You're right about the absurdity of it all.. but I suppose money talks, and people don't often think of the greater picture except personal greed. I'm just surprised about the wheat/rice shortage though, since Canada is supposed to be a greater producer of wheat.. and we're not that much into the bio-fuel ethanol craze as they are in the US.
Also, whatever happened to rice.. are people just eating too much and getting fatter?
Not too many people think about the food chain, our most important wealth
By the way.. this is a good article for the Bear Stearns case:
TheStar.com | Business | Bear Stearns orchestrated its own demise
"Bear Stearns signalled the credit crisis last summer when two of its hedge funds, stuffed with junk mortgages and other shoddy investments, could not be refinanced. Bear Stearns found it could no longer flip assets to the next sucker – a bank in Zurich, a brokerage in Frankfurt, another hedge fund in London, or a municipal government pension fund in Lyon."
Every single financial institution in today's banking world is involved in some sort of fakery or fraud.
Think about this in very simple terms.. where does money come from?
100 people paying 100 bucks a month rent require :
100 employers that payout 10000 bucks
a bank that provides this 10000 requires ... money coming from somewhere.
So, does the government/central bank just print money?
Sure -- you can say it's coming from another country, or investments, or exports or imports.. but really where is it coming from? either a central bank is electronically releasing funds ( which should technically cause heavy inflation ) or printing money. This doesn't even take into account the extra interest rate payments that need to come from somewhere for any sort of transaction, whether it's leaving the bank or - going right back to the bank eventualy. So where's the real wealth? who has it?
It's all a huge freaking game. We're just pawns.
The only real wealth anyone has is what they can hold in their hands, touch, or feel -- that isn't money. It's even better if you can eat it too
Earth is the greatest bank of all, and we seem to allow others ( smarter folks ) to sell it to us ( idiots ).