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

By: faul in ALEA | Recommend this post (0)
Thu, 04 Dec 14 3:29 PM | 26 view(s)
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Msg. 16388 of 54959
(This msg. is a reply to 16378 by Cactus Flower)

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It's a tiny weeny debt TODAY,as over 100 years
the debt gets Inflated away.....which is why
the bankers Love Inflation!


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The above is a reply to the following message:
Re: It's a proud moment for the UK!
By: Cactus Flower
in ALEA
Thu, 04 Dec 14 4:52 AM
Msg. 16378 of 54959

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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