Arbtalk 2015 General Election Poll

[the village idiot]

Who issues the bonds???

 

That would be M.

[Two Acres]

Who issues the bonds???

 

The government Its a great wheeze isn't it

[skyhuck]

No the treasury did that, I'm just making the point that The Bank of England can print money (not always literally, sometimes electronically)

 

The point I think you are missing is that the conspiracy theorists like greengui, believe the banks can simply produce money, if this were true why did they need bailing out by us, the tax payer???

[Two Acres]

That would be M.

 

:lol:

 

I thought it was Q, or was he the gadget man?

[Two Acres]

The point I think you are missing is that the conspiracy theorists like greengui, believe the banks can simply produce money, if this were true why did they need bailing out by us, the tax payer???

 

Oh, I see, I'm with you now.

 

I think Greengui is saying, and I may be wrong here, is that the money supply has been privatised when actually that responsability lies with The Bank of England. In fact a private sector debt has been nationalised so that the UK taxpayer is now paying for the failure of the commercial banks. Of course the bankers are still trousering handsome bonuses, business as usual.

[Mark Bolam]

The National Debt.

 

Who do we owe it to?

 

 

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[skyhuck]

The National Debt.

 

Who do we owe it to?

 

 

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The people who bought government bonds, IE they lent us the money.

[Mark Bolam]

So not a country then?

 

 

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[skyhuck]

So not a country then?

 

 

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No, they are all skint, like us

[Two Acres]

The National Debt.

 

Who do we owe it to?

 

 

Sent from my iPhone using Arbtalk

 

Heres the really intnteresing bit Mark, about 25% is owed to the Bank of England, partly through QE. The Bank is nationalised, so its owned by the government, so effectively its 'owned' by you and I. That means we owe ourseleves 25% of the national debt.

 

And, all the time that the Tories are banging on about how important it is we reduce 'The Deficit' they're increasing the National Debt at regular intervals through QE. Naughty I'd say.