6/26/16 by Martin Armstrong
Our
sources are saying that the central banks have come to an accord to cooperate
in an effort to support financial stability in the wake of Britain’s vote to
leave the European Union. This is akin to the Plaza accord of
1985. Central bankers urgently gathered at the Bank of International
Settlements in Switzerland to discuss the implications of the BREXIT
referendum. The central banks are endorsing a contingency of measures to
be put in place by the Bank of England. While the central banks will carefully
monitor market functioning and stability, they are clueless what to actually do
other than try to prevent currencies from swinging wildly.
The
entire crisis has come about because the EU has attempted to federalize Europe
and impose its will upon the people and suppress all efforts to resist. This is
now reaching a major crisis and the elite refuse to accept that they are simply
wrong. This crisis will merely increase. It cannot be rectified without
abandoning the entire philosophy behind the EU of one policy fits all.
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