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Britain's Trillion Pound Horror Story - Broadcasted Channel 4 Tonight 2100hrs. Views?


Pudsey

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£1 trillion would be be about 2 thirds of the size of that.... but times that by 4. :)

 

Ours would be twice that size, as our largest denomination is £50, then times by 4. ;)

 

Don't adjust for currency conversion, as it's irrespective of quantity, but it's still a huge effing number! :D

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I'd say £4,800,000,000,000 sounds about right anyway, that's got to be about £200k ish average for everyone in the country who's likely to have a mortgage?

If it was £4,800,000,000 it'd be £200. I wish I only had £200 debt.

 

Or is 'National Debt' a different thing to what the people owe? Are we also talking about what the UK owe other nations? I don't understand it really.

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By the time you lot have worked out how much a trillion is , the number has gone up-lol

not long ago the value of everything in the whole world ,thats everything !!was 50 trillion $ - it is estimated the US alone could need 90 trillion to square up - go figure !!

some talk of a quadzillion in total around the world , I dont even know what that is but its very big I suspect and grows every year

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I'd say £4,800,000,000,000 sounds about right anyway, that's got to be about £200k ish average for everyone in the country who's likely to have a mortgage?

If it was £4,800,000,000 it'd be £200. I wish I only had £200 debt.

 

Or is 'National Debt' a different thing to what the people owe? Are we also talking about what the UK owe other nations? I don't understand it really.

 

I understand national debt to be deficit the government and all subsidiaries are in. Which is basically our debt because we pay for it through tax, which is turn why they put a figure on everyone’s head. This number of so many trillion that gets batted around, I understand that it is the figure that would be required to balance Britain’s debt – if the government paid off its debt to the banks and other investors.

 

You can imagine Britain being a young person who’s had a credit card for a year and is now at his limit and f”cked now paying it all back.

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What countries would you consider good places to immigrate to at this current moment in time?

The far East , and or countries with commodity wealth -Canada,and Oz -(both have small relative populations ) in Europe -Norway due its small population and large oil wealth

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By the time you lot have worked out how much a trillion is , the number has gone up-lol

not long ago the value of everything in the whole world ,thats everything !!was 50 trillion $ - it is estimated the US alone could need 90 trillion to square up - go figure !!

some talk of a quadzillion in total around the world , I dont even know what that is but its very big I suspect and grows every year

 

 

 

The next milestone after a trillion is a quadrillion - 18 zeros.

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I understand national debt to be deficit the government and all subsidiaries are in. Which is basically our debt because we pay for it through tax, which is turn why they put a figure on everyone’s head. This number of so many trillion that gets batted around, I understand that it is the figure that would be required to balance Britain’s debt – if the government paid off its debt to the banks and other investors.

 

You can imagine Britain being a young person who’s had a credit card for a year and is now at his limit and f”cked now paying it all back.

 

I dont think that includes pension liabilities , they tend not to include those !! and the demographic change as the large amount of baby boomers retire , and less people are employed to pay tax .

 

Its more a person who has 10 credit cards , they are all at the limit and he wants more cards , as he is now part time , and has ordered a Ferrari for next year !!

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I thought everyone was going to Switzerland?

I was working in Switzerland a couple of months back, I'd move there but it would have to be a well paid job.

 

The reason being just a normal pasta dinner with a colleague at a normal restaurant costs me £80 :blink:.

The people in Switzerland are very nice though, so much more relaxed than us British.

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Most of that is generosity though isn't it. If we hadn't had spent so much on helping other countries and immigrants, we wouldn't be in such disgusting mess.

 

Unfortunately, the goverment permanantly insists on this to keep an upbeat, "nice-guy" appearance to the rest of the world. Well we don't need it. We should think about ourselves for once.

 

The UK currently aspires to increase aid to 0.7% of GDP. As far as I know,it's been - despite promises otherwise - around 0.3% of GDP for years. I can't see how this level of expenditure has wrecked our economy? Especially as, particularly in the past, aid tends to be apportioned in relation to UK strategic and economic interests.

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The UK currently aspires to increase aid to 0.7% of GDP. As far as I know,it's been - despite promises otherwise - around 0.3% of GDP for years. I can't see how this level of expenditure has wrecked our economy? Especially as, particularly in the past, aid tends to be apportioned in relation to UK strategic and economic interests.

 

Good answer - and on top of that, do you know how much financial debt these "immigrant" countries have repaid to the UK with interest over years and years? Way way way more than the original amount.

 

Read up on development economics Attero.

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Before you believe ANYTHING in a Martin Durkin documentary, check out his track record. His previous documentary was filled with inaccuracies, and OFCOM upheld a complaint against it.It contained some of the most egregious out of context quoting seen on a widely viewed documentary. I think that Channel 4 had to issue an apology for the documentary before that, too. He's a man with an extreme political agenda. Channel 4 love him, because he's challenging and provocative, which fits in with their ethos. However, that doesn't mean that his arguments carry any weight. Good for pub talk,but it's not a serious or balanced analysis. For me, it's a real pity that someone like him gets blanket advertising and a massive audience.

 

You have a good point here to be honest as I have never heard of the gentleman before.

 

I would like to think that the information contained in the programme was indeed factual, it certainly had the desired effect on me though.

 

ended up watching it too.. group buy on tickets to hong kong? :D

 

I like your style.

 

I think I will put my name down for one.

 

:wave:

 

Sorry, Hong Kong is full.

 

:D

 

Room for a small one. ha

 

Could you expand on this point please? I didn't see the programme.

 

I think you really need to watch the programme and then make your own balanced judgement on the facts that hopefully were portrayed, but I thought personally that the problem we face was explained very well.

 

I really like the analogy of the bath with the water running continiously, and the recent cuts portrayed as a mouthwash sized bucket bailing the water out trying to stop the bath over flowing.

 

Eventually the bath will overflow, and the water is going to pour out all over the floor.

 

I believe by this they mean possible terminal decline.

 

Great to see so many people are so passionate about the subject too though.

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