It does make you think, if everyone is in debt who actually has the money nowadays.

Truth is, nobody. Money doesn't exist, only the idea truly exists and the whole world has lost confidence in that belief and so everyone is poor.

Because of this, the whole world being pretty much poor as a poor thing, why don't we just quantitatively ease the entire planet?

I see that torches are out again

I meant these torches

I meant these torches :

I see that torches are out again, I better go and leave you to it

Here here. No doubt the government will chuck more of the publics money at trying to sort out this damn mess.

I like the idea of being held responsible for late payment, although gaol seems a little harsh, for a first offence - you don't then get a chance to sort it out.

But at least it gives people an incentive to live within their means.

It's "Hear, hear".

http://en.wikipedia.org/wiki/Hear,_hear

Jail for being in debt? That's barbaric, which is probably the reason it was abolished here all the way back in the 19th Century.

And look where it has got us... People with so much debt, they haven't a hope in hell of paying it off, let alone all at once, if the creditor turns up and asks for their money.

Like I said, gaol for a first/minor offence is a bit extreme, but if you are a regular offender or have a large debt, perhaps facing gaol, instead of just declaring yourself bankrupt and carrying on, would make people think twice about taking on such large debts or ripping people off - just look at all the businesses that build up debt, go bust and the owners start over or bugger off with their ill-gotten gains.