Where has all the money gone during the credit crunch to leave everyone so much in debt?
Ok – we are now in the middle of this credit crunch and companies, banks etc have all lost money and are going to the wall but where has all this money gone?? It can’t just have vanished.
Related Items
- Where as all the money gone during the credit crunch?
Governments have put billions of borrowed money into their economies, to replace the money the financial systems have lost. So who now has the lost mo... - What can we the consumer do to start getting the money flowing again to put a stop to the economic downturn?
I am worried about our future everyone seems to have lost confidence in the banks and have now stopped spending money. I am interested to know what ... - How much money do I owe because somebody has borrowed for me?
If the UK government has a debt of one trillion pounds for us and there are sixty million people eligible to vote in the UK, how much money does each ... - How much money Can I save up before I have to put it in the bank to avoid the IRS and the Dumb tax laws?
I want to save money but I dont trust banks. How much money can I keep at home in a safe before its tax ivasion? ... - Can China create money out of thin air and lend it to another country to make money?
Can China do this just like how banks create money out of thin air via debt? Assuming the US pays back the debt, China will be richer. But, if US defa... - What can someone do when their credit card company raises the interest by 10%?
My girlfriend is South African and has got herself into debt with an mbna credit card. She has just got a letter through the post saying that the inte... - How can I get around paying credit card charges in the uk?
I have a Barclay card, and they charge me £12.00 for going over the limit or for paying too late. I read in the papers over the summer about how the b... - How can I survive the credit crunch ?
Credit crunch has been experienced by most people, even if most of them try to deny it. While some people claim that they are not affected by the econ... - How can I become debt free ?
If you were to thrown a stone towards a group of people on the street, chances are you will hit someone who is experiencing some sort of debt at the m... - How much money should a parent spend on their kids clothes?
My mom took me back to school shopping, and we left with 4 shirts, 2 shorts, and 2 jeans. It cost about $150. Is my mom cutting it cheap or am i overr... - How much alcohol is too much during pregnancy?
I am 33 weeks pregnant and have drank on several occasions while I've been pregnant. Everything I've read basically states that drinking a small amoun... - How much money do you actually get when you sell broken gold?
I want to sell some old gold pieces. The places to sell gold is endless....And, know that gold is trading at an all time high, I think its over $920.0... - How much money would be needed to open a brothel in Nevada?
My friends and I are interested in doing this together and we were wondering how much money would be needed to start a brothel legally? Like licenses ... - How much money could one expect to make scrapping a washer and dryer?
In the Northeast region, and stripping the machines down into separate metals? ... - How much maternity leave do you get in India?
My wife and I are expecting our first child in Feb '08. She is planning to take time off from work after her delivery, to take care of the baby. We ar...
August 30th, 2010 at 8:21 am
There was no money, the numbers people were playing with on the stock exchanges didn’t add up at the end of business.
August 30th, 2010 at 9:01 am
That is exactly the point the money never existed in the first place, people were, and still are, up to their necks in debt, buying things they did not need, with money they did not have, and could not repay.
August 30th, 2010 at 9:31 am
What happened is that banks instead of lending say $6 per 1$ they take in, they were loaning $12 per 1$ that they were taking in. This is what is causing the credit crunch. We have too many people with too much outstanding debt that they can not pay. You have to remember that most credit cards, mortgages, and loans are paper money not hard greenbacks. When a bank writes off a debt that is getting rid of paper money off of their books. In reality, since the money is paper it does just vanish. A good example for this is a house that loses value. The house did not change but the perceived value of the house changed.
August 30th, 2010 at 10:23 am
Money is debt…..debt is money. That pretty much sums it up. A lot of people don’t really know how our banking system works. Lets say you take a loan out for a car. Lets say it’s $50,000 The bank that deposits that is only liable for 10% of that ($5,000). So the rest ($45.000) the bank can use to make loans………In doing this they are creating fake money. Watch this it will tell you more about it.
http://www.youtube.com/watch?v=wTyZ0Z9xb_A&feature=channel_page
August 30th, 2010 at 10:35 am
It wasn’t there in the first place
August 30th, 2010 at 11:15 am
Everyone who? The banks? They gambled with money that they didn’t have – that they had borrowed off other banks, against assets that were not worth the paper they were written on.
August 30th, 2010 at 11:23 am
Money isn’t being lent because our government keeps changing the rules.
I would never lend you $1000 if in 4 weeks you came back and told me that you can’t afford to pay me back so all you will give me is $300 and the government and the courts back you up.
The government is now toying with the idea of allowing bankruptcy judges rewrite the terms of mortgage loans. Great for the borrower but who will lend mortgage money again, and at what rate? The risk of not getting back your investment is too great.
We are sitting in a cesspool of unintended consequences from interference and manipulation of our government doing things in the name of being fair and compassionate. No one can fail, but it is at the cost of those that choose to succeed.
November 9th, 2011 at 10:11 pm
creighton lane flan porn cabbages orio blomfield anything doda