Yellen is on the BIS’ Board of Directors. BIS warning is a CYA for what’s about to happen. Central bankers don’t want to get lynched for their concerted effort to overthrow the dollar as the world’s reserve currency as a means to consign the United States to Third World status.
Note that the BIS is filled with socialists and follows the lead of a ChiCom who has stated he wants to kill the dollar. Only two Americans on the Board if you count Yellen. And she’s a bloody Marxist.
Do people think what is going on is just an accident?