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#1
10-12-2008, 08:48 AM
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Money
Been wondering about the financial crisis? All of that lost cash,Where Did It Go?
This might help explain, Money as Debt 
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#2
10-12-2008, 09:26 AM
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Re: Money
The simple answer is that it just disappeared. It didn't "go" anywhere.
Think of it as lost value. A house that would normaly sell for 200K is found to be located on top of a toxic waste dump site- its market value goes to nothing. The cash didn't go anywhere, the fair market value just changed. This is much like the $10 trillion loss of wealth in 2001 when the NASDAQ went from 5000 to 1200. Nobady ever mentions that little recognized fact!
__________________
Getting home is more important than getting there! Plan accordingly!
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#4
10-12-2008, 10:47 AM
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Re: Money
One of the best 47 minutes I've spent in a long time viewing the "money as debt" video. I was worried about my "money" last week, now that I've watched the video....what's beyond worried??? Thanks for the education....I guess thanks.
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