The UK’s government borrowing set to soar, but who is going to buy it?
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Could the Brits do the perpetual motion machine, like Shiny-land: treasury prints debt, central bank buys the debt with printed money?
Steve
Yes, of course, it’s just numbers on a spreadsheet! But, eventually the currency would drop, and everything imported, or that uses imported stuff as inputs/tools, would become more and more expensive as time goes by.
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That is a now a job for the EU.
Lucky them.
Which is not overly helpful if you happen to run a trade deficit to the tune of 100b a year.
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Us Brits are in the same boat as the EU, USA and a few more - I’m still buying gold
I suspect some kind of reset, where everyone losses some currency to the government. Hold assets not currency.