The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label bis. Show all posts
Showing posts with label bis. Show all posts

Monday, August 8, 2016

Jim Willie: China working with the BIS to create an international trade settlement contracts using gold at $5000 per ounce

Over the weekend on Aug. 7, statistician and economist Dr. Jim Willie published new information regarding negotiations that are taking place right now between Chinese finance officials and the Bank of International Settlements (BIS).  At the heart of these talks is the ending of the dollar as the medium for international trade settlement, and in using physical gold as its replacement.

While not completely confirmed, the number that Dr. Willie has been hearing for a repricing of gold to accommodate global trade settlement would be to boost the price/value to $5000 per ounce.

The Chinese finance officials and the Basel-based bank for international settlements are negotiating a global reform of all bilateral contracts. They strive to alter us dollar-based contracts, and change the contract terms to gold settlement. They are working on a global contract at the $5000 gold price in contract conversion. China represents eastern interests, while Basel represents western interests. It is not yet clear what will happen to commodity price mechanisms. - Golden Jackass via Goldseek

Tuesday, March 8, 2016

The Central bank of central banks (BIS) recommends new financial model and puts gold standard as a new alternative

In a recent presentation by the Bank of International Settlements, or as it is known to the masses the central bank of central banks, the head of the bank's Monetary and Economic Department recommended that the global economy needs to get rid of its current debt-based monetary system, and move to another that provides more stability with less inflationary and deflationary extremes.

And in presenting his proposal to other members of the BIS, one of the alternative systems that is on Claudio Borio's recommended sheet was a return to a form of the gold standard.


This presentation suggests an alternative lens through which to view the global economy's struggle to achieve sustainable and balanced growth, reflecting a failure to prevent the build-up and collapse of hugely damaging financial booms and busts. A symptom of the current malaise can be seen in interest rates that have been exceptionally low for an exceptionally long time, with a record high amount of global sovereign debt trading at negative yields. To break out of this trap, there is a need to take a longer-term view and rebalance policies towards structural measures, abandoning the debt-fuelled growth model that has brought us to the current predicament. - Claudio Borio 
And an additional commentary on this recommendation was made by Economist Jim Rickards: 
It's interesting that they included the Classical Gold Standard period in their comparisons. Why include gold as a baseline case unless there was some chance of going back to gold? 
The main point they are making is that inflation and deflation show up more in asset prices than consumer prices. While consumer price swings have been modest, asset price swings have been huge and dangerous. Asset price bubble bursts impose huge hidden costs and are dragging down productivity because of the misallocation of capital.
So, there are a lot of "hidden costs" in debt-fueled expansions. Once these costs are taken into account, periods without as much debt or asset bubbles (such as the gold standard period) look like a better growth model by comparison." - Lone Star White House

Saturday, January 23, 2016

Global elite flock to Davos in a failed attempt to stop markets from collapsing

Yesterday marked the end of the annual World Economic Forum in Davos, Switzerland, and saw the world's elite and central bankers discussing plans for how to deal with an economic meltdown that former BIS Chief Economist William White called, 'worse than in 2007'.


Yet even with ECB head and former Goldman Sachs banker Mario Draghi stick saving the markets on Thursday and Friday with more rhetoric of new rounds of money printing, the core fundamentals of the global economy remain on a course for total meltdown.



Thursday, January 21, 2016

Former Chief economist for the BIS says economy is now worse than in 2007

For more than two years, economists in the alternative media have been warning of a coming economic meltdown that would be worse than the Credit Crisis of 2008 simply because the debts are much bigger, and the underlying problems that led to that crisis have never been addressed.  And now in early 2016, more and more mainstream analysts are jumping onto this bandwagon, with the former Chief Economist for the Bank of International Settlements (BIS) stating on Jan. 20 that the economy is now worse than it was in 2007.
The BIS is known as the central bank of central banks, and plays a key role in facilitating global currency exchanges between nations and economies.  And what gives economist William White credibility in his current assessment of the global economy is the fact that he forecasted and warned of the 2008 economic collapse that led to the death of Lehman Brothers and Bear Stearns.

Read more on this article here...

Wednesday, January 20, 2016

Blood in the Streets, but not on the Yellow Brick Road

As oil falls below $27, and the former Chief Economist at the Bank of International Settlements (BIS) declares the global economy worse than in 2007, one asset is breaking out amongst the carnage that are the stock markets.

Gold.


Blood in the streets, but not a drop on the Yellow Brice Road.



Sunday, October 11, 2015

Federal Reserve remains only institution not seeing the coming financial crisis

This morning on CNBC (aka… CNBS), the central bank lackey Steve Liesman spoke with the NY Fed President Bill Dudley on rate outlooks for the remainder of the year.  And contrary to the fact that the FOMC choose not to raise rates in September, Dudley used the term ‘very good economy’ at least five times in less than five minutes during his interview, showing how out of touch the Fed really is when it comes to the true economy, and their need to persist in their propaganda manipulation.
Here is the interview with NY Fed President Bill Dudley citing continuously on how good the U.S. economy is
The reason that we are being critical of the Fed here is due to the fact that nearly all other important Western financial centers are admitting publicly of a coming financial crisis, and a marked slowdown of economies that in some cases, point to the fact that much of the world is already in recession.
IMF: $3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF
Citigroup: Recession buzz is heating up on Wall Street
UN: New UN report shows global youth unemployment rate still above financial crisis levels
BIS: BIS Warns Of The Next Financial Crisis
And of course there is the Bank of England’s Andy Haldane who is calling for not only negative interest rates, but ending cash in domestic and global economies.

Read more on this article here...

Monday, August 26, 2013

BIS and central banks try 8 times in 16 hours to keep gold down below $1400

When the Asian markets opened yesterday afternoon, gold futures shot through the $1400 resistance, only to be crushed in a short period of time by the Bank of International Settlements (BIS).  The BIS is the ‘bank of central banks’, which controls currency swaps between nations, and regulates many monetary practices differing nations enact.
Then over the next 16 hours, leading into the afternoon trading session of the U.S. markets, gold sellers finally capitulated as after eight attempts to drive down the precious metal every time it reached the penultimate resistance level, gold shot through the $1400 ceiling and rose to just short of $1405.
 
Read more of this article here....