- Joined
- Jan 9, 2013
- Location
- Kent
It is a lot worse than that, Mack, if one takes into account the value of the derivatives debt (remember the 'liar's loans' leading up to the 2008 crisis?).
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I have no idea what the total debt in the UK is, but it is much more than what we are being told.
Could be wrong but i read last night the us is around 21 trill and the uk somewhere between 1.5 -2 trill.
As for global derivatives debt you mentioned, christ on a bike, only a BTG programmer could be familiar in working with such numbers.