All of the World’s Money and Markets in One Visualization
"Derivatives top the list, estimated at $1 quadrillion or more in notional value according to a variety of unofficial sources."
"Derivatives top the list, estimated at $1 quadrillion or more in notional value according to a variety of unofficial sources."
"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
"Gold in bigger quantities is now very difficult to obtain but not impossible. There is a major silver shortage and virtually impossible to find. Smaller quantities of silver fetch a 100% markup on spot."
"On Thursday, the Mint said that it ran out of stock amid record purchases of the American Silver Eagle bullion coins, which rose from 650,000 ounces sold in February to 2.32 million ounces with just 12 days into March."
"Historically, since the gold standard was removed in 1971, gold’s price has had two major “bull market” fluctuations, from 1971 to 1980 and from 1999 to 2011."
"In 2017, it’s estimated that humans consumed 100.6B metric tons of material in total. Half of the total comprises sand, clay, gravel, and cement used for building, along with the other minerals mined to produce fertilizer. Coal, oil, and gas make up 15% of the total, while metal makes up 10%. The final quarter are plants and trees used for food and fuel."
And although the broad commodity market finished up 17.6% on the year, the performances of individual commodities were all over the map. For those familiar with the sector, that’s pretty much par for the course.
But the bottom three (Illinois, Kentucky, and New Jersey) are even more underfunded, dropping from ~50% funding in 2013 down to only ~38% in 2017.
When the debt bubble pops so will other liabilities like the $1.5 quadrillion of derivatives.