How much money is there?

[Stefan Haertel]

Does anybody know if there is an estimation/calculation/theory on how much money is currently flowing around in the world? That would include both capital of governments/countries and private people/companies etc. If there is such a calculation, can somebody direct me to a citeable source?

Thanks

 

[Abaddon]

nothing... if you include everyone its valueless.

 

[Birdjaguar]

Do you mean like a gross world product? A GNP for the world?

 

[Bartleby]

Well I have €2.99 in my pocket.

 

[Evil Tyrant]

I don't know, but I wish I had more of it.

 

[Stefan Haertel]

Do you mean like a gross world product? A GNP for the world?

Yes. The sum of the money that currently exists in the world.

 

[luiz]

The world's GDP is of 43.92 trillion USD as of 2005.

In reality there is more money in the world, though, as savings and etc are not included in that number.

 

[Shaihulud]

It is as much as we want it to be.

 

[Quentin]

The world's GDP is of 43.92 trillion USD as of 2005.

In reality there is more money in the world, though, as savings and etc are not included in that number.

Well he did ask for "how much money is currently flowing around in the world" so that's about right I think. I'm quite interested to know where you got that figure though.

 

[El_Machinae]

Remember, money buys man-hours. So, assuming 2 billion working people - that's 16 billion potential man-hours per day in productivity. Wow.

Things like education, motivation, tools, and health can then increase that productivity. And specialization can reduce cross-production.

Wow.

 

[Hornblower]

I once read that the the amount of loose change that people in the US had in piggy banks and down the back of the sofa was estimated at $16 billion USD. That seems like a hell of a lot of coins not being used.

 

[Sidhe]

Currency in and of itself is worthless but it is a promise to pay the bearer the amount in gold or whatever given by any government. Inflation is a way to take your inherent wealth from gold gems or whatever and make it go further. Print more money which of course makes money worth less but the incresed amount enables you to decrease your debts which leads to inflation falling. Answer nothing money is worthless it merely represents inherent wealth in another substance.

 

[Stefan Haertel]

Currency in and of itself is worthless but it is a promise to pay the bearer the amount in gold or whatever given by any government. Inflation is a way to take your inherent wealth from gold gems or whatever and make it go further. Print more money which of course makes money worth less but the incresed amount enables you to decrease your debts which leads to inflation falling. Answer nothing money is worthless it merely represents inherent wealth in another substance.

Oh, I never asked about currency. I asked about the value.

luiz' answer is what I wanted to know, but I still need a citeable source.

 

[Aphex_Twin]

According to the US Federal Reserve, there are now around $720 billion in directly avalible currency and about $10 trillion as a grand total. But that's just in dollars. It's not really possible to add up all the world's currencies.

 

[luiz]

luiz' answer is what I wanted to know, but I still need a citeable source.

http://www.cia.gov/cia/publications/factbook/geos/xx.html#Econ

 

[Irish Caesar]

Somehow, the world is $12.7 trillion in debt.

 

[History_Buff]

That doesn't really seem possible. People may have debts adding up to 12.7 trillion dollars, but somebody has to be owed this amount, so it all has to average out to zero.

Although I'm sure it becomes hard to work with nowadays since whatever government just says to its bank, "you have this much money now, go nuts."

 

[Sahkuhnder]

That doesn't really seem possible. People may have debts adding up to 12.7 trillion dollars, but somebody has to be owed this amount, so it all has to average out to zero.

It is possible due to depreciation. I can buy a new car for $30,000 and get a loan for the full amount. Once I have the car for awhile it is no longer worth $30k anymore as an asset, but yet I still owe the bank almost the full $30k I borrowed when I purchased it. Hence, I owe more than I have in assets.

 

[Riesstiu IV]

Let me call up our Zionists overlords in Israel and find out.

 

[Nobody]

Shouldnt the sum of money on earth be eqaul to the value of everything that is owned on earth