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London Bankers Plot Bailout Under New Prime Minister: “Monetary Response to Brexit Shock”

by Mac Slavo, SHTFPlan:

It seems that it is payday for the banksters.

As a new bailout is being prepared by the Bank of England, there are questions about what, if any, actions will actually be taken to leave the European Union under the new prime minister, who actually campaigned for ‘Remain’ but has so far appointed pro-Brexit cabinet members.

The new Prime Minister in the UK, Theresa May has announced that she will not pursue Article 50 proceedings to leave the EU anytime during 2016, setting the stage for putting off the split that the referendum called for.

According to the London Guardian:

Theresa May will not trigger article 50 of the Lisbon treaty initiating the UK’s departure from the European Union before the end of 2016, the high court has been told.

At the opening of the first legal challenge to the process of Brexit, government lawyers conceded that the politically sensitive case was likely to be appealed up to the supreme court.

At least seven private actions – arguing that only parliament and not the prime minister has the authority to invoke article 50 – have been identified to the court.

[…]

“Notification [triggering] article 50 will not occur before the end of 2016,” Coppel told the court. Should anything change, he promised, the court would be given advance notice.

Meanwhile, Prime Minister May, herself a former employee of the Bank of England and is married to a banker, is putting up a very friendly administration towards the big banks, who are once again under threat.

Read More @ SHTFPlan.com

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1 comment to London Bankers Plot Bailout Under New Prime Minister: “Monetary Response to Brexit Shock”

  • Ed_B

    Considering the vast number of BrExit economic and financial ramifications, it is quite a complex situation. Just imagine a divorce trial wherein hundreds of billions of dollars, thousands of contracts, and many thousands of laws, rules, and regulations are in flux and one can easily see that this is something that will require years of negotiations to resolve. If all this is worked out in less than 5 years, I will be stunned.

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