government is a protection racket for the
big UK banks.
It seems that the banks come first, and the
other 70 million citizens a distant second.
Here's one example derived from a mistaken
email sent to a sleeping journalist. He had
no idea what the implications of it were.
It indicated almost crystal clearly that UK
banks were behind the push for the Brexit
referendum.
The email showed how they were prepared
to fend of prying questions (that's Orwell-
speak for "lying about subverting democracy").
The big beef that the UK has with the EU is
the desire to collect a mere smidgen of tax
from the banks that are robbing workers
and countries blind, as well as other corporations.
Now, the Brexit gambit may be just a way to
get the EU to back off of taxing the banks, but
I think they'll all be surprised at how much
hatred there is of the EU in the UK. It could
backfire, and the EU/ECB already have a
new centre of banking crime opening in
Ireland, NAMA. The EU could be the
Bloods to London's Crips in a banking crime
turf war.
We already know that since central banks are
almost all private enterprises that protect their
countries' banks, and are thus in charge of
private money printing, any meetings that
the Central Bank chiefs might have is likely
to be subverting democracy.
checkit: Zerohedge
Bank
Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper
Submitted
by Tyler Durden on 05/23/2015 10:30 -0400
The
first rule of “Project Bookend” is that you don’t talk about “Project Bookend.”
In
retrospect, maybe the first rule should have been “you don’t accidentally
e-mail ‘Project Bookend’ to a news agency”, because as the Guardian reports,
one of its editors opened his inbox and was surprised to find a message from
the BOE’s Head of Press Jeremy Harrison outlining the UK financial market equivalent of the Manhattan project.
Project
Bookend is a secret (or ‘was’ a secret) initiative undertaken by the BOE to
study what the fallout might be from
a potential ‘Brexit’, but if anyone asked what Sir Jon Cunliffe and a few senior
staffers were up to, they were instructed to say that they were busy
investigating “a broad range of European economic issues.”
Here’s
more from The Guardian:
Bank of England officials are secretly
researching the financial shocks that could hit Britain if there is a vote to
leave the European Union in the forthcoming referendum.
The Bank blew its cover on Friday when it
accidentally emailed details of the project – including how the bank intended to fend off any inquiries about its work –
direct to the Guardian.
According to the confidential email, the press and most staff in Threadneedle
Street must be kept in the dark about the work underway, which has been
dubbed Project Bookend…
MPs are now likely to ask whether the Bank
intended to inform parliament that a major review of Britain’s prospects
outside the EU was being undertaken by the institution that acts as the UK’s
main financial regulator. Carney is also
likely to come under pressure within the Bank to reveal whether there are other
undercover projects underway.
Officials are likely to have kept the
project under wraps to avoid entering the highly charged debate around the EU
referendum, which has jumped to the top of the political agenda since the
Conservatives secured an overall majority. Many business leaders and pro-EU
campaigners have warned that “Brexit” would hit British exports and damage the
standing of the City of London.
The email indicates that a small group of
senior staff are to examine the effect of a Brexit under the authority of Sir
Jon Cunliffe, who as deputy director for financial stability has responsibility
for monitoring the risk of another market crash.
Cunliffe also sits on the board of the City
regulator, the Prudential Regulatory Authority.
The email from Cunliffe’s private secretary
to four senior executives, was written on 21 May and forwarded by mistake to a
Guardian editor by the Bank’s head of press, Jeremy Harrison.
It says: “Jon’s proposal, which he has
asked me to highlight to you, is that no email is sent to James’s team or more
broadly around the Bank about the project.”
It continues: “James can tell his team that
he is working on a short-term project on European economics in International
[division] which will last a couple of months. This will be in-depth work on a
broad range of European economic issues. Ideally he would then say no more.”
* * *
In
sum: Mark Carney accidentally pulled a Coeure who intentionally pulled a
Yellen.
On the
bright side for Carney, it looks like he’s making big strides when it comes to
his goal of providing “greater transparency over [the BOE’s] decision-making.”
