On Oct 9, 4:29 pm, Lone Wolf wrote: Gaar the world economy is one single electronically linked economy. All the world's banks are completely intertwined with each other, there are no safe havens Our banks depend on the 60% of their funding from overseas, there is no way they are getting it, the government is propping them up, they will collapse.
============ I will be the first one to admit that I am not an economist. I do possess common sense, and I do comprehend a "fiat Money System", wherein "money" is a commodity in and of itself, as opposed to a monetary system that is based upon a certain commodity, like gold or silver. Lone Wolf, under your theory, how could a government prop up a bank, if in fact "money" is non-existent and doesn't exist? --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
