Even The Mail Is Warning Us About Goldman Sachs.

MailHow refreshing to read something in the Mail that makes you think they actually employ real journalists. The problem is of course that so much of their editorial is highly spun propaganda, that an article like this gets over looked, or even deleted.

Much of the alternative media, including us, have been warning about the financial take over of the world by Goldman Sachs for sometime, but it has largely been ignored by the globalist controlled MSM. You can read our previous posts here:

https://wakeuptothematrix.wordpress.com/2012/04/18/goldman-sachs-rules-the-world-bank-of-england-next/

https://wakeuptothematrix.wordpress.com/2013/05/02/hmrc-let-goldman-sachs-off-20000000-tax-bill/

https://wakeuptothematrix.wordpress.com/2013/02/07/goldman-sachs-finally-acts-to-take-over-the-bank-of-england-mark-carney/

https://wakeuptothematrix.wordpress.com/2013/08/07/governor-of-the-bank-of-england-mark-carney-shows-whos-boss/

Just remember the famous quote by Mayer Amschel Bauer Rothschild “Permit me to issue and control the money of a nation, and I care not who makes its laws!”

I found it quite funny today hearing the news that the National Audit Office are now saying that the Government (Vince Cabal Cable) under sold Royal Mail so much that British taxpayers lost hundreds of millions of pounds.  In setting the price for the sell off, Vince Cabal Cable sort advice from the investment bank Lazard, who received £1.5 million for its advice. Also with their snouts in the sell off trough were UBS, Goldman Sachs, Barclays and Merrill Lynch, with total the total fees coming to about £12.7 million.

Anyway, back to the Mails article. We are re-publishing it here, just in case it vanishes into the black hole of truth censorship.

How the vampire squid is controlling our lives: They helped cause the crash. Then profited from it. Now, from the Bank of England to the Fed, ex-Goldman Sachs chiefs are pulling the levers of power.

By ALEX BRUMMER

Amid the recent management shake-up at the top  of the Bank of England, as  it was dragged into the investigation of the alleged fixing of the £3 trillion-a-day foreign-exchange markets, one crucial appointment went almost unnoticed.

While public attention was understandably focused on an Egyptian-born mother of twins becoming only the second female deputy governor of the bank, the far more influential appointment was that of economist Ben Broadbent.

As the new deputy governor for monetary policy, he is now the predominant voice on the future direction of interest rates.

Ben Broadbent, the Bank of England's new deputy governor for monetary policy

 

His work will have a huge effect on the lives of the British people, for he will have a key role in deciding when the record five years of super-low mortgage rates will end — a decision that will inevitably lead to home-owners facing considerably bigger monthly bills.

But there is one crucial fact that should concern us about the Cambridge and Harvard-educated Broadbent: he spent a decade during the boom-and-bust years as the senior economist at the global headquarters of the investment bank Goldman Sachs.

He joins an elite few who hold senior positions in the world’s most powerful central banks — from London to New York, Frankfurt and beyond — and all of whom come from this one company, which was controversially described by Rolling Stone magazine as ‘a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money’.

The fact that so many alumni of the world’s most profitable — as well as most ruthless and cunning — investment bank wield such a level of influence in these central banks is nothing short of remarkable.

Because Goldman Sachs is an institution that, as I will explain, not only helped cause the financial crisis in 2008, but also profited from it — hugely enriching its own staff while leaving a trail of chaos for taxpayers to clear up.

Do we really want one of the most controversial financial institutions on the planet, which was eventually fined a record £343 million for shamelessly misleading investors during the crisis, to have so many of its ex-staff holding the levers of power in the City of London?

What makes the choice of Broadbent an issue of major public concern is that his period at Goldman saw the New York investment firm deeply embroiled in some of the most shocking financial scandals of  recent years.

First, there was the crisis triggered by the sub-prime mortgage disaster, when vast quantities of loans were made by U.S. banks to homeowners who could never pay them back.

This reached disaster point in 2007-8, once the loans had been sold on by banks and institutions around the world — by which time they had been packaged up as financial instruments or ‘derivatives’ so complicated that no one could tell how toxic they were.

Goldman Sachs played a key part in inventing these poisonous derivatives, which were a major factor in triggering the financial crisis.

But even more morally offensive was that once people finally began to realise how dangerous these derivatives were, Goldman Sachs started making money by speculating in the market that they would collapse in value.

So not only did the bank help create the crisis, it also profited from it.

article-0-0CB8F045000005DC-231_634x422 (1)

 

It was the same Goldman Sachs that, during the financial crisis in 2008, when, like all financial institutions, its shares were falling, accepted a $10 billion bailout from the U.S. government.

Handily, many of its former staff — such as Hank Paulson, who was then U.S. Treasury Secretary — happened to be in key posts in the government when the decision was made.

