Thursday, 14 May 2009

Finance and obfuscation.......

I don't think I'm unintelligent; but I don't understand finance.

So the British Government is borrowing over the next three more money than the previous 300 years of Government have borrowed in total: is that correct?

And the US is also borrowing Xty twillion squillions?

As one economist said: 'nobody knows what a trillion is: but 100 trillion is 10 times bigger that 10 trillion, or to put it another: 10 trillion is a HUGE sum of money and 100 trillion is F****** HUGE sum of money' So all w know is that these are sums bigger than we can really imagine.

So where is all this money coming from? From 'other countries' apparently: but who owns that money? surely if a country collects taxes; then that should be to pay for services, and any other surplus should either be put away for a rainy day: or more logically returned to those who'd paid it. If I give somebody 20 euros/pounds/dollars/shekels to pick up a few bits of shopping for me, and they spend 12 I expect.. yes that's right 8 shekels change. But we're not talking about a loaf of bread and jar of peanut butter, we're talking about funding a state: oops Freudian slip, funding a population and providing services. Absolutely correct. So even more need for it to be transparent and above board..... sorry where am I.... just woken up and realised, that things aren't like that; they're not simple... and that suits some people.... that's spelled O B F etc. etc.

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