Joined: 25 Jul 2005 Posts: 16664 Location: St. Pauls, Bristol, England
Posted: Thu Dec 06, 2012 12:18 am Post subject: Dracula Mark Carney Bilderberg/Goldman Sachs run Britain too
What about this boy’s schmoozing with the Bilderbergers.
He’s been for the last 2 years, 2011 & 2012 and Bilderberg just held one of their lock down conflabs in Rome a couple of weeks ago where this appointment was almost certainly discussed. Looks likely Osborne got to know Carney through their mutual Kissingeresque Bilderberg participation.
All very well you may say but this group was founded by Prince Bernhard of the Netherlands, a former SS Nazi who lied time and again about his membership of the Nazi party in later life.
The “surprise” announcement that Canadian Mark Carney is to be appointed Governor of the Bank of England means that the 2012 Bilderberg attendee completes Goldman Sachs’ virtual domination over all the major economies of Europe.
Carney’s appointment has come as a shock to many who expected current BoE deputy governor Paul Tucker to get the nod, but it’s not a surprise for us given that we forecast back in April Carney would be headhunted for the position.
Carney is a former 13-year veteran of Goldman Sachs and was involved in the 1998 Russian financial crisis which was exacerbated by Goldman advising Russia while simultaneously betting against the country’s ability to pay its debt.
Carney’s appointment arrives just six months after he attended the 2012 Bilderberg conference in Chantilly, Virginia, an annual confab of over a hundred of the most powerful people on the planet who have routinely flexed their kingmaker status.
The Guardian reports that Carney is “largely unknown outside the cloistered circles of central bankers and financial regulators,” why is why his appointment came as a surprise to many, including JP Morgan’s Malcolm Barr who considered Paul Tucker to be a “shoo-in” for the job.
Carney’s status as a foreign national is cited as one of the reasons his selection came as a shock, but being Canadian he is after all a “subject” of the Queen of England, who confirmed his appointment after he was recommended to her by Prime Minister David Cameron.
The presence of Carney at this year’s Bilderberg confab undoubtedly helped him curry favor amongst the global elite and helped him to secure the position as Governor of the BoE, just as it has aided other luminaries in exalting them to higher office, such as Herman Van Rompuy, who was picked as President of the European Union just days after he attended a Bilderberg Group dinner meeting.
Carney’s ascension to BoE head also represents the final piece of the jigsaw puzzle in Goldman Sachs’ quest to control virtually every major economy across the European continent.
Last year, former EU Commissioner Mario Monti was picked to replace Silvio Berlusconi, the democratically elected Prime Minister of Italy. Monti is an international advisor for Goldman Sachs, the European Chairman of David Rockefeller’s Trilateral Commission and also a leading member of the Bilderberg Group.
“This is the band of criminals who brought us this financial disaster. It is like asking arsonists to put out the fire,”commented Alessandro Sallusti, editor of Il Giornale.
Similarly, when Greek Prime Minister George Papandreou dared to suggest the people of Greece be allowed to have their say in a referendum, within days he was dispatched and replaced with Lucas Papademos, former vice-President of the ECB, visiting Harvard Professor and ex-senior economist at the Boston Federal Reserve.
Papademos ran Greece’s central bank while it oversaw derivatives deals with Goldman Sachs that enabled Greece to hide the true size of its massive debt, leading to Europe’s debt crisis.
Papademos and Monti were installed as unelected leaders for the precise reason that they “aren’t directly accountable to the public,” noted Time Magazine’s Stephen Faris, once again illustrating the fundamentally dictatorial and undemocratic foundation of the entire European Union.
Shortly afterwards, Mario Draghi – former Vice Chairman of Goldman Sachs International – was installed as President of the European Central Bank.
The U.S. Treasury Secretary at the beginning of the 2008 financial collapse was Hank Paulson, former CEO of Goldman Sachs. When Paulson was replaced with Tim Geither, Goldman Sachs lobbyist Mark Patterson was hired as his chief advisor. Current Goldman Sachs CEO Lloyd Blankfein has visited the White House 10 times. Goldman Sachs spent the most money helping Barack Obama get elected in 2008.
Zero Hedge, who also predicted that Carney would defy the odds to secure the position at the Bank of England,notes today that, “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 the graphic below illustrates, the economies of France, Ireland, Germany and Belgium are also all now controlled by individuals who harbor a direct relationship with Goldman Sachs. The international banking giant, notorious for its corruption and insider trading, now has massive influence over virtually every major western economy on the planet.
