found - or lost £31billion
james36armstrong at hotmail.com
Tue Dec 28 20:07:19 GMT 2010
Just found this figure for the debt interest to fund government spending.- £31bn.
For comparison the total budgeted government spending is £670bn. so thats just below 5%
of our budget.
If we started to-day to give back to future generations what we have borrowed
from them we would bless them.
A policy of using real money - issuing it responsibly to ourselves when we need it
and not borrowing from the bond market. would cut this annual £1,500 charge
on each UK household. Its time we as a nation, grew up.
Britain , because it has integrity in spades, is best placed to initiate this inflation resistant ,
speculator resistant , monetary system.
The bond market would not like it. Makes me think that one reason for the present
debt based money system is not that it is rational, or that it is optimum, but exists in order to
feed the internatiional bankers in the City of London.
HMG has a record going back to the thirteenth century of borrowing huge amounts from the Fuggers.
In other words 'our' government is the milk-maid, the tax-payers the milch cow and the bond market
and international bankers farm our taxes.
Maybe thats why a working member of Rothschild's board sits in on Cabinet meetings- I kid you not.
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