by Steven St. Angelo, SRS Rocco:
The world is invested in the largest Ponzi scheme in history. According to the CityUK Fund most recent report, the total U.S. and world conventional assets under management are forecasted to reach $94.1 trillion in 2013
This is up from $87.2 trillion in 2012. These global conventional assets are broken down into the following investment classes shown in the chart below:
Here we can see that the world has $26.5 trillion invested in mutual funds, $26.8 trillion in insurance funds and $33.9 trillion in pension funds. Total global conventional assets under management grew 9.5% in 2012 compared to 2011 and are forecasted to grow an additional 8% in 2013.
Please follow SGT Report on Twitter & help share the message.