Tag Archives: BIS

BIS Forecasts for This Week a Debt Earthquake by Any Other Name

A new report by the Bank for International Settlements (BIS) dated Sept. 15, featured in the London Telegraph‘s Evans-Pritchard column Sept. 14, warns of an international debt blowout starting this week if the U.S. Federal Reserve raises its discount rate. … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , | 2 Comments

Threat of Crash Coming Closer

A worldwide stock-market rout as August began, accentuated in European markets, reflected flashing red signals of the trans-Atlantic financial system in trouble. Of most import is the collapse of Portugal’s largest banking group, Espirito Santo. The last part of that … Continue reading

Posted in Bail-in Policy | Tagged , , , , , , , , , , , , , , , , | Leave a comment

BIS Chief Fears New Lehman Crisis

Jaime Caruana, the head of the Bank for International Settlements (BIS), in an interview with the Daily Telegraph’s Ambrose Evans-Pritchard, warned of the danger of a new Lehman Crisis as the result of the fact that debt ratios are far … Continue reading

Posted in Banking System | Tagged , , , , , , , , , | Leave a comment

Mass asset withdrawals on both the Russian and US/EU sides

Financial warfare is another dimension that the British Empire and its minions are adding to their assault against Russia. In an article reviewing mutual financial vulnerabilities in light of the Ukraine crisis, the March 15 Financial Times quoted former State … Continue reading

Posted in Ukraine | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bloomberg: Russia Can ‘Out-Sanction’ The Transatlantic Banks

Bloomberg reported on March 7, “Anti-Russia Sanctions Would Backfire against West,” comparing the assets of Russian banks and individuals in western banks, with those of Western banks in Russia. The comparison showed Russian sanctions (asset seizures) can hit harder than … Continue reading

Posted in Banking System, Impeach Obama, Ukraine | Tagged , , , , , , , , , , , , , , | Leave a comment

International movement on Glass-Steagall, Dec. 4th

Here are a number of items on the international push for Glass-Steagall, December 4th. The leading item is that in a national full-page ad, the Australian Citizens Electoral Council counters the disastrous notion of Bail-in with the needed Glass-Steagall policy, … Continue reading

Posted in Bail-in Policy, Glass Steagall | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jamie Dimon Lied About Australia Not Needing Glass-Steagall

20 Aug. (CECAU)JPMorgan Chase CEO Jamie Dimon lied in the 7 August Oklahoman when he asserted that “a lot of the rest of the world didn’t have Glass-Steagall and didn’t have problems, like Canada, Australia…” Here are the relevant facts: … Continue reading

Posted in Austerity & Bank Bailouts, Economy, Glass Steagall | Tagged , , , , , , , , , , , | Leave a comment