Former BIS Chief Economist On Coming Crash: “Will Be Uncomfortable For People Who Think They Own Assets That Are Worth Something”

Tuesday, February 9, 2016
By Paul Martin

SilverDoctors.com
February 9, 2016

Submitted by Larry White:

Last month we ran this article which quoted former Bank for International Settlements (BIS) Chief Economist William White as saying that the global debt problem is so severe that “it will become obvious in the next recession that many of these debts will never be serviced or repaid.” If that isn’t enough coming from a former BIS Chief Economist, he added “this will be uncomfortable for a lot of people who think they own assets that are worth something.“

We try here to be non sensational in covering the issues. We try not to use hyperbole or overhype the potential for serious economic problems. In this case we have an extremely credible former key official with years experience inside the system making some very strong statements in public. In order to explore these comments more in depth, we will look at a recently released two part article on the Cobden Centre web site that is an interview with William White. We strongly encourage readers here to read Part I and Part II of this interview fully. Below are some key quotes selected from the interview. After that we will add a few comments.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter