Banks around the entire world are failing, and governments everywhere are bailing them out. Why are they failing? Because they have no money. They are all over-leveraged.
Simply put, they have no cash reserves - no cash on hand - to conduct their daily business with. A relatively small percentage of their depositors withdraw their money - for whatever reason - and the bank fails.
This is happening everywhere, and governments that have no cash reserves themselves - are borrowing money to give to the banks that have no money.
So what the hell has happened to our money? Do the Arabs(petro dollars) have it all? Do the Chinese(Wal-Mart and others like them) have it all?
Just what has happened to us that we find ourselves in this cashless mess?
The banks don't have the money. The governments don't have the money. The mortgage companies don't have the money. We average citizens sure as hell don't have the money.
So who does? And how did they get it all?
One thing for certain: All - and I mean ALL - the politicians are avoiding this question like the plague. They surely know the unspoken answers, and are deathly afraid of us discovering the truth, for should we learn of their culpability in this disaster, all those pampered and privledged political careers would be over in a instant.
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