Joined: 25 Jul 2005 Posts: 16664 Location: St. Pauls, Bristol, England
Posted: Thu Dec 06, 2012 12:40 am Post subject:
Those whom the gods would destroy, they first make mad. Although the aphorism is overused, it accurately describes the dog’s dinner that British leaders have made of their society in the last half century. A good example of what I mean is the news overnight that the British government has appointed Mark Carney the next governor of the Bank of England.
For anyone concerned for the British national interest, Carney has three strikes against him:
2. Goldman Sachs.
3. The Bilderberg group.
Let’s first consider his nationality: he carries a Canadian passport. Not a hanging offense, you might think, and the Canadian people, of course, fully deserve their reputation as more than averagely decent world citizens. The Canadian approach to financial regulation moreover has, as I have pointed out in a previous note, been a huge success. But here’s the thing: a clear majority of Britons want out of the European Union, and fundamental, quite tough and courageous decisions will have to be made in the next few years. More than ever, it is important that the loyalties of the governor of the central bank should not only be aligned with those of the British people but be unambiguously seen to be so. In the circumstances, a British passport would appear to be a minimal job requirement (as it always was in the bank’s previous history of more than three centuries).
Then there is Carney’s Goldman Sachs connection: he served the firm for 13 years in New York, London, Tokyo, and Toronto. Yes, things could be worse: he might have been a don in the Sicilian Mafia or a bagman for the Colombian drug cartel. But for anyone who knows how the world really works, a career of rising “success” in an outfit like the latter-day Goldman Sachs does not smell right. For nearly three decades now, Goldman Sachs has brazenly thumbed its nose at its previous reputation for probity: in plain language its ethos lately has been that anything goes, provided only you stay out of jail. Readers of the American and British press are aware of some of the problems. In the John Paulson affair, for instance, Goldman is on record as having defrauded its customers. Goldman Sachs’s flexible approach to ethics has also been central to the disasters that have befallen the citizens of Greece. To be fair, Carney has not been implicated in either the Paulson or Greek scandals. But, if Wikipedia is to be believed, he was on the scene in an earlier flap when in the late 1990s Goldman played a two-faced role in advising investors in Russian bonds. That said, what concerns me more than anything is Carney’s spell in Goldman Sachs’s Japanese branch. After 27 years of studying the Japanese financial system from a vantage point in Tokyo, I claim some expertise. Japan’s kyoiku mamas — education mothers — have long counseled their sons that gentleman do not take jobs in the Tokyo securities industry. Thus recruiters from firms like Nomura, Daiwa, and Sumitomo’s Nikko subsidiary have long had to scrape the bottom of the educational barrel. What is less well known is that foreign securities firms in Tokyo rank even further below the salt than their Japanese counterparts. They do the work that even the Japanese securities firms consider beneath them. Ethical Western investment bankers posted to Tokyo are often appalled by what they are expected to do and want to take the first plane out. Perhaps Carney was too — but there is no record of this.
Then there is Carney’s Bilderberg connection. Founded in the Netherlands in the 1950s, the Bilderberg Group is ostensibly merely a top careerist’s mutual aid society –nothing more than the Freemasons on steroids. Carney is officially acknowledged to have attended the most recent Bilderberg meeting, which is interesting as the British finance minister George Osborne, who appointed him to the Bank of England job, is an avid Bilderberger.
For the British national interest, there is more here than mere mutual back-scratching. The Bilderberg group was founded by Prince Bernhard of the Netherlands, a German-born erstwhile Nazi noted throughout his life for his “everything is relative” approach to ethics. The group’s main aim in its early years seems to have been to rehabilitate Germany and to this day the group is viewed in Europe as a tool by which a crypto-mercantilist “Germany Inc” promotes the careers of those it smiles on. Basically you are received into the Bilderberg group if the powers that be in Berlin, Munich, and Stuttgart consider your views helpful to the German national interest. The trouble is that Germany’s advantage very often proves to be someone else’s disadvantage.
Joined: 13 Sep 2006 Posts: 2562 Location: One breath from Glory
Posted: Tue Dec 18, 2012 12:28 am Post subject:
Goldman Sachs fingered by this Trader on BBC a year ago (apologies if posted before)
Link _________________ JO911B.
"for we wrestle not against flesh and blood but against principalities, against powers, against rulers of the darkness of this world, against wicked spirits in high places " Eph.6 v 12
CP: Sure. Central banks that want to support their currencies — and support the US dollar in particular — want to control interest rates and government bond prices, so they intervene in the gold market by selling their gold outright, by leasing it into the market through bullion banks and the Bank for International Settlements (BIS) and by swapping it to other central banks that will be doing these sales or leases. They also sell gold options and futures contracts through the BIS. They do a lot of shorting of gold to control the price.
