New McKinley global balance sheet report. Total deposits and currency globally amounted to $191.3 trillion in end of 2024, whereas end of 2021 it was $190 trillion. This includes deposits and currency for households, government, non finance business and finance corporations including bank money. They barely grew in 3 years. If we break it down to just households, governments and non-finance businesses, it was $140.4 trillion in 2021 and $142.5 trillion in 2024. Only grew by $2.1 trillion in 3 years. We’ve been gaslit this entire time. The economy barely grew because deposits barely grew. BUT WAIT, why is inflation is high? Are people just spending everything they get? FOMO? What is going on?
Fat people eat too much food, turning money into shit.
>>61571515Fat people are great for the GDP.
>>61571501>We’ve been gaslit this entire time. Fucking kek, you'd win the national understatement competition.
And how much did the US debt increase by over that same timeframe?
Is this accounting foreign deposits or what? FRED says 18 trillion only for domestic USD deposits
>>61571634Yes obviously.
>>61571665>obviouslyShow the breakdown then. Theres not 170 trillion in non-domestic USD deposits
>>61571677Yes there is, these are denominated in usd. China alone is $50 trillion.>show breakdownwhy? These are global.
>>61571689No there’s not, fucking 170 trillion of non-fed member bank deposits what the hell.>why? These are globalYes show breakdown, there’s zero fucking chance this is measuring USD deposits
>>61571720Are you this dense? Global deposits are just that, the assets are all denominated in USD. And yes there are nearly $200 trillion in liquid money around the world. Are you surprised? Expecting more, expecting less?>no breakdownMcKinsey is a for profit finance consulting firm, they have more in-depth reports but you have to be a client, the hell are you asking for something that I wouldn’t be able to get? They were nice enough to release a gestalt summary of the global balance sheet, the last time they did this was 3 years ago.
>>61571736There’s zero chance there is a fucking 1:10 ratio of dollar deposits offshore to the U.S. and you are certainly dense if you believe that.FX denominated balances like RMB or EUR converted to USD value sure, but in this case your OP is retarded.>you asking for something that I wouldn’t be able to get?Yeah because you’re retarded and sensationalist and don’t actually care to research shit. Max current non-domestic deposits are like 40% of total depositshttps://fred.stlouisfed.org/series/DPSACBW027SBOG
ChatGPT said:The global balance sheet reveals a world awash in paper wealth: vast financial claims layered upon rising debt, anchored largely in real estate. Assets have multiplied faster than productive output, yielding impressive net worths whose elegance is undeniable, yet whose stability rests delicately upon leverage, confidence, and price.
"consumers" (as in everyday people) are spending everything they have. they're getting squeezed for every last dollar. but the entities we actually want to spend - the big cash hoarders, who also are the biggest cash recipients, the tech companies and investment firms - aren't spending. they are just accumulating more cash.https://www.tradingview.com/markets/stocks-usa/market-movers-highest-cash/so it just keeps getting worse.
>>61571785>reddit repeater machine saysOkay, but is that useful?
>>61571778Global bank deposits and currency are nearly $200 trillion usd (worth), 1/4 in China alone, you’re just being low iq for some reason.>retarded sensationalistIt seems you’re actually poorer than you are since you are trying to downplay how much money there is the world over. You are poor and your money is worthless.
>>61572001You said USD denominated deposits. If you’re actually talking about global deposits valued in USD then your OP is retarded since it is worthless information due to FX rate changes over 5 fucking years. >blah blah blah get demoralizedIt’s a little hard to be demoralized when you idiots post slop like this day after day and can’t even articulate yourselves better than any other monkey with chadgpt
>>61572026Damn you really are a low iq that thinks he’s smart.
