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Dependence On Central Banks Is "Unrealistic And Dangerous", BIS Warns
To be sure, there’s something terribly ironic about the central bank for central banks telling the world that the market is too dependent upon central banks, but then again, the Bank for International Settlements isn’t exactly shy about making scary-sounding declarations and criticizing its board members (listed below) in its "closely-watched" (if only by those who are aware of the institution’s shadowy existence and give any credence to what they say) quarterly reviews. As we put it back in June:
The BIS serves to encourage and perpetuate the power and prestige of the world’s central bankers and provides a top secret forum for the monetary policy cabal to meet and commiserate safe at all times from the prying eyes of those to whom the bankers should by all rights be accountable.
In this context it’s somewhat absurd that the bank’s reports — which, as a reminder, are required reading in treasury departments and monetary policy circles around the globe — contain scathing critiques of the very same policies which were no doubt devised, tweaked, and honed over dinner and fine wine in Basel. Nevertheless, the BIS’ latest tome is replete with criticism for the idea that the very people who make up the bank’s Board of Governors are indeed omnipotent.

Last year alone for instance, the bank warned of a “puzzling” disconnect between the economy and “euphoric” markets, excessive risk taking and depressed volatility fostered by ultra accommodative monetary policy, and the effect of a strong dollar on the solvency of EM corporates. Earlier this year, the BIS joined the cacophony of analysts, pundits, and commentators suddenly screaming about the absence of liquidity in corporate credit markets.
Well, the bank is at it again in their latest quarterly report and although most of what’s discussed in the 187-page document will be no surprise to regular readers, BIS Head of the Monetary & Economic Department, Claudio Borio’s prepared remarks are worth a review as they serve to underscore the fact that some very “serious” people in Basel are apparently quite concerned about the risks facing their board members.
Borio begins by noting that the defining feature of Q2 was turbulence, first in Greece, and then in China, where a multi-hundred billion yuan unwind in a half dozen backdoor margin lending channels triggered a market meltdown:
We often look at the world as a set of still frames, rather than as a movie, as we should.
The still frame of the last quarter - the period under review in this issue - has one distinguishing feature: turbulence. Initially - think of it as the left side of the frame - it was Greece that grabbed all the attention and headlines. Market participants had hardly had the time to breathe a sigh of relief when Asia, in particular China, appeared in the centre of the frame. First, the origin of the shock was the Chinese stock market, which on 8 July saw its largest one-day drop ever; then, on 12 August, it was the authorities', admittedly rather small, devaluation of the currency as they officially shifted towards a more market-oriented exchange rate regime.
The shocks in July and August set off much bigger and far-reaching tremors. Stock markets around the world weakened. More importantly, commodity prices plummeted - accelerating their previous longer-term decline - and volatility spiked. The oil price gyrations were remarkable. The price sunk to a new trough below $40 on 24 August, undoing the whole of the partial recovery in the second quarter of the year, then soared some 30% in only one week before dropping back again.
The story progresses logically to the predictable and well-documented effect the above has had on EMs, with Borio also noting that the market's extreme reaction to developments in China may have something to do with the extent to which market participants are hanging on every last movement in the SHCOMP and, more importantly, the yuan:
The exchange rates of emerging market economies (EMEs), especially commodity exporters, were hit hard, and their credit spreads widened.
Why such a big difference in the response to the initial sharp drop in Chinese equity prices in June and the subsequent shocks? In part, this may reflect market participants' selective attention. More fundamentally, though, it mirrors their shifting perceptions of background economic conditions and of the power of policy.
And there's the seemingly obligatory discussion of dollar-denominated EM corporate debt, which is of course a potential landmine in an environment where capital is flowing out of EMs and where the effect of a Fed hike is magnified by the fact that in a world where asset classes have become increasingly correlated, risk-parity funds may be forced into the dollar should everything else begin to sell-off at once:
The data reveal a certain bifurcation in global liquidity, with credit to China, Russia and, to a lesser extent, Brazil being especially weak. Here, the role of credit denominated in US dollars plays a critical role. As highlighted in a number of BIS publications, the total amount of dollar credit to non-bank borrowers outside the United States had risen by over 50% since early 2009, to 9.6 trillion by end-March 2015, and almost doubled for EMEs, to over 3 trillion. Much of it has found its way to corporates, raising serious questions about the financial vulnerabilities involved and the implications for self-reinforcing movements in exchange rates and credit spreads.
