Most of it is tied up in ouroborosian “financial instruments” that do nothing but buy each other, $1.4 quintillion in derivatives, and in the “Eurodollar” system. The latter has fuck all to do with the Euro (currency). It’s a group of European banks that are allowed to create as many US dollars as they want, with no oversight, in order to trade between them. This system was set up after WWII when Europe was incapable of standing on its own feet. And… it was never ended.