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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– Tewdryg 1 point 1 year ago +1 / -0

$80 trillion? It is not surprising if you know how the basis of fractional reserve is based on compound interest. It's a simple calculation taught to all Finance students-- FV = PV(1 + i)ⁿ. However, it becomes readily obvious that this is the algorithm used for usury to create debt.

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