This Beggars Belief! BIS Slapped Daily?

commentary by Roger Erickson

St. Louis Fed ‏@stlouisfed
Economists examine whether developing countries with greater credit constraints get more foreign aid.

Ya think? That's why banking cartels constrain credit in the first place!!! To arrange loans, denominated in foreign currencies, to benefit investors in foreign countries. May not be rocket science, but it's quite obvious Racket Science.  Just follow the recorded communications of bank lobbies, from 1776 to 1860 to 1933 to the Rubinesque misinformation of today.

Have even CBs and the BIS become blind to their own Control Frauds? Doesn't matter if the self fraud is innocent or malicious. Is maladaptive institutional momentum out of control?

Only beggars still believe the BIS?

Why is Liquidity Coverage Ratio only about bank liquidity, not Real-Economy Liquidity?

commentary by Roger Erickson

Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools

This is almost comical! The top can't see the bottom-up for all the middlemen?
The root causes of many canopy problems are always hidden underground?

This boils down to simple collusion between international merchant lobbies. Instead of a bevy of confusing suggestions, I have only one. "No." Just one syllable.  Instead of bank liquidity, how about some more lower class liquidity among the 99%?

Warren Mosler had a suggestion better than what the BIS provides.

"Global banking rules make no sense at all to me.

Each CB need[s] only mind the banks [that] it insures.

But until that’s understood we have to suffer through this nonsense."

Oh I think it's understood.  Yet understanding doesn't matter until there's adequate alignment among all those who understand what, and why, and who care.

Is BIS slap an acknowledged economic term?  Have we all just been BIS slapped again?