Arbtalk 2015 General Election Poll

[Two Acres]

The National Debt.

 

Who do we owe it to?

 

 

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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.

[Mark Bolam]

Shame it's not a country.

We could have a war with them and write it off.

 

I was hoping it would be someone like Switzerland.

 

 

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[Two Acres]

Shame it's not a country.

We could have a war with them and write it off.

 

I was hoping it would be someone like Switzerland.

 

 

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75% will be owed to financial institutions and foreign governments - I expect the Swiss will have a slice of the cake I'd reckon a war would just increase the debt myself, whats a warplane cost 40 million or something? Could get very good expensive unless they were a bunch of real pussies

[skyhuck]

75% will be owed to financial institutions and foreign governments - I expect the Swiss will have a slice of the cake I'd reckon a war would just increase the debt myself, whats a warplane cost 40 million or something? Could get very good expensive unless they were a bunch of real pussies

 

The financial institutions are still only using peoples money, pensions etc.

 

Where do you get the information about the bank of england owning part of the debt???

[Two Acres]

The financial institutions are still only using peoples money, pensions etc.

 

Where do you get the information about the bank of england owning part of the debt???

 

From the Bank of England Skyhuck. I'll try to find it for you later, knackered now and turning in to be honest. If you Google it you may find it. The Bank have a report about QE that explains it. All the Best

[Two Acres]

The financial institutions are still only using peoples money, pensions etc.

 

Where do you get the information about the bank of england owning part of the debt???

 

Ok, bankofengland.co.uk

 

Monetary policy

 

What is Quantative Easing

 

PDF file at the bottom of the page titled ' The United Kingdoms Quantative Easing Policy: design, operation and ipact'

 

That explains all

 

If I knew how to operate this blinking Ipad I'd post you a link to the PDF

 

I'll attempt that tomorrow:001_smile:

[felixthelogchopper]

The National Debt.

 

Who do we owe it to?

 

 

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Is it not Wonga.com?

[Mark Bolam]

As Shane McGowan once so eloquently sang -

'So lend me ten pounds and I'll buy you a drink.....'.

 

It's pretty depressing stuff.

 

 

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[skyhuck]

Is it not Wonga.com?

 

With their interest rates we would be finished!!!!!!!

[felixthelogchopper]

With their interest rates we would be finished!!!!!!!

 

Surely if they had sold us PPI, we could actually get the country back in the black?