GIN: Who is involved in this manipulation scheme?
CP: I think all the major western central banks are at least aware of it and are cooperating, if not participating. I think all of the western central banks that were identified openly as being part of the London gold pool in the 1960s are certainly cooperating with it. Though I think the major ones lately have been the US, the Bank of England and the Bundesbank. But I think any central bank that has been identified as having swapped or leased gold is a participant.
GIN: So, you’d say that the gold cartel is composed of central banks?
CP: It is a central bank scheme, but they operate very often through agents like bullion banks, JPMorgan Chase & Company (NYSE:JPM) and HSBC. The BIS in Basel, Switzerland conducts much of the gold trading for the western central banks. So certainly the BIS is an agent as much as the bullion banks are.
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.
Mark Carney, economic disaster zone to the BoE (05Feb12)
The new Bank of England governor Mark Carney’s motto is ‘learn, earn and serve’. Photograph: Chris Wattie/Reuters
Mark Carney, the Canadian banker hand-picked by chancellor George Osborne to take the reins at the Bank of England has a life motto: "Learn, Earn, Serve". And so far, it has all gone exactly to plan.
So important was learning that as an 18-year-old he left his home country and enrolled at Harvard, then Oxford, twice, once for a masters and back a few years later for a PhD. One don who taught Carney still has one of his essays tucked away in a filing cabinet: because he rated it so highly, he took a photocopy. One of the examiners of Carney's doctoral thesis in 1995 was John Vickers (now Sir), who ran the Independent Commission on Banking. Little can he have imagined that less than 20 years later he would be competing against – and losing out to – this promising student for the job of governor of the Bank of England.
The earning years were – naturally – at Goldman Sachs, where he was marked out as one of the very highest flyers while working in London, Tokyo and New York. The switch to public service – and the public profile that brings – came with a move into central banking, first as deputy and then as governor of the Bank of Canada, in a spell that included the global financial collapse.
Canada came through the turmoil in far better shape than many and Carney's role during the crisis, and as chairman of the international Financial Stability Board, the central bankers' club which is rewriting the rules of banking in the wake of the meltdown, marked him out, according to Osborne, as "the outstanding central banker of his generation".
Serving, however, has not put an end to Carney's earning power. Using the hard-nosed negotiating skills learned on Wall Street, he secured a pay package to move to London of £874,000, including a £10,000-a-month housing allowance – nearly three times the salary of outgoing Bank of England governor Sir Mervyn King.
On the first day in his new job, 1 July, which happens to be Canada Day, Carney will arrive in a very different workplace from the one he has just left. In the 70s-era glass and slate foyer of the Bank of Canada, opposite Ottawa's green-roofed mock baronial parliament buildings, instead of the august and gloomy hush that greets visitors to the Bank of England, there is a cheerful buzz as staff arrive back from lunch clutching giant coffee cups, joshing and planning their weekends. Some are even wearing trainers or jeans, unheard of in the hallowed corridors of the Bank, where new arrivals are detained at the door by pink jacketed, top-hatted flunkies. The pavements outside in Ottawa are dotted with tourists, instead of the sharp-elbowed City workers of the Square Mile.
It's not just the BoC's relative youthfulness – at 78 a mere stripling next to the 318 years of the Old Lady of Threadneedle Street – that explains the lack of haughtiness here. Close observers of Carney's five years in charge (it was meant to be seven, until Osborne made him an offer he couldn't refuse), say his leadership style has been instrumental in transforming its culture.
One of Carney's first acts when he arrived, in the teeth of the worldwide financial crisis in February 2008, was to insist that senior staff were issued with Blackberrys – anathema to his predecessor, David Dodge. Staff soon realised why: even the lowliest number-cruncher could expect to receive sudden email requests for information or analysis. "He just collapsed the hierarchy," one insider recalls.
Surprise candidates who clinch top jobs are often said to have "come from nowhere" but for the driven 48-year-old, it is almost true. Fort Smith, where Carney spent the first six years of his life, is a tiny town of fewer than 2,500 people, way up in Canada's north-west, more than 600 miles from the nearest city, Edmonton.
He may have taken his first degree at Harvard, his doctorate at Oxford, and acquired the carefully-groomed air of a Goldman Sachs banker, but friends say his formative years in the back of beyond still matter. "His roots govern his perspective of the little guy, of the common person. Is he urbane? Yes. Is he urban? Yes and no," says Mel Cappe, professor of public policy at the University of Toronto, and a former secretary of cabinet, who knows Carney well.
