Money, money. money, it's all so funny...
Anyone for a bit of borrowing? Borrowing cash that is. Well, with Christmas around the door a few grand would be welcome? Yes, but I just read in a daily newspaper that this, our beloved country is in deep, deep debt. In fact the total debt stands at £5.1 trillion! That is £2 trillion of the national debt (government) and the rest represents borrowing by households and companies. Not bad eh? And moreover this debt is allegedly going up to over £6 trillion (£6,000,000,000,000) by 2023. It is a rather interesting thought but who lent us that sort of money? Where does it all come from? The banks lend cash and with rich people/or organisations like pension funds buy silver/gold gilts (the government issued bonds) but that surely is still not enough to cover such a debt? So, it seems that a second grand economic finance collapse is just around the corner. A day of reckoning. That will bankrupt quite a number of people I suppose. The various governments, except the UK’s government, of the...