2nd Smartest Guy in the World – Dec 10, 2022
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:
BANK OF INTERNATIONAL SETTLEMENTS: FOREIGN EXCHANGE SWAP POSITIONS POINT TO OVER $80 TRILLION OF HIDDEN US DOLLAR DEBT, REPORTED OFF-BALANCE SHEET.
— Breaking Market News ⚡️ (@financialjuice) December 5, 2022
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:
Coming up soon! The #BISQuarterly Review will be out today at 1300 CET, with new analysis and insights from our unique global data set on foreign exchange and derivatives markets #BISTriennialSurvey #FX #Derivativeshttps://t.co/Pb939SiG2T pic.twitter.com/ztavVSGX4J
— Bank for International Settlements (@BIS_org) December 5, 2022
From the Quarterly Review:
Dollar debt in FX swaps and forwards: huge, missing and growing
Key takeaways
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- 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:
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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.
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All banks from the IMF down through the pyramid are Rothschild owned
The reason the USA went into 7 middle east countries like Libya Iraq Syria etc was to rob
the gold reserves which they did , this was to keep the US dollar afloat
for the jew bankers who own the USA and UK
But this is not new Adolf Hitler warned the UK in the 4 years study by Neville Chamberlian and spoken of later by prime minister Harold Macmillan
Hitler wanted to warn us as fellow anglo saxons, e g his people what the jews were doing
and well you know what happened after
LONDON CALLING LONDON CALLING
David Isaacs became one of London’s richest millionaires after w w 2
How did he do it ?
My mother used to clean house for his son twice a week
and she learnt that like many jews he got out of war service
and discovered at the end of the war when the soldiers got all their back pay.
David would stand at the main rail station by the barracks and get in the same carriage
as a serviceman, he would put his suitcase on his lap take out a pack of cards and play with them.
3 or 4 other gentlemen would get in the carriage one in a dog collar one in city gent clothes
and chat would start and a game of cards would begin for small sums,
the soldier would be invited to play, and they would pretend they were beginners.
By the end of the journey the soldier would have lost his back pay
and the jewish team would do it again to some one else.
David Isaacs was also a money lender, soldiers wives would often have to borrow money to feed the family while the bread winner was away at the war,
interest on the loans were always going up and many women were forced into prostitution for Isaacs, those that refused had their faces slashed, and these jews were called ” Razor gangs”
Eventually David Isaacs had other jews like Phil Sher and the Rachman brothers all working for him as the money rolled in David started several businesses in what was called the
” Rag Trade ” e g the many east End clothing sweat shops.
An acrimonius row over money led his partner and millionaire Phil Sher to go his own way
Phil was asked on radio in 1952 why Rothschild’s who according to jews owned and ran the world allowed 6 million jews to be killed in the Holocaust,
Phil was stunned for a moment then he was one of the first jews to admit
the Holocaust story was a complete hoax.
Later Phil Sher was found dead in his bath, the verdict Suicide.
https://www.dailymail.co.uk/femail/article-7933509/Anne-Franks-step-sister-claims-photos-showing-liberation-Auschwitz-FAKE.html
There’s nothing new here. After the designed 2008 financial collapse, there was talk about splitting the bust banks into good banks, and bad banks. So the bad bank would hold all the off balance sheet debt, but these debts were so huge, they couldn’t split the banks, bacause the bad bank would have real accounts.
The banks are legally allowed to hide their debts off balance sheet. The banks were bust before 2008, and they are still bust today. If you took a small portion of these hidden debts, and tried to sell them in the market, you might sell them for pennies on the pound.
So nothing was fixed after 2008, and this is why rates are still way too low, and why they’ve been printing QE like no tomorrow, because there won’t be a tomorrow.
At some point, the banks will close for a given period, and all deposits will be stolen, then they might bring in a new system, they might even give every account free money, maybe £10k, maybe more, but it will be proper coded units of digital currency.
