The World's Central Bankers Are Gathering At The BIS' Basel Tower Ahead Of The Brexit Result

Tyler Durden's picture

What happens on the 18th floor of the main tower at Centralbahnplatz 2 in Basel, stays on the 18th floor of the main tower at Centralbahnplatz 2.

That's because this is where every other month the world's central bankers meet in complete secrecy - no minutes are ever kept - to discuss the global economy completely unfettered of any concerns of accountability, and decide on what monetary policies they will implement to shape its future (those unfamiliar with the peculiar BIS rituals, are urged to read "Meet The Secretive Group That Runs The World").

This is also where we learn that many, if not all, of the world's central bankers will be tomorrow when the results of the Brexit referendum are announced.

As Bloomberg reports, BOJ Governor Haruhiko Kuroda will be in Switzerland as the results are announced of the U.K.’s June 23 vote on whether to remain in the European Union.

He won't be alone: Kuroda will be traveling from June 23 to June 28 to attend meetings of the Bank for International Settlements, where other central bankers also will gather, the BOJ said Wednesday.

Bloomberg notes that given the travel time between Europe and Japan, Kuroda would be unable to chair an emergency meeting if the central bank decides to hold one Friday Tokyo time in the event the U.K. votes to leave the EU.

“This raises the likelihood of the BOJ not taking drastic measures right after the results come out,” said Daiju Aoki, an economist at UBS Group AG in Tokyo. “Kuroda probably sees the benefit of being with other central bankers where they could talk about coordinated action.”

 

In a press conference June 16, Kuroda declined to comment about whether he’d convene an emergency meeting after the Brexit vote and said the central bank was in touch with counterparts including the Bank of England amid Brexit concerns he said had had an impact in the bond market.

 

The BOJ can hold an emergency meeting without the governor, according to the bank’s rules. In May 2010, then-Deputy Governor Hirohide Yamaguchi led an emergency gathering in the absence of Governor Masaaki Shirakawa, who was traveling in Europe.

While we are confident that the BOJ will be able to come up with the required quorum and webconference to conduct an emergency meeting even with Kuroda half way around the globe to implement more ridiculous monetary policy as needed, more to the point is that Kuroda will be joined by the rest of his central bank peers at the holiest of holies for central bankers, the BIS headquarters. The good news, if the unprecedented happens and Leave does win, at least it will be very easy for the world's central bankers to unveil a coordinated, global response to "stabilize markets", as the ECB's Mario Draghi warned.

As some have suggested - BofA notably - that may be the ultimately goal, with Brexit as a pretext for central banks to completely take over all asset prices.

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hedgeless_horseman's picture

 

Just one well placed giant steel-clad lunar rock, please Mike!

Cognitive Dissonance's picture

Nah, there's no conspiracy. Not in the least.

hedgeless_horseman's picture

 

If they let the Brits out, the next thing you know, those Loonies will want freedom and independence, too.

knukles's picture

Why are they even bothering to meet?
Seriously.
Come on, FFS.

The Brits can vote all they want but to leave demands action by Parliament. 
Y'all don't think MP's ain't owned by the Establishment, do ya now?
So a big show of Sound and Lights and nothing changes.
City gonna get reamed?
No?
LMBA gonna get reamed?
No?
Nothing changes.

WTFRLY's picture

JOOMANJI

Young Sarah: [reads] "At night they fly, you better run / These winged things are not much fun."

[Sarah and Alan look at each other in confusion until they hear bats echoing in the fireplace]

Young Sarah: What was that?

Alan Parrish, 1969: I - I don't know.

Young Sarah: [fearfully] Put it away, Alan! 

Tarzan's picture

What better place to meet, then the boot on the neck of the world...

jefferson32's picture

Either the NO wins and it's a non-event, or the YES wins and TPTB blame it for the collapse. Either way it's been rigged that way. I choose option 2, I've had enough of this crap.

Bay of Pigs's picture

The William Dudley has it all covered.

Atomizer's picture

Always start from the bottom of government curruption and knock out the distribution chain-link. Work your way up the channel. 

That's what is happening in the Philippines on a unrelated drug cartel approach. 

Winks. 

stilletto's picture

C'mon knuckles  -its the 5star hotel and prostitutes that this excuse for a holiday gives them! Then when they finish their $1000 taxpayers expense meals they can issue a statement saying they've saved the world (from their own corrupt meddling) and go back to the craps table before ordering another roomservice massage!

nibiru's picture

I'm glad that we finally talking about central bank of central banks. 

 

Because all this smoke and mirrors about NIRP here ZIRP there was getting out of hand. Maybe new currency in case of perfect storm?

http://independenttrader.org/the-imf-and-the-post-dollar-world.html

Kirk2NCC1701's picture

If you want to know the extent of the Banksters' collusion/conspiracy, find out which CBs are NOT there.

E.g. Are the Russian and Chinese (BRICS) CBs there?

GUS100CORRINA's picture

For anyone who has read the Bible, doesn't this picture look like the "TOWER OF BABEL"?

And we know the outcome of that whole episode, don't we. It didn't end well for mankind!!!

buy polar's picture

Is that a "The Moon is a Harsh Mistress" reference?

 

Haven't encountered many familiar with that one but I'd love to see some of his ideas of how to make a government incorporated into our next one if this 4yh turning stuff ever plays out.

BandGap's picture

Why would they do this is Brexit wasn't going to happen?

ironicmerman's picture
ironicmerman (not verified) Jun 22, 2016 11:17 AM

They're fixing Euro 2016 match outcomes.  They don't care about breakfast.

brada1013567's picture

Quick call in the bombers!

cheech_wizard's picture

OR - Send in the drones...

