posted on Sep, 20 2013 @ 01:57 AM
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.
Article translated using Google translator.
For anyone not familiar with BIS - it is the Bank for International Settlements and there is an old thread I found that has some useful information if
anyone would like to familiarize themselves with it.
The Bank for International Settlements Thread
BIS - Quarterly report - PDF
Original source link:
BIZ: Die mächtigste Bank der Welt
kündigt den Crash an
So...BIS, one of the largest financial institutions in the world, has announced impending doom?
Surely, it can't be! Didn't the stock market just break an all time record?
Thought this was newsworthy & didn't see it posted yet.
Most of the people who have been paying attention already know that the current pace of credit is unsustainable.
The credit bubble WILL eventually burst - most financial professionals & analysts at least acknowledge that.
We cannot continue the easy credit & free money of the last decade & the question of systemic collapse at this point is really "when" - not "if".
One thing I am pretty sure of is that when that time does come Bernanke sure as hell isn't going to be able to do anything to stop it.
Good luck America - Good luck World.
edit on 20-9-2013 by coldkidc because: (no reason given)