Close

Results 1 to 8 of 8
  1. #1
    DF PiMP billynoguts's Avatar
    Join Date
    Dec 2007
    Location
    Hull
    Posts
    373
    Thanks
    83
    Thanked:        145
    Karma Level
    181

    Question Anyone answer this?

    Just a thought...... I was listening to the Autumn budget bollocks today and the usual national debt figure was mentioned briefly. My question is this.... who do we borrow money from in the first place as the banks have been bailed out and our great leaders talk about the world recession all the time. If all countries are feeling the pinch where does the money come from to help out our shit?

  2. #2
    DF PiMP pmg68's Avatar
    Join Date
    Dec 2003
    Location
    Dunstable
    Posts
    256
    Thanks
    83
    Thanked:        37
    Karma Level
    223

    Default Re: Anyone answer this?

    Pension Funds

  3. #3
    DF Wh0re ancojo's Avatar
    Join Date
    May 2014
    Location
    UK
    Posts
    142
    Thanks
    86
    Thanked:        30
    Karma Level
    85

    Default Re: Anyone answer this?

    Printing machines!

  4. #4
    VIP Member CzarJunkie's Avatar
    Join Date
    Jun 2001
    Location
    Atlantis
    Posts
    13,711
    Thanks
    837
    Thanked:        3,244
    Karma Level
    2197

    Default Re: Anyone answer this?

    [Only registered and activated users can see links. ]

    2 Thanks given to CzarJunkie

    ant3b (4th December 2014), billynoguts (4th December 2014) 


  5. #5
    DF PiMP billynoguts's Avatar
    Join Date
    Dec 2007
    Location
    Hull
    Posts
    373
    Thanks
    83
    Thanked:        145
    Karma Level
    181

    Default Re: Anyone answer this?

    If its pension funds doesn't that make them worthless as they can't possibly cover the huge debt?

  6. #6
    DF PiMP billynoguts's Avatar
    Join Date
    Dec 2007
    Location
    Hull
    Posts
    373
    Thanks
    83
    Thanked:        145
    Karma Level
    181

    Default Re: Anyone answer this?

    Quote Originally Posted by CzarJunkie View Post
    [Only registered and activated users can see links. ]

    Fuck me.....what a web of utter bullshit! It all looks to me that a Hugh bubble of debt has been created an it will be impossible to bring down. No wonder poor Ozzy doesn't have a clue either!

  7. #7
    DF Super Moderator
    DejaVu's Avatar
    Join Date
    Nov 2005
    Location
    Suffolk
    Posts
    9,136
    Thanks
    1,865
    Thanked:        4,067
    Karma Level
    991

    Default Re: Anyone answer this?

    Love this bit -
    Since 2009, the Bank of England has used electronically created money to purchase government bonds.
    Sounds like that's from thin air to me.


  8. #8
    DF Jedi blacksheep's Avatar
    Join Date
    Jun 2006
    Location
    Manchester
    Posts
    3,877
    Thanks
    87
    Thanked:        265
    Karma Level
    514

    Default Re: Anyone answer this?

    Government bonds t bills are the us equivalent ours are gilts. China holds a lot of the debt, in fact if they cashed everything in they would bankrupt the U.S.

Similar Threads

  1. How would you answer these?
    By CallmeGoose in forum Job Centre
    Replies: 38
    Last Post: 6th March 2013, 06:37 PM
  2. Replies: 2
    Last Post: 14th August 2007, 11:50 AM
  3. WWE or is sky the answer?
    By johndigital in forum Digital Satellite TV
    Replies: 7
    Last Post: 21st February 2006, 01:32 AM
  4. Please answer this!
    By passion4plex in forum The Dog and Duck
    Replies: 11
    Last Post: 4th February 2005, 10:04 PM
  5. Can someone tell me the answer...plz ?
    By beekae in forum The Dog and Duck
    Replies: 4
    Last Post: 6th March 2003, 09:49 PM

Social Networking Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •