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Author Topic: January 15  (Read 2799 times)
aniinl
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« on: January 19, 2009, 12:47:40 PM »

I was just listening to the show and I'm trying to get my head around the fact that 44 trillion (total amount of money in the world) divided by 6.6 billion people in the world apparantly comes to "just over 6 million per person".

Since (I have to admit) I'm way below that average and there are only so many Bill Gates', Oprahs, English Queens and Sultans of Brunei, I checked and my calculator says "just over 6,000"...

Now I'm wondering if the calculation was wrong or the 44 trillion to start with. What if it was supposed to be quadrillions?

Who has my millions?

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Michael Neill
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« Reply #1 on: January 26, 2009, 11:20:15 AM »

Hey, Anja -

I got that stat off a wikipedia article (dangerous, I know), but must admit I can't get the math to work out at all - I keep getting $6, which I'm sure is wrong!  Huh Cheesy

Anyone got a different reference?

love,
michael
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southnick
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« Reply #2 on: February 12, 2009, 05:06:31 PM »

Hi

I had a bit of a search and the best I found is this.

http://ask.yahoo.com/20060717.html

Their result is $6,685.92

The number of people is pretty easy to chase up on the American census site. Census.gov
6,760,000,000 and rising.

The more difficult part is how much money. The yahoo answer just adds up how much all the rich people have in total.

The answer that makes sense for me is that money is a rough token to represent "resources" and that depends on what you consider to be a resource. At one time that was just a small number of things that would help sustain life, land, food and a few basic materials. Later it included scarce stuff even if it didn't have a lot of practical use, like Cowrie shells. Now almost everything is a resource. We aren't even a closed system since sunlight is a resource and that keeps on arriving.
So you could say it is almost infinite.

The cool bit is that by finding new uses for things, formally useless stuff becomes a resource, thus creating wealth. So wealth is created by thoughts.

Sorry if that is a bit esoteric but it's a neat idea.

Nick in sunny Southampton, UK





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Tomwalked
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« Reply #3 on: February 18, 2009, 11:05:42 AM »

.


just read this statistic this morning...


the average american household...
has $2200 worth of "unused  but valuable household items that could be turned into cash."

garage sale... e-bay... hmmm




...
it's got me looking around
...





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