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Goldman's Global Domination Is Now Complete As Its Mark Carney Takes Over Bank Of England

Tyler Durden's picture




 

Back on July 3, we made an explicit and very simple prediction: "now that the natural succession path at the BOE has been terminally derailed, it brings up those two other gentlemen already brought up previously as potential future heads of the BOE, both of whom just happened to work, or still do, at... Goldman Sachs:  Canada's Mark Carney or Goldman's Jim O'Neil. Granted both have denied press speculation they will replace Mervyn King, but it's not like it would be the first time a banker lied to anyone now, would it (and makes one wonder if this whole affair was not merely orchestrated by the Squid from the get go... but no, that would be a 'conspiracy theory'.)"

A few weeks later, in "On The Path To Global Goldmanation: Former Goldmanite Mark Carney To Head The BOE After All?" we added:

Granted both have denied press speculation they will replace Mervyn King, but it's not like it would be the first time a banker lied to anyone now, would it (and makes one wonder if this whole affair was not merely orchestrated by the Squid from the get go... but no, that would be a 'conspiracy theory'.)" We wonder if this speculation can be upgraded from conspiracy theory to conspiracy fact, now that Bloomberg itself has written a major article discussing just this suddenly very likely outcome.

 

From Bloomberg:

 

Carney Leading Bank of England Seen as Scandal Remedy

 

 

London is losing so much trust as the global financial center that Prime Minister David Cameron may need to consider an unprecedented choice for Bank of England governor: Mark Carney, the Canadian who polices the world’s financial system and has no ties to the bailouts or rigged markets tainting Labour and Conservative governments alike.

 

The 47-year-old Carney, who received his masters and PhD degrees from Oxford University, is no stranger to the City of London after working there with Goldman Sachs Group Inc. Now serving as governor of the Bank of Canada and the head of the Financial Stability Board, he is unscathed by the fallout from the 2008 financial crisis.

 

“Mark Carney is one of the brightest, most capable people I’ve ever met in global finance and central banking,” said Tim Adams, a former U.S. Treasury undersecretary who worked with Carney at Group of Seven meetings. “I’ve been around these circles a long time and he’s smart, politically savvy, a good manager and has an outstanding track record. It’s tough to find all those elements in a single person.”

 

Domestic candidates for the job include Gus O’Donnell, former head of the U.K. civil service, Financial Services Authority Chairman Adair Turner and Bank of England Deputy Governor Paul Tucker, a three-decade veteran at the bank.

There is one problem regarding the domestic candidates: none of them have Goldman on their resume, something which sets not only Mark Carney, but also Bill Dudley and Mario Draghi apart.

As for the punchline:

 

“Why not get a head that’s global? Bankers aren’t very popular, and a Canadian sounds like a good choice,” said Kent Matthews, a professor at Cardiff University and former Bank of England researcher. “It may well be that to restore credibility they have to look outside.”

 

So that's the strategy: play Carney off as a Canadian, instead of as Goldman. We wonder how many minutes the general public will be fooled by that particular strawman.

* * *

We are, once again, 100% correct, and have beaten all the bookie odds which had Tucker as a favorite and Mark Carney as a long odds outsider. Pity: all one needs to realize and remember how the events in the world play out is to remember one simple thing: GOLDMAN SACHS RUNS IT. Everything else is secondary.

As we expected months ago, it has just been confirmed.

  • MARK CARNEY NAMED AS NEXT BANK OF ENGLAND GOVERNOR
  • OSBORNE: CARNEY WILL BRING FRESH PERSPECTIVE
  • OSBORNE: CARNEY WON'T COMMENT ON U.K. POLICY BEFORE TAKING POST
  • BANK OF CANADA GOVERNOR CARNEY SAYS HONORED TO ACCEPT BOE ROLE
  • OSBORNE SAYS U.K. NEEDS `THE VERY BEST' AT THIS TIME
  • OSBORNE SAYS CARNEY IS BEST, MOST EXPERIENCED CANDIDATE

And as we showed back on July 26...

