CorkerSWFC Posted November 6, 2012 Share Posted November 6, 2012 The world is £4 trillion in debt. Just exactly which planet do we owe it to? Link to comment Share on other sites More sharing options...
Vague_Boy Posted November 6, 2012 Share Posted November 6, 2012 The world is £4 trillion in debt. Just exactly which planet do we owe it to? Ferenginar? Link to comment Share on other sites More sharing options...
andyofborg Posted November 6, 2012 Share Posted November 6, 2012 The world is £4 trillion in debt. Just exactly which planet do we owe it to? you owe it to the borg collective and we want it back! Link to comment Share on other sites More sharing options...
CorkerSWFC Posted November 6, 2012 Author Share Posted November 6, 2012 Ferenginar? That's it sorted then all we need is there direct debit code and we are laughing HAPPY DAY'S Link to comment Share on other sites More sharing options...
CorkerSWFC Posted November 6, 2012 Author Share Posted November 6, 2012 you owe it to the borg collective and we want it back! I've heard it was Henman but what do I know Link to comment Share on other sites More sharing options...
Vague_Boy Posted November 6, 2012 Share Posted November 6, 2012 That's it sorted then all we need is there direct debit code and we are laughing HAPPY DAY'S I dunno, those guys drive hard bargains. We probably now owe £4.5 trillion. If we give them our women and our gold, they may call it quits. Link to comment Share on other sites More sharing options...
epiphany Posted November 6, 2012 Share Posted November 6, 2012 We owe it to the institutions that created it based on a licencing privilege granted to them by our states. When a bank makes a loan it charges interest. It stands to reason that if the majority of the world's money supply is loaned into existence by commercial banks, which it is, then how will we ever have enough money to repay principal + interest if only the principal is borrowed? We will have to continuously borrow more interest laden credit to cover the interest repayments on the existing loans. Even if we borrowed cautiously, it's the very system (literally, a debt-based monetary system) that ensures we remain in this never ending cycle of borrowing. That's why banks spend millions every year lobbying their parliaments and congresses to uphold this shoddy, unsustainable system that works in their interests. The question is, can it be written off, and at what cost (clue: assets)? Link to comment Share on other sites More sharing options...
maxmaximus Posted November 6, 2012 Share Posted November 6, 2012 The world is £4 trillion in debt. Just exactly which planet do we owe it to? They owe me some of it. Link to comment Share on other sites More sharing options...
Halibut Posted November 6, 2012 Share Posted November 6, 2012 They owe me some of it. Another one who thinks the world owes him a living. Link to comment Share on other sites More sharing options...
gnvqsos Posted November 6, 2012 Share Posted November 6, 2012 The world is £4 trillion in debt. Just exactly which planet do we owe it to? The Chinese and Russian oligarchs,and the SWFC trophy cabinet,now pawned. Link to comment Share on other sites More sharing options...
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