'It'll wipe out the world' - new crash fears as $80trillion 'goes missing

[cancel2 2022]

A crash is the best thing for america. Start over. Bring back the gold standard and send blacks back to africa and illegals back to mexico. Diversity is a horrible idea. So is fiat money.

It would certainly save a fuckton on the electricity used to crypto mine Bitcoin.

 

[Flash]

Lol so 50 years later the car still hasn’t started.

No, but he really means it this time. One day it might come true.

 

[LurchAddams]

I have been reading that China committed the same mistakes we did in 2008. They gave the ability for companies to build homes, apartments, and even cities on borrowed money. Now they are empty and they have no renters. The huge builders are crashing. The banks are too.

The government directed those useless cities be built to manipulate the country's GDP. I saw a documentary on it. Many of the properties were sitting incomplete with no finish work done inside, like plumbing or electricity!

 

[Stone]

A Dutch pension fund or Japanese insurer could use borrow dollars then lend them as euros or Japanese yen, before later repaying them.

The FX swap market has a history of problems, including funding squeezes during both the global financial crisis and again in the early days of the Covid pandemic, before the Federal Reserve raced to the rescue.

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.

When quoting SOMEONE ELSES work you are supposed to not only use quotation marks but also include a link to where you got it from. You arent REALLY tryng to pass this off as something you wrote yourself are you? As if anyone in here would believe THAT! BTW,...what I highlighted in your quote proves you didnt write it. Fucked up AGAIN didnt you Desh.

 

[evince]

A Dutch pension fund or Japanese insurer could use borrow dollars then lend them as euros or Japanese yen, before later repaying them.

The FX swap market has a history of problems, including funding squeezes during both the global financial crisis and again in the early days of the Covid pandemic, before the Federal Reserve raced to the rescue.

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.

https://www.express.co.uk/finance/p...entral-bankers-80-trillion-crash-meltdown-BIS