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 - 12:04 | 3011323 ItsDanger
ItsDanger's picture

I am mostly 99% against the conspiracy BS out there.  I feel most of it is based on money.  However, this GS takeover is not theory, its based on transparent facts.

Mon, 11/26/2012 - 12:19 | 3011399 tickhound
tickhound's picture

"All truths are easy to understand once they are discovered;  the point is to discover them."

Mon, 11/26/2012 - 14:11 | 3011830 WarPony
WarPony's picture

or, knowing the question is half the answer?

Mon, 11/26/2012 - 12:34 | 3011451 Crassus
Crassus's picture

No need to conspire. They all think alike.

Mon, 11/26/2012 - 13:54 | 3011760 NotApplicable
NotApplicable's picture

What's so hard to understand about loyalty to power (especially institutionalized)?

BTW, I'm 100% against the conspiracy BS out there. Problem is, its so well mixed with conspiracy fact that people like you dismiss it without a second thought.

Mon, 11/26/2012 - 14:09 | 3011819 walküre
walküre's picture

6x FU to the guys who junked you

Mon, 11/26/2012 - 12:07 | 3011324 Slartibartfast
Slartibartfast's picture

Mark Carney, the guy who is over-seeing a ruthless purge against small financial entities (securities brokers, fund managers, etc.) that are 'shadow banks', a term he recently used that would be laughable for its monumental irony and hypocrisy if it wasn't so harmful to investment innovation and investor choice. He won't be happy until investors have absolutely no choice but to deal with a Monster Bank or other pet entity. He has basically ordered the Ontario Securities Commission to kill anything that doesn't fit 'the model', which is basically the same rules that a motorcycle gang employs. The OSC has even put off implementing a 'plea bargain mechanism' until the job is done...plea bargains are for big boys only, not small players trying to hammer out a living.

If you're planning on setting up shop in Ontario, Canada's largest securities market, think again...it's being run by a total nest of vipers.

Mon, 11/26/2012 - 12:17 | 3011382 EscapeKey
EscapeKey's picture

If you're planning on setting up shop in Ontario, Canada's largest securities market, think again...it's being run by a total nest of vipers.

... as opposed to where exactly?

50% of all IPO's in 1930's France were outright rip-offs - how often do you see this mentioned in history books?

Mon, 11/26/2012 - 13:02 | 3011577 Odin
Odin's picture

"Den" of Vipers I believe would be the historically significant word...

Mon, 11/26/2012 - 13:16 | 3011624 Slartibartfast
Slartibartfast's picture

Den of Thieves or Nest of Vipers...either way it's a Goldman World.

Tue, 11/27/2012 - 05:00 | 3013683 Radical Marijuana
Radical Marijuana's picture

"historically significant word"

http://en.wikiquote.org/wiki/Andrew_Jackson

President Andrew Jackson, who survived assassination attempts to "kill the bank" said to them:

"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!"

From the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels

Mon, 11/26/2012 - 13:35 | 3011698 ItsDanger
ItsDanger's picture

OSC regulates securities.  OSFI regulates the actual companies.  If you dont need financing, you would never deal with OSC.

Mon, 11/26/2012 - 13:44 | 3011731 Slartibartfast
Slartibartfast's picture

Kudos. The fact remains there is a massive bias against small entities and Carney has virtually institutionalized this bias.

Mon, 11/26/2012 - 14:01 | 3011778 ItsDanger
ItsDanger's picture

On that point, I totally agree.  Its part of why we have the oligarch situation currently around many industries and countries for that matter.

Mon, 11/26/2012 - 12:07 | 3011335 Ox
Ox's picture

Finance is a farce!

Mon, 11/26/2012 - 14:48 | 3011978 Golden_Rule
Golden_Rule's picture

A-fukin-men.  How anyone can produce so little and make so much is beyond me.

Mon, 11/26/2012 - 15:45 | 3012155 Orly
Orly's picture

Hey...a thought just occurred to me.  According to ForexLive http://www.forexlive.com/blog/2012/11/26/carney-getting-a-solid-pay-raise/ he's going to be getting a very hefty pay raise over Merv and making about a million dollars a year.

