RE: Britains debt time bomb
Shit, just lost a two page reply to PD Grrrrrr
I'm not going to retype the whole thing but basically PD your being naeive, the rich bankers will do anything to control the land and the nations wealth, so as in EIRE where they have a massive homeless problem you also see entire new build estates left empty.
In SPAIN towns where over 50% of the citizens have been repossessed, Historically government will pay troops, cops and bailiffs with food, fuel, booze or a percentage of what ever peoperties they seize. Just as in the UK in the 19th century local militias of local men would actually open foire on their own townsfolk if the Riot Act was read out you will find today Bailiffs, Cops and Soldiers who will do the states will for cash, gold, food, fuel or a free house. In Southern Spain there are entire resorts of hundreds of homes and shops etc laying empty in the same region where hundreds of repoed families live on the streets.
The nation is controlled by a ruling elite of politicians whose friends, associates, and family members are bankers, major land owners, speculators and land lords, They are never going to relinquish their money, propery or control no matter how bad things will get.
If you think the elite will stop paying those who keep them in power instead of cutting pensions or benefits your sadly mistaken.
As I have already reported in great depth you can see they are already moving into gated secure communities, rural self contained estates ( along with bodyguards and their families), building Iceberg homes and properies in places like the Channel Islands and Windys.
This is just history repeating itself AGAIN, the socialists and corrupt rich have buggered up europe they way they buggered up the Soviet Union.
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