Comments by "gerhard7" (@gerhard7323) on "Is UK Debt Getting Out of Control?" video.

The key to understanding public debt is to understand that it is equal to the exact penny of a private surplus. The next question to ask yourself is exactly who owns that private surplus and what interest is payable on that debt/surplus? Much of UK debt is owned by insurance and pension funds and other financial institutions. The BoE itself owns around a quarter of UK debt and overseas investors own just under 30%. Any profit the BoE makes is supposed to either go to the UK Treasury or used to bolster its reserves. Amongst other things, this raises interesting questions about the huge political power these essentially faceless, largely unaccountable institutions hold.
2
@fern8580 To be frank, much of it's a scam wrapped up in a plausible narrative. What you, I or even a relatively few others believe isn't relevant. It's really about what the majority believe, I'm afraid.
2
@fern8580 I'm not, but I still appreciate the comments.
2