Comments by "Aden Wellsmith" (@adenwellsmith6908) on "How Debt and Credit Create Financial Crises" video.

  1. You are ignoring the elephant in the room. State debt. It's garbage in, garbage out. A game of fantasy economic starting off with. "What if the government has no debts?"
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  2. Put numbers to the public debts, and the private debts. Offset any assets. Borrowing Civil service pension State pension Nuclear clean up Losses on insurance contracts The EU Unpaid wages Unpaid invoices Expected payouts - eg post office, NHS damages. There's a list for the UK. Similar everywhere else. Let me start you off. Borrowing. Total Amount Outstanding (including inflation uplift for index-linked gilts) = £2,536.31 billion nominal That's ths morning. Where are the numbers for the other debts for the state. 30% of tax goes on the debts, minimum
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