10 trillion HOT MONEY

    "Around the world we have $10 trillion of hot money flowing around, more than the $9 trillion in hot money at the beginning of the global financial crisis," [Chinese Vice Finance Minister Zhu Guangyao] said

    WE COULD SPEND THIS MONEY ON
    - afghanistan and iraq reconstruction and extremists-pacification
    - wind power
    - food for starving people

    In the Philippines, the influx of short-term "hot money" in the first nine months of the year jumped 300% from a year earlier to $1.8 billion, according to the central bank. [2]

    The US recovery is faltering, thanks to an inadequate stimulus. After the midterms, an adequate stimulus is off the table.

    The Republican majority in the House of Representatives has taken a position against further stimulus spending as a matter of ideology, electoral politics, and, one would suspect, a cynical willingness to see the US economy go down in flames, as long as President Barack Obama's hopes for a second term go with it.Source URL: https://threemoonsevolving.blogspot.com/2010/11/10-trillion-hot-money.html
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