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Recently I have been noticed that when anyone speaks of a country a post will soon pop up with "They are broke" or "They are really falling off". I have seen it said from Spain to Mexico, US to the other side of the world. Which has me wondering. If everyone is 'going broke' then where is all of the money going ?
Who is actually winning ? Somebody is--money just does not disappear.
But then again this all could be summed up to say that anyone can make numbers say what ever they want them to say.
Recently I have been noticed that when anyone speaks of a country a post will soon pop up with "They are broke" or "They are really falling off". I have seen it said from Spain to Mexico, US to the other side of the world. Which has me wondering. If everyone is 'going broke' then where is all of the money going ?
Who is actually winning ? Somebody is--money just does not disappear.
But then again this all could be summed up to say that anyone can make numbers say what ever they want them to say.
Money doesn't disappear in your everyday life, but in the world of macroeconomics? You betcha! It's all about the organization of human productive capacity and utilization of resources, and that's dang complicated. The size of the global economy, that is, the total amount of wealth in the world, can expand or contract, so money (wealth) can be created or destroyed by the choices we make.
The real answer is the emerging markets. Many places in the third world have been developing economically and using up resources and getting a positive trade balance with foreign nations. People who haven't been paying attention don't realize how much money has entered these countries in the last decade because the people are still largely poor, but many millions of people have been lifted out of desperate poverty into more comfortable, if still very modest circumstances, and we also see a growing global middle class, especially in Latin America, China and India. This is good, not only because helping people achieve their aspirations is good, but because this development has substantially curbed unsustainable birth rates, and overpopulation in the developing world was/is a serious threat to global stability, the environment, and plenty of other nice things. Had to be dealt with eventually, and empowering people, especially women, financially through work is the nicest possible way it could have happened.
Who is actually winning ? Somebody is--money just does not disappear.
Yes, it does just disappear, if it was imaginary in the first place. There was never any "money", they just circulate some bills to make people think there is money. People who have "money" are simply the ones that are owed money by people who have debts.
How much "money" do you have? I have maybe about $200, and the rest of my "money" is just numbers on a printout from my bank every month, which they promise to give me as money if I ever go in there and make a fuss, provided there aren't very many people demanding money that day.
You can be handed the keys to a new Mercedes without any money changing hands. Mercedes Benz built a car on credit, it was shipped to the USA on credit, your MB dealer acquired it on credit, and gives you the car on credit. There is no money.
A country "going broke" just has poor credit and nobody trusts them enough to send them Mercedes or rice or toilet paper.
Location: A Very Naughtytown In Northwestern Montanifornia U.S.A.
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We have no credit cards, Our house is paid for, (but we lease it out and live in an apartment.)
Our one bedroom apartment with a great view (but with a few sketchy neighbors), includes everything but phone and internet and the rent is only $325. per month. We didn't have to pay any deposit or last months rent either.
We, just with a phone call somehow managed to get over $8,000 in old medical bills written off.
We are not broke but then we also manage to live too close to the poverty line for our comfort.
No problems with general living expenses but there is no way we can take vacations or buy a new car anytime soon. We also do not have any savings at all, just living from week to week and month to month pretty much as we have for most of our lives.
I don't know how most of our neighbors make it, perhaps they get food stamps or something.
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Too far away
