Translated from the original German article:
The Spaniard Jaime Caruana is the Chief of the secretive Bank for International Settlements (BIS). The BIS fears that central banks are no longer able to avoid the crash in the global debt crisis. Ben Bernanke has supplied the evidence on Wednesday. (Photo: Reuters)
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.
The decision by the U.S. Federal Reserve to continue indefinitely to print money (here ) might have fallen on “orders from above”.
Apparently, the central banks dawns that it is tight.
Very narrow.
The most powerful bank in the world, the Bank for International Settlements(BIS) has published a few days ago in its quarterly report for the possible end of the flood of money directly addressed – and at the same time described the situation on the debt markets as extremely critical. The “extraordinary measures by central banks” – aka the unrestrained printing – had awakened in the markets the illusionthat the massive liquidity pumped into the market could solve the fundamental problems (more on the huge rise in debt – here ).
This clear words may have meant that Ben Bernanke and the Federal Open Market Committee, the Fed got cold feet. Instead, as expected, which is now formally announcing the end of the flood of money, the Fed has decided to just carry on as before.
h/t Tom R
It does not appear that Wall Street is taking this seriously.
It is beyond inconceivable that these international banker hoods weren’t all crucified a hundred years ago, when they intentionally subverted the concept of wealth. Wealth is not this imbecilic moron money. Wealth is the produce and genius of humanity. These artificial monetary systems do not mean a thing. The idea that nations, which are the creators of all legitimate wealth and produce, should be indebted to banks, which are nothing but the excremental parasites of humanity, is too ludicrous to even contemplate. When is humanity going to turn on these maggots and take back our world
Right on…..the Banksters are nothing more than the Greatest Con Artists in Human History, they along with all their Sycophantic Slaves, including Poli-TICKS… and enforcement agencies that protect their robberies and monopolization of Wealth, Labor, and Exchange. Here is a great quote from one of the top level Banksters:
Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920’s. Speaking at the University of Texas in 1927, he revealed:
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was every invented. Banking was conceived in inequity and born in sin …. Bankers own the earth. Take it away from them but leave them the power to create money, and with a flick of a pen, they will create enough money to buy it back again …. Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in …. But if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
Sadly, as much as I would like it to be real,
that Josiah Stamp quote is bogus.
Ellen Brown seems to manufacture that kind of stuff.
Google it and look at the Gary North website.
He is a much more reliable source on anything with money.
The wealth of any nation is in the people and their ability to invent, produce, and labor i.e. work. When a government with bad and corrupt policies robs the people of their ability to produce and create wealth, it will be its end. We are witness to this end game IMHO.
Watch what this means to Americans and other countries.
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