How can everyone be having an economic crisis

I mean, the money has to go somewhere. It doesn't just dissapear. If there are no jobs because companies have no money, the govt has no money, no govts have money.

Where did the money go. Did they just zap it or nuke it or what.

Someone has it. It doesn't just vanish. Every industry can't just slow down like that. They all spent it foolishly but where?

Simple accounting says if one spent then someone else recieved. There should be an ezual sum of money in the world somewhere. Every one can't be in a situation.


The music industry is failing, the housing industry is failing, banks are failing. Someone has the money it should be on someones books if it left someone else's. So who has it? Especially if they are printing extra US dollars. There should be money somewhere.

Every industry can't just go down like that.

I had some once but it just seems to go up in smoke

reply to post by siren8


Its called "globalization" which means, "economic interests, like banks, large corporations and very wealthy individuals are going to destroy your nation and its economy and with the help of your politicians, make off with as much of your nations wealth as possible before turning you all into low paid serfs, if possible, by literally indebting you to the same people who have ruined your economy."

reply to post by siren8

The poor are getting poorer while the richest of richest are getting even more rich. There is your answer

And music industry is mainly failing because they are still basically living in stoneage as well as the stupid loudness war.

reply to post by Illusionsaregrander

Its called "globalization" which means, "economic interests, like banks, large corporations and very wealthy individuals are going to destroy your nation and its economy and with the help of your politicians, make off with as much of your nations wealth as possible before turning you all into low paid serfs, if possible, by literally indebting you to the same people who have ruined your economy."

Except that everyone seems to be having an economic crisis. And who would those people be exactly. You mean some other country is rich and has all the American dollars meanwhile no one else has any? And who would those people be who we gave all our money to and never noticed it was missing till just now.

Money is an illusion. It only has a perceived value. The same goes for most traded and stockpile-able commodity's. So, yes, it did just disappear, kinda. One day a house is is worth $200,000(which you can trade for money or borrow against). The next day the value of that house suddenly drops to $100,000. Now the economy has $100,000 less to trade with. It hasn't been spent in cash as in $100 dollar bills. The value of what it can be traded for and the value of the traded items is what changed. At least thats how I understand it.

reply to post by juleol

The poor are getting poorer while the richest of richest are getting even more rich. There is your answer And music industry is mainly failing because they are still basically living in stoneage as well as the stupid loudness war.

So all the wise men out there who were cunning enough to acquire all this wealth just somehow lost thier marbles and forgot how to invest? Or they like seeing thier investments fail?

There isn't even a serf class if people aren't working. There are just people

reply to post by siren8


No, I dont mean some other country is rich. I mean that with globalization no "country" has to be rich. Money is being siphoned off into organizations like the IMF corporations and into the accounts of rich individuals and families. The whole point of globalization is to do away with nations.

You see "nations" particularly democratic nations, are "corporations" of people, who are, mostly, not rich. Just people. And corporations of people (including unions) can fight to make working conditions good for themselves.

So what do the wealthy want? To destroy all unions of people. And then, we cannot do anything but accept the terms they give us. When they are done destroying our sovereignty, they will relieve us of our military forces too, like they took guns away from most of the people in Europe already.

There will be one "global" military force, and it will be used to squash any small attempts the people have at forming nations and regaining sovereign nations again.

reply to post by Cthulhu33

Money is an illusion. It only has a perceived value. The same goes for most traded and stockpile-able commodity's. So, yes, it did just disappear, kinda. One day a house is is worth $200,000(which you can trade for money or borrow against). The next day the value of that house suddenly drops to $100,000. Now the economy has $100,000 less to trade with. It hasn't been spent in cash as in $100 dollar bills. The value of what it can be traded for and the value of the traded items is what changed. At least thats how I understand it.

Umm... except that houses apreciate not depreciate. That means a 200K house would be worth 300K. And that 300k is in a bank somewhere in money that can be spent as the value. I could still buy 300K of whatever I choose. Not that many houses dropped in value.

Even metaphorically speaking, say by "house" you mean any random commodity, the value of everything doesn't just drop like that. Some things here and there might but not everything.

Ask the top 5%. If you're a billionaire, it automatically makes you evil. No one needs that much money, and the only reason you'd ever be a billionaire is if you were purposely holding money over the heads of the middle and lower classes.

