Money...

When it just doesn't fit anywhere else.
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lesterb
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Money...

Post by lesterb »

Couple of interesting facts I gleaned from this site.

MONEY BORROWED:
As for money owed by every single person and country in the world, the grand total is $215 trillion, with some 33% of it borrowed in the last decade.
MONEY OWNED:
For purists, who believe “money” refers only to physical “narrow money” (bank notes, coins, and money deposited in savings or checking accounts), the total is somewhere around $36.8 trillion. If you’re looking at “broad money,” which isn’t just physical money and includes any money held in easily accessible accounts, the number is about $90.4 trillion.
MONEY OWNED IF YOU INCLUDE INVESTMENTS:
But for those preferring an even broader interpretation, including bitcoin BTCUSD, +1.56% , ethereum and other cryptocurrencies, plus above-ground gold supply, and funds invested in various financial products like derivatives, the amount is in the quadrillions.

This is what a quadrillion looks like written out: 1,000,000,000,000,000.

Funds invested in derivatives alone total at minimum $544 trillion, and the high-end estimate is $1.2 quadrillion. In fact, there is more money in derivatives than in all the stock markets combined, which is a comparatively paltry $73 trillion. The U.S. accounts for the biggest slice of that global market cap pie, thanks to companies like Apple Inc. AAPL, +0.56% , Alphabet Inc. GOOGL, -0.07% and Microsoft Corp MSFT, -0.12%

Investment in commercial real estate, often the most visible symbol of wealth, pales in comparison to stocks or derivatives at $29 trillion.
FIGURES ARE FROM 2015. ANYONE WANT TO TRY INTERPRETING THIS FOR US?
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lesterb
Posts: 1160
Joined: Fri Oct 21, 2016 11:41 pm
Location: Alberta
Affiliation: Western Fellowship
Contact:

Re: Money...

Post by lesterb »

For instance:

If we were to put the world up for sale as an operating business, what would it be worth? What would a Terra Firma Balance Sheet look like? And who would own the retained earnings account?
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