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Doesn't $100 trillion exceeds the value of the sum of all currency in the world?
by drewblaisdell 14y ago
Doesn't $100 trillion exceeds the value of the sum of all currency in the world?
- drcode 14y agoYes, probably the world money supply is smaller than this. Nonetheless, but the point is still valid.
- jessriedel 14y agoNot by too much. M2, which I think is the relevant money supply in the US, is $8 or $9 trillion. http://money.howstuffworks.com/how-much-money-is-in-the-world.htm http://money.howstuffworks.com/how-much-money-is-in-the-worl... If I remember, the US is about 1/5 of the world economy. And some random graphs suggest the world money supply is roughly $60 trillion.