Nobody ever reimburses national debt. Sovereign states restructure it.
Nobody ever reimburses national debt. Sovereign states restructure it.
The sovereign state borrows from other financial institutions: the national Treasury offers an "obligation" or a "bond" whereby it #promises to later give away its fiat currency in exchange for the actual payment of money or title presented by the rentier.
It gets more complicated: https://mas.to/@maugendre/109760408033385603
Matt @MattCartoonist on #OBR #Borrowing @Telegraph – political cartoon gallery in London original-political-cartoon.com
**Why governments are 'addicted' to debt. FT Film**
“_This film examines what some are calling the biggest issue in global finance today, the role of the 'bond vigilantes', and whether government borrowing could spiral out of control._”
#Video length: twenty-nine minutes and fifty-nine seconds.
https://www.youtube.com/watch?v=n1jhoU9Mp_U
#FT #FinancialTimes #Film #Markets #Debt #Borrowing #Bonds #Trading #Investment #Finance #BondVigilantes #BondMarket #Economics @economics @finance
Morten Morland @mortenmorland on #KeirStarmer #RachelReeves #Borrowing #Spending @thetimes – political cartoon gallery in London original-political-cartoon.com
Republicans break with Trump, back Fed ahead of rate cut
The Republican candidate said #lowering #borrowing #costs is
“something that they know they shouldn’t be doing”
before November’s elections.
-- GOP lawmakers disagree
https://www.politico.com/news/2024/09/11/republicans-defy-trump-fed-rate-cut-00178758
I don't speak #German, but I understand very well what the announcer says at 0:46: "Kabayel ist in top form."
I've previously posted about how much #English is used by announcers in #boxing in the Philippines, but I was not expected to hear this happen in #Germany, at least not for a phrase like this. Perhaps "knockout" or "round", common #nouns of a technical nature, but here we have a simple phrase.
It's the #21stcentury in the #UK & people are having to use their #lifesavings & possibly the #savings of other #family members to pay for #cancer #treatment. #Money essential for #retirement, #funds a #son or #daughter were #saving to #buy a #home all used to go #private. #Borrowing maxed-out. This isn't okay. This isn't the #NHS #medical #care free at point-of-need that #NyeBevan campaigned for.
https://www.theguardian.com/society/2024/feb/07/hundreds-of-thousands-of-uk-cancer-patients-forced-to-pay-for-private-treatment
#SaveOurNHS #ToriesBrokeBritain
#HealthEquity #health
"The *Making Personal Finance Decisions* curriculum teaches valuable personal finance lessons grounded in economic theory. The curriculum is divided into 10 themed units, with each unit containing two lessons. The twenty individual lessons employ a variety of teaching strategies designed to engage students in the learning process and equip them with the knowledge and skills necessary to make informed personal finance decisions."
#PersonalFinance #Investing #Taxes #Budgeting #Spending #Borrowing #Saving
https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum-unit