The Forum > General Discussion > To Work or not to Work
To Work or not to Work
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We are spending more than we make, in whatever form you explain them.
The government can't cut back on pensions and other expenditure as
they will be vilified and tossed out in an election.
To avoid this they borrow more & more.
Production has fallen so the growth has fallen but is being pumped up
by increasing immigration. All that does is pretend that the new
consumers means growth,
It is not real growth, as the per capita growth has reduced.
There is no solution to this.
What it means is that someone will have to sustain a massive loss
on our borrowings. What will our creditors want in lieu ?
Our banks and insurance companies will be turned over to the creditors.
But will they have any assets, housing loans ?
Who will have money to buy them ?
The government will be bankrupt and salaries and pensions will not be paid.
Of course the governmentt can just print money or generate pixel money.
The only other solution is a debt holiday, ie the debt is forgiven.