Ex-Goldman Banker Taking Over The Fed? Mark Carney Spotted At The White House

Tyler Durden's picture

Now that Trump finally figured out he needs lower interest rates to preserve the debt-funded "growth" of the US and prevent the $20 trillion in government debt from spontaneously combusting (as higher rates lead to higher interest outlays, resulting in even more debt and so on)...

... speculation about who may replace Janet Yellen has faded despite her term ending in 2018.

Or maybe it hasn't, because in an unscheduled meeting, NBC reporter Hans Nichols tweeted on Friday that "Spotted at WH: Mark Carney, governor of the Bank of England. Denied being here for FBI job. But Yellen's?"

Nichols included a picture of Carney walking the big white building and he's citing a Bloomberg correspondent. Bloomberg says that Carney met with National Economic Council Director Gary Cohn in Washington on Friday.

The visit was confirmed by a BoE spokesman but given that there was no prior market notice that Carney would be making a visit, the reports are prompting investor conversation, while Bloomberg adds that Carney is in quiet period to speak for press ahead of the UK election on June 8.

Why would the former head of the Bank of Canada, the current head of the Bank of England, and former Goldman partner be at the White House?  One guess which is making the rounds: he is preparing for the historic central banking hat trick of having run the central banks of Canada, the UK and soon, the US. As Nichols adds, "Carney just left WH and didn't DENY that he was interviewing for Yellen's job. DIRECTLY ASKED"

Perhaps the visit was perfectly innocuous. According to Reuters, Carney met with the Gary Cohn, "in his role as head of the Financial Stability Board, an international body that monitors and makes  recommendations about the global financial system, the Bank of England said."

Which is an efficient way of saying absolutely nothing at all, because it was not in what current capacity Carney met with former Goldman co-worker Gary Cohn, it's what his future capacity may be.

With Goldman already having taken over the White House, is the world's most powerful bank preparing to add the Federal Reserve to its trophy collection? Find out some time in January 2018 when Yellen's tenure ends.

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cougar_w's picture

Um... was there ever a time Goldman didn't run the Fed?

I mean, you can keep saying these stupid things like Oh no Goldman is making a move! but you can't fool us any more.

BullyBearish's picture

make America great again...let's see, stanley fischer former head of israhell central bank now vice chairman (really running things for smellin), now carney from canada if true...henry ford wrote a 4-series work about these guys called the international jew...

Croesus's picture

Read "The World Conquerers" by Marschalko...makes predicting the future easier.

Pinto Currency's picture

More likely Carney's there to tell trump that bankers can't be charged for crime as London's Financial Services Authority has a sweetheart deal with the big international banks.

The FSA and UK Chancellor of the Exchequer George Osborne allegedly got Holder and Breuer to interfere with prosection of HSBC so that no criminal charges would be laid. HSBC is a made bank.

See the record of the FSA's interference in US criminal investigation of major US banks:

All the Plenary's Men
https://www.youtube.com/watch?v=2gK3s5j7PgA

Cheyenne's picture

Correct (though it's the FSB you mean). Carney's visit has zero to do with Fed Chairmanship. His message to Trump relates instead to "stability."

"But speculation that he might jump ship to another central bank has been silenced after the Bank of England told BNN that while the Carney did visit the White House, he was only there on matters related to his role as head of the Financial Stability Board."

http://www.bnn.ca/bank-of-england-governor-spotted-at-the-white-house-1....

Manthong's picture

Oh, for God;s sake!

Goldman Sachs… Bank of Canada… Bank of England…

Why don’t you just put Bernie Madoff there instead of Madoff wannabe’s?

 

Cheyenne's picture

Bernie can't be bothered with shit like that! He's gonna be in an HBO movie airing Sunday, starring Robert DeNiro...

http://www.post-gazette.com/ae/tv-radio/2017/05/19/Wizard-of-Lies-Barry-...

Cheyenne's picture

Negative. The wiki entry doesn't mention the FSB, just the UK Securities and Investment Board (SIB), which was the predecessor of the FSA, which is itself now defunct but masquerading under as the UK Financial Conduct Authority. The profusion of acronyms is truly bewildering.

The FSB (Financial Stability Board) is part of the BIS (Bank for International Settlements). The FSB's predecessor was the FSF (Financial Stability Forum).

