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How come if Britain owes all this money?
My question is an obvious one really, but I still can`t fathom the answer.
How come if Britain owes such immense sums of money now - and we are being told it will take the worried and harassed worker/taxpayer years and years to pay it back - we can still find millions to fight wars or to help the poor of other countries?
And how come we don`t get some straight talking from Gordon Brown - like Obama is telling the bankers straight to pay back all that money. Gordon just seems to dither about it...and only ends up facing and copying these things after Obama has done them?
Yeh, I know we are America`s puppet - but still, these questions need to be asked and answered.
1 Answer
- PfoLv 71 decade agoFavorite Answer
Central Banking. Read up on it. Britain has a central bank, so does the US. Both countries are so in the red it's not funny, and yet we fund wars here too.
To make a long story short and over-simplify: the money comes from stealing it from everyone when central banks print more of it, devaluing money in circulation.
BTW: Obama is not doing the right things, and Brown shouldn't be taking any cues from him. Obama is doing more of the same, having the central bank print more money to fund "stimulus" that isn't having any measurable positive effect on the economy or jobs.
