Keep an eye on the shadow banking system – it is about to be shaken to the core. By Michael Snyder According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has approximately tripled in size since 2002. In the U.S. alone, the … Continue reading
Originally posted on EbolaInfo:
All 5 BRICS nations central Banks are members BIS (Bank for International Settlements) B – Brazil Central Bank of Brazil R – Russia Central Bank of the Russian Federation I – India Reserve Bank of India http://en.wikipedia.org/wiki/Reserve_Bank_of_India C – China People’s Bank of China S – South Africa South African Reserve…
After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction. And you know what? He is exactly right. The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a … Continue reading
By Michael Snyder Central banking has truly taken over the entire planet. At this point, the only major nation on the globe that does not have a central bank is North Korea. Yes, there are some small island countries such as the Federated States of Micronesia that do not have a central bank, but even … Continue reading
Every great con game eventually comes to an end. By Michael Snyder For years, global central banks have been manipulating the financial marketplace with their monetary voodoo. Somehow, they have convinced investors around the world to invest tens of trillions of dollars into bonds that provide a return that is way under the real rate … Continue reading