Every time I hear them use the word “Trillion” on the news, in relation to debt, I like to assume they are just lying to me. Because, frankly, the alternative is they are just making words up and nobody actually has a clue what’s going on.
I have yet to hear anyone properly explain who is loaning the money or where they got it from to begin with. I’m beginning to think it doesn’t exist, it’s all starting to feel a little Emperor’s New Clothes to me. Don’t ask and don’t point out the absurdity, just accept.
Honestly, if “Gideon” Osborne turned up at your door to borrow your lawnmower, you wouldn’t give him it, because you know he’d rent it out until it was broke and then give you it back with a bill for the petrol he’d used. So who thinks it’s a good idea to lend him “Trillions”, but see if it was all made up you’d be like “Help yourself Gideon, it’s only money.” Wink wink. The fact they loan this amount of money, to a country already in so much debt, proves they don’t expect it back and never really had it in the first place.
Here is my theory.
If the Plumber owes the Butcher £50, and the Butcher owes the Greengrocer £50 and the Greengrocer owes the Plumber £50. Is this £150 worth of debt? £50 worth of debt? or actually no debt? I think this is the crux of the issue, it’s just lies we are being lied to.
It’s time to change things up, because if the banks are in debt and the countries they operate in are in debt and the people that work in these countries are in debt. the system is clearly broken or is it? If we can pay £2,000 for an MP’s floating Duck House, If we can hold a £10 million pound funeral, if we can host a £24 billion Olympics what’s a few £Trillion between friends?