Here is a little known fact, the UK treasury can issue its own currency debt free!
YES, that's right the UK treasury can issue its own currency and it would be created with no debt to anyone.
It has done it before and recently, just after WW2. The treasury openly acknowledge this but seem to prefer using Bank of England currency, which they have to borrow at interest!
Somehow this does not make sense. Why have a national debt is the treasury can it chooses not to, print its own money and payout in full
Corrupt you might think?
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