Finally, Borio warns that increasingly interdependent "policy arrangements" have proven ineffective when it comes to smoothing out the business cycle and have in fact served only to magnify the scale of booms and busts (and argument we and others have made tirelessy for years):
Taking an even longer-term perspective, as argued in detail in the latest BIS Annual Report, all this points to weaknesses in domestic and international policy arrangements - arrangements that have so far been unable to constrain sufficiently the build-up and unwinding of hugely damaging financial booms and busts across countries.
But despite all the evidence (2000, 2008, etc.) which points to the fact that attempting to use monetary policy to micromanage economic outcomes very often ends in tears, the world has nevertheless become more dependent on central banks than ever before:
Hence a world in which debt levels are too high, productivity growth too weak and financial risks too threatening. This is also a world in which interest rates have been extraordinarily low for exceptionally long and in which financial markets have worryingly come to depend on central banks' every word and deed, in turn complicating the needed policy normalisation. It is unrealistic and dangerous to expect that monetary policy can cure all the global economy's ills.
The cryptic conclusion: "All this is reminiscent of the old joke about the stranded tourist who, having asked for directions, was told: 'If I were you, I wouldn't start from here.'"
We agree - we think.
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It is dangerous to rely on "cental" anything.
God's are infallable.
Just another group of tax-exempt elitists who are trying to keep themselves relevant.
You've been psy-opped. The institution that is comprised of the debt-money institutions of the world isn't relevant?
Debt-money and its private controllers that control the money center banks and these central banks aren't relevant?
You probably have no idea that you reside on the Debt Star... which is far more efficient at asset stripping people than the Death Star.
Here's a cluepon...
Renaissance 2.0
https://www.youtube.com/watch?v=96c2wXcNA7A
As if the BIS hasn't been in on this from the beginning.
Except for us radicals, nobody but the CB's ever reads the reports and since the CB's don't give a shit, the BIS can be honest. Now if they ever start talking about it on CNBC where the sheep might hear about it, things would be different......
yes . . . straight from the mouth's of the Rothschilds
is there anything left for them to buy up before the crash?
Some phyz is still available
All the "red shields" need is enough to control market. Ask yourself who has been hoarding gold ? China ? Russia ? Saudis ? Rothchilds ? Ummm.
Yeah, but it always comes down to the point where rats will start jumping off the ship.
I think that this really does signal that the Fed is done. The Fed has been steering. There's no longer any steerage. Impact is imminent. The BIS is signaling that the long-running storyline can no longer be played and that that message ought no longer be used. Will they be able to find another story? I tend to believe that if there had been one they'd have trotted it out by now. Their only hope is to have some sort of spontaneous one-world-government pop up, something that, though possible, is highly improbable: power never gives itself up w/o a fight, only through war could there be a change, and at the end of such there will have been such an increased sense of nationalism that there's no way any far-off, centralized govt could hold.
The semblance of stability that we've experienced for so many years (those of us in the West that is), is going to soon vanish.
The story is China. Nothing wrong with the US, it's all Chinas fault and we are going to fix it with QE.
Apparently a couple folks missed the sarcasm.
Check your /s detector you down voters.
....Their only hope is to have some sort of spontaneous one-world-government pop up...
This has been the goal all along. The BIS is taking on the 'voice of reason' role, but these bastards planned all of this. The FED, IMF, BRICS all take their cues from the BIS, and the plan has always been to make 'independent central banks' look criminal, and the 'solution' to it all is GLOBALIZATION.
Well, um, OK. Like humans don't collaborate? Of course folks will look to/try to do this. But that doesn't mean any success. BAD SYSTEMS FAIL. I won't spend my energies on worrying about something that has such a low probability. Keep in mind that there's always the "other side" that is looking to undermine things in order to swoop in and put itself in power: I see religions pushing hard on the other side, most have their pawns worked up pretty hard about this "threat" (and the pawns don't realize that they're just supporting the same fucking thing).
Humans are silly...
As their influence ends, so will their immunity.
The private oligarch Debt-Money Monopolists control the BIS, they control the national central banks, and they control the money center banks.
One "ring" to rule them all, as it were.
They also took their control over money and control all the multi-national corporations... all of whom exist in an effort to get some of the positive money while offloading the debt side of debt-money to the Grubered masses.
The idea that these agencies and corporations are independent is a DECEPTION - and one that should not trick us anymore.
Debt-Money Monopolists... they are the "bottom of the Earthly rabbit hole."
