So if banks and countries and going bankrupt, exactly where is the money going?

  • Thread starter Thread starter GlasgowGirl
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I think Albert sort of sums it up. I would love to know how all of this has come about, wish somebody would explain it in simple terms.
 
its already gone, in the form of loans and mortgages to people who could never afford to pay them back, many of these people have defaulted, thus meaning banks havent got their money back, so cant afford to Loan more money out,
 
Just like that!
Switzerland and Monaco are still safe bets also Luxembourg and Lichtenstein that's where all my "Extras" are stashed.
 
As stated the money never existed in the first place and as people are calling in their loans no one can service their debts.

Watch... Money as debt

http://video.google.com/videoplay?docid=-9050474362583451279
 
It was only electrons in someones computer so why not have it disappear into thin air.
 
I've a horrible feeling it never existed in the first place. The bankers just took money on the never-never and paid themselves huge bonuses on it based on the over-inflated value of property and an exaggerated estimate of peoples' ability to pay for it. The booming economy was just in the imagination of unregulated capitalists who will now expect us to pay for their fraud.
 
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