Contributed by Phil T. Looker
Few outside the financial community will have heard of the bank Of International Settlements perhaps, it is the organisation in which governments and international banking organisations settle their obligations to each other. as such, the BIS is a major player in fixing rates, making sure markets are rigged and generally managing the financial jiggery pokery involved in making sure the status quo is preserved.
So when the BIS, the exclusive club of bankers and billionaires that fixes the markets starts to worry about the markets being broken you know we are in big trouble.
This article fom Zero Hedge explains just how big and how far in we are: