The World’s Oldest Global Finance Organization Thinks Central Banks Could Be Causing a Crisis All Over Again
- The BIS, like most central banks, is part of the problem. They are privately owned central banking cartel, Illuminist organizations. Their shareholders are the Satanic bloodlines.
– - Serpents speak via subtlety and deception. They speak like saviors when they are part of the perpetrators of crime. Snake speak.
– - The world’s oldest global finance organization thinks central banks could be causing a crisis all over again
by COREY STERN, http://www.businessinsider.in/
More than seven years after the worst of the last financial crisis, critics are still scolding the Fed and other central banks for their role in the downturn.
–
And while many of us are still preoccupied with the post-crisis recovery, the Bank for International Settlements (BIS) – an international organization of 60 central banks – says that its member organizations could already be laying the groundwork for the next crisis.
–
On Sunday, the BIS released it’s 85th annual report, warning that political systems are encouraging policies that buy ‘short-term gain at the cost of risking long-term pain.’
–
For example, in response to the last crisis, central banks continue to have record-low interest rates as national debts reach new highs. The BIS – the world’s oldest international finance organization – worries that these factors, especially super low long-term rates, are hurting long-term growth and productivity.
–
“Domestic policy regimes have been too narrowly concerned with short-term output and inflation stabilisation, losing sight of slower-moving but more costly financial cycles,” the report said, adding that the global monetary and financial system have worsened the situation.
–
read more.
end