Anyone answer this?

[billynoguts]

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?

[pmg68]

Pension Funds

[ancojo]

Printing machines!

[CzarJunkie]

http://www.economicshelp.org/blog/62...ernment-money/

[billynoguts]

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

[billynoguts]

http://www.economicshelp.org/blog/62...ernment-money/

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!

[DejaVu]

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.

[blacksheep]

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.