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Message Subject THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Poster Handle my2centsworth
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interesting movie, rollover, did you notice the riots were italy, greece, spain as well, part of what is actually occurring at this moment, wonder how a movie had such forsight
 Quoting: Anonymous Coward 1485380


All this economic trouble started in the late 1970's early 1980's.. at that time I was taking an investment course and studied insurance as part of that course. In 1981 Lloyds of London was insolvent, and the scoop at that time was, the world monetary system was in a state of collapse. In order to save Lloyds of London, at that time, all other insurance companies, rallied and took on some of Lloyds debt..Lloyds of London was supposed to be a top notch blue chip investment... and the world was not to know they were failing.... the problem has been growing ever since. What surprises me is that the world monetary system has managed to cover their tracks and stay afloat this long.
 
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