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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.
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?
reply to post by coldkidc
isn't this the exact reason we have inflation? so that they can keep printing more dollars and inflating it's value?
I think the doom pedalling is merely there to make us worry more about what would happen if it wasn't there than complain about them actually doing it.
Yup.. looks like a good time to invest in Gold and Silver...
Jmbullion, here I come.
The share of "leveraged loans" or the extreme form of credit risk by mid-2013 at an all time high of 45 percent. This is ten percentage points higher than at the height of the financial crisis in 2007. A year later, in September 2008, Lehman Brothers went bankrupt.