Anyone but me wonder what he knows about what is going to happen to the British currency?

Hmmmmmmm...

 

Mon, 11/26/2012 - 21:05 | 3013061 smiler03
smiler03's picture

$1m is bugger all compared to an American or British bank CEO. The BOE paid out bonuses in August 2011 of "up to £30000" per executive (yes, just £30K). Mervyn King's package has a much better pension plan so the difference is smaller than it appears by just comparing salary.

Declaration: I hate all TBTF bankers, including this one.

 

Tue, 11/27/2012 - 05:04 | 3013684 Radical Marijuana
Radical Marijuana's picture

Finance is fraud backed by force.

It seems a farce, due to fraud!

But, the frauds are backed by

astronomical sized violence!!!

Mon, 11/26/2012 - 12:07 | 3011338 swissaustrian
swissaustrian's picture

The Swiss central bank (SNB) doesn't have a former Goldmanite in charge yet, how do we change that?

We don't like the former IMF/BIS apparatchiks that are in charge of our currency debasment operation...

Mon, 11/26/2012 - 12:08 | 3011341 GoinFawr
GoinFawr's picture

So who fills Marky Mark and the Mark to Market Bunch's boots as Governor for the Bank of Canada then? Beezlebub himself? Or is Carney planning to 'doff both hats' on behalf of Goldm--- err, the commonwealth?

Mon, 11/26/2012 - 15:07 | 3012043 walküre
walküre's picture

Corzine is available. He knows everything there is about sovereigns and commodities. A twoofer! Maybe Paulson? His funds aren't doing so swell right now. He could use a promotion.

Mon, 11/26/2012 - 15:47 | 3012162 Orly
Orly's picture

I think you're getting your Paulsons confused.  One made really, really bad bets on gold and the other is a retired lepidopterist.

Mon, 11/26/2012 - 12:09 | 3011347 swissaustrian
swissaustrian's picture

Mission accomplished, time to delist Goldman and become a partnership again.

Mon, 11/26/2012 - 12:09 | 3011349 jmcadg
jmcadg's picture

Time take another look at this:

http://www.youtube.com/watch?v=aC19fEqR5bA

And while you're at it. this:

http://www.youtube.com/watch?v=lLxkyWhgaSQ

Mon, 11/26/2012 - 12:13 | 3011352 scatterbrains
scatterbrains's picture

Kinda freaky that Spain isn't deep red.. is that why they havn't kneeled down and kissed the squid funnel yet?

Mon, 11/26/2012 - 12:14 | 3011366 gmak
gmak's picture

for GS since 2003.  I think you are stretching a bit here.

Tue, 11/27/2012 - 04:10 | 3011432 GoinFawr
GoinFawr's picture

Carney's cozy coupling with the cephalopod?  Point me to the stretchMarks: Before 2003 he acted as one of their tentacles elsewhere for over a decade.

Mon, 11/26/2012 - 12:20 | 3011398 Crassus
Crassus's picture

Then JPM must take GS.

Mon, 11/26/2012 - 12:23 | 3011409 Forsaker
Forsaker's picture

Looks like they miss the Turkey. He was a former Merrill guy.

Mon, 11/26/2012 - 12:26 | 3011423 falak pema
falak pema's picture

well done Corpocracy America; you now own the two sides of the Pond; lock, stock and barrel.

Pond's cream will now be standard treatment for all wrinkles and ugly pimples. 'We only want pink botties on TeeeVEE and Fox news.'

I wonder if the BOK will now out-Draghi Count Draghi.

"Oh Dracula, king of the Franfurter of Rhineland and all that's further south, I am so thirsty for fiat blooooood...."

hahahaha, Vincent Price is back and its gonna be a Thrillaaaa! Print to kingdom come!

Mon, 11/26/2012 - 12:28 | 3011431 905ozs
905ozs's picture

What we need is a few Sperm Whales...they eat squid....
However, a squid can give multiple handjobs.

Sorry, a sad metaphor...I should look for a tall building to jump off.

