The National Debt
#1
Genuine question.  3 trillion pounds  that's £1,000,000,000,000 I just googled it - 

who owes this money and to whom is it owed?
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#2
Private businesses that buy bonds and gilts.

Foreign investors who buy bonds and gilts.

The Bank of England, which is the largest single holder of UK debt
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#3
(09-14-2020, 04:07 PM)igorbalis Wrote: Genuine question.  3 trillion pounds  that's £1,000,000,000,000 I just googled it - 

who owes this money and to whom is it owed?

No, It is not !!   That figure represents One Trillion
Surprise Gold Boy didn't spot that.
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#4
(09-14-2020, 07:37 PM)Baggybenny Wrote:
(09-14-2020, 04:07 PM)igorbalis Wrote: Genuine question.  3 trillion pounds  that's £1,000,000,000,000 I just googled it - 

who owes this money and to whom is it owed?

No, It is not !!   That figure represents One Trillion
Surprise Gold Boy didn't spot that.



3 million million - its mind blowing when you stop and think about it, 

so the Bank of England owes this money correct?

that a lot of gold bars, and didn't we sell all of ours?

1 400 oz gold bar = £500,000 (approx)  some else will have to do the maths...
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#5
(09-15-2020, 08:08 AM)igorbalis Wrote:
(09-14-2020, 07:37 PM)Baggybenny Wrote:
(09-14-2020, 04:07 PM)igorbalis Wrote: Genuine question.  3 trillion pounds  that's £1,000,000,000,000 I just googled it - 

who owes this money and to whom is it owed?

No, It is not !!   That figure represents One Trillion
Surprise Gold Boy didn't spot that.



3 million million - its mind blowing when you stop and think about it, 

so the Bank of England owes this money correct?

that a lot of gold bars, and didn't we sell all of ours?

1 400 oz gold bar = £500,000 (approx)  some else will have to do the maths...

You're thinking of money as something that is actually real.

Money now has no relationship whatsoever to gold or anything else, it is created by banks

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#6
To think that all these individuals and foreign investors trust our govt to pay them back but we don't trust our govt to deliver a short press conference!
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#7
Erm. We own a lot of it in our pensions guys.
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#8
(09-15-2020, 06:23 PM)Protheroe Wrote: Erm. We own a lot of it in our pensions guys.

What's this "we" and "pensions" bit?
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#9
(09-18-2020, 10:21 AM)Brentbaggie Wrote:
(09-15-2020, 06:23 PM)Protheroe Wrote: Erm. We own a lot of it in our pensions guys.

What's this "we" and "pensions" bit?

Anybody who has a pension. If you're working you ought to be auto-enrolled.
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#10
(09-18-2020, 10:21 AM)Brentbaggie Wrote:
(09-15-2020, 06:23 PM)Protheroe Wrote: Erm. We own a lot of it in our pensions guys.

What's this "we" and "pensions" bit?

LOL he's on about himself and those blokes that bought Rover!
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