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The Goldman Takeover Is Complete: A Glimpse Inside The Bank Of England Where Mark Carney Is Now Presiding

Tyler Durden's picture




 

Back in April 2012 we first suggested - to loud jeers by the "pundits" who were convinced there is no chance in hell of it happening - that Goldman's take over of the world's central bank triumvirate: the NY Fed (Bill Dudley), the ECB (Mario Draghi) and the Bank of England, would soon be completed with Mark Carney taking over the world's oldest central bank located on Threadneedle street. Today, this process has concluded and we have photographic evidence.

Behold Goldman's Mark Carney attending his first BOE Monetary Policy briefing (don't miss Michael Cross, Head of Foreign Exchange, and Executive Director for Markets, of Fleecebook fame sitting on the lower left).

And the man himself:

 

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Mon, 07/01/2013 - 08:38 | 3709614 Judge Crater
Judge Crater's picture

Bow down to your Goldman Sachs masters!

Mon, 07/01/2013 - 08:57 | 3709662 AlaricBalth
AlaricBalth's picture

Carney needs a few Imperial Storm Troopers flanking him, such as this..

http://www.culture24.org.uk/asset_arena/5/95/80/308595/v0_master.jpg

Mon, 07/01/2013 - 09:11 | 3709704 Dr. No
Dr. No's picture

My guess is there were stormtroopers, but the Propaganda Minestry edited them out of the public relations photos.

Mon, 07/01/2013 - 09:21 | 3709732 FranSix
FranSix's picture

He looks like Richard Nixon with a gold tie.

Mon, 07/01/2013 - 09:24 | 3709735 Manthong
Manthong's picture

Wow..

Nice flooring in the City of London Corporation.

I wonder how much the BIS paid for that Mussolini marble while the V-2’s were flying past that building.

Oops.. sorry for the crazy talk.

Mon, 07/01/2013 - 09:33 | 3709757 SoundMoney45
SoundMoney45's picture

If Jim Sinclair is correct, and Goldman Sachs is merely the executing agent for the ESF, then it would seem, the empire has been forced to throw long.

Mon, 07/01/2013 - 09:43 | 3709791 Manthong
Manthong's picture

I feel like having some really fresh juice now.

Mon, 07/01/2013 - 10:23 | 3709923 ParkAveFlasher
ParkAveFlasher's picture

Can someone tell me what, at the heart of it, is the difference between "a bank" and "a big building for storing money" is?

Mon, 07/01/2013 - 10:38 | 3709965 Skateboarder
Skateboarder's picture

Simple, Flash. "A big building for storing money" actually stores money, where money is a finite resource of course. A "bank," on the other hand, is an ethereal entity that permeates the space-time continuum with an infinitely radiating supply of money that has absolutely no relation to the amount of stuff we dug out of the ground, farmed, made, or exchanged.

Mon, 07/01/2013 - 11:23 | 3710132 css1971
css1971's picture

Banks don't store money. Banks create credit (bookkeeping entries) and lend it to borrowers. Any bank which just stores money is going out of business.

I'd assume you'd read up on fractional reserve banking.

Mon, 07/01/2013 - 11:33 | 3710172 KingTut
KingTut's picture

There is no money in a bank, just a set of books (which today are in a computer housed in some off-site bunker).  That's why they make them look like Greek temples.  It's a sham.

"Only gold and silver are money, everything else [i.e., bank money] is credit" JP Morgan.

He should know.

Mon, 07/01/2013 - 12:26 | 3710390 Panafrican Funk...
Panafrican Funktron Robot's picture

I think this is a very good/thought provoking question to ask, because "money storage" is the original and appropriate role of a bank.  It should actually cost you a small fee to have the excess value of your productive labor stored in a protected place in exchange for official documents that you can trade.  

Full reserve banking is really the way forward if we want to stop dealing with this fucking absurdity.  This may potentially already be in the works.

http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf

I personally think "the next crash" may be in play to move this forward.

