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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 5:01 PM | 22 view(s)
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Msg. 16389 of 54959
(This msg. is a reply to 16388 by faul)

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A £2 billion loan at 3.5% interest over 100
years means a total repayment of £66 billion.

So in your opinion repaying the debt over 30
times is good for the economy & tax payers who
pay that debt back to the creditors?

If it's such a great thing,let's repay over
a thousand years afterall it's only......

£3,014,482,428,897,376,677,658,624.00


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The above is a reply to the following message:
Re: It's a proud moment for the UK!
By: faul
in ALEA
Thu, 04 Dec 14 3:29 PM
Msg. 16388 of 54959

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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