A customer brought this up to me today, and Ive only had a little bit of time to peruse deeper into it but he made me think. From Enrons lost billions to wall streets and out banks. Money just doesnt disappear.

Someone buys the paper to resale ect be it bad paper or not the one who sold it still gets the proceeds. If I lose 10 dollars and it blows into a forrest to not be found or ten dollars in a grocery store that someone else picks up and then spends.

How does Billions of dollars go unaccounted for in the economy, or is the whole thing money that never existed on peoples mortgages and credit cards. Which still means they were bundled and sold to others in securities.

Just thought Id see others opinions.

( not sure of this source just one of the first sites Ive read )
http://newsbusters.org/forums/latest-news/where-all-missing-money-24742

its not that its unaccounted for, the item has a lesser perceived value. My Barry Bonds Autographed rookie card was worth 300 at one point, now..$75, not like i misplaced $225.

A customer brought this up to me today, and Ive only had a little bit of time to peruse deeper into it but he made me think. From Enrons lost billions to wall streets and out banks. Money just doesnt disappear.

Money disappears just fine if it never existed in the first place. That house was never worth $500,000. That stock was never worth $50/share. That "jobless recovery" was still a recession. You can float a lie for a while, but eventually someone down the line tries to cash that promise in and well, you've seen 2008.

I guess this article as well as the conversation today made me think this.


Fake inflation numbers masked crisis



http://articles.moneycentral.msn.com/Investing/JubaksJournal/fake-inflation-numbers-masked-crisis.aspx

How does Billions of dollars go unaccounted for in the economy, or is the whole thing money that never existed on peoples mortgages and credit cards.Funny money that never existed, and people who either lie about it (hi Enron), or trade in non-existent goods. My house value increased drastically when I first purchased it, but the materials didn't change, the value was imaginary. The market crashes, and lets say homes in Phoenix devalue by 30%. I could sell this house, and buy a home across town in a more expensive neighborhood, but the change in value is more or less consistent. That value never existed.

As long as values don't drop too far, I'm glad to see the decline in housing costs where I live. It was very hard to sell here, because homes were so over valued, and with new neighborhoods going up there was no reason to purchase a home here.

I guess the money goes to who was buying the funny money so to speak. Paper that wasnt worth anything. and the money they paid for nothing that was worth something when they bought it. Who bought the package of notes why did the seller disapear. Where did the money go?>

And it doesnt make sense.

There is no money, as we would understand pounds or dollars. It is all credit, broken promises and paper currency.

That can easily dissapear.

If I convince you that beanie babies are somehow worth hundreds of dollars, you proceed to buy dozens of them on eBay, then everyone realizes how stupid that is, did money disappear?

Our economy is no different. A house, stock, or even dollar is only worth what people agree on, and that is subject to change at any time.

If I convince you that beanie babies are somehow worth hundreds of dollars, you proceed to buy dozens of them on eBay, then everyone realizes how stupid that is, did money disappear?

Our economy is no different. A house, stock, or even dollar is only worth what people agree on, and that is subject to change at any time.

So true!

I have collected sports trading cards since my son was small, and have even set up tables at some card shows, and made some damn nice change at times (such as Randy Moss' rookie season, when I made about $900 one weekend shortly before Christmas selling his cards at full Beckett value). When you see the price on something going up dramatically, if it is something you have and do not really need, you sell for the profit; or, you can try to be real greedy and hope that it keeps going up, and hold onto your item until the market changes and then try to unload without taking a loss. The thing is being able to decide at what point you sell your item.

I sold my Ken Griffey Upper Deck rookie card for $400, and then he left the Mariners and had some injuries and that card was dropping in value like a rock. But, it was just a piece of thin cardboard with a picture on it that was valued by some to be worth a certain dollar figure; it was never worth more than anyone was willing to pay for it.