You can't make this shit up

Mon, 11/26/2012 - 12:46 | 3011496 CCanuck
CCanuck's picture

A squid can perform multiple fistings.

Fixed it for ya 905.

Cc

Mon, 11/26/2012 - 12:34 | 3011447 SpanishGoop
SpanishGoop's picture

Golmantherlands, Goldmanpain, Goldmangium, Golmanuxenburg, Goldmantaly, Goldmaneece.

Getting boring.

 

 

 

Mon, 11/26/2012 - 18:29 | 3012619 Tompooz
Tompooz's picture

The Netherlands still seems to be holding out.  Or is it? Where is their gold?

Mon, 11/26/2012 - 12:37 | 3011457 Bansters-in-my-...
Bansters-in-my- feces's picture

Has anyone told Canada yet...?

Mon, 11/26/2012 - 13:32 | 3011682 Toronto Kid
Toronto Kid's picture

Yup.  It's part of our dastardly plan to get our Sovereign's face on the fiat of the entire world, starting with England.  Next is Australia!

Mon, 11/26/2012 - 16:01 | 3012203 misnomer
misnomer's picture

Um, you DO know that our sovereign is already England's and Australia's? 

 

It's all part and parcel of the pleasure of being in the Commonwealth./sarc

Mon, 11/26/2012 - 12:39 | 3011463 de Cosmos
de Cosmos's picture

SQUIDS: All your finance are belong to us...  You have no chance to survive... Make your time.

Mon, 11/26/2012 - 12:42 | 3011476 THE DORK OF CORK
THE DORK OF CORK's picture

Central bankers hold no nationality

Their State is Mammon.

Having said that anything from Goldman comes from the 9th circle of hell.

 

www.bbc.co.uk/news/uk-politics-18519395

Mon, 11/26/2012 - 12:52 | 3011511 optimator
optimator's picture

Aha!  But they do hold nationality.  They have an extra passport, not that they need it, to it and if anything ever does go wrong their little nation will protect them.  500 Nuc warheads will protect their little home. 

Mon, 11/26/2012 - 12:53 | 3011523 THE DORK OF CORK
THE DORK OF CORK's picture

Fair point - they invented the nation state concept and now wish to destroy it.

Mon, 11/26/2012 - 12:57 | 3011547 Zer0head
Zer0head's picture

isn't Romney a  Mammon?

Mon, 11/26/2012 - 12:59 | 3011560 Oh regional Indian
Oh regional Indian's picture

Precisely Dork of C. The definition of Borders will be re-defined in the Noo Wurld Dis-Order.

India for sure is a "Country" that should never have been, but for them.

ori

Mon, 11/26/2012 - 12:47 | 3011498 ATG
ATG's picture

Good call TD.

GS runs and ruins the world.

Almost like The Tudors...

Mon, 11/26/2012 - 12:50 | 3011504 Oh regional Indian
Oh regional Indian's picture

What an ugly bunch of angry looking, greedy, soul-less men running finance globally. A bunch of ex IMF/World Bank types run the shit-show in India (yup, we are well and truly under the thumb, not a squeak or peep from anyone regarding our control via BIS).

Yuck! ugh! 

ori

Mon, 11/26/2012 - 14:12 | 3011835 walküre
walküre's picture

The sooner the people in the world regardless of heritage, background or faith realize that they're being sold down the river by the cabal, the sooner we can have lasting peace and progress. Nobody needs these paper pushing money printing vermin.

Mon, 11/26/2012 - 15:06 | 3012041 lakecity55
lakecity55's picture

They are Reptilians from some other planet disguised as humans. I saw a movie where this guy found a pair of glasses what revealed whothey were. Somebody needs to find those specs!

Mon, 11/26/2012 - 16:02 | 3012206 misnomer
misnomer's picture

Ask Roddy Piper!

 

They Live!!

Mon, 11/26/2012 - 12:56 | 3011538 No Euros please...
No Euros please we're British's picture

The UK is totally screwed now. There, I never thought I would say it, but I have. Fuck you, Goldman Sachs. And a double fuck you, dick head Cameron and your paedophile chums.

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