Everybody says they lost money in the Finacial crisis so where did the money go? And who got it?

The money disappeared. What happened, in a nutshell is this. People invested in unproven investments.

They thought those investments would increase in value forever. Since they thought that, they were willing to pay prices that had no basis in fact. When people realized those "assets" were worthless, they lost not only the money they paid for those "assets" but also the "value" they thought those assets would sell for.

One thing you use "assets" for is to determine your net worth and you can use your "assets" to secure loans and credit. When those "assets" were shown to be worthless, those loans and credit had nothing to back them. Also since the person with the worthless "asset" was now in a financial hole, they defaulted on those loans and credit, which then rippled across the economy because it's an economy based not on savings and investment, but one based on debt.So the losses snowballed and became larger and larger.

In essence that money disappeared because it wasn't real in the first place. The only real money is gold.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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