bank crisis!!!!

All In London Forum
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srejic7
what do we all think of the current world bank crisis?

i was watching tv tonight and they did an evaluation of the stability of the countries in the world yesterday - like the world bank and imf etc did it - and the rankings were:

canada - number one (most stable)
australia - number two (second most stable)

usa - number 40 (in the toilet)
england - number 42 or 44 (in the sewers)
Posted: 2008-10-09 14:32:01
TheMog
Yeah, it's not looking great at the moment.

I wouldn't worry about it though, in a few weeks it'll all turnaround and the papers will be telling us that we're killing the planet again. Interesting how that isn't important when people are worried about money and there's a US president to elect isn't it? :smug:
Posted: 2008-10-09 15:45:39
The-PinCushion-Queen
its strange how numbers make a big difference and how paper with numbers on is worth so much LOL

i just think its kinda strange :-?
Posted: 2008-10-09 22:59:12
Elliex
oh well....
Posted: 2008-10-10 13:16:50
srejic7
yesterday the uk lost 8% on the stocks as soosn as it opened, so did germany, the usa and australia - crazy
Posted: 2008-10-11 01:59:26
jacqs
its all magic money anyway, now you see it and now its gone!!!!!
But where? thin air i guess as it never exsisted in the first place, except on some balance sheet based on gained interest in the distant future?????????
Posted: 2008-10-14 10:12:20
srejic7
ORIGINAL: jacqs

its all magic money anyway, now you see it and now its gone!!!!!
But where? thin air i guess as it never exsisted in the first place, except on some balance sheet based on gained interest in the distant future?????????


pretty much - yet that non existent money has the most influence, bit of a rip off ey?
Posted: 2008-10-14 13:05:11
jacqs
oh yes i agree,
Remember is not real until:
that is of course until the fat cats need their big fat cat bonus, then the money is there alright......
Posted: 2008-10-14 13:44:51
srejic7
indeed it is - funny how that happens - the head honcho at lehman brothers - thats bank in the states that collapsed walked away with 700 - 900 million USD
Posted: 2008-10-14 15:41:20
jacqs
I bet most of that was made from the nasty ppi front loaded loans that the banks are no longer to sell!!!

Anyone get caught out with that?
Posted: 2008-10-14 17:10:00
barnslou
Doesn't love make the world go round ??

Hmmm, 50 posts, and only half way through the month. Cheque please !!!

x x x x
Posted: 2008-10-15 19:48:11
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