Rolluplostinspace wrote:I just answered that
With respect, you didn't.
Rolluplostinspace wrote:I just answered that
Rolluplostinspace wrote:Stooo wrote:Rolluplostinspace wrote:2008 and 8's global debts haven't been dealt with yet and in fact they have been massively added to again and again.
This level f debt is impossible to sustain.
There ae no answers no ways out.
In comes the great reset which I think we all need to start researching and understanding as best we can because the whole global thing will just collapse at some point with the gentlest of nudges.
I reckon despite all the complaints we in the west have lived the dream post WW2.
Every thing has been a breeze.
So much comfort so much excess so much safety and security the very thought of the whole thing crashing around our ears is near impossible to imagine but we really aren't doing anything in a sustainable manner.
When we arrive at a point where lying and deception are brazenly published and encouraged you know the whole thing is rotten on the inside.
The 21st century wasn't supposed to be like this.
Who is the money owed to?
I'm into HSBC on the credit card for a few quid but who is owed this vast and unimaginable sum of money?
I just answered that but to make it simple there's a vicious and massive circle of debt where almost all the debtors I mentioned owe money to each other.
At the end of the day everything is owed to the few at the top of the pyramid which is a handful of banking families.
You don't like answers like that though and start talking about conspiracy theorists.
The money goes forever upward it never comes down.
We do not live in an economically benign world.
It is vicious dishonest selfish and in many areas many times criminal.
We are now at the point where the world is saturated in debt.
We are at the point where there are now no fixes.
We are in a trap.
We are in a death spiral that some may see as mismanagement or a series of mistakes.
I see it as the coming to fruition of well laid plans.
Stooo wrote:Rolluplostinspace wrote:Stooo wrote:Maddog wrote:There is no bright side to run away inflation based on too much debt.
What's the fucking bright side of inflation anywhere?
I guess the bright side is folks may learn about run away debt and spending, but I'm not optimistic.
Debt to who?
The public in the western world and especially so in the US/UK are in record debt for just about everything you can get in debt for so from there it's not difficult t figure out who the public owe.
Then those companies who the public owe are in massive debt to banks and credit houses.
Governments are in debt on a scale that dwarfs anything in history.
They owe pension funds insurance companies banks investment houses and so on.
Some domestic banks will probably collapse this year in Spain Italy Germany because they are
in so much debt and on it goes but who are we in debt too?
I'm in no debt.
As I say, debt to who?
Guest wrote:Private Banks.
They created it out of thin air and will delete it when it's repaid.
Stooo wrote:Guest wrote:Private Banks.
They created it out of thin air and will delete it when it's repaid.
Still nothing
Maddog wrote:Debt, in the case of Treasury notes, bonds and bills is owed to the entity that purchased that government note.
If that entity is a central bank, then it's owed to the central bank. But money created by the central bank isn't considered national debt. That ledger is only for money that the government owes. It could owe it to individuals, corporations, other countries, and increasingly to central banks.
Quantitative easing is a new way to get money back into the economy amd it doesn't need to involve government debt at all. Here in the US, the Fed purchases MBS's (mortgage backed securities) from private banks amd investors. That gives them more money to loan back into the economy. The Fed purchases these securities with money it invented for the sole purpose of stimulating the economy.
But when we say the US hit 30 trillion in debt this week, we don't count things like MBS. Only money our government has borrowed from a myriad of sources.
Rolluplostinspace wrote:Maddog wrote:Debt, in the case of Treasury notes, bonds and bills is owed to the entity that purchased that government note.
If that entity is a central bank, then it's owed to the central bank. But money created by the central bank isn't considered national debt. That ledger is only for money that the government owes. It could owe it to individuals, corporations, other countries, and increasingly to central banks.
Quantitative easing is a new way to get money back into the economy amd it doesn't need to involve government debt at all. Here in the US, the Fed purchases MBS's (mortgage backed securities) from private banks amd investors. That gives them more money to loan back into the economy. The Fed purchases these securities with money it invented for the sole purpose of stimulating the economy.
But when we say the US hit 30 trillion in debt this week, we don't count things like MBS. Only money our government has borrowed from a myriad of sources.
Strange old world.
The American taxpayer is paying the health costs and the pensions of the Chinese people.
Probably others too but China is the main one the biggy.
Bank of England wrote:Fractional reserve lending, where they lend cash they don't have, but take back money you do have.
Bailey said he had a "hard message" for the public.
"We have not raised interest rates today because the economy is roaring away," he told reporters. "An increase in Bank Rate is necessary because it is unlikely that inflation will return to target without it."
Gabby wrote:25p increase on a large Tesco chicken, compared to this time last week!
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