'UK loses $600bn in credit crunch'
'The credit crunch, which has dragged the UK economy to the brink of
recession, has wiped �600bn from the wealth of the UK - more than �1m a
minute - since the crisis began a year ago, accountants said today. A
study by PricewaterhouseCoopers showed that housing wealth has
plummeted by $400bn while sharp falls in the share prices of banks and
financial institutions have wiped out another $200bn.'
The 'money' did not exist in the first place,
except in theory, and so it cannot have been 'lost', except in theory.
The 'money' system? It's all bollocks.
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