Borrowing by the UK and Eurozone countries
 

I know there must be a complicated system of borrowing by the UK and most countries in the world but here's a simple question hoping I don't appear dumb....who do we "borrow" this money from and who do we have to pay back our debts too?..is there a wharehouse full of cash somewhere in the world?
Spain has just been loaned 100 billion to prop up failing banks.. the UK has given (not loaned) untold billions to prop up British banks...if the banks are so skint how can they be lending money to the government?..:confused:

Re: Borrowing by the UK and Eurozone countries
 

I think the problem is not the paying back of the debts -no-one knows who they are as there are specialists/speculators who buy up debts - it's the paying off of the interest which is the hard part! The debt never actually gets reduced at all.

Michael Moore has produced some good documentaries about this and others...it's all beyond most ordinary mortals comprehension. Luckily i can manage my household accounts and not end up in debt as I have an old-fashioned system where i only buy what i can afford -i think the world monetary fund and banks in general need a few canny housewives to sort out the mess - not austerity but sensible use of available funds. :D

Re: Borrowing by the UK and Eurozone countries
 

Just taken a qoute from that and thanks Mobertol
I know the speculators pick and choose certain currencies to move on but on the sheer amounts of money involved these "speculators" cannot be individuals, they must be massive financial institutions and to me that means they are banks or backed by banks... so we come full circle.. how can the banks speculate or lend billions to governments and then need to be bailed out?

Re: Borrowing by the UK and Eurozone countries
 

Always suspected myself that this is "Bin Laden and co.'s" revenge on the West...who knows.

It's ending up in someone's pockets, though much of the "money" is virtual and not real and it is inflated in value beyond belief.

Re: Borrowing by the UK and Eurozone countries
 

Have had this very thing explained to me in great detail today= Its like a bunch of drunks,on a bender,Simply a case of,who falls down next, Where the money comes from= There all too rat arsed to care.:D

Re: Borrowing by the UK and Eurozone countries
 

In oblivion -you scratch my back and I'll....;):D

Re: Borrowing by the UK and Eurozone countries
 

Maybe it boils down to the old saying...If you owe the bank £500 quid you worrry.. if you owe the bank £5 million quid they worry. :D

Re: Borrowing by the UK and Eurozone countries
 

One thing the mortgage lenders were doing is selling mortgages. So they give mortgages to thousands of people who were living beyond their means, the company would then sell those mortgages/debts to another bank. That bank bought them to make more profit. That's how they got in so much debt as they were just adding so much compound interest - very complicated though.

Another thing is that Governments like Greece issue bonds then lend money against those bonds and find they can't pay the interest they were then lending more money to pay the interest and so on - they then have to cut jobs to try and make the money back - thus they end up in a vicious cycle. They then have to borrow more money to be bailed out and so on. Fact is there are some banks who have more money to keep lending if need be, but it's all virtual money - on computers. The whole thing is mind boggling..

Re: Borrowing by the UK and Eurozone countries
 

It is a big Ponzi scam controlled by Rothschild.

Re: Borrowing by the UK and Eurozone countries
 

Rothschild wouldn't be daft enough to get financially involved in this shambles

Re: Borrowing by the UK and Eurozone countries
 

He caused it and is super rich because of it - I agree he is not stupid - just evil and greedy for power.

http://www.youtube.com/watch?v=J7SKZMpDRrM

Re: Borrowing by the UK and Eurozone countries
 

Excellent post Margaret ;) - the Rothschilds want a one European state rulled by one government - that's what all this trouble in Greece and Spain is about.:rolleyes:



13 Bloodlines of The Illuminati

Re: Borrowing by the UK and Eurozone countries
 

More info about the Rothschild dynasty

How The Rothschild Family controled the Modern World - YouTube

Re: Borrowing by the UK and Eurozone countries
 

Top marks for that Margaret - that video is truth, and the truth shall set you free! :hehetable

"Give me control of a nation's money and I care not who makes the laws."
Mayer Amschel Rothschild

"I care not what puppet is placed on the throne of England to rule the Empire, ...The man that controls Britain's money supply controls the British Empire. And I control the money supply."
Baron Nathan Mayer Rothschild.

The Royal Family are just puppets! So these people today are controlling what our governments do and what the EU does etc etc...they control it by controlling the money.

Re: Borrowing by the UK and Eurozone countries
 

Same old kak.. the Bank of England giving cash to the banks..I'll say it again this is the laziest government in UK history.. they look no further than cuts and hope it all turns out well.. typical Tories !BBC News - Bank shares jump on new business support plans

Re: Borrowing by the UK and Eurozone countries
 

Nathan Rothschild lost a libel case this year against being called a "puppet master"...

The Swiss-based hedge-fund manager had launched a libel battle against the Daily Mail over his trips to Moscow and Siberia with Lord (then Mr) Mandelson and a Russian oligarch.
He claimed an article painted him as a ‘puppet-master’ willing to exploit his friendship with the former Labour spin doctor to impress his business associate, metals magnate Oleg Deripaska.
But he lost the case, and photographs of him, Lord Mandelson and Deripaska at an aluminium smelting plant, were ruled by the judge, along with other evidence, to disprove Rothschild's claim that the visit has no business-related purpose.



Victory for Daily Mail as Banker Nathaniel Rothschild loses libel action over Lord Mandelson meeting report | Mail Online