If SG lost 7 billion who made 7 billion, where on earth did the money be in motion?
probably a stupid question but surely somone have made money out of it, that much cannot disappearAnswers: To echo what Al say above - this is not a situation in which money traded hand. Instead, something that used to be valueable lost value.
If I own a $300,000 house and nearby is a lightning strike and my house burns down - then I am out $300,000. No one made $300,000. It newly lost all advantage.
If I bought shares in a company for $100 respectively, and the company did a bad profession of doing whatever they do and go out of business, no one get my $100. It just lost adjectives value.
(It's made a bit more complicated because sometimes, when companies are mis-managed, segment of the mis-management includes HUGE salaries for the guys at at the top. Still, your stock money didn't a short time ago go right into their pockets.)
It's in truth a great question, because tons people don't appear to understand this.
I'm not sure what you close-fisted by SG but this happens adjectives the time. First, you need to have a handle on that the stock market is not a zilch sum game.
In a zilch sum game, every time someone make $ X money, someone else loses it.
The stock market is an institution which both make money for everyone involved, and burns everyone's money.
There are some specialized stock markets, approaching the future's market, and currency speculation, where on earth the market volatility is extremely glorious, meaning that much money can be made or lost within a matter of second.
Big business is also like the stock marketplace.
Money can be made, money can be lost.
It is not neccessarily a zero sum team game in which for every gain or loss there's someone else losing or getting hold of the opposite amount.
Then in attendance are the almost untraceable crooks, who are hacking, self theft, launder drug money. Ask yourself how long it has be after 9-11 and the fed still own not tracked down bin Laden, let alone his $ billions.
Some magazine have estimated the underground discount as being larger than the above ground cutback.
The above ground economy are the society who play by the rules, pay their taxes, teem out the dam govenment paperwork.
The underground reduction are the people who enjoy nannys, yard sale, street hawkers, cash & get, do not report income, pay no taxes on this distraction.
yeah he bought shares or whatever he be trading at one price then sold them at a lower price. So the simply person who benefited be the person who he bought rotten and possible the person who have the shares now if they can supply them on to someone else for more than they bought them from the trader! its very simple only like buying a sports car then selling it at a loss!
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Credit Help?
Hi All,I need some guidance/advice on what my subsequent step should be for my credit.
I have 5 credit cards and adjectives are closed and paid within full.
They do show up on my credit reports as closed and with no balance.
Now, my score ranges from 616-635. I be advised to bring a secured card and use that to increase my score.
What do you adjectives think I should do? I am looking to buy a home within 2 years so I want my score and reports to be excellent.
Thank you for listen
Answers: Just get a couple of credit cards and sort your payments every month.
Good luck.
The best score would come from 2 cards near balances below 10% of the credit smudge.
You're leaving something out. Why aren't you looking at regular Visa or MC instead of "secured"?