Paul Bridger ~*~” THE ONLY DEBT DYKE TO DEAL WITH THE MEGA DEBT TSUNAMI IS PRISON FOR THE WAVE MAKERS (BANKSTER CRIMINALS AND THEIR POLITICIAN PAID LACKEYS). You Know The DUTCH Have Got The Economic Blues whooo!! Whooo!! (Rubs Eyes As If Crying) Private Debt Has Got Them Down, The Housing Bubble Is Bursting, Bursting, Bursting, The Economy Is Contracting Austerity Is Biting (Puts In False Fangs/Teeth) And Their Unemployment Is Rising But How’s This Possible When The DUTCH Current Account Is Positive? The Government Deficit Is Small And Exports Is doing Well Uhmm!! Something Does Not Add Up! We Need To Bring In STACY HERBERT, STACY What The Frick Is Going On Over There In The NETHERLANDS? STACY. Stacy: Well MAX Remember At The Beginning Of The Financial Crisis When The Economic Crisis Across EUROPE And We Needed To Bailout GREECE And SPAIN And Then ITALY And PORTUGAL And All These People With Profligate Bad Spending Governments Of The South, Well You Know The NETHERLANDS Were Always The Ones That Were Pushing The Most For Austerity, But It Turns Out Private Debt Might Matter More Than Government Debt In This Situation, ft: Deflating Housing Bubble At The Heart Of The NERTHERLANDS Economic Blues. Household Spending Has Been Falling For Three Straight Years, And It Dropped Again 2.4 per cent Year On Year In The Second Quarter, Dragging The Entire Economy Down With It. Stacy cont: So This Economy Strength For The 4th Quarter In A Row .2% Compared Too PORTUGAL By The Way Which Is Growing. Max: Okay So This Is A Reverse Of The Wealth Effect, People Say Let’s Blow A Real Estate Bubble And People Will Feel Wealthier And They’ll Go Out And Spend, But Here In The NETHERLAND They Created A Housing Bubble, Housing Prices Are Now Down And You’ve Got All The Debt Which Is Now Creating A Huge Drag On The Economy. Stacy: Yes, Actually House Prices Are Down 21% And 30% Off The Population Is In Negative Equity Because Prices Are Collapsing, Actually Let’s Look At This Data market Chart Datamarket Chart (Chart Shown) And It Shows Private Debt To G.D.P. (Gross Domestic Product) And As You Can See From 1990 To 2010 Private Sector Debt To G.D.P. In The NETHERLANDS Went From A 125% To Up To About 225% At The End Of That Chart Which Is 2010 Now It’s Up To 240% So The Highest Across EUROZONE And Now We’re Seeing That The Government Relatively To Other Nations Anyway Across EUROPE Is Okay In Terms Of Debt, But Here You Have The Citizen… What Used To Be Known As The Citizen The Consumer In The Economy Is Collapsing Under The Weight Of Debt. Max: Right They Need To Build Some Of The Fancy Dykes To Help Them From Being Overwhelmed With Debt, They Need A Debt Dyke, You Know They’re Good At Building Dykes, This Is A Story About The Debt In The NEDERLANDS If You Build A Nice Big Debt Dyke You Could Prevent Yourself From Being Overwhelmed With Debt But Unfortunately No Country Is Able To Effectively Build A Debt Dyke (ICELAND? And It’s Called PRISON For The Bank Fraudsters) These Days And They’re All Being Overwhelmed With The Tsunami Of Debt.”~*~ This Write Up Was Done By Blackhole Bridger All Comments In Enclosed Brackets Are My Responsibility Alone There Is Much, Much More In This Easy Put And To Understand Financial Show With Your Hosts STACY HERBERT And MAX KEISER In The Second Half Of The Show MAX Talks To ANN PETTIFOR Of PrimeEconomics.org About The ALICE IN WONGALAND Economy In The UNITED KINGDOM Where People Borrow From Payday Lenders In Order To Live And, Instead Of Lending To The Economy Is Lending To Banks. They Also Discuss Interest Rate Apartheid, Carry Trades And Public Unrest. So Put Your Toe Into The Know And Click Below It’s An Easy Go-Go.
Posted on: Sun, 25 Aug 2013 07:07:28 +0000
Trending Topics
Recently Viewed Topics
© 2015