Monday, 22 November 2010

Financial Illogicality

"You cannot establish sound security on borrowed money"
Unknown.
So Britain has promised Ireland "around £7bn" in addition to the money we are already contributing under the EU Bail-Out package.

As Britain is also broke, that is money that we will have had to borrow, presumably?

Sheesh!
at

4 comments:

  1. James Higham22 November 2010 at 12:11

    Which comes from the IMF which comes from us.

    ReplyDelete
  2. English Pensioner22 November 2010 at 12:13

    Probably we're borrowing it from Ireland. I think its all a giant pyramid or Ponzi scheme!

    ReplyDelete
  3. Anonymous22 November 2010 at 20:53

    The infamous EU Carousel.

    ReplyDelete
  4. Witterings from Witney22 November 2010 at 20:59

    Rossa: Yup - and I want off!

    ReplyDelete

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