BIS warns of $80 trillion of hidden FX swap debt - The Great Awakening

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BIS warns of $80 trillion of hidden FX swap debt (www.yahoo.com)

posted 1 year ago by mitmont123 1 year ago by mitmont123 +32 / -0

BIS warns of $80 trillion of hidden FX swap debt

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 centra...

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– mitmont123 [S] 3 points 1 year ago +3 / -0

These are all coming due in 2023. $80Trillion is nearly 3 times the national debt. Get prepared now.

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