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    We keep hearing that Gordon Brown is borrowing a LOT of money, but where exactly is he borrowing this money from?

    :confused:
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    The Bank of England...very good question though
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    (Original post by ∑ Я ĩ k ė s ħ ξ)
    The Bank of England...very good question though

    I thought he was borrowing money to inject into the banks, not the other way around?
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    (Original post by 123banana123)
    I thought he was borrowing money to inject into the banks, not the other way around?

    He borrows it from the richest bank, money is generated and its secured as a loan. Thats how he borrows. He then injects it into all the other banks.
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    Borrows it from the IMF, World Bank and other countries.
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    Ah yes, I do apologise - It USED to be the Bank of England...read this:

    http://www.economicshelp.org/blog/ec...debt-financed/
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    Yeah, I think this is how government bonds work. The US government, for example, issues bonds (basically loans) with the Federal Reserve. This deals with debt. It's rather confusing

    EDIT: ∑ Я ĩ k ė s ħ ξ (haha, had to copy and paste that) thanks for the link!
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    (Original post by CocoPop)
    Yeah, I think this is how government bonds work. The US government, for example, issues bonds (basically loans) with the Federal Reserve. This deals with debt. It's rather confusing

    EDIT: ∑ Я ĩ k ė s ħ ξ (haha, had to copy and paste that) thanks for the link!

    No problem dude.
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    some of it is being printed
 
 
 
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