Reality Check: Bank Of England Governor Criticizes The Petrodollar!
It is remarkable that Bank of England Governor Mark Carney recently spoke publicly about “the U.S. dollar’s “destabilizing” role in the world economy,” going on to suggest that “central banks might need to join together to create their own replacement reserve currency.” This is very significant because in his capacity as Bank of England Governor, Carney serves as Chairman of the Monetary Policy Committee, giving him a major role in directing national economic and monetary policy.