Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: PhilosopherStones

For point of reference, $1.3 TRILLION of market wealth was wiped out today in the U.S. alone. Over $3 TRILLION globally.


8 posted on 09/29/2008 7:26:59 PM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | To 1 | View Replies ]


To: ProtectOurFreedom
For point of reference, $1.3 TRILLION of market wealth was wiped out today in the U.S. alone. Over $3 TRILLION globally.

How do you replace that kind of money in the economy?

There isn't really anyone left to borrow from. Just printing up the money creates other huge problems.

If we don't recapitalize the markets soon, the entire economy grinds to a screeching halt. I've never been an alarmist before, but this is the most serious financial crisis I have ever seen in my lifetime.

17 posted on 09/29/2008 7:35:52 PM PDT by comebacknewt
[ Post Reply | Private Reply | To 8 | View Replies ]

To: ProtectOurFreedom
For point of reference, $1.3 TRILLION of market wealth was wiped out today in the U.S. alone. Over $3 TRILLION globally.

paper $$$$ --people who sold the stock at the high end originally have the $$$$$
63 posted on 09/29/2008 8:27:17 PM PDT by uncbob
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson