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.)
The Royal Mint made no new 1p and 2p coins last year, saying there are enough in circulation. The nearly worthless denominations aren’t being phased out, though. Cash use has fallen across the UK, and some feared the end of copper coins when the government announced a consultation on the mix of cash in circulation […]
Computer scientist Alan Turing, key to decoding Nazi communications during World War II, is to be the face of the new £50 banknote. The BBC: The work of Alan Turing, who was educated in Sherborne, Dorset, helped accelerate Allied efforts to read German Naval messages enciphered with the Enigma machine. Less celebrated is the pivotal […]
The Bank of England has unveiled its new £50 notes, which had been earmarked to honour a distinguished British scientist, and which will feature Alan Turing, the WWII hero who discovered many of the foundational insights to both modern computing and cryptography, and whose work with the codebreakers of Bletchley Park are widely believed to […]
Want to make a hit? The right software is out there for anyone, but any music producer will tell you that finding the right sound can still take time and talent. Still, the right tools are a great shortcut, which makes this Synth & Sound Pack Bundle absolutely priceless. And now that it’s on sale […]
Let’s face it: People at the gym aren’t bragging about their headphones. If they were that great, they’d be listening to them instead of talking about them. So while we’re sure those new PowerBeats Pro earbuds are something special, why would you shell out $250 for a tiny pair of speakers when comparable ones are […]
Big companies take on big projects. When they do that, they need a project manager to lay out a roadmap for the entire team – and they’re typically willing to pay a big paycheck to the person who can fill those shoes. So what does it take to become a project manager? If you don’t […]