Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history'

A key Bank of England policymaker has warned of the risks to global financial stability when "the biggest bond bubble in history" bursts.

In a wide-ranging testimony to MPs, Andy Haldane, Bank of England director of financial stability, admitted the central bank's new financial policy committee is taking too long to force banks to hold more capital and appeared to criticise the bank's culture under outgoing governor Sir Mervyn King.Haldane told the Treasury select committee that the bursting of the bond bubble – created by central banks forcing down bond yields by pumping electronic money into the economy – was a risk "I feel acutely right now".

He also said banks have now put the threat of cyber attacks on the top of their the worry-list, replacing the long-running eurozone crisis.

"You can see why the financial sector would be a particularly good target for someone wanting to wreak havoc through the cyber route," Haldane said.

But he described bond markets as the main risk to financial stability. "If I were to single out what for me would be biggest risk to global financial stability right now it would be a disorderly reversion in the yields of government bonds globally." he said. There had been "shades of that" in recent weeks as government bond yields have edged higher amid talk that central banks, particularly the US Federal Reserve, will start to reduce its stimulus.
... [link to www.businessinsider.com]

like dangling a carrot in front of the horse

I was thinking dancing fucking monkey!

What does this mean it sounds kinda important!

:mcfly7:

The credit markets have been making very strange moves lately, volatility in a market that hates volatility. I think it's people re-allocating their portfolio's to adjust their strategy for the next phase...

Because when the bond market goes, the derivative market goes, and that's when the fireworks will really begin.

[link to www.goldmadesimplenews.com]

Soooo - just how are they going to marry this with their 'price stability' mandate... oh, that's right - THEY CAN'T.... fuckers

Oh, nothing, nothing to see here at all.

KEEP INVESTING

If you don't use your money it will be lost in savings and inflation.

But seriously this does not sound to good!
What exactly would this effect?

it means to buy GOLD and SILVER

Seems like this temp fix is going to be the downfall of every economy.

Max Keiser has been saying this ad infinitum

well that would be perfection.blame the collapse of the bond market on terrorism.
better buy food.farmland.precious metals.

""
like dangling a carrot in front of the horse
""

I think it's more like dangling a Doughnut in front of Homer Simpson?

Let it crash and burn already. This World is done and I am glad.

This is like how they sold most of their gold cheap.

The Treasury achieved an average price of just $275.60 an ounce for 395 tonnes of gold between 1999 and 2002.

Brown defied Bank of England warning over his £6bn gold giveaway.
[link to www.dailymail.co.uk]


Is this Payback?

Great question. it 'blew up' LIBOR scandal, and next layer of the onion is here:

[link to rt.com]
(Please watch the very explanatory video!)

And by "following the money", it will lead to the Bank of England (of Rothchild) and the Vatican bank...

As the word "intentionally" is used, quite possibly. When I first read this I was wondering why they would intentionally do this, this sounds like at least one reason. I'm wondering if there are also others.

Let's see...

1. Most every nation works via debt monetary policies.

2. Thus... everything is debt.

3. Thus bonds are debt promising to pay debt.


I dunno... i think this is so simple a 5th grader can get it...

Last Edited by The Wordsmith on 06/13/2013 03:26 PM

MORE SCARE MONGERERS NOTHIN WILL HAPPEN