I'm wondering if anyone has knowledge about the way world economy works.
I've read a bunch of stuff, and it seems like the more I read, the more confusing it gets. I can tell by the previous posts that there is a lot of knowledge here, and different perspectives help see the whole picture.
I have a lot of ideas about what happens, but often, my 'take' on things is slanted because I read a lot of my news from less than reliable sources..
I don't want to argue. I DO want to learn as much about the world as possible.
Working in insurance, I am fascinated at the way our company (Fortune 500) makes investments, looking years ahead, keeping the total 'investment' higher than the value of all claims that could be submitted. I think the guys who do that are the 'actuaries' and they work with accounting
I'm not important or anything, basically doing data entry, but the whole process is really interesting-- It's important to me, because the example of how our insurance company 'balances claims' is one of the few 'macro-economic' interactions I really understand.
I grew up in the 80's (Savings and Loan scandals, Ollie North etc.) My one question then, (and now) is really tough to answer--
When they talked about the economy and national debt, I always wondered who in the heck the money was owed to. I couldn't understand it. As I learn more, it seems like every country is in debt like that. Something to do with 'fractional reserve banking' ?
Please post more... this is really tough stuff... thanks!!!
Does anyone else know more about how this works...