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The Daily Bell – Fed Regulatory Stance Seen Boosting ‘Wall Street Party’
The Daily Bell – Fed Regulatory Stance Seen Boosting ‘Wall Street Party’.
Fed at Odds With BIS on Supervisory Approach … Federal Reserve officials have been clear they would like to use regulatory policy as a first line of defense when dealing with excess risk-taking in financial markets, with interest rates to be employed only in extreme cases when other tools have been exhausted – WSJ
Dominant Social Theme: Either raise rates or regulate borrowing – but do something a hard man would admire.
Free-Market Analysis: We almost missed this strange little article about some very big issues. Seems the Bank for International Settlements is upset with the Federal Reserve over its market posture.
Fed officials want to regulate market risks and forego interest rate hikes. BIS officials are on record stating that rates are too low in the United States and that asset bubbles are being created as a result.
Here’s more:
“Efforts to promote financial stability through adjustments in interest rates would increase the volatility of inflation and employment,” Fed Chairwoman Janet Yellen said in a July speech. “As a result, I believe a macroprudential approach to supervision and
– See more at: http://www.thedailybell.com/news-analysis/35951/Fed-Regulatory-Stance-Seen-Boosting-Wall-Street-Party/#sthash.2zez4vBq.dpuf
The Global Bankers’ Coup: Bail-In and the Shadowy Financial Stability Board | WEB OF DEBT BLOG
The Global Bankers’ Coup: Bail-In and the Shadowy Financial Stability Board | WEB OF DEBT BLOG.
On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.
The new bail-in rules were discussed in my last post here. They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?
Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article here. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged.
Even The BIS Is Shocked At How Broken Markets Have Become | Zero Hedge
Even The BIS Is Shocked At How Broken Markets Have Become | Zero Hedge.
Not a quarter passes without the Bank of International Settlements (BIS) aka central banks’ central bank (also the locus of some of the most aggressive manipulation of gold and FX in human history) reiterating a dire warning about the fire and brimstone that is about to be unleashed upon the global economy.
It started in June of 2013, when Jaime Caruana, certainly the most prominent doom and gloomer at the BIS (who also was Governor of the Bank of Spain from 2000 to 2007 when this happened) asked if “central banks [can] now really do “whatever it takes”? As each day goes by, it seems less and less likely… [seven] years have passed since the eruption of the global financial crisis, yet robust, self-sustaining, well balanced growth still eludes the global economy…. low-interest policies have made it easy for the private sector to postpone deleveraging, easy for the government to finance deficits, and easy for the authorities to delay needed reforms in the real economy and in the financial system. Overindebtedness is one of the major barriers on the path to growth after a financial crisis. Borrowing more year after year is not the cure…in some places it may be difficult to avoid an overall reduction in accommodation because some policies have clearly hit their limits.“
The BIS’ preaching did not end there, and hit a new crescendo in June of 2014, when in its 84th Annual Report, the BIS slammed “Market Euphoria”, and found a “Puzzling Disconnect” between the economy and the market”:
…click on the above link to read the rest of the article…
Emerging Markets Masking Corporate Foreign-Debt Levels, BIS Says – Bloomberg
Emerging Markets Masking Corporate Foreign-Debt Levels, BIS Says – Bloomberg.
Foreign-debt levels of companies in emerging markets from China to India and Brazil are underestimated, threatening financial stability, the Bank for International Settlements said.
Companies are raising more foreign funds through their offshore affiliates and accounting practices understate the currency risk in such transactions, the Basel, Switzerland-based institution said in its quarterly report. Almost half of the $554 billion that the firms raised in the five years through 2013 came from the affiliates, the BIS said.
“Offshore subsidiaries of emerging-market non-financial corporates are increasingly acting as surrogate intermediaries,” raising money abroad and transferring it to their parent companies, economists led by Stefan Avdjiev wrote. “This trend could have important financial-stability implications. Yet, analysis of it is hindered by conceptual difficulties associated with statistical conventions on the measurement of cross-border flows.”
…click on the above link to read the rest of the article…
China And The New World Order
China And The New World Order.
The following video was originally produced by The Corbett Report
James Corbett does an excellent job in the following video of laying out the considerable evidence indicating that modern China is and always has been a puppet for the NWO financial elite. As we have covered here at Alt-Market for years, the East/West paradigm is a sham designed to distract the masses away from the globalists, divide us into opposing groups allowing us to destroy each other, and provide cover for inevitable economic collapse. There is a reason why China continues its membership in the BIS and IMF, and consistently calls for a global currency system under the control of the International Monetary Fund. Here is more information on why Chinese policy actions only seem to help the international financiers with their plan for a global monetary structure and global governance…
…click on the above link to see the video…
