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Did The BIS Already "Accidentally" Kick Greece Out Of The Eurozone?
Yeterday, when the BIS released its annual report which was, as usual full of fire and brimstone aimed at the world's central bankers, i.e., the Board of Directors of the, well, BIS...
... which resolutely keeps ignoring the reports of its own economists and continues kicking the can and perpetuating the status quo by whatever debt means necessary, the BIS had an interesting side bar in Box V.A "Mapping the dollar and euro zones" which in simple color coding, was meant to show just that with dollar zones shown in Green while the "euro zone" was in blue.
As the BIS noted, "this box uses simple regression methods to place currencies in three zones of influence corresponding to the main international currencies based on the currencies’ degree of co-movement. The three reference currencies are the dollar, the euro (before 1999, the Deutsche mark) and the yen, consistent with their status as the three most transacted currencies in the world in the BIS Triennial Central Bank Survey. Thus defined, the dollar zone accounts for nearly 60% of world GDP, far more than the US share in world GDP, which is between 20 and 25%."
All good empirical stuff. There was, however, one rather glaring oversight: try to spot it in the BIS map below which is a snapshot of the original annual report release. Remember: Dollar zone in Green... Euro zone in blue:
Yes indeed: Greece was "erroneously" omitted from the blues.
Oops.
This is what the WSJ, which first caught the rather glaring oversight, commented:
As the graphic demonstrates, the U.S. dollar zone—a rough equivalent for the reach of Federal Reserve policy—accounts for about 60% of world economic output and includes Russia, China, India and much of Latin America. The ECB’s reach is much smaller. Indeed, so small that it didn’t include one of the currency area’s members: Greece.
It was, of course, an embarrassing error rather than a product of the BIS’s insight into the fate of the eurozone’s most troubled member.
Indeed, the final iteration of the BIS pdf had the Greek map promptly filled out with the royal blue color, but one wonders: was this merely a Photoshop "fat filler" error, or did the BIS "accidentally" preview the result of this weekend's Greek referendum in the biggest Freudian coloring slip by the (not so) secretive organization that runs the world?
Source: BIS (revised)
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If so it would be perfectly in charachter.
This reminds me of the map I sent to the Tylers from the EU last year, with Kaliningrad being a part of Lithuania.
The included Switzerland also... hmm
And Kaliningrad and Russia are in different zones.
They forgot Cyprus too.
In politics, nothing happens by accident. If it happens, you can bet it was planned that way.
Franklin D. Roosevelt
And Libya is dirty greens...
Thats Algeria.
For those of you who want to see Fairly Tale Land where Kaliningrad/Königsberg belongs to Lituania;
http://www.osce.org/eea/34459?download=true
There are other interesting things about the BIS report -
The Bank for International Settlements pre-positions itself as the wise voice of reasonCalling the capital of Königreich Preußen as Lithuanian is laughable. It's as germanic as it can get! Calling it Russian territory is a joke as well.
That's algeria.
I see now, kind of jumped... the map is cut ther, and I didn't looked the others side of the mediteraneen when I spotted it
"Never ascribe to malice that which is adequately explained by incompetence."
"I prefer rogues to imbeciles, because rogues sometimes rest."
- Alexandre Dumas
At least they kept Russia in the green zone
Only part of Russia. At least three Russia federal subjects left out (and maybe more off the map to the East)
Russia under the dollar.. Wishful thinking just because some Russian companies issued debt in bonds. It does keep the Ukraine conflict down to a dull roar. What do yoou say, crop failure in eastern Ukraine due to man made events?
Notice how they also forgot to color Crimea "green". Don't expect apologies form them on that one.
Denmark, the UK and Switzerland have not adopted the Euro.
They are more or less linked to the Euro exchange rate however.
Let's hope the thing collapses.
It would be about time!
This is going to be Biblical.
Sure it is, optimist.
As in made up bullshit to pacify the peasants? Yes, I agree that it will be biblical.
