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Debt in Many Forms

Debt in Many Forms

There our numerous types of debt and since the collapse of the global economy we have all become so much more familiar with the subject.

Read more
Currency Collapse

Currency Collapse

Many of the Britain's biggest 'customers' are pension funds and foreign banks and they only invest in the safest 'Triple-A' bonds. Recently we have seen many countries lose their triple A rating, we have to hope that this does not happen

Read more
Escaping Debt

Escaping Debt

It would appear that running away and moving abroad to escape debt seems to have become more common place in recent years. Many with failed businesses or debts believe that by moving abroad they can have a fresh start and start over agai

Read more
Foreign Debtors

Foreign Debtors

For those in debt note that the resources available to creditors to enable a a debtor to be traced are vast. There are many ways and means of finding people which becomes doubly true once the creditor has an idea of where the debtor h

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A country drowning in debt - How has this happened?

 

This is simply explained, the UK government each year runs a large budget deficit. In basic terms the government spends more money than it receives in tax, each year the government attempts to fill this gap by selling bonds to investors both at home and overseas. Gilts, as the bonds are known, have to be repaid in full with added interest.

 

Britain's unpaid loans make up the UK's national debt and at present the country's debt is growing rapidly at unprecedented levels. Historically, our debt burden became large after the second world war. Money was borrowed but regrettably wasn't invested wisely this meant the government wound up borrowing even more. Unfortunately when a government runs up huge debts the public ends up shouldering the burden. This year that burden is set to increase by around £170 billion.

 

Most are aware that the state has been wasting public money for decades. The government and it's waste of space politicians have bribed the public to vote for their parties with borrowed cash and empty promises. Public spending has created much of the problem with poor judgement leading to wanton wastage with no consequence to it's ludicrous spending - £130,000 on mineral water for meetings at one council office alone. Interest payments alone are more than is spent on defence and education.

 

The public are left holding the bag as the national debt is set to become a millstone round our future generations necks and they won't thank the present generation for that, and who will blame them?

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    Latest news

    Debt in Many Forms

    There our numerous types of debt and since the collapse of the global economy we have all become so much more familiar with the subject....Read more

    Currency Collapse

    Many of the Britain's biggest 'customers' are pension funds and foreign banks and they only invest in the safest 'Triple-A' bonds. Recently we have seen many countries lose their triple A rating, we have to hope that this does not happen...Read more

    Escaping Debt

    It would appear that running away and moving abroad to escape debt seems to have become more common place in recent years. Many with failed businesses or debts believe that by moving abroad they can have a fresh start and start over agai...Read more

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