the UK, for more reasons than this, but we need to be more practical about the real things that are beneficial beyond sentiment and the past triumphs we’ve shared. A lot of the problems, trend wise (pregnancy pacts among them) have been seeping into the US from the UK and I think we can do better on the world stage.


10 posted on 12/05/2011 12:46:34 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru

Remember the Cash For Clunkers program a couple of years back?

Did you know the UK had their own version called the Vehicle Scrappage scheme?
It started in May of 2009.
http://www.bis.gov.uk/policies/business-sectors/automotive/vehicle-scrappage-scheme

The Cash For Clunkers (aka Car Allowance Rebate System) was started in July 2009.
http://en.wikipedia.org/wiki/Car_Allowance_Rebate_System

It doesn’t take very long for the Feds to follow UK government trends. It took about six months from the time the British government made it a no-no to call Muzzie terrorist a terrorist to the time the US government adopted the same policy.

I even found that the use of hyphenated surnames goes back in Britain to about 1850. Social trends take a little longer to make it here to the US but it is happening.

Remember when Obama blamed ATM machines for his fail economic schemes? Guess where those were invented? That’s right! The UK!

Time to nuke the island from orbit. It’s the only way to be sure.


11 posted on 12/05/2011 1:06:19 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine

I used to admire the UK and thought we had a great ally, but I am beginning to wonder if whether or not we should be so close to a country that looks down on us, even after all this time. When we caught and captured Bin Laden, there were a lot of nasty comments about the US and our military and the fact that we effectively destroyed an admired symbol among terrorists (admired for his ability to avoid the US for so long) and all that hostility about other things, it began to make me wonder about them. They look down on our puritanism, but they have drunks careening through the streets and it makes me wonder about whether or not we should let them really infect our culture.


12 posted on 12/05/2011 1:13:24 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru

At one time the UK was a thriving, positive force in the world, but at some point it became more of curse than a blessing.

The more I read the more I find how the UK is leading the West into the abyss of destruction.

How long it will take before they get their collective heads out of their collective rectal region I don’t know, but in the mean time it would be wise for the US separate itself from the Brits instead of following them blindly into the gutter.


13 posted on 12/05/2011 1:37:01 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Daffynition
,,, here's the real measure -

http://www.workpermit.com/news/2012-01-06/newzealand/record-number-of-new-zealanders-emigrating-to-australia.htm

14 posted on 02/01/2012 3:31:31 AM PST by shaggy eel
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To: Jack Hydrazine
At one time the UK was a thriving, positive force in the world, but at some point it became more of curse than a blessing.

The UK invented socialism and have been in decline ever since. The creation of the NHS "free" healthcare insured the gutting of their military, industry, and their end. Democracy, or mob rule, is the root cause of their historic decline. The kingdom model worked better, at least until the royal class inbred to the point of Prince Charles.

15 posted on 02/01/2012 3:51:05 AM PST by Reeses
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To: Daffynition
,,, here's another one...

http://www.sharechat.co.nz/article/d0791b93/nz-had-record-net-loss-of-migrants-to-australia-in-2011.html

16 posted on 02/02/2012 3:50:02 PM PST by shaggy eel
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To: SeekAndFind

Essential to having any idea whatsoever of just how precarious is once great Britain’s situation - courtesy of its much vaunted “The City,” is a modicum of understanding of the machination that makes the UK’s coming total collapse as unavoidable as is tomorrow’s sunrise:

Re-hypothecation.

Re-hypothecation occurs when banks or broker-dealers, to back the broker’s own trades and borrowings, re-use the collateral, such as hedge funds, posted by clients.

In the UK, there is no limit on the amount of a client’s assets that can be rehypothecated. In America, by way of comparison, re-hypothecation is capped at 140% of a client’s debit balance.

The recent loss of Jon Corzine’s MF Global’s One Point Two Billion Dollars of fraudulently converted clients’ money happened because the “collateral” that backed it on its transfer into The City’s Black Hole had been so many times re-hypothecated as to have completely disappeared.

The Corzine disaster is but a glimpse of what’s to come and what’s to come will totally destroy what little is left of the British culture and way of life. Of the British nation.

That is, the ten times GDP debt will all come due at once.

Any day now.


17 posted on 02/18/2012 10:48:29 AM PST by Brian Allen (Buraq Hussayn bin Buraq Hussayn bin Hussayn Oogooboogo Ubambi: To America as was Pol Pot to Cambodia)
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To: ClearCase_guy

.... Europe is a country ...?

Some of the Europeon Neo-Soviet’s “commissioners” would have us so believe.


18 posted on 09/13/2013 1:33:21 PM PDT by Brian Allen (Buraq Hussayn bin Buraq Hussayn bin Hussayn Oogooboogo Ubambi: To America as was Pol Pot to Cambodia)
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