Wow the BIS is setting themselves up pretty nicely to be the "I told you so" institution. The fed hikes rates can causes a crisis, and blames the budget debate aka the rebublicans. The crash will scare the pants of the politicians which will beg the fed to do WHAT EVER is necessary to stop the pain. This will leave the door open to banning cash and pushing rates seriously negative.
good cop, bad cop routine
When it comes to "banning" all that does is remove the final cloak of deception. Banning cash will make physical cash more valuble than ever. Sounds great, ban away you stupid fucks. negative rates will make this effect even more intense as it will be widely known and accepted that the bank is outright stealing your savings. Barter will go full tilt! Those with real assets and real tradable skills will be wealthier than ever while those with no tradable skils/assets will starve.
Sounds good to me, get thi party started already!!!
Besides making cash more valuable, banning cash increases the incentive to pay down debts. So do negative interest rates.
yes, then again, will they pay us to take out a billion loan?
Sadly, however, is that they'll demonize it such that the masses are used to (through massive programming) round up/report anyone using physical (cash or PMs). Not what I want to see; but, what I want to see has nothing to do with WHAT IS SEE.
"Those with real assets and real tradable skills will be wealthier than ever while those with no tradable skils/assets will starve."
And that's the [only/real] way forward!
I think it's bigger than that. I think they'll pull off a false flag at the same time to push for UN centralized government.
Just preaching the Word...don't take us seriously said BIS
Captain - Correct. Central Banking is a 300 year old model which skims a portion of labor one can never get back through inflation and exacerbating the natural boom bust cycle to CAUSE blood in the streets. And politicians love the fig leaf and corruption the model provides.
One can see how the famiy owners of this model the Roschild's with blood on streets is Napoleons battle of Waterloo where they rushed a messenger back to London to send a wrong signal Napoleon won. Investors speculated he would lose so they dumped all there stock and Rothchilds bought it all up for pennies on the dollar. Yuk Yuk Yuk Dr Evil laugh....
"Cain't git theyuh from heeyuh."
The elites have been preparing their friends for the collapse for some time. They're ready, while my broker sends newsletters imploring me to buy buy buy because everything's peachy.
First drone store’s opening met with protests
http://tinyurl.com/qgle5xv
Why all the hating? Now we all know where to get a free drone from... ...whoops, my bad, I thought that was the "first store to delivery by drone"...
"... in which interest rates have been extraordinarily low"
It is not that interest rates are "too low"
Interest rate is the price of capital.
If an economy is producing much more than it consumes then there is lots of capital available for lending and interest rates will be very low.
If the economy is consuming more than it produces then there is not as much capital to lend and the interest rate will be high.
What the Federal Reserve is doing is counterfeiting capital and lying that the economy is producing more than it is consuming.
This is FRAUD!
It will not end well.
people need to hang
from lamp posts
the traitors who have done this
Hanging is ineffective against individuals with Reptilian symbionts. The host body may be affected briefly but they will rise from the dead in zombie fashion afterward. A shotgun to the brainstem is the simplest solution although complete cremation is the preferred method of elimination.
The evil being perpetrated on this rock transcends, and goes far beyond, the physical body and our little 3D, simian perception of reality.
Yes, but unfortunately that evil still requires a huge amount of energy to keep going...
I see ever increasing barter in my neck of the woods. Some my tribe has gone a bit overboard, armed and equipped better than anything I had during my service. Get those fusion reactors online, stat!
tick tock...
Flamethrowers squads then.
And a Faraday cage to trap their souls, so they can't ever take over another psychopathic 'portal.'
CB's will take the fall, then we'll be ushered into an even more centralized system with Orgs like the BIS in control.
But first....CB's have to be shown to be totally incompetent.
Why central banks have pushed rates to ZIRP to incent ever more credit / debt for declining core populations (permanently declining, at least with our lives)...it's likely criminal and/or treasonous.
Nice to see that Mexico has representation.
Central Banking is a religion that makes its high preists/priestesses a whole hell of a lot of money.
Get back to work serfs.
no shit, really.
wow.
why do evil people pretend to be good?
why did the wolf pretend to be little red's granny?
the wolf knew the huntsman was looking for a wolf.
but if there is no law anymore, why does the wolf still pretend?
i think the wolf is insane.
Have you ever danced with the devil in the pale moonlight?
https://www.youtube.com/watch?v=8gfMXEmCew4
The BIS is, at least, intellectually honest IMHO, but they were not intellectually honest until I leveled Bear Stearns & Lehman Bros. March 10th 2008. Better late than never, frankly.
