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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Wednesday 18 July 2018

Nick O'Connor , Southbank Investment Research :

**The UK financial system loans a scary amount of money out to other financial institutions – in fact, FIVE HUNDRED PERCENT more than the G7 average. As of 2014 (the latest figures available) this figure stood at 34% of our entire GDP.
**The UK financial system has the highest exposure to foreign debt in the G7 – again, because our entire banking system is one big 'super spreader'.
**It is by far the most bloated sector, compared to the size of our economy, of any G7 nation. Banking assets are worth four times the entire UK economy.
**It is second only to Canada when it comes to exposure to consumer debt. Consumer debt is expected to reach 150% of GDP by next year.
**It has the lowest 'useful lending' ratio (lending to real businesses not other financial institutions) in the G7.
**It has the highest 'risky assets' ratio of any G7 nation (the ratio of safer 'core' assets to riskier 'non core' assets).
**It has the highest level of 'securitised assets' in the G7 – complex securities that helped create the last crisis.
**The highest leverage (borrowing) ratio of any G7 banking system


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