Brown Star Kachina
User ID: 84167263
 United States
12/06/2022 08:35 AM
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Report Copyright Violation | $65 TRILLION dollars of unrecovered debt on banks balance sheets SNIP Sixty-five trillion dollars is a not big number: It’s a huge, barely comprehensible number. It’s more than 2 1/2 times the size of the entire US Treasury market, the world’s biggest. It’s 14% of the value of all financial assets globally, according to a tally from the Bank for International Settlements.
It’s also the value of hidden dollar debt unrecorded on the balance sheets of non-US banks and shadow banks as of June this year, also according to the BIS, the central bankers’ central bank. It has been growing rapidly, having nearly doubled since 2008.
The fact that most of this hidden debt is owed to banks is another reminder of the ever-growing and opaque interconnections between the traditional financial system and the shadow banking sector. A whole set of recent mini-crises has shown that these links are part of why central banks keep being forced to step in and stabilize government bond markets and other assets when stress levels rise.
This $65 trillion of debt we’re talking about isn’t a set of straightforward loans or bonds: It’s the repayment obligations on foreign currency swaps and forwards. These are typically used by foreign banks and investors when they want to buy a dollar-based asset like a US Treasury bond.
Source: [ link to www.washingtonpost.com (secure)] Last Edited by Brown Star Kachina on 12/06/2022 08:37 AM |
Anonymous Coward
User ID: 15053411
United States
12/06/2022 10:19 AM
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Report Copyright Violation | Re: $65 TRILLION dollars of unrecovered debt on banks balance sheets This is why :
CBDC ; to keep the ponsi going
And
82,000 New irs agents
And The new 600$ rules
The cut in 2023 deductions
(Fraud money supply)
Thank you ! |
Blizzard Lizzard
User ID: 84209655
United States
12/06/2022 10:26 AM
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Report Copyright Violation | Re: $65 TRILLION dollars of unrecovered debt on banks balance sheets It's just paper/digital. Hit delete. Talk about the great reset. This is the one that we need. |
Brown Star Kachina
(OP)
User ID: 84167263
United States
12/06/2022 07:58 PM
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Report Copyright Violation | Re: $65 TRILLION dollars of unrecovered debt on banks balance sheets |
