The World’s Money Is Draining Away … Where’s It Going?

[Serpo]

(http://www.prisonplanet.com/the-worlds-money-is-draining-away-wheres-it-going.html)






Washington’s Blog (http://www.washingtonsblog.com/2011/08/worlds-money-is-draining-away-wheres-it.html)
Aug 13, 2011
Spiegel asks (http://www.spiegel.de/international/world/a-779008.html):
“Is The World Going Bankrupt?”
That is an odd question.
If some people are losing money, others must be gaining money, right?
But where is all the money going?
http://4.bp.blogspot.com/_oFZa8yk9ndQ/TK5cH9rsJLI/AAAAAAAAAn0/WJbJROWRj0Y/s400/dam_drain_6.jpg (http://4.bp.blogspot.com/_oFZa8yk9ndQ/TK5cDEWbB9I/AAAAAAAAAns/vSNN0Vx-LvM/s1600/dam_drain_3.jpg)
Bloomberg’s Jonathan Weil hints (http://www.bloomberg.com/news/2011-08-11/is-there-enough-money-to-save-world-s-banks-commentary-by-jonathan-weil.html) at the answer in a post entitled “Is There Enough Money on Earth to Save the Banks?”
Two years ago the central planners convinced investors that the biggest surviving financial institutions would be able to earn their way back to health, in part through low interest rates and taxpayer support. The pressing question soon may be whether there is enough money on the planet to save the system as we know it, and if so, how much longer it will be before a crisis comes along that finally swamps the ability of governments to contain it.
One-hit wonders such as Fed-induced stock-market rallies can induce euphoria momentarily. They don’t fix the big problem.
http://1.bp.blogspot.com/_oFZa8yk9ndQ/TK5c-f_X4EI/AAAAAAAAAoc/_HGfxkb-xps/s400/dam_drain_14.jpg (http://1.bp.blogspot.com/_oFZa8yk9ndQ/TK5c-f_X4EI/AAAAAAAAAoc/_HGfxkb-xps/s1600/dam_drain_14.jpg)
As I’ve previously noted (http://www.washingtonsblog.com/2011/08/bank-of-americas-stock-skyrocketed.html), the giant banks are drawing the American and world economy down into a black hole. If we don’t break up the giant banks now, they’ll be bailed out again and again, and virtually all independent economists and financial experts say that will drag the world economy down with them.
Indeed, many economists and financial experts say that we’ll have a never-ending depression (http://www.washingtonsblog.com/2011/08/never-ending-depression-and-scalping-of.html) or perpetual zombification unless the banks and bondholders are forced to write down their bad debt.
But the question remains: if all of the world’s money (of the Western world, anyway) is draining out, where’s it going to?
http://1.bp.blogspot.com/_oFZa8yk9ndQ/TK5cx8cdMmI/AAAAAAAAAoU/BCuucixB-6w/s400/34791619.jpg (http://1.bp.blogspot.com/_oFZa8yk9ndQ/TK5cx8cdMmI/AAAAAAAAAoU/BCuucixB-6w/s1600/34791619.jpg)



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Economists note (http://www.huffingtonpost.com/2009/10/15/fannie-freddie-and-citi-t_n_322603.html):
A substantial portion of the profits of the largest banks is essentially a redistribution from taxpayers to the banks, rather than the outcome of market transactions.
Indeed, all of the monetary and economic policy of the last 3 years has helped the wealthiest and penalized everyone else. See this (http://www.washingtonsblog.com/2010/11/its-not-great-recssion-its-great-bank.html), this (http://www.washingtonsblog.com/2011/06/america-is-being-raped-just-like-greece.html) and this (http://www.washingtonsblog.com/2011/07/big-banks-are-waging-warfare-against.html).
A “jobless recovery” is basically a redistribution of wealth from the little guy to the big boys (http://www.washingtonsblog.com/2009/06/what-jobless-recovery-really-means.html).
The Bush tax cuts and failure to enforce corporate taxes also redistribute wealth to the top 1%. See this (http://www.washingtonsblog.com/2011/07/its-simple-tax-cuts-for-middle-class.html) and this (http://www.washingtonsblog.com/2011/08/its-bought-tax-code-were-harvesting.html).
Economist Steve Keen says (http://www.washingtonsblog.com/2011/07/big-banks-are-waging-warfare-against.html):
“This is the biggest transfer of wealth in history”, as the giant banks have handed their toxic debts from fraudulent activities to the countries and their people.
Nobel economist Joseph Stiglitz said (http://www.cnbc.com/id/29848741) in 2009 that Geithner’s toxic asset plan “amounts to robbery of the American people”.
And economist Dean Baker said (http://www.washingtonsblog.com/2009/02/leading-economist-says-true-purpose-of.html) in 2009 that the true purpose of the bank rescue plans is “a massive redistribution of wealth to the bank shareholders and their top executives”.
The money of individuals, businesses, cities, states and entire nations are disappearing into the abyss …
http://2.bp.blogspot.com/_CutCumGq8-Y/SXKr_5BO-eI/AAAAAAAAA4E/v9Iss0ia1nQ/s400/20080328-building-at-edge-of-waterfall.jpg
… and ending up in the pockets of the top .1% richest people (http://www.washingtonsblog.com/2011/01/inequality-is-worse-in-america-than-in.html).




