Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

£520bn in interest payments to sustain UK govt debt

Recommended Posts

Any country that has to borrow money into existence as interest-bearing debt is always going to face this problem, unless its leaders can demand more taxes from its populace - which in the UK it can't because only the wealthy have the means to pay more tax and they certainly aren't going to be stumping up any time soon.

This is why countries atrophy and die - they get strangled in the financiers' clammy debt grip. The takers have well and truly replaced the makers.Japan has been corpulent for three decades now - and they've got a much larger manufacturing base than we have, so theoretically more wealth-generating productive capacity.

We are cattle-trucked I'm afraid. About to become another post-colonial footnote.

Meanwhile, in China...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 407 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.