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Topic History of: Plagues
Max. showing the last 5 posts - (Last post first)
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Barney |
Like the USA - the UK borrows for everything, as its annual Profit and Loss Account is usually negative.
A profit was last generated by Blair/Brown - and, by the Tories, in the days of Margaret Thatcher.
Consequently, we are constantly borrowing on our future.
Which, after recessions and viruses, is uncertain.
Interest rates though are becoming negative (you pay back less than you borrow) - so the spiral will continue, indefinitely...
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Barney |
wyot wrote:
Struggling to see how US increasing its debt burden is a sign of economic health Barney. And when will you acknowledge that economic misery leads to human misery, and deaths.
Yes, the increasing debt of many countries is concerning. Take the UK, for instance.
Twenty years ago, our National Debt was about £400 billion - not it's 6 times that!
Largely because of the costs of the welfare state (pensions, NHS etc.) and because budget surpluses are rare.
In addition, the banks had to be bailed out, nuclear aircraft carriers are being built and coronavirus needed to be fought.
Our National Debt is here for good - on which we paid about £1 billion a week, in interest. Soon - it'll be twice that.
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Honey |
Barney wrote:
Yes Honey, the simple things have become difficult. Even getting a pint - I had to endure the following:-
- have you sanitised your hands?
- can you stand in front of the screen please
- full name and contact details please
- where will you be sitting?
- what would you like to drink?
- cash or card?
- your drink will be brought to your table
There were other exchanges - and the drink came over 5 minutes later, in a virtually empty pub.
Next time - I'll probably drink at home, as half the country appears to be doing at the moment.
I dont know if this is common, but I saw one pub with a book for everyone to write their details in, with a pen attached by a string, and no antibac in sight.
I'm sure people were in less danger beforehand. |
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wyot |
Barney wrote:
Economic ruin?
On extremely favourable terms, the world is queuing up to lend money to the USA.
But round 70% of their debt is American - around $19 trillion.
The other $2t is provided by China and Japan - who are just waiting to be asked for more!
With more infections and deaths than anywhere else - financial problems are the least of the current US problems.
Struggling to see how US increasing its debt burden is a sign of economic health Barney. And when will you acknowledge that economic misery leads to human misery, and deaths.
Those arguing that the economy needs to be prioritised over mass lockdowns have the intelligence to see this; and the genuine concern for humanity to care enough to keep banging on about it -despite the robotic platitudes they face in response... |
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Barney |
Yes Honey, the simple things have become difficult. Even getting a pint - I had to endure the following:-
- have you sanitised your hands?
- can you stand in front of the screen please
- full name and contact details please
- where will you be sitting?
- what would you like to drink?
- cash or card?
- your drink will be brought to your table
There were other exchanges - and the drink came over 5 minutes later, in a virtually empty pub.
Next time - I'll probably drink at home, as half the country appears to be doing at the moment.
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