The amount of derivatives and debt in the global financial system is so large that $100 trillion can be laying around, undiscovered. The total amount of derivatives is, by knowledgeable estimates, over one quadrillion (a thousand trillions). From 2nd Smartest Guy in the World at 2ndsmartestguyintheworld.substack.com:
The world faces a staggering financial meltdown with potential losses exceeding the total number of US dollars in circulation.
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.
Reblogged this on Calculus of Decay .
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Here is the BIS Quarterly Review link that has the 12/22 issue with the articles on derivatives.
https://www.bis.org/publ/qtrpdf/r_qt2212.htm
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