Great news that our world leaders are now poring mega trillions into the international economy to resolve the global credit crunch and revive our falling property prices. The disturbing question for me however is, where is all this money suddenly coming from?
Did governments have it stored up in new notes, hidden away for a rainy day? Not a very responsible investment plan I would have thought. Perhaps they borrowed it. But from whom? Did they blow the dust of their gold reserves and are they putting in real cash, or just signing off against some sort of international journal entry,
And who will pay for it all in the end ?
What ever the answer the question still remains, where's it coming from and why should the world put itself into hock to rescue a bunch of irresponsible, under regulated financial cowboys.
And If there is this sort of 'bottomless pit' financial resource available, how come it hasn't been used to solve the worlds huge humanitarian problems, feed house and educate the poor, fight cancer etc., etc.
Perhaps it's simply because there's no profit in it?
A letter to my unanswered question
7 years ago
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