The family (his parents were teachers) moved to Edmonton, in oil-rich Alberta, where Carney attended the Catholic St Francis Xavier high school. He is still a fan of the local hockey team (don't say "ice hockey"), the Edmonton Oilers. Westerners, as people from this part of Canada are known, pride themselves on being self-reliant outsiders. When the federal government made a grab for a larger share of the region's oil revenues during Carney's teenage years, in a bid to cap prices for energy users across Canada after the Middle East oil crisis, a favourite local bumper-sticker read, "Let Those Eastern b****** Freeze in the Dark".
Perhaps it is a residual memory of this deep suspicion of federal interference that has encouraged Carney to make communicating with the public central to his job. Indeed, so keen is he on making himself understood in England that he is bringing his own press spokesman with him from Ottawa.
As governor of the Bank of Canada, Carney has travelled far and wide across the vast country to try to justify his policies to ordinary people – and observers say this ability to explain comes from that upbringing out west. "He's very good at making monetary policy make sense for citizens," says Scott Brison, economic spokesman for the Liberal party – known as "finance critic" – and , a personal friend of Carney's.
A sojourn in Brison's cottage in Nova Scotia fuelled speculation that Carney might be flirting with a move into politics – something many believe is still likely, since he has made clear he only wants to stay in England for five years, instead of serving a full eight-year term.
"I think he definitely took a look at whether he wanted to take a run at being the leader of a political party, and maybe the prime minister, and I don't think you can rule out political aspirations of some kind in the future," says Ted Carmichael, managing director for strategy at the giant Canadian pension fund OMERS, and a former chief Canadian economist for JP Morgan.
Carney arrived at the Bank of Canada as a relative unknown. "He kind of came out of the blue here. There was this vacancy at the Bank of Canada, and this guy nobody had ever heard of got it," says Carmichael. It came about after he had been spotted by Dodge. There was a plan to privatise Ontario's hydroelectric power generator, Hydro One, and Goldman Sachs had sent its savviest, most impressive young Canadian up to Toronto to try to clinch the deal. The privatisation never came off, but Carney had made his mark in the minds of the public officials who met him.
When the deputy governorship of the Bank came up in 2003, he applied, and got the job. Soon afterwards, he moved over to the finance department, the equivalent of the Treasury, to become the brightest of its bright young men.
Peter DeVries, a long-time senior civil servant who saw him at close quarters at that time, recalls: "I guess when he first arrived, a lot of us were just taken aback by his brilliance. He became the go-to guy when people were looking for a solution. You would have 20 people in the boardroom and everyone would wait for him to clear his throat."
That picture is echoed repeatedly in Canada's close-knit policymaking circles, where Carney is proudly, and affectionately, referred to as a "rock star".
"There are few rooms he's going to walk into where he's not the smartest guy in it," says Don McCutchan, a former senior finance department official, now at Toronto law firm Gowlings. "Mark Carney is a very strong personality: he tends to dominate a room," agrees Carmichael.
By the time Dodge's term was nearing an end, in early 2008, few in the financial markets had any illusions that the turmoil in financial market, that had already been raging for months, would get far worse. The job was widely expected to go to a senior insider, Paul Jenkins. But crucially, Carney was regarded as possessing the financial nous that would be necessary as the shockwaves from the US sub-prime crash spread.
Dodge had already cut interest rates once before he stepped down, but during Carney's first few months in office, he slashed them to record lows, and pumped unprecedented liquidity into the financial system to stabilise the banking sector. Helped by its massive oil and gas resources, Canada suffered a short, shallower recession, instead of the deep downturn that is still hobbling most major economies.
Paul Martin, the Liberal finance minister from 1993 to 2002, and later prime minister, says: "He was a very strong central bank governor. He had a lot of experience, he had the skills, and he was an excellent communicator."
Throughout the downturn and the recovery, Carney has used communication aggressively in a bid to make monetary policy more effective. In 2009, just as the economy started to recover and markets and mortgage-borrowers feared that rates were about to rise, he committed the Bank to keeping them low for another 12 months – barring a surge in inflation.
Carney has since been a strong advocate of such "forward guidance", as a way of preventing borrowing costs across the economy from shooting up as investors bet on a rate rise. Osborne, presumably under the influence of Carney, has offered the Bank of England the opportunity of adopting the same approach.
