Next to God, Money is the Most Mystical of All Things
Everyone in the world is familiar with money, yet it is an extraordinarily rarer individual who understands what money is, how it is created, destroyed, managed, grown, shrunk, and why.
Also, money is not currency.
Everyone in the world is familiar with money, yet it is an extraordinarily rarer individual who understands what money is, how it is created, destroyed, managed, grown, shrunk, and why.
Also, money is not currency.
There is a total of ~$1.5 trillion in U.S. currency in circulation.
There's another ~$13 trillion in Checking, Savings, Money Market accounts.
There's ~$34 trillion in stocks.
There's ~$30 trillion in residential real estate.
There's ~$15 trillion in commercial real estate.
There's another ~$13 trillion in Checking, Savings, Money Market accounts.
There's ~$34 trillion in stocks.
There's ~$30 trillion in residential real estate.
There's ~$15 trillion in commercial real estate.
*rare
In the United States, every year, in round numbers :
Amount of money that changes hands: $20 trillion
Amount of money Americans pay in federal taxes: $3.5 trillion
Amount of money govt spends: $4.5 trillion
Amount of money that changes hands: $20 trillion
Amount of money Americans pay in federal taxes: $3.5 trillion
Amount of money govt spends: $4.5 trillion
