{"id":20298,"date":"2023-09-28T15:30:06","date_gmt":"2023-09-28T15:30:06","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=20298"},"modified":"2023-09-28T11:30:30","modified_gmt":"2023-09-28T15:30:30","slug":"the-hidden-shadow-money-space-by-jeff-snider","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/","title":{"rendered":"The Hidden Shadow Money Space  by Jeff Snider"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div dir=\"ltr\"><img decoding=\"async\" alt=\"image12.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/9d6eea7b-5448-4fec-977d-54639d650f5e\" data-unique-identifier=\"\">Unedited by Larry CHIANG<\/div>\n<div dir=\"ltr\">\n<p><a href=\"https:\/\/x.com\/jeffsnider_aip\/status\/1707415360406770175?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-radius: 12px;\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/e0cfaa3f-c002-4190-ba83-75dcb0614b73\" height=\"48\" width=\"48\" alt=\"oIQq20sj_normal.jpg\" style=\"border-radius: 50%; padding: 0px;\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px;\"><img decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/7cf1b79a-2181-4222-a5f1-7571b5f18a99\" width=\"8\" alt=\"spacer.png\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px;\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none;\">Jeffrey P. Snider<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152);\">\u2066\u202a@JeffSnider_AIP\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/848d3676-4416-478b-98b1-5a8b7ab7c567\" height=\"20\" width=\"24\" alt=\"logo_twitter-1497383721365.png\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\"><img loading=\"lazy\" decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/171c8506-715f-4202-ab4d-c3c0e20e353c\" width=\"464\" height=\"1\" alt=\"spacer_464x1-1582829598167.png\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px;\">1\/3 Long Form MEGA Thread&nbsp;<\/p>\n<p>&#x1f6a8;The Hidden Shadow Money Space&#x1f6a8;<\/p>\n<p>&#x1f9f5;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&#8217;s just the tip of the iceberg \u2013 estimates suggest there\u2026&nbsp;<a href=\"https:\/\/t.co\/Wtnon5i8NO\">pic.twitter.com\/Wtnon5i8NO<\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/jeffsnider_aip\/status\/1707415360406770175?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none;\">9\/28\/23, 10:21 AM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<p><img decoding=\"async\" alt=\"image0.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/9d73042e-958b-40b5-9ec1-1ceadf3a72db\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image1.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/57acf9c8-543f-4aeb-9384-1dce67f34e37\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image2.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/c87bcbc8-44b3-40a8-8545-483f133f6b5e\" data-unique-identifier=\"\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\">WordPress\u2019d<\/span><\/div>\n<\/div>\n<p><a href=\"https:\/\/x.com\/jeffsnider_aip\/status\/1707415488026849724?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-radius: 12px;\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/62623398-1a9a-4133-84b6-012b6f79a799\" height=\"48\" width=\"48\" style=\"border-radius: 50%; padding: 0px;\" alt=\"oIQq20sj_normal.jpg\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px;\"><img decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/a00e2036-f51d-4716-95c3-e301ec64e58f\" width=\"8\" alt=\"spacer.png\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px;\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none;\">Jeffrey P. Snider<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152);\">\u2066\u202a@JeffSnider_AIP\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/613df803-2538-4fc7-a6ef-d0328b20cf7a\" height=\"20\" width=\"24\" alt=\"logo_twitter-1497383721365.png\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\"><img loading=\"lazy\" decoding=\"async\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/12088c78-f52b-465f-9981-fc34743f0624\" width=\"464\" height=\"1\" alt=\"spacer_464x1-1582829598167.png\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px;\">Part 2\/3 MEGA Thread&nbsp;<br \/>The Hidden Shadow Money Space<\/p>\n<p>&#x1f6a8;Collateral: The Crux of FX Swaps&#x1f6a8;<\/p>\n<p>&#x1f9f5;Too often we are taught to focus on money supply, the real issue is most often circulation and redistribution \u2013 and that means dealer banks. FX swaps, which should be thought of as a\u2026&nbsp;<a href=\"https:\/\/t.co\/XJu8cIkSeP\">pic.twitter.com\/XJu8cIkSeP<\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/jeffsnider_aip\/status\/1707415488026849724?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none;\">9\/28\/23, 10:22 AM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<p><img decoding=\"async\" alt=\"image3.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/624ffe42-baff-4cf2-980c-9cecfdb76c2b\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image4.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/f8740aac-250c-4764-b2af-54bb4e3356ff\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image5.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/4ab6e52b-aaa8-4bd3-990f-cbc8225dddc7\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image6.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/df970b80-0505-49b9-ab89-1a7ed419d316\" data-unique-identifier=\"\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\">WordPress\u2019d<\/span><\/div>\n<\/div>\n<p><a href=\"https:\/\/x.com\/jeffsnider_aip\/status\/1707415585577939276?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" style=\"border:1px solid #ccd6dd; border-radius: 12px;\" width=\"500\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px;\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1542859461278277634\/oIQq20sj_normal.jpg\" style=\"border-radius: 50%; padding: 0px;\" height=\"48\" width=\"48\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width:8px;\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px;\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: #292c2f; text-decoration: none;\">Jeffrey P. Snider<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/jeffsnider_aip?