So Forbes says that the wealth of the richest people in the world amounts to $110 trillion (which is of course all the wealth that they have in stocks, bonds, etc):
http://www.forbes.com/sites/laurash...ve-as-much-wealth-as-the-3-5-billion-poorest/
While this article on Gizmodo (and many other sites) says that M1 is $25 trillion, M2 is $60 trillion and M3 is $75 trillion which brings us to roughly $160 trillion.
http://gizmodo.com/5995301/how-much-money-is-there-on-earth
Does that basically mean that the wealthy control $110 trillion of all money in the world? Does that leave only $50 trillion for all the world governments?
This is massively confusing.
http://www.forbes.com/sites/laurash...ve-as-much-wealth-as-the-3-5-billion-poorest/
While this article on Gizmodo (and many other sites) says that M1 is $25 trillion, M2 is $60 trillion and M3 is $75 trillion which brings us to roughly $160 trillion.
http://gizmodo.com/5995301/how-much-money-is-there-on-earth
Does that basically mean that the wealthy control $110 trillion of all money in the world? Does that leave only $50 trillion for all the world governments?
This is massively confusing.