If you had all the lost money in the world, how rich would you be?

Question

A "guess" or some fancy mathematical equation would probably answer this one, but I was curious.

Answer 1

If you include all the paper bills that are 'retired' (burned) every year, just over the last 100 years, I'd be able to buy out Gates and Buffet (and get them to polish my shiny new space shuttle). Equation let L$= lost money in one year Let :) = me

L$ * 100 = :) :) :) :) :) :) :) :) :)

Peace

Answer 2

That depends on what you mean by money. If you mean the folding and chinking kind, then you would not have very much. OK it would be in the order of 3 trillion dollars, globally, but that is small change compared to the thousands of trillions of dollars that are created and traded electronically. The vast majority of money does not physically exist outside of computers. It costs NOTHING to create this money, it is then lent into circulation and interest added. It then stays as electronic data for the vast majority of the rest of its existance. It goes from bank to bank, out of one account, into another without actually being turned into cash.

The reason that the world will always remain in massive debt, is that the interest owed, on all that debt, is never created. it is not in circulation, so the interest on the global debt can never be repaid.

Almost all the money created in the world, is lent into circulation by the global central banks. So in reality, almost all the money in the world is actually OWNED by the central banks. The global economy is basically, lots of people playing with other people's money. Government's do not own it, Businesses do not own it, the global corporations do not own it. the money, comes first from the central banks. They OWN it. so most of the money in circulation is actually a debt that cannot be fully repaid.

Eventually the folding sort of cash will be eradicated and all money will be electronic, for convenience. This will mean that you will never ever get your hands on your money. whatever you buy will be dependant on whether your bank, or some other over-seeing authority, (government, police, etc) will authorise your purchase.

No transaction will be private between two individuals anymore. but it will be a transaction between the sellor, his bank, your bank and you (with the possibility of government or police oversight in secret in some circumstances)

How much money there is in circulation globally at any one time can then be controlled much more easily by the banks. this amount changes all the time and can go down as well as up.

Why would they want this power?

This is how countries are manipulated by the central banking system. When political leaders are doing what the bankers want, those bankers in that country issue (lend) more money into circulation, people become better off and the politicians feel the benefit at the polls.

When those politicians no longer do what the central bankers want, then the bankers restrict the circulation of money, lending less and being more active in repossesing homes and businesses to get their money back, recessions, depressions, cause great hardship and the politicians get the blame.

The Banks are behind everything. from starvation in Africa, to nuclear prolifferation creating conflicts abroad. look to where there are countries that stubbornly refuse to have a central bank, and you will find countries heading for conflict with the west.

The central bankers own all the money.

Answer 3

$500,000 or less would do it for me. I would like a nice, smallish house (1500-2000 sq ft) & afford someone to do lawn work & snow removal. Go on a modest vacation once or twice a yr. Be able to contribute to causes I care about & indulge myself in hobbies & gifts for others.
Between that & my monthly retirement income, I'd be happy as a lark.

Answer 4

Don't have much and don't need much I'm happy with my lot in life and just happy to be alive.