DEBT, DEBT AND MORE DEBT - Your enslavement by numbers.

Here is a list of the top 20 countries in order of their debt to GDP ratios. I have also added a couple of columns showing the average wage in each country and the payback time required if we all worked full time and paid all of our earnings in tax.

Click table to enlarge

Nearly all mainstream political and economic commentators have been making a big fuss about Portugal, Ireland, Italy, Greece and Spain (collectively known as the PIIGS).

Why this focus on these countries in particular. Is it a form of Northern European economic fascism?

Sure, Ireland is in big trouble. However there are some big players up there too. Why are they so quiet about UK, Switzerland, Holland, Sweden and even Germany to name a few.

Going back to the repayment terms, lets take the UK as an example.

George Osbournes austerity measures have caused an increase in tax take and a decrease in jobs and wages equivalent to about 6% (which is a lot for people to deal with). Therefore instead of the 3.34 years payback time the actual payback time is more like 55.7 years.

That 55 year target is coincidentaly the same period of time that people will have to work according the a recent independent actuarial audit on UK pensions. Mmmm! retirement at 73 years old.

The reason why the focus is not on the major Northern European countries is because the credit ratings agencies like Moody's, Fitch, Standard and Poors are in bed with their neo-con paymasters. Its just an illusion.

The war has started and it's almost over before we've even noticed.
Time to reset the clock.  Abandon all forms of capitalism now.

WHERE HAS ALL YOUR MONEY GONE ?

Just a quick graph showing 25 years of international economic growth and how the money has been distributed.

Who is stealing from who ?

HOW ARE YOU DOING ?

Just a quick graph showing an overview of what has happened to us during the first decade of the new millenium.

Pretty good if you're a corporation or a banker or a speculator or an oil company. Not so good if you're an average Joe who needs a job and uses a car.

A smaller number of employees drawing 5% less wages than 10 years ago has produced a 118% increase in corporate profits.

That's just greedy. Is it any wonder people are beginning to copy the fat cats and just take whatever they want whenever they can?

What's the difference between a politician making multiple expense claims for flat screen TVs and somebody looting a TV shop during a riot?

Answer : The politician gets delivery included.