BIS Sounds The Alarm Over $80 Trillion In "Huge, Missing And Hidden" FX Swap Debt

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by Tyler Durden
Tuesday, Dec 06, 2022 - 11:11 AM

As the powers that be continue to scaremonger by slamming bitcoin and crypto every day, as if the asset class which is now well below $1 trillion is somehow systemic to the global economy and world markets, today the BIS briefly highlighted the real financial  bogeyman.

In its latest quarterly report, the Bank for International Settlements - also known as the central banks' central bank - warned that pension funds and other 'non-bank' financial firms now have more than $80 trillion of "hidden, off-balance sheet" dollar debt in the form of FX swaps.