Return To The Giant Pool of MoneyOriginal epAnd this one explains how the whole mess happenedProbably the best ep they have ever done. The most sobering point was made near the end where they point out the pool was at 70 trillion as initially estimated in 2007 by the IMF is now at 83 trillion and it has actually GROWN. This was for two reasons:
1) Investors. They pulled their money out of investments and put into the pool in an effort to secure the money rather than lose it on investment.
2) Government. Central banks have pumped massive amount of cash into the pool. The world governments COMBINED annual budgets are 15 Trillion or one fifth of the entire pool of money. In effect this has jump started the system offsetting the credit crunch to prevent the system from collapsing in on itself. If credit markets do not recover soon and in a big way we may have only postponed the inevitable.
CKA Moderator 
