Government Loans

I’m watching David ‘Dave’ Cameron live on TV at this moment, earnestly (and quite rightly) explaining how the interest we pay on loans to the government are overwhelming us. True enough, and the subject deserves an airing. However, I note he isn’t pointing out that much of the National Debt is to banks, banks who haven’t actually loaned money they already had to the government but instead have loaned money created out of thin air using their authority to do so granted to them by that same government. This doesn’t get a mention, where the National Debt actually comes from. The banks conjure money from the air under license from the government, loan it to the government at interest and we, the taxpayers, have to find real money out of our pockets to pay it back with. Nice work for the banks, you might think, and it is – but what about us the electorate – aren’t our politicians supposed to be working for our interests, and not the banks? Shouldn’t all debts created under this Alice In Wonderland system be voided in full? Where’s the discussion about why we, or any nation, should have such a thing as a national debt in the first place???

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