Holy global panic Batman. Stockmarkets around the world have plunged raising fears we are heading for a new world recession. Egads! America, Britain and Australia have all been left battered and bruised with billions wiped off their stocks. The meltdown is being blamed on Europe’s failure to dig themselves out of their finacial hole and America’s , well you know, 15 trillion dollar debt situation which could throw them back into a recession anytime soon. Happy Birthday Mr President
Tag Archives: world recession
Hmm, as I watch my superannuation disappear down the s bend, due to the recent world financial woes, a thought occurred to me, where did all the friggin money go? Money just circulates, it doesn’t just vanish. It has to be somewhere? So who’s got it? America ain’t got it and it seems Europe ain’t got it. Who’s got it? Saudi Arabia? China? How come no one is mentioning it? Shouldn’t we be a bit concerned about who has it? Trillions upon trillions of dollars simply vanishes and no one seems to be looking for it.Hmm, maybe we should narrow our eyes at the countries who still have banks! Well, banks with money.