Visualizing $65 Trillion In Hidden Dollar Debt

[Manuel Tavares]

Visualizing $65 Trillion In Hidden Dollar Debt
Posted on 01/13/2023 by EraOfLight —
https://eraoflight.com/2023/01/13/visualizing-65-trillion-in-hidden-dollar-debt/
Posted here by http://achama.biz.ly/english/


The scale of hidden dollar debt around the world is huge.

As Visual Capitalist’s Dorothy Neufeld details below, no less than $65 trillion in unrecorded dollar debt circulates across the global financial system in non-U.S. banks and shadow banks. To put in perspective, global GDP sits at $104 trillion.

This dollar debt is in the form of foreign-exchange swaps, which have exploded over the last decade due to years of monetary easing and ultra-low interest rates, as investors searched for higher yields. Today, unrecorded debt from these foreign-exchange swaps is worth more than double the dollar debt officially recorded on balance sheets across these institutions.....+ https://eraoflight.com/2023/01/13/visualizing-65-trillion-in-hidden-dollar-debt/