Quote:
Originally Posted by GatorB
Considering the entire wealth of everyone in the world doesn't equal $150 trillion I call BS.
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Derivatives have nothing to do with how much hard money there is in the world. You could be betting on the entire real estate market, which obviously is in the trillions, but is not in actual currency form.
According to the Bank for International Settlements, which is like a bank for central banks, as of last year there were $601 trillion in outstanding derivatives.
http://www.bis.org/statistics/otcder/dt1920a.pdf