if a country is skint......

[quinner]

if a country is skint.......who has the money..?

[maire]

if a country is skint.......who has the money..?

Three guesses Joe, and the first two don't count!

[quinner]

Three guesses Joe, and the first two don't count!

that is very clear maire.........lol

everybody is running around in a mad boom......loads of money floating about.....

then recession......where has the money gone...?

[Hagar]

There never was any but don't tell anybody. The money we think is in the bank is an illusion. It is created on the fly to allow us to buy stuff we can't afford and don't need to impress people that don't matter.

[quinner]

There never was any but don't tell anybody. The money we think is in the bank is an illusion. It is created on the fly to allow us to buy stuff we can't afford and don't need to impress people that don't matter.

but, if we can spend illusions in a boom......why not in a recession......

[Hagar]

You can only stretch credibility so far before being snapped back to reality. I think that is more or less what happened.

[quinner]

You can only stretch credibility so far before being snapped back to reality. I think that is more or less what happened.

my theory is......

money is just a receipt for work carried out.......

the more the boom carries on.....the less work is done for more and more money.....add that to what is ''given away'' for no work at all...

result.......recession......


while the ''given away'' money continues.......the recession lasts......

cut that down along with a fair amount of work for a fair amount of money......

result.......start of another boom.....

[boxman]

if a country is skint.......who has the money..?

The same people who always have the money. The rest of us just get to look at and play with it for a while.

[quinner]

The same people who always have the money. The rest of us just get to look at and play with it for a while.

lol......but where do they keep it......


because of inflation, hoarding money is losing money....

[boxman]

lol......but where do they keep it......


because of inflation, hoarding money is losing money....

They move it around Joe. China last year, Russia this, Uganda next year. Wherever the return is good, the workers are cheap and the government is greedy...that's about anywhere.