BIS warns of $80 trillion of hidden FX swap debt

there is a key factor driving us towards the coming crash and the reasons behind taking down Truss's government not a couple of billion on rates cuts or even the £120bn on an energy cap.. but rather this $80trillion that risked coming out sooner its why blackrock nearly halted trading in the background of the kerfuffle over the mini budget.

BIS warns of $80 trillion of hidden FX swap debt

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.

Dubbed the central bank to the world's central banks, the BIS raised the concerns in its latest quarterly report, in which it also said this year's market upheaval had, by and large, been navigated without many major issues.

the bit that underlines the seriousness of this from BIS was them saying

WE DON'T KNOW HOW FAR CENTRAL BANKS WILL HAVE TO GO WITH INTEREST RATE HIKES - BIS

30 years later will the whole of the West see its own black Wednesday, its very possible rates will spiral out of control in some regions.. not good timing with an energy crisis..

certainly looking more like a hard landing..

waitbutlook . . .😃


Stress testing principles

and you think your central bank still has your country's best interests at heart 🤣🤣🤣


The Basel Committee - overview

a reply to: nickyw

I had heard at the time that the FTX made its major crash, that it had been hacked at the same time. Not so sure how true that was, but let’s entertain for a minute that it was factual. Because, I wondered about that hack. Could it possibly be that the “Evil Ones” had their fun with the young CEO, took his money that he offered freely for election fraud expenses , and then just wiped him out at the end with a massive computer hack of his system? Maybe they needed to temporarily prop up some other stuff, like the stock market in the last week, or so.

a reply to: StarsInDust

The hack may have been a red herring coverup 😎