On The Path To Global Goldmanation: Former Goldmanite Mark Carney To Head The BOE After All?

Tyler Durden's picture


When the Lieborgate scandal broke out and the Bank of England trace became publicly known, some of the more conspiratorially inclined elements saw in this epic shakedown at the English central bank nothing but an opportunity for the world's dominant investment bank, Goldman Sachs, to capitalize on the scandal and the succession panic now that Paul Tucker is obviously out of succession rotation, and to appoint its own tentacles to the head of this most important central bank that is currently squid free. In fact, on July 3 we said:"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'.)" 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.

Finally, the Goldmanation map we put together back in April when we first suggested this likely outcome in "On The Goldman Path To Complete World Domination: Mark Carney On His Way To Head The Bank Of England?" and which we knew would see much more use in the future, is here again.

Europe before:

and After:

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

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Thu, 07/26/2012 - 11:29 | 2653321 Stoploss
Stoploss's picture

FORTUNATELY, the US has decoupled, and has no recession..




Thu, 07/26/2012 - 11:30 | 2653327 battle axe
battle axe's picture

You can't keep a good squid down.

Thu, 07/26/2012 - 11:38 | 2653350 i-dog
i-dog's picture

The return of the Stuarts. Jesuitz rulez!

Thu, 07/26/2012 - 11:52 | 2653409 Mark Carney
Mark Carney's picture

its all lies.

Hyde yo wife, hyde yo kids, its Carney time!

Thu, 07/26/2012 - 11:56 | 2653432 NotApplicable
NotApplicable's picture

Red State, Blue State... does it even matter anymore?

In other news, I'm starting to suspect that GS is the one in control of all of the rogue nukes around the world. I mean, how else can you acquire this much leverage? Surely not solely via the monetary system.

Thu, 07/26/2012 - 11:58 | 2653444 NotApplicable
NotApplicable's picture

Of course, once they get rid of the remainder of the orange states, they can just rename the damn place the GU.

Thu, 07/26/2012 - 12:07 | 2653484 Silver Bug
Silver Bug's picture

One small step for Goldmanking. One GIANT Leap backwards for Mankind.



Thu, 07/26/2012 - 11:30 | 2653323 bigdumbnugly
bigdumbnugly's picture

and the culmination of this goldmanation is oneworldnation.

Thu, 07/26/2012 - 11:30 | 2653331 Inthemix96
Inthemix96's picture

What a fucking surprise there eh?

Thats us saved then eh?  The time for culling is long past.  Fuckers

Thu, 07/26/2012 - 11:31 | 2653332 lizzy36
lizzy36's picture

Still believe Carney wants PM of Canada.

Think he would trump Justin Trudeau, who is a charsmatic empty suit with decent pedigree. 

We shall see. 

Thu, 07/26/2012 - 11:54 | 2653416 Bay of Pigs
Bay of Pigs's picture

You're joking right?

Thu, 07/26/2012 - 11:32 | 2653337 Doubleguns
Doubleguns's picture

Will jack boots be issued with the position.

Thu, 07/26/2012 - 11:35 | 2653348 DaveyJones
DaveyJones's picture

the squid squirts her ink into the druid fluid

Thu, 07/26/2012 - 11:37 | 2653353 alien-IQ
alien-IQ's picture

Appointing a Goldmanite to head the BOE is a "scandal remedy"?

Please tell me that was a fuckin joke.

Thu, 07/26/2012 - 11:37 | 2653355 ObungaBoy
ObungaBoy's picture

U.S. is an evil empire which spreads corruption and erodes democracy around the globe

Thu, 07/26/2012 - 12:21 | 2653529 DaveyJones
DaveyJones's picture

and we're good at it 

Thu, 07/26/2012 - 11:41 | 2653369 buzzsaw99
buzzsaw99's picture

I should have taken the blue pill. :facepalm:

Thu, 07/26/2012 - 11:43 | 2653376 LetThemEatRand
LetThemEatRand's picture

Thank God that we have these members of the Productive Class doing their important financial business.  If we could just get them some more money, relieve them of any remaining rules and regulations (are there any?), and stop taxing them unfairly we'd all be fine.

Thu, 07/26/2012 - 21:58 | 2655375 StychoKiller
StychoKiller's picture

All these US Rulez and Regulations, WHO precisely are they hurting/helping again?  Check yer premises.

