c. nineteen on treasury numbers one point six trillion pounds so the credit card was cut off in two thousand and eight essentially when banks credit for us that and instead of attacking the systemic problems the central banks came in and they figured out a way to open up the credit levers again and in this country they simply doubled the amount of debt that they've gone into there are much more debt historically maybe of the highest debt that they've benoît a lot of that debt of course bought by our own bank of england just as in the states but particularly in the u.k. we've had circular financing of government debt it's it's ok actually unprecedented in peacetime in this country so there's that part of the systemic crisis that you see kind of falling apart in the in the near future absolutely obviously we had a big government bailouts of all large banks post lehmann this time around governments are in a much much weaker position even on the basic metrics western governments now on average have debt to g.d.p. ratios of about soon some sixty five percent according to the bank for internationa