A visualisation of all of the money in the world
The derivatives piece is totally wrong of course. Gross Notional is a completely meaningless number - it does not represent what value is owed or how much risk there is.E.g GS could have 1tr of gross notional of derivatives with JP but with zero risk or monies owed if the positions all offset (as indeed in real life they do, banks run very little net exposure).But of course newspapers and grotty rags like to perpetuate this narrative that derivatives are going to blow up the world.