$65 Trillion “MISSING” Derivatives and the SHOCKING Results

The potential financial risks of having $65 trillion of off-balance sheet dollar obligations is staggering and if not managed properly, could lead to a devastating financial crisis. Derivatives, a common form of these obligations, can be particularly dangerous due to their lack of transparency and difficulty in pricing. As Warren Buffet famously said, “derivatives are financial weapons of mass destruction”. This was made clear during the 2008 financial crisis, when the lack of regulation of derivatives and the complex web of interconnected debt resulted in a systemic breakdown of the global economy. Without proper oversight, off-balance sheet obligations could be the cause of another financial crisis in the future.

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Central bank digital currencies (CBDCs) are likely to be implemented globally and linked through an organization such as the Bank for International Settlements (BIS) after a major financial crisis as part of a rescue plan or bailout. This is because CBDCs offer a number of benefits that can help to stabilize the global economy and provide liquidity to those worst affected by the crisis.

The main benefits of CBDCs are that they are more efficient than traditional paper money, they can be used to combat money laundering, and they can provide more stable and secure payments systems. Additionally, CBDCs can also be used to facilitate cross-border payments, and to increase access to financial services in developing countries.

A number of countries, including China, are already testing CBDCs. China’s Central Bank Digital Currency (DC/EP) is designed to reduce the cost of both domestic and international payments, and to support the country’s transition to a digital economy. The Chinese government is also experimenting with using the DC/EP as a tool for controlling money supply and interest rates, as well as for facilitating faster international payments.

If a major financial crisis were to occur, it is likely that the BIS would implement a global CBDC system in order to provide liquidity and stability to the global economy. It is expected that this system would be implemented over a period of a few years, with the first countries adopting the system in the first year, and the remaining countries following suit over the next two to three years.

TOPICS AND TIMESTAMPS:
$65 Trillion Mystery 0:00
Economic Crisis and Solution 7:19

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