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House Price Crash Forum

£520bn in interest payments to sustain UK govt debt

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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...

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