The reason why they might do it this way, is that the BRICSS and others won’t do a deal with the bankrupt West.
I’d be concerned that the $, £, & € could become one currency. Okay, they’d look like they do now, but for appearences sake.
A derivative is really a deal protection that never gets paid off, and they keep refinancing this debt, but rising rates, and decreasing liquidity becomes massive problem. But it is still all by design. Everyone thinks the banks are out to make money.. This is true, but banks are massively risk averse, so they hedge everything, even corporations hedge, so Ryanair hedges it’s aviation fuel costs, this is why their profits are through the roof. If Ryanair didn’t hedge, they’d be out of business, but here’s the rub, no risk, no real markets.
Everything is rigged. Since the PPT (Plunge Protection Team) started under Reagan, the big banks have crushed markets. Any commodity you can think of, the price is rigged, although, since the SMO, the NWO is losing its grip.
” ‘It’ll wipe out every dollar in the world’” Halelujia! I pray I live to see this ….
I know it’s a bit late for this, but “Neither a lender nor a borrower be”
When the people “worry” too much about the vast black hole of debt sucking them into a vortex of depression the only is to bule credit to pull them the other way, which is made right out of nothing. The trick is to keep people believing the credit in the from of whatever currency it is in is valuable which means maintaining a demand for it, which you cannot do if you are killing demand in deliberately trying to slow the economy.
‘Just discovered’. Meh. This is getting the goyim ready for the Big Crash.
Correction
When the people “worry” too much about the vast black hole of debt sucking them into a vortex of depression the only is to FUEL credit to pull them the other way, which is made right out of nothing. The trick is to keep people believing the credit in the from of whatever currency it is in is valuable which means maintaining a demand for it, which you cannot do if you are killing demand in deliberately trying to slow the economy.
DEPTS ?
Rothschilds + all the other jewish billionaries
+ israhell have to bail it out !
NO ONE ELSE !
The Fed did not stop the business cycle it amplified it.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
click off “inflation adjusted”
then click off “log scale”
the stock market was 55 in Feb 1915 and went over 36,000 (DJIA)
gold was 22 dollars/oz in 1913 and now it is around $2000
the sum of derivatives is said to be in the hundreds of trillions
like Fred B. says, slowing the economy in a world jacked to the ears in debt is a recipe for a massive deflationary bust
Good article…
Anyone that has studied history and passed Grade 7 Math would agree.
Debt and Compounding interest by Jew “Fairy Poop” shekels is our downfall unless we wake up asap.
One key feature is USA….when Federal Reserve created..which was used to fund WW1 and WW2…kill/cull millions of Goyim ,,,and set up Jew safe house Israel.
The (((Great Depression))) under FDR confiscated gold…bankrupted the USA..which was then turned into a different legal “corporate” entity further entrenching Jew power.
The 2008 crash certainly exposed much of what has occurred for decades.
…….many learned the Federal Reserve was a private Jew bank….(just like 9/11 exposed Jewish power in a major way )…..and the debt was huge even then….
……Thus the global economic collapse is inevitable..that it hasn’t collapsed yet means it will get much worse when it does collapse.
Totally un neccessary if each nations Goyim traitors had been tried and hung.
“Note the admission that central banks were, ‘acting on little information about who owed the debt.’” …Well it’s not We the People, the average citizen, who owe this phantom “debt”, so the Jew-owned BIS can eat shit. I owe those assholes nothing, except perhaps a sound beating and some lead at high velocity.
Let the bankers and oligarchs put their money where their mouths are and show us that “having nothing will make us happy” They return all the stolen trillions that belong to us, “we, the people”, and prove that they can be happy without their yachts, palaces, Ferraris etc.!!!
Poor creatures…..imagine how unhappy they must have been with all that fame and fortune!
The clownsters whine about an insurrection on Jan 6. With 300 million guns in private hands, maybe we can declare sovereignty from globalists and deem our part of that debt uncollectable. I can dream can’t I.