Larry White Blog | Warren Coats (former IMF) And Robert Pringle (former Group Of 30) Offer Thoughts On The Brexit Vote | Talkmarkets - Page 4
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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

 

- Dr. Coats seems to be concerned that the Brexit vote may lead to headwinds for global monetary system reforms if nations take a more nationalistic view and turn away from a more global economic view. 

 

- Robert Pringle seems to view the vote as a signal that the present system policies are not working for the average person and need to be reformed. He seems to view it more as a call to action.

 

- Dr. Coats tends to emphasize the benefits he believes the existing EU system has provided over the past decades and suggests many Brexit voters may not have been aware of them.

 

- Robert Pringle tends to focus more on what he sees as the failures of the monetary polices used in recent years that he believes contributed to the Brexit vote.

 

Our interest here is to follow events like this to see if they result in some kind of major changes to the existing financial and monetary system. So far, my investigation suggests that there are a variety of ideas on how to reform the system and that major reform is more likely to take place under some kind of crisis condition because of the tendency for change to take place gradually without some kind of trigger like a crisis. Feedback I get from experts like Warren Coats and Robert Pringle also suggests to me that it may take some kind of crisis to generate interest from policy makers for serious reforms.

Both Robert Pringle and Warren Coats have ideas on how the system should be reformed. We will look at those ideas (along with some others) in a new article tomorrow. Whether the Brexit vote will lead to any kind of significant crisis situation is an unknown factor right now since the impact is likely to spread out over time.


 

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