Results 1 to 3 of 3

Thread: Worlds financial system in meltdown

  1. #1
    Member shafty's Avatar
    Join Date
    Dec 2010
    Location
    London, uk
    Posts
    82

    Worlds financial system in meltdown

    I dont usually take any notice of stock markets etc. But the fact that the wholw of Europe and the US are having a financial meltdown is worrying.

    What i dont understand though is how can the entire world owe money to someone??

    Surely the value of the world is in the resources of a Country, oil, diamonds, minerals, crops etc. So who is the guy sitting with the whole worlds balls in his hands??

  2. #2
    Administrator admin's Avatar
    Join Date
    Dec 2010
    Posts
    1,049
    I think the answer to your question is the banks.... From the federal reserve to the bank of England, they all seem to be run by the same small group of people. Money is no longer tied to the gold standard which means Countries just keep printing more worthless notes. Hence the value of your dollar keeps dwindling. I think the only end that can happen is a complete crash of the banking system. But i hope im wrong
    Live Long, watch TV and prosper

  3. #3
    Junior Member
    Join Date
    Sep 2011
    Posts
    9
    Thanks for sharing...!!!!!

Visitors found this page by searching for:

world;s financial system

financial systems meltdown

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •