I’m not convinced that the BIS is any more prepared for the next big financial crisis than the Fed, ECB, or BOJ are. They all barely managed the 2008 meltdown.
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I’m not convinced that the BIS is any more prepared for the next big financial crisis than the Fed, ECB, or BOJ are. They all barely managed the 2008 meltdown.
They most certainly aren’t. But they will find a way to suck money out of the people of every country they control to ameliorate the situation.