This fascinating infographic compares the values of various assets (gold, silver, cryptocurrency, real estate, stocks, and so on) by presenting each asset as a number of $100 billion squares.
All the global assets combined are dwarfed by the derivatives market.
The infographic includes this quote from Warren Buffett:
The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.
(The infographic was made in 2017 when the market capitalization of bitcoin was $100 billion. It's now $60 billion.)
Microsoft co-founder Bill Gates made some comments this week on the ‘tax the rich’ ideas making the rounds in America. Taxing the rich is fine, he said in an interview with The Verge, and “more progressive” taxes on the ultra rich are okay. Gates then went on to characterize Alexandria Ocasio-Cortez as an ‘extreme’ politician […]
“After Gerry’s death, Quadriga’s inventory of cryptocurrency has become unavailable and some of it may be lost,” said his widow.
Amazon, including subsidiaries such as Whole Foods and temp work programs, will pay $15 an hour or more to all its U.S. workers. This comes as Amazon is facing increasing scrutiny over how its workers are treated and paid. Senator Bernie Sanders, for example, recently introduced legislation to end what he calls “corporate welfare” — […]
What do Facebook, Twitter, YouTube and Google all have in common? Somewhere in their framework, they all use MySQL, that most versatile (and free!) of database management systems. And they’re not alone. If your company or the one you’d like to work for wrangles data (and who doesn’t?), they’re going to need someone with a […]
There’s a reason you’re hearing about the gig economy in every other business story these days. More than ever, people are finding income from more than one source. And if you find the right one, a side hustle can do more than just pad your pockets – it can allow you to finally get paid […]
High-def cameras are available to anyone and for much less than they were just a decade ago. Even the phones in our pockets can be used to shoot and edit short films. It’s never been easier to be a filmmaker, providing you have the technique. Enter the Film & Cinematography Mastery Bundle, an online boot […]