International Economics

Britain was in debt to the tune of 1.6 trillion before the virus. Now that debt has spiralled many times over, with billions going here there and everywhere.

Even before the virus, wasnt Britain and the globe bankrupt? The bank of England recently gave the government so many billions, isnt the bank of England the government?

If we are borrowing money then surely the lender must know that it will never get its money back, or if it did, it will be the century after. Who is the lender, arnt they broke too, everyone is.

The otherside of the coin, no pun intended, is that if the money wasnt given or borrowed, then the whole world and the banking system would collapse, making money irrelevant, and the world would suffer a holocaust.

So where is the money coming from? Can someone shed light on this.? Britain is financially is bankrupt. As the world is.

Bonzo of Stow Cum Quy.