Even $500,000,000 is still hoarding. Let's do the math; (assuming almost everyone with $500,000,000+ in assets is 40+ years old and assuming they live to 100.) with, around 50 years of life left with that much you can spend more than $25,000 a day

365x50= 18250 days
$500,000,000/18250= $27397.26

Rich keep getting rich, poor keep getting poorer. 1 company I know of ... $12million profit per quarter, 30 employees make about $30,000 per year each. 13 cent/hr pay raise this year. Health insurance went up $185 per month, food skyrocketing, fuel skyrocketing, car insurance up. Along with everything else not mentioned. And the pay raise was about $22.50 per month

here ya go the GLOBAL ECONOMIC DIARRHEA EXPLAINED IN 3MINUTES:

you'll note the European economies are mostly socialist with massively unsustainable social programs. that my friend is where europes money went and we sent a bunch to Duetchebank through AIG...

reply to post by Illusionsaregrander

No, I dont mean some other country is rich. I mean that with globalization no "country" has to be rich. Money is being siphoned off into organizations like the IMF corporations and into the accounts of rich individuals and families. The whole point of globalization is to do away with nations. You see "nations" particularly democratic nations, are "corporations" of people, who are, mostly, not rich. Just people. And corporations of people (including unions) can fight to make working conditions good for themselves. So what do the wealthy want? To destroy all unions of people. And then, we cannot do anything but accept the terms they give us. When they are done destroying our sovereignty, they will relieve us of our military forces too, like they took guns away from most of the people in Europe already. There will be one "global" military force, and it will be used to squash any small attempts the people have at forming nations and regaining sovereign nations again.

Well, while some of that makes sense what doesn't make sense is how are all of these people going to get along as one nation? How are the rich people going to get along? And if any one is squashing any one its the unions who are doing it. Go to work for a unionised company and see how long it takes them to start pumping you for information they don't need. Stuff that is used as "security questions". Favorite movie, favorite vacation. It scares the crap out of me. The excuse I got was, "we want the supervisors to be your friend so we require them to ask the same qustions a friend would." No one else notices this but me.

The Unions are their chums, really.

The economic crisis stems from the creeping world realization that the money never really existed to begin with. The illusion is slowly fading from the minds of the worlds peoples. With this fading comes the realization that everybody has been duped into the belief that their time and labor is worth these little pieces of paper, the value of which is subject to change at the whim of tptb. Then credit was thrown into the mix, which is just more money that never existed. It is like the whole world exchanging IOU's for services rendered, when nobody can be taken by their word. Now the world wants to cash in these IOU's, but surprise, the IOU's are backed with IOU's, which makes it all worthless and moot. My brain hurts now. This is all conjecture, and probably as worthless as money.

reply to post by 46ACE

here ya go the GLOBAL ECONOMIC DIARRHEA EXPLAINED IN 3MINUTES:

That still has all the money vanishing. Where id it go. The best answer yet is the IMF fund someone mentioned. Now how the heck did some random fund just get started.

I just don't believe yours cause its my point that money cant just dissapear. If you loaned it someone else has it. if they spent it then they gave it to someone, so that someone has it. It can't just vanish off the face of the Earth like that.

How are the rich people going to get along?

It seems they already do.

reply to post by Bobaganoosh


The IOU's are money vanishing. If I loan you $100, then you spend it on your kids BD presents, the store has the money, The store uses the money to buy more toys, thus the manufactures get the money. They use the money to pay the electric bill, the utitlity sompany ahs the money.

Its still in someone's hands, it doens't vanish. It doesn't dissapear. It should still be in the economy somewhere.

Originally posted by siren8
reply to post by 46ACE

 

here ya go the GLOBAL ECONOMIC DIARRHEA EXPLAINED IN 3MINUTES:

That still has all the money vanishing. Where id it go. The best answer yet is the IMF fund someone mentioned. Now how the heck did some random fund just get started.

I just don't believe yours cause its my point that money cant just dissapear. If you loaned it someone else has it. if they spent it then they gave it to someone, so that someone has it. It can't just vanish off the face of the Earth like that.

Goodpoint:
Well here it was simply transferred to the superwealthy while we told our legislators"not just no but hell no bailout!"
Timmy! Ghietner: ex Goldman Sachs; Hank Paulson: ex Goldman Sachs; the list is longand includses almost every treasurey position. we got robbed;plain and simple.and ourlovely govt (both parties) held the backdoor tothe treasurey wide open stood around watched and handed out shovel/bags and hotcoffee.

reply to post by siren8


Ok. Well, I told you. And I told you pretty clearly. One of your other posts tells me you really dont have any economic understanding at all.

Houses dont have to appreciate. Of course they can depreciate. Supply and demand sets price. Houses WERE appreciating because banks were loaning money freely, and that kicked up demand for houses, and that drove up price. But it was false demand, and when the bad loans collapsed, the market was left with way too much supply (too many houses) and not enough demand (no one can buy them.)

Its good you are asking the questions you are, it shows you want to know, but you need to let go of the idea that unions are you enemy. Lol. Unless you are very rich with a lot of employees, they arent your enemy. In fact, it is YOUR enemy that is telling you that unions are your enemy. In order for anything going on in the world to make any sense at all, you need more than propaganda to get you through.

reply to post by BlackStar99

It seems they already do

Apparently so.