man. utd total debt around 650million pounds i heard.
interest on principle 68.5million pounds each year.
money from ticket sales alone, guessing around 30million pounds per year.
with no debt they could let everyone in for free and still be way better each year than at present.
debt is all in the mind.......I owe no-one nothing ![]()
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so that upset the calculations.... If you believe that con trick,
your playing right into their hands.
I am rich beyond belief ![]()
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like that lotto winner they dug up in the good old U S of A, cuppla days ago
[}:)]
...............................................enjoy ![]()
In a interest on debt (usury) based economy (ours)... money doesn't come in to existence unless it's borrowed.
Government loves u borrowing cos that makes our GDP go up.
Cos we is simple we bid up house prices with money we don't got, bank balance goes up and GDP goes up, everybody happy.
Party goes on until the interest/usury is too much to pay, then the system reboots.
JUST remember EVERY time you borrow, you are making your fellow Australians poorer by increasing the money supply (inflation).
I don't owe anything, I'm WAY in surplus, but the f*cker$ around me keep borrowing more and more and things get more and more expensive, so I'm losing money.
That and the f*cking government steeling from me every damn quarter (3 months).
I saw a financial adviser last year, and he recommend I borrow > 1 million, buy 2-3 properties while they're cheap (cheap as carbon fiber), rent them out... "with rental income you'll be very comfortable".
He'd be right if property prices continued to defy the laws of logic, which they have been for 8 years... but that's the problem, the rest of the world sobered up (apart from Belgium and South Africa)... where as our government said hell no lets get CRAZY... I always wondered how they'd keep it going and the latest is 12% super contributions + 70 yr retirement... you all know where your Super goes, right?
If that happens, I'm out of here (rejoice) or I'll liquidate, send my money abroad, stop working and live off "yous".
There is such a thing known as the "Debt Trap" and it is laid for individuals, families, companies and countries.
For individuals and families it is baited with all sorts of wonderous things. Prestigeous houses, cars, boats, appliances and most wonderous of all, money to trade on the share market.
For companies it is baited with all sorts of clever "Tax Advantages".
For countries it is baited with "Social Programs".
No matter who the intended trapee is, the trap is designed to be inescapeable.
What the trappers have been doing of recent times is springing the trap on untrapables, ie those that they know have no chance of surviving the trap. You can not get blood out of a stone.
The trappers (Big Banks) have successfully passed the responsibility for the stones to those that feed the stones ie the government of the countries (ie the taxpayers) in which the stones live. This results in what is known as B.B.B.O.s (Big Bank Bail Outs.)
Obama, Brown and Rudd are making a show of talking about making the banks pay back for the bail outs, but we all know that will not happen.
Australia's property boom is 1 big pyramid scheme. Every where I go I'm encouraged to buy property.
I work with 12 people...with ages from 23-55, 7 of them have bought properties in the past 2 years, 4 of them already had... and I'm the only 1 renting.
Our banks are borrowing money from abroad because we don't have the money creation in Aus to keep them satisfied.
The banks aren't lending to developers cos that keeps inventory low, and prices high.
A bank is willing to lend me 10x my income (with rental income)... for purchasing property.
When this blows it's taking the country down.
The government will have to print money, causing our bonds and money to go to sh!t.
The situation is so serious, I really can't figure out how it's going to pan out. All we need is 1 little issue with China, and say buy buy Australian prosperity.
The government made a real big mistake encouraging property ownership in the last 18 months. 18% rise in Vic, 12% in NSW.
The world was deleveraging, and they said get as much debt as you possible can.
We were in a very attractive position with $60Billion surplus, now the countries in debt with nothing to show for it expect the 3rd most expensive property prices by income in the world.
www.ldp.org.au/