Mon, 07/01/2013 - 17:26 | 3710432 the mad hatter
the mad hatter's picture

nice link. gives me hope that not all economists are worthless tools. unfortunately I don't think  the bankers will like the following component of the plan:

Third, allowing the government to issue

money directly at zero interest, rather than borrowing that same money from banks at interest, would lead to a reduction in the interest burden on government finances and to a dramatic reduction of (net) government debt, given that irredeemable government-issued

money represents equity in the commonwealth rather than debt

simply because the national debt is too profitable for banks.

Mon, 07/01/2013 - 12:52 | 3710480 StandardDeviant
StandardDeviant's picture

It's very nice.  I believe it's been there a bit longer than Mussolini's day, though.

If you ever happen to be anywhere near the City of London while the Open House is on, the Bank of England (not BIS, or City of London Corp.) tour is well worth queueing for - and that's from someone who absolutely detests queues.

Mon, 07/01/2013 - 10:47 | 3710008 Mortimer
Mortimer's picture

they really do need to bring the cape back...  just sayin'

Mon, 07/01/2013 - 09:30 | 3709753 Midasking
Midasking's picture

The world would be a much better place without these guys.  We don't even need to get rid of them but rather have some monetary competition as Ron Paul has mentioned.  That fact that that isn't allowed is all you really need to know about their intentions.  http://tinyurl.com/pp588mj

Mon, 07/01/2013 - 13:40 | 3710685 sgt_doom
sgt_doom's picture

One more time, folks, Carney = Group of Thirty

Dudley = Group of Thirty

Draghi = Group of Thirty

http://www.group30.org/members.shtml

http://www.group30.org/images/biotn/Carney.jpg

http://www.group30.org/images/biotn/draghi.jpg

http://www.group30.org/images/biotn/dudley.jpg

Group of Thirty, established by the Rockefeller Foundation in 1978 to speak and work on behalf of the speculators/central banksters.

Used same business address and fax number as the Bretton Woods Committee, the lobbyist group for the international super-rich.

Any questions? ? ?

 

Mon, 07/01/2013 - 08:40 | 3709619 Dr. No
Dr. No's picture

Honestly, I thought it would look more like a star destroyer than the deathstar (as dearth vader ominus music piped over the intercom...).

Mon, 07/01/2013 - 10:47 | 3710006 Sudden Debt
Sudden Debt's picture

In the end you also lose and die. Less cool than by a deathstar... that's true...

Mon, 07/01/2013 - 08:39 | 3709621 FlipFlop
FlipFlop's picture

The oldest central bank is in Sweden, Riksbank.

Details details....

Mon, 07/01/2013 - 09:42 | 3709790 Ethics Gradient
Ethics Gradient's picture

But it's definitely "the world's oldest central bank located on Threadneedle street". In fact, I'm pretty sure it's the only central bank on Threadneedle street.

Mon, 07/01/2013 - 11:24 | 3710135 Totentänzerlied
Totentänzerlied's picture

Quite a dubious distinction.

Mon, 07/01/2013 - 08:40 | 3709623 Wakanda
Wakanda's picture

That's OK.  Keeping them penned up in those stupid banks makes it easier to keep an eye on them.

The Second American Revolution - DeCeNTRaLiZaTioN like you've never seen before.

Mon, 07/01/2013 - 08:42 | 3709627 fonzannoon
fonzannoon's picture

Pretty much any country without a buffalo wild wings is starting to reach it's breaking point.

Anyone on here have kids in college? I visited a buddy once at the University of Delaware. We were at a bar and the ABC (alcohol and beverage control) people came in. They were kind of nice, checking id's and tossing any underage kids out. Pretty orderly. I guess times change.

http://news.yahoo.com/blogs/sideshow/uva-girl-water-beer-jail-181104442.html

Mon, 07/01/2013 - 10:11 | 3709888 Skateboarder
Skateboarder's picture

I'm speechless, have no words left.

Mon, 07/01/2013 - 16:35 | 3710252 TheEdelman
TheEdelman's picture

Seven guys?  seven agents? How much money was just wasted on that sting?