Bank of International Settlements.
Bunch of Idiots Stealing.
Kind of like having Ted Bundy as the moderator on a feminist forum debate on campus rape policies.
Or Sweeney Todd talkin about safety razors.
Dependence?
Recall the days when banks sought deposits and were competitive with interest paid to get them?
Basically ended about 1998.
The Plan was to move all the grandparents and retirees who were making 5% on jumbo CDs into the stock market.
The Fed began making direct loans to even small, local banks. The banks no longer needed your money so didn't pay for it.
Mo money in to be churned and "lost" in tech bubbles and every other manipulation...
Dependence? More like our way or the highway. Interest on money a thing of the past, unless YOU borrowed it.
Nothing but insanity ensuing ever since. Big element in our collapse by design and looting of America.
precisely, Banks used to real banks and responsible for protecting and growing real capital/collateral.
They are nothing but useless overcompensated middlemen between the printer/computer and the producer/consumer in the real economy. Fuck em, time to execute the middlemen.
And they don't need our deposits any more.
Except they want to add fees when we use our money.
That is the funny thing about going cashless and banks raising fees. They never cut the executive compensation, perks, fancy offices, big buildings. Their Compensation keeps going up like Babylon, but they say they don't make enough money and have to charge higher fees.
BIS, Central Banks, Wall Street, VICHY DC, those are Babylon.
Like they are building a tower of Babel.
The tower is crumbling and more and more people realize that their money is safer in a fucking mattress.
I see a big shift in my business to a return of capital, period.
Again, fuck em.
Teeth - Yes. Mystery Babylon indeed.
There is NOTHING else. The central bankers are the oligarchy’s last hope to prevent major social unrest. Forever increasing debt and deficits to try to paper over the already massive mountain of debt. Many people in the U.S. cannot even fit any more useless crap into their houses. Their two leased SUVs sit in the driveway, as the garage is full of more unneeded trash from China. Credit cards maxed out, upside-down (again) on the mortgage as home prices start to slide (again). The Fed-induced bubble in equities deflating now too. Six I-Phones, and can’t pay for the plan. Millions of illegals work cheap and for cash, so no taxes. Live 15 to an apartment.
A bloated government trying to keep the entitlements flowing. People fear a government shutdown, only because they fear their checks may stop coming. Medicare, Medicaid, EBT cards, welfare, social security, V.A. benefits, all demanded by the masses.
The slowdown is permanent and millions of immigrants are not new borrowers and customers for the oligarchs, they are just more of a burden on the country.
Soon, every country will build massive walls and electric fences. The MIC will start more wars to spread “democracy”, and increase profits. Tech is toast; the hyped up mega-bubble in Silicon Valley will end in tears. Thousands of homes foreclosed upon, thousands of vehicles and toys repossessed. People will walk away in droves, unable to pay off their huge debts. Banks will demand bailouts (again). Rinse-repeat.
The only hope is Trump; he will run the government like a business. Govt workers must show what they are doing adds value, or shut it the f*** down. The waste is enormous, but so are the demands for entitlements. There will be pain, a lot of pain, but no pain-no gain. The masses must accept a far lower standard of living.
Is this the same Trump who's billion dollar real estate business was inhertited from his father? I wonder how that porfolio would look if the Fed had NOT bought all those bullshit MBS?
Fuck trump you stupid fuck.
Temerity Trader,
the problem with
"Rinse-repeat"
is that previously that process was based upon having a fresh planet for the industrial revolution to strip-mine. Previous repetitions happened while there was still enough natural resources left to continue to exponentially strip-mine the planet. The debt engine treadmills were designed to be able to maximize that, by making the public "money" supply out of nothing as debts, in order to "pay" for strip-mining the planet, through economic systems that turned natural resources into garbage and pollution as fast as possible. Those who were "best" at doing that "succeeded" in doing the following:
As stated by historian Carroll Quigley:
"powers of financial capitalism
had another far-reaching goal,
nothing less than to create a
world system of financial
control in private hands
able to dominate the
political system of
each country and
the economy of
the world as
a whole ..."
That system was "to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements. ...The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. ... It must not be felt that the heads of the world's chief central banks were themselves substantive powers in world finance. They were not. Rather they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up, and who were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks."
