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Dominic Frisby
@DominicFrisby
I make funny songs & write financial stuff. Comedy: Money: New book :
Joined January 2012
1.8K Following    84.5K Followers
Horrible numbers. It’s worth remembering, however that this debt will never be repaid. It can’t be until we run a surplus which is just not possible. The debt will just continually be rolled over until with currency Debasement over time it will be worthless. It is a terrible thing to do to our children.
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The TaxPayers’ Alliance revealed this week that public sector debt has breached £3 trillion. But that is only part of the story. What the Government is not acknowledging is the vast mountain of additional liabilities it has accumulated, obligations that will ultimately have to be paid. The real national debt is far worse, standing at £11.7 trillion.
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