Europe before:

and After:

Finally, our conclusion from that article, which today merely encapsulated:

  • Because with money printing squids like these, who needs sovereign states?

Q.E.D.

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Mon, 11/26/2012 - 11:46 | 3011235 slaughterer
slaughterer's picture

IF Goldman gets a squidula in for Shapiro, then the world will effectively become a division of Goldman.  

Mon, 11/26/2012 - 11:48 | 3011240 fonzannoon
fonzannoon's picture

You beat me to it Slaughterer. Nice job. Guesses? Corzine? Cramer?

Mon, 11/26/2012 - 11:52 | 3011262 DoChenRollingBearing
DoChenRollingBearing's picture

All hail our new Masters of the Universe!  Is it still possible to get into Squid School?  Or do I have to go to Harvard or Yale first?

Inquiring minds want to know!

Mon, 11/26/2012 - 11:57 | 3011290 bigdumbnugly
bigdumbnugly's picture

does carney get some kind of fancy title with this like 'Sir Carney' or 'Duke of Squidom' or some such?

Mon, 11/26/2012 - 12:06 | 3011336 francis_sawyer
francis_sawyer's picture

Is "yahtzee" yiddish for "yahtzee"?

Mon, 11/26/2012 - 12:08 | 3011343 Mark Carney
Mark Carney's picture

What do I win?

Mon, 11/26/2012 - 12:19 | 3011392 francis_sawyer
francis_sawyer's picture

Chicken Dinner

Mon, 11/26/2012 - 13:05 | 3011537 Zer0head
Zer0head's picture

Carnivore

 

and Banzai in 3,2.1...

Mon, 11/26/2012 - 13:13 | 3011618 knukles
knukles's picture

Hey, at least he won't be hard to train by the City.
He already knows the drill.

Ah, divided loyalties... the Squid or the City?
I'll take the latter.

Mon, 11/26/2012 - 13:25 | 3011656 economics9698
economics9698's picture

Investopedia explains 'Matt Taibbi'

Taibbi wrote a controversial article, published in Rolling Stone, in July 2009 claiming that Goldman-Sachs had engineered all of the major market manipulations since the Great Depression. He famously described Goldman Sachs as a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

Read more: http://www.investopedia.com/terms/m/matt-taibbi.asp#ixzz2DLnSfSQK

Mon, 11/26/2012 - 13:36 | 3011696 PlausibleDenial
PlausibleDenial's picture

Grifters...

Mon, 11/26/2012 - 14:09 | 3011821 jeff montanye
jeff montanye's picture

re the choice to succeed mary schapiro: 

http://economix.blogs.nytimes.com/2012/11/22/mary-miller-vs-neil-barofsk...

mary miller has spent two decades plus in the industry to be policed, has herself no enforcement, investigative, or litigation experience. she was trained by geithner.  she has no law degree.

barofsky the reverse.

Mon, 11/26/2012 - 14:23 | 3011886 fourchan
fourchan's picture

im sure its all just a coincidence.

Mon, 11/26/2012 - 16:08 | 3012134 AldousHuxley
AldousHuxley's picture

goldman is the modern era catholic church and wall st is  the Vatican...doing the "work of god"

 

goldman partners in senior government policy positions are bishops meddling in running or ruining a country.

 

advisors to kings and presidents to go to war against each other over debt collection instead of in the name of christ. Crusade versus military "liberation".

 

Cathedrals used to be the largest building in town, now it is the banks who has the higest high rises in the city center.

 

People used to be kept in line by telling them that they will go to heaven one day. People are now controlled with promises that they will be rich one day. Heaven on earth before you die. You can get there if you work hard enough and stay out of trouble they say. instead of 10% tithe, 5% in interest payments to the bank + 5% inflation tax.

 

but the age of reformation is near as corruption and abuse of power is exposed within. as rome burns, empire divides. internal chaos while new world is developing in asia and internet.

 

freedom of religion replaced by freedom of currency.

 

central bankers will exist as masses still follow the pope. but responsible citizens will be allowed to move on beyond the control of church being the morality police and banks being productivity police.

