How Much Money is There in the World?

15
6.3K followers

How Much Money is There in the World?

Well, if all the money in the world were shared out, we would all have about $US55,000.

Perhaps calculating the income would be of more use?

The difficulty is that there are large amounts of virtual money in the world. Virtual money exists as digital money which is simply computer calculations.

The virtual money is probably more than the real money.

Derivatives.

It gets boring now as we look at derivatives which we give a value to whilst they actually do not exist in real terms. An example is Futures. Futures began when farmers needed “seed” money in the spring and had to borrow money to buy the seed. The banks lent the money against the security of the future harvest.

Yikes! This is getting heavy. Bear with me since we are nearly there.

The value of that future harvest changed according to the weather during the growing season.

The Real Derivative.

Here is the crazy part: the bank could sell the future harvest “mortgage” to another bank. (Just a minute, there is no harvest yet to sell.)

The Real Money

With companies and banks selling and buying things which do not yet exist, we have difficulty calculating the real amount of money in the world.

The Real Point.

There is plenty of money, both real and virtual, in the world. You cannot affect the balance of the world economies by making a million or two yourself.

You and I can make a lot of money without disturbing the balance of the world’s economy or making someone else poorer.

There is plenty to go round.




Login
Create Your Free Wealthy Affiliate Account Today!
icon
4-Steps to Success Class
icon
One Profit Ready Website
icon
Market Research & Analysis Tools
icon
Millionaire Mentorship
icon
Core “Business Start Up” Training

Recent Comments

25

Just want some $$ in my pocket to live life to the guest, not the max, but a fulfilling life!
Interesting post1
Pat B

Thank you Pat. Just shows how meaningless money really is and there are certainly things more important.

Isn't that reassuring!

Thank you for this interesting post.

Susan

Thanks Susan.

Nice post, it is hard to tell how much, because the powers that be just keep on printing and it creating it.

Yes, sometimes I wonder what exactly the meaning of money is.
I am not surprised that alternatives have sprung up.

Thank you for writing this.

Thanks for reading it Jill

I hope to get my share too. :0)

Hi Mark. Yes definitely. Spread it around a little more.

I love pleanty!!!

Me too Tim

This Much!

Thanks Richard
I like the graphic. It does leave out the "Virtual" money of derivatives which is even more staggering.

Good evening Peony,

If I would have $ 55,000 on my account it would be more than I have right now. All the other numbers are mind boggling and as it is late already and I am needing my beauty sleep I will leave it at this.

Greetings from the south of Spain, Taetske

Thanks Taetske. We can but dream. Gotta have a dream.

It's a pity people are going to sit on it once they have collected more than they can ever use in one lifetime, leaving a lack of it for others

Isn't it Loes.
Seems like there is plenty to share.

Yes there is, but not enough for satisfying the greed

Gotta be in the high trillions maybe touching a quadrillion by 2020!

Yes, the figures are so large it beggars belief.

See more comments

Login
Create Your Free Wealthy Affiliate Account Today!
icon
4-Steps to Success Class
icon
One Profit Ready Website
icon
Market Research & Analysis Tools
icon
Millionaire Mentorship
icon
Core “Business Start Up” Training