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Reply #7: Interesting question. [View All]

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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-18-10 10:07 PM
Response to Reply #2
7. Interesting question.
It's quite a conundrum that they're trying to con their way out of.

"All the money" is an enormous ocean of (mostly stolen) liquidity sitting in the black holes most commonly referred to as hedge funds but they have several other names as well. But that's not really correct either as these funds really have paper leveraging and betting on the actual money which is really nowhere.

So they/we now have a situation where the "winners" of this game have amassed fortunes so vast that there is not enough product on earth to ever cash in. IOW, these people/entities "own" more of the world than actually exists because currencies are not tied to any real value. So, the richest have paper assets that depend on a system for value that the excessive imbalance of their assets cannot support.

If the world, like Iceland and Greece, refuses to bear the cost (which they neither incurred nor enjoyed the profits from) the system will inevitably collapse, so it is the uber-wealthy that have the greatest interest in perpetuating the system. But so far they adamantly refuse to pay for it without a hefty return, so who knows? :shrug:


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  -The take home is very, very simple: we can delude ourselves that the game can be won (it can't),... Subdivisions  Mar-18-10 09:15 PM   #0 
  - why would anyone unrec this?  readmoreoften   Mar-18-10 09:19 PM   #1 
  - So  BeFree   Mar-18-10 09:34 PM   #2 
  - Interesting question.  Greyhound   Mar-18-10 10:07 PM   #7 
     - One historic answer  BeFree   Mar-18-10 10:21 PM   #9 
        - I'd go much further. This system was sufficient for 500 years ago when  Greyhound   Mar-18-10 10:48 PM   #12 
  - To whom is all this debt owed??  pocoloco   Mar-18-10 09:35 PM   #3 
  - i believe pension funds  amborin   Mar-18-10 10:03 PM   #6 
  - Oh GOP throw up your hands. There is nothing can be done. BY YOU.  The Wielding Truth   Mar-18-10 09:38 PM   #4 
  - I am in agreement. Just posted this...  HCE SuiGeneris   Mar-18-10 09:57 PM   #5 
  - Perahaps all debts should be forgiven...  Ozymanithrax   Mar-18-10 10:16 PM   #8 
  - Problem is they just keep shifting the day of reckoning and inflating new bubbles.  metapunditedgy   Mar-18-10 10:28 PM   #10 
  - Ellen Hodgson Brown says:  Holly_Hobby   Mar-18-10 10:31 PM   #11 
 

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