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Quiz: All the Money in the World
Old 09-08-2009, 06:23 PM   #1
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Quiz: All the Money in the World

Saw this in the newspaper this weekend.

If all the global money supply (M3, which includes more than currency) in the world was divided equally among all the people in the world (6.8 billion), how much would each person receive?
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Old 09-08-2009, 06:25 PM   #2
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Enough for hyperinflation to immediately make it worth a lot less? That's my guess.
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Old 09-08-2009, 06:27 PM   #3
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$350 per each?
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Old 09-08-2009, 06:36 PM   #4
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Global Money Supply Data and Comparison for 2008 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

According to this site, in 2008, global M3, converted to US$ on July 11, exceeded $60.2 trillion. Therefore, the global M3 per capita should be approximately

$60,000,000,000,000
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68,000,000

......which is $8823.53 each.
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Old 09-08-2009, 06:39 PM   #5
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That's not enough for me to ER on time, that's for sure!

BUT, there have been long periods of my life in which I didn't have that much, and it would have seemed like a fortune.
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Old 09-08-2009, 06:52 PM   #6
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Quote:
Originally Posted by Meadbh View Post
Global Money Supply Data and Comparison for 2008 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

According to this site, in 2008, global M3, converted to US$ on July 11, exceeded $60.2 trillion. Therefore, the global M3 per capita should be approximately

$60,000,000,000,000
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68,000,000

......which is $8823.53 each.
So where does the handout line form ?
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Old 09-09-2009, 06:55 AM   #7
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Old 09-09-2009, 02:57 PM   #8
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among all the people in the world (6.8 billion),
Quote:
68,000,000
Shouldn't that be 6,800,000,000?
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Old 09-09-2009, 03:52 PM   #9
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Quote:
Originally Posted by Meadbh View Post
Global Money Supply Data and Comparison for 2008 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

According to this site, in 2008, global M3, converted to US$ on July 11, exceeded $60.2 trillion. Therefore, the global M3 per capita should be approximately

$60,000,000,000,000
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68,000,000

......which is $8823.53 each.
That's more than i've had for 2/3 of my life. That doesn't mean i'd like to go back there.
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Old 09-09-2009, 04:01 PM   #10
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Shouldn't that be 6,800,000,000?
I think you're right, in which case it's only $8.82 each.
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Old 09-09-2009, 04:44 PM   #11
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I think you're right, in which case it's only $8.82 each.
lunch money.
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Old 09-09-2009, 04:55 PM   #12
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($60,000,000,000,000 / 6,800,000,000)

= ($60,000 / 6.8)

= $8,823.53

Pretty big lunch.
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Old 09-09-2009, 05:08 PM   #13
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Originally Posted by Want2retire View Post
That's not enough for me to ER on time, that's for sure!

BUT, there have been long periods of my life in which I didn't have that much, and it would have seemed like a fortune.
I think I could RE on $8823 M3, given all the other investments stay the same...... But then again, I only understand M3 from this Wiki definition:

If Im interpreting this correctly, I'd lose my cash, checking account, money market and CD's. Right now, that's only about 5% - 6% of the total. Perhaps I don't understand correctly and I'd also lose bonds and bond funds if I lost M3 and that would make RE impossible.


Quote:
<H3>Measures of money
Quote:

The money supply is the amount of financial instruments within a specific economy available for purchasing goods or services. The money supply is usually measured as three escalating categories M1, M2 and M3. The categories grow in size with M1 being currency (coins and bills) and checking account deposits. M2 is currency, checking account deposits and savings account deposits, and M3 is M2 plus time deposits. M1 includes only the most liquid financial instruments, and M3 relatively illiquid instruments
</H3>


Edit: I see in the article that they include bonds and other debt instruments with maturitites up to two yrs. I'll have to rethink my "I could still RE without M3 statement" after I go estimate what percentage of the $$$ in my bond funds would qualify as M3 by that definition.
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Old 09-09-2009, 05:28 PM   #14
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I think you're right, in which case it's only $8.82 each.
Let me make sure I understand this. Everyone would have the same Net Worth? That would, certainly, make for interesting times (the Chinese Curse). I believe I would enjoy being a witness to that.
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Old 09-10-2009, 08:26 AM   #15
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Originally Posted by Want2retire View Post
($60,000,000,000,000 / 6,800,000,000)

= ($60,000 / 6.8)

= $8,823.53

Pretty big lunch.
Let's all go to the Waldorf Astoria http://www.waldorfnewyork.com/dine-i...estaurants.cfm
and see how fast we can burn that...
Peacock Alley

You want fries with that ? $10 gets you there.

Oh, who's buying BTW?
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