where did all this money come from? part 2

So to prove to yourself that this money doesn't really exist go through this mental exercise. to recap last time we noted that about 5 years ago there were 600 billionaires on the planet the top billionaire was somewhere around 70 billion. today there are approximately 3,000 billionaires on the planet and the top billionaire is at 128 billion and there are several billionaires that are around 90 billion where did all this money come from. well as you might imagine the money doesn't really exist. like back in the 1930s when everybody ran into the banks and wanted to get their cash. the cash didn't really exist. and suddenly everyone realized there isn't really any money. I think in the end their companies have value, but that current value is not backed up by cash. if all the guys that have this billionaire wealth sold all their companies tomorrow, who would provide the cash? the banks? no, the banks have very little cash, its working tied up in loans.so one or two top billionaires could cash out, but the cash doesn't exist to back all the value. as usual it's a giant value bubble. pop.

see how easily we created the next financial disaster?

God realized this was kind of a problem back in the bible. that's why there is debt forgiveness the 7th year.

Deut.15

[1] At the end of every seven years thou shalt make a release.
[2] And this is the manner of the release: Every creditor that lendeth ought unto his neighbour shall release it;he shall not exact it of his neighbour, or of his brother; because it is called the LORD's release.
[3] Of a foreigner thou mayest exact it again: but that which is thine with thy brother thine hand shall release;

This is only a guess but it is likely that the foreigner part was thrown in because of the harness of man's heart.