The Bank for International Settlements (BIS) is an organization that is shrouded in mystery, mainly due to the fact that the majority of people don’t even know of its existence.
- “And the Billionaires Are Laughing Somewhere in America”
- Is Turkey Collaborating with The Islamic State (ISIS)?
- The Downed Russian SU-24. Turkey Is Lying: “NATO Governments Lie Every Time They Open Their Mouths”
- Why’s The US Hanging Turkey Out To Dry?
- Why We’re Sliding Towards World War
- Russian Warplane Down: NATO’s Act of War
The BRICS Development Bank (NDB) & its Contingency Reserve Arrangement (CRA) are dollar denominated entities. Unless they are coupled with a multi-currency system of trade & credit, they do not threaten dollar hegemony.
One of the many flaws of the economics discipline is its static or ahistorical character, that is, a grave absence of a historical perspective.
Financial markets are rigged by the megabanks. Powerful financial institutions including JP Morgan Chase, HSBC, Goldman Sachs, Citigroup, et al and their affiliated hedge funds have the ability of “pushing up” the stock market and then “pulling it down”.