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What If No Oil Had Been Discovered In The North Sea?
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When would have paid off our loan from the USA?
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No best answer has yet been selected by inksplotter. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It seemed like a mere heartbeat between Gordon Brown proudly announcing the end of the loan and the country being dragged into the sub-prime/CDO mire.
At the time, I misunderstood Brown's statement to mean "Britain is finally debt free". Given the billions of punlic borrowing backlash, which helped the coalition elected, this clearly was never the case.
Anyway, it was longer than 40 years to pay it off…
http:// www.pol itics.c o.uk/ne ws/2006 /12/29/ britain -finall y-pays- off-wwi i-debt
At the time, I misunderstood Brown's statement to mean "Britain is finally debt free". Given the billions of punlic borrowing backlash, which helped the coalition elected, this clearly was never the case.
Anyway, it was longer than 40 years to pay it off…
http://
Sandy, in both world wars America was reluctant to become involved in what they regarded as a European struggle. In addition the large number of Americans of German origin made it as likely that if they joined it would be on the German side rather than any other. After the first war they were appalled by the desire to blame and punish Germany, but couldn't sway the peace treaty negotiations. After the second war they took the view that if Germany (and Britain) were not given aid then the damn Russkies would proffer it and all American hope of controlling Europe would fade.
Smashing things down is good for the arms trade.
Building pulverised cities back up is good for the construction trades and shows up on the balance sheet as 'growth'.
At least that's what cynics might say - along with some speculation as to whether the industrialists lose any sleep over the human costs.
Building pulverised cities back up is good for the construction trades and shows up on the balance sheet as 'growth'.
At least that's what cynics might say - along with some speculation as to whether the industrialists lose any sleep over the human costs.
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