Central bankers work like organized crime works. The existence of "central planning" is due to the social successfulness of the central planning of the international banksters being able to persistently apply the methods of organized crime to the political processes. The results have been that all aspects of POLITICAL FUNDING cascaded through fractal patterns of triumphant organized crime, throughout all sociopolitical systems, including the schools and mass media, so that most politicians became the banksters' puppets, voted for by enough of the masses of muppets.
The vast majority of people act like incompetent political idiots, due to them adapting for generation after generation to survive inside of social systems operated according to the principles and methods of organized crime. The only realistic solutions to the real problems would require better organized crimes, manifesting as better death controls. However, the degree to which the established systems of deceitful death controls became socially successful drove the vast majority of people towards becoming totally incapable of thinking about that in sufficiently different ways.
The only possibly better alternatives would have to be more democratized death controls, to back up more democratized debt controls, so that the combined money/murder systems could use more information, in qualitatively different ways, enabling higher consciousness about that. However, the failures of people ever being able to agree upon better death controls, to back up better debt controls, necessarily resulted in driving the best organized gangs of criminals actually doing what they do. Thereafter, the more that they succeeded in doing that, the more that their successes made it politically impossible for any better alternatives to be developed.
http://www.conspiracyarchive.com/NWO/silent_weapons_quiet_wars.htm
Silent Weapons for Quiet Wars
"Energy is recognized as the key to all activity on earth. Natural science is the study of the sources and control of natural energy, and social science, theoretically expressed as economics, is the study of the sources and control of social energy. Both are bookkeeping systems: mathematics. Therefore, mathematics is the primary energy science. And the bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping. ... In this structure, credit, presented as a pure element called "currency," has the appearance of capital, but is in effect negative capital. Hence, it has the appearance of service, but is in fact, indebtedness or debt. ... if balanced in no other way, will be balanced by the negation of population (war, genocide)... They must eventually resort to war to balance the account, because war ultimately is merely the act of destroying the creditor ... War is therefore the balancing of the system by killing the true creditors (the public ...)"
The BIS is the now the supreme bookkeeper.
IN THEORY, human beings should better understand themselves as entropic pumps of environmental energy flows, however, the established social pryamid systems, which currently have the BIS as the pyramidion capstone, are based upon governments ENFORCING FRAUDS by privately controlled banks, whose social successfulness was based upon the vast majority of people developing attitudes based on the maximum possible deliberate igorance towards the principle of the conservation of energy, as well as the maximum possible deliberate misunderstanding of the concept of entropy in absurdly backward ways.
IN PRACTICE, it is politically impossible for human beings to better understand and adapt to change their artificial selection systems, without the back-up systems being natural selection pressures, operating beyond human control. Indeed, natural selection pressures originally made and maintained human intelligence and artificial selection systems, however, that happened through the history of successful warfare based upon deceits, morphing to become successful finance based upon frauds.
The synthesis of that THEORY and that PRACTICE will continue to be the hyper-complicated ways that artificial selection operates inside of natural selection.
Ya know way back in the olden days, counterfieting was a capital crime. Wouldn't be a stretch to accuse the BIS and its parasitic employees of counterfieting. Now we just need some reality TV format for executions or face offs with these yos. Cage fights - BIS vs IMF. This would be a sellout, millions in access fees, broadcast rights. Fight to the death. Roman Coliseum redux, toss in some endangered species, lions, tigers and Rinos to make things interesting.
Legalized counterfeiting
is but legalized treason!
The essential nature of the various governments of the world actually run by the banksters' political puppets, who are voted for by enough of the masses of muppets, is runway vicious spirals of legalizing treasons, all of which should be punishable by death, due to the seriousness of the consequences of those crimes for everyone else. However, as John Harington said:
The BIS is the supreme symbol of nations becoming controlled by private banks, because those nations GAVE AWAY THEIR POWERS TO CREATE THIER PUBLIC MONEY SUPPLIES TO PRIVATELY CONTROLLED BANKS. After treasons enabling legalized counterfeiting of the public "money" supply have prospered so much, there are NO politically possible ways to prevent them from automatically getting worse faster.
America was originally supposed to have a public money supply backed by gold and silver, whose value was set by Congress, which also originally provided for the death penalty for anyone who debased that money. When one considers the consequences, making it a capital crime to counterfeit the public money supply made sense. However, the best organized gangs of criminals were gradually able to corrupt Congress enough to demonetize silver, enabling the runaway developments of fractional reserve banking and the creation of the Federal Reserve Board, eventually resulting in gold being demonetized too.