Thu, 07/26/2012 - 12:35 | 2653380 Mercury
Mercury's picture

Well, I suppose this is like saying that there's a conspiracy of Harvard grads to ruling the world....

Global Fiatmanation is more like it

Thu, 07/26/2012 - 11:49 | 2653389 FieldingMellish
FieldingMellish's picture

Yeah... piss off to the UK Carney and don't let the door slam you in your Goldman Sachs ass on the way out... fucker...

Thu, 07/26/2012 - 11:49 | 2653390 rlouis
rlouis's picture

The VAtican's Banker - back when scandal was all the rage....

Carlo Boroni should have seen the writing on the wall before he put his hand in the till.  During one of their initial confrontations, Sindona had shouted at him, “You will never be a real banker because not only are you unable to lie, you are also a man with principles.  You would never know how to use the valid weapon of blackmail!”


pg 112

In God’s Name  An Investigation Into the Murder of Pope John Paul I

By David A. Yallop

Bantam Books, 1984

Thu, 07/26/2012 - 12:04 | 2653465 azzhatter
azzhatter's picture

but....but...the olympics......bloody hell

Thu, 07/26/2012 - 12:27 | 2653550 JR
JR's picture

When Bloomberg likes a candidate to head the Bank of England it calls for some checking. And so we find the rising insider Tim Adams being used to complement Bloomberg’s choice of Mark Carney.

Adams is now managing director of The Lindsey Group, almost a satellite organization for the Federal Reserve.

Larry Lindsey himself, a former Fed governor, like Tim Adams, has been part of the George Bush inner circle with connections in the Reagan Administration financial positions, et cetera.

Adams’ resume includes the Export-Import Bank, U.S. Treasury, Office of Management and Budget, White House Policy Development and, of course, senior member of the Bush-Cheney Campaign, and chief of staff to both treasury secretaries O’Neill and Snow.

Other Lindsey Group resumes interweave the members with the White House, Harvard economics, the Bush-Cheney campaign, and of course, the Federal Reserve System.

Thu, 07/26/2012 - 12:29 | 2653556 Joe A
Joe A's picture

You may might as well apoint Gordon Gekko.

Thu, 07/26/2012 - 12:39 | 2653603 JR
JR's picture

By the way, this map is a mixed bag.

First, it is incredibly tragic to see the governments of the world falling like sheaves of wheat before the Goldman sickle.

But, second, how significant that, thanks to the courage and industry of forces such as Tyler Durden, the names and places of the enemy are identified…on the worldwide web…for all to see be they humble or be they great.

From these revelations, and photographs no less, surely we are on the path to unraveling the chokehold of the squid.

Thu, 07/26/2012 - 12:43 | 2653623 TheCanadianAustrian
TheCanadianAustrian's picture

Mark Carney is the Rudy Guliani of finance. He was in the right place at the right time during a disaster, and popularity fell into his lap. He owes all of his "success" to year after year of budget surpluses and aggressive payment of the national debt by Liberal governments of the 90s and 00s.

He's a Keynesian spawn, a protégé of Alan Greenspan.

Thu, 07/26/2012 - 13:39 | 2653806 robertocarlos
robertocarlos's picture

He recognized that Ottawa has far too many fancy lampposts and he decided to get out of town quick like.

Thu, 07/26/2012 - 14:37 | 2653985 AcidRastaHead
AcidRastaHead's picture

We'll see.  It's not conclusive just because England is desperate. So far he hasn't acted much like a Goldmanite but anything is possible.


Thu, 07/26/2012 - 15:14 | 2654070 shovelhead
shovelhead's picture

Squidliness is next to Godliness.

Goldman Sachs... Restoring banking reputations globally.

Thu, 07/26/2012 - 15:42 | 2654194 Bansters-in-my-...
Bansters-in-my- feces's picture

"Goldman,I mean Carney running Canada IS a scandal"

Thu, 07/26/2012 - 16:32 | 2654477 asteroids
asteroids's picture

Carney and the Bank of Canada spout the same lies/bullshit the FED and BLS. If things are soooo good in Canada, then why haven't emergency rates lifted?  Oh, I know, because the housing market would implode into a black hole sucking in half of Canadian homes. The BOE wants this asshat? Be my guest.

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