£890 billion (£0.89 trillion) Official public sector debt quoted in the Budget by the Government
At the end of 2009-10 the real national debt stood at £7.9 trillion, over £300,000 for every single household in Britain
During the last decade debt has more than tripled, soaring from 230 per cent of GDP (£2.3 trillion) up to 560 per cent of GDP (£7.9 trillion)
Official national debt (quoted by the Chancellor in his budget) hugely underestimates taxpayer liabilities
Relative to GDP this is by far the biggest national debt we have ever had since records began
Our measure of the real national debt is gross debt (total debt) valued at market prices (the market value of the debt). It includes the following items (2009-10):
**************************************** *****
7.9 trillion. It beggars belief what the banksters and their minions have done to the country. It continues apace. CO2 is harmless to the climate as the last 10-15 years of no global warming despite escalating CO2 emissions has demonstrated yet the boondoggle rush continues apace.
Lord Oxburgh's favourite scam, carbon capture and storage got a boost from Huhne:
The Government's decision to extend its "clean coal" research programme to include gas plants and raise the outlay to £9 billion will add to bills and increase the cost of building new plant, companies warned on Monday. Here
Lord Oxburgh who works for the Deutsche Banksters is hon. pres. of the Carbon Capture and Storage Association and chairman of the wind energy company Falck Renewables as well as having interests in carbon credits.
**************************************** *****
Banksters and fiat
The banksters with their one hand on the tiller and the other stashing public money, worried for their skins* as the pound and the euro head for oblivion, are looking for a way they can maintain their presence and authority in Europe and the UK. I believe there is room at Pentonville.
The pound and the euro will crash because they are fiat currencies and they can only hit the bottom in the long run. The end of the long run looks to fast approaching. Fiat currencies were given to us by central banksters. Thick (or more likely thick as thieves with the banksters) governments have accepted the wisdom of fiat currency that increasingly transfers wealth to the banks such that the bulk of any nation's wealth ends up in the control of a few and the people of the nation end up receiving not what they earn but what the banksters allow them to have.
The debt being such that it can never be repaid, it is tantamount to enslavement. A globalist bankster's ideal. Cameron appears to be a globalist as does Osborne. The EC is certainly under the globalist thumb as are the various regulatory banks, BoE, CEB, WB, IMF, and world gov't piggy banks such as GEF etc.
An anonymous donor (Foundation X) came forward and offered the government billions, here
(Update: My colleague Martin Beckford informs me that the leading suspects are the Office of International Treasury Control. And as Auntycensorship points out, the original speech was picked up by Charlie Stross as well as by Hopi)
and here -
For the past 20 weeks I have been engaged in a very strange dialogue with the two noble Lords, in the course of which I have been trying to bring to their attention the willing availability of a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country. For want of a better name, I shall call it Foundation X. That is not its real name, but it will do for the moment. Foundation X was introduced to me 20 weeks ago last week by an eminent City firm, which is FSA controlled. Its chairman came to me and said, "We have this extraordinary request to assist in a major financial reconstruction. It is megabucks, but we need your help to assist us in understanding whether this business is legitimate". I had the biggest put down of my life from my noble friend Lord Strathclyde when I told him this story. He said, "Why you? You're not important enough to have the answer to a question like that". He is quite right, I am not important enough, but the answer to the next question was, "You haven't got the experience for it". Yes I do. I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money.
Robert Zoellick, president of the Rothschild cartel's World Bank wants to discuss a return to the gold standard that could rescue the currencies from certain doom. Here and here
* People Power! Ireland Protests Banking Cartel
http://www.youtube.com/v/aPnoAY1wXfI?fs=1
£7,900 billion (£7.9 trillion) Real national debt, according to TaxPayers' Alliance calculations
Click here to read the full report
At the end of 2009-10 the real national debt stood at £7.9 trillion, over £300,000 for every single household in Britain
During the last decade debt has more than tripled, soaring from 230 per cent of GDP (£2.3 trillion) up to 560 per cent of GDP (£7.9 trillion)
Official national debt (quoted by the Chancellor in his budget) hugely underestimates taxpayer liabilities
Relative to GDP this is by far the biggest national debt we have ever had since records began
Our measure of the real national debt is gross debt (total debt) valued at market prices (the market value of the debt). It includes the following items (2009-10):
- The official public sector debt quoted in the budget – £890 billion (£0.89 trillion)
- Unfunded public sector pensions – estimated at £1,283 billion (£1.28 trillion)
- Unfunded state pensions – estimated at £2,717 billion (£2.7 trillion)
- RBS/Lloyds debt – £2,585 billion (£2.6 trillion)
- Other – including the Local Government Pension deficit, PFI, and nuclear decommissioning – £398 billion (£0.4 trillion)
****************************************
7.9 trillion. It beggars belief what the banksters and their minions have done to the country. It continues apace. CO2 is harmless to the climate as the last 10-15 years of no global warming despite escalating CO2 emissions has demonstrated yet the boondoggle rush continues apace.
Lord Oxburgh's favourite scam, carbon capture and storage got a boost from Huhne:
The Government's decision to extend its "clean coal" research programme to include gas plants and raise the outlay to £9 billion will add to bills and increase the cost of building new plant, companies warned on Monday. Here
Lord Oxburgh who works for the Deutsche Banksters is hon. pres. of the Carbon Capture and Storage Association and chairman of the wind energy company Falck Renewables as well as having interests in carbon credits.
****************************************
Banksters and fiat
The banksters with their one hand on the tiller and the other stashing public money, worried for their skins* as the pound and the euro head for oblivion, are looking for a way they can maintain their presence and authority in Europe and the UK. I believe there is room at Pentonville.
The pound and the euro will crash because they are fiat currencies and they can only hit the bottom in the long run. The end of the long run looks to fast approaching. Fiat currencies were given to us by central banksters. Thick (or more likely thick as thieves with the banksters) governments have accepted the wisdom of fiat currency that increasingly transfers wealth to the banks such that the bulk of any nation's wealth ends up in the control of a few and the people of the nation end up receiving not what they earn but what the banksters allow them to have.
The debt being such that it can never be repaid, it is tantamount to enslavement. A globalist bankster's ideal. Cameron appears to be a globalist as does Osborne. The EC is certainly under the globalist thumb as are the various regulatory banks, BoE, CEB, WB, IMF, and world gov't piggy banks such as GEF etc.
An anonymous donor (Foundation X) came forward and offered the government billions, here
(Update: My colleague Martin Beckford informs me that the leading suspects are the Office of International Treasury Control. And as Auntycensorship points out, the original speech was picked up by Charlie Stross as well as by Hopi)
and here -
For the past 20 weeks I have been engaged in a very strange dialogue with the two noble Lords, in the course of which I have been trying to bring to their attention the willing availability of a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country. For want of a better name, I shall call it Foundation X. That is not its real name, but it will do for the moment. Foundation X was introduced to me 20 weeks ago last week by an eminent City firm, which is FSA controlled. Its chairman came to me and said, "We have this extraordinary request to assist in a major financial reconstruction. It is megabucks, but we need your help to assist us in understanding whether this business is legitimate". I had the biggest put down of my life from my noble friend Lord Strathclyde when I told him this story. He said, "Why you? You're not important enough to have the answer to a question like that". He is quite right, I am not important enough, but the answer to the next question was, "You haven't got the experience for it". Yes I do. I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money.
Robert Zoellick, president of the Rothschild cartel's World Bank wants to discuss a return to the gold standard that could rescue the currencies from certain doom. Here and here
* People Power! Ireland Protests Banking Cartel
http://www.youtube.com/v/aPnoAY1wXfI?fs=1