THE BANK FOR INTERNATIONAL SETTLEMENTS IS WARNING 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
https://www.zerohedge.com/news/2022-11-18/why-has-bis-bought-back-500-tonnes-gold https://www.theguardian.com/austral...o-join-two-super-funds-among-australias-worst? https://thenewdaily.com.au/finance/finance-news/2018/03/01/big-four-banks-disguised-subsidiaries/
So FTX is a nothing burger in comparison. But then again we all knew that apparently... Hard to keep up with the big boys games.