http://www.prisonplanet.com/the-worlds-money-is-draining-away-wheres-it-going.html

[Shami-Amourae]

Plastic Jesus!
http://www.infowars.com/images/david-de-rothschild.jpg

[ShortJohnSilver]

It never existed to begin with. That is, leverage made X Trillion appear to be in existence, but it never did exist. Unfortunately the fraud continues, the debts should be extinguished but instead the banks sell the thin-air-created crap to the govt and the people now "own" it.

[Trinity]

I say the money is going to any institution or person who owns these bonds in the form of a propped up bond market plus continued interest payments received.

[gunDriller]

i think it has something to do with the September 10, 2001 announcement that the Pentagon had lost $1+ Trillion. that wasn't the only announcement along those lines, i think the total "Pentagon lost" money was $2 Trillion +.

the short answer
Israel

the medium answer
Israel & their supporters.

the medium long answer
Israel & their supporters & business partners.

[Spectrism]

Real money was used to buy fake money. Fake money was used to buy fake assets. Paper and digital assets are only as good as the promise to pay of the one securing them.

We have many defaults happening. The money twice removed from real status is evaporating and the people or institutions that were counting on that fake-fake-money are losing perceived/expected wealth. This makes them change their lifestyle- unable to spend a defaulted fake-fake asset. These fake-fake assets were added to the "money supply" as money.

This is why we have had major bailouts and printed money- but only for the banksters. They do not want the taxpayers or those indebted to be off the hook. I think ultimately, their game will be confiscation of desired real assets and control of debtors.

[JDRock]

2 kinds of money. Paper fiat, and pm 's with intrinsic value. imo, its all in fort lox in israel....they need it to build their temple....AND, something is going to enrage the nations of the world to attack them as one the bible says.
prolly alot of nations are going to find nothing but plated tungsten in their treasuries......

[keehah]

Its not draining away, it is that the explosion of new money is not helping the middle class maintain its delusions. They also link it to black holes. That do not exist as they describe.

Lets just put it up to a corporate media full of delusions and lies.

Or in quote from our authority:


[ JUNE 11, 2011]
Top lives off the yield from the bottom...those above are supported by those below.

All the debt is owed to the top by the bottom and there is no way you will ever be able to escape because to pay it off causes the circulating money supply to shrink...the only way to sustain the existence of the circulating money supply which the top owns is to get into more debt.

Well there is another way...but the top has toilet trained the bottom to violently reject that way...because you have to sacrifice all your current hopes and dreams to escape the current method.

But once the system does collapse...It's inevitable...and all your hopes and dreams for the future are annihilated anyway...You all will desperately try to get them back by just doing over what led to the collapse to begin with.

You all have as much contol over your destiny as leaves blowing around in a hurricane do.

The bottom has been bawling like babies for all of recorded history...oh well...all your hopes and dreams for the future have a cost...which those below you have to pay in order to sustain them.

You never will mature...You all will never grow beyond the point you all are at currently and have been for the past 10 years...You all will never rise up above yourselves.

You all are floating around in your own personal self-delusional bubble...

The top keeps the bottom down...the top needs the bottom to continue as they are...The top wants the bottom to serve the top and do as the top demands forever.

People demand that I tell them who the top is...

It's easy to find the greatest barrier to the advancement of humanity...Just look into a mirror to find it.

But again...the top has trained you to reject that.

You can't possibily be responsible for any of what is happening...It's all everyone and everything else that is the cause...You are just a poor irresponsible victim.

"This is a staggering thought. We are completely dependent, on the (compounding interest) Commercial Banks. Someone has to borrow (Request the manufacture of) every dollar, we have in circulation, cash or credit. If the Banks create (At the request of the consumer) ample synthetic (All money is fiat) money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity, of our hopeless position, is almost incredible, but there it is. It is the most, important subject, intelligent persons can investigate and reflect upon. It is so important that our present civilization may (Not may...Will Inevitably) collapse (Implode), unless it becomes widely understood, and the defects remedied very soon." (the remedy will cause the premature implosion)--ROBERT H. HEMPHILL (Credit Manager of Federal Reserve Bank, Atlanta, Georgia 1938 )
http://hypertiger.blogspot.com/2011/06/just-because-its-legal-doesnt-mean-its.html