12 October 2012, 17:45
(12 October 2012, 08:29)BrixhamBadger Wrote:All these mega-trillions of £/$/€ that every country seemingly owes.... just who is the recipient of all these massif debts?
I.m.o. it is just an elaborate numbers game, made up amounts, conjured up by the N.W.O; the Illuminati etc; that are just numbers on a screen..... world finance never was my strong point though...
Mostly the central banks and privately owned government bonds.
It's the biggest financial con in history and it's what our entire system is based on (and the reason it has to collapse eventually) - the government doesn't print it's own money, essentially the central banks print the money and loan it to the governments (by buying government issued bonds), who then pay it back with interest. So there is always more debt than circulated currency (and that's without taking leverage into account!)