Pinto Currency's picture

The FSB is actually managed by the G20 (we're both in error).
https://en.wikipedia.org/wiki/Financial_Stability_Board

Note also the FSA has been abolished and the BoE now appears to be the muscle for intervening on behalf of pet banks (a role previously held by the FSA until Apr 2013):

On 19 December 2012 the Financial Services Act 2012 received royal assent and came into force on 1 April 2013.[9] The act created a new regulatory framework for financial services and abolished the FSA.[9] Specifically, the Act gave the Bank of England responsibility for financial stability, bringing together macro and micro prudential regulation, and created a new regulatory structure consisting of the Bank of England's Financial Policy Committee, the Prudential Regulation Authority and the Financial Conduct Authority.[9]
https://en.wikipedia.org/wiki/Financial_Services_Authority

Luc X. Ifer's picture

Marc Carney :

1. Schooled and battle tested in Canada

2. Postgraduate education in the system core in England

3. Ready to take lead on the hardest battle field

 

Cheyenne's picture

The FSB organized itself within the BIS to acquire the latter's legal immunity from Switzerland (and therefore, by the principles of comity, from every other country that tries to reach inside the BIS/FSB, by subpoena or court judgment or otherwise).

The notion that the countries of the G20 control the FSB is merely a PR effort to mask the thoroughly opaque, undemocratic, and supremely powerful nature of the FSB; legally it's untrue. It might have been true if the FSB were a creature of a treaty (thus giving the FSB's organization effect as law in teh U.S. and other national signatories), but it isn't, as that option was expressly declined by the banksters.

It's the FSB that's controlling nations, not the other way around. The DOJ's pattern of prosecuting banks can be explained only by reference to the FSB, not to American law--a point driven home by the film you cite, "All the Plenary's Men" (which I made, btw). That's why Carney's appearance in the White House should be an eye-opener.

meta-trader's picture

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Paul Kersey's picture

This goes deep, and no one is connecting the dots. First of all, Goldmanites Mnuchin and Cohn, the bankster boys that Trump put in charge of the US economy, want this:

"Treasury seriously studying issuing 50-year or 100-year bonds: Mnuchin"

http://www.marketwatch.com/story/treasury-seriously-studying-issuing-50-...

And they want this:

"Trump Begins to Chip Away at Banking Regulations"

https://www.theatlantic.com/business/archive/2017/02/trump-dodd-frank/51...

But most of all they want this:

"With Trump's deregulation plan, big banks could get back in the mortgage market"

http://www.marketwatch.com/story/treasury-seriously-studying-issuing-50-...

So what does it all mean? With no Dodd-Frank, the now non-regulated banks will be free to create 50 year amortized mortgages. A $300,000 loan will have P&I payments of $1,100 a month, and everybody with a house and a pulse will re-fi their mortgages. The TBTF banks will make hundreds of billions in mortgage fees (points), and hundreds of billions more selling the mortgage-backed securities to the secondary market. And there's much more:

"Goldman Sachs has purchased 59% of Fannie Mae-auctioned NPLs since it started selling in 2015 – a total of $5.7 billion in unpaid loan balances."

The Goldmanites are siting on over thousands of non-performing mortgages recently bought at big discounts from the GSEs, and, with the crazy cheap payments on the 50 year mortgages they can give new buyers of the homes they foreclose on, they will make untold billions of dollars more. And, by the way, they sure as hell don't need Carney to do this. Goldmanite William C. Dudley is the President of the New York Fed (FRBNY). He is the real power behind the Federal Reserve Bank and gets paid twice as much as Yellen. With Dudley running the Fed, Ex-Goldman President Cohn, Trump's chief economic adviser, and Goldman partner Mnuchin as Secretary of the Treasury, the Goldmanites can run the table and create an even higher leveraged housing boom than we saw in 2007.

No one in the MSM is tracking what the Goldmanites are really up to. It's time to blow the whistle on them.

BullyBearish's picture

wondered why skankfein has been so silent lately...kind of like satanyahoo...we'll hear how shrump will be even better friends with booboo soon...thanks for putting this out paul...

logicalman's picture

Skankfein and Satanyahoo could be saying and doing all kinds of stuff.

Just because you're not hearing about something doesn't mean it ain't happening.

That's why controlling the MSM is so important.

