The G20 thread for thickos.

[ihatesissycars]

Would someone be so kind as to give me the d-low on the likely outcome of this?

I can't get past the bit reference giving the poor, developing countries all our money in the hope they're going to spend it on us and not a few million Kalashnikovs?

[BigJonMcQuimm]

we are royally f'ed.

Gordon has sold the lot

Mega inflation then bust I reckon now.

[Bing o]

ihatesissycars said:

Would someone be so kind as to give me the d-low on the likely outcome of this?

I can't get past the bit reference giving the poor, developing countries all our money in the hope they're going to spend it on us and not a few million Kalashnikovs?

You know Zimbabwe?

You know Harare the capital city?

That's us that is, in 5 years.

[mechsympathy]

Bing o said:

You know Zimbabwe?

You know Harare the capital city?

That's us that is, in 5 years.

Thank fk we don't have a fat, incompetent psychopath in charge eh?




Oh

[gmk666]

ihatesissycars said:

I can't get past the bit reference giving the poor, developing countries all our money in the hope they're going to spend it on us and not a few million Kalashnikovs?

I think we are one of the poor, developing countries.
We're going to spend our share of the G20 cash in benefits and meaningless quasi-government jobs.

[ihatesissycars]

Pretty bad then. . .

The money, would I be correct in saying that Winky will burrow that from the bank and then we, the public will be paying that back in taxes.

Forever.

?

[gamefreaks]

Bing o said:

You know Zimbabwe?

You know Harare the capital city?

That's us that is, in 5 years.

Ha!...Main difference being that their new government have given their people some hope!!!

[Bing o]

With credit to bosscerbera, this paints a good picture of how fecked we really are:

bosscerbera said:

To put countries' financial predicaments into perspective, perhaps think of countries as being like people.... GDP = wages; Ext Debt = Debts; Foreign Exchange/Gold = Savings; Trade Surplus/Deficit = Cash at Bank.

In these illustrations, each £1,000 = $100 billion

China
Salary ................. £70,430.00 ($7.04 trillion)
Debts ................. £3,630.00
Savings ............... £14,930.00
Bank ................... £3,633.00

Australia
Salary ................. £7,668.00
Debts ................. £7,579.00
Savings ............... £711.50.00
Bank ................... £509.60 DR

UK
Salary ................. £21,470.00
Debts ................. £104,500.00 ($10.45 trillion)
Savings ............... £470.40
Bank ................... £1,110.00 DR

USA
Salary ................. £138,600.00
Debts ................. £122,500.00
Savings ............... £658.90
Bank ................... £7,471.00 DR

[node]

We're in trouble. The sad thing is, Brown knows exactly what he is doing.

Edited by node on Friday 3rd April 16:47

[gmk666]

gamefreaks said:

Bing o said:

You know Zimbabwe?

You know Harare the capital city?

That's us that is, in 5 years.

Ha!...Main difference being that their new government have given their people some hope!!!

And their leader won an election.

[loafer123]

ihatesissycars said:

Would someone be so kind as to give me the d-low on the likely outcome of this?

I can't get past the bit reference giving the poor, developing countries all our money in the hope they're going to spend it on us and not a few million Kalashnikovs?

As ever, the Daily Mash is your friend in this sort of circumstance, distilling the issues down to real life levels...

http://www.thedailymash.co.uk/news/arts-%26-entert...

[ihatesissycars]

Righto, so what possible way could we get out of this debt problem?

[Bing o]

ihatesissycars said:

Righto, so what possible way could we get out of this debt problem?

Pay it back through actually making stuff - ie becoming a net exporter, and also by stopping lots of benefits and encouraging people to save and be sensible with money.

[Stig]

ihatesissycars said:

Righto, so what possible way could we get out of this debt problem?

Leave.

[Mr Whippy]

ihatesissycars said:

Righto, so what possible way could we get out of this debt problem?

Stop bailing out those who's debt it is!?

[JayBM]

Bing o said:

With credit to bosscerbera, this paints a good picture of how fecked we really are:

bosscerbera said:

To put countries' financial predicaments into perspective, perhaps think of countries as being like people.... GDP = wages; Ext Debt = Debts; Foreign Exchange/Gold = Savings; Trade Surplus/Deficit = Cash at Bank.

In these illustrations, each £1,000 = $100 billion

China
Salary ................. £70,430.00 ($7.04 trillion)
Debts ................. £3,630.00
Savings ............... £14,930.00
Bank ................... £3,633.00

Australia
Salary ................. £7,668.00
Debts ................. £7,579.00
Savings ............... £711.50.00
Bank ................... £509.60 DR

UK
Salary ................. £21,470.00
Debts ................. £104,500.00 ($10.45 trillion)
Savings ............... £470.40
Bank ................... £1,110.00 DR

USA
Salary ................. £138,600.00
Debts ................. £122,500.00
Savings ............... £658.90
Bank ................... £7,471.00 DR

Please can someone tell me the above is over egging it some what......I knew we were in the preverbial but holy cow batman

[Mr Whippy]

JayBM said:

Please can someone tell me the above is over egging it some what......I knew we were in the preverbial but holy cow batman

Well that includes mortgages I expect, and since our housing values are pretty high here, and a large proportion of people own and not rent, then I can see it being naturally higher and maybe not so hugely indicative.

I guess if a figure could ever be realised, what you are left with after you 'settle your tab' might be more indicative.

Still not great though.

Dave

[Fittster]

I think the answer is that you can borrow your way out of debt.

[ihatesissycars]

How come fknut hasn't been given the boot then?

[Marf]

Fittster said:

I think the answer is that you can borrow your way out of debt.

Ocean Finance on a macroeconomic scale.