2020people co-creating a sustainable world

Total UK debt stands at over 1.4 Trillion pounds.

It increases by 1,000,000 every 5 minutes.

97 percent of debt is not backed by real money - ie financial institutions invented the money they lent by ledger book entry and it is not backed by depositors funds or other assets.

Interest repayments on these debts total 94 Billion per annum.

The principal on these loans is also taken or sold on at a profit by the banks.

Every 4 minutes someone is declared backrupt or insolvent.

A house is repossessed every 12 minutes.

(Sources:Council of Mortgage Lenders, KPMG, Credit Action).

We are being raped!