Total debt to GDP / zerohedge.com *
“… the nation with the greatest combined debt
(government, corporate and household)
to GDP in the world. Yup. The UK.”
Tyler Durden, ZeroHedge
Source: http://www.zerohedge.com/news/goldmans-sigma-x-hints-who-next-contagion-target
Link to original graph: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/total%20debt%20to%20gdp_0.jpg
Related video:
What is Fiat Money?
Frizzers
Written and narrated by Dominic Frisby
Animated by Pola Gruszka
Produced by Renegade Economist
http://www.fourhorsemenfilm.com
http://www.dominicfrisby.net
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ↄ⃝ Copyleft CanadaNewsLibre 2011
“Making ever-increasing amounts of FIAT MONEY available could result in their losing control over the amount of money and, thus, inflation…”
The World from Berlin/SPIEGEL ONLINE/12-01-2011
‘Central Banks’ Coordinated Move Has Solved Nothing’
”Global stock markets on Wednesday were euphoric after the major central banks around the world made it easier for banks to access dollars. But the euro-zone debt crisis rages on nonetheless. At the most, say German commentators, Wednesday’s move merely buys some time — but not much.
On the one hand, Wednesday’s coordinated effort taken by central banks around the world provided a needed shot in the arm to uneasy global stock markets. It was a clear message that the European Central Bank, theUS Federal Reserve, the Bank of England and the central banks of Canada, Japan and…… Switzerland were not going to leave the global economy in the lurch.”
“The central banks must beware of two dangers. For one, making ever-increasing amounts of money available could result in their losing control over the amount of money and, thus, inflation. … Secondly, monetary policy cannot take over the task of finding a solution to the euro zone’s state debt crisis. This is and remains the job of the governments in debt-stricken countries. Monetary policy is powerful, but not omnipotent.”
For full article please go to:
http://www.spiegel.de/international/business/0,1518,801071,00.html