Is an economic collapse near... ??
0 Comments Published by Alex on Sunday, September 16, 2007 at 11:38 PM.
Newspapers try to keep a low profile about the UK financial troubles... as well as all news websites... however, the big news is:
http://money.guardian.co.uk/news_/story/0,,2169950,00.html
Basically, this reminds me of what happened years ago in Argentina... remember? ppl got worried and went to banks to withdraw money and the bank had to close down, simply because money DO NOT EXIST. Banks take money from you, then when you ask them money, they just type the sum on a computer and ask you to pay that sum plus interests.
The whole ssytem is wicked.
However, it might be crumbling at last.
http://money.guardian.co.uk/news_/story/0,,2169950,00.html
Basically, this reminds me of what happened years ago in Argentina... remember? ppl got worried and went to banks to withdraw money and the bank had to close down, simply because money DO NOT EXIST. Banks take money from you, then when you ask them money, they just type the sum on a computer and ask you to pay that sum plus interests.
The whole ssytem is wicked.
However, it might be crumbling at last.
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