marble image

Here is a marble for you.

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

Gambles serving no social purpose but affecting everyone

Started on September 17, 2023

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): โ€œThe overwhelming majority of foreign exchange transactions are thus purely speculative, in effect, pure gambles, and serve no useful social purposes."

~ Otto Scharmer & Katrin Kรคufer, 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., & Kรคufer, 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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