'Perfect storm': Global financial system showing danger signs, says senior OECD economist

I've been ringing the alarm bells for years about the compounding debt trap that central banks have boxed themselves into.  Now a central banker is echoing those same concerns.

https://www.brisbanetimes.com.au/business/the-economy/perfect-storm-global-financial-system-showing-danger-signs-says-senior-oecd-economist-20180123-p4yyr2.html

Central banks are now caught in a "debt trap". They cannot hold rates near zero as inflation pressures build, but they cannot easily raise rates either because it risks blowing up the system. "It is frankly scary," said Prof White.

Outspoken speech of BIS official William R White (2005): The fifth objective of Central Bank cooperation is to influence the price of gold

This is not a conspiracy theory. The financial elites don't always operate in the dark. Sometimes they explicitly describe what they do. The deniers are willfully blind.

http://moneyinsights.org/2015/11/29/clearly-speech-of-bis-official-william-r-white-2005-the-fifth-objective-of-central-bank-cooperation-is-to-influence-the-price-of-gold/

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.”

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