This Trillion £ debt we just passed to day is it…

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  • This Trillion £ debt we just passed to day is it…
  • derekrides
    Member

    A thousand billion or a billion billion, and is a billion a thousand million or a million million?

    I think we ought to know.

    AND

    Just so I can get truly depressed er what’s my share then?

    So now, back to wether we can give 26 k benefit to anyone who fancies doing nothing for a living…

    Premier Icon binners
    Subscriber

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

    IHN
    Member

    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

    Premier Icon bruneep
    Subscriber

    Just who do we owe this “debt” to?

    Premier Icon Stoner
    Subscriber

    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

    Three_Fish
    Member

    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.

    Premier Icon Stoner
    Subscriber

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

    poppycock.

    we shall inflate our way out.

    Three_Fish
    Member

    we shall inflate our way out.

    Stoner for Prime Minister!!

    Premier Icon irc
    Subscriber

    It’s obviously caused by nasty Tory cuts.

    we shall inflate our way out.

    I am going to inflate myself this way out…

    Premier Icon Stoner
    Subscriber

    sshhhh, but it’s a secret, OK?

    Mr Woppit
    Member

    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”).

    Mr Woppit
    Member

    Erm, or was it 3,500? Uh –

    Anyway, a bl00dy long time. 😳 😥

    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?

    Or have I missed a nought?

    mudshark
    Member

    we shall inflate our way out.

    I once tried that but couldn’t reach.

    yunki
    Member

    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)

    😀

    StuF
    Member

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

    enfht
    Member

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

    swiss01
    Member

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

    s
    Member

    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.

    derekrides
    Member

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

    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

    Murray
    Member

    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!!

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