How Much Is All The Money

What is all the money in circulation and who has it and who does the transaction accounting?

If all the money currently in circulation is debt money then once it is converted, dollar per dollar from debt money to real money then there would ultimately be about 50 trillion GADs (God Almighty Dollars) in the Fort Knox server.  All of this 50 trillion dollars of currently circulating spendable money is somewhere on some digital record today with the exception of about 2 or 3 percent of it circulating as greenbacks in the USA.

Let's just say that all the money there is in the USA amounts to 50 trillion dollars.    Money is something that everyone keeps track of.   We collectively know where all our personal money is and how much of it we have.   Beyond personal holdings, all financial entities know how much they have and where it is at.  In either case all the money is recorded on some computer digital record.  That record is maintained by some financial institution on different computers in different places.

Can all this money, 50 trillion dollars be called the gross amount of spending money in the USA?  In other words does it all qualify to be spent to buy and pay for something in exchange?   That is what money does. 

Cash and coin went from hand to hand when (or if) it was the only means of exchange.   With the checking system payments/recepts went through a bank to clear the accounts of those involved in the transaction.  Checks cleared between banks if necessary.  This removed it from our pockets to record held by a banks.  Other financial intermediaries like PayPal now handle this exchange process.  Many businesses produce and market programs and computer platforms to manage the transfer of money form one account to another.


I conclude that there are two things here that seriously suggest a single facility to accomplish the accounting for money and its use in transactions that change possession ownership of the money

First: Essentially it is money simply changing hands.  Keeping track of it in my proposed monetary system is just changing who has their name on it.  Having their name on it is as good as having it in their own pocket.  Collectively having all our money in the same collective national pocket would reduce a great amount of systems redundancy as well as provide many other opportunities for efficiency as well as new opportunities related to the vast amount of information about what our economy is doing.

Second:  Money changing hands in a transaction is a property of what money is,  not what it does.  I say that it is a property of what it is because it is something that all money is conceptually capable of accomplishing with its own internal programmed method independent of what that money is exchanged for in a buy/sell transaction.  This is an additional reason that all money should exist as a single centrally maintained digital record.