Legalized counterfeiting of the public "money" supply by privately controlled banks is the supreme achievement of organized crime, which requires the government to commit the greatest acts of treasons possible against the people. However, since that gradually developed, for generation after generation, the vast majority of people did not understand what was happening, but rather were conditioned to not want to understand what was happening.
Systematically, the international banksters worked to capture control over the governments of almost every country, while most of the political events that have dominated more recent times were the continuation of their global strategy, with the countries targeted for "regime change" primarily being those which were not already deeply in debt to the international banskters, and/or did not already have a central bank controlled by the international banksters.
The BIS is the King of King of Frauds on such an astronomically amplified level that the vast majority of people barely begin to consider that that is possible. The BIS demonstrates the emergence of a New Royalty, that is above the rule of law of any nation. That nations agreed to those developments was in every way, at every step, another form of legalizing treasons.
OF COURSE, THE PROBLEM IS SUCH TREASONS HAVE PROSPERED TO SUCH AWESOME LEVELS THAT IT IS POLITICALLY IMPOSSIBLE TO IMAGINE HOW ANY NATION WOULD ABLE TO REVERSE THAT NOW.
The public political discourses almost totally lie by omission regarding those topics. The realities are way too flabbergasting for most people to consider being the case. For We the People, through their political representatives, to give away the power to make the public "money" supplies out of nothing as debts, and then pay endlessly compounding interest on those debts to those private banks that were legally able to be creating that "money" supply out of nothing as debts, while governments ENFORCED FRAUDS that allowed those privately controlled banks to be able to do that, ARE WAY TOO AWESOME FACTS FOR MOST PEOPLE TO CONSIDER AT THE CASE!
In my view, more than 99% of the general public would not be able to understand what the fight was about regarding control over the public "money" supplies, due to the degree that they have been successfully conditioned, for generation after generation, to feel like they did not want to know. Therefore, any sort of "Reality TV Shows" regarding "Cage fights - BIS vs IMF" would have almost nobody interested in watching those, because the vast majority of people would not have the information needed to be able to perceive and understand what was going on. Rather, it is utterly astonishing to face the facts regarding the degrees to which most people care so much about making money and spending it, while they simultaneously are almost totally NOT interested in the SOURCE of that money.
RM - Your theory how this happenedd is correct, but WW3 is coming. And afterward the same people will try it again and will not succeed. As for death controls, yes. In 40-50 years we will enter the singularity 4D and end classic death. But as the flesh cannot enter it only consciessness stored in a very long thin stream of electrons such is technically a death control.
http://www.youtube.com/watch?v=hvcq3OpX8qQ
World War III - Who Will Be Blamed?
Everything is becoming more criminally insane than it ever was during previous eras of human history! Therefore, I am NOT confident about technologically based civilization surviving its contradictions long enough to enable some singularity to have a chance to emerge.
I to not doubt the potential for such singularity technologies to develop, what I doubt is that overall the human species could survive its psychotic and psychopathic politics being astronomically amplified that much. At the least, I do NOT expect any simple linear progress to be possible.
I take it you've never heard of the term, "IMF Riots."
Look it up.
The oligarchs could give two craps about social unrest. The rabble is too out of touch to have any chance at figuring out their current predicament, let alone define the root cause of it.
I can name the root cause... Their own selfishness and narcissism coupled with the Debt-Money Monopolist selfishness and narcissism backed by government power.
Most people can't even work backwards with the answer in hand.
I WISH that I did not have to agree with you, All Risk And No Reward, however, there is no doubt that you are correct:
The public "money" supply made out of nothing as debts is what is "paying" for the armed forces and police, as well as they are also promised to continue to be "paid" their pensions with that form of "money" too. As long as those people continue to believe in the State Religions manifesting as the monetary system and national security, then the banksters ability to control civilization will continue.
The people who are "paid" to operate the murder systems that back up the monetary systems are the most brainwashed to believe in the banksters' bullshit. Furthermore, in my opinion, most of what the controlled opposition groups spout as their bogus "solutions" to the real problems are mostly even worse bullshit! The essential issues are that money must be measurement backed by murder, as the most abstract form of private property being claims backed by coercions. Human beings must live as entropic pumps of environmental energy flows, which means their civilization must be systems of organized lies operating robberies.
Those who operate the murder systems that back up the monetary systems tend to be those who most do not want to understand what they are really doing and why. It is one of the most intense political paradoxes that the dominate State Religions work to the degree that enough people believe in their absurdly backward assertions. To the degree that the police and armed forces continue to believe in the dominate State Religions, then they will continue to ENFORCE FRAUDS.