 

who will build the largest buildings next? entertainers and atheletes with their own stadiums?

in small towns there always is:

  1. church/temple (morality police)
  2. sheriff (property police...post crime rule)
  3. mayor (law police...pre crime rule)
  4. school (thought police)
  5. bank (productivity police)
  6. bar/ entertainment (fun police)
  7. worker slaves to pay taxes for supporting the above

and one richest guy who uses above to keep the status quo.

 

Mon, 11/26/2012 - 15:37 | 3012120 Disenchanted
Disenchanted's picture

 

 

"Goldman Runs It"

 

I think that's backwards.

 

"The City"/BOE/Rothschilds bringing in just one of their agent's(in this case Goldman) men from the field to be the puppet at hdqtrs for awhile. No biggie.

 

Mon, 11/26/2012 - 16:11 | 3012226 AldousHuxley
AldousHuxley's picture

goldman may run it, but they don't own it.

 

the owners don't want to do the work of managing their slaves.

Mon, 11/26/2012 - 12:53 | 3011524 CPL
CPL's picture

7 minutes in heaven with the hairest ZH member.

Mon, 11/26/2012 - 13:03 | 3011582 spankfish
spankfish's picture

I always thought it was a 1/2 hour in heaven?  Deflation?

Mon, 11/26/2012 - 13:08 | 3011602 Cypher_73
Cypher_73's picture

Ooo! Me me me me!

He's attractive and he can keep me living in the lifestyle to which I have grown accustomed through the crash.

Mon, 11/26/2012 - 13:30 | 3011674 CPL
CPL's picture

Indeed, how could Mark fail to see the merit in such an offer?

 

ZH:  Matchmaker to Central Bankers, Esquires.  Shit, we're the most romantic guys in the financial world bar none.

Mon, 11/26/2012 - 11:58 | 3011297 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You must sell your first born to David Rockefeller and then bathe in the blood of one thousand goats.

Mon, 11/26/2012 - 12:08 | 3011305 EscapeKey
EscapeKey's picture

From this asshole's wikipedia page:

 

 

...was involved in Goldman's work with the 1998 Russian financial crisis.[4]

Goldman's role in the Russian crisis was criticized at the time because while the company was advising Russia it was simultaneously betting against the country's ability to repay its debt


There's a shocker - but why do they call it "betting"? That's not betting. When you know the outcome in advance, then it's a sure thing. It's also incredibly illegal, but hey, when you control all primary CBs you can pretty much piss in any pool of your liking.

Mon, 11/26/2012 - 14:44 | 3011964 walküre
walküre's picture

How ironic that Russian oligarch billionaires bought up the best and priciest of London's real estate for a decade now. They can have a good "chat" with Carney at one of the good London city clubs. Don't ever piss off the Russians.

Tue, 11/27/2012 - 13:24 | 3014558 ernie messerschmidt
ernie messerschmidt's picture

"Russians"?

Mon, 11/26/2012 - 12:02 | 3011314 prains
prains's picture

the blood of one thousand maple leaf fans

Mon, 11/26/2012 - 15:17 | 3012071 lakecity55
lakecity55's picture

...and sacrifice a baby at the Bohemian Grove.

Wed, 11/28/2012 - 15:41 | 3018236 Astraea
Astraea's picture

Didn't David Rockerfeller die lasat week?

Mon, 11/26/2012 - 12:31 | 3011441 DeadFred
DeadFred's picture

DoChen you need to be born into squid school AND go to Ha'vard or Yale. Bearing boys need not apply, sorry.

Goldman may run the world but it's the people behind Goldman who rule the world.

Mon, 11/26/2012 - 13:28 | 3011668 knukles
knukles's picture

DoChen worked at Barings?
Wow
Whoda thunk.

Mon, 11/26/2012 - 14:03 | 3011792 tenpanhandle
tenpanhandle's picture

I'm pretty sure that DoChen could get into a squid school.  I mean literally as in swimming with the fishes.

Mon, 11/26/2012 - 19:41 | 3012170 Ignatius
Ignatius's picture

Once one pulls on the thread called 9/11 then the financial elites and others who orchestrated it will unravel.  It's all related.  Start with David Chandler's 3-part analysis of WTC 7 and ae911truth.org. 

