posted on Sep, 20 2013 @ 07:13 AM
Sven says: I've only skimmed the article - pure scaremongering. And not by the BIS but by German-economic nachrichten.de. Pretty irresponsible!
But the headline: "BIS announces the most powerful bank in the world to crash" is nonsense. Neither the BIS is a bank in the traditional sense, and
certainly not the most powerful (BIS can not move like a Fed, ECB and BoJ markets). Also would like a crash in the excellent analysis of the BIS never
announced anything yet central regulations are issued. The interpretation of German-economic nachrichten.de that "According to the current situation
is more dangerous than before the Lehman bankruptcy" is more absurd. The situation escalated in 2008 because of the Lehman bankruptcy. Into account
in the assessment of the situation taken of only a code ("Leveraged Loans") and questionable conclusions, not evidence of good journalism. Another
sad "treats": German-economic nachrichten.de writes: "BIS and World Bank are the main global instances that determine the economic development of
the world (more on this spooky braid - here). Both banks, together with the IMF, theoretically, the task of monitoring the central banks' BIS and
World Bank have completely different tasks and the World Bank has nothing -. Absolutely nothing - to do with Banking Supervision (the IMF, moreover,
do not!). In "spooky braid" I had to laugh - just sad that people may believe something from the article.
I'll go with Sven on this one...