Global Bank Chiefs 'Stand in Solidarity': With Whom, Exactly?
Eleven central banks, including the ECB and Bank of England, have bravely declared their 'solidarity' with Jerome Powell, who is reportedly facing a criminal investigation into, well, some unspecified conduct related to his job. The BBC frames this as a heartwarming display of global financial fraternity, a bulwark against 'political interference.' (Translation: Don't you DARE investigate one of
ours.) This isn't about supporting justice; it's about protecting the institutional veil that allows global financial elites to operate with impunity. When was the last time these same central bank chiefs expressed 'solidarity' with the millions crushed by inflation or the austerity measures they championed? The solidarity, it seems, is less for sound governance and more for maintaining a club
where the rules are written only for those outside its gilded doors.