What I don't understand is where did all the money go, or maybe it didn't exist in the first place.

If A lends x trillions to B who again lends x times y to C, etc then everybody owes everybody lots of money, but so what?

Yes, I think there is some likelyhood that big bankers may go into gold, but then again gold represents to opposite of all the fictious money they all have got rich on(at least until recently). There has to be a 180 degree change in mentallity, and who knows it may happen

Interesting times, we may come up on top one of these days