Larry White Blog | Warren Coats (former IMF) And Robert Pringle (former Group Of 30) Offer Thoughts On The Brexit Vote | Talkmarkets - Page 2
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Over 35 years experience working in oil and gas accounting with privately held oil and gas producing companies. Also have a blog that covers monetary system issues and the potential for major future monetary system change. (http://lonestarwhitehouse.blogspot.com/)  - email: ... more

Warren Coats (former IMF) And Robert Pringle (former Group Of 30) Offer Thoughts On The Brexit Vote

Date: Tuesday, June 28, 2016 1:18 PM EDT

 

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"Trade across national borders could not exist without international laws and understandings about the nature of contracts and their enforcement, the description and measure of content and statements of value (unit of account), etc. Leaving the EU does not free the UK from the need to conform to such standards if they wish to continue trading with the rest of the world."

 

. . . . .

 

"The European Union itself was always much more than an economic (free trade) project. Following WWII after centuries of devastating wars, the European project was always more about establishing the mechanisms of political cooperation that would avoid another European war. It has been stunningly successful in this endeavor, but still struggles to find the right balance in the devolution of authority and the best formulation of European wide governments for preserving peace and promoting economic well-being. An excellent discussion of these issues can be found in Dalibor Rohac’s Toward an Imperfect Union: A Conservatives Case for the EU."

 

Please click here to read the full article by Dr. Warren Coats

 

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Robert Pringle wrote an interesting article on his blog (The Money Trap) in reaction to the Brexit vote (as a side note, we appreciate the link back to this blog in the last paragraph of this article on The Money Trap blog). Below are some selected quotes from the article titled 'Brexit Shows Need for New Rules on Money' :

 

 

"The vote for Brexit is about much more than the UK and Europe. It shows that new rules to guide the process of globalization are needed.

The policies followed since the financial crisis have two major errors.

First there is a failure to diagnose the true causes of the crisis. Second, governments have failed to ensure  that all sections of society paid their fair share of the cost.

Governments and central banks saw the problem as one of lax regulation and inadequate bank capital. They tightened regulation and raised capital requirements. In other words, the system was patched up. It was all basically “business as usual”.

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