Britain's Trillion Pound Horror Story...

It's not about cutting etc, it's about the level of debt ... we cannot actually pay back that much money, hell iirc the total "world" figure for debt is greater than the total amount of money in the world.
 
rypt said:
It's not about cutting etc, it's about the level of debt ... we cannot actually pay back that much money, hell iirc the total "world" figure for debt is greater than the total amount of money in the world.
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It's like any loan. 99% of people can not pay it back instantly. What you do need is it to be slowly shrinking the majority of the time.
 
AcidHell2 said:
#
or we could just cut NHS to zero for a year or two.
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Be nice if you or your family has an accident or get ill in those years wouldn't it!

I have paid into NHS for 20 odd years, they should stop all new entries to this country from getting NHS for 5-10 years, scrap boob jobs, face lifts etc
 
paying it back needs a growing GDP something we and a lot of other countries will cease to have sometime this decade, then the fun will begin !
 
AcidHell2 said:
It's like any loan. 99% of people can not pay it back instantly. What you do need is it to be slowly shrinking the majority of the time.
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It goes beyond that though, it goes to the core of how the FIAT system operates due to being able to create money
 
All the money is owed to a guy hidden in a secret bunker so if we find him and make it look like an accident...:rolleyes:

Seriously though, the debt is not a problem! The problem is the assumption(or hope) that the economies will keep growing so that we are better off tomorrow in order to pay the current debt so that we can borrow even more if we need to and pay for it with even higher growth...so ideally we need no more boom and bust!:D
 
rypt said:
It goes beyond that though, it goes to the core of how the FIAT system operates due to being able to create money
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FIAT is an automobile manufacturer in Italy.

Fiat is a system of currency, of which you seem to have little understanding.
 
Lord_Kokain said:
All the money is owed to a guy hidden in a secret bunker so if we find him and make it look like an accident...:rolleyes:

Seriously though, the debt is not a problem! The problem is the assumption(or hope) that the economies will keep growing so that we are better off tomorrow in order to pay the current debt so that we can borrow even more if we need to and pay for it with even higher growth...so ideally we need no more boom and bust!:D
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http://www.peakgdp.com/
 
sanaxe1 said:
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.
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:eek: The US may be 'winning' but they have a much larger population than we do, so per person the UK debt seem really high...

£151,466.66 per person, w.t.f.?
 
Looking like less of a coincidence that inflation is so high, I've been reading both sides of the "inflate our way out of this mess" argument - quite interesting.
 
Two wars in ten years, too. What do you expect :P Benefits and Student Loans are only a fraction of the problems now causing all out cuts.
 
LabR@t said:
shame gordon the moron sold off our gold

watch at 2:20


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That was funny .. GB was just laughing at him. I thought he was going to have a heart attack! Popularist daily mail pleasing sensationalism. but fun to watch.

I guess all meetings need a bit of comic relief every now and again, hence UKIP!
 
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