this post was submitted on 10 Feb 2024
487 points (96.2% liked)
Technology
59589 readers
2838 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That is not how that works...
yeah, thats exactly what i am saying, most of the money ever printed sits in places it will never leave, so IMO there are no 5trillion available on the market and the cash flow does not allow to take out even a "little" bit (speaking in 1e12 terms) before things collapse for the majority.
oh yes, printing money works exactly like that, it was just printed in the past and nowadays they just increase numbers in databases: plopp and the value of that currency and especially everything that is bound to it decreases, ripping you of what you have saved without even touching your bank account.
Over 6 trillion USD alone gets exchanged everyday on the currency markets. Cash flow is not the only source of money either, its an interface when value needs to be exchanged.
Open cash flow worldwide is about 35 trillion.
This is just cash though, if you take all markets and derivitives, depending on how you measure it - if you want to be technical about represented value then that's worth over a quadrillion USD.
When you talk about reallocation of assets you are playing in the pool of a quadrillion dollars, not in the pool of free cash flow (the interface to it)
quadrillion you say..
yes, banksters like to create bubbles, inflate, trade with them until all value was extracted, let the bubble burst and then let all bus drivers and other low income people pay for the loss which is the gain of some parasites.
quadrillion... bubble->add some time->burst
if we have both two dollars, one for security and one for trading. we both "invest" in buying call orders from each other for a dollar and repeat it a billion times on the same day then we creates a "cash flow" of two billion dollars alone, yet the value behind it was less than 2 dollars.
that is what high performance traders do, they sell/buy thousands of times per second, creating the illusion of cash flow and worth, yet their actions have negative value, destabilize the market on the long run to create illusion of worth. but that illusion is very welcome as it blinds people and let them believe and invest which then can again be harvested until the bubble bursts..
lets remove two dollars from my above example... i have now only one dollar for trading so do you. but none for security. would you buy a call-option from someone without security? no. so wont i. thus remove 2 dollars (half of them) and 2 billion dollars of cash flow cease to exist on that day alone!! well, the next day looks the same then. lol. guess that would be called a collapse that 'nobody could have foreseen". lol.
7 trillion usd is roundabout half of the worldwide existing usd in 2017 (cash and database money, no debts, no could-be-printed, no needs-to-equaled-later) that is if wikipedia is correct and i did not miscalculate the 'trillion' which is just a sloppy 'billion' here. And further more the "worth" of the really 'existing' usd looks to me like a huge bubble by itself waiting to burst some day, but that is not the point or discussion here.
lets just hope that this "quadrillion bubble" you seem to be fond of does not burst too soon. there are still some resources to be ripped of from earth, some countries that could be enslavelaboured just to postpone the burst of that bubble, so the wave of destruction could carry that bubble for another generation maybe and we are sort of "safe", but not sure. thus maybe lets hope it bursts rather sooner than later preserving some resources and preventing huge amount of hurt and damage from beeing done while leaving chance for a more stable bubble-free world without manmade intentionally created crisises just to let "others" pay for it.
intentionally created illusions are in total the most costly "realities" ;-)