Britain's Trillion Pound Horror Story...

[Spit]

Anyone else watching this? 10mins in and I feel sick! Unbelievable mismanagement of our money. Will be interesting to see what the programs solution will be.

£4.8 Trillion national debt

 

[Greenlizard0]

Apparently it's all student loans.

 

[Pete.Dakota]

Apparently it's all student loans.

a lot is spent and reserved for cleaning up the damage caused by riots too.

 

[Meridian]

Will be interesting to see what the programs solution will be.

Given the right-wing tone so far, I would guess: privatise absolutely everything.


M

 

[JHeaton]

I'm watching it, too. I always know the rough figure, but watching this really makes you think about it. I feel sorry for future generations. We're in a pretty bad situation.

 

[LabR@t]

shame gordon the moron sold off our gold

watch at 2:20

 

[Old Wino]

..

 

[Dolph]

And yet some people still insist we have no need to stop spending or to try and balance the budget...

 

[Spit]

It said if we sell ALL the property in the UK we will still be about a £1 Trillion short lol.

How the hell are we expected to get out of this?

 

[Spektor]

How the hell are we expected to get out of this?

Live out your life and hope every day that you die before it really comes crashing down around us. That's my plan anyway.

 

[JHeaton]

And yet some people still insist we have no need to stop spending or to try and balance the budget...

Silly, isn't it? I find that those people are only looking as far as themselves and their family, not the bigger picture.

 

[VaderDSL]

I'm just going to stick my head in a bucket of sand and pretend everything is well.

 

[kwerk]

And thus ends the pathetic European social democracy experiment.

 

[sanaxe1]

United States 13,450,000,000,000
United Kingdom 9,088,000,000,000
Germany 5,208,000,000,000
France 5,021,000,000,000
Netherlands 3,733,000,000,000
Spain 2,410,000,000,000
Italy 2,328,000,000,000
Ireland 2,287,000,000,000
Japan 2,132,000,000,000


So who do all these countries owe this money to? As even china has a 370Billion external debt.

 

[Castiel]

United States 13,450,000,000,000 94%
United Kingdom 9,088,000,000,000 416%
Germany 5,208,000,000,000 155%
France 5,021,000,000,000 188%
Netherlands 3,733,000,000,000 470%
Spain 2,410,000,000,000 165%
Italy 2,328,000,000,000 101%
Ireland 2,287,000,000,000 1004%
Japan 2,132,000,000,00 42%


So who do all these countries owe this money to?

Each other.......(and China)

 

[csmager]

China & Pension Funds

 

[Greenlizard0]

That's something I've not understood either. A lot of the developed world is in debt. There are two possibly three continents that are poorer than us. Where is this money going?

 

[scorza]

So who do all these countries owe this money to? As even china has a 370Billion external debt.

Anyone can buy sovereign debt, institutional investors like banks, hedge funds will own the lion's share.

 

[Izi]

complete madness, its going to take years to rectify.

 

[flibbage0]

United States 13,450,000,000,000
United Kingdom 9,088,000,000,000
Germany 5,208,000,000,000
France 5,021,000,000,000
Netherlands 3,733,000,000,000
Spain 2,410,000,000,000
Italy 2,328,000,000,000
Ireland 2,287,000,000,000
Japan 2,132,000,000,000


So who do all these countries owe this money to? As even china has a 370Billion external debt.

This is a very good question, they must borrow it off each other, unless there is a secret country.

Boo hoo, looks like I will never get an M3 now.