In the News

Home » Blog » In the News

BIS Warns of a Global Debt Crisis and a Lack of Policy Response Options: Time to Update the BoE’s Policy Toolkit?

bank for international settlements

The Bank for International Settlement (BIS) has just warned that the global economy faces a “gathering storm” brought on by too much borrowing. With high levels of private debt relative to income, increasing financial volatility and poor prospects for growth there are growing concerns about the lack of policy response options available to central banks.

Raymond AitkenCentral Banks are complicit in the manipulation of financial markets including stock markets, commodities, gold and currency markets, not to mention the oil and energy markets which have been the object of a carefully engineered “pump and dump” speculative onslaught. SOURCE: Central Bank Governo...

last month

Raymond AitkenReference: "central banks are running out of policy options and markets are beginning to notice"; the very existence of central banks and "financial markets" is the problem. As Buckminster Fuller advised us: "You never change something by fighting the existing reality. To change something, build a n...

last month

Raymond AitkenHere is a better explanation by Prof. Ismael Hossein-Zadeh, of why "Despite exceptionally easy monetary conditions, in key jurisdictions growth has been disappointing and inflation has remained stubbornly low.": Financial Bubble Implosions. Asset Price Inflation and Social Inequality - http://www.gl...

last month
latest comments - view discussion

my wag* BoE can create the money....at not cost.* money is put on Govt's books...no cost* money is paid out to contractors for infrastructure work....no cost* money multiplies in system.....commodities: steel, concrete etc AND in workers: food, housing and other expenditures that add value to economy* rin...

last month

ShaneNow you're just lying.Credit does not mean journal entries. The trust of a legal contract is dependent on the organization enforcing it.Credit means what credit means. It means TRUST."Is my credit good here?" does not mean "do you use double entry accounting here?"This is a big reason why civilizati...

March 2016

WIll SonHi,Can someone explain to me the laws surrounding collateral that banks use to back loans.So if the bank creates credit and it based on underlying collateral, do they have the rights to the asset in loan failure?If I receive a home loan from a bank, and cannot make repayments, do the banks receive t...

February 2016
latest comments - view discussion

Marco SabaSeoul G20 summit in 2010: "if people can move money out of the banks into cash, it is not possible to steal their money to bail out the banks..."...

February 2016

James MurrayGreat article Fran.One more cutting stroke against the banks' "too big to fail" nonsense.If only Osborne can be persuaded to try loosen the stranglehold the banks have on the BoE and so take the first crucial step to democratize money....

February 2016
latest comments - view discussion

Tony HarveyThe talk freezes before resuming often and after about 12 mins 25 secs freezes permanently. I can't get it beyond there. I am using a modern computer and operating system at a public library. Anyone else experiencing this?By the way I have read Prof John F Weeks' ascerbic book right through 'How Mai...

February 2016
latest comments - view discussion

Sylwester BogusiakImho central bank shouldn't provide account's for general public. My proposal is to give private banks more power. Yes... more power to create money... also dynamically central bank reserves. My proposal has 5 conditions for banks.1: No multiplier method2: No leverage method3: No fractional reserve4...

February 2016

Bogdan Mandruand who would have though that you would be advocating for the NWO ... instead of denying and incriminating their frauds we now want to give central banks even more power ... well done ! "positive" money...

February 2016

Cryptolutionyes 'cos "General idea's" are what it takes to sort out this economic and monetary mess......

February 2016
latest comments - view discussion
d
c
back to top