"Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

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"Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by parametric » Wed Jul 13, 2016 11:10 pm

[I've bumped this, in light of the forthcoming interest-rate announcement from the Bank of England . . . Sept 2017]

Given that this was aired in 2010, the figures are still scary this far down the road . . . . . and are almost certainly much larger NOW,

than described in the program. . .

MUCH is explained about how our system works in the UK . . . . or rather, how it fails to work . .

The "borrowing culture" depicted as an imperative is particularly worrying (IMO) and the likelyhood of change extremely

unlikely with the present band of "luminaries" in charge(IMO).

This program EXPLAINS the dangerous direction we're headed - and offers some solution, but it needs FRESH and RADICAL thinking,

which I think is beyond those presently responsible for our well-being.

We'll see.

You can watch or download here: http://yamahamusicians.com/parametric/B ... rStory.mp4

There are a few minor glitches in it, but nothing too intrusive - just wait out the occasional freeze . . .

I'll be interested in any comments/observations . . . .

parametric
Last edited by parametric on Wed Sep 13, 2017 1:26 am, edited 2 times in total.
Reason: Can now View/Download from the Forum
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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by tux » Fri Jul 15, 2016 10:51 am

You might get more responses if you cared to say what this is exactly about, or if you at least published whatever you would like us to download in a more accessible way.
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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by Saul » Fri Jul 15, 2016 11:47 am

I "think" it's to do with Britain's "real" national debt. So the total debt not just the tiny fraction of it governments like to talk about. The video is also on youtube so you don't have to download anything.

https://www.youtube.com/watch?v=E4-lXazmK7o
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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by parametric » Fri Jul 15, 2016 3:24 pm

Yeah Saul, I found that - but it's only 1'58" . . . .

My download is the whole program. . . . . It IS worth the effort to D/L (IMO)

@Tux - It's about HOW we came to have a 4.8 Trillion Pound National debt - and what might be done to prevent us continuing to make it larger - (as we most certainly are . . . )

I did check to see if it was on YouTube, but if it ever was (in full) it was swiftly removed, so damning is the content and thus embarrassing for the government.

I recorded it off air. I did try to upload it here but I guess it's just too large . . . .


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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by tux » Sat Jul 16, 2016 9:06 am

National debt is a fictitious issue anyway. There is no reason why the state has to borrow money from private banks (other than to enrich the bankers).
And there is an easy solution for it: http://positivemoney.org/
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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by parametric » Sun Jul 17, 2016 4:36 am

Sorry Tux, that is NOT correct.

Watch the program and you'll see why

I found it ready to view here: https://vimeo.com/92357576

There is about a 30 second freeze when he puts the £50 note down - just let it run. (There's a few momentary ones later on too)

I edited them out of the file on my server . . . .

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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by tux » Sun Jul 17, 2016 4:09 pm

parametric wrote:Sorry Tux, that is NOT correct.
Which part of my post are you referring to with this reply?
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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by Saul » Sun Jul 17, 2016 5:45 pm

I find it quite amusing how various government figures are always telling us how we should be more responsible with money...I think the UK has the highest debt per capita certainly in the EU and yet, they don't practice what they preach because if they did the country would not now be trillions of pounds in debt.
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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by tux » Sun Jul 17, 2016 6:41 pm

Saul wrote:I find it quite amusing how various government figures are always telling us how we should be more responsible with money...I think the UK has the highest debt per capita certainly in the EU and yet, they don't practice what they preach because if they did the country would not now be trillions of pounds in debt.

What most people don't seem to realise is that 95-99% of all money in circulation was created as somebody's debt. Everytime somebody (whether the government, a private company or a private individual) takes on debt, that debt is new money that's being put into circulation and when the debt is paid off that money is out of circulation again.

With this monetary system we currently have there would be a huge scarcity of money if nobody would take on any debt. The economy would completely implode. The only solution to this is moving away from the current debt based monetary system which only benefits those who create the 'money' (more correctly 'bank credit'), i.e. the banks. The link I posted in my previous post is exactly about this, i.e. about a monetary system that's no longer dependant on debt.
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Re: "Britain's Trillion Pound Horror Story" - albeit a few years ago . . . .

Unread post by parametric » Wed Sep 13, 2017 1:29 am

tux wrote:National debt is a fictitious issue anyway.


Sadly not fictitious. In the program it's 4.8 Trillion pounds. The program is 3 - 4 years old, so it's much larger already. The illustration with the Bath - shows this rather well, I think.
tux wrote:There is no reason why the state has to borrow money from private banks (other than to enrich the bankers).
There is EVERY reason - sInce the outgoings paid to those on benefits, the running of the NHS and NUMEROUS other calls on the public purse far exceed what is earned through taxation, there has been a "borrowing requirement" now for many years. I other words we are living beyond our means and this continues to be compounded year on year. WHO it is borrowed from hardly matters in reality, so long as they continue to believe we can service the debt - and THAT belief has a life expectancy. The spiral HAS to be broken if financial ruin is to be avoided.
tux wrote:And there is an easy solution for it: http://positivemoney.org/
Well, supposedly there is. Curious is it not that John Cowperthwaite was a Scottish politician from here - and revered in Hong Kong for pointing the way to prosperity.

Unfortunately, I don't believe the bunch of idiots we have in charge at present have either the sense or the vision - to be advised . . . . .

They are far too institutionalised to "Living beyond OUR means". Saving is BAD, borrowing is GOOD - a recipe for financial collapse . . (IMO)

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Last edited by parametric on Tue Jul 19, 2016 12:38 pm, edited 1 time in total.
Reason: corrected spelling


Last bumped by parametric on Wed Sep 13, 2017 1:29 am.
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