The political science fiction/fantasy "solutions" to those problems that I recommend are based upon some series of political miracles that would be necessary in order for enough of the police and armed forces to understand what they were really doing, and why. That fits into the overall ways that human beings should better understand their artificial selection systems, within the natural selection systems. However, that appears to now be politically impossible due to the degree that those systems developed to become most socially successful by being the most deceitful and fraudulent.
Debt-Money Monopolists are able to operate frauds that are enforced by governments, in ways which are symbolic robberies, whose enormous magnitudes no longer have any rational relationship to the physical world, or rather, have the kind of relationships that depend of there being electronic money backed by atomic bombs. The excessive successfulness of that has become so extremely unbalanced as to go beyond being able to fully imagine.
More importantly, the basic bullshit world view promoted by the banksters, and the biggest bullies that preceded them during human history, have been able to so overwhelmingly promote false fundamental dichotomies, and the related impossible ideals, that there is barely anything but controlled opposition groups, spouting basically similar bullshit, that surround the banksters.
The way to understand the BIS is as the supreme achievement of organized crime capturing control over national governments. At this point of time, there are no realistic ways to go backwards, since there already exist globalized systems of electronic monkey money frauds, backed by apes with atomic bombs, within which systems the BIS acts as the supreme bookkeepers, who are supposed to "settle accounts."
The most important political problems are due to the almost total DISCONNECTION between natural laws and human laws, because of the degree to which that CONNECTION is, and must be, based upon nothing else than the ability to back up lies with violence. In that context, the police and armed forces back up the banksters' frauds. Therefore, the ways that people are required to treat the fiat "money" made out of nothing as debts by private banks, as the legal tender that they must pay their taxes with, are what was BEHIND those ENFORCED FRAUDS becoming the STATE RELIGION that the vast majority of people BELIEVE IN!
The overwhelming vast majority of people have been so totally brainwashed to believe in bullshit, so much, for so long, for generation after generation, that: "Most people can't even work backwards with the answer in hand."
Just to know because of the visit on 24.09.2015 at UN, Nwe York:
Scandalous! False Prophet & Heretic Pope Francis Covers the Cross (Denying Jesus) and Bows to a Jewish Secretary (Video)http://beforeitsnews.com/alternative/2015/09/scandalous-false-prophet-he...
BIS = King of Kings of Fraud
Article appears to address one aspect of policy.
Doesn't delve into hidden agendas like controlling people and taking the money of the poor and the wealth of the Middle Class or enabling forced frauds, con games, accounting control fraud, systemic monopolies, systemic control over the government, it's agencies, the education system, the press, and the laws of the land.
Yeah, the policy is to pretend that the Central Bank can structure of the economy toward good, full-time jobs.
Yeah, the policy is for congress to do nothing each day in session but give away benefits the the wealthy lobbies.
Yeah, the policy is to give away US Technology, privatize the commons, sell our companies and assets to anyone including foreigners and foreign governments.
Yeah, the policy is to screw the workers and suppress the labor rate.
Yeah, the Press pretend that the FED has our best interest at heart and can and will fix the Economy. While the US Congress actually has all the power, except they are all on the take and actively self promoting themselves full time.
Yeah, the policy is status quo and rigged presidential elections.
- I heard Bernie Sanders doesn't have a PAC or corporate donors, and it is like a first, or a new record
Is that the BIS director list, or a U.N. voting member list?
its a lamppost list
LOL!! Several decades late and several quadrillion short.
In the current monetary system, bankers and financiers are nothing but useless overcompensated middlemen between the printer/computer where "money" is now created and the producer/consumer in the real economy.
Fuck it, time to execute the middlemen. Evolve or die fuckers!
I didn't read it. Not enough pictures. Plus looks predictable.
LAWS - No. It is up to us to evolve or die. Live by the sword, be prepared to die by it. Governments will do the mass killings including some responsible. Such is evolution. Best to get out of the way for when elephants dance, ants get trampled...
funny. i googled "list of the world's biggest assholes" and got the same result.
Central Banks are run by financial terrorists. Of course they are not safe. They need to be taken over by a military and their employees tried for treason. If found guilty they need to be handed over to Q99X2 for prosecution and possible transport back to his home planet where they wiill be properly dealt with in a manner equal to their crimes. Undoubtedly most will be launched flaming from the pyramids on a dark starry night.
