With banks going bust, and businesses closing all over the world, will someone please explain, in simple words: WHO'S GOT ALL THE MONEY?
reccession
- Thread starter emmerson2
- Start date
The scabs who live in the trailer parks in the USA. Phantom mortgages that everyone bought into.
Cheers
Alan
Cheers
Alan
Considering the size of all the debts, there must be more people in trailer parks than the the world population.
Somehow I do not think that defines the whole story.
Somehow I do not think that defines the whole story.
We're talking about billions and billions here, not just small change. When a company like Toyota talks about losing a billion dollars this year, the world is in serious financial trouble,even if you just use the American billion as being 1,000 million so someone, somewhere has to be accountable. We can't blame Gordy for all of it, can we?
I always thought a billion was 1 million million, but that really is serious numbers.
I always thought a billion was 1 million million, but that really is serious numbers.
Yes Gumbo, I understand what you've said, but money only has value as a means of purchase, so are you saying that all the world's wealth is now in material things? If so, where is the big bag of money that we started with?
Or am I just being extra thick?
Or am I just being extra thick?
Russian Oligarch's bank accounts!!!!
Saudi Oil Sheikh's bank accounts!!!!
Exploded bullets and bombs in Irag and Afghanistan.
Flipancy asside.
There's is wealth out there and not all business are in trouble just the comodity ones. Globally my parent company is in good shape and can take a further 40% downturn in the worldwide economy. 40% is HUGE in the market we operate in.
Not saying we're immune just less exposed to the Banking loses that started the snowball rolling. Also we have to hold (by Law) a certain amount of capitol to service our business. For instance if our liabilities are
Saudi Oil Sheikh's bank accounts!!!!
Exploded bullets and bombs in Irag and Afghanistan.
Flipancy asside.
There's is wealth out there and not all business are in trouble just the comodity ones. Globally my parent company is in good shape and can take a further 40% downturn in the worldwide economy. 40% is HUGE in the market we operate in.
Not saying we're immune just less exposed to the Banking loses that started the snowball rolling. Also we have to hold (by Law) a certain amount of capitol to service our business. For instance if our liabilities are
Yes but take our British banks all the money they had put away.Take the bank charges on there own went into millions. As Emmerson has said where has it gone? Who or what has got all the cash. You just watch I bet these bankers get more bonuses just as soon as the dust settles.
This money is like the pot of gold at the end of the rainbow.
The main problem stems from the fact that a lot of people were spending money that was secured against assets.
It is now these assets that are being called into question as to what their real worth is.
The main problem stems from the fact that a lot of people were spending money that was secured against assets.
It is now these assets that are being called into question as to what their real worth is.
100% Slowcoach,
Only now the Money has to be paid back, no more borrowing on these devalued assets is allowed so we can only Buy what we can pay for with Cash.
Funny Old World, that's what our Parents used to do !!!!!
Only now the Money has to be paid back, no more borrowing on these devalued assets is allowed so we can only Buy what we can pay for with Cash.
Funny Old World, that's what our Parents used to do !!!!!
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