The Phaserl


Central Bankers Use Brexit to Argue for Increasing Financial Centralization

from The Daily Bell:

Kiss Your Domestic Bias Goodbye, Central Bankers of the World … In a globalized world, managing domestic economic conditions requires having one eye focused abroad. For evidence, look no farther than the global monetary policy fallout from Britain’s June 23 vote to leave the European Union. – Bloomberg

Brexit reverberations continue to generate calls for more central banking coordination.

Just yesterday, we wrote about Mario Draghi’s demand for more centralization, HERE, and now we seen a Bloomberg article on the same subject.


A Federal Reserve official said U.S. monetary policy needs to take global events into account.

The examples all point in one direction: If you’re a central banker concerned with your own nation’s economy, you can’t afford to ignore the international context.

The article quotes Robert Kaplan, president of the Dallas Fed as saying in a Thursday interview, “… In order to serve the United States, we’ve got to be aware of, and up-to-date on, financial and economic conditions globally.”

Kaplan also said that globalization had tied together the fate of major economies and that the tumultuous market-fallout regarding Brexit was another sign of the necessity for this increased coordination.

“Is there contagion? What does Ireland do? What does Scotland do? What do other EU countries do?” Kaplan said. “It will take a significant amount of time to see how all that unfolds.”

The article makes it clear that Draghi’s comments on Tuesday were not casual ones.

Brexit is obviously being used as justification for more overt centralization. And this seems to include more coordination with governments as well.

Ultimately, the arguments point towards all sorts of financial consolidation sooner or later, including a worldwide central bank and a consolidated currency.

More overt coordination of monetary policy worldwide will also lead to increased volatility and market swings. This is the opposite of what central banks would argue will happen but historically speaking increased centralization always creates market difficulties.

Our perspective has always been that these difficulties are intended to take place because each market crisis allows participants to call for more centralization, which is the ultimate goal of central bankers and officials at the Bank for International Settlements.

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4 comments to Central Bankers Use Brexit to Argue for Increasing Financial Centralization

  • anon

    Is anyone surprised by this? (And, IF SO, WHY?!)

    From 2010 (6 years ago):

    Bankers Destroy Global Economy by Design to Consolidate Power

    • anon

      CONSOLIDATION OF FINANCIAL POWER is at the root of the AGENDA of the W.I.C.B. (Western Int’l Central Bankers) in their push to create, and THEN FINANCE AND CONTROL A ONE-WORLD GOVERNMENT, and then, no doubt, depopulate the Earth. Those are their two, stated, primary goals. 1) GLOBALIZED DEBT-ENSLAVEMENT of every man, woman, and child on the entire planet, and 2) GLOBAL DEPOPULATION. The Western “elites” have stated as much in their own words. The way that they get TOTAL CONTROL, is by creating the one-world government, which they alone finance and control.

  • anon

    DE-CENTRALIZATION OF ECONOMIC POWER is the answer, globally. THAT is the solution to the “collectivist” problem we are currently facing as Humanity. (imho)

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