Tag Archives: BIS

For several years, and in particular the last 12 months, the IMF (International Monetary Fund) and the BIS (Bank for International Settlements) have been issuing warning after warning - as outlined below - that the biggest financial and social crash in history is coming. Are you listening? The warnings are all well thought out with cogent logic and are not to be ignored!

At the end of June, the BIS, or the central bank for central banks, produced its annual report, which is a must-read for investors interested in the global economy, macroeconomics, as well as gold, whose price is to a large extent shaped by macroeconomic factors. What does the report imply for the precious metals market?

When Jaime Caruana speaks, people should listen and the fact that he recently warned that the global financial system is currently "more fragile" in many ways than it was just prior to the collapse of Lehman Brothers should set off all sorts of alarm bells. Who is Jaime Caruana? Why should we pay attention to what he has to say? What more does he have to say? Why should we be concerned? Read on!

Little has been done in the past six years to restructure economies and cut debt i.e. learn the lessons of 2008. Because we’ve partially recovered from that traumatic period, that’s led to complacency. All the while, the debt that caused the bust in the first place has compounded and threatens to undo the world again. Let’s hope it doesn’t come to that.

A recent research paper* by the Bank for International Settlements, entitled "The Future of Public Debt: Prospects and Implications" paints a terrifying prospect for the inhabitants of most of the developed world with deficits spiralling out of control for every western industrialized country under study and inflation a foregone conclusion as a result. Words: 1128