Errol Posted June 20, 2011 Share Posted June 20, 2011 As I've said before, debt is clearly the solution to all our problems. Too much debt? Simply borrow more. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 20, 2011 Share Posted June 20, 2011 As I've said before, debt is clearly the solution to all our problems. Too much debt? Simply borrow more. It's logical really, you already can't make ends meet so why not borrow even more money. It's the debtastic way. If it's good enough for nation states it's good enough for individuals. Considering how debt has driven the economic boom surely this is a clear sign of recovery. Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted June 20, 2011 Share Posted June 20, 2011 It's logical really, you already can't make ends meet so why not borrow even more money. The reason ends cannot be met is obviously the lack of credit. If we give people more credit then ends can easily be met. It's those evil banks again not lending, must be due to the fact they are too busy gaming the money on the stock market. Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted June 20, 2011 Share Posted June 20, 2011 I refuse to borrow to pay bills, that is the point I give up and go on benefits. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted June 20, 2011 Share Posted June 20, 2011 I refuse to borrow to pay bills, that is the point I give up and go on benefits. Alternatively, borrow hit load with no intention of ever paying it back. Banks are encouraging this again with 0% teaser rates on credit cards allowing you to rolll over borrowings at zero cost - maybe use those borrowings for short term coverage of even larger loans / mortgages whilst skimming off as much as you can as you go. Quote Link to comment Share on other sites More sharing options...
piece of paper Posted June 20, 2011 Share Posted June 20, 2011 George Osborne must be delighted by this news. His policies are beginning to show fruits. He wants the economy to grow its way out of trouble whilst reducing government debt. That means that personal debt must grow. It looks like it may go his way. p-o-p Quote Link to comment Share on other sites More sharing options...
athom Posted June 20, 2011 Share Posted June 20, 2011 Alternatively, borrow hit load with no intention of ever paying it back. Banks are encouraging this again with 0% teaser rates on credit cards allowing you to rolll over borrowings at zero cost - maybe use those borrowings for short term coverage of even larger loans / mortgages whilst skimming off as much as you can as you go. I was just going to ask where the hell they are borrowing it from. A quick search - http://www.moneysupermarket.com/credit-cards/ Reminds me of the carefree days of '06 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 20, 2011 Share Posted June 20, 2011 Alternatively, borrow hit load with no intention of ever paying it back. Banks are encouraging this again with 0% teaser rates on credit cards allowing you to rolll over borrowings at zero cost - maybe use those borrowings for short term coverage of even larger loans / mortgages whilst skimming off as much as you can as you go. I'm glad they are back, about to get a new floor for the house and want a 0% purchase card will put the money in an ISA rather than pay it back. Once the 0% period is up pay it off. Might as well scam the bank for once. I think I'll even put a new laptop on it as well. Quote Link to comment Share on other sites More sharing options...
athom Posted June 20, 2011 Share Posted June 20, 2011 I'm glad they are back, about to get a new floor for the house and want a 0% purchase card will put the money in an ISA rather than pay it back. Once the 0% period is up pay it off. Might as well scam the bank for once. I think I'll even put a new laptop on it as well. I bet everyone who does it has just as solid a plan to beat the bank. But it's great isn't it, we'll soon have the borrow and spend economy back on track with these again Quote Link to comment Share on other sites More sharing options...
The Spaniard Posted June 20, 2011 Share Posted June 20, 2011 I trust that everyone on HPC understands that almost all of our means of exchange (broad money) is borrowed into existence at interest from commmercial banks, the bulk of it through domestic mortgages. Collectively, Britons must borrow for there to be trading of anything much at all. It doesn't have to be this way: http://www.positivemoney.org.uk Quote Link to comment Share on other sites More sharing options...
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