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[cem_devecioglu]

yes.. as I said money never evaporates..
 
"The leak of 2m emails and other documents, mainly from the offshore haven of the BVI, has the potential to cause a seismic shock worldwide to the booming offshore trade, with a former chief economist at McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) stashed in overseas heavens"
 
seems like while poor citizens blaming and fighting each other and struggling for some food, some live in the heaven on earth.. and thats called the "system" 
 
http://www.guardian.co.uk/uk/2013/apr/03/offshore-secrets-offshore-tax-haven
 
 
 

[cem_devecioglu]

imagine what can be done with this money to build a better world for humans instead of staying in those offshore accounts..

[tigers_gonads]

It does if my missus gets hold of my wallet 
Or that's what she says 

[cem_devecioglu]

It does if my missus gets hold of my wallet 
Or that's what she says 

 

[Rods2]

imagine what can be done with this money to build a better world for humans instead of staying in those offshore accounts..

Most of it will be doing exactly that as the figure for the bank account is just a number. The bank will have loaned out or invested about 94% of it (the other 6% will be its capital reserve), this is how the fractional banking system works. Money doesn't sit in piles in vaults waiting for you to withdraw it. 

Ask people in Cyprus where their two main banks invested in Greek bonds for them to take a 75% haircut. 

[Vamps]

Money may never evaporate but Whisky does, or they are making the bottles smaller and not changing the labels..........

[dbdb]

imagine what can be done with this money to build a better world for humans instead of staying in those offshore accounts..

Most of it will be doing exactly that as the figure for the bank account is just a number. The bank will have loaned out or invested about 94% of it (the other 6% will be its capital reserve), this is how the fractional banking system works. Money doesn't sit in piles in vaults waiting for you to withdraw it. 

That's just the tip of fractional reserve banking, the 94% is lent to people, they spend it and the people they buy from put it back in a bank, which keeps 6% and lends it out again meaning 94% of the 94% namely another 88% of the original amount can get lent out again.  When that gets spent and comes back to a bank, 94% of the 88% namely 83% of the original gets lent out etc...

It doesn't necessarily mean a better world for humans though depends on who they lend it to.  If they took the £21 trillion off the 1% and gave it to the 99% it might, which I think is cem's point.

[Sir Tigger KC]

It doesn't necessarily mean a better world for humans though depends on who they lend it to.  If they took the £21 trillion off the 1% and gave it to the 99% it might, which I think is cem's point.

If you took the £21 trillion off the 1% and gave to the 99%, they'd spend it on crack, booze and plasma TV's (not necessarily in that order) and I'm not sure that would make a better world!