UK Debt - Where did all the money go?

britboy4321 said:
For the same reason that you should go out of your way to stop someone beating up an old lady even though that person never did anything to harm you.

Morals shouldn't stop at international level ..
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Why aren't we helping other countries with genocide like in Africa?

To use your example, we only help the old lady if we think we're likely to inherit something from them. We might even slip something in their coffee to help them along the way a bit.

Invaded Iraq for moral reasons, lol.
 
Anyone who says the NHS is fixed, way better than it was, simply doesn't know what they are talking about.

Not least because an incredibly , frankly, disgusting proportion of the increased workforce and spending has been on none front line personel.

IE for every million extra spent, you've probably found 700k of that going on people who are not required, don't treat patients and don't improve patient care at all.
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Bad logic to defend 'the NHS is euqal to how it would be without the extra spending, how ever well or badly it does is 'just life'' theory.

If I put £10,000 into my weekend beer fund, and £9900 is taken in costs by the administrators therefore £100 is left for the fund -- the beer fund is better off and I enjoy more beer. Your above logic disagrees ..
 
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daz said:
Wow, someone else who doesn't understand economics.
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Just as much as the people who got the country in this mess in the first place!!!! Like I said they shouldn't have kept borrowing. nerds.

kgi said:
Correct, get credit to buy an economics/finance book instead!
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Yeh, something I don't get I never have been in debt never will.
 
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It is completely absurd that a sovereign nation should be in debt to private creditors. That's what happens when the creation and control of money is almost entirely privatised.

This can't last forever though.
 
iDroid84 said:
Yeh, something I don't get I never have been in debt never will.
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1) your mate (living abroad) who you trust implicitly asks to borrow £100 off you, he doesn't have a bank account
2) he will pay you £110 back at the end of the week, or £150 if his 'investment' at William Hill goes OK.
3) To borrow £100 from the bank for the week will cost you £0.15 in interest

You'd not go into debt for the week, help everyone, and take the £9.85 / £49.85 profit? Instead 'no way I am debt free yeehaa'??



This principle (moved up to an international level) is basically why the 'debt is evilz' line is not really always true.
 
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iDroid84 said:
Just as much as the people who got the country in this mess in the first place!!!! Like I said they shouldn't have kept borrowing. nerds.
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Don't worry about that guy. He thinks he is educated because he regurgitates all the free market spiel he was spoon-fed at school. He can't think for himself. To any with half a brain, it is clear there are monstrous practices in our economic and political system.
 
britboy4321 said:
1) your mate (living abroad) who you trust implicitly asks to borrow £100 off you, he doesn't have a bank account
2) he will pay you £110 back at the end of the week, or £150 if his 'investment' at William Hill goes OK.
3) To borrow £100 from the bank for the week will cost you £0.15 in interest

You'd not go into debt for the week, help everyone, and take the £9.85 / £49.85 profit? Instead 'no way I am debt free yeehaa'??
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Help everyone? Even the bookies win if he wins the bet? Of course not. BANKS WIN AGAIN.

Plus his bet probably won't win and he will be taking too low odds for it anyway.
 
britboy4321 said:
1) your mate (living abroad) who you trust implicitly asks to borrow £100 off you, he doesn't have a bank account
2) he will pay you £110 back at the end of the week, or £150 if his 'investment' at William Hill goes OK.
3) To borrow £100 from the bank for the week will cost you £0.15 in interest

You'd not go into debt for the week, help everyone, and take the £9.85 / £49.85 profit? Instead 'no way I am debt free yeehaa'??



This principle (moved up to an international level) is basically why the 'debt is evilz' line is not really always true.
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what if he loses his bet at william hill and cant pay you back anything?
 
Knubje said:
Problem with Britain today, in one sentence.

Not aiming at you directly Oxy, because I'm in the same boat. I've got no REAL debt (other than a mortgage and student loan, which really is technically debt and has contributed to the situation but you know what I mean).
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WTF? You borrowed 1/4 million quid and that's not real debt?
 
Found a solution.

David Cameron gets a 0% credit card.
Pays off £1 trillion debts on it.
SORTED!
Keep changing credit cards every 6 months.

I should be prime minister man...
 
alex_tank said:
Found a solution.

David Cameron gets a 0% credit card.
Pays off £1 trillion debts on it.
SORTED!
Keep changing credit cards every 6 months.

I should be prime minister man...
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I think you should join Gordo on the back benches and discuss what could have been.
 
britboy4321 said:
1) your mate (living abroad) who you trust implicitly asks to borrow £100 off you, he doesn't have a bank account
2) he will pay you £110 back at the end of the week, or £150 if his 'investment' at William Hill goes OK.
3) To borrow £100 from the bank for the week will cost you £0.15 in interest

You'd not go into debt for the week, help everyone, and take the £9.85 / £49.85 profit? Instead 'no way I am debt free yeehaa'??



This principle (moved up to an international level) is basically why the 'debt is evilz' line is not really always true.
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What? Your talking like everytime you borrow money your going to be quids in and earn interest. I'm sorry but if this line of interest wasn't taken up in the first place of borrowing money there wouldn't be an issue now would there?....
 
lunarwolf said:
partly true ;) you are forgetting money markets, ie if currency is devalued then your bonds will lose a lot of their worth. in the long term stock market will yield a better roi provided you invested in a diversified portfolio of blue chip companies.
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ahh, didn't say best, I said safest!!

The risk of currency devaluation should be reflected in bond yields (looked at what happened in Venezuela) rising one would hope!!
 
iDroid84 said:
What? Your talking like everytime you borrow money your going to be quids in and earn interest. I'm sorry but if this line of interest wasn't taken up in the first place of borrowing money there wouldn't be an issue now would there?....
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No, I'm saying debt is not a bad thing if the chances are it, including any interest, it will give you more benefit than pain.

Another example for clarity. If it costs me £1000 a month, so £12000 a year to get the train to work,

or £5000 to run a car for a year to work all in ..

if you can't afford it currently, it's worth borrowing £5000 to get the car, even if I pay back a total of £8000 after interest on the 1 year loan. It effectively makes me a £4K profit after I've paid the debt with interest, though would incorrectly be classed by some people simply as 'OMG he has put himself into £8000 of debt what a stupid head he is debted to the eyeballs NIGHTMARE ..' .. who would be right?

So your 'I'll never ever have debt EVER' policy could well in some circumstances cost you more money than opting for the debt! Could be a bad economic policy that costs you dearly ..

The same kind of principles work on an international scale ..
 
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I heard the debt was all caused by the Government settling a case with RIAA for ~245 million illegal MP3 downloads by the UK population since the internet was created.
 
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