BIS Hiding the Truth or Covering Their Exposure

QUESTION: This report from the BIS merely states what you wrote on the private blog almost a month ago about JPM. They are not pointing out the real issues that you have laid out in the report. Are they trying to create disinformation since you point out that the issue with JPM was because of their rules under Basel III?

BTW, thank you for explaining the real issues unfolding.

Pete

ANSWER: It does seem a bit disingenuous to point out that banks are unwilling to lend and prefer Treasuries without explaining fully what is behind that decision. Nevertheless, they cannot come out and report the truth when they are also in the mix. As I said before, that is not where it began. There are three phases to this. We are only in Phase II. The Mother of all Financial Crises has yet to come.

I have compiled a special report covering the Repo Crisis in detail. Click here to learn more.

Latest Posts

Market Talk – September 6, 2024

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 265.62 points or -0.72% to 36,391.47 • Shanghai decreased 22.51 points or -0.81% to 2,765.81 [...]
Read more

The Jobs Number & Russia

The U.S. economy added fewer-than-expected new jobs last month because most economists still refuse to comprehend that there is such a thing as the business cycle. Here we have the [...]
Read more

PRIVATE BLOG – Answering Your Questions

PRIVATE BLOG – Answering Your Questions Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
Read more