a couple of weeks ago was news that U.S. record companies demanded damages totaling $ 75 billion (yes, billions of truth, 75,000,000,000 $ 000). Something that caught enough attention that money is then exceeded what was won that industry throughout its history (since the invention of the phonograph). And that was a figure larger than the GDP of the entire world (which is about 60 billion dollars). But there was something that was a little unnoticed, perhaps because it is much harder to understand: the record companies wanted more money than there is even , which is roughly $ 4 billion .
So there is something wrong. If there only $ 4 billion worldwide and we are almost 7 billion people, the thing does not look good if we get a deal. Well, when we speak of "the world" and in general, we put too poor countries. And those, but have no money, it does not matter, right? ... Okay, let's take account of what it's up to others.
The European Central Bank has outstanding 866 billion euros. We are 501 million European Union citizens, and we played to 1,728 euros each, more or less. Does not seem much. The good news is you do not really need to handle paper money, because we have bank accounts and credit cards, with balances far exceed the money we could have if we use only cash. The bad news is that money does not physically exist, simply there.
When Cantona told us late last year that taking money from the banks, was relying mostly on the idea that now is the banks that control us, but without money they are nothing. If at that time Cantona had added that, in fact, if people started pulling their money from the bank, at a given time and not have any money I would not be get more money in a bank, perhaps people would have realized that I could really get to run out to get their money. Maybe that would have caused an avalanche of cash withdrawals. Perhaps, then, other banks would have gone bankrupt and would not return money to to rescue because all the money would be in the hands of citizens.
But none of that happened. Today the money is in banks for safekeeping. Fortunately, right?
So there is something wrong. If there only $ 4 billion worldwide and we are almost 7 billion people, the thing does not look good if we get a deal. Well, when we speak of "the world" and in general, we put too poor countries. And those, but have no money, it does not matter, right? ... Okay, let's take account of what it's up to others.
The European Central Bank has outstanding 866 billion euros. We are 501 million European Union citizens, and we played to 1,728 euros each, more or less. Does not seem much. The good news is you do not really need to handle paper money, because we have bank accounts and credit cards, with balances far exceed the money we could have if we use only cash. The bad news is that money does not physically exist, simply there.
When Cantona told us late last year that taking money from the banks, was relying mostly on the idea that now is the banks that control us, but without money they are nothing. If at that time Cantona had added that, in fact, if people started pulling their money from the bank, at a given time and not have any money I would not be get more money in a bank, perhaps people would have realized that I could really get to run out to get their money. Maybe that would have caused an avalanche of cash withdrawals. Perhaps, then, other banks would have gone bankrupt and would not return money to to rescue because all the money would be in the hands of citizens.
But none of that happened. Today the money is in banks for safekeeping. Fortunately, right?
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