Subject: RE: Black Monday .
From: alanabit - PM
Date: 06 Oct 08 - 07:21 PM

I worked with bankers for over a decade, trying to teach them English. I learned a few things from them in return. Probably the most important single fact about money, is that the stuff does not really exist in any physical sense. It is basically the projection of the sum of a huge number of interdependent belief systems. Stocks and shares are part of it, import and export systems are another, holdings, profits and whatever other economic statistics you want to throw into the pot, are another. However, at the end of the day, whether there is any money there or not comes down to whether the bankers think there is or not. If they think there is, then the bullding projects run and the wages get paid. If they think there is not, then we are all buggered. I like to think optimistically. Nobody really wants the whole economic systems to run out of money. So at some stage, someone says, "There is money." And then there is