Tuesday, 28 October 2008

Where did the money end up?

The only place that I can think of is with some exceedingly rich people who have stashed gold bars under their beds.

What do you make of this riddle?

The bankers - maybe to some extent.

The people that sold houses but didn't sell them?

Why doesn't anyone talk about this?

Suspicious?

I am.

4 comments:

Anonymous said...

Clearly not suspicious enough to bother to inform yourself on basic economics. People do talk about 'it' - at great length and in many different fora, in fact. All you need do is take 2 minutes to listen.

Money is more than cash and bars of gold hidden under the bed, as this helpful BBC article explains:

http://news.bbc.co.uk/1/hi/magazine/7670313.stm

Geoff Dellow said...

Why is it that so many people like putting others down?

I am not an economist and this riddle puzzles me.

Is it wrong to express this? Now that you have kindly provided a link, I will see if it answers my question - or maybe it doesn't - I'll let you know.

Geoff Dellow said...

Having read this article I am still not satisfied.

This article is a layman's guide to what is a complex question. Being very good at mathematics, I have an intuitive sense that this is only half of the story. I feel absolutely sure that there are some manipulators of money that have made a fortune out of the current situation and the best place to put money these days is into commodities and the one that many people go for is gold.

When I get to the bottom of this I will report back.

Geoff Dellow said...

Having thought carefully about this subject, I conclude that two things have happened , both of which are being kept quiet.

1.People whose preoccupation is to make money have benefited from being one step ahead of the property 'game'.
(For those with massive mortgages - this is no game.)

2. The whole problem is that our problem springs from a crisis ( a massive one) of confidence. The minute that the public begin to doubt that the financial system is stable and on the up we are all in trouble.

My conclusion is back to something I've said before:
our most valuable asset are people:

Ourselves, our families, our families, our communities, towns, counties, country, humanity as a whole.

Put THINGS down where they belong, they are . . . . things.

A little more of a positive attitude to others, please.