Something like a trillion of reserves is owned by Big tech

 The stock market gains are always a bit ahead of the index balancing, and the market index is skewed  to Big Tech. Big Tech engages in mergers and acquisitions, the stock gets locked up, and the money exchanged never leaves reserves. This results in the dodging of taxes via the dodging of the fiat system. Big Tech is the new shadow banker in the medium term.

Then we have the tax haven Swifters engaging with Coinbase, Paypal, Googlepay, Applepay; all of which are leading to a a large increase in the depth of shadow banking. The concentration and skew in fiat banking is getting cleared elsewhere, and the Swift system is splitting. We are at that point, time to revise the Swift ledger system. It should not be scary, sandboxers do it all the time.