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: #7e8c98;\">\u2066\u202a@JeffSnider_AIP\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height:0px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif;color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none;\">Final part 3\/3 of The Hidden Shadow Money Space<\/p>\n<p>&#x1f6a8;The Role of European and Non-Bank Players&#x1f6a8;<\/p>\n<p>&#x1f9f5;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\u2026 <a href=\"https:\/\/t.co\/0xiTkR25xp\"><span>pic.twitter.com\/0xiTkR25xp<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height:0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/jeffsnider_aip\/status\/1707415585577939276?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"font-family: Helvetica, Arial, san-serif;color: #667785; font-size: 14px; line-height: 18px; text-decoration:none;\">9\/28\/23, 10:22 AM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px;\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<p><img decoding=\"async\" alt=\"image7.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/4c711358-8b09-4257-9095-91b558a97db7\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image8.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/8ede8bac-b626-4f94-895c-930c0db38357\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image9.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/8e9b0691-02f6-4731-ab06-312802278744\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image10.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/6fe2fd8f-b106-4134-a3d6-94ceadaf7ab2\" data-unique-identifier=\"\"><img decoding=\"async\" alt=\"image11.jpeg\" src=\"blob:applewebdata:\/\/d664709b-1aac-417d-a3ff-4c1eade0709f\/4e80e6da-a371-431d-9f2c-9388772b840a\" data-unique-identifier=\"\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\">WordPress\u2019d from my personal iPhone,&nbsp;<a href=\"tel:650-283-8008\" dir=\"ltr\" x-apple-data-detectors=\"true\" x-apple-data-detectors-type=\"telephone\" x-apple-data-detectors-result=\"1\">650-283-8008<\/a>, number that&nbsp;Steve Jobs texted me on<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<div dir=\"ltr\">\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0);\">https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n<div><span style=\"font-size: 13pt;\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\t\t<style>\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 33%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div id='gallery-1' class='gallery galleryid-20298 gallery-columns-3 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/logo_twitter-1497383721365-6-5\/'><img loading=\"lazy\" decoding=\"async\" width=\"58\" height=\"48\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/logo_twitter-1497383721365-6.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/spacer-6-5\/'><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/spacer-6.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/oiqq20sj_normal-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"48\" height=\"48\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/oIQq20sj_normal.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/spacer_464x1-1582829598167-6-5\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"1\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/spacer_464x1-1582829598167-6-150x1.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/spacer_464x1-1582829598167-6-150x1.png 150w, 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src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/logo_twitter-1497383721365-7.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/oiqq20sj_normal-1-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"48\" height=\"48\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/oIQq20sj_normal-1.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/spacer_464x1-1582829598167-7-5\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"1\" 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decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image5-9-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/image6-7-11\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image6-7-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/image7-6-10\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image7-6-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/image8-4-10\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image8-4-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/image9-1-22\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image9-1-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/image10-44\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image10-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/image11-60\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image11-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.duck9.com\/blog\/the-hidden-shadow-money-space-by-jeff-snider\/image12-1-9\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/09\/image12-1-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Unedited by Larry CHIANG &nbsp; &nbsp; Jeffrey P. Snider \u2066\u202a@JeffSnider_AIP\u202c\u2069 1\/3 Long Form MEGA Thread&nbsp; &#x1f6a8;The Hidden Shadow Money Space&#x1f6a8; &#x1f9f5;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&#8217;s just the tip of the iceberg \u2013 estimates suggest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20298","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/20298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=20298"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/20298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/20299"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=20298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=20298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=20298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}