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 - 11:49 | 3011249 Orly
Orly's picture

In your face!

Mon, 11/26/2012 - 11:52 | 3011259 11b40
11b40's picture

You just can't make this shit up!  Stranger than fiction.

Mon, 11/26/2012 - 11:52 | 3011261 tickhound
tickhound's picture

Damn the Canadians to hell.

Mon, 11/26/2012 - 13:27 | 3011662 Toronto Kid
Toronto Kid's picture

That's the Maple Leafs hockey season you're talking about, dammit!

Mon, 11/26/2012 - 14:43 | 3011961 dogbreath
dogbreath's picture

our hell freezes over

Mon, 11/26/2012 - 11:52 | 3011263 Theta_Burn
Theta_Burn's picture

Awsome,

Maybe these will be the same faces on the new currency they have planed.

Soon to paid in 100 dong bills

Mon, 11/26/2012 - 11:53 | 3011266 suteibu
suteibu's picture

Note that the non-Goldman, -  but U of Chicago-trained - Shirakawa is fighting to keep the Bank of Japan "independent" from the inept Japanese government.  This would seem to be a fight that all central banks would get behind as the nationalization of the BoJ might set a precedent for other nations' politicians who are not happy with the performance of their banks.  How many Goldman/Japanese are in position there to take over for Shirakawa?

Mon, 11/26/2012 - 15:05 | 3012036 SDRII
SDRII's picture

Japan is already precedent. The have had how many PMs in the last decade? There would appear to be a correlation between the government flip flopping and US security concerns in the region. Take a look back at the SK patrol boat sinking and the demise of the Japan gov't over non other than Okinawa protests. Dig into the TPP and prying open Japan's Ag market. Japan continues to get played like a fiddle in the $IMF complex.

Mon, 11/26/2012 - 17:32 | 3012458 suteibu
suteibu's picture

There would appear to be a correlation between Japan's revolving door PM situation and America's meddling in Japan/Asian affairs.  Hatoyama and the Okinawa issue is a classic example.  Another bone of contention for Japanese is the nuclear issue after Fukushima.  But it was none other than Obama who told Noda to delete any plan for reducing Japan's dependence on nuclear power from his energy plan.

The TPP is less about free trade and more about setting up a regional bureaucracy controlled by the US and global corporations.  Japan would be much better off signing targeted free trade pacts with China and South Korea than getting further in bed with America.

As for regional security concerns, the US has too many conflicts of interests with China to do anything about it except continue to extort and fear-monger the Japanese people into excepting America's largest peacetime military deployment for a 68th consecutive year during which time it has never mobilized to defend Japan.

Japan has a lot of problems with its government, not the least of which is America's involvement in it.

Mon, 11/26/2012 - 11:56 | 3011271 slaughterer
slaughterer's picture

MDB, Robo-Trader, fonzanoon, SuddenDebt, crankyoldgeezer, CPL, sheepdog-one, slaughterer--all indiscrimately being sold to Goldman this afternoon.  

Mon, 11/26/2012 - 11:57 | 3011295 fonzannoon
fonzannoon's picture

as long as they cover my therapy sessions.

Mon, 11/26/2012 - 12:59 | 3011562 CPL
CPL's picture

If they pay in physical silver and gold, sure, why not.  I get to cherry pick my pirate crew though.

Mon, 11/26/2012 - 14:16 | 3011856 Cypher_73
Cypher_73's picture

Mmmm... pirate crew...

Mon, 11/26/2012 - 14:37 | 3011950 CPL
CPL's picture

String of pearls.  Booty.  There's a joke in there somewhere.

Mon, 11/26/2012 - 16:58 | 3012356 RockyRacoon
RockyRacoon's picture

Whew!  I'm glad I got left off that list.

Mon, 11/26/2012 - 11:54 | 3011278 AwkwardReader
AwkwardReader's picture

Love to see what my marlin .444 would do to those target heads.

Mon, 11/26/2012 - 15:14 | 3012058 lakecity55
Mon, 11/26/2012 - 11:55 | 3011281 Bay of Pigs
Bay of Pigs's picture

Carney has done a spectacular job creating a massive housing and consumer debt bubble in Canada.

