Individualize Posted February 11, 2013 Posted February 11, 2013 As members of this forum have a strong focus on the banking cartel's market-distortions, I thought this might provide some interesting reading. The numbers in the piece are fairly incredible - and many directly from the Fed's own mouthpiece, the FSB. The Financial Stability Board (FSB) was created at the G20 summit in April 2009, the time the world financial crisis was in full swing. By the end of 2012 it issued its Global Shadow Banking Monitoring Report, assessing the information on the activities of banks and other financial bodies in 2011 (1). The global shadow banking system grew to $67 trillion, a figure comparable to the same year’s global GNP. It strikes imagination and drastically changes the whole vision of the world economy…The banking shadow dealings have been on the rise each year. The earliest assessment is dated 2002: $26 trillion. It was $62 in 2007, right before the world financial crisis. As many experts see it, the banking business going into shadow is what undermines the global financial system and creates conditions for the repetition of global financial crises. Valentin KATASONOV | 04.02.2013 | 00:00 This piece is from the Russian Propaganda outlet, "strategic-culture.org" - which I find to have interesting information and perspectives missing from the Western propaganda outlets. http://www.strategic-culture.org/news/2013/02/04/world-banking-business-shocking-data.html
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