Does anyone really know where all this money has gone? It just disappeared into thin air. George Soros and Obama Dems have done a terrific job of stealing our money and ruining our economic viability. All this was planned well in advance and was accomplished too quickly and easily - it boggles the mind. Hopefully someone will write a book and expose how Soros and his American hating pals totally destroyed our Nation.
Much of it never existed. It was a false prosperity based on inflated asset values that are now returning toward reality (but still aren't there yet).
The increase in value of your home for example only existed if you cashed out. The bubble was created by your government.
All of the “on paper” wealth is not all now in someone’s bank account. Some people cashed out and won, others made tremendous amounts of money betting against the bubble.
Wealth evaporated.
I was asked the same and my answer was.... it went to money heaven.
By the time such a book would be written, it will not be allowed to be written if things go the way I think they are headed.
Yes - it no longer exists. Actually, it never did. There is no pile of money associated with any investment. There's just a number on paper that shows what that investment would be worth if cashed in at that point in time.
If your 401K account showed a balance or $200,000 on March 3, 2007, and you decided to withdraw the entire amount (ignoring the legalities and penalties that might be associated), you would get a check for $200,000. If that same account had showed a balance of $140,000 on February 3, 2009 and you withdrew the entire amount, you'd only get a check for $140,000.