How much money is in the ENTIRE world?π
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Thatβs it? lol
Cool
All the “currency” in the world.
So US debt is more than 1/3 of all the money there is in the world right now. Wonderful…
Fun fact: currency is just a debt to the government. They issue currency and then they require that you pay it back in the form of taxes. This historical was used to fund military expansion.
Source: ‘Debt: The First 5000 Years’, by David Graeber
Itβs all fake, but supported by the belief that it is actually worth something.
So what? If you think about it hard enough everything is fake, but it works and thatβs all that matters
@@KonoDiavoloDaWry My point exactly.
The fact that the US only has 4 times the amount of money as those three is disgusting. I’m all for people making their bank but nobody should have anywhere near that
He was talking about their net worth, not the money they have in their bank account
@@officialalex2369 yeah, I know they don’t actually have that much hard cash laying around. But being net worth really doesn’t make it that much better. π Still pretty sad.
Thanks for validating my bitcoin investment
The US is so broke π’π’
The US is so broke π’π’
My question is, how much debt is there in the whole world? And then compare that to M2.
Damnit! You snapped to hard Humphrey!! Now all my money’s gone to paying bills!!! π€£π€£π€£π΅βπ«
Aaaand that’s why you should use the EURO. The 500β¬ bill is more compact.
paper currency is not money because it’s backed by nothing and loses purchasing power by the minute.
and specifically, the money in traveler’s checks is $90.00 world wide (just kidding)