The Bank for International Settlements said there’s a risk central banks will raise interest rates and withdraw emergency liquidity too late, triggering inflation.
History shows that policy makers “have a tendency to be late, tightening financial conditions slowly for fear of doing it prematurely or too severely,” the BIS, which oversees central banks, said in its annual report published today in Basel, Switzerland. “Because their current expansionary actions were prompted by a nearly catastrophic crisis, central bankers’ fears of reversing too quickly are likely to be particularly intense, increasing the risk that they will tighten too late.”
Central banks around the globe have lowered borrowing costs to record lows and injected billions of dollars into the financial system to counter the worst recession since World War II. While some policy makers have stressed the need to withdraw the emergency measures as soon as the economy improves, the Federal Reserve, Bank of England, and European Central Bank are still in the process of implementing asset-purchase programs designed to unblock credit markets and revive growth.
“The big and justifiable worry is that, before it can be reversed, the dramatic easing in monetary policy will translate into growth in the broader monetary and credit aggregates,” the BIS said. That will “lead to inflation that feeds inflation expectations or it may fuel yet another asset-price bubble, sowing the seeds of the next financial boom-bust cycle.”
June 29th, 2009 at 10:54 am
who cares its over now
Susan Reply:
June 29th, 2009 at 9:45 pm
Some of these comments sound like propaganda that would be dropped behind the lines by the enemy.
Oh, my government didn’t take care of me – boo hoo – Its over -
Let me ask you this: what are you doing?
June 29th, 2009 at 1:20 pm
interest (usury on money) bonds (city, county, state, school, roads, highway etc.) bonded indebtedness , taxes, wars (we are still paying interest on the civil war) are the weapons used against us to keep us slaves on this prison planet congress shall coin money and regulate the value thereof
June 29th, 2009 at 1:35 pm
i agree with danny2. it is over, there is nothing we can do, at this time to stop it. let it go down. perhaps later we can re-eshtablish the Constitution. traitors are in control. all 3 branches of the government have turned against us.
Susan Reply:
June 29th, 2009 at 9:49 pm
Read about Lexington Green
http://www.newswithviews.com/Vieira/edwin194.htm
June 29th, 2009 at 5:09 pm
The warning signs have been there for a long time. Why do you think the smart money (ie: those at the top who run the system) have been selling off their remaining stocks and buying so much gold? http://www.openyoureyesnews.com/?tag=gold
June 29th, 2009 at 5:34 pm
I will never surrender. NEVER NEVER NEVER!!! I would rather live free and die. Than to submit to these insane lunatics. When will you people learn. We out number them a thousand to one. I have a cause,and that’s LIBERTY. To lay down belly up. then you deserve a cowards death.
Susan Reply:
June 29th, 2009 at 9:50 pm
Well said ! !
June 30th, 2009 at 2:57 am
Prophecies of Thomas S. Gibson, Matthew Stephen, Tom Deckard, Dumitru Duduman, E. R. Lindsey and Chuck Youngbrandt (comments by me):
Bird flu kills millions, national quarantine declared (prepare by storing 3 to 6 months supply of food per person).
(False flag) terrorist attack hits 7 cities including NYC and Washington DC.
economic collapse, dollar collapse, high unemployment, food scarcity.
Riots and civil war in USA.
(North American Union with USA, Canada and Mexico, new Amero currency, new constitution, internet/free press/travel restricted, Homeland ID card or mark of the beast Homeland ID chip without which one cannot buy or sell, Christians, patriots, ex-military suspected as terrorists and interned or killed in FEMA concentration camps without trials. See Operation BlackJack.)
2 leaders in USA, 2 leaders in Europe and 2 leaders in Middle East are assasinated.
Bush Jr shot, Obama assasinated, Sarkozy assasinated.
WW3 starts by 2010.
US supports Israel in war probably with Iran, Syria and Lebanon.
US defends South Korea in North Korean war.
US defends Taiwan in Chineese invasion.
Exactly one year before great California earthquake where everything west of San Andreas fault falls into ocean causing world-wide tsunamis three signs will occur simultaneously 1) greatest Autstralian earthquake 2) Mediterranean volcano erupts causing tidal waves and 3) mild earthquake in California cracking wall of city halls of LA and San Francisco.
Great New Madrid earthquake empties Lake Michigan into Midwest and flows into Gulf of Mexico.
37 days after New Madrid earthquake, Russian subs nuke California, NY, Florida and Las Vegas.
Russia invades US from east, China and Japan from west, and Mexico, Cuba, Nicaragua and others assist Russia/China/Japan in invasion.
70% of Americans die with earthquakes and war, USA occupied for 7 years after which USA wins back freedom with repentance of sins, godly leader, new invention and angelic help.
1/3 of humanity and 1/3 plants die from earthquakes, tsunamis and WW3.
The two witnesses, which are the church of Messiah and the man-child witness for 3.5 years in power and holiness after which the Syrian anti-christ puts them to death for not taking the mark of the beast. The two witnesses are raised to life after 3 days and many believe in Yahshua ha’Maschiach (aka Jesus Christ) because of the miracle.
Do not take mark of the beast or you will be judged by God severely and lose eternal life.
3.5 years later Yahshua returns to reign on earth as He is Lord of Lords and King of Kings
Preparation: Repent of sins and accept Yahshua ha’Maschiach as Lord and Savior, leave to places of refuge or leave America Babylon (Rev 18), store much food, medical supplies, consider buying solar panels, ham radio, water purifier, etc. and for dollar collapse consider buying physical gold, silver bullion/coins or investing in oil and food commodities BUT consider AVOIDING dollar, currencies undergoing quantative easing such as British pound, Japaneese Yen and Swiss franc, government bonds/bills, corporate bonds and stock market.
June 30th, 2009 at 6:39 am
Quote…
“I will never surrender. NEVER NEVER NEVER!!! I would rather live free and die. Than to submit to these insane lunatics. When will you people learn. We out number them a thousand to one. I have a cause,and that’s LIBERTY. To lay down belly up. then you deserve a cowards death.”
It isn’t about surrendering.
You are already dead my friend. They are just letting you and the multitudes breathe a bit longer. The brave ones will be offed first, the cowards last and their bodies used to cover the graves of the first.
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