Whatâs the total amount of money in the whole world ? -------------------------------------------------------------------------------- Laurent GUERBY :
On Mon, 2008-09-29 at 23:08 -0400, Julio Huato wrote: > Charles wrote: > M1/2/3/4 are defined by economists, which means they are useless for just about anything. You go for accounting since money is debt created by private banks (plus the tiny amount of central bank debt in the form of bill and coins, also called M0), the details are in the Z1 report: http://www.federalreserve.gov/releases/z1/ Table D.3 Debt outstanding by sector As of Q2 3008, sum of about 51 trillions USD. Do the same for all currencies, and you have the total amount of fiat money in the world. Laurent ^^^^^ CB: So, "we" have enough to cover the 700 billion + 200 billion + 85 billion easily,and throw in a trillion to bailout a lot of debtors. This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
