What on Earth is Happening with "$80 Trillion of Hidden FX Swap Debt"
What on Earth is Happening with "$80 Trillion of Hidden FX Swap Debt"
The head of both the Bank for International Settlements (BIS) and Federal Reserve have started publicly warning about this..
Could this be the next “oops, we might have fucked up the market through this whole ‘mortgage backed securities’ plundering scheme” but on a far more vast scale? The numbers are mind-bending. Many have been warning about the size of the ‘derivatives market’ for years — but it’s infrequently mentioned by the heads of Central Banks and their affiliates.
Now all the sudden they see it for the ‘blind spot’ that it has been.
Read that first line above again:
LONDON, Dec 5 (Reuters) - The Bank for International Settlements (BIS) has warned that pension funds and other 'non-bank' financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps.
Now the Bank of International Settlements & the Chairwoman of the Federal Reserve have both zoomed in on an $80 trillion dollar black hole?
Come again?
Who is actually qualified to understand all of this? This is above my paygrade.
Please share in the comments if you see other reporting/coverage/analysis about this.
This is the next set up. The Parasite Class used this debt as coercion for the jabs. Several of us amateur sleuths followed the patterns with HCL & smaller non cooperative countries' heads of state murders disguised as illnesses/suicides. Read the contracts. Campfire.wiki has posted the contracts we could get our hands on. Now, with all these countries in debt well past their eyeballs, the Parasite Class literally owns the assets of these countries. Next up, GAVI takes over via covax contracts and UN/WHO treaties. BTW, GVI has absolute immunity from every legal recourse we can imagine.
In essence, off balance sheet FX financing between non bank entities, denominated in dollars, and facilitated by a swap bank.
If you want a quick but easy to understand explanation go to George Gammon channel on You Tube. Link below.
https://youtu.be/fLGMxH9KFa8