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A simple question about debt.
Comments
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Like I said, we could probably clear the UK deficit overnight (without any effect on the savings of you and me).
TruckerT
You would certainly screw over a load of pension funds who are invested in those companies.
Ditto for any regular savings which by the banks in those companies.
Not to mention that the combined total of the list doesn't even come close to filling the deficit (120 billion), let alone the debt..0 -
Thrugelmir wrote: »On the basis that this was idle cash sloshing about. Some £55bn.
UK mortgage debt is £1,200bn.
UK Government Debt is now over a £1,000bn
Gives the figures some context.You would certainly screw over a load of pension funds who are invested in those companies.
Ditto for any regular savings which by the banks in those companies.
Not to mention that the combined total of the list doesn't even come close to filling the deficit (120 billion), let alone the debt..
The list of bank deposits was incomplete (check out the etc etc...).
And I don't understand why people who are struggling with cuts in the welfare budget should be expected to concern themselves with the problems facing company pension schemes.
TruckerTAccording to Clapton, I am a totally ignorant idiot.0 -
No one ... with fractional reserve banking system, money are created out of thin air. We've also long past gold (or silver) standard with the adoption of Fiat currency.
Debt are repaid in the prospect of future earning (or productivity), it's not someone (fully) someone else's deposit that back the debt issued by a bank.0 -
The list of bank deposits was incomplete (check out the etc etc...).
And I don't understand why people who are struggling with cuts in the welfare budget should be expected to concern themselves with the problems facing company pension schemes.
TruckerT
so a price worth paying is to let pensioners starve, stop all investment for the future, cut jobs: seems like one of your better ideas0
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