Officials Admit This Was A Huge Part Of 2008, 2020, Maybe The Next One, Too
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It has taken decades for officials mainly outside the US to catch on to massive monetary innovation. Currency and forex swaps aren't weird derivative contracts certain banks use, they are money and money creation. The BIS belatedly tells us (what we already knew) there's $80 TRILLION in such "hidden" money - denominated in dollars - around the world that some of them only now realize had been a huge part of both 2008 and 2020, and could be for the next one, too.
Video Length: 00:21:03
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