UK National Debt | Forums

[rlmergeuser]

With all the austerity marches going on around europe today i thought id post this link and hopefully wake more peeps up to the fact that the uk will also end up on the **** list if nothing is done about it.

http://www.debtbombshell.com/

Imo the whole system is 1 big con .....

Imagine if you start with 0 stones and then borrow 10 stones with an interest rate of 10%, when u pay the 10 stones back you will need to borrow again to pay back the extra 1 stone (10%) .... This process is repeated over and over as you will never have enough stones to repay the interest as you started with 0.

This is the banking system world wide and that is why any nations debt with never be resolved anywhere unless the debt is canceled (that will never happen as the side that is owed essentially, loses out)

Posting this wont achieve much, but hopefully it will inform them, it`ll get them talking and maybe one day this farce will get resolved!

[k2nph]

hi LGC, just had to say you get the prize for the most random (if informative) thread on here.

[Morfyboy]

wow...that beats me hands down L.G.

[k2nph]

@ morf: are you following me???

[Morfyboy]

no.....your just in front of me..

[rlmergeuser]

With all the austerity marches going on around europe today i thought id post this link and hopefully wake more peeps up to the fact that the uk will also end up on the **** list if nothing is done about it.

http://www.debtbombshell.com/

Imo the whole system is 1 big con .....

Imagine if you start with 0 stones and then borrow 10 stones with an interest rate of 10%, when u pay the 10 stones back you will need to borrow again to pay back the extra 1 stone (10%) .... This process is repeated over and over as you will never have enough stones to repay the interest as you started with 0.

This is the banking system world wide and that is why any nations debt with never be resolved anywhere unless the debt is canceled (that will never happen as the side that is owed essentially, loses out)

Posting this wont achieve much, but hopefully it will inform them, it`ll get them talking and maybe one day this farce will get resolved!

Are we going on to the stone stardard
Nah sort of if i loaned some realy dodgey looking geezer 1000 dollars or pounds or eh stones and he didn't pay me back you wouldn't expect the goverment to under right that debt well not unless your a bank cause thats what we did we under wrote toxic debt to people who were obviously never ever going to pay it back. basically we gave the banks all our money now the goverment is making money out of thin air to give to the banks who in theory will buy govement bonds "an IOU of money in 10 0r 20 year time hmmmmmm. this quantative easing devalues the money you or i have in our pockets. Rich people are insulated from this cause they can put money into assets like precious metals, fuel or property these days food is allso been traded as an asset. As currency devalues assets increase in price not good when u need food or fuel to keep warm and your skint.
Allso check out my new track "ULTIMATE SKILLZ v3" skill game released 24/11/2012
Keeping it relevent whilst plugging my track the golds quite easy but the platinum is a bit of a challenge http://www.youtube.com/watch?v=87HVe...ature=youtu.be

[rlmergeuser]

@ morf: are you following me???

"lonelyyyyy.......i am so lonelyyyyyy........i have nobodyyyyyy"

[A7XfoREVer531]

lol the US is at 16.3 trillion and increasing 4 billion a day!

[rlmergeuser]

lol the US is at 16.3 trillion and increasing 4 billion a day!

Awwww

[rlmergeuser]

hi LGC, just had to say you get the prize for the most random (if informative) thread on here.

lol gd gd .... me likes to be randoms