[–] [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.
[–] 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 6 points 6 points (+6|-0) ago
[–] bio_matosis 0 points 3 points 3 points (+3|-0) ago
It's all an illusion :-/ I feel disappointment now, what am i going to do with my life
[–] [deleted] 1 point 1 point 2 points (+2|-1) ago
[–] carlos_ojeda [S] 0 points 4 points 4 points (+4|-0) ago
Especulation.... If they want to "cash" their money, they wouldn't be able to
[–] [deleted] 1 point 1 point 2 points (+2|-1) ago
[–] carlos_ojeda [S] 0 points 1 point 1 point (+1|-0) ago
Them, as the people from the website?
[–] carlos_ojeda [S] 0 points 4 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.
[–] demi_god_dylan 0 points 1 point 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.
[–] 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
[–] demi_god_dylan 0 points 1 point 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.
[–] Rellik88 0 points 1 point 1 point (+1|-0) ago
The rest is all made up.