The BIS Just Called BS On Yellen, Powell, Lagarde, and More. We Printed Too Much Money

“It’s now clear that the fiscal and monetary policy support was too large, too broad-based and too long-lasting,” said Agustin Carstens, CEO of the Bank for International Settlements. No kidding!

Monday, June 26, 2023

Dear Fellow Expat,

Finally…

FINALLY…

We received confirmation of what we already knew.

The Bank for International Sentiments has blown the narrative of Treasury Secretary Janet Yellen and Fed Chair Jerome Powell.

Since 2021, both have lied about inflation. They called it “transitory.” They misled mom-and-pop investors, decimated 401ks, and fueled bouts of volatility.

On Sunday night, Agustin Carstens, BIS general manager, released the institution's annual report – and told the truth about the global economy.

He said central banks and politicians printed too much money.

They gave away too much money…

And they borrowed too much money.

“It’s now clear that the fiscal and monetary policy support was too large, too broad-based and too long-lasting,” said Carstens.

Well, no kidding.

The statement comes from a series of OBVIOUS factors that I’ve been discussing for at least 20 months. Here are the key things you need to know from the BIS's recent insight.

1. The global economy is under…