Hello, fellow Rebel Capitals, hope you're well.

So we just had this report come out from the BIS.

And this is gonna completely blow your mind.

They've uncovered or tried to uncover how big this derivatives time bomb actually is.

And in the title I said it's a quadrillion, no no that's undershooting it by a quadrillion. No, no, that's under shooting it by a long stretch and when we go through this article,

which we're going to do right now, they show you how much debt is off-balance sheet in the shadows that we don't even know about.

So when we talk about money getting tight or a lack of dollar liquidity, you have no idea about the powder keg that this actually,

the size of the powder keg is unimaginable until you read this report from the BIS and understand

that whoa what we are seeing just that's in the sunshine.

This is just the tip of the iceberg.

So let's get into the report right now.

And this is just this completely blew me away completely blew me away so make sure you're sitting down for this one and by the way I

give the BIS and I don't know the guy's name that the we just call him like

What do we call him Josh like fatty neckington or something or necky Valdez or whatever the dude has no neck

and he weighs like 800 pounds so and plus he's just part of the whole Davos type so So he's a Malthusian Marxist cult member. But I don't think he did this report, but whoever did this report at the BIS, A, I give you guys a lot of crap, but I got to give you a quick rebel capital's golf clap for this one, because this report is truly amazing.

And to be fair, they got a lot of the data from CLS, which I didn't know what CLS was before, but they're actually this

huge entity that manages about 50% of the FX settlement globally.

We'll get into that in just a moment here.

So just going through the introduction,

basically they kind of give themselves a pat on the back for

accumulating all this data that until now like we said earlier was completely in the

shadows it never saw the light of day and there was all this speculation as to how much or how or the

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