UK Central Bank Governor Says UK Is Preparing For The Global Financial System Reset

UK Central Bank Governor Says UK Is Preparing For The Global Financial System Reset, by Paul Eberhart.

Yesterday, Bank of England Governor Mark Carney gave a speech, and it was basically all about the coming reset. …It’s a very long, super boring speech, but I’ve read between the lines, and I want to show you some of the things he has said …

To me, it speaks to the end of the dollar dominated world and the coming reset and re-ordering of the global monetary system …

Here’s some of the things he said in no particular order … :

  • The Bank recognizes that a new economy, a new world and new demographics demand a new financial system.
  • While we prepare for great change, we will be guided by one constant: our mission to promote the good of the people we all serve.
  • This infrastructure must be overhauled now that the economy is on the cusp of the fourth industrial revolution and our demographic challenges are intensifying. And rebalancing of the global order is proving as dramatic as it was in Montagu Norman’s time.
  • Such profound changes demand a new finance.
  • We now have a balance sheet fit for a new world order with greater reliance on markets in a wider range of reserve currencies. …

The speech reeks with a sense of urgency.