Mon, 07/01/2013 - 10:29 | 3709942 ParkAveFlasher
ParkAveFlasher's picture

I can understand controlling alcohol, but plain old beverages? /s

Mon, 07/01/2013 - 08:41 | 3709629 doomandbloom
doomandbloom's picture

This is how liberty dies.....with thunderous applause...

Mon, 07/01/2013 - 09:27 | 3709745 Shevva
Shevva's picture

Actually it dies with rabbit licences.

'My USDA rabbit license requirement has taken another ridiculous twist. I just received an 8 page letter from the USDA, telling me that by July 29 I need to have in place a written disaster plan, detailing all the steps I would take to help get my rabbit through a disaster, such as a tornado, fire, flood, etc. They not only want to know how I will protect my rabbit during a disaster, but also what I will do after the disaster, to make sure my rabbit gets cared for properly.  I am not kidding–before the end of July I need to have this written rabbit disaster plan in place, or I am breaking the law.'

http://bobmccarty.com/2013/06/28/usda-tells-magician-to-write-disaster-p...

Mon, 07/01/2013 - 10:22 | 3709919 WHATDIFFERENCED...
WHATDIFFERENCEDOESITMAKE's picture

Is a disaster expected after July 29th? Even a college thesis has more time than this. Someone has way to much time of their hands.

Mon, 07/01/2013 - 11:41 | 3710198 jonjon831983
jonjon831983's picture

Rabbit disaster plan... hmm ok I will protect it from the pain and terror of a terrible post-disaster life.

 

http://www.therabbitwringer.com/html/use___care.html

 

Then honor its life.

http://allrecipes.com/recipe/herb-and-beer-braised-rabbit/

Mon, 07/01/2013 - 08:42 | 3709632 blindman
blindman's picture

No Peace in the Palace
by Grant McLennan on Horsebreaker star
.
http://grooveshark.com/#!/album/Horsebreaker+Star/2533607
.
http://grooveshark.com/s/No+Peace+In+The+Palace/4KC8fz?src=5
.
Cactus Tree
by The Happy Talk Band on Total Death
http://grooveshark.com/s/Cactus+Tree/3y7H1u?src=5

Mon, 07/01/2013 - 08:50 | 3709641 world_debt_slave
world_debt_slave's picture

all through history the money changers have always been in control with little respite

Mon, 07/01/2013 - 08:52 | 3709644 mayhem_korner
mayhem_korner's picture

 

 

The circle is now complete.  When I left you, I was but the learner; now I am the master.

Only a master of evil, Lloyd...

Mon, 07/01/2013 - 08:52 | 3709648 Atomizer
Atomizer's picture

Career Opportunity:  Only Serious Applicants Need Apply.

Mon, 07/01/2013 - 08:53 | 3709653 giggler123
giggler123's picture

Oh, I can see it's easier to get out of Canada than get in.  Add to that, Mark didn't really have much affect on the Canadian ponzi so I half expect his work to continue at the BoE.

Mon, 07/01/2013 - 09:00 | 3709675 sudzee
sudzee's picture

Carney's last act in Canada was overseeing the melt and sale of the last 235,000 gold coins in its valt.

Mon, 07/01/2013 - 08:58 | 3709665 Archaik
Archaik's picture

The oldest central bank in the world is the Swedish Riksbank, get your facts straight.

Mon, 07/01/2013 - 12:59 | 3710508 Colonel Klink
Colonel Klink's picture

Which by coincidence is also where we get the "Nobel" prize in Economics.  Ironic isn't it??

Mon, 07/01/2013 - 08:59 | 3709668 NipponMarketBlog
Mon, 07/01/2013 - 09:06 | 3709687 Misean
Misean's picture
"The Goldman Takeover Is Complete: A Glimpse Inside The Bank Of England Where Mark Carney Is Now Printing."

Fixed the headline for ya.

Mon, 07/01/2013 - 09:12 | 3709708 ITrustMyGut
ITrustMyGut's picture

hmm.. is Carney a Israeli dual citizen as well?

Mon, 07/01/2013 - 09:20 | 3709729 FranSix
FranSix's picture

The Canadians must have gotten wise to him and had him ejected.  Canadian banks must have twisted the arms of the Finance Minister.