MSM = Ministry of Propaganda.

Unfortunately, the majority fall for it every time.

 

Chupacabra-322's picture

@ Paul,

God Damn Son!

Great work!

This will be passed on. And, on, & on, & on...........

JRobby's picture

They don't call it "Giant Vampire Squid" for nothin'!!!!

(Actually,  dubbed them that, (most appropriately!))

BullyDog's picture

LOL,

 

Here comes teh plastic money mofo's.  

 

How better than to remove drug money than to force paper to plastic and make people bank before a set date.

spastic_colon's picture

i asked earlier why the FED has a .gov address?? not to be naive but they sure do tout their autonomy....i think i'll change my firm's address to have a .gov too.

MagicHandPuppet's picture

Oh... I guess he meant to say "Continue to Main Line Vein the Swamp"

meditate_vigorously's picture

Really good question. That is freaking outrageous. Most people do not even know it is a private foreign owned "bank". Seems like some at .gov want to keep it that way

Jews will be the death of us all.

give me liberty or....'s picture

This Jew will give you life:

    28“Come to Me, all who are weary and heavy-laden, and I will give you rest. 29“Take My yoke upon you and learn from Me, for I am gentle and humble in heart, and YOU WILL FIND REST FOR YOUR SOULS30“For My yoke is easy and My burden is light.”

The Lord Jesus Christ, "Lion of the trive of Judah" as in Jew. 


FoggyWorld's picture

And then comes an EMP attack and it's all gone.

knukles's picture

Only difference is that it's now being done brazenly, in the open.

HRClinton's picture

Wait, he's a Canuck!

EmmittFitzhume's picture

He's not part of the Tribe so not qualified

HRClinton's picture

Actually, he IS. Look it up. 

freedogger's picture

Trumps are too if you go back a ways

freedogger's picture

Trumps are too if you go back a ways

freedogger's picture

Trumps are too if you go back a ways

Soul Glow's picture

Makes sense.  After Trump is a one term Prez maybe he can get hired on as Goldman CEO.

tmosley's picture

He'd make more money by retaking control of his own businesses.

Soul Glow's picture

Too much risk of bankrupcy.  

tmosley's picture

Sounds like you have a flour-permiable dragon in your garage.

Soul Glow's picture

Trump's business is predicated on a economic growth.  Real estate, gaming, golf, those businesses need growth to make any money.  A recession kills those businesses.  If there is a recession Trump's businesses stand the most to lose.  And his sons are running the businesses, so Trump still has  skin in the game.

So obviously he will hire Goldman bankers and let the Fed run their normal policy.  He wants to keep the charade going so his family can make their money.

JRobby's picture

 

Normal Policy

Policy Normal

 

This shit has cost many, many people their retirement and a good number their lives. FUCK THE FED FUCK GOLDMAN

spastic_colon's picture

collecting his paycheck

johnnycanuck's picture

That he does well.  Not much else though.

wmbz's picture

Art Carney would have been the right pick for Yellens job if he was still with us. At least he was funny.

The whole thing is one sick fucking joke.

shizzledizzle's picture

Trump & Tribe, BFFs <3 <3 <3

small axe's picture

fucking Goldman scum should have a bounty on their heads, each and every one of them.

give me liberty or....'s picture

Why don't you start and show the rest of us how it's done.

BigFatUglyBubble's picture

LOL As if Goldman doesn't already own a big piece of the FED, and as if they will own any bigger of a piece no matter what clown they put in the chair position.

The orders come from above, up the pyramid.  They put the symbol right there on the currency.  How much more clear can it be?  They love to troll and put the truth right there in plain sight.

JRobby's picture

2018 - Goldman is the FED!!!!!

meditate_vigorously's picture

Goldman doesn't own part of the fed, they ARE part of the fed. Primarily The Fed is owned by Rothschilds and their agents including GS.

any_mouse's picture

Exactly. My reaction as well.

Focusing on Goldman misses the larger stage and the unseen creatures behind the curtain.

Bloomberg, Forbes, et al. show us the Billiionaires.

Never are the trillionaire intergenerational families in the public eye.

They never appear before Congress or publically visit the White House.

Every school program in the USA has been affected by the Rockefeller Foundation. Long before Common Core. Was there ever any public discussion?

Who are we never allowed to criticize?