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I lend MF a £1, MF lends Suity that £1, Suity lends AtW that £1.
£1 of money was created, £3 of debt now exists.
AtW thinks he is owed £7on the basis that if he had lent rather than borrowed that is the amount he would have been owed. The fact that none of this actually happened is irrelevant.
I remember the news and shock when the £1 trillion mark was passed. Now we're at £1.7trillion.
Debt is 90.6% to GDP.
The Tory's have more than doubled the debt and taken us out of the EU on a whim of misinformation. Absolutely maddening. And yet they continue to dance in the limelight with the conviction and authority of Horatio Nelson.
The true enemy of the realm laid bare before us and we apparently love it. Tears are not enough.
The only thing coming out of a black hole inside the event horizon is Hawking radiation.
Not quite.
Hawking radiation comes into being AT the event horizon. It is where a particle and an anti-particle pop into being from the quantum vacuum, and on of the particles drops into the event horizon (never to return) and the other escapes as Hawking radiation.
I'm paraphrasing. I don't understand quantum mechanics.
Anyone who thinks they do understand really misunderstands it.
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