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[–] Antiseed117 ago 

And about 80 people own half of that wealth. It's a slave new world.

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[–] 3dk 0 points 1 point (+1|-0) ago  (edited ago)

What in the flying fuck are derivatives even? I've barely heard of them other their role in the financial crisis of 2008. I had no idea it was such a huge thing.

The way I understand it, they are nothing more than bets? So the thing with the most value in the world economy isn't industry, or services, or real estate, but these abstract bets? Is this where the money from central banks goes? I thought it was supposed to actually end up in the economy to promote growth? It all sounds inflated and completely detached from reality to me. I hope it won't all come crashing down in my lifetime.

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[–] tb20 0 points 1 point (+1|-0) ago 

That's why you buy and hold assets.

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[–] demi_god_dylan 0 points 1 point (+1|-0) ago 

And it's all effectively worthless because currency as we know it is a human construct, and has no true value or purpose outside of us. However still interesting to know just how much money really is out there roughly speaking.

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[–] carlos_ojeda [S] ago 

Definitely! I always thought that the "physical" money would be a much more part of the "actual" money that is out there

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[–] demi_god_dylan 0 points 1 point (+1|-0) ago 

Why would there be more cash bill or coin, with computers such as they are and international trade being as advanced as it is, it's necessary to move a lot of money quickly, which is hard to do when most of it is cash. Also keep in mind that a lot of our money as a species is tied up in buildings, possessions of any and all kinds, stocks and savings bonds, and a whole lot more, so 5 trillion is probably on the very low side if all of that is accounted for as well.

[–] [deleted] 1 point 1 point (+2|-1) ago 

[Deleted]

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[–] carlos_ojeda [S] 0 points 1 point (+1|-0) ago 

Them, as the people from the website?

[–] [deleted] 0 points 1 point (+1|-0) ago 

[Deleted]

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[–] carlos_ojeda [S] 0 points 4 points (+4|-0) ago 

I miss-read your comment. No, I don't work for them. I am an active user of the website.

[–] [deleted] 1 point 1 point (+2|-1) ago 

[Deleted]

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[–] Invisible32 ago 

They aren't even close to that. Not even one trillion.

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[–] carlos_ojeda [S] 0 points 4 points (+4|-0) ago 

Especulation.... If they want to "cash" their money, they wouldn't be able to

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[–] Rellik88 0 points 1 point (+1|-0) ago 

The rest is all made up.

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[–] 3827401? 0 points 3 points (+3|-0) ago 

and I owe more than twice that to paramount for copy right infringement

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