So where have all these billions of dollars gone?

[moXJO]

So where has all the billions of dollars gone from this current mess???
Who ends up with the money?

 

[Garpal Gumnut]

Re: So where have all these billions of dollars gone

mox mate, what you have to realise is that the billions never existed in the first place. Its all borrowed money, internal fiddling of the books, and smoke and mirrors. Its been a huge scam.

gg

 

[brty]

Re: So where have all these billions of dollars gone

moXJO,

Did the money even exist in the first place??

Which billions do you refer to??

brty

 

[dhukka]

Re: So where have all these billions of dollars gone

money heaven

 

[nomore4s]

Re: So where have all these billions of dollars gone

money heaven

lol, or money hell

 

[moXJO]

Re: So where have all these billions of dollars gone

mox mate, what you have to realise is that the billions never existed in the first place. Its all borrowed money, internal fiddling of the books, and smoke and mirrors. Its been a huge scam.

gg

So the central bankers create a lot of it? I have a very vague idea of how it all works. But from where were the loans initially created?

 

[nomore4s]

Re: So where have all these billions of dollars gone

So the central bankers create a lot of it? I have a very vague idea of how it all works. But from where were the loans initially created?

moXJO, read this thread (click here) especially the posts by lakemac

 

[Smurf1976]

Re: So where have all these billions of dollars gone

So the central bankers create a lot of it? I have a very vague idea of how it all works. But from where were the loans initially created?

Computers create the money "out of thin air". That's it. There's no physical gold, silver, zinc or even lead involved.

The closest it comes to that is coal, oil etc to generate electricity to run the computers. But that's a pretty indirect link between the coal and money creation since central bank computers are a trivial share of total electricity use.

Fiat currency is borrowed into existence. It's money backed by debt rather than metals etc. A loan is taken and the money is thus created on a spreadsheet somewhere. That's it. It came from thin air and that's where it largely goes back to in situations such as we've seen recently.

All this is generally referred to as the "printing press" but the days of physically printing all the notes on actual paper are long gone.

 

[nioka]

Re: So where have all these billions of dollars gone

It is like the story of the king who had no clothes. Except it is a story of people borrowing and lending money that was only a figment of someone's imagination. Suddenly the boy at the back said "there is no money there" and everyone realised that people were selling shares that they didn't have for money that didn't really exist and at the same time buying McMansions, fast cars, and travel etc that did exist, using credit lent to them by the owners of the nonexisting money.
This depressed them and so THEY have a depression which they expect us to suffer with them.
The money was never there. It is like someone making a promise that they never intended to honour. So now they will print some monopoly money so people will continue to play the game.

 

[moXJO]

Re: So where have all these billions of dollars gone

moXJO, read this thread (click here) especially the posts by lakemac

Some fantastic posts by lakemac. He cleared up a lot of questions I had in one thread.

 

[Kimosabi]

Re: So where have all these billions of dollars gone

Fiat currency is borrowed into existence. It's money backed by debt rather than metals etc. A loan is taken and the money is thus created on a spreadsheet somewhere. That's it. It came from thin air and that's where it largely goes back to in situations such as we've seen recently.

An important point that not many people realise regarding our debt based monetary system is that when you buy something with debt based money, you don't really own it.

How can you own something when it has been purchased with a debt based monetary unit?

So when you think you own shares, property, cars, boats, etc, etc... You don't if you purchased these things with Debt.

You think you own these things but it's all an illusion.

When we bother to go do a bit more research we discover that all of the Birth Certificates, Land Titles etc, etc, are actually used as security on the debt to the International Bankers who created the money out of thin air in the first place.

 

[Happy]

Re: So where have all these billions of dollars gone

How can you own something when it has been purchased with a debt based monetary unit?

Agree with the debt purchase, but what about something you bought for cash?

It looks as real ownership to me

 

[nunthewiser]

Re: So where have all these billions of dollars gone

i think cheech and chong described it perfectly....."up in smoke ...thats where the money goes................"

 

[Glen48]

Re: So where have all these billions of dollars gone

It is all to do with greed and Human expectations. If you can't find a buyer what is it worth?


A house on a lake with 50 acres of lush green valleys sounds good and you would think yes I would buy that but what if it was in Northern Russia and you had to walk 100 K to get there not ph or power how much would you pay?

Some one buys an item and he seller puts the money in the Bank which is lent to the next sucker so he can buy a house.
Any one want to buy a Buggy whip factory?

 

[Tysonboss1]

Re: So where have all these billions of dollars gone

So where has all the billions of dollars gone from this current mess???
Who ends up with the money?

Money is just an idea,.... It isn't real.

Cash is real in the sense that it is a coin or a piece of paper that actually exists but the currency that it represents is just an idea in our head.

For example if you added up the value of all the Property, Shares, Coal oil gas etc ,etc. there would not be any where near enough phisical cash to back it.

If you doubled the value of both the australian Property and stock markets over the next month we would all seem very rich on paper,... but if 50% of us tried to cash out at once there would not be the money available in the system so the price crash and we would all be poor again (on Paper).

Money and value is just an idea.

 

[sam76]

Re: So where have all these billions of dollars gone

i think cheech and chong described it perfectly....."up in smoke ...thats where the money goes................"

Ummm I no expert on paint (as you can tell)

 

[Glen48]

Re: So where have all these billions of dollars gone

It is all to do with greed and Human expectations. If you can't find a buyer what is it worth?


A house on a lake with 50 acres of lush green valleys sounds good and you would think yes I would buy that but what if it was in Northern Russia and you had to walk 100 K to get there not ph or power how much would you pay?

Some one buys an item and he seller puts the money in the Bank which is lent to the next sucker so he can buy a house.
Any one want to buy a Buggy whip factory?

 

[moXJO]

Re: So where have all these billions of dollars gone

If the central bank runs the show then just how far are they willing to take us into this current drop? Surely they would be shooting themselves in the foot if they allowed a total collapse of the fiat system. Maybe they will shake out any bullish sentiment.

 

[fimmwolf]

Re: So where have all these billions of dollars gone

So where has all the billions of dollars gone from this current mess???
Who ends up with the money?

Just look for some newly retired American bankers

 

[nunthewiser]

Re: So where have all these billions of dollars gone

Ummm I no expert on paint (as you can tell)

that just about sums it up ........ Go the leaders of our financial world .hahahahahaha