Quote from: TPTB_need_war on July 02, 2015, 04:12:09 AM

Quote from: TPTB_need_war on July 02, 2015, 04:10:55 AM

My thesis (even when I started this thread under my prior user name) has been that TPTB are intentionally destroying the nation-state central banks in order to make the world dependent on and clamor for one-world political sharing arrangement where the one-world institutions would provide discipline and oversight on the nations which had proven they could not manage their own affairs. But this is the classic Hegelian dialectic diversion, because we know damn well that the same power brokers who control the BIS also control the Fed and the ECB. So this is clearly creative destruction by TPTB:

http://www.telegraph.co.uk/finance/economics/11704051/The-world-is-defenseless-against-the-next-financial-crisis-warns-BIS.html

The world is defenceless against the next financial crisis, warns BIS
Monetary policymakers have run out of room to fight the next crisis with interest rates unable to go lower, the BIS warns

The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank for International Settlements has warned.
The so-called central bank of central banks launched a scatching critique of global monetary policy in its annual report. The BIS claimed that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies.
These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.
Claudio Borio, head of the organisations monetary and economic department, said: Persistent exceptionally low rates reflect the central banks and market participants response to the unusually weak post-crisis recovery as they fumble in the dark in search of new certainties.

i already posted that article here.