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Re: It's a proud moment for the UK!

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 04 Dec 14 4:52 AM | 26 view(s)
Boardmark this board | The Trust Matrix 		Msg. 16378 of 54959
(This msg. is a reply to 16376 by faul)
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It was a teeny weeny debt and the service cost very little. Maybe under current conditions, it was worth retiring finally. Osborne is just having fun with his pride comment. It's about finance.

Think we may still have some outstanding debt from the Napoleonic wars that it makes little sense to retire. Last I looked we had, anyway.

Shows how in the long run, the cost of debt principle erodes in a way that suits the debtor.


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The above is a reply to the following message:
It's a proud moment for the UK!
By: faul in ALEA
Thu, 04 Dec 14 12:47 AM 		Msg. 16376 of 54959

In a statement Chancellor George Osborne said it was a proud moment for the country to pay off its First World War debts.

http://citywire.co.uk/money/government-to-repay-war-loan-in-march/a787403?re=31906&ea=269932&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary


So 100 years later we paid off our debt from WW1....
DEBT SLAVES is all we are to the Bankers that
Control humanity!Perhaps in Another 100 years we
might have paid off a few more 100 year old debts
while at the same time accumulating trillions more.

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