Quote:
Originally Posted by notime
I wish I did not read that. That's a bit disturbing and mind blowing if you think about it.
365 daily millionaires x 2009 years can't fix a problem with money (pallets full of 100 dollar bills as far as the eye can see...)
Maybe the source of the problem isn't money then.
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Well, that's the thing... there has never been that much money in a physical sense, only in a credit sense.
People borrowing $100,000, using $10,000 and insuring it for $1,000,000 using $100??? This is all well and good but where'd the money come from? Where did it go? Who has it now?
Once money became virtual, people started trading it and sharing it and using it and even insuring it with other virtual money.... and this big pile of nothing that was more valuable than a room full of pallets of $100's... eventually blew up due to the greed at the top, as they started to think they could just keep looping this virtual money in circles however many times they wanted.
The thing is, most of it never existed in the first place!! And now that the system has come crashing down, it all needs to be covered but... how do you cover it when there never was that much money to begin with?!?!
How do you pay off trillions in debt and insurance... with $100?!?!