Quote:
Originally Posted by DWB
1) To put money in THEIR banks.
2) To inject money into THEIR economy.
3) Wealthy people will usually invest in some way into the area they are living.
They are not inviting the wealthy to come so they can have tea with them.
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Well...
These so called rich people do not seem to be investing in shit so what does it matter?
On a lighter note I watched 60 Minutes and there was a bit about how the financial collapse placed billions and billions of dollars into other peoples hands that did nothing but bet against the industry.
The Effect?
An enormous transfer of wealth occured and those people that got all the wealth are basically doing nothing with it.
So it is like all the hamburger workers got the wealth from the fall out.
They are not reinvesting, they are not opening business, they are basically just sitting on it.
Walls streeters and investment bankers are now getting shit tons of money but what they are doing with the shit ton they got is next to nothing though some are beginning to invest offshore in China, India Korea, South and Central America etc...
In short they are taking money else where. That much is obvious and confirms why Other countries are pressuring up incentives to relocate.