Laowai2? Post time: 2013-7-5 19:38
I assume you do not have first hand knowledge of life in the UK, unlike the millions of immigrants ...
Where I come from, nothing is free. Lucky me.
However, I agree it must be a terrible place. Who needs free housing, free medical care, free education, being paid to have children and being paid not to work? Why not share with us where you live?
The debt time bomb that is Britain.
Published on 26 Feb 2013
An apocalyptic documentary regarding the sorry state of the British Economy and it's colossal debt mountain. Warning: Unpleasant content.
If MoneyWeek are to be believed, Britain's love affair with borrowing has put us on a collision course with complete economic, social and political collapse. Osborne cannot save us now.
Released by MoneyWeek.
£10 trillion in public funds - MoneyWeek calculations based on historical welfare spend
UK Total Debt as a percentage of GDP - Debt and deleveraging: Uneven progress on the path to growth, McKinsey Global Institute, 2 January 2012
500,000 pensioners in 1909 -- BBC article: The state pension turns 100, 31 July 2008 Average life expectancy - World Bank data, 31 October 2012
An estimated £5 trillion government debt -- IEA article: True level of UK government debt exceeds £5 trillion, 12 November 2012
£120 billion net borrowing -- Office for National Statistics: Public Sector Finances August 2012, 21 September 2012
MP Douglas Carswell quote -- The End of Politics and The Birth of iDemocracy
James Callaghan quote -- British Political Speech, Blackpool 1976, 28 September 1976
America, Japanese and Weimar Republic total debt -- Global Financial Data, Bridgewater's An In-Depth Look at Deleveragings report, February 2012
Salaries and pensions slashed up to 40% - The Guardian: Greece is ripe for radical change, 8 November 2012
Euro zone discussed capital controls -- Reuters, 12 June 2012I created this video with the YouTube Video Editor (http://www.youtube.com/editor)