UK GDP = £2.13 Trillion (about $3trn).
UK Bailout = £1.4 Trillion (about $2trn).
UK Population = 61 Million
Cost per person = £23000 for every man, woman and child in the UK. (about $35000)
US GDP = $13.8 Trillion
US Bailout = $12.8 Trillion + $3.2 Trillion Stimulus = $16 Trillion
US Population = 303 Million
Cost per person = $52800 for every man, woman and child in the US.
And for a little bonus detail:
World GDP = $54.6 Trillion
World Derivatives Market = $1.4 Quadrillion (that's $1400 Trillion).
World Derivatives Real Value = 0. Never forget that.
These are the "bad assets" the bailout was supposedly going to be used to buy. Well there's a little too many of them for anyone to afford to buy them all - instead you're just giving all your wealth to the very same global banking syndicate that engineered this collapse by creating fraudulent derivatives in the first place.
What happens when all this fiat paper currency is printed? (although nowadays they don't even bother representing money as paper, almost all modern money exists in digital form only.)
The answer is, massive expansion of the money supply causes hyperinflation, leading to currency collapse. Weimar Germany. You don't need to be a genius to figure that out.
But don't worry, the bankers have got theirs! Now bend over and take the theft, obedient slaves.
Hey, the bankers are set, so they don't care about any of us... and it always made me wonder where the money came from... it's all imaginary
ReplyDelete"The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again." - Sir Josiah Stamp, former head of the Bank of England.
ReplyDeleteWe need to end fractional reserve banking, which is the system that permits banks to lend out more money than they actually have, ie "create deposits" as described above.