FX Dollar Debt "Huge, Missing, and Growing."

The Bank of International Settlements warned today that there is a staggering $80 trillion worth of FX Swaps debt denominated in US dollars. Worse yet, this mountain of debt exists off the balance sheets of the institutions that hold them, and regulators and central bankers alike have very little clarity into who even holds it. This could result in a dollar squeeze that would spell disaster for financial markets.

Link to the BIS report: https://www.bis.org/publ/qtrpdf/r_qt2212h.htm

Chapters:
0:00 Intro
0:18 The Report
1:36 The Stack
2:30 Everyone Needs Dollars
3:24 Short Term Debt!
7:28 Nobody Knows
9:00 DXY Chart
10:00 Long Story Short

Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance
Join My Discord for More Discussion, Q&A, and News: https://discord.gg/njvf3DPPrF

Affiliate Links:

Use this link to get $10 in free Bitcoin with Swan: https://www.swanbitcoin.com/NobodySpecial/

The Ledger Nano X: My favorite Hardware Wallet for Cold Storage of Crypto Assets: https://shop.ledger.com/?r=23974ce6def9

Recomended reading (Amazon Affiliate links):
Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/3rJvA7Y

Follow me on Twitter: https://twitter.com/JG_Nuke
Follow me on Gettr: https://gettr.com/user/nobody_special_
Follow me on Gab: https://gab.com/NobodySpecialFinance
Follow me on Reddit: https://www.reddit.com/user/JG-NUKE

#FXSwaps #80Trillion #MelonHead