He's perfect for the BOE job. 

Mon, 11/26/2012 - 13:11 | 3011613 spankfish
spankfish's picture

Yes, but what this really needs is a good old fashion sex scandal... anybody up for it?

Mon, 11/26/2012 - 11:55 | 3011282 Kina
Kina's picture

The vampyre squidlings, the HIV of the financial world.

Mon, 11/26/2012 - 11:56 | 3011286 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Mark Carney is a whore.

Mon, 11/26/2012 - 12:30 | 3011438 Hugh_Jorgan
Hugh_Jorgan's picture

Mankind tend toward being whores. This is why we need God at the head of our lives.

Mon, 11/26/2012 - 13:52 | 3011754 walküre
walküre's picture

Carney going to BOE? Carney denied any such rumors just this summer!

http://m.foxbusiness.com/markets/quickPage.html?page=34687&content=70525221

http://www.huffingtonpost.ca/2012/04/17/mark-carney-bank-of-england-gove...

Another GOLDMAN appointment to yet another CB

How much longer before the global revolution starts? GOLDMAN is running the world and I HATE IT. This is beyond absurd. It's grotesque how people after people is being controlled by money printing paper pushing rats.

I guess this needs to be updated

http://news-cottage-two.blogspot.ca/2012/08/mark-carney-rotten-white-hat...

Oh and yes. Mark Carney is a JEW.

1+1 = 2

Mon, 11/26/2012 - 20:42 | 3012995 smiler03
smiler03's picture

And your evidence for "Mark Carney is a JEW" is what?

Mon, 11/26/2012 - 11:56 | 3011287 Confundido
Confundido's picture

BBG:

*CARNEY SAYS HE DIDN'T FORMALLY APPLY FOR BANK OF ENGLAND ROLE

*FLAHERTY CALLS CARNEY'S BOE APPOINTMENT A LOSS FOR CANADA

 

I mean....you couldn't make this stuff up! They themselves are confessing the existence of superior powers! I need to buy more physical gold...

 

Mon, 11/26/2012 - 12:10 | 3011356 Slartibartfast
Slartibartfast's picture

Canada may have a 'Triple-A' rating, but it's got a Triple-F finance minister...Fiscal Failure Flaherty. They don't call him 'Deficit Jim' for nothing, a politican with a proven track record of missing obvious signs (2008), of backing one-trick ponies (resource extraction) and hiding public debt (when he was finance minister of Ontario). He's not qualified to run a Saturday night bingo game at the Legion.

Mon, 11/26/2012 - 13:57 | 3011695 oddjob
oddjob's picture

Paul Martin was the King, I mean that $55 billion he 'borrowed' from the EI fund to balance the budgets, that was a stroke of genius.

Mon, 11/26/2012 - 14:05 | 3011801 old naughty
old naughty's picture

"borrowed"? That's why Sir Conrad (or was it Lord Black) did not "pass go".

Mon, 11/26/2012 - 13:54 | 3011761 Toxicosis
Toxicosis's picture

Flaherty wasn't missing any obvious signs.  This game is being played all over the world.  Lie, obfuscate, deny and bullshit the populace long enough until you can outright bankrupt and control them.  Like Bernanke, Flaherty is not incompetent just deceitful.

Mon, 11/26/2012 - 14:47 | 3011968 walküre
walküre's picture

Canada is another supposedly "free" country.

Mon, 11/26/2012 - 11:57 | 3011289 905ozs
905ozs's picture

Oh yes...& the new Governor of the Rothschild Bank of England is....
Not British (Canadian)...
Ex Goldman Sachs....
Why? "a person of real quality who is friendly with and knows the Banking system"

OMG....I feel like vomiting.

Mon, 11/26/2012 - 11:56 | 3011291 Bahamas
Bahamas's picture

They are all men: ..no female squids yet?

Mon, 11/26/2012 - 12:36 | 3011454 Crabshacker
Crabshacker's picture

When they do..you know it's really over. They always leave the she holding the bag.

