What Is Money? Infographic #1
The Money Project acknowledges that the very concept of money itself is in flux – and it seeks to answer these questions.
The Properties of Money: Infographic #2
- Divisible: Can be divided into smaller units of value.
- Fungible: One unit is viewed as interchangeable with another.
- Portable: Individuals can carry money with them and transfer it to others.
- Durable: An item must be able to withstand being used repeatedly.
- Acceptable: Everyone must be able to use the money for transactions.
- Uniform: All versions of the same denomination must have the same purchasing power.
- Limited in Supply: The supply of money in circulation ensures values remain relatively constant.
All of the World’s Money and Markets: Infographic #3
In this data visualization of the world’s total money supply, we wanted to not only compare the different definitions of money, but to also show powerful context for this information. That’s why we’ve also added in recognizable benchmarks such as the wealth of the richest people in the world, the market capitalizations of the largest publicly-traded companies, the value of all stock markets, and the total of all global debt.
The end result is a hierarchy of information that ranges from some of the smallest markets (Bitcoin = $5 billion, Silver above-ground stock = $14 billion) to the world’s largest markets (Derivatives on a notional contract basis = somewhere in the range of $630 trillion to $1.2 quadrillion).
In between those benchmarks is the total of the world’s money, depending on how it is defined. This includes the global supply of all coinage and banknotes ($5 trillion), the above-ground gold supply ($7.8 trillion), the narrow money supply ($28.6 trillion), and the broad money supply ($80.9 trillion).
A basic knowledge of money and credit is a basic building block of intelligent awareness for anyone who lives in a world based on capital flows.
Much of the Dangerous Child Method is based upon teaching money, entrepreneurship, credit, banking, investing, etc. using games. These “money games” aid in teaching maths, history, geography, and other basic subject areas — and help provide the foundations for entrepreneurial and money management savvy that later allow Dangerous Children to master at least 3 different means of achieving economic independence by the age of 18. These games begin no later than age 3, and often earlier.
The failure to prepare children for the adult world — in this and many other realms — amounts to parental and societal malpractise.
It is never too late to have a Dangerous Childhood. But the earlier the better.