How much money is there in the whole world?

[Tuesday Afternoon]

Just how much money is out there?

[mainegreen]

1. define money first.

:P

[JitterbugPerfume]

2. right now--

$2.50

[Tuesday Afternoon]

9. this is possibly correct...net worth of the whole wide world...

well, at least we are in the black :D

[MrCoffee]

3. IBTOBCAOR

[Tuesday Afternoon]

4. excuse my ignorance...please to spell out the acronym

:dunce:

[MrCoffee]

5. mmmkay...I just now made it up

In before the obligatory Brazillian comment and/or reference


And this doesn't count as an OBCAOR!!!!

[Tuesday Afternoon]

6. my.

how original....

but seriously, folks....

it is a finite number, right? There is a way to determine an answer, no?

[IndianaJones]

7. 82 trillion USD. nt.

[Tuesday Afternoon]

14. link please....

or did you pull this number out of thin air?

[Rabrrrrrr]

8. What do you mean by money? Actual printed and minted currency?

Or amount of money on the books of all the ledgers of the world?

And do you mean a quantity in terms of US dollars? Or British Pound? Or Euros?

The answer will change depending on how you do the exchange rates in translating one currency from another.

[Tuesday Afternoon]

11. for the sake of this discussion ...let us go with your first suggestion

knowing that tomorrow more can be printed and minted. What is the amount for today?

[Rabrrrrrr]

12. Here's a link to the approx. amount of various US quantities

http://money.howstuffworks.com/question237.htm

It's about a half trillion in printed/minted currency

The rest of the money is held in various types of bank accounts, and the Federal Reserve tracks these funds in three different values: the M1, M2 and M3 money supplies:

* M1 is all of the currency, plus all of the money held in checking accounts and other checkable accounts, as well as all of the money in travelers checks. In September 1999, the M1 money supply was about $1,100 billion.
* M2 is M1 plus all of the money held in money market funds, savings accounts and small CDs. In September 1999, the M2 money supply was about $4,600 billion.
* M3 is M2 plus all of the large CDs. In September 1999, it was about $6,250 billion.

[Tuesday Afternoon]

13. thanks Rabrrrrrr....

I am really trying to understand what is happening. Basically, the US is 25% of world GDP, right?

[hobbit709]

10. Don't matter how much there is if I ain't got none.

[Tuesday Afternoon]

16. when you got nothing...you got nothing to lose.

Honestly, I consider myself lucky in the fact that this mess is really not going to affect my networth, which at this point consist of lint in the pockets of my holy jeans.

[Schema Thing]

15. a gazillion

[Tuesday Afternoon]

17. can we commit creative accounting infintely....

:shrug:

[carlyhippy]

18. To quote Dr. Evil...

1 billion, gagillion, fafillion, shabolubalu million illion yillion dollars...

[billyskank]

19. Fuck knows.

None of this is money anyway. It's all IOUs.

[Tuesday Afternoon]

22. ....all of it??

where did all the real money go? :crazy:

[carlyhippy]

20. I think the whole world just get together and start all over

wipe out all debts, give everyone who is not in the high tax brackets some money to start over, then we would all be on an even playing field...

[Arkham House]

21. Seven dollars and forty-two cents...

...a little-known fact, that explains quite a bit about our predicament, when you think about it...