Just in case you thought everything was great then you have not heard the latest wonderful news from the US? Their debt ceiling might have to be £30+ trillion dollars? Eh? That is thirty million million million dollars. Excuse me, who is running that show? $30,000,000,000,000,000,000 debt. Well, that puts my own debt with the bank in some perspective. Just wondering what the US banks charge for all of that? It’s just mind boggling. What is more worrying is this – when such a ceiling will collapse, as it will, then what? We are always talking about how wonderful it is to live in a free world but is it really free when we are shackled by such debt? It is not just the US, Europe is just the same, in fact all countries seem to be burdened with debt. So, a good question to ask is who pays for all of that? Well, in a way it is you and me. We might save some money in some sort of a savings account (if we are lucky!) and the savings banks and others will invest that in government bonds hooveri...
Comments
Post a Comment