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.)
In November, we posted that mysterious rolls of cash were showing up on sidewalks in the small English village of Blackhall Colliery, on the North Sea coast of County Durham. In the last 5 years, around US$30,000 had been found in twelve rolls. Now, the mystery has been solved. Two anonymous individuals have been placing […]
Yes, it has come to this. Democratic Presidential candidate Michael Bloomberg and acting U.S. president and warmongering dumbass Donald Trump are both buying duelling $10 million dollar campaign ads to run against each other during the Super Bowl.
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No chef’s arsenal is complete without a good set of knives. In fact, it’s the first big sign that you’re ready to start cooking meals as opposed to just warming them up. Here are 20 knife sets that any chef would be proud to own, from visually stunning old-world metallurgy to sleek modern cutlery. Mini […]
The latest iPhone cameras are undeniably impressive, but they’re still no match for a professional camera when it comes to taking clear, wide-angle shots. These six accessories will transform your iPhone into a pro-level camera in seconds, thanks to powerful and easy-to-attach lenses. 1. Lemuro 18MM iPhone Wide Lens MSRP: $100 | Sale Price: $80 […]
Few things in life are more universally dreaded than going to the gym, which is unfortunate since a new year usually means making new resolutions to get in shape. Thankfully, this BodyBoss 2.0: Portable Home Gym has everything you need to burn fat and build muscle in the comfort of your own home. With just […]