Funny Money.

      Some interesting figures on the debt situation across Europe and USA. It is impossible to give an accurate figure for any of these countries as the debt rises every second. In the case of the UK, its debt rises by approximately £5,170 per second, and the US by $54,486 per second. Top of the pile is the US with a debt mountain of $19,159,510,996,817, of course that is already an out of date figure as we speak. The UK is now in the trillion dollar debt league, with a staggering £1,441,621,181,818, pile of debt bleeding its citizens, again, an out of date figure due to it rising every second. 

Debt and interest by country:

Country.      Debt.                   Interest per year.     Per second.

Italy.    €2,281,485,254,811     €106,549,306,816     €3,379

Greece. €372,379,166,104      €27,101,544,783        €859

Spain. €863,519,211,914        €41,485,995,580        €1,316

France. €2,110,778,333,757   €57,774,866,678        €1,832

UK.    £1,441,621,181,818      £45,148,202,514        £1,432

USA. $19,159,510,996,817    $518,163,271,991       $16,431

        From this handful of countries the financial Mafia is raking in €22,181 of tax payers money every second, 24/7, on interest payments alone. World wide we have managed to pile up more than $53 trillion in debt. Bearing in mind that practically every country in the world has a mountain of debt, who do we owe this mountain of money to, is there that amount of money on the planet, In the entire world, there are only 5 countries free from debt, British Virgin Islands, Palau, Liechtenstein, Brunei, and Macao, they seem to get by without debt.

     Obviously countries don't move boxes of Dollars, Euros or Pounds around the world, it doesn't exist, the financial Mafia merely tap numbers on a keyboard, and hey presto, your country has money in its account. An insane system of smoke and mirrors, a financial house of cards, a gambling casino based on phoney money, and it is about to “all fall down”.

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All Fall Down.

     Listening to the Cameron millionaire cabal spouting about growth in the economy, and how we in the Uk are ahead in the European recovery, makes you wonder how well their medication for delusion is working. The latest “growth” is now thought to be cash being spent by those who have received compensation from the banks after being miss-sold some of the banks' favourite gambling scams. So as long as the banks keep getting fined and people keep getting compensation, people will keep spending, well those few on the receiving end of the banks con-fund. Hardly the signs of a powerhouse economy in growth. In countries claiming “recovery”, it has been a no-wage increase economy, so a no-growth recovery for the ordinary people.

      However it is not just the UK that is kidding itself on about “growth”, it is a Western malaise, the delusion of the perpetual growth maniacs. It just isn't there. The world economy is in decline, the world's financial institutions are in extreme stress condition. As America tries in vain to save itself, by limiting “quantitive easing” (printing monopoly money) it is adding to the chaos and worries of the rest of the world.

     What this means for you and I, is the threat of deprivation on a scale never witnessed before, as country after country tries to “balance the books” by slashing the social fabric, the living conditions, of the ordinary people. How do you balance the books when the world's total debt is in excess of $700 trillion, and the world's total GDP is only approximately $69 trillion? What this means is that if every penny of the world's wealth was put to paying off the debt, it still would not be clear in ten years time. To make matters worse, more than 90% of the world's money is not real money, it is funny money, phoney money, created monopoly money, it is illusional. Any wonder that the financial house of cards is about to collapse? We have to organise now for that inevitable collapse, we can create a better world free from the cancer of profit and growth.

This from A World To Win:

A contagion of capital flight is hitting Argentina, India, Indonesia, Russia, Brazil, South Africa, Hungary and Turkey. A dramatic reversal in the global marketplace, which began in May and is accelerating with every new shock statistic, is forcing the governments of “emerging” economies to savage the living standards for their already low-income populations.

Each country has a different story to tell: worse or better attempts at managing their economies; higher or lower levels of foreign currency reserves; more or less extremes of corruption of government ministers; levels of civil unrest ranging from the benign to insurrectionary. But the source of the crisis invading their borders lies elsewhere, beyond their control. 

- See more at: http://www.aworldtowin.net/blog/sick-global-economy-hit-by-new-contagion.html#sthash.v4CoE9xp.dpuf

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Bullshit Economics.

       Being a simple minded type of guy, I always get confused about national debt and GDP. However when it comes to world debt and world GDP, I get even more confused. According to those clever people who know what is going on, the world's GDP has been rising year on year and for the year 2011 it was standing at over $69 trillion. That's a lot of wealth to share between just 7 billion people, yet we have millions of people dying in total deprivation. Obviously we are not doing things right. As for the world's debt, well for the year 2012 it was sitting at approximately $51+ trillion. it is impossible to give an accurate figure as it is rising at approximately more $200,000 per second. That's an awful lot of debt and an unbelievable rate of increase. My confusion comes when I think of the world producing all that "stuff" at an ever increasing rate, and the world's debt rising at warp2, how come? How does the world owe all that debt and to who. Is there an office somewhere, just outside the world where we can make our monthly payments, and remember to get a receipt? 

       It is bullshit economics, it is insane, we the ordinary people of this world produce and distribute everything in this world to the extent of $69+ trillion and yet, millions of us ordinary people live in poverty and deprivation, and at the end of the day we owe somebody or group, a staggering $51+ trillion and rising. Don't you think that somewhere along the line, we the ordinary people are being ripped-off?

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