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Old 23-10-2011, 09:03   #108
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
Posts: 13,995
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Re: Eurozone will collapse...

What do you think interest bearing bonds are if they aren't borrowing? They're a promise to pay back a certain amount of money that has been provided in advance after a period of time with interest payable in the interim. Sounds like borrowing to me?

Printing money isn't 'usual' either, we've done it with our quantitative easing programme but this is not 'usual', it's very unusual due to its effects.
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