The Bank for International Settlements Sunday issued an oblique endorsement of coordinated action by the world’s largest central banks to ease funding conditions for banks. “A freezing of interbank markets in major funding currencies, as during the recent crisis, may require the ability to supply official liquidity in major currencies in an elastic manner,” the BIS wrote in its regular quarterly report.” – MarketWatch
Dominant Social Theme: Inflate! And everything will work out.
Free-Market Analysis: We’ve already indicated that we believe the Anglosphere power elite is attempting to create a kind of Great Depression in order to ease the path of world government. This squib of an article in MarketWatch (excerpted above) – unnoticed by most of the mainstream press – only reconfirms our impression.
It endorses recent “coordinated” central banking loosening. But it does more: “A freezing of interbank markets in major funding currencies, as during the recent crisis, may require the ability to supply official liquidity in major currencies in an elastic manner.”
Think about that. The BIS, whatever it is, is all for printing lots of money. And the BIS is no small-time trade group. It is perhaps the most powerful (and least known) global business body in the world. Its mysteries are manifold. its workings are well-hidden.
Of course, somebody actually set up the Bank for International Settlements in the late 1930s. And since then someone has set up or helped set up about 200 central banks around the world, many of them reporting directly to the BIS.
full article at source :http://www.thedailybell.com/3339/BIS-Calls-for-Hyperinflationary-Depression
- Government Created Depression (rustybingham.wordpress.com)
- International Debt Sales at 6-Year Low on Euro Crisis, BIS Says (businessweek.com)
- Report Casts Doubt on British Bond Buying Program (dealbook.nytimes.com)
- David Weidner’s Writing on the Wall: Europe’s bank meltdown will hit home here (marketwatch.com)
- Central banks lower swap rates by 50 basis points (tradingfloor.com)
- Interbank market staying very quiet (forexlive.com)
- Yuan Offshore Markets May Pose Policy Threat to China, BIS Says (businessweek.com)