by Ambrose Evans-Pritchard, The Telegraph:
China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog.
A key gauge of credit vulnerability is now three times over the danger threshold and has continued […]
by Brandon Smith, Alt-Market:
In my last article, I outlined the deliberately engineered trend toward the forced “harmonization” of national economies and monetary policies, as well as the ultimate end goal of globalists: a single world currency system controlled by the International Monetary Fund and, by extension, global governance, which internationalists sometimes refer […]
from The Automatic Earth:
Perhaps the best way to show what a mess Europe is in is the €3 billion deal they made with Turkey head Erdogan, only to see him being unmasked by EU archenemy Vlad Putin as a major supporter, financial and who knows how else, of the very group everyone’s […]
from Zero Hedge:
Claudio Borio has been pounding the table on complacency and mounting market risk for quite some time.
It was exactly one year ago that the BIS’ Head of the Monetary and Economic Department penned the following warning about the market’s dependence on central bank omnipotence:
by Devon Douglas-Bowers, Occupy, via Global Research:
The Bank for International Settlements (BIS) is an organization that is shrouded in mystery, mainly due to the fact that the majority of people don’t even know of its existence. According to the BIS itself, the main purpose of the Bank is to “to promote the cooperation […]
by Mac Slavo, SHTFPlan:
Could things crumble and crash over a simple rate hike?
Many experts say they could, and well, things aren’t so simple after all.
With all things being equal, and with respect to the status quo of the powers that be, the current state of affairs appear very …. um, delicate, […]
from Washington’s Blog:
The Bank for International Settlements (BIS) acknowledges in its annual report that the policy of cheap money has failed. All the trillions in monetary stimulus have produced no growth in the real economy. Central banks cannot salvage the economy. Governments — fiscal stimulus — must now resolve the economic crisis. Political […]
Update: Europe now looks to be in damage control mode. Here’s Reuters:
EU SOURCE SAYS EURO ZONE LEADERS KNEW OF LATEST IMF DEBT ANALYSIS FOR GREECE BEFORE AGREEING ON THIRD BAILOUT TERMS
“The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to […]
from The Alex Jones Channel:
from Zero Hedge:
Yes, Greek banks may have been insolvent – something that was clear since the first bailout of 2010 – but at least the Greek state had control over them: as such it could have mandated mergers, recapitalizations, liquidity injections, even depositor bail-ins (perhaps the harshest lesson for the ordinary Greek population […]
The World Bank’s warning comes after the International Monetary Fund (IMF) said last week that the Fed should delay a rate hike until the first half of 2016.
The World Bank has become the latest global organization to urge the U.S. Federal Reserve to delay raising interest rates until 2016, amid […]