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View Full Version : Worlds financial system in meltdown



shafty
08-06-2011, 09:12 AM
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??

admin
08-17-2011, 12:45 PM
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

kristen5412
09-16-2011, 10:15 AM
Thanks for sharing...!!!!!