 Author |
 Post
|
 |
|
dot
Joined: Jul 29, 2007
Posts: 10
Poster Rank:
Soft-spoken
User is
Offline
Gender & Age: Female & 20
Country: Vietnam
|
Where does money go to?
April 17, 2009 - 12:37 AM
|
|
As I know in this economy crisis, many countries have to expense more money to save the enomy system of their countries or internaltional economy system. I have heard daily that someone lost money in monetary market and going to kill himself or about a man just find out 5$ per hour working...
but what is that huge sum of money going to while even the billionairs lost billion dollars?
|
|
back to top |
link to this post
|
|
sahr yillia
Joined: Feb 26, 2009
Posts: 33
Poster Rank:
Talkative
User is
Offline
Gender & Age: Male, 27
Country: Sierra Leone
Province/State: Western Area
City: Freetown
|
Re: Where does money go to?
April 17, 2009 - 12:53 AM
|
|
Money itself by character could only be useful or value when its is in good use or hands,
Some people say that money is the route of evil whereby good relationships could come to an end instantly just for the sake of money whiles at the same time, money could make good relationships.
However, in my opinion, money should go towards the liberation or reduction of human sufferings globally as serving more people means, meeting more needs otherwise, its should not be used to increase human sufferings globally.
|
|
back to top |
link to this post
|
|
speakup
Joined: Mar 28, 2006
Posts: 7
Poster Rank:
Soft-spoken
User is
Offline
Gender & Age: Male, 23
Country: Canada
Province/State: Ontario
City: Toronto
|
Re: Where does money go to?
April 18, 2009 - 08:39 AM
|
|
dotdot wrote:what is that huge sum of money going to while even the billionairs lost billion dollars?A lot of money is going into education. Yesterday I was talking to a group of professors, and they said that teachers have very secure jobs during recessions. This is because many people try to stay in school longer while waiting for the recession to end. I know many friends doing this so they do not have to look for jobs now.
I think that many large companies are losing money because people are not buying their products anymore. This might mean that people are trying to save money now.
Some governments are giving a lot of money to companies to keep them in business. Japan even gave out money to all of its citizens to stimulate the economy and encourage its citizens to spend more money.
This post was edited on: 2009-04-18 at 08:41 AM by: speakup
|
|
back to top |
link to this post
|
|
dot
Joined: Jul 29, 2007
Posts: 10
Poster Rank:
Soft-spoken
User is
Offline
Gender & Age: Female, 20
Country: Vietnam
|
Re: Where does money go to?
April 24, 2009 - 02:38 AM
|
|
Can you explain more about education? How can money go to education?as I know some universities have their own companies as Havard or YALE.
I think if someone can earn money from this econmy crisic, it would be a large sum.
|
|
back to top |
link to this post
|
|
speakup
Joined: Mar 28, 2006
Posts: 7
Poster Rank:
Soft-spoken
User is
Offline
Gender & Age: Male, 23
Country: Canada
Province/State: Ontario
City: Toronto
|
Re: Where does money go to?
April 24, 2009 - 09:47 AM
|
|
Good point- money would go to the companies that run universities and colleges, and also to people that work at those companies (teachers, support staff, presidents, etc). I don't know if it would be a large sum of money. If everyone else was losing money, it might seem like a lot, though.
|
|
back to top |
link to this post
|
|
dot
Joined: Jul 29, 2007
Posts: 10
Poster Rank:
Soft-spoken
User is
Offline
Gender & Age: Female, 20
Country: Vietnam
|
Re: Where does money go to?
April 28, 2009 - 01:18 PM
|
|
You wrote "Some governments are giving a lot of money to companies to keep them in business. Japan even gave out money to all of its citizens to stimulate the economy and encourage its citizens to spend more money"=> "but people try to save money more than spending them "=> SO BANKS HAVE KEPT A LOT OF MONEY? SO MONEY IS NOT RUN AWAY BUT MOVING FROM BANKS TO ANOTHER? GOLD,USD ARE INCREASING MAYBE ARE ALSO A PROVEMENT FOR IT.
As I know Yale's companies in the last crisis, when many companies were bankingrupts, its income were increased 15 %. But I don't think billions dollar go to its company.
I have an interesting search is pirates. We have spent a lot of money for them but the sum of money is still less than 1 billion.
I still wonder who will be the rich after this crisic.
|
|
back to top |
link to this post
|
|
speakup
Joined: Mar 28, 2006
Posts: 7
Poster Rank:
Soft-spoken
User is
Offline
Gender & Age: Male, 23
Country: Canada
Province/State: Ontario
City: Toronto
|
Re: Where does money go to?
May 7, 2009 - 12:17 AM
|
|
I guess so. I really don't know. It's interesting, though!
This post was edited on: 2009-05-07 at 12:19 AM by: speakup
|
|
back to top |
link to this post
|
|
Wangchuk Chungyalpa
Joined: Aug 8, 2007
Posts:
Poster Rank:
Tongue-tied
User is
Offline
Gender & Age: Male, 33
Country: India
Province/State: Sikkim
City: Gangtok
|
Re: Where does money go to?
May 22, 2009 - 02:12 PM
|
|
This has been categorized as one of the biggest financial crisis since the Great depression. It started in the United States and due to the global nature of the financial systems, has spread to other regions of the world. There are a number of reasons why this "financial crisis" has spread to all corners of the world but it initially started with the
subprime mortgage crisis in the US. In essence, homeowners defaulted on their loans which created huge losses for banks and insurance companies. The "bailout" packages in billions of dollars handed out by the US government from 1998 onwards initially was to provide these institutions – insurance, banks and investment firms mainly - from declaring bankruptcy.
Cont'd below due to text constraints...
This post was edited on: 2009-05-22 at 02:14 PM by: Wangchuk
|
|
back to top |
link to this post
|
|
Wangchuk Chungyalpa
Joined: Aug 8, 2007
Posts:
Poster Rank:
Tongue-tied
User is
Offline
Gender & Age: Male, 33
Country: India
Province/State: Sikkim
City: Gangtok
|
Re: Where does money go to?
May 22, 2009 - 02:13 PM
|
|
This financial crisis has been made worse by global economic recession and American economic recession. Since than, the US government has been passing “economic stimulus packages” in billions of dollars to boost institutional confidence and encourage banks to resume lending. The government has been actively purchasing and guaranteeing payments to banks and insurance companies on all their “bad debts”. The bailout/stimulus packages were also provided to other companies in other industry ie the auto industry in the US. Other governments in other nations likewise have been issuing stimulus packages designed to achieve the same purpose.
Of late, the issue has been protectionism and end of globalization as each national government pursue their own economic agenda, implementing policies to protect and safeguard their institutions. One thing is for certain, this “financial crisis” will bring about considerable changes in policies and framework in the global financial arena.
This post was edited on: 2009-05-22 at 02:15 PM by: Wangchuk
|
|
back to top |
link to this post
|
|
dot
Joined: Jul 29, 2007
Posts: 10
Poster Rank:
Soft-spoken
User is
Offline
Gender & Age: Female, 20
Country: Vietnam
|
Re: Where does money go to?
May 31, 2009 - 07:02 AM
|
|
banks, policy, insurrance have given money from Gorvenment.... these money also have used to pay for many things? It can not be disappeared.so who takes advantages in these payment that their asset is bigger and bigger?
I think you don't get my meaning yet.
|
|
back to top |
link to this post
|
|
|
Display posts from:
|
Home
Community
