Tag Archives: BIS

Derivatives Clearinghouse Failures Could Bring Down International Financial System

For any financial system to work, it must earn the respect and trust of its participants. This requires every financial instrument to have the integrity as to its true value and redeemability, as readily established through a mutually verifiable transparent mechanism.

Continue reading Derivatives Clearinghouse Failures Could Bring Down International Financial System

Fiat Financial System’s Assured Collapse Sans Greek Contagion

This is a pretty concise and truthful take on the current mufti-layered financial-geopolitical drama centered on the Atlantic economies, and is a very useful addition to what we already know to date.

Continue reading Fiat Financial System’s Assured Collapse Sans Greek Contagion

Bank for International Settlements (BIS) – The Vatican’s Central Bank

The monster octopus has so many tentacles. But of all these sucking arms, nothing is more secretive than the Central Bank of all central banks, the BIS that is nestled in a country with a Red Cross flag to represent it.

Continue reading Bank for International Settlements (BIS) – The Vatican’s Central Bank