"made up bullshit" like,
you say, "I am rich, and have become wealthy, and have need of nothing," and you do not know that you are wretched and miserable and poor and blind and naked,
"The merchants of these things, who became rich from her, will stand at a distance because of the fear of her torment, weeping and mourning, saying, 'Woe, woe, the great city, she who was clothed in fine linen and purple and scarlet, and adorned with gold and precious stones and pearls; for in one hour such great wealth has been laid waste!'
The pacified peasants better wake up and find some eye salve to anoint your eyes so that you may see.… Lickety-Split
Biblical times indeed!
Hope for the new testament, expect the old. :)
But Romania and Bulgaria and Hungary etc are not in the Eurozone.
Sounds like incompetence all the way down.
Exactly...
Yes they are. They just don't use the Euro as currency.
Checking Google Earth now...
Why bother? The earth is flat. Hence why North pole expolers don't get all dizzy.
In 1950, U.S. State Dept. omitted South Korea inadvertently.
In 1990, April Glaspie (sp?) omitted Kuwait inadvertently.
Ooooops.
In a now famous interview with the Iraqi leader, U.S. Ambassador April Glaspie told Saddam, ‘[W]e have no opinion on the Arab-Arab conflicts, like your border disagreement with Kuwait.’ The U.S. State Department had earlier told Saddam that Washington had ‘no special defense or security commitments to Kuwait.’ The United States may not have intended to give Iraq a green light, but that is effectively what it did."
http://foreignpolicy.com/2011/01/09/wikileaks-april-glaspie-and-saddam-h...
There will be NO GREXIT ever.
So the pink zone denotes all trades will be made in sexual favors?
At least until the inevitable Sexit.
This^
The way they are setting up this trap the Greek people will BEG for the austerity measures. They will rape greece for whats left of it.
And you know what... the people will pull down their pants with a smile.
Is it true that Satan is alive and well and living in Switzerland?
Or, did he live his 1000 years in England, 100 years in the US and is back now in Israel for the 10 years until he is once again cast out of this world?
Greece is "contained" and ïrrelevant".
Slovakia, another euro member, is also not in the zone, while the Czech Republic apparently stole the Slovak seat at the table.
Yeah, this is just plain sloppiness.
Poland is neither Euro-Zone (on picture it is).
Slovakia is in Euro-Zone (on picture it is not)
Czech are not in EuroZone (map presents otherwise)
Croatia also not using euro
Latvia, Estonia the same...
Switzerland - CHF only.
Plenty of errors...
Uhh, Slovakia is also 'greyed out' (Slovakia uses the €uro afair) so the BIS ivory tower fuckwads missed them out too.
Map was made by a junior underling methinks. Probably going to work for the CNN geography department in the fullness of time.
Happy days ahead...
deleted DP.
The pink area is the new Ruble zone.
Perhaps the best part of the story is the apparent need to circle Greece so people can find it.
Greece is a microcosm of how the globalist view all of us; as serfs. There is no love for humanity in the hearts of many and as the days grow even darker the love of many will grow colder. We are on course as it was written nearly 2000 years ago; people better begin to really examine themselves. God have mercy on the Greeks and all of us moving ahead. The US government has neglected its role as defined by the Constitution and by divine order and therefore has become an evil empire that will hurt many along its path to total destruction as it is with many nation...past. present and future.
--------------------------
By way of secular reminder - all should watch for 10 minutes and Google the entire interview imo.
https://www.youtube.com/watch?v=QyzW8tV-bz4 (Aaron Russo Exposes Zionist NWO)
The NWO is getting smaller.
The UK in Green? Dollar zone?
From the link article, "The Swiss authorities need the permission of the BIS management to enter the bank’s buildings, which are described as “inviolable.”
Ok, here's an idea. Wait for the start of the Monday meeting. "Fuck you, we're coming in." Drive a tank into the lobby. Assemble cranes with wrecking balls and giant excavators to start taking our the bottom floor support structures. Have several tanks protecting the work. Demand all the residence to come out with their hands up. Take out any floor where there security team is shooting. Wait for the building to collapse after removing all the bottom floor supports.
Cheer the results.
I completely don't understand the lack of balls by the governments of the human race.
Sweden and Norway .... slate blue .... is this a Banzai cut and paste spoof ?
BIS is thej Big Boss, the top of the chain of command for the Banksters.