Subject: UK - Budget day - a reflection on the national debt

Our beloved Chancellor has just announced our national debt will reach GBP 1.3 Trillion in 4 years and I wanted to get my brain round that enormous number. So I did a quick calculation and asked myself when he would have had to start counting the money, if he could count GBP 1 per second, 24 X 7.

To count 1 million he would have to have started 11 days, 13 hours and 46 seconds ago.

To count 1 billion, the start would have been 31 years, 9 months, 8 days, 1 hour and 46 seconds ago.

To count 1 trillion, he would have to have started around 30,000 BC - rather appropriately, Neanderthal Man would have been there to help him.

And for our 1.3 trillion, the count would be around 41,275 years.

Sorry for being a boring old f**t (there's always the delete key), but that has helped me get it in proportion.

Best regards.

Mike

Reply by Mehdi Fazal

Hi Mike, and you are welcome to share it with others if you wish.

But u need some more facts;

Did you know that it is a number lesser than he said LAST YEAR.... it was a 100billion less, so he has reduced the time from 1.4trillion to 1.3trillion, ie by 3,175 years by doing little!

By the way that is only if we let him alone do the payment, but if we all join in the UK, you can finish paying it in 6 hours!

By the way our national income every year in 2007 was 2.8 Trillion, so it is not more than 46% of this years income!!!!

Note this is total debt, it is like a mortgage at half your income, or if everyone was given half a years income to buy a house, who would be able to buy a house! Only the very rich!

Do you know that total borrowing by private sector and govt totalled 10.46Trillion, and the total stock market in 2007 was worth 3 trillion! So we could have no debt, if we just sold off some of these shares and have no debt!!!!!!!!!!!!!

Don’t get too frightened by these issues, be fearful of RASPUTIN

is name was Grigori Efimovich Rasputin and he is one of the most enigmatic men in modern history. Was he a misunderstood holy man with strange powers to heal - or was he a scheming sinner who manipulated the suffering of others?

As a trained Economist, who suffered from the 1990 recession and Lamont/Major/Cameroun/Osborne Strategy, I think I would be wary of these new RASPUTINS and more inclined to the forsaken Keynes.

But I leave it to you ... to have a sense of propoertion.

See my blog many months ago... http://livejournalmehdifazal.blogspot.com/2008/10/keynes-and-great-depression.html I thought Alistair Darling was quite good... he accepted my argument without prompting, so I did not need to agitate and carry on with the forum, he accepted the ideas unprompted....

In the enclosed article notice….

Hayman Advisors talk about $29 trillion being lost by the worlds stock markets in the recession........

If to reverse the worlds loss of trillions we spend a half – trillion( others like usa, etc will be spending another 5 to 10 trillions), and we all get it back, surely it is worth it……

So you can make up your own mind, but don’t get it out of proportion….Humanity is making progress, it was not able to reach trillions, now it can … analyse trillions of calculations in seconds (computers) analyse trillions of DNA structures in years, hope to get you trillions of wealth by nations, in each year, hopefully trillions of cash per individual in years to come….. be hopeful, and positive.

Mehdi Fazal