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@cortemax010: @deepstorycast @sourafamiranda #deepstory #deepstoryclipfy #clipfyleague
CorteMax
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Saturday 07 November 2026 14:30:02 GMT
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The national debt is not what you think Repaying the national debt would destroy the economy. That's not a radical claim — it's what happens when you understand what the national debt actually is. In this video, I explain why government debt explained properly looks nothing like the household budget myth politicians peddle. The UK national debt is not money we owe to foreign creditors. It is the money the government has put into the economy and not yet reclaimed through taxation. Think about it this way: £80 billion of that debt is literally the notes and coins in your pocket. The rest is the money banks use to settle payments with each other, and the safest form of savings available to pension funds and life assurance companies. government debt is national debt explained simply — it is the nation's money supply. If you eliminated it, you would eliminate the money. That means no wages, no UK economy , no pensions, no public services. You would trigger a recession, a financial crisis, and collapse the entire financial system overnight. This is what economics should teach but doesn't. When the government runs a deficit , the private sector runs a surplus. Government debt is private wealth. It is a tool, not a problem — and understanding it properly transforms the entire debate around taxation , austerity, and government spending. It's time to stop being frightened of the national debt and start asking how we use it better. #money #government #britain #labour #health #nhs #hospital #trump #elon #musk #inflation #iran #oil #fuel #america #england #uk
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