Dennis Gartman dons tinfoil hat: BIS trying to keep gold down

http://www.gata.org/node/17654

BIS warns of Great Depression dangers from credit spree

Some global elites DID give advanced warning prior to the 2008 financial crisis.


http://www.telegraph.co.uk/finance/economics/2811081/BIS-warns-of-Great-Depression-dangers-from-credit-spree.html

BIS Intervenes In The Gold Market To Aid Battered Gold Shorts!

FYI, the Bank for International Settlements (BIS) is the central bank of central banks.  They pretty much dictate central bank policies around the globe, including the ECB (European), BOE (England), BOJ (Japan), Bundesbank (Germany), PBOC (China), and the Fed (United States).  They've been known to intervene in gold markets in order to "manage" the price down.

http://kingworldnews.com/alert-bis-intervened-in-the-gold-market-to-assist-battered-gold-shorts/

The BIS Is Trying To Hide A Terrifying Nightmare That Is Going To Send The World Into A Full-Blown Panic

http://kingworldnews.com/the-bis-is-trying-to-hide-the-terrifying-nightmare-that-is-going-to-collapse-the-global-financial-system/

"Of What Use Is A Gun With No Bullets?", BIS Says Central Banks Defenseless Against Coming Crisis

Most people in the know, know that the BIS is the central bank of central banks, including the Fed, Bank of England, Bank of Japan, European Central Bank, etc.  So when they push the panic button, it's time to sit up and notice.

http://www.zerohedge.com/news/2015-06-29/what-use-gun-no-bullets-bis-says-central-banks-defenseless-against-coming-crisis

What Happens When You Hand Over Your Gold To The Bank Of England For "Safekeeping"

http://www.zerohedge.com/news/2015-05-01/what-happens-when-you-hand-over-your-gold-bank-england-safekeeping

Central bank prophet fears QE warfare pushing world financial system out of control

http://www.telegraph.co.uk/finance/economics/11358316/Central-bank-prophet-fears-QE-warfare-pushing-world-financial-system-out-of-control.html

“We are in a world that is dangerously unanchored,” said William White, the Swiss-based chairman of the OECD’s Review Committee. “We’re seeing true currency wars and everybody is doing it, and I have no idea where this is going to end.”

Maguire: Desperate BIS & Fed Wage War On Gold As China Buys

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/31_Maguire__Desperate_BIS_%26_Fed_Wage_War_On_Gold_As_China_Buys.html

LBMA Collapse To Expose US, Europe & BIS Gold Is Gone

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/2_LBMA_Collapse_To_Expose_US%2C_Europe_%26_BIS_Gold_Is_Gone.html

Five Years After Lehman, BIS Ex-Chief Economist Warns "It's Worse This Time"

http://www.zerohedge.com/news/2013-09-15/five-years-after-lehman-bis-ex-chief-economist-warns-its-worse-time

BIS veteran says global credit excess worse than pre-Lehman

http://www.telegraph.co.uk/finance/10310598/BIS-veteran-says-global-credit-excess-worse-than-pre-Lehman.html

“This looks like to me like 2007 all over again, but even worse,” said William White, the BIS’s former chief economist, famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008.

“All the previous imbalances are still there. Total public and private debt levels are 30pc higher as a share of GDP in the advanced economies than they were then, and we have added a whole new problem with bubbles in emerging markets that are ending in a boom-bust cycle,” said Mr White, now chairman of the OECD’s Economic Development and Review Committee.

The BIS enjoys great authority. It was the only major global body that clearly foresaw the global banking crisis, calling early for a change of policy at a time when others were being swept along by the euphoria of the era.

Mr White said the five years since Lehman have largely been wasted, leaving a global system that is even more unbalanced, and may be running out of lifelines. “The ultimate driver for the whole world is the US interest rate and as this goes up there will be fall-out for everybody. The trigger could be Fed tapering but there are a lot of things that can go wrong. I very am worried that Abenomics could go awry in Japan, and Europe remains exceedingly vulnerable to outside shocks.”

Mr White said the world has become addicted to easy money, with rates falling ever lower with each cycle and each crisis. There is little ammunition left if the system buckles again. “I don’t know what they will do: Abenomics for the world I suppose, but this is the last refuge of the scoundrel,” he said.

BIS FX/Gold "Intervention" Profiles - Before And After

Nah, gold is NOT a currency and there's no way the gold markets are manipulated--right?  Ooops, I guess gold IS a currency, and it IS "intervened" by the BIS, the central bank of central banks.

The Emperor has no clothes and IT is slowly being de-robed.

http://www.zerohedge.com/news/bis-fxgold-intervention-profiles-and-after

Bankers, bankers uber alles, uber alles in der welt

http://www.gata.org/node/12860

Bondholders would lose more than $1 trillion if yields spike - BIS

I have always stated and agree with the current BIS thesis that debts do matter.  It's constructive that the BIS is finally coming around to that conclusion.  But what's more significant is the relationships of the powers-that-be are starting to fray at the edges.  The Bank for International Settlements is the central bank of central banks, so this showdown of austerity vs. growth will no doubt intensify.  My bet is on the "pro-growth" sycophants winning, because governments will choose the politically expedient path of more debt and more spending.

http://uk.reuters.com/article/2013/06/23/uk-economy-global-bis-idUKBRE95M08020130623

I Don’t Get It

http://blog.milesfranklin.com/i-dont-get-it

Derivatives Growth June 1998 - December 2007

How did the notional value of derivatives magically get cut in half after the financial crisis of 2008?

http://www.jsmineset.com/wp-content/uploads/2013/04/Copy-of-derivativesgraph2.jpg

Whistleblower - Gold & Silver Smash Orchestrated By The BIS

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/22_Whistleblower_-_Gold_%26_Silver_Smash_Orchestrated_By_The_BIS.html

World risks fresh credit bubble, Switzerland's BIS warns

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9733547/World-risks-fresh-credit-bubble-Switzerlands-BIS-warns.html

Gold: Solution to the Banking Crisis

http://www.sprottglobal.com/markets-at-a-glance/maag-article/?id=7024

While Banks Crumble, The Next Leg Up For Gold Prices Draws Near

I blogged about the BIS reconsidering gold's status as a Tier 1 asset earlier.  Here's another take.

http://www.marketoracle.co.uk/Article35347.html