Home     Contact     Projects     Experiments     Circuits     Theory     BLOG     PIC Tutorials     Time for Science     RSS     Terms of services     Privacy policy  
 Home      Projects     Experiments     Circuits     Theory     BLOG     PIC Tutorials     Time for Science   

<< Back to INDEX

How much money is there on Earth? - [Random Knowledge #47]
posted April 24 2013 20:21.06 by Giorgos Lazaridis

If we talk about the physical money that exists on Earth, according to dollardaze it is little above 5 trillion!

And if you think that this is big... Wait to see how much money can be spent on Earth. Don't get confused - Though there are some 5T, more money can be spent thanks to the fractional reserve system

If you do not know what a fractional reserve system is, if you do not know what money mechanics is and if you do not know how money are just.. made out of thin air, i suggest that you stop wasting time and go ahead watch these videos:

This is how the monetary system works - and its no funny

Zeitgeist I (Part 3 Starts at 1:11:10)

Zeitgeist Addendum

The Secret of Oz [Thank you Cheerio]

Now that you know how the modern monetary system works (based on the fractional reserve system), you can well understand that there are more money to spend than the physical money. It is estimated that there are some 25 trillion dollars of money to spend on Earth...

You might also like...

Trinity was the code name of the first nuclear explosion test [Random Knowledge #33]

How Lead-Acid batteries work [Science]

BJT and FET Transistor - Liquid Flow Animations [Theory]

How much money is there on Earth? - [Random Knowledge #47]

Why do people... kiss??? [Psychology]

Food Mold - The good, the bad and all ugly [Health]

The Science and Beauty of Auroras [Education]

Should one run or walk in the rain? Proved in maths! [Lifehacks]

<< Back to INDEX



  Email (shall not be published)


Notify me of new posts via email

Write your comments below:
BEFORE you post a comment:You are welcome to comment for corrections and suggestions on this page. But if you have questions please use the forum instead to post it. Thank you.


No comment yet...

Be the first to comment on this page!

 Contact     Forum     Projects     Experiments     Circuits     Theory     BLOG     PIC Tutorials     Time for Science     RSS   

Site design: Giorgos Lazaridis
© Copyright 2008
Please read the Terms of services and the Privacy policy