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UK Debts "biggest in the world"
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Thrugelmir wrote: »Then I would expect RBS to be highly profitable considering its overseas exposure.
well I was referring to assets rather than profits and in any event I have no specific knowledge of RBS debts / assets or profits but if you have please share them0 -
The only asset the UK has is the labour of its people, they will be flogged to death to produce the fiscal investment required to service the ficticious debt.
Its all part of the same scam.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
when dealing with total country debt one must be be aware that some of this debt is backed by assets. that is the UK invests in overseas countries.
Don't mention the assets - they're the thing that will be quietly stripped for profit whilst the talking heads wail about their made up debt number.0 -
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Thrugelmir wrote: »Little point in owning assets if there not generating a return, as the sale of good NR demonstrates.
You mean like Gold
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Thrugelmir wrote: »Little point in owning assets if there not generating a return, as the sale of good NR demonstrates.
rediculous
what possible point are you making
it's a state of the bleeding obvious
surely it's obvious that knowing only the debts is only half the story
whether assets generate profits is an interest but different story
many peolpe's houses generate no profits so not worth having?0 -
I take it aggregate debt is not net debt. The thing about aggregate debt is you can have money trasnferred between many different people which multiplies the number of times that debt is counted on aggregate. But the net debt would be much smaller.
For example when I deposit £6k in a bank, im loaning them £6k. They then loan this to someone else, so aggregate debt for the UK is £12k, but net debt is 0.
With fractional banking isn't that multiplier closer to aggregate debt of £60k?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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