PSYOP-MARKET-CRASH Black Swan Edition: Bank for International Settlements Warns of $100 Trillion of Hidden Debt Just Discovered
The world faces a staggering financial meltdown with potential losses exceeding the total number of US dollars in circulation.
The Bank for International Settlements (BIS) is the central bank of central banks that for all intents and purposes directs all of the other various central banks from The Federal Reserve to the ECB to the BOJ.
The BIS is like the One World Government central bank to the various sovereign national central banks that appear to be independent, but are all privately owned and actively working against the interests of their respective nations.
The BIS is like the hyper-centralized control center, and the various national central banks are its “penetrator” nodes.
All of the national central banks will deploy their respective CBDC products to coincide with the imminent global financial crash to end all crashes. These CBDCs will be the opening salvos in the Great Reset. At some point yet another manufactured crisis will consolidate all of the various CBDC’s into a supra-crypto-SDR (Special Drawing Rights) CBDC that will function as the singular planetary digital currency, at which point the national central banks will all be consolidated into the BIS.
In the meantime, the BIS is carefully seeding and normalizing their upcoming PSYOP-MARKET-CRASH:
Some say there are tens of trillions of shadowy derivatives, while other believe the real number is in the quadrillions. These derivatives are off balance sheet, meaning that they are essentially rehypothecation instruments of financial mass destruction.
In 2004 the BIS estimated around $20 Trillion of these derivatives, and today their estimate has quadrupled, with the total value of all derivates believed to be $100 Trillion. These are conservative estimates, with the real numbers most likely multiples higher.
The BIS is now telegraphing this $100 Trillion dollar problem as FX swaps are being refinanced at much higher interest rates, and those borrowing in dollars (e.g. Japan, Europe and the UK) have seen their currencies dramatically devaluated against the greenback.
The dollar represents 80% of these derivatives, with said liabilities due within the year as per the BIS’ Quarterly Review:
From the Quarterly Review:
Dollar debt in FX swaps and forwards: huge, missing and growing
• FX swaps, forwards and currency swaps give rise to dollar obligations that were backstopped in 2008 and 2020 by central banks acting on little information about who owed the debt.
• For non-banks outside the United States, dollar obligations from FX swaps, forwards and currency swaps have grown fast, reaching $26 trillion or double their on-balance sheet dollar debt.
• In mid-2022, non-US banks with direct access to Federal Reserve credit only in their US operations owed an estimated $39 trillion in dollars from FX swaps, forwards and currency swaps.
Note the admission that central banks were, “acting on little information about who owed the debt.” And the keywords huge, missing and growing do not exactly instill confidence in central banks given the outsized role that these murky derivatives play in the global financial system.
The below video is must see if you want to appreciate just how badly this next crash may be:
A companion article from the Express.co.uk entitled, 'It'll wipe out every dollar in the world' - new crash fears as $80trillion 'goes missing' states the following:
Now they are warning of a crash the scale of which we have never seen before, with a staggering $80trillion (£65trillion) at stake.
To put that into perspective, the global financial crisis was triggered by the collapse of Wall Street investment bank Lehman Brothers in September 2008.
That was the largest corporate bankruptcy in US history but its debts totalled "just" $619 billion. That is less than one percent of the sums at stake today.
One global financial expert contacted by Express.co.uk said a hidden corner of the finance world has been stretched to an “unsustainable” point, leaving the world in a “dangerous position”.
It is yet another sign that global finance has got far too big for its boots, leaving the world at its mercy.
Precisely because the stock markets and the debt supercycle were purposely designed to be untenable well over a hundred years ago by the architects of this global financial system.
Terrifyingly, the $80trillion-plus "hidden" debt estimate is greater than the total stocks of US dollar Treasury bills, repo and commercial paper in circulation combined, BIS said.
In other words, it's bigger than the mighty dollar.
It has grown from $55trillion to $80trillion in a decade, with daily FX swap deals totalling a massive $5 trillion a day.
Non-US banks and pensions funds have twice as much FX swap dollar obligations as the amount of dollar debt that is listed on their balance sheets.
“The missing dollar debt from FX swaps/forwards and currency swaps is huge," BIS said.
Yet nobody knows where this debt is and how much it is worth in total.
PSYOP-MARKET-CRASH will be so terrifying that the likes of the BIS, the various central banksters, WEF, UN, et al. will conveniently swoop in with their CBDC solutions to the very problems that they created in the first place.
And the liabilities are far bigger than the almighty dollar precisely because all fiat currencies will be wiped out in order to usher in the One World Government social credit score tethered CBDC hell on earth dystopia.
All by design.
Do NOT comply.
Seriously, how do we NOT COMPLY with this disaster that's being forced on us?
I don't care what they do, Im cancelling my cell phone, hoarding food, cash and other essentials and I will be living off the grid with other people like me, we will support each other. This nightmare they're planning will never last, it's too far out there. If we allow ourselves to get sucked in to this, we will be doomed. Plus, pray to God and get connected to Him if you're not. I already know people who've formed communities with drs and other people we'll need to build, do healthcare and farm. I seriously am never going to comply, I will die on my feet.