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Agricultural Matters
UK sinking under an ocean of debts?
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<blockquote data-quote="britishblue" data-source="post: 7921080" data-attributes="member: 154110"><p>Have you not heard of MMT. Debt doesn't matter because if you own the money printer you can just keep printing and QE the money to buy the countries debt! I believe if interest rates went back to long term averages the good ol USA would be bankrupt. It is frightening when you owe 30 trillion and your taxation income is a fraction of what you really need. Who knows? Stock markets at all time high. Asset bubble if it is one at all time highs. It is not how I was brought up to be with money but it feels like most of the rest of the country is on the spend spend spend like there is no tomorrow which there might just not be!</p></blockquote><p></p>
[QUOTE="britishblue, post: 7921080, member: 154110"] Have you not heard of MMT. Debt doesn't matter because if you own the money printer you can just keep printing and QE the money to buy the countries debt! I believe if interest rates went back to long term averages the good ol USA would be bankrupt. It is frightening when you owe 30 trillion and your taxation income is a fraction of what you really need. Who knows? Stock markets at all time high. Asset bubble if it is one at all time highs. It is not how I was brought up to be with money but it feels like most of the rest of the country is on the spend spend spend like there is no tomorrow which there might just not be! [/QUOTE]
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UK sinking under an ocean of debts?
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