View Full Version : Where has the money actually gone?
robert99
10-28-2008, 06:46 PM
We all know the obvious losers of the current financial crisis.
For every loss, someone has gained and the net wealth is transferred somewhere else, less any spent wealth lost in consumption, default or in warfare. USA (one major country) is supposed to have lost 60% and the whole rest of the world 40% in deleveraging "securities". Yet some parts of the rest of the World are already suffering the effects much more obviously.
Apart from ME Oil / China, economists don't seem to be theorising too much about the gained wealth that is stored away - how much it might be and how it might be spent / invested in the next few years. Any insights into these huge sums?
sammy the sage
10-28-2008, 07:59 PM
'"Any insights into these huge sums?""
Huge SCAMS you mean... :bang: :mad: :(
Might ask where has a good portion of the gold gone from Fort Knox while you at it?
jonnielu
10-28-2008, 09:36 PM
We all know the obvious losers of the current financial crisis.
For every loss, someone has gained and the net wealth is transferred somewhere else, less any spent wealth lost in consumption, default or in warfare. USA (one major country) is supposed to have lost 60% and the whole rest of the world 40% in deleveraging "securities". Yet some parts of the rest of the World are already suffering the effects much more obviously.
Apart from ME Oil / China, economists don't seem to be theorising too much about the gained wealth that is stored away - how much it might be and how it might be spent / invested in the next few years. Any insights into these huge sums?
There is no money. And, while you are wondering about the gold, whose property would it be????? And, whose property is it now???????
jdl
barn32
10-28-2008, 09:44 PM
We all know the obvious losers of the current financial crisis.
For every loss, someone has gained...Not true. The stock market is not a zero sum game.
JustRalph
10-28-2008, 10:52 PM
reach in your pocket
Pull out a quarter, Dime, Nickel
The quarter is now worth ten cents
the Dime is worth 5 cents
The nickel is now worth 1 cent
That is all it takes to understand it :lol:
To further illustrate it............The quarter was GM Stock :lol:
That is what Obama means by "change."
ponyplayer
10-28-2008, 11:41 PM
Is this like, aaaaah, redistribution of wealth? :lol:
robert99
10-29-2008, 10:31 AM
Anyone got any serious points to make or even understands the topic?
Bubba X
10-29-2008, 10:47 AM
Anyone got any serious points to make or even understands the topic?
1. The people who were smart enough to fade mortgage backed securities made out.
2. The guys who run the Private Equity firm who own 80% of Chrsler will make out if the gov't gives GM $10 Bil to help the merger will make out.
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