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Britons Borrow To Pay Bills

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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.

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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.

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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.

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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

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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

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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.

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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

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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

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  • 311 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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