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[aaronjb]

But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..

There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..There's little farming here (not enough to support the population) and there'd be no farming overseas..

I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).

I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)

But there is (apparently) I am reasonably certain that ireland is our fifth biggest export market and less certain certain thait is worth £39billion presumably a year. Just what it is beats me . maybe Scotch whisky and Exmoor venison?!

Ooh.. I'm hungry now!

I was wondering as I drove home - if everyone went bankrupt.. who'd end up owning everything? Everything would just get shuffled around the creditors - although I imagine the banks would end up owning most of the world..

[Banjax]

But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..

There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..There's little farming here (not enough to support the population) and there'd be no farming overseas..

I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).

I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)

But there is (apparently) I am reasonably certain that ireland is our fifth biggest export market and less certain certain thait is worth £39billion presumably a year. Just what it is beats me . maybe Scotch whisky and Exmoor venison?!

Ooh.. I'm hungry now!

I was wondering as I drove home - if everyone went bankrupt.. who'd end up owning everything? Everything would just get shuffled around the creditors - although I imagine the banks would end up owning most of the world..

at a guess, I'd say the Queen and the Forestry Commission own most of it 

[albitz]

Technically, the queen owns all the land in the UK. When you have freehold on land you can sell it, keep it for life, do pretty much what you want with it, but technically, it is actually owned by the queen.
Anyway, getting back to the bailout - Even taking into account the UK financial interests in the Republic of Ireland, and also the small fact that I as an RBS share holder have a degree of personal interest - I dont believe the UK should be making loans available.
Their position is only as acute as it is due to the fact that they have tied themselves into the shambles of the Eurozone, and the major Eurozone countries have no realistic choice, in the short to medium term, but to bail them out to whatever degree it is needed. If one Eurozone economy collapses the others will follow like a house of cards, so let them dig themselves out of their own hole is my view on it.
I actually think the hole is probably too deep, and in the longer term, the Euro as a currency is probably doomed, as is the whole U.S.E experiment

[geoffr70]

agree Albs, I hope the U.S.E. is doomed