ALERT: BIS CLAIMS “FAILURE”, PLANNED GLOBAL CRASH COMING

http://deutsche-wirtschafts-nachrichten.de/2015/07/22/maechtigste-bank-der-welt-legt-mandat-zur-rettung-der-weltwirtschaft-zurueck/

World’s Most Powerful Bank Reverses Course, to Avoid a Global Depression

German Economic News, Translation (and closing Note) by Eric Zuesse  |  Published: 22:07:15 20:10 clock

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 leadership is required.

In November 2008, the Federal Reserve in the US began to purchase many billions in securities, to stabilize the markets after the collapse of Lehman Brothers. Later, the Fed bought also US Treasuries, and cut interest rates to a record low of zero to 0.25 percent. So, they set off a global devaluation race. As a result, between just January 1st and March 12th of 2015, one-fifth of all central banks lowered their key interest rates. China was last to join this currency war, but when they did, their easing of monetary policy helped spark a credit-driven bull market that now produces the biggest Chinese slump in 20 years.

The Basel-based Bank for International Settlements (BIS) is considered the “central bank of central banks.” It was originally founded in 1930 to handle German reparations after the First World War. Today the BIS networks together central banks around the world, and manages on their behalf nations’ gold reserves. Its 85th Annual report analyzes the global financial system, seven years after the 2008 crisis. An entire chapter is devoted to shortcomings of the international monetary and financial system. It says that instead of promoting sustainable and balanced growth of the global economy, this system actually undermines growth long-term.

http://www.washingtonsblog.com/2015/07/as-economy-heads-to-another-crash-bis-acknowledges-were-failing.html

Friends don’t let friends believe this wasn’t planned a long time ago.  It was deliberate, as was the Great Ripoff of the 1930’s.  It’s part of a long term plan, published in “Tragedy and Hope” in the 60’s.  They intend to take over the world financially.  Why not?  They can print money for chrissakes.  But there’s an alternative.  http://monetary.org/

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