09-14-2020, 04:07 PM
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?
who owes this money and to whom is it owed?
The National Debt
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09-14-2020, 04:07 PM
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?
09-14-2020, 05:23 PM
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
09-14-2020, 07:37 PM
(This post was last modified: 09-14-2020, 07:39 PM by Baggybenny.)
09-15-2020, 08:08 AM
(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 - 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... (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 - 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
09-15-2020, 02:21 PM
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!
09-15-2020, 06:23 PM
Erm. We own a lot of it in our pensions guys.
09-18-2020, 10:21 AM
09-18-2020, 10:59 AM
09-18-2020, 10:59 AM
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