"I think it helps," says Craig Wright, chief economist at Royal Bank of Canada. "At a minimum it sends signals to the markets that the Bank's not going to turn on every wiggle in the data. It also sends a message to consumers and businesses. I think that makes sense in the UK environment."
As well as using new tools in monetary policy, Brison says Carney's ability to stand toe to toe with bankers has been critical. "Mark has the economic background; but also he has personal understanding of the industry. He has peer-to-peer credibility with some of the top bankers in the world. There's a language; there's a cadence."
In his international role, as chairman of the G20's Financial Stability Board, he has not only been a strong advocate of tighter regulation, but notched up a furious shouting match with JP Morgan boss Jamie Dimon. Perhaps not surprisingly, given how fast he has risen, Carney has a steely side: several people remembered being warned off disagreeing with him. And he had that life-plan from a relatively early age. "I have heard him say 'learn, earn, serve,'" says Brison. "He is someone who chooses public service: he is not a materialistic guy."
In other words, the young Carney set himself the deliberate aim of making big money early in his career, so that he could go into public service later. That's an idea corroborated by his doctoral supervisor, Margaret Meyer, who recalls that as a postgraduate student at Nuffield College, Oxford – after his first stint at Goldman Sachs – he already had a plan to take up a policy role. Like many who came across the young Carney, Meyer remembers being impressed. "What really distinguished Mark Carney from other students was his intellectual versatility and the rapidity with which he was able to get up to speed with new approaches and new techniques. He has a very agile mind".
Carney's British-born wife, Diana, an economist whom he met at Oxford, is also a policy wonk. She worked at the Department for International Development and the Overseas Development Institute thinktank before moving to Canada. More recently, she has worked at the progressive thinktank Canada 2020, speaking out on political issues such as rising income inequality.
The Carneys have four young girls, and while many acquaintances seem to rack their brains when asked what the smartest guy in the room he does for fun ("he'll have a pint and a plate of nachos like the rest of us" was the best one colleague came up with; an Ottawa neighbour mentioned super-fast jogging), he is by all accounts an enthusiastic dad. One fellow member of the Five Lakes Fishing Club, in the wilderness of the Gatineau Hills outside the capital, says affectionately that his most vivid picture of the central bank governor is of him "standing there in his swimming trunks, holding up his three-year-old daughter … Mark and his women".
It's hard to imagine someone with so much evident self-confidence managing to remain quite so well liked as Carney is by the easy-going Canadians; but Ed Clark, chief executive of TD, one of Canada's largest banks, who knows him well, says he can do self-effacing if he needs to. "He's going to get the lie of the land, he's going to listen to people, he's going to have to figure out what's politically possible. You'll be surprised how quickly he comes out and says, 'I'm not God: I'm an above-average guy.'"
Mark Carney an important hub of a Swiss, Goldman Sachs, Templar government.
As in Greece, the Labour and Conservative UK parties are now so close as to be an undeclared coalition.
Lord Bell said on Newsnight last night that we have a healthy honest political class in Britain.
That went totally unchallenged, ridiculous.
But then I suppose he is a professional liar.
That fact was not mentioned either by the untrusty BBC team. _________________ --
'Suppression of truth, human spirit and the holy chord of justice never works long-term. Something the suppressors never get.' David Southwell
Martin Van Creveld: Let me quote General Moshe Dayan: "Israel must be like a mad dog, too dangerous to bother."
Martin Van Creveld: I'll quote Henry Kissinger: "In campaigns like this the antiterror forces lose, because they don't win, and the rebels win by not losing."
was - Printing Money
became - Quantitative Easing
now - Term Funding Scheme
They got Windscale Sellafield syndrome BAD
Which is hardly surprising since Mark Carney (same age as you) chaired the BIS regulation committee which facilitated the 2008 heist in the first place
BIS: Financial Stability Board - policymaker
BIS: Committee on the Global Financial System - regulator
Goldman Sachs (1990-2003)
Joined: 25 Jul 2005 Posts: 16664 Location: St. Pauls, Bristol, England
Posted: Wed Jun 19, 2019 12:00 am Post subject:
Carney's replacement revealed
What impact would the choice of Boris Johnson as Prime Minister have on the selection of the next governor of the Bank of England?
If Johnson wanted a Brexiteer he could turn to his former chief economic adviser Gerard Lyons, a veteran of Standard Chartered. It would probably be curtains for Remain supporter and chairman of Santander Shriti Vadera.
Johnson may plump for former IMF economist Raghuram Rajan, the Chicago monetarist increasingly seen as best qualified.
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