Thousands of lending institutions *all the over the world* are reporting loses that boggle the mind. According to Weiss Inc. USA the sum as of a few days ago was $182 Trillion dollars. If these lending institutions didn't shred the money who did they lose it to?? Do you think the recipients of the so called lost money declared this money as income?? Do you think the recipients of the so called lost money paid a nickel in income tax?? Unless the laws of physics have changed (Nothing can be created or destroyed); somewhere there is $182 Trillion shredded dollars, or somewhere there is $182 Trillion dollars in an account/accounts, or somewhere there is $182 Trillion dollars hidden under a mattress, or I desperately need some help from a financial adviser.
Fred