Saturday, December 24

Stop Spending My Money

From ZeroHedge.

This level of debt is extraordinary. And somehow, all this has to be paid off. As I keep on saying, somebody has to pay for this, its the consumer, shareholders, taxpayer or your children. What the hell is going to happen to this country? The level of deleveraging required will be over couple of decades. And then so many people are still whining that we aren't spending enough, whether its on benefits or public sector pensions or what have you.


Also see this graph from here.

We are so screwed. The world will be paying off its debts for decades to come. Welcome to the great debt hangover.

We owe over £900 BILLION!

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