BIS warns of $80 trillion of hidden FX swap debt
(www.yahoo.com)
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Is that all??? Hmmm, heard higher.
Yes, yet this is only: pension funds .....
250 quadrillion figure has been floating for years if not decades. Actually, we don't know the true size of the derivative markets ....
Fact remains that world GPD is said to be 75 trillion. Which in the terms of derivatives means that world production has been hypothicated decades and decades into the future ....
Small part of the total 2 quadrillion,of swaps and derivatives. Some will be winners and some losers,as they are hedge positions. The real positions are hidden,behind a rule change in the commodity future exchange. Banks have massive positions that are unregulated.