BIS: The most powerful bank in the world announces the crash
The Bank for International Settlements (BIS) is the current situation
on the financial markets as worse than before the Lehman bankruptcy.
The warning of the BIS could be the reason why the U.S. Federal Reserve
decided to continue indefinitely to print money: Central banks have lost
control of the debt-tide and give up.
The decision by the U.S. Federal Reserve to continue indefinitely to print money (here ) might have fallen on ”orders from above”.
Apparently, the central banks dawns that it is tight.
The most powerful bank in the world, the Bank for International Settlements(BIS) has published a few days ago in its quarterly report for the possible end of the flood of money directly addressed – and at the same time described the situation on the debt markets as extremely critical. The “extraordinary measures by central banks” – aka the unrestrained printing – had awakened in the markets the illusionthat the massive liquidity pumped into the market could solve the fundamental problems (more on the huge rise in debt – here ).
This clear words may have meant that Ben Bernanke and the Federal Open Market Committee, the Fed got cold feet. Instead, as expected, which is now formally announcing the end of the flood of money, the Fed has decided to just carry on as before. If one is to the BIS experts believe that no single problem is solved. All problems are only increasing.
Because the BIS but apparently does not know how they get the genie back in the bottle, it pays to listen to those who were part of the system – but now have no official functions and therefore more able to find clear words. The former chief economist of the Bank for International Settlements (BIS), William White, was also reported to be parallel to the BIS word. His statements are nothing more and nothing less than an announcement of the big crash.