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[–] gtaftwin 1 point 7 points (+8|-1) ago  (edited ago)

the high-end estimate for the value of all derivatives contracts is as high as $1.2quadrillion
That is huge!!!!

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

[Deleted]

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[–] SaneGoatiSwear 0 points 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.

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[–] SilverBanana 0 points 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.

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[–] 3833330? ago 

I don't see any reason to add that last sentence other than to be a condescending douche. You could just say "for those who don't know how this works..."