Bank for International Settlements

That's why the U.S. equity market is 65% of global equity ca- market cap, because it's already all here.

But the challenge is between the euro dollar market, which is debt, dollar-denominated debt, and either $13 to $14 trillion in offshore dollar-denominated debt, the BIS estimates, rates rising forces a non l- basically a gamma move higher, right? So a, a convex increase in the net effective supply of U.S.

Treasury bonds for sale.

So within that $22 trillion net international investment position, there's $9.4 trillion in foreign-held treasuries.

I, it's, it's, the, the thinking behind it is so false and so obviously false.

But of course, when you get the Bank of International Settlements with a committee set up to do this and all the rest of it, it gives the whole thing credibility, which is completely undeserved.

Now, we're seeing the wartime propaganda really ramp up in European countries.

It looks like the leaders are at least making a pretense of going to war with Russia and at worst actively planning conscription with a potential kinetic conflict up ahead.

And it's going to kill off the COMEX as we know it, as it's presently structured.

And just as January the 1st, 2023, Basel III NSFR compliance was front run by the house, remember the BIS closed all 500 tons of their existing swaps two months ahead of the launch.

And they did that in November 2022, right at the beginning of November 2022.

That then forced a 20% price increase into Basel III launch.

Okay, well, what if it's not m- mass migration? What if it's controlled migration? What if it's not illegal immigration, but legal? Not illegal, but legal.

And how do we do that? Well, the UN held a conference in earl- in early 2020 we covered called ID2020, and the biggest banks, central banks, Bank for International Settlements, and all of them, major corporations, were all on board with the idea of ID2020, and they even talked about it in relation to migration, right? So notice his words.

Now, again, I'm for what he's talking about there, ending illegal immigration, mass migration, but what is the alternative system he's setting up, Patrick? I think it's what we see in a digital world in tokenization.

Yeah, we can still have all of this.

And how do we do that? Well, the UN held a conference in early 2020 we covered called ID2020.

And the biggest banks, central banks, Bank for International Settlements, and all of them, major corporations were all on board with the idea of ID2020.

And they even talked about it in relation to migration, right? So notice his words.

Now, again, I'm for what he's talking about there, ending illegal immigration, mass migration.

And the Vatican is separated into these three parts.

The Bank of International Settlements and the Bank of England.

And then you get Vatican as its sacred pivot point.

And the military industrial complex runs through Washington.

Yeah

... uh, Bank of International Settlements, which we've mentioned here before.

I mean, there's some great documents on this that have been done recently, but it, it's literally a, a law unto itself.

Nobody can prosecute it.

It must be important.

There is a great fintech conversation happening among the Federal Reserve, bankers, the Bank of International Settlements.

Today is going to be talking about stablecoins tokenization, less from a crypto perspective, but what is the macroeconomic impact on the traditional banking system and how money moves today? And I think it's going to be fascinating.

It is TradFi meeting crypto, but we have very, very strong and spicy views of what we're going to see over the next several years and the impact on regulators as well.