Re: Stupid question (from me) about government borrowing

On Nov 16, 4:56 pm, Dirk Bruere at NeoPax <dirk.bru...@xxxxxxxxx>
wrote:
Logician wrote:
On Nov 16, 4:40 pm, Dirk Bruere at NeoPax <dirk.bru...@xxxxxxxxx>
wrote:
Logician wrote:
On Nov 16, 12:29 am, Dirk Bruere at NeoPax <dirk.bru...@xxxxxxxxx>
wrote:
abelard wrote:
On Sat, 15 Nov 2008 23:45:03 +0000, jake <j...@xxxxxxxxx> wrote:
Just who does the government borrow all this money from?
Is it the Banks by any chance?
If that is so, wouldn't it be just bloody hilarious.  I mean they GIVE
£billions of *our* money to the banks and then have to borrow it back
again - of course, at a "very reasonable rate of interest".
Perhaps the lunatics really ARE running the asylum.
it's more complicated than that...if you really want to understand
     it'll take some work
primarily they(the government) 'borrow' from 'the country'....
it's a bit complicated...a matter of smoke and mirrors....
it's a con game....
http://www.abelard.org/inflation.htm
things change radically if you/they borrow in foreign *currencies*
also attend to
1)government 'debt'
2)personal debt
3) company debt
They are borrowing against future taxation.
In effect, being in control of the money supply, they are printing IOUs
to future govts.
--
Dirk
http://www.transcendence.me.uk/-TranscendenceUKhttp://www.theconsensus.org/-AUK political partyhttp://www.onetribe.me.uk/wordpress/?cat=5-Ourpodcasts on weird stuff
No, they are borrowing against capital assets in the same way
companies borrow money by issue company bonds. It is untrue that all
government money comes from taxes. A myth journalists like to convey.
All govt assets come from taxes. And all loans are secured by taxes.

--
Dirk

http://www.transcendence.me.uk/-Transcendence UKhttp://www.theconsensus..org/-A UK political partyhttp://www.onetribe.me.uk/wordpress/?cat=5-Our podcasts on weird stuff

Not true at all. Most assets came from the use of force. Read about
1215 and the Magna Carta which defined how the King had to respect
land owners. Almost all land was taken with force, and given as
rewards to loyals.

The concept of tax was to raise money for arms to defend the country.
It is not about assets.

Governments have always used force to get assets.

The idea that "taxpayers" are financing everything is complete
nonsense. Force is what controls the world, and the government must
ensure it has enough money for arms.

 From the taxpayers.
All consequent gains using those resources belong to the taxpayers.

--
Dirk

http://www.transcendence.me.uk/- Transcendence UKhttp://www.theconsensus.org/- A UK political partyhttp://www.onetribe.me.uk/wordpress/?cat=5- Our podcasts on weird stuff

When William I conquered the country he just took the land and killed
anyone who said no. It was nothing to do with taxpayers. Loyalists
were given land for helping William I. That was the root to wealth:
not tax paying.

MP's talk about tax payers because they think it sounds good.

The average family has two children in free education, medical care,
security from policing, and social services. You think that the
family's taxes pay for all that? They do not. The family is a net loss
to the UK. They use more than they can pay. The rest is paid by
government mostly in money from bonds, income from capital assets, and
taxes from poorer people who have no family. It is called Family
Values.
.

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