– On The Goldman Path To Complete World Domination: Mark Carney On His Way To Head The Bank Of England? (ZeroHedge, April 17, 2012):
Back in November we penned “The Complete And Annotated Guide To The European Bank Run (Or The Final Phase Of Goldman’s World Domination Plan)” in which we described what the long-term reality of Europe, not that interrupted by the occasional transitory LTRO cash injection and other stop-gap central bank measure, would look like. And yet there was one piece missing: after Goldman unceremoniously set up its critical plants in Italy via Mario Monti and the ECB via Mario Draghi, one key target of Goldman domination was still missing. The place? Why the center of the entire modern infinitely rehypothecatable financial system of course: England, which may have 1,000x consolidated debt/GDP, but at least it can repledge any asset in perpetuity thus giving the world the impression it is solvent (no wonder AIG, MF Global, and now the CME are scrambling to operate out of there). Which is why we read with little surprise that none other than former Goldmanite, and current head of the Bank of Canada, is on his way to the final frontier: the Bank of England.
Mark Carney, the governor of Canada’s central bank, has been informally approached as a potential candidate to replace Sir Mervyn King as head of the Bank of England in June next year.
One of the world’s most respected central bankers, Mr Carney, 47, now heads the Financial Stability Board, which oversees global financial regulation. He was approached recently by a member of the BoE’s court, the largely non-executive body that oversees its activities, according to three people involved in the process.
Far more importantly, Carney was a 13 year veteran of Goldman Sachs, most recently and very appropriately co-head of sovereign risk, which is ironic considering that Goldman had a grand rehearsal for the Greek currency swaps fiasco precisely with Carney at the helm in 1998, when Goldman got into hot water for the first time because while the company was advising Russia it was simultaneously betting against the country‘s ability to repay its debt. Sounds like yet another man doing the will of god: it is only fair he be promoted to run world banking capital.
More from the FT:
Very rarely are national central banks headed by foreign citizens, with a notable exception being Stanley Fischer, the American appointed as Israel’s central bank governor in 2005. Naming a foreigner as governor of the 318-year-old central bank would break with tradition, although Mr Carney has a British wife, studied at Oxford university, and worked at Goldman Sachs in London early in his career. “As a Canadian national he is a subject of the Queen,” said one supporter. “That is important.”
And most importantly, we can now update the map of Goldman conquests so kindly put together by The Independent last year, from this:
to this:
