Lusty Posted January 30, 2009 Report Share Posted January 30, 2009 Ok,there's a global recession on at the moment,SO all the money,gold,gems etc hasn't all disappeared to the moon. So someone,somewhere must have it all? So where is all the dosh piles up? Link to comment Share on other sites More sharing options...
kamui Posted January 30, 2009 Report Share Posted January 30, 2009 Gold and gems are still there. The money wasn't printed money but virtual money which was never there in the first place. But the world economy and and especially the financial market made huge money from the gains by moving this money around. The US financial market (and many connected markets and banks world wide) was just the ultimate Ponzi scheme. Link to comment Share on other sites More sharing options...
.. Posted January 30, 2009 Report Share Posted January 30, 2009 That's it. That is why *this* recession/depression is such a big mess. The "gains in wealth" since ~1980 were really just smoke & mirrors (bullshit Reaganomics!). Loans were made on houses of cards, and are being called, and NO ONE can pay, biz nor consumers... As Kamui said, a Ponzi scheme. Those work well (for the originator) at first, but reach a critical mass and implode since they were all bullshit to begin with. Guess what stage we are in now? Cheers, SD Link to comment Share on other sites More sharing options...
Old Hippie Posted January 30, 2009 Report Share Posted January 30, 2009 The final stage? Link to comment Share on other sites More sharing options...
kamui Posted January 30, 2009 Report Share Posted January 30, 2009 The final stage? No one acutally knows if we already have reached the bottom. Many fear that there are even worse news ahead in the upcoming months... I hope that recission is long enough to oust the central (US) players of this Ponzi scheme and to rewrite some of the rules like cutting/earasing the Wall Street bonuses. Link to comment Share on other sites More sharing options...
Faustian Posted January 30, 2009 Report Share Posted January 30, 2009 Japan's output just fell a record 9.6%...biggest fall in history. Lots more to come, it seems the reality of the belt-tightening ahead has just begun for some. Link to comment Share on other sites More sharing options...
pe7e Posted January 30, 2009 Report Share Posted January 30, 2009 The final stage? No, not anywhere near, think of it as a roller coaster ride taken at midnight, we've just gone over the first drop and are still accelerating on our way down into the unknown. I think we're in for quite an interesting ride, I feel sorry for those with debts, it will get real nasty for some, others will get rich. You need a moving market to make money, and the market will certainly be moving for quite a long time to come. Link to comment Share on other sites More sharing options...
cavanami Posted January 31, 2009 Report Share Posted January 31, 2009 Still going down. The countries, other then the USA, are starting/keep going down. Everyday, Japan has more layoffs, more losses, just for on foreign country. The USA unemployment continues to climb. Hang on...we still have a ways down to go...maybe 2010 or 2011, start to go up? just a WAG (Wild Azz Guess)... Link to comment Share on other sites More sharing options...
Weird Posted February 2, 2009 Report Share Posted February 2, 2009 Money goes to those willing to risk taking it. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted February 9, 2009 Report Share Posted February 9, 2009 That's it. That is why *this* recession/depression is such a big mess. The "gains in wealth" since ~1980 were really just smoke & mirrors (bullshit Reaganomics!). Loans were made on houses of cards, and are being called, and NO ONE can pay, biz nor consumers... As Kamui said, a Ponzi scheme. Those work well (for the originator) at first, but reach a critical mass and implode since they were all bullshit to begin with. Guess what stage we are in now? Cheers, SD I would say we are in the begining of the first stage. When people start to really realize that all the money that was taken out of their paycheck for Social Security and Medicare and their employer's same contribution, never, ever got to their Social Security and Medicare account, they will be pissed off but it will be too late. The government scammed the people and the people will go their slaughter like little sheep. Ponzi svheme. Link to comment Share on other sites More sharing options...
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