Either is an acceptable solution.

 

Implied Violins's picture

I'd rather see a 'Rod from God', personally. Nuke 'em from orbit...

An aside: anyone else having trouble posting on ZH? I have completely lost the ability to access the internet from home, and now almost every time I try to post from work, it doesn't go through. If this one does, then it's the first one all day...

sleigher's picture

They block ZH at my job.  The only news site that is blocked.  

Kirk2NCC1701's picture

At some they don't block it. They simply fire people, by first dive-bombing the quarterly review of their Annual Review.

Moral: stay away from ZH on work computers, or suffer the consequences.

sleigher's picture

Sounds like you have personal experience...   if so, dang!  That sucks.

BullyBearish's picture

There's a shiny, new military entrance processing station here in San Diego...wonder what they need that for?

brada1013567's picture

Séance with Hitler? Oh that's right he already took Hillary's body.

Lady Jessica's picture

I think it was Ghordius who would remind us not to focus excessively on the BIS.

It's just another clubhouse where monetarists go to bolster their egos in tasteful confines, safe from nasty comments about pushing on strings and the moral hazards of meddling in financial systems.

Far more important are the entities represented by the attendees, and the real power behind those entities.

Kenlona's picture

Does anyone actually believe these parasites don't already know exactly what the "results"are going to be?

thisguyoverhere's picture

Who is the ESF and what is its relationship with the Bank of International Settlements (BIS)

https://www.youtube.com/watch?v=fl9i0zXDVGs

Consuelo's picture

 

 

 I was gonna chime in on that earlier as well.   Ain't no bout a doubt it, the ESF is where the real power lies.   Kudos to Rob Kirby also for being one of the first to bring attention to this entity.

 

 

Felix da Kat's picture

They are there to celebrate their remain win with champange or if defeat, Bob Jones Kool-aid. Here's to a successful Brexit vote...

booboo's picture

Fresh shipment of babies to stick their blood funnels in?

shamus001's picture

This would be tge ideal time for a NON RADICAL !s!s member to fly a plane into a building.....

No building specific, of course.

BeanusCountus's picture

Wonder what's for lunch?

brada1013567's picture

A gourmet preparation of endangered species.

Winston Churchill's picture

Stuffed lambs hearts,or thats what they look like.

Ghost of Porky's picture

I dunno, but the local abortion clinic was doing the catering.

dot_bust's picture

The BIS is symbolic of the centralization of power that is crushing economies around the world.

The BIS members control the markets. The power of the members extends to control of the large, monopolistic corporations that stifle competition and innovation.

It is these corporations that ensure that wages are continuously forced down while prices go up. Thus, we are stuck with Walmart, Target, Best Buy, Comcast, AT&T, Microsoft, Apple, and a few others.

Mom-and-pop businesses and stores have been all but vanquished. 

Therefore, true capitalism has been vanquished. Fascism has taken its place.

It is no surprise, then, that we have almost no choice when it comes to political candidates. Hillary Clinton, Donald Trump, and Bernie Sanders are not choices. They are what's left over when fascist corporations have taken over.

101 years and counting's picture

maybe BREXIT is a done deal and that is the location for THEIR celebration.  afterall, how many of the bottom 90% would be totally screwed during a global equity collapse?

Amun's picture

"how many of the bottom 90% would be totally screwed during a global equity collapse?"

 

none

N0TaREALmerican's picture
N0TaREALmerican (not verified) 101 years and counting Jun 22, 2016 11:55 AM

 

I suspect less than the top 20%.     The bottom 70% (roughly) gets no benefit from this economy except what trickles down on them.   Sure, the trickle-down will stop, but - if the global equity collapses - the top X% will be hurt the most (their wealth disappears).

That's exactly why everything is being done to make sure this doesn't happen.   Big-Gov and Big-Corp are owned and operated by and for the top 10% (the management and owner class).  Everybody else doesn't matter.  

IndyPat's picture

Now would be an EXCELLENT time to boil the rope, lads.

N0TaREALmerican's picture
N0TaREALmerican (not verified) Jun 22, 2016 11:42 AM

 

The BIS Tower of Babel is a better name.

robnume's picture

Let's hope they all jump!

conraddobler's picture

I am starting to get the vibe that the Brexit vote will go through and that is the plan by using this like a Leahman moment.

With a coordinated effort central bankers could make the initial reaction one of utter destruction if they want and pound the living crap out of things blaming it all on Brexit.

That would be the correct play.

Let people vote, then shove a giant cock up their ass so far so hard they can't breathe and then ask them  kindly again what they think they'd like to do now?

Far better to allow them to vote and to allow them an illusion of freedom then hoist them on their own petards so that the next folk will not even think about doing the same thing.

I am afraid this is the exact plan that is in place, up to and including some evil fucks getting ready to make a killing on Brexit financially to finance further torments for the earth.

This is EXACTLY how the evil fucks think.

Shibumi2's picture

have we learned NOTHING from th scots and irish?

 

all bullshit theeatre...but WHY Bother??

Shibumi2's picture

have we learned NOTHING from th scots and irish?

 

all bullshit theeatre...but WHY Bother??

Kagemusho's picture

Of course, with such meetings a regular occurrence, there's no danger of terrorist operations being undertaken against this group. The hired help can only kiss the hand that feeds it.  Showing fangs and biting said hand is in 'poor taste'

dexter_morgan's picture

Where is ISIS when you actually need them.........

mendigo's picture

Using mind powers....

Concentrating...