From the Bankers' Bank in Switzerland

The only source of lasting prosperity is a productive jobs stronger supply side. It is essential to move away from borrowing and debt as the main engine of growth.

84th BIS Annual Report, 2013/2014

29 June 2014

IT FR ES DE

A new policy compass is needed to help the global economy step out of the shadow of the Great Financial Crisis. 

This will involve adjustments to the current policy mix and to policy frameworks with the aim of restoring sustainable and balanced economic growth.

The global economy has shown encouraging signs over the past year but it has not shaken off its post-crisis malaise (Chapter III). 

Despite an aggressive and broad-based search for yield, with volatility and credit spreads sinking towards historical lows (Chapter II), and unusually accommodative monetary conditions (Chapter V), investment remains weak. 

Debt, both private and public, continues to rise while productivity growth has extended further its long-term downward trend (Chapters III and IV). 

There is even talk of secular stagnation. Some banks have rebuilt capital and adjusted their business models, while others have more work to do (Chapter VI).

To return to sustainable and balanced growth, policies need to go beyond their traditional focus on the business cycle and take a longer-term perspective - one in which the financial cycle takes centre stage (Chapter I).

They need to address head-on the structural deficiencies and resource misallocations masked by strong financial booms and revealed only in the subsequent busts.

The only source of lasting prosperity is a stronger supply side. It is essential to move away from debt as the main engine of growth.

http://www.bis.org/publ/arpdf/ar2014e.htm

Here's what We The People can do here now:

2014: It's time to work to elect Constitutional Independent Representatives not funded by special interests.

Regards,

Richard <Ricardo Carlos> Charles 

Now voters may better appreciate why we are taking 
on the responsibility of the Nevada Libertarian Party 
nominated Common Sense Fresh Start Politics of 
Prosperity Constitutional Campaign for 
US Representative in Las Vegas District 1.  

Join the campaign for Constitutional Government with more Justice, Life, Liberty, Peace and Prosperity for All.

Compra Los Documentos Fundadores EstadoUnidenses 

en el Espanol, aqui':

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http://www.amazon.com/dp/B00IX3Q5I2 

  

Get the campaign paperback here:   

http://www.amazon.com/Project-Fresh-Start-Politics-Prosperity/dp/149213452X

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http://nvsos.gov/index.aspx?page=703

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