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TPP483: The Price Of Money: How to prosper in a financial world that's rigged against you

The Property Podcast

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Government Debt Has Been Going Up and Up and Down Since 1971

Public debt as a percentage of g d p has been going up and up and up. The early seventies was the point at which this pattern in terms of government ending really became intrenched. Since 19 71, they've only been six years in the u k where the government hasn't run a deficit. Things have reached a point now, 50 years into this, that that debt is never going to get paid down. And it's the same in terms of private debt as well. It's increased from 60 % in the seventies to 200 % to day. That means that it's not just the country that's in debt, it's everyonein is in a load of debt.

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