Then there is the fact that Goldman Sachs reportedly arranged with the Right-wing Greek government to present the national accounts in the best possible light so that Greece could join the Eurozone in 2001. The bank was subsequently involved in elaborate schemes that masked the true horror of the country’s public debt crisis, which saw Greece having to be bailed out by the EU and left in economic ruins.

Despite this, Goldman bosses were able to pick up $111 million in bonuses soon afterwards, which were understandably branded an outrage as they were awarded during the worst recession for 80 years — one that had mainly been caused by irresponsible bank behaviour.

'A vampire squid wrapped around the face of humanity, jamming its blood funnel into anything that smells like money' - Matt Taibbi in Rolling Stone

‘A vampire squid wrapped around the face of humanity, jamming its blood funnel into anything that smells like money’ – Matt Taibbi in Rolling Stone

 

Influence in high places, though, did not stop Goldman from being heavily fined by the Wall Street regulator, the Securities & Exchange Commission (SEC), in 2010 for selling dodgy complex securities, based on sub-prime mortgages, to clients including the hapless Royal Bank of Scotland.

What makes the behaviour of Goldman Sachs so shameless is the arrogance with which it has sought to protect its reputation and the claims its bosses like to make for  its integrity.

The group’s chairman and chief executive, the smiling and fast-talking former trader Lloyd Blankfein, stunned everyone last year when he offensively boasted — amid Goldman’s return to fat profits — that the bank was doing ‘God’s work’.

Perhaps it is this arrogance that enables former Goldman executives, such as Ben Broadbent at the Bank of England, to rise ineffably to the very top jobs in international finance.

With the approval of Chancellor George Osborne, 49-year-old Broadbent was plucked from his relatively obscure role as an external member of the Bank of England’s Monetary Policy Committee and promoted over the head of the Old Lady’s best and brightest internal prospects.

His elevation to the top economic role at Britain’s central bank means he will now be making the crucial interest rate, inflation and growth forecasts for the Bank’s quarterly Inflation Report — on which key decisions are made that affect millions of people.

Broadbent’s promotion must have seemed the most natural thing in the world to the Bank of England’s Canadian governor Mark Carney.

Carney, after all, is himself an Old Goldmanite and a member of the most exclusive club in world economic policy-making — much more influential than David Cameron’s kitchen cabinet of Old Etonians.

Carney spent the largest stretch of his career — from 1990 to 2003 — working for Goldman Sachs in Tokyo, New York and London.

Bank of England Governor Mark Carney spent the longest stretch of his career working at Goldman Sachs

The chairman of the European Central Bank, Mario Draghi, arguably the most powerful figure in European finance, is another former Goldman Sachs banker

Alumni: Bank of England Governor Mark Carney, left, spent the longest stretch of his career working at Goldman Sachs. The chairman of the European Central Bank, Mario Draghi is another former Goldman Sachs banker

 

The choice of Goldman bankers for senior roles at the Bank of England  is a novel development for an institution that has always frowned on any suggestions of dual loyalty or conflicts of interest.

When Gordon Brown was Chancellor (from 1997 to 2007), he steadfastly refused to appoint the person many regarded as the most talented economist of his generation, Gavyn Davies, as governor of the Bank of England.

Brown feared a political backlash because of Davies’s role as the millionaire chief global economist at Goldman Sachs, and the fact that his wife, Sue Nye, was a special assistant to the Chancellor.

However, despite 13 years in a variety of roles at Goldman, and a successful stint as governor of the Bank of Canada, Carney was given not only the Bank of England role but also the job of chairman of the Financial Stability Board.

This is the body established by the G20 committee of rich and emerging market nations to try to reform global banking — including the rapacious bonus culture — in the aftermath of the 2007-9 credit crunch.

Indeed, Old Goldmanites seem to be everywhere. When Broadbent and Carney meet fellow central bankers, there will be a number of familiar faces around the table.

The Goldman Sachs booth at the NYSE: The banks culture of ever-more complex securities and trades was at the core of the financial crisis

The Goldman Sachs booth at the NYSE: The banks culture of ever-more complex securities and trades was at the core of the financial crisis

The chairman of the European Central Bank, Mario Draghi, who is credited with rescuing Euroland from total implosion with his promise to do ‘whatever it takes’ to save the euro, is another former Goldman Sachs banker.

Arguably, he is the most powerful figure in European finance, having forced Euroland interest rates down to rock-bottom levels and bought the government bonds of Europe’s struggling ‘Club Med’ economies before exchanging them for cash.

He is now trying to tackle Europe’s near-bankrupt banking system.

In the U.S., there is the amiable Bill Dudley, the former head of U.S. economics at Goldman, who is now president of the Federal Reserve Bank of New York, the operating arm of America’s central bank.

Goldman boss Lloyd Blankfein once explained to me that one of the advantages of paying Goldman Sachs’s bankers so lavishly — they sit at the top of the bankers’ pay league — was that the ‘partners’ can retire young and very rich, and then go off to jobs in the public service.

There is, however, a deeply disturbing paradox in the fact that Goldman bankers are now effectively running the world’s monetary system.

