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| Who did the government borrow the money from? | |
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| Tweet Topic Started: May 25 2010, 11:24 PM (87 Views) | |
| Deleted User | May 25 2010, 11:24 PM Post #1 |
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I'm refering to the £156bn deficit. Who lent the money to labour? I've asked this in several places, but nobody seems to know. |
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| ignominius | May 25 2010, 11:39 PM Post #2 |
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Other countries, World Bank . I think I'm right in saying that the government also sold government bonds to raise the cash they needed. It's like using up your life savings when you've just lost your job, to buy that porsche you always dreamed of! |
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| Capt Haddock | May 25 2010, 11:40 PM Post #3 |
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Infidel
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I'm not sure who lent Labour what, but what I do know is labour sold off alll the countries gold reserves and have left us in the s**t. I should imagine Labour left a lot of IOU's to various governements around the world. Given the fact that they just let the Chinese waltz over here and dismantle Rover and ship it lock stock and barrel to the far East, I should imagine somebody wanted repaying....
Edited by Capt Haddock, May 25 2010, 11:54 PM.
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| Blistering Barnacles! | |
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| ignominius | May 25 2010, 11:47 PM Post #4 |
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The government borrowed money. There is a term known as the Government borrowing requirement. It's the amount that the government borrows ever year to cover the short fall in the budget so that they can meet their commitments. When the Tories handed the economy over to Labour, the borrowing requirement was either very small or non-existent, now it's massive and that's why we have to make the major cuts that we do. Part of the problem is the hundreds of quangos the labour government set up. They just eat into public monies like nothing on earth. |
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| mariax | May 25 2010, 11:53 PM Post #5 |
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gilts were brought by foreign investors saudi arabia is one, but that to me is not the most important.. its how we are going to feed the population if or when the s**t realy hits the fan, thats when its time to panic.. |
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| ignominius | May 26 2010, 01:11 AM Post #6 |
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especially as succeeding governments have reduced the amount of available farmland, they've forced farmers to stop farming large amounts of land in this country. After the war it was decided we should never be put in the position of being dependent on overseas food supplies. The farmers were asked and encouraged to grow as much as they could and eventually we were able to feed ourselves. Now we've taken a step backwards. Food shortages will start to occur soon just wait and see! |
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| Deleted User | May 26 2010, 08:58 AM Post #7 |
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Thanks. ![]() Good point about the farmers, a lot went out of business after the foot and mouth epidemic. You hardly see cows in Cornwall nowadays. Our farmers should be included in the fair trade thing. |
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| lancashirelad | May 26 2010, 10:25 AM Post #8 |
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With the farmers, isnt it something to do with the supermarkets, that they only pay farmers peanuts for there produce. |
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| Deleted User | May 26 2010, 10:29 AM Post #9 |
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To be fair it's a world reccession, a lot of governments are borrowing. If the tories had been in government they would probably have needed to borrow too. |
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| Deleted User | May 26 2010, 10:33 AM Post #10 |
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Get yourself an allotment at least if you can, Mariax is right some very knowledgable people are predicting that food shortages will be the next big thing to hit us. |
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| ignominius | May 26 2010, 02:05 PM Post #11 |
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You can grow fruit and veg in containers even in a flat , especially if you have a balcony. Also there is vertical farming - does exactly what it says on the tin... I've been predicting food shortages for while now too. The price of food stuffs in the last two years has shot up astronomically. The cost of transporting stuff from half way across the world pushes the prices up and yet these are the same foodstuffs that could be grown here. Also, why is it no government is looking at tower farming. I forget the architect's name, but one guy suggested and actually put together the plans for a high-rise tower for farming. All self-contained for water, lighting and power. Each tower could feed around 50,000 people and they can be built in cities and towns with out encroaching on green-belt land or current farm land. Imagine just 10 such towers scattered around London we could feed (with veggies and fruit) virtually half of London with less cost to the environment than now. |
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| Deleted User | May 26 2010, 04:53 PM Post #12 |
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The meat production is the real stumbling block with growing your own, though. Though I have kept rabbits and chickens in a garden for food consumption, these type of things are pretty useless for serious food shortages, I read somewhere that you need well over 2 acres of land to feed a meat eater self suffiently. --------------- There's guerilla gardening too, where you grow stuff on any bit of unclaimed/spare land. http://www.guerrillagardening.org/ |
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| ignominius | May 26 2010, 09:17 PM Post #13 |
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True Ruby, but you don't need to be self sufficient, you only need to grow enough to reduce your food bill and put more money in your pocket. Also the benefits are that the food will be organic, pesticide free and very healthy and tasty. The biggest problem in this country is that we've gotten used to having foreign veggies which can't be grown here. Also rabbits are not a good meat source. A little known fact is that rabbit has no mineral or nutritional value. If you tried living off rabit meat alone , you would die of starvation in a sea of plenty. It's nice to eat now and again though! |
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| Deleted User | May 26 2010, 09:58 PM Post #14 |
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Luckily I've got an allotment, but I never seem to get organised to get the most out of it. |
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| Mjollnir | May 26 2010, 10:16 PM Post #15 |
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But did we really need to? The government deliberately raised benefit levels so that those working for minimum wage werte better off on benefits and not in employment. So the government DELIBERATELY made a need for mass immigration of cheap foreign workers. They DELIBERATELY opened our borders to mass immigration making this country the most densly populated country in Europe. The CONSEQUENCES for we people is we now have a population which cannot be financed by the private workforce. That private industry, that which makes this country money is being reduced. So less industry means less money to spend on an increasing population. There are ONLY TWO options.... Reduce the population so our revenue can sustain it, or Increase our industries to support the population we have. As there is no money to buy the goods then there is only ONE option. A MASSIVE REDUCTION IN POPULATION. |
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| Doomsayer | May 26 2010, 10:27 PM Post #16 |
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TBC, you need to watch this for the answer. http://www.abc.net.au/news/video/2010/05/20/2905304.htm |
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1:22 AM Jul 11