International Conference in Malaysia right now:  http://www.youtube.com/watch?feature=player_embedded&v=gHBSG7Mf8T8

Mon, 11/26/2012 - 13:28 | 3011666 FL_Conservative
FL_Conservative's picture

You must donate your soul first and pledge allegiance to the Squid.

Mon, 11/26/2012 - 11:51 | 3011251 CPL
CPL's picture

Then we can finally get the charade over with and watch them cut each other's throats once one disses another one of the alumni of Goldman.

 

Homogeneous leadership is a myth.  It's really sticking hungry sharks in a small bowl with no food but one another historically speaking.

Mon, 11/26/2012 - 12:26 | 3011420 DaveyJones
DaveyJones's picture

It's almost as if...it's a worldwide criminal syndicate 

(Lucy was right)

Mon, 11/26/2012 - 12:33 | 3011442 MillionDollarBoner_
MillionDollarBoner_'s picture

What...Mark Shapiro?

What have the Cleveland Indians to do with any of this? 

Tue, 11/27/2012 - 13:20 | 3014541 ernie messerschmidt
ernie messerschmidt's picture

Investment guru Marc Farber said in an interview a couple of years ago that GoldmanSachs is Israel.

Mon, 11/26/2012 - 11:49 | 3011238 BTFDemocracy
BTFDemocracy's picture

^^ screename now owned by Goldman too

Mon, 11/26/2012 - 11:50 | 3011254 slaughterer
slaughterer's picture

ZH soon to be owned by Goldman.  

Mon, 11/26/2012 - 12:30 | 3011425 DaveyJones
DaveyJones's picture

otherwise known as Storm the Bastille Day

Mon, 11/26/2012 - 13:06 | 3011595 vrabobabo
vrabobabo's picture

ZH is already its division

Mon, 11/26/2012 - 11:49 | 3011248 magpie
magpie's picture

Should keep a bid under the pound when the euro implodes

Mon, 11/26/2012 - 11:51 | 3011258 LawsofPhysics
LawsofPhysics's picture

Yep.  Who cares about exports when you can keep printing such a strong currency?  This should end well.

Mon, 11/26/2012 - 12:02 | 3011307 magpie
magpie's picture

Might be more interested in reading this event as a sign for a possible EU exit.

Mon, 11/26/2012 - 12:05 | 3011331 LawsofPhysics
LawsofPhysics's picture

perhaps, history does indeed show how good the U.K. is at devaluing their currency and the British people are some of the most obedient sheep on the planet.  You would think that they almost like getting fleeced and cueing up for the dole.

Mon, 11/26/2012 - 12:08 | 3011340 magpie
magpie's picture

Are you implying the exact opposite - vote UK in Euro and haircut/inflate your way through the conversion rate ?

Mon, 11/26/2012 - 12:11 | 3011355 LawsofPhysics
LawsofPhysics's picture

This has been tremendously successful before and it takes a lot of real resources to keep that island humming.  Better hope the world keeps accepting that fiat.  I really see no other way.

Mon, 11/26/2012 - 12:16 | 3011374 magpie
magpie's picture

I am aware of the perpetual debasement and that the House of GS always wins - only it passed me by that maybe Mr. Carney is an Ubermuppet instead of puppet master who turns the UK into a Greater Iceland pegged to the CAD...idle thoughts.

Mon, 11/26/2012 - 12:22 | 3011406 LawsofPhysics
LawsofPhysics's picture

What will the E.U. offer resource-rich Canada in exchange?  Why would the people of Canada what to carry a bankrupt island in the E.Z.?

Oh wait, it's not about the people, nevermind.

Mon, 11/26/2012 - 12:57 | 3011551 CPL
CPL's picture

It's all about the "commonwealth".  God save the queen and all that nonsense. 

Mon, 11/26/2012 - 13:55 | 3011762 Eally Ucked
Eally Ucked's picture

What's the difference Mark Carney or Karm Yenrac? Canadian, American, Kirgiz or Afghani all the same shit!

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