I saw this gem in an article discussing Russian submarines:
In what will be seen as a modern day Battle of the Atlantic, the Royal Navy will deploy a ‘spy ship’ to stop Russian submarines sabotaging Britain's internet by damaging undersea cables.
Due in service by 2024, the Multi Role Ocean Surveillance ship (MROSS) will help protect critical national infrastructure such as undersea cables which carry trillions of dollars of financial transfers each day and transmit 97 per cent of the world’s global communications.
Source - https://news.yahoo.com/sas-takes-fight-meddling-russians-194726397.html
"Trillions of dollars of financial transfers each day" means at least $365 trillion per year, right? And another source puts the number at $10 trillion per day or $3,650 trillion per year:
https://www.govtech.com/network/Undersea-Cables-Too-Valuable-to-Leave-Vulnerable.html
The total global economy is roughly $88 trillion ...
Source - https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/
... so why does the amount of financial transfers via cable exceed FORTY times that? And it's probably even higher if we include physical transfers of money and fungible assets.
We the People certainly aren't producing or receiving goods or services worth anywhere near such a sum. Is the world's economy just one big casino, or what?
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