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$65 Trillion ‘Hidden’ Debt TSUNAMI Will Wreak Havoc on Financial System
Trillions of dollars in currency swaps within shadow banks can be a concern for financial stability because shadow banks are not subject to the same regulatory oversight as traditional banks and therefore may engage in risky behavior.
Additionally, shadow banks often have complex and opaque financial structures, which can make it difficult to assess the risks they are taking on. This lack of transparency and oversight can lead to a buildup of systemic risk, as was seen in the 2008 financial crisis, when the failure of large shadow banks like Lehman Brothers and Bear Stearns contributed to a global financial meltdown.
Since the financial establishment exists at a higher order than the government structure, there’s no stopping shadow banks from continuing to grow, expand, and take as much risk as necessary to ensure Too Big To Fail remains in place.
TOPICS AND TIMESTAMPS:
Hidden Debt 0:00
Fed in Debt 12:49
Here’s the Answer 15:40
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