Money

[Mike]

What is money?

Governments are bailing out their countries with amounts
of monay that they don't have, so what is it this money?

One time Governments had hoards of "Bullion" to back up
their money, but not many have that, we don't because the
Tony Blair Government sold it all on the open market.

So money seems to be more of an entity, something that we
need and use yet we don't see it, especially in these days of
the plastic cards.

When this is all over, if there are many people left, will there
be a financial collapse, or will all the Governments in the
World just go ahead and print more MONEY?

Mike.

 

[Aunt Bea]

I don't believe that we will face financial collapse and I don't believe that we have passed the point of no return.

I do believe that we must seriously begin to pay down our debts and collect taxes in an amount that accurately reflects the cost of the goods and services we expect our government to provide.

The good news is that the ballooning debt is being financed at a time when interest is at an all-time low.

Moving/selling that low-interest long term debt into the private sector, pension funds, foreign countries, etc... could begin to resemble a game of financial hot potato if interest rates begin to rise and the underlying value begins to fall.

 

[Lee]

Canadian citizens have a high debt ratio, they owe about $1.65 for every dollar earned. So the governments will likely be in the same spot which is owing more than they bring in. Scary as the poop is going to hit the fan soon.

 

[chic]

Having money = the freedom to do what you want. Not having money - enslavement to others. Remember the feudal system?

 

[Aunt Marg]

I find it all insulting. No provisions exist for the everyday common working-man to hop aboard the bailout train, and as far as I'm concerned, the very same should be extended to big industry and business. Let 'em sink!

Fat cats above stuffing money into their pockets at a sickening rate, and all at the expense of the hard-working little man, with companies, industries, and corporations worth BILLIONS, let them liquidate, consolidate, refinance, and restructure, just like the working-man is expected to do when times get tough, and if a few go under along the way, good!

What is this, stockpiling assets and amassing net worth and fortunes, and then when times get tough, crying like babies as to how hard times are in hopes of having your pockets padded further? Shame on the works of them, and shame on our governments for spending taxpayers monies on the likes of!

 

[gennie]

When all the dust settles from this latest fiasco, we will find that the rich are richer, the poor are poorer and the middle class is almost non-existent..

 

[Aunt Marg]

The most troubling aspect of all this (for me)... knowing we still have hungry, homeless people on the streets.

Where is the financial stimulus packages for them?

 

[MickaC]

I don't have anything to add, that hasn't already been said.....all opinions are truer than true. As far as our future, we need to do the best we can, because relying on bail outs, once again, may only happen on invisible paper. So sad.