Friday 2 October 2015


The World Economic Forum's annual Global Competitiveness Report ranks the USA 96 out of 140 countries in terms of debt and savings i.e. 'macroeconomic environment'.

Britain ranks 108th out of 140 countries in terms of 'macroeconomic environment', worse than Haiti and Zimbabwe.

'Macroeconomic environment' refers to the government deficit, public debt, savings and the strength of the financial system.

Countries ranked even worse than Britain for macroeconomic environment included Spain, Greece, Mozambique and Sri Lanka, with Malawi at the bottom of the list.

To view all the data click here

According to the World economic Forum, the USA should "improve the quality of education (18th), in particular at the primary level, and continuing to stabilize its macroeconomic environment (96th), which must include addressing high health and social security costs and ensuring continued strengthening of the financial system."

According to the World economic Forum, "Britain will have to continue efforts to improve its macroeconomic environment (108th); the government deficit is still very high (5.7 percent of GDP, ranked 118th) and its public debt has doubled since 2007, now accounting for almost 90 percent of GDP (123nd)."

External debt[2]


% of GDP[7][8][9]
1 United States
20 June 2015
2 United Kingdom
31 March 2014
3 France
31 March 2014
4 Germany
31 March 2014
5 Luxembourg[note 1]
31 March 2014
6 China
31 December 2013[10]

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At 2 October 2015 at 01:31 , Anonymous Anonymous said...

Good and interesting articles about the Russian intervention in Syria

At 2 October 2015 at 02:47 , Anonymous Anonymous said...

At 2 October 2015 at 02:48 , Anonymous Anonymous said...

At 2 October 2015 at 03:16 , Anonymous Ross said...

They tell us that the US has a debt of $18.5 tn (million million). But what about the $16 tn the government gave to the banks to bail them out? And we're only talking about Federal debt here - what about each individual state's debt? Each city's municipal debt? Let alone all consumer debt. An almost incalculable amount, and this just for the USA. The question I want to know is who is all this 'money' owed to exactly?

At 2 October 2015 at 04:24 , Anonymous Anonymous said...

The one percent in America think that ordinary people have too much money because of their Social Security. The one percent got bailed out with £trillions which went straight into their off shore tax havens, when it could have been used to help ordinary Americans by kick starting the economy and write off debts.

American workers pay into Social Security a little bit out of their wages each month, or week. The one percent say it is broke, but it is in the black and worth over 4 $trillion. The Social Security fund cannot borrow money by law, it purely funded by the American people out of their wages.

The one percent have stolen everything else and they now want that 4 trillion too, so they spread lies about it being bankrupt and the dumb working class Conservatives go along with it.

Video: Strengthen Social Security... Don't Cut It

At 2 October 2015 at 06:04 , Anonymous Anonymous said...

Paul Craig Roberts....someone who the elite would find difficult to smear with "conspiracy theorist" often mentions the THEFT of social security assets by the corrupt elite of America.(most people are becoming aware of the ethnicity which forms most of the elite.No surprise then that the American "secret police" like Homeland Sec. Always has someone of the same ethnicity as CEO...not a coincidence that,either.

At 2 October 2015 at 06:53 , Anonymous Anonymous said...

And to whom is this debt owed?.Answer,privately owned central banks,the biggest financial scam in history.Google the " Bradbury pound" ,when Britain briefly issued it's own debt-free currency.
And who started & own these central banks & take huge profits every year?.
Answer - the members of a certain tribe who've been controlling the world's finances for centuries.
Until they're destroyed,we'll continue to be " in debt" .

At 2 October 2015 at 11:38 , Anonymous Anonymous said...

You are right on that one...but they are a tenacious parasite...their "superb" lying ability means they are able to dupe many people....if that doesn't work,their control of the secret police AKA the intelligence agencies enables them to disrupt opposition to them before it gathers momentum, failing that there is always assassination of key opposition members....

At 2 October 2015 at 15:34 , Anonymous CanSpeccy said...

"The $16 tn the goverment gave to the banks to bail them out" consisted in short term loans all of which have been repaid: See here.

At 2 October 2015 at 15:39 , Anonymous CanSpeccy said...

The external debt figures are gross, not net. On a net basis UK debt is much smaller. Most of Britain's external debt is due to the banking sector, which has comparable foreign assets. See here.

At 2 October 2015 at 18:59 , Anonymous Anonymous said...

You would know the reason for crass media, upon announcement of "leadership spill" informing the Australian public that the Pt Piper home of new PM Turnbull is worth $50million.

At 3 October 2015 at 07:38 , Blogger Anon said...

“When a major world figure calls out this courageously the abject wrongness of the reality that the masses are being told is necessary and it must adhere to, and in such calm yet bold and action-reinforced clarity, it speaks volumes and sends a very strong signal. (…) No doubt the rabid west and Israel and their proxy states will step up their desperate, hysterical and genocidal attacks to confuse the issue, and try to provoke a greater confrontation. As their dying beast writhes in the throes of exposure to the light of truth and public awareness, the forces of darkness will make their move….They’re psychopaths.“ (Zen Gardner)

At 8 October 2015 at 06:17 , Anonymous Ross said...

Thank you for your reply and link. So let me see if I've got this right. At some point, the deceptively named and privately owned Federal Reserve must have approached the US government and indicated that they needed to 'borrow' $16 tn from them. This 'money' was then to be disbursed amongst various privately owned financial institutions to prevent them from imploding on a mountain of debt that they had accumulated speculating (i,e, gambling) on derivatives and other forms of counterfeit money. To whom that debt was owed… Well, as at the end point the total amount of 'debt' in these 'financial markets' was estimated to be c.$ 600 tn i.e. the equivalent of just about all the wealth in the world, this clearly wasn't 'debt' as you and I know it!
So, the US gov agrees to 'lend' this $16 tn to the Fed, and as per request, not ask them what they intend doing with it. However, as we know, the US gov does not have $16 tn down the back of a sofa, and as they do not issue their own currency, the Fed does that, presumably they must have gone to the Fed and said 'please magic $16 tn out of thin air, lend it to us and we will immediately lend it back to you to do with as you see fit'.
From there it appears to have been used in part to speculate on the commodity markets, but otherwise, who knows? Now, according to your link, the original $16 tn has been 'repaid' by the Fed to the US gov, who presumably 'repaid' it straight back to the Fed plus any interest accrued. So where is that $16 tn now? Back with the Fed? Lent back again to the US gov? Magicked out of existence just like it was magicked in in the first place? (Remember we are talking about c.$2,200 for every man. woman and child alive on earth today.)
Farmers grow food, train drivers drive trains, widget-makers make widgets. All useful occupations. What exactly do these financial crooks contribute? Every single one of them is a criminal engaged in a systematic systemic fraud, a naked criminal exercise of almost incomprehensible scale. Imagine a world that ran on sound money - that's half the battle right there.


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