BIS Tells Central Banks to Stop Pumping, Start Watching Inflation! Central Banks Told to Head for Exit !
- Withdrawal of QE means global collapse! Did QE worked? Obviously not! If you can create wealth by creating money out of thin air, they should create millions for each man, woman, child and their dog! If economic growth can be created by QE, then all our problems are over! QE does not work! The money created has been channelled into the financial casino called Wall Street. When the entire world is maxed out in debt, creating more money out of thin air to lend is the stupidest idea! You cannot solve a debt problem with more debts!
– - The BIS, FedRes, ECB, BOE, BOJ, IMF, World Bank …. and practically all central banks are privately owned Illuminist corporations. They are setting the world up for their global economic, financial and currency collapse. Their endgame is a Global Supra-National Central Bank, One World Currency backed by gold and Luciferian New World Order, World Government –>’666′.
– - BIS tells central banks to stop pumping, start watching inflation!
by Claire Jones, Financial Times
Central Banks Told to Head for Exit
Central banks must head for the exit and stop trying to spur a global economic recovery, the organisation representing the world’s monetary authorities has warned following a week of market turbulence sparked by the US Federal Reserve’s signal that it would soon cut the pace of its bond buying.
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The Basel-based Bank for International Settlements used its influential annual report to call on members to re-emphasise their focus on inflation and press governments to do more to spearhead a return to growth.
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The report, presented to many of the world’s top central bankers in Basel for the BIS’s annual meeting at the weekend, follows last week’s selloff in equities, bonds, and commodities, fuelled by fears the Fed’s tapering would spark a fresh wave of turmoil in global financial markets. Ben Bernanke, the Fed chairman, said last Wednesday that the central bank could slow its $85 billion monthly bond-buying programme this year and end it by mid-2014.
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The BIS, often referred to as the central bankers’ bank, said the global economy was “past the height of the crisis” and that the goal of policy was “to return still-sluggish economies to strong and sustainable growth.”
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It said cheap and plentiful central bank money had merely bought time, warning that more bond buying would retard the global economy’s return to health by delaying adjustments to governments’ and households’ balance sheets.
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“Alas, central banks cannot do more without compounding the risks they have already created,” the BIS said, adding that delivering more “extraordinary” stimulus was “becoming increasingly perilous.”
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