Government lackey and ex-Goldman Sachs director, Mark Carney, who was hired as Governor of the Bank of England by Chancellor Osborne has little choice but to resign.
He has badly compromised the Bank of England’s impartial status by clearly attempting to influence the outcome of the referendum through blatant pro-Remain and pro-Osborne rhetoric throughout the campaign.
The Old Lady of Threadneedle Street needs a Governor untainted by the referendum shenanigans of the last few months.
Lagarde, Brexit & Panic
It was the IMF’s Christine Lagarde’s turn today.
She says that Brexit would have “assez mauvais to très , très mauvais” consequences but was not particularly specific.
“Pretty bad to very, very bad” is once again a judgement and not a prediction….and if she wants to see “very, very bad”, she should keep a closer eye on Greece’s problems!
Make no mistake, just like Mark Carney before her, prior to issuing her predictable statement, she would have been on the phone to Chancellor Gideon or David Cameron for approval of this latest piece of the well-choreographed scaremongering pro-EU referendum jigsaw. So WHO is next to have been recruited by the ‘IN’ camp?
One suspects that either this weekend or possibly on Monday, it will be the turn of the ECB’s Mario (il Papa) Draghi to instil a bit of ‘panico’ among us gullible Brits!
It started with Obama and they’re travelling East……..
Carney in the Cameron Corner?
The (hired by Chancellor Gideon) totally impartial Governor Mark Carney of the oh-so independent Bank of England said today that if the United Kingdom left the Bruderschaft of the oh-so economically-stable #EU, the risk of leaving “could possibly include a technical recession”……….which by implication suggests that if we stay firmly wedged in Bundeskanzlerin Merkel’s ample #EU cleavage, the risk of recession will be gone! Good news !!
David Cameron then said the warning amounted to “a very clear message” of the dangers of Brexit.
Some have declared that the Governor was spouting unwarranted and unmitigated bollocks with several calling for him to be sacked.
In reply, the Governor’s spokesperson said the Bank had “a duty to make its judgments known.”
As the Bank of England has been so incisive and accurate in all of its previous economic judgments and predictions – the 2008 economic collapse, the subsequent recession and the collapse of RBS, to name but a few – I cannot think of any reason why we should not take Governor Carney’s latest prophecy (it’s NOT a prediction!) VERY seriously. 🙂