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From: LP12
From: JonH The money simply is not there to pay for all the unfunded liabilities accrued over the decades. If this malaise affected Britain alone then the day of reckoning could possibly be delayed yet this is a Western problem. They're adopting MMT as the new paradigm because the respective national debts have been compounding and growing exponentially. Sovereign debt is now expanding at rates faster than economic growth and at a faster pace than income. The BOE, ECB, federal Reserve have to keep interest rates down in order to sustain the debt or the whole financial system would implode. This epoch of accelerating and compounding of sovereign debt ends I think in competitive currency devaluations. One day in the not too distant future we will wake up to hear the news that the £, $ or € have been clipped overnight. Your cash savings or bonds will be worth a fraction of their value on the previous day. Suspect there will be little or no warning of this debt jubilee. Crash and burn is the only way out of the mess. What comes afterwards politically I think is up in the air. Got assets?

Current Thread	Author	Time
UK just can't stop winning at the moment. ....[more]	JonH🍕	13:59:47
>> Question, "UK government bonds, known as gilts, are getting dumped"...[more]	LP12	14:54:12
>> To Labour's credit, done their bit to eradicate boom & bust....[more]	JonH🍕	14:59:14
>> What next,, begging Putin for his oil & gas?	JonH🍕	15:00:03
>> Imagine I am someone who knows nothing of the inner werkings of the %&!*@ng ... [more]	LP12	15:10:58
>> Shares got cheaper. Lack of confidence. Flight to cash.	Denc 🗡	17:11:53
>> Lack of confidence surely? Perhaps energy is the catalyst here but there ... [more]	JonH🍕	15:34:11
>> UK could be the first of many sovereign debt crises....[more]	JonH🍕	15:51:58
>> Another million Pakistani welfare scammers and the government will go ... [more]	Denc 🗡	17:15:18
>> From: JonH...[more]	LP12	16:08:26
>> USA debt now 50 trillion, or summat like that but they petro dollar ... [more]	LP12	16:26:59
>> Aliens, hedge funds . ....[more]	JonH🍕	16:54:33
>> We must factor in the fact Bank of England owned by Rothschilds ... [more]	LP12	17:04:20
>> Run by a committee of blinkered clowns.	Denc 🗡	17:17:05
>> Eventually they will let the market decide interest rates.As ... [more]	Denc 🗡	17:18:08
>> They'll probably try a bit of fiscal dominance first. ... [more]	JonH🍕	20:14:59
>> Disagree., was just thinking about this earlier as I cooked my rice lardon risotto. ...[more]	LP12	18:13:31
>> Essentially what just happened	JonH🍕	17:28:27
>> Back then it was revolutionary to talk of floating ... [more]	Denc 🗡	17:21:15
>> Takes some skill and planning to run a nation into the ground.	JonH🍕	17:12:21
>> Whatever happened to him. ? I like his style	JonH🍕	16:09:50
>> In contrast, 3rd world Morocco, whose bonds are barely investment grade...10yr is 3.33%	JonH🍕	14:19:10
>> Almost worth buying at 5.7%	Denc 🗡	14:05:17
>> Just have hope they don't default.	Free Thinking Doggie	14:11:02

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