[Closed] This Trillion £ debt we just passed to day is it...

But what I want to know is... if you stacked that end-to-end in pound coins, which planet would it reach too?

billion = thousand million
trillion = thousand billion

and just so you don't have to ask the same question next year:

quadrillion = thousand trillion
quintillion = thousand quadrillion

Just who do we owe this "debt" to?

we adopted the short scale properly in the 70s

Short scale: US, UK, Australia, Russia, Brazil, Turkey, Ireland, English Canada and others
Long scale: France, Italy (both switched to short then back to long), Spain, Germany, French Canada and others

http://www.bbc.co.uk/news/magazine-15478580

The banks will be nationalised and debts erased within a decade. Don't worry about it. There's no other way out of the mess we're in.

There's no other way out of the mess we're in.

poppycock.

we shall inflate our way out.

we shall inflate our way out.

Stoner for Prime Minister!!

It's obviously caused by nasty Tory cuts.

we shall inflate our way out.

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sshhhh, but it's a secret, OK?

What a "trillion" (dollars) looks like.

It's a pile so big that, if you initialled every dollar note, it would take you 35,000 years to get through it all... (Bill Bryson. "Notes from a Big Country").

Erm, or was it 3,500? Uh -

Anyway, a bl00dy long time. 😳 😥

So it looks like..

1,000,000,000,000.00?

What's our current population? Well the bit that counts, 65 mill?

So does that make it £16,129 and threepence hapenny each then?

Or have I missed a nought?

we shall inflate our way out.

I once tried that but couldn't reach.

so if we all got lumped with £16 495 and a deal where we pay back on the same terms as a DSS social fund loan... (the equivalent of 20 Lambert and Butler per week..)

by god I think he's cracked it..!!

(defaulters will be sent to live on prison camps in the 'shires)

😀

binners - about london to greenland if they were stood on edge or over halfway round the the world if not

Why can't the government just consolidate the debt into one one easy weekly payment?

yunki, according to this it's a bit more than that
http://www.bbc.co.uk/news/business-15748696

visualising 1 trillion dollars:
http://www.pagetutor.com/trillion/index.html

derekrides - Member

So it looks like..

1,000,000,000,000.00?

What's our current population? Well the bit that counts, 65 mill?

So does that make it £16,129 and threepence hapenny each then?

My neighbour does not work, so it might work out a little bit higher than that, sorry.

Stoner - Member
visualising 1 trillion dollars:
http://www.pagetutor.com/trillion/index.html
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Woh! and we owe over one and a half times that amount £1 =$1.55 currently..

Kind of focusses the mind seeing it laid out like that on pallets

Wot Stoner said. We'll inflate it away and our (and all of Europe's) currency will depreciate compared to the rest of the world.

But we'll still have wide screen TVs and enough to eat 😉

I doubt we will inflate our way out in the trad sense. more financial repression where IR will be kept well below GDP. Nightmare for savers!!