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alstry (35.09)

My What A STRANGE World It Has Become

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July 15, 2010 – Comments (1)

Insolvent countries loaning money to insolvent countries?

Insolvent countries bailing out insolvent banks?

Insolvent banks loaning money to insolvent countries?

Person's working for insolvent banks getting billions in bonuses......

An interesting legal question and moral issue arises when the world is insolvent.....who gets to be bailed out and who doesn't?

What is money when the issuer simply prints it up and hands it out to whoever it pleases?

Strange times indeed.....especially if someone realizes the world is insolvent.....

 

 

1 Comments – Post Your Own

#1) On July 16, 2010 at 2:09 AM, tomatoflu (< 20) wrote:

 

Stranger still, a Chinese credit rating agency has downgraded the US credit rating from AAA to AA. 

That's so strange, it will make a great plot for a Warner Bros banking blockbuster movie. 

"If one owes a bank a thousand dollars, he has a problem. But if one owes a bank a billion dollars, then the bank has the problem".

 

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