According to the Bank of International Settlements (BIS), the shadowy "central bank of central banks," the world as it stands is incapable of combating another global financial crash - a crash that there is every reason to think is coming.
That's because the economy remains in the hands of the Federal Reserve and other central banks.
The financial wizards in this below video went so far to say that,
It wasn't exactly hyperbole.
According to the BIS, central banks have already "used up their ammunition" by,
Now, everything is basically teetering on the edge until the music stops.
According to the BIS, it will soon be time to pay the piper - as "persistent ultra-low rates" are poised to unleash destruction upon the economy like King Kong set loose on Manhattan:
And worse, the advanced countries will be unable to fight back against the serious consequences, according to their 2015 annual report:
In past years, the BIS has painted a clear picture of the bleak financial landscape brought on by central bank policy since the 2008 crisis.
It warned in 2013 that:
In 2014, it found that central banks have failed to achieve a recovery, and are incapable of doing so:
Given the unique insider position of the Bank of International Settlements (BIS) in the global financial power structure, these are foreboding words to be met with mature concern.
This is a tacit admission that the powers that be know the next big crisis is around the corner, and they are ready to watch us drown in it - this time, without reaching down to offer us up.