It would be very interesting to have Dr Farrell take on this news. BIS…
1 Like
This guy has it too. This is one bit of prop that I’m willing to believe; or, if not real, then presented as such while we’re suddenly and completely drained. The 2nd scenario is most likely, IMO, it’ll certainly be real for the unwashed, like me.
Start at 14:45 to skip some extraneous then go back & listen (if you need a nap).
Thank you. So 2023 is the year for this time bomb to explode and it will. No money for bailouts unless central banks create digital money…
1 Like
Gillian Tett of the Financial Times ran an article on this, 8th Dec 2022. She referenced this report from the BIS: https://www.bis.org/publ/qtrpdf/r_qt2212h.pdf
However, her other points in the article titled " Light needs shedding on the dollar swaps black hole" is worth considering as well. She raises a point about the murky nature of private credit, particularly the Chinese credit cycle. No surprises here for folks who follow Dr Farrell and CAF, Gillian further states the “surprising data fog surrounding US Treasuries” and transparency problems.
For those who have been following CAF’s investigations into the missing Trillions, this might just be another data point to connect the dots.
What’s most telling is how Gillian avers that there is good news in that " …that the digitisation of private data is making it easier than ever to do this type of detective work. Better still, after the 2008 global financial crisis, the US Treasury created the Office of Financial Research, which is supposed to take a holistic view of markets."
Justifying the deployment for centralized digital control?
The IIF last estimated that total Global Debt (on balance sheet at least) is in the region of US$300 trillion (FY2022). IIF does not report this figure regularly, so allow some leeway. Nov’s report was dialed in at US$290 trillion. Ref: Global Debt Monitor
Overlaying US$300 Trillion to Global blended GDP in US$ terms, that is approximately 3x to 3.5x. If we were to include this unaccounted US$80 trillion in off balance obligations, I suspect we have breached the 3.5x cover. That basically places us in the “oh bugger but manageable” category, assuming the world wasn’t in a multi-polar - poly crisis state. But unfortunately, we are in a multi - polar - poly crisis world, implying that “manageable” in the traditional sense is likely not an option.
So unless we see a global debt jubilee, as has been discussed in the past by Dr Farrell and CAF, war & conflict has been the typical play book for resets. But least we forget, digital control allows for one to “erase all traces”… especially for the “inner circles”.
Asymmetrical warfare has clearly been unleashed but to what end is an important question to consider. It may well be a last “team” standing takes all situation.
Food for thought.