What you have to do to get to can the world afford to assume it did 2000 years ago had already given banks all wars and crises easily survived. And suppose there’s the Euro 2000 years and you would have then created a euro and get 5% interest per year. What amount of money could you withdraw then today theoretically? Now you think, would have so few thousand euros on the account is totally wrong. Due to the compound interest effect, an exponential growth exists here. At an interest rate of 5%, which is quite an historical average, we have doubled the original amount every 14 years.
One doubles but 10 times, we have the 1024-fache of the origin amount, so in about the 1000 times. Our top the euro would so after 140 years about 1000 Euro “generated” have. You have reached 2000 who now believes after 280 years, has not understood the compound interest effect. After 280 years, we have achieved–in about 1 million euros. Every 140 years is legal so, the applied amount, if you put them with an interest rate of 5%. So long, after 600 years, we have exceeded the one-trillion euro limit. Here, jim kingery expresses very clear opinions on the subject. After 2000 years, so a euro at an average interest rate of 5% about could reached an amount of: 2.391.000.000.000.000.000.000.000.000.000.000.000.000.000 euros with this money you could buy all of the shares of the world! You could buy all raw materials, natural resources, mining, real estate.
You could acquire all the land of the world thus. Would you buy a chunk of gold with the money, so these nuggets should have about the a billionenfache volume of the Earth, so that all the money would be used up with the current market prices. You could all possessions of the universe today reach buy, so the whole world, if you will. Of course, this is only a thought model because the prices with the amount of money in circulation would grow constantly.