Total debt – the amount owed by every individual, organization and country on the planet – hit $305 trillion (£258.4trn) in 2022, but the world now has only US$ 40 trillion (£33.83trn) in physical money and money deposited in savings and checking accounts.

When you add in broad money, or 'any assets that can be converted into cash to buy goods and services' the amount rises to over $90 trillion (£76.1trn).