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Unusual Central Bank Criticism Isn’t Good for Solvency or the Economy

from The Daily Bell:

Central Banks Worry About Engaging World Markets After ‘Brexit’ … As global markets reel after an establishment-rattling vote by Britain to sever ties with Europe, investors are again expecting central banks to ride to the rescue. And that may be the problem.- New York Times

Yesterday, we wrote about a new dominant social theme emerging as a result of Brexit.

The propaganda seemed to be resolving itself into Globalism vs. Populism.

Brexit supporters were being characterized as populists. “Remainers” were in the globalist camp.

In this New York Times article, we can see this theme repeated clearly.

Globalist central bankers want to do the right thing, we read. But they are holding back because of the emotion of the crowd. The populists, in other words, are standing in the way of the globalist saviors.

Here:

Investors and economists … worry that another round of central bank intervention in the markets will compound the sense of alienation, frustration and anger at global elites that encouraged a majority of Britons to opt for leaving the European Union. 

Interestingly, there is a secondary theme emerging as well. It seems – and we have suggested this before – that some globalist enterprises are more equal than others.

Read More @ TheDailyBell.com

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