WHY the banking system getting off scott free when everyone knows they engineered this economic mess worldwide?

Again can you provide any tangible proof that your assertion is plausable and valid...

I hate to break this to you, but the Zurich "Gnomes" got hosed in this financial crisis just as badly as other "savvy" bankers. With the Swiss, it just went the other way.

As the US and European governments opened the vault doors and printed money as if it was confetti to prop up the banks, there sat Switzerland, all smug and proud of it's gold based currency. Everyone saw the Swiss Franc as a safe haven, and traded in their questionable dollars and euros for the stable franc.

But because the Swiss Franc is still based on the gold standard, the Swiss cannot just print more bills. With the demand for francs exceeding the supply, in a very short time the value of the franc compared to the dollar and the euro went through the roof, and Switzerland found itself in a very uncomfortable position. Other countries would no longer buy Swiss goods. They were just too expensive.

In a manner of days, Switzerland saw it's foreign exchange drop like a rock, and faced the unexpected situation that a huge percentage of their nation was going to be out of work, because they could not sell their products.

So the Swiss government took action. They devalued the currency.

A lot of money went down the drain in that one stroke of the pen, and the bankers bore the brunt of it. Caught by surprise, one trader lost over a billion euros of UBS's (United Bank of Switzerland) and created a huge stink, that ended with the CEO resigning and the Swiss government chewing the banks out and adding regulations right and left.

If the Swiss had the plan you state, it was a huge flop.

The BIS group is just one of so many financial think tanks that come up with ideas.

They did not orchestrate the world banking crisis, that happened because of greed and lack of caution in many financial institutions throughout the world.

They were gambling simply phenomenal sums of money on the premise that house prices in the US would always rise, so that the sub-prime mortgage system could continue unabated.

Even a child knows that such a premise is a pipe dream !

House prices CANNOT always rise without causing an adverse effect, whereby the cheapest of houses at some time becomes unaffordable ! When this point is reached then the whole system collapses, this is called Boom and Bust !

The Bust in this case caused nearly $5 trillion dollars worth of bad debt worldwide, because the crash itself caused house prices to tumble in the US, which compounded the misery.

The sub-prime system was nothing more that a deviation of a pyramid scheme or "Ponzi", as you call it in the states. Instead of new invested money paying off high dividends, it was the promised rise in house prices which drove this, they were gambling on equity.

BIS had nothing to do with this !

REALLY????...by a bank in Switzerland???.....apparently the measure has backfired at the Euro Zone because the financial problems there are even bigger......

Your premise is false. It wasn't engineered, and the banks aren't getting off "scot-free" (regardless of how you spell it.