Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific	9/3/2009 9:47:22 AM
	2 Recommendations Read Replies (3) of 116555

BIS is Basel and me thinks many Central Banks are should we say FED up with the FED... --- The BIS (Bank for International Settlements) is a closed organization owned by the 55 central banks. The heads of these central banks travel to the Basel headquarters once every two months, and the General Meeting, the BIS’s supreme executive body, takes place once a year. bis.org --- Watch for clues like HK moving its gold, few understand the battle is via this organization and the FED to change the current reserve system. Or China buying 50B IMF related notes... Or whats going on with Swiss; since they are located there; is that a coincidence? UBS and related banks. Will continue to update on this and the new Basel III accords in the works. Cause this really is what it is all about! The American Banks blew it by creating all that triple A rated paper and selling it to the world... Or Obama creating 2T of new debt... It is a big planet folks; the problem is too few get this fact! We had it made and blew it bigtime; your think there is no price to be paid; does not work like that in life. I am sure this all ends in war!!! West

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