There’s not $108 trillion USD floating around rn.
There’s $28 trillion actual circulating paying for $108 in USD denominated debt.
So the number needed to service the *entire US M2* economy is 1/4 of the $100 trillion.
There’s not $108 trillion USD floating around rn.
There’s $28 trillion actual circulating paying for $108 in USD denominated debt.
So the number needed to service the *entire US M2* economy is 1/4 of the $100 trillion.
M2 of the entire globe is around 100-110 trillion