$80 Trillion in Shadow Banking - FedWatch 122
Bitcoin Magazine Podcast
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Is the Bank of International Settlements Just a Big Bank?
The Bank of International Settlements is like a big bank for other banks. They have noticed that some companies that are not banks have a lot of money that they borrowed from other banks. This money is not on their books, which means they are not showing it to anyone. It's like a secret. These companies owe the banks more than $80 trillion,. The money is in the form of something called FXWatts and uses money from different countries.
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