Great Timing!!!! So after years upon years of these yos supporting Central Bank omnipotence now we get treated to the "Hey, I can't help this time program, don't depend on us. But of course just let me keep the past intact because I did good back then...... Find a lampost close by and some rope for all these manipulative BIS fools. We know who you are and we know where you stand, you can't simply change your spots now. Fuckers. The street is coming for YOU when the reset hits.
<jmo.?> and, whom may i dare sayeth, asked for it!
i would certainly say the fed will raise the 17th... a measely 25bps [?and/or?] in oct/15 for sure!
it's tyme to take your medicine
mortgage rates, credit rates via financials already have it baked in, it's actually no big deal... http://www.profitf.com/fomc-meeting-schedule-2015/
bombs away
No, it can just solve all the monetary needs of the Banksters.
Who voted to be dependent on a central bank?
Remember 1913, fools?
Yes, time to revoke their charter and execute some bankers.
When your proxy has served it's purpose - stamp on it's head so as to reflect blame on your local friendly CB
BIS in Basel during WOII: “The Bank must survive at any cost, I repeat: At any cost!”
Some Historical background – Must See!: Banking With Hitler http://www.youtube.com/watch?v=YauM5dHLn1s
You must know that during WOII the banks funded both parties. The Rothschild's and Rockefeller's funded Hitler and the U.S..
Allied bombers who bombed Nazi industry where even ordered to spear GM factories deep inside NAZI Germany.
The banks had meetings during WOII as if no war was going on.
Long live Cronyism!
You can not abolish it by making goverment stronger. The best you can do is weaken it by making government weaker.
How well has it worked for North Korea? The ultimate in central planning.
Maybe Yellen can strap an out of line bankster in a chair and have the US military fire an artillery round through them.
Banks have become almost impenetrable conglomerates attached to Wall Street speculative arbitrage activities and casino-type derivative bets... TBTF wants all bets covered by the FED, backed up by taxpayers. It is a parasitic system.
Economist Michael Hudson in his new book 'Killing The Host; How Financial Parasites And Debt Destroy the Global Economy' points out how "...A century ago socialists and other Progressive Era reformers advanced an evolutionary theory by which economies would achieve their maximm potential by subordinating the post-feudal rentier class - landlords and bankers - to serve industry, labor and the common weal. Reforms along these lines have been defeated by intellectual deception and often outright violence by the vested interests Pinochet-Chile-style to prevent the kind of evolution that classical free market economists hoped to see - reforms that would check financial, property and monopoly interests.
So we are brought back to the fact that in nature, parasites survive best by keeping their host alive and thriving. Acting too selfishly starves the host, putting the free luncher in danger. That is why natural selection favors more positive forms of symbiosis, with mutual gains for host and rider alike. But as the volume of savings mounts up in the form of interest-bearing debt owed by industry and agriculture, households and governments, the financial sector tends to act in an increasingly shortsighted and destructive ways. For all its positive contributions, today's high (and low) finance rarely leaves the economy enough tangible capital to reproduce, much less to feed the insatiable exponential dynamics of compound interest and predatory asset stripping.
In nature, parasites tend to kill hosts that are dying, using their substance as food for the intruder's own progeny. The economic analogy takes hold when financial managers use depreciation allowances for stock buybacks or to pay out as dividends instead of repplenishing and updating their plant and equipment. Tangible capital investment, research and development and employment are cut back to provide purely financial returns, When creditors demand austerity programs to squeeze out "what is owed," enabling their loans and investments to keep growing exponentially, they starve the industrial economy and create a demographic, political and social crisis..."
On a side note Hudson adds that, "...Michael Perlman reminds me that most biological parasites that steer their hosts along a suicidal path only do so in order to passbtheir progeny into new hosts. But today's financial parasites threaten to destroy the host economy without having any alternatives. Their short-termism also is destroying the global environment, education systems, and is dismantling infrastructure. The ensuing crash may leave financial parasites with no new worlds to colonize, destroying the host and its rider together..."
The path to self destruction comes along with carving up today's global economy in one of the greatest oligarchic takeovers in the history of civilization. Future generations will revile the memory of us...
The amazing trick the banksters use to avoid the label counterfeiting for what they do, is to only create money for an exhange of a debt obligation. The debt builds interest immediately but the money that was injected into the society never grown, so over time the difference widens, eventually allowing he banksters to put in unpayable debt loads the governments, businesses, and people of this earth.