Britains Trillion Pound Horror - Channel 4

[AlfredJPruffock]

Then next time invade a country for oil we better make dam sure we actually get some.

... you mean we invaded the wrong country ???

Jings !

[alreadypacked]

Bond holders.

China

[alreadypacked]

Thanks GL.

If it is the Bond Holders - then why not simply write off the Trillion debt by saying 'Tough Luck Old Bean - your Bond is now junk'.

If they dont like it - then how many tanks do the Bond Holders have ?

"The PLA is the world's largest military force, with approximately 3 million members"

People's Liberation Army - Wikipedia, the free encyclopedia

[AlfredJPruffock]

"The PLA is the world's largest military force, with approximately 3 million members"

People's Liberation Army - Wikipedia, the free encyclopedia

Well if you cant beat them - Comrades .... so we are the mercy of a Communust Country and all this debt repayment is going ultimately to Chinese Bond Holders ... there you have it.


But if you carrying pictures of Chairman Mao
You aint going to make it with anyone - anyhow

[TykeMerc]

Bolton is like that. So people just go the the Trafford Centre instead. And now Bolton town centre is dead. We travel to the next town because parking is free, and where live its all restricted with silly pay and display machines. Some charging £2 for 1 hour, when I only need 20min.

Halifax is much the same.

There used to be plenty of on street free parking around the town which while not booming used to be doing ok. The parking nera the centre was 1 hour max, a bit further out 2 hours, so it was practical to nip into town to get a few things.

Some rabidly anti car biddy (who apparently had never driven) was appointed to lead the traffic strategy for the town, the parking was halved, pay and display machines installed and a few of the road layouts changed so that getting into the town centre was more difficult, they also employed a squadron of parking vultures who ticket like mad. At the same time the Council which owns most of the town centre shoved the rents and rates sky high.
Nett effect loads of empty shops, number of shops occupied by Charity organisations increased significantly and the town centre is dead. People drive to the White Rose in Leeds, Trafford Centre in Manchester (80 mile round trip) or Meadowhall in Sheffield (100 mile round trip) rather than head into the Halifax town centre.

[scooterscot]

A country borrowing cash is actually good in some respects. There will be a demand for the currency and it is a chosen method of long term borrowing to finance solid infrastructure projects.

How does borrowing generate wealth for the country?

I thought borrowing is what happens when you cannot afford something?

[MarillionFan]

How does borrowing generate wealth for the country?

I thought borrowing is what happens when you cannot afford something?

Not necessarily. I borrow money when the cost of borrowing is less than the amount I can invest it for. Therefore generates wealth.

[Ruprect]

Oh do enlighten us Oh great guru.

I don't profess to be an economist, though I do have a degree in it

Some things that haven't been considered here are:

- foreign trade ("just default on the debt everything'll be fine" - right-o matey)
- the laffer curve
- types of money and the effect of governments altering the supply of money (and when to do it)
- sovereign debt

etc etc.

far be it for me to suggest that you professionals stop though.

[GreenLabel]

I don't profess to be an economist, though I do have a degree in it

Some things that haven't been considered here are:

- foreign trade ("just default on the debt everything'll be fine" - right-o matey)
- the laffer curve
- types of money and the effect of governments altering the supply of money (and when to do it)
- sovereign debt

etc etc.

far be it for me to suggest that you professionals stop though.

Translation:

"No one here knows what they're talking about. I do, and to prove it, here are some words I found using a search engine."

[suityou01]

Translation:

"No one here knows what they're talking about. I do, and to prove it, here are some words I found using a search engine."

Bitchy, but fair. And funny.

I watched half an hour of it, found it really patronising and turned it off.
Until the debt bites, no one will really care. What my limited brain tells me is that if things carry on we are likely to default, which we have done before, and survived.

Don't worry, be happy.