Mon, 11/26/2012 - 13:02 | 3011579 CPL
CPL's picture

Kim Campbell.  Do not need to say anymore.

Mon, 11/26/2012 - 14:49 | 3011982 dogbreath
dogbreath's picture

connie ostermann

the girls are mad when they can't play with the boys

Mon, 11/26/2012 - 14:07 | 3011812 WarPony
WarPony's picture

lizard shape-shifters by day, ...

Mon, 11/26/2012 - 11:57 | 3011292 km4
km4's picture

 

Cambridge University starts Doomwatch unit, hires Skype co-founder to fight the future

http://www.engadget.com/2012/11/26/cambridge-existential-risk/

Mon, 11/26/2012 - 11:57 | 3011293 Itch
Itch's picture

God these bankers do such a great job, how could we live without them? I would be totally devestated if they all died suddenly.

Mon, 11/26/2012 - 11:59 | 3011298 slaughterer
slaughterer's picture

Jim O'Neil spends alot of time in China.  Why not him for BOC?

Mon, 11/26/2012 - 11:59 | 3011299 Solid Gold Bubble
Solid Gold Bubble's picture

Because on a long enough timeline, everything belongs to Goldman.

Mon, 11/26/2012 - 12:10 | 3011354 SmallerGovNow2
SmallerGovNow2's picture

Clever...

Mon, 11/26/2012 - 11:59 | 3011301 asteroids
asteroids's picture

God help the Brits. Carney has a speed dial to the FED. He won't make a move lest it upset the chairsatan. Canada by all rights should have jacked up interest rates years ago to stop our housing balloon, but didn't. Funny thing is that housing should start imploding about the same time Carney leaves.

Mon, 11/26/2012 - 12:08 | 3011345 slaughterer
slaughterer's picture

BLOOMBERG:

CARNEY RE-INITIATES QE IN UK IN FIRST 5 MINUTES AFTER BEING INFORMED OF HIS NEW OFFICE

/sarc

Mon, 11/26/2012 - 13:47 | 3011739 NotApplicable
NotApplicable's picture

God help the Brits? Your statement implies that something has changed.

BOE/Fed love affair has been ongoing since the day the Fed was born, as it's the the child of the BOE (along with most (if not all) other central banks).

 

Mon, 11/26/2012 - 12:00 | 3011302 Dr. Engali
Dr. Engali's picture

The squid completing what hundreds of years of warfare could not. And they didn't even need to fire a shot. Simply amazing.

Mon, 11/26/2012 - 13:50 | 3011743 NotApplicable
NotApplicable's picture

What do you mean? The shooting has NEVER STOPPED!

You seem to be forgetting the first rule of combat, "Let's you and him fight!"

I'd say that hundreds of years of warfare is likely the main reason they've been so successful.

Mon, 11/26/2012 - 17:10 | 3012397 DaveyJones
DaveyJones's picture

I don't know, I'd say that Trojan Horse has been clearly lodged up DC's rectum

Mon, 11/26/2012 - 12:01 | 3011306 Mongo
Mongo's picture

OSBORNE: CARNEY WILL BRING FRESH PERSPECTIVE

Indeed...

Mon, 11/26/2012 - 12:18 | 3011315 Shizzmoney
Shizzmoney's picture

Jaime Dimon's Fight with Mark Carney over Capital Requirements

Or is the other extreme possible? Are we being too timid? Consider the jaded attitudes of the bank CEO who recounted: "My daughter called me from school one day, and said, 'Dad, what's a financial crisis?' And, without trying to be funny, I said, 'This type of thing happens every five to seven years.'"

Read more: http://www.businessinsider.com/jamie-dimon-mark-carney-daughter-quote-started-fight-2011-9#ixzz2DLSRQ4nk

http://www.businessinsider.com/jamie-dimon-mark-carney-daughter-quote-st...

Mon, 11/26/2012 - 12:03 | 3011320 Glass Seagull
Glass Seagull's picture

Jesse Ventura is spinning in his leather-fringe jacket.

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