Where has all the money gone?
Answer: It's exchanged hands and sucks to be you those whose hands aren't holding the bling. . .
Some countries are going bankrupt:
http://afp.google.com/article/ALeqM5gubB-M2kk0F7WS6_QrhZnLG-hKGA
http://www.nytimes.com/2008/10/10/business/worldbusiness/10icebank.html?_r=1&oref=slogin
We all (I assume) know our situation here in the US so there's no need to post links.
Some countries are doing just fine:
http://www.cnn.com/2008/WORLD/meast/10/12/tallest.building.ap/index.html