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> biggest profit in 114 year history I hate stats like this. Of course it's the biggest ever, there is more money in circulation than ever before. You see thi

> biggest profit in 114 year history I hate stats like this. Of course it's the biggest ever, there is more money in circulation than ever before. You see this in politics a lot, a classic from the Teresa May era was "there are more kids going to schools rated Good by Ofsted than ever before." There are more kids alive than ever before, so it's not much of an achievement is it.

m000 4y ago
Can you explain then why our private bank accounts didn't see the biggest annual growth ever? There is more money in circulation than ever before!
- suddenclarity 4y ago
  I don't agree with the orginal statement because increased revenue doesn't necessarily equal profit but a simple explanation to your question is that the amount of humans increase. This results in increased demand bur doesn't mean that every person gets more. Similar how GDP has been increasing in Sweden for a long time but GDP per capita hasn't.
- abigail95 4y ago
  It did? Personal savings has the same "covid spike" in the graph as many other metrics do.
- ddtaylor 4y ago
  Most metrics do actually go up right now because of the massive inflation and the massive amount of money that was printed with the stimulus. I wouldn't argue that people are " richer" because they're purchasing power has been massively eroded, but across the board the numbers have went up technically.
- Am4TIfIsER0ppos 4y ago
  Inflation is designed to steal your money in a way other than taxation.
- deleted 4y ago
  [deleted]
boomboomsubban 4y ago
> Of course it's the biggest ever, there is more money in circulation than ever before. Did the amount of money in circulation double like their profits did?
- febeling 4y ago
  No, it went up 500X (USD, 1923-2023). https://fred.stlouisfed.org/series/CURRCIR https://fred.stlouisfed.org/series/CURRCIR
  - boomboomsubban 4y ago
    The profits more than doubled from 2021 to 2022, the amount of money in circulation did not. Plus this is a worldwide thing. And does currency refer to bills/coins or "money?"
    - febeling 4y ago
      Currency is just bills and coins. You know, we did some weird stuff with M1 in 2020, but if you must see it, here you go: https://data.oecd.org/money/narrow-money-m1.htm https://data.oecd.org/money/narrow-money-m1.htm
- walthamstow 4y ago
  What I mean is that telling me in the headline that it's their biggest profit in 114 years does not mean anything to me, it doesn't give me any scale of the achievement, because lots of things today are much bigger than any time in the last 114 years: population, money circulation, GDP/GNI, resources consumed The final sentence in my comment makes this quite clear, I think.

m000 4y ago

Can you explain then why our private bank accounts didn't see the biggest annual growth ever? There is more money in circulation than ever before!

suddenclarity 4y ago
I don't agree with the orginal statement because increased revenue doesn't necessarily equal profit but a simple explanation to your question is that the amount of humans increase. This results in increased demand bur doesn't mean that every person gets more. Similar how GDP has been increasing in Sweden for a long time but GDP per capita hasn't.
abigail95 4y ago
It did? Personal savings has the same "covid spike" in the graph as many other metrics do.
ddtaylor 4y ago
Most metrics do actually go up right now because of the massive inflation and the massive amount of money that was printed with the stimulus. I wouldn't argue that people are " richer" because they're purchasing power has been massively eroded, but across the board the numbers have went up technically.
Am4TIfIsER0ppos 4y ago
Inflation is designed to steal your money in a way other than taxation.
deleted 4y ago
[deleted]

boomboomsubban 4y ago

> Of course it's the biggest ever, there is more money in circulation than ever before. Did the amount of money in circulation double like their profits did?

febeling 4y ago
No, it went up 500X (USD, 1923-2023). https://fred.stlouisfed.org/series/CURRCIR https://fred.stlouisfed.org/series/CURRCIR
- boomboomsubban 4y ago
  The profits more than doubled from 2021 to 2022, the amount of money in circulation did not. Plus this is a worldwide thing. And does currency refer to bills/coins or "money?"
  - febeling 4y ago
    Currency is just bills and coins. You know, we did some weird stuff with M1 in 2020, but if you must see it, here you go: https://data.oecd.org/money/narrow-money-m1.htm https://data.oecd.org/money/narrow-money-m1.htm
walthamstow 4y ago
What I mean is that telling me in the headline that it's their biggest profit in 114 years does not mean anything to me, it doesn't give me any scale of the achievement, because lots of things today are much bigger than any time in the last 114 years: population, money circulation, GDP/GNI, resources consumed The final sentence in my comment makes this quite clear, I think.