I've mentioned many times to UK TI's ... and all of you: the ABP of TI ... Always Be Prepping.
Widescale bankruptcies of major UK towns/cities/counties ...
Widescale bankruptcies of major UK towns/cities/counties ...
@47PANADERO
3 hours ago
Many councils have mega 40 to 70 yr loans from City of London pin stripe loan sharks. Under these LOBO (lender option borrower option) loans, the lender can periodically (eg 5 yearly) impose a higher interest rate or demand repayment plus a massive penalty fee. Newham council pays 80% of council tax in interest to banks.
3 hours ago
Many councils have mega 40 to 70 yr loans from City of London pin stripe loan sharks. Under these LOBO (lender option borrower option) loans, the lender can periodically (eg 5 yearly) impose a higher interest rate or demand repayment plus a massive penalty fee. Newham council pays 80% of council tax in interest to banks.