Mon, 07/01/2013 - 09:41 | 3709786 YHC-FTSE
YHC-FTSE's picture

Subtlety was never a strong point for megalomaniacs. The squids goal is so open and blatant, it's almost surreal. 

With the cons in power, it won't be long before the cream of British assets are sold for pennies to the multinationals and cronies waiting in the wings. I'm British - a debt slave to GS and cheerful clapper to American foreign policies. It's a fucking disgrace.

Mon, 07/01/2013 - 09:53 | 3709824 q99x2
q99x2's picture

I see it clearly now. The Banksters literally waged war against sovereign nations. In the US they put Eric Holder and Barack Obama in office to help them takeover and destroy the United States of America.

Where the hell is the US Military to attack this foreign enemy that is in an ongoing physical invasion and attack against the US.

What the fuck is going on?

Mon, 07/01/2013 - 11:34 | 3710174 Totentänzerlied
Totentänzerlied's picture

"Where the hell is the US Military to attack this foreign enemy that is in an ongoing physical invasion and attack against the US."

The military is where it always was, waiting for marching orders from the people who run it and pay its bills. I think you mentioned them - "this foreign enemy".

Who upvoted such sheer idiocy?

Mon, 07/01/2013 - 09:58 | 3709846 Notarocketscientist
Mon, 07/01/2013 - 11:00 | 3709858 Pseudonymous
Pseudonymous's picture

Also note the sign that says "FERGAL SHORTALL", right next to Mike Cross'. If Mr. Shortall has been true to his name last month, it should have been very profitable for him.

It's funny, because I was thinking for some time what the ultimate bubble before hyperinflation would be and therefore what bubble the central banks must be preparing for. I think the last bubble will be a bubble in paper currencies, which would manifest itself in hoarding cash and shorting all asset classes.

Mon, 07/01/2013 - 10:02 | 3709861 tony wilson
tony wilson's picture

thank you for your time mr carnage.

the rothschild clan would like you to do your worst.

yes

your worst.

Mon, 07/01/2013 - 10:08 | 3709875 yogibear
yogibear's picture

When will it be announced that Lloyd Blankfein is the official ruler of the world government?

 

Mon, 07/01/2013 - 10:25 | 3709926 Quinvarius
Quinvarius's picture

You'll know.  You will be poor, starving, and homeless.  And so will he.  The effect corrupt banking has on the economy is the same effect as replacing your entire body with cancer cells.

Mon, 07/01/2013 - 10:39 | 3709958 El Hosel
El Hosel's picture

What a suprise, another Career Criminal of the highest "oder" appointed ruler of another TBTF syndicate.... and "The Markets" rally on the great news.

Mon, 07/01/2013 - 10:32 | 3709948 Crash Overide
Crash Overide's picture

Such a nice global command center, it will be a shame when it gets set on fire and looted. Just saying...

Mon, 07/01/2013 - 10:47 | 3710005 SAT 800
SAT 800's picture

Needs a new tailor; that faggy Italian deconstructed suit isn't going to get any respect in the City.

Mon, 07/01/2013 - 11:34 | 3710169 smacker
smacker's picture

It's going to be interesting to see which way Mr Carnage jumps on QE.

For months it's been predicted that he plans to start up Ctrl-P like nothing ever before and to hell with price inflation consequences. If he does that and CPI rises strongly, he'll have civil unrest on the streets, perhaps a trade union organised general strike.

But for several months he's been progressively inundated with written advice from groups of economists and many other self-important quacks, advising him not to do that. Then there's the recent BIS report which ZH posted about last week which says QE must come to an end.

Mon, 07/01/2013 - 11:37 | 3710184 Totentänzerlied
Totentänzerlied's picture

"a trade union organised general strike."

Oh ANYTHING but that! Oh the humanity!

Mon, 07/01/2013 - 12:16 | 3710348 thisandthat
thisandthat's picture

 

Goldman's take over of the world's central bank triumvirate

Goldman's take over of the west's central bank triumvirate

Fixed

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