Created on September 17, 2023

Most of the international transactions on this planet are not tied to any real valuable thing

Gambles serving no social purpose but affecting everyone

This is a sketchy note.

The total value of foreign exchange transactions worldwide amounted to US$ 1.5 quadrillion (1 quadrillion is 1,000 trillion) in 2010, whereas the total value of international trade was only US$ 20 trillion, or less than 1.4 percent of all foreign exchange transactions. Says Lawrence Lau, professor of economic development, emeritus, Stanford University, and chairman, CIC International (Hong Kong): “The overwhelming majority of foreign exchange transactions are thus purely speculative, in effect, pure gambles, and serve no useful social purposes.”

~ Otto Scharmer & Katrin Käufer, p.5

Ways to visualize

The hurricane of global monetary flow

The splashing waterfall affecting everyone

Additional ideas

  • the water could water could nurture mostly nothing and one plant.

References

Scharmer, O., & Käufer, K. (2013). Leading from the Emerging Future: From Ego-System to Eco-System Economies (1st ed., p. 304). Berrett-Koehler Publishers.

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ID MMSFinanceVisual