It seems like UK might default | Bitcointalksearch.org

Mrbuck

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Quote from: franky1 on February 10, 2025, 02:55:50 PM

scare story that bond holders wont get paid is just to get bond holders to sell their bonds.. this is because the elites are on a mass buying spree of bonds

Upcoming Maturity Dates and Interest Payments As of February 2025, there are indeed gilt bonds that will reach maturity soon. The UK Debt Management Office (DMO) regularly publishes a calendar detailing upcoming gilt maturities and interest payments. For instance, certain short-dated gilts may be maturing in the next few months, with specific dates often falling in March or April.

That's why UK enrolled evisa system wich travelers need to pay in order to visit UK.
So they can collect money to meet their debt obligations.
Just right time

Mrbuck

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Quote from: alani123 on February 11, 2025, 05:22:05 PM

The UK is one of these countries that would rather starve its citizens than default.

It's funny because in the 20th century the west made a mockery of the supposed communist they had installed in Romania who had a play to repay the loans the country had by following strict austerity to find the money.

Now, in the 21st century, austerity for the many has become the favorite tools neoliberals have to pay off state loans. Working people get paid less and are taxed more, just so the rich don't have to. Greece became testing grounds for this economic model, and although it failed, we've kept seeing it.

It got applied to Germany, Austria along many European states and more recently Argentina as well, with catastrophic results. And yet the big magazines owned by media moguls are speaking of "economic success" just because the rich pay less tax... Now we'll see the same experiment in the U.S. thanks to Trump. If the UK economy nears default be certain that austerity will follow instead of a default, although the latter might have been the only democratic option. Democracy doesn't count in our current system when it comes to advancing the interests of the rich.

If country have problem with debt then solution is war.
Its been always like that trough our history

alani123

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Leading Crypto Sports Betting & Casino Platform

The UK is one of these countries that would rather starve its citizens than default.

It's funny because in the 20th century the west made a mockery of the supposed communist they had installed in Romania who had a play to repay the loans the country had by following strict austerity to find the money.

Now, in the 21st century, austerity for the many has become the favorite tools neoliberals have to pay off state loans. Working people get paid less and are taxed more, just so the rich don't have to. Greece became testing grounds for this economic model, and although it failed, we've kept seeing it.

It got applied to Germany, Austria along many European states and more recently Argentina as well, with catastrophic results. And yet the big magazines owned by media moguls are speaking of "economic success" just because the rich pay less tax... Now we'll see the same experiment in the U.S. thanks to Trump. If the UK economy nears default be certain that austerity will follow instead of a default, although the latter might have been the only democratic option. Democracy doesn't count in our current system when it comes to advancing the interests of the rich.

STT

legendary

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Last talk I heard about fears was the gold market and fears over demand not satisfied, London being center of the world gold price set every day and also I think 2nd largest depository for the world and its banks.

There is definitely stress in the system but UK isnt alone in a large amount of debt payable. I think UK has cards to play so isnt boxed in like the Greece situation ended up and even that took some time with alot of hedge funds targetting that market.

Easiest thing now is UK needs a good trade deal, that'd be enough to turn the tables on speculators. There is no real failure but a lack of growth is clear which brings fears of future stress from too much government spending.
All modern in debt governments should run a surplus and repay their debt and none of them ever seem to do that, common sense is not where politics exists sadly so its hard to predict the outcome as obvious.

Fortify

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Quote from: Mrbuck on February 10, 2025, 02:13:10 PM

If nothing improves a lot then UK might default.
Given on current situation no way UK can keep paying bonds/ gilts to holders.
Also the usa trump tarifs don't help either If it falls then someone need to bail out.

It's fascinating to see the indepth research and thorough analysis that you put into this. Your endless list of referenced material and opinions from experts is surpassed by none. Oh wait, you never offered a single shred of evidence or useful insight into why you think the UK, which hasn't defaulted for a very long time and is able to get some rather generous returns by selling government debt compared to other countries, is about to default. I'm guessing you've seen the recent sell off in the bond market, which happened weeks ago and I'll give it to you - was an excellent buying opportunity at the time, but those jitters have subsided and people who bought at the bottom at now sitting on excellent value but they're definitely not concerned about a default.

franky1

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scare story that bond holders wont get paid is just to get bond holders to sell their bonds.. this is because the elites are on a mass buying spree of bonds

Usdcboss

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Quote from: Mrbuck on February 10, 2025, 02:13:10 PM

If nothing improves a lot then UK might default.
Given on current situation no way UK can keep paying bonds/ gilts to holders.
Also the usa trump tarifs don't help either If it falls then someone need to bail out.

UK is interesting to watch...but i think they should make higher taxes and cut off spendings so they can serve their debts.

Perfect for UK would be take greenland there is a lot resources wich they can use to re-balance or offset their huge debt. Or simply...wich they all ready do is war with russia so they can win russia and get resources.

But all see that everybody is educated and knows that uk want to get desperately on hold the world.

Mrbuck

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Activity: 101

Merit: 4

If nothing improves a lot then UK might default.
Given on current situation no way UK can keep paying bonds/ gilts to holders.
Also the usa trump tarifs don't help either If it falls then someone need to bail out.

Topic: It seems like UK might default (Read 65 times)