The fed has doubled their assets to almost $7.5T during 2020...I'd say that

you're not too far off. I mean who is going to pay for all of the corp debt they purchased and put onto their books? Also, don't forget we have this benefit of being the world's reserve currency at the moment, so we send about $4T/day around the globe in just trade flow money.... So you upset that flow for one day & that puts your bank into "Too big to fail" category....

In response to this post by PhotoHokieNC

Posted: 01/19/2021 at 7:17PM

What would happen if all the worlds wealth was suddenly spread evenly -- Technocrat 01/19/2021 5:30PM

Smart people would make lots of money, stupid people would lose it all. ** -- vthhhi 01/20/2021 09:49AM

Hokie Club donations would plummet ** -- vt90 01/20/2021 09:06AM

The process of turning "wealth" distributable would destroy it -- Vienna_Hokie 01/20/2021 08:10AM

Probably something like the days of the resettlement of the American west ** -- typed by ben 01/20/2021 07:29AM

Simple, wars until equilibrium ** -- MEHOKIE 01/19/2021 7:50PM

According to various articles and estimates, every person in the world -- HokieSignGuy 01/19/2021 7:05PM

I'm rich biotch! ** -- Ho_Ki 01/19/2021 8:36PM

Get this... if it was just AMERICAS wealth spread out to Americans, -- HokieSignGuy 01/19/2021 9:07PM

Friend of mine received 350K in a lawsuit from work, spent it -- HortHokie 01/20/2021 09:24AM

Omg, that was unwise.... all on assets(if you call them that) that lose -- HokieSignGuy 01/20/2021 2:16PM

Going by his age it was in the early 90's, he would have been a millionaire -- HortHokie 01/20/2021 3:11PM

2/3's of the people would blow it in 30 days..1/3 would -> -- HOKIERIT 01/19/2021 7:51PM

I would immediately buy new socks and underwear. ** -- Coach McGuirk 01/19/2021 7:01PM

They won’t be as comfortable.... ** -- DonHo-kieHi 01/20/2021 10:54AM

As soon as there is one transaction, the “inequality” begins again 😏 ** -- B777Fr8Dog 01/19/2021 6:24PM

Spot on. A fool and his money ... ** -- RoswellGAHokie 01/19/2021 10:34PM

I'd give it 10 years or so before 90% of the population was right about -- Tafkam Hokie 01/19/2021 10:01PM

...what ? utopia is supposed to ensue ** -- chumley 01/19/2021 6:50PM

Some would save and some would spend making it unequal -- bigbadbird 01/19/2021 6:08PM

Laffs. If you mean for perpetuity wealth is leveled...boom ** -- ColoVT82 01/19/2021 6:01PM

Most of it would be spent on stuff And then we would have the same -- HokieGator 01/19/2021 5:35PM

I totally see that happening. -- HokieSignGuy 01/19/2021 7:05PM

Or bet is all on Red, then wham.... The system is unfair! :) ** -- Vtskier1 01/19/2021 7:14PM

Banks would fail, trying to maintain interest bearing accounts ** -- PhotoHokieNC 01/19/2021 5:33PM

The fed has doubled their assets to almost $7.5T during 2020...I'd say that -- Vtskier1 01/19/2021 7:17PM

You sure about that? Isn't the world median wealth pretty low? -- Hokie CPA 01/19/2021 6:07PM

Well, guess it begs asking, what’s the total wealth -- PhotoHokieNC 01/19/2021 6:43PM

Eh, it's only money... We can just print some more. ** -- HokieGator 01/19/2021 6:20PM

I dunno...what would happen? ** -- vthokieq 01/19/2021 5:31PM

Lots of Hookers and Blow, Lots...... ** -- UTPr0sim 01/19/2021 5:31PM

The fed has doubled their assets to almost $7.5T during 2020...I'd say that

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