It is crooked as a dog's hind leg. For example, if I pay too much for a bond it will help you revalue all your bonds to keep your books looking like everything is fine. However, I only do this if you in return buy my bond paying too much so my books also look fine. It is a world full of liars. The rating agencies know it is a lie, but they also will rubber stamp this so that they can later get cushy jobs. The problem with a lie is like knowing you have termites eating away the house but pretending you don't.I though everyone knew that this was standard practice for western CB's. Seriously.....its old OLD news.....
If the world was united behind this lie perhaps they could get by with it. But obviously 40% of the world's economies have formed BRICS and in the Satanic system there are winners and losers, a few elites are the winners, everyone else is a useful idiot. As the "idiots" wise up and realize they have a choice, they will flee the corrupt house of cards.
$1.5 trillion left the banks again this week to move into money markets.
The West's banking system is like a boxer who is out on his feet. The ref should already stop this fight, but I suspect the BRICS alliance is planning a massive knockout blow.