Monday, November 26, 2012

Former Goldman Sachs Man to Head Bank of England

The new governor of the Bank of England will be Mark Carney, currently governor of the Bank of Canada. Carney is to take over for Mervyn King in June, when King’s term ends.

The announcement was made by the UK's Chancellor of the Exchequer George Osborne. The announcement is viewed as something of a surprise, given that he is a Canadian. But the important bankster pedigree is there: Many years at Goldman Sachs.

Carney spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices. The senior positions he held at GS included co-head of sovereign risk; executive director, emerging debt capital markets; and managing director, investment banking. He worked on South Africa's post-apartheid venture into international bond markets, and was involved in Goldman's cute work with the 1998 Russian financial crisis.

Goldman's role in the Russian crisis was criticized at the time because while the company was advising Russia it was simultaneously betting against the country's ability to repay its debt. Oh yeah, Carney is perfect for BOE money manipulations.

Carney is a member of the Group of Thirty and of the Foundation Board of the World Economic Forum. In 2012, Carney attended the 60th Bilderberg Group meeting in Chantilly, Virginia.

Bottom Line:Carney is an elitist operative to the core. With his crony credentials, he could have currently been managing a bodega in Tuvalu and still be considered qualified by the elitists to run the BOE.

1 comment:

  1. Does anyone have a link to more information on GS involvement in Russia?