[–] SilverBanana 0 points 1 point 1 point (+1|-0) ago
Derivatives are counted from notional, not actual money changed. While large market, it is not this huge.
Most people do not understand how notional works.
[–] [deleted] 0 points 3 points 3 points (+3|-0) ago
[–] SaneGoatiSwear 0 points 1 point 1 point (+1|-0) ago
correct. the bank of international standards put out a valuation of around 729 trillion dollars notional.
realistically, they've got around 5 trillion in, like, cash they could pull out - - theoretically, since that's the same amount as there is money on earth...
which is a serious mind fuck.
[–] [deleted] 0 points 6 points 6 points (+6|-0) ago
[–] wattmar 0 points 5 points 5 points (+5|-0) ago
Nice link, thanks