The British Finance and Treasury Minister (known as the Chancellor of the Exchequer), Alistair Darling, announced the 2009 Budget. Based on very optimistic growth assumptions, that Dr Vincent Cable MP (a very prominent politician, economic expert, ex-Chief Economist of Shell) called as “totally dishonest” in assuming “spectacular recovery and rates of growth” , the expected national debt will reach an unprecedented level of over £1.4 trillion (above $2 trillion) but in reality it is very likely to be much higher.
As experts and politicians agree the current economic crisis in
However unlike the Albanian government, the Britain’s decided not to liquidate the pyramid scheme but instead they made all the British taxpayers the last participants who were forced to join the scheme The tax system is used to subsidise and sustain the pyramid. Unlike the Albanian government, the
The notional book value of this pyramid is massive. It is very likely to be in quadrillions of pounds in the world and still growing at a faster rate than a rate of putting money into the financial system. As a result the British taxpayers are in the same position as customers of loan sharks. They lend the money to their victims in a “structured” way that makes the victims keep on repaying forever. Irrespective of the repayments the debt keeps on growing.
The figures given in the Budget delivered by Alistair Darling reinforce the view that the financial system plays the same parasitical and indeed criminal role on the British taxpayers as loan sharks on their customers. Unless and until the British government liquidate the financial pyramids in