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Executive Sadman

Foreign Exchange Reserves

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I was thinking Public debt as a % of GDP owed is pretty much irrelevant until considered in the context of debts % of GDP owned. Interest payable vs. Interest recieved.

Anyway, both us and the USA look quite pathetic.

Countries like Turkey, Denmark, Algeria and Thailand have more reserves than us.

http://en.wikipedia.org/wiki/List_of_countries_by_foreign_exchange_reserves

So, we owe about £1trillion (plus the rest), but its OK, our govt has £69 billion in foreign investments.

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Its irrelevant until its called in, if ever

I was thinking Public debt as a % of GDP owed is pretty much irrelevant until considered in the context of debts % of GDP owned. Interest payable vs. Interest recieved.

Anyway, both us and the USA look quite pathetic.

Countries like Turkey, Denmark, Algeria and Thailand have more reserves than us.

http://en.wikipedia.org/wiki/List_of_countries_by_foreign_exchange_reserves

So, we owe about £1trillion (plus the rest), but its OK, our govt has £69 billion in foreign investments.

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Its irrelevant until its called in, if ever

It is a highly dangerous amount of national debt to hold because if IR's were to rise significantly world wide or just in the market for our debt, then it is not even servicable let alone repayable. Just as worrying, we have a structual deficit of £155bn pa which adds £15-20bn per month to this incredible sum.

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  • 142 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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