The Hidden Shadow Money Space by Jeff Snider

Unedited by Larry CHIANG

Jeffrey P. Snider

⁦‪@JeffSnider_AIP‬⁩

1/3 Long Form MEGA Thread

🚨The Hidden Shadow Money Space🚨

🧵On a typical day, a staggering FOUR TRILLION dollars flow through a concealed shadow money space, lurking beyond the reach of bank balance sheets. But that’s just the tip of the iceberg – estimates suggest there… pic.twitter.com/Wtnon5i8NO

9/28/23, 10:21 AM

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Jeffrey P. Snider

⁦‪@JeffSnider_AIP‬⁩

Part 2/3 MEGA Thread
The Hidden Shadow Money Space

🚨Collateral: The Crux of FX Swaps🚨

🧵Too often we are taught to focus on money supply, the real issue is most often circulation and redistribution – and that means dealer banks. FX swaps, which should be thought of as a… pic.twitter.com/XJu8cIkSeP

9/28/23, 10:22 AM

WordPress’d

Jeffrey P. Snider

⁦‪@JeffSnider_AIP‬⁩

Final part 3/3 of The Hidden Shadow Money Space

🚨The Role of European and Non-Bank Players🚨

🧵In the aftermath of the 2008 crisis, European entities, both highly-rated banks and non-banks, issued debt in the form of Eurobonds. They then swapped these proceeds into dollars… pic.twitter.com/0xiTkR25xp

9/28/23, 10:22 AM