The Goldman culture of creating ever-more complex securities and trades, coupled with absurdly high pay and bonuses as incentives for the bank’s workforce, were at the very core of the financial crisis that brought the world to the brink of economic collapse and led to a long period of painful austerity.

None of these former Goldman economists and executives, who are now the overlords of the global economy, seems to have predicted the fact that the world was sitting on a financial time-bomb.

It seems very strange that when there are so many talented economic thinkers, Nobel prize winners and lifelong central bankers to be called upon, it is nearly always Goldmanites that carry off the plum jobs.

Allowing such a cultish group to control the levers of global finance shows, I would suggest, a worrying lack of imagination and judgment by the ruling class of politicians that appointed them.

The concentration of such huge economic power in the hands of a small cabal of economists and financiers, drawn from such a narrow pool of interests, is deeply unhealthy.

However honourable the motives of this group, there remains a fear that when the next crisis comes — as it inevitably will — their concern to protect their cronies in the banking world will take precedence over their responsibility to look after the long-suffering public.

Read the original article here.

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Governor Of The Bank Of England Mark Carney Shows Who’s Boss.

Bank of englandMark Carney, President of UK PLC, sorry new Canadian Governor of the Bank of England has laid down his first dictum to control and squeeze us, in line with the wishes of his globalist masters, in his first presidential address.

Mr Carney, has decreed that interest rates will remain low until unemployment falls to below 7 %. Now the Globalists have officially taken control of the Bank of England, along with the Federal Reserve, the bankers are now openly dictating economic policy for the UK.

Now call me an old cynic, but I remember the good old days when the Government steered the economy, but since the “Trojan Horse” new labour government allowed the bankers to totally take over the UK, we are already just part of the Globalist run “New World Order” with a puppet government in place to placate us and divert our attention from what is really happening. Gordon “bigoted woman” Brown, apart from almost giving away half of the UK’s gold reserve, handed over power to set interest rates to the very people who will profit most.

So what does low interest rates really mean? Well, it’s worth pointing out that the low interest rates only really affects savers. Whereas a few years ago it was normal to get 6 or 7% for normal savings, you now get 0.5%. So, who wins, the bankers of course. You give then £1000, they pay you £5 instead of £70 per year. Using that wonderful trick of fractional reserve lending, they can lend £10,000 on the strength of your £1000, and then charge whatever interest they decide, but it certainly won’t be 0.5%. So lets say they charge 5% on the £10,000 for 1 year.
Remember, you gave them £1000, which will cost them £5. They lend £10,000, of which £9,000 is made up out of thin air, they make £500 in interest, plus they get back £10,000 making a total of £10,500. You take back your £1000, they pay you £5 in interest, and earn £9495.

Yes, they have created £9495, and it’s cost them £5. No wonder Fred Carney wants to keep interest rates low. (did I really type Fred Carney, oops, bit of a Freudian slip.

It is fair to point out that that is a deliberately simplistic example of banking. It is in truth far more complex, and their ability create wealth out of your suffering is without limits. Money is in fact nothing more than debt. A bank note is only a promissory note to pay something that doesn’t exist.

Happy days.

Goldman Sachs Finally Acts To Take Over The Bank Of England. Mark Carney.

Bank of england
As we correctly stated last April, see here for details, Canadian banker Mark Carney is to take over as Governor of the Bank of England. The dear old lady of Threadneadle Street is to be run by a Canadian, what ever is the world coming too.

Well, it’s all part of the global financial plan, now running at full speed. Although never publicly stated, the Bank of England is controlled by the Rothschilds, as is the Federal Reserve in the US, so they have total control over our money supply. By installing Goldman Sachs man Carney, it’s just making it a bit more public.

Currently Governor of the Bank of Canada, and Chairman of the G20 “Financial Stability Board”, he is to get a £800,000 package for creating money out of thin air, and guiding the UK through the rest of the financial crisis his chums created.

You couldn’t make it up could you.

Goldman Sachs Rules The World; Bank of England Next

It looks like the planned take over of the worlds finances by Goldman Sachs is nearing completion. I’ve just read this interesting piece on Press TV. Of course Mark Carney is denying the reports, but he would say that wouldn’t he.

 

Before we get to the article, let me remind you that the first major decision made by Chancellor Gordon Brown in 1997 was to hand over the power to set interest rates from the elected government to the Bank of England. Oh yes, he also sold 395 tons of the UK’s gold reserves for between $256 and $296 an ounce. Gold is currently trading at about $1640 an once. Work it out for yourself. Thanks Gordon, you served your masters well.

Press TV By Paul Joseph Watson, Infowars.com

Speculation that Canadian Central Bank head Mark Carney has been tapped to become the next Governor of the Bank of England brings with it the possibility of virtually complete domination of Europe by Goldman Sachs – the very same financial terrorists who helped cause the economic collapse in the first place.

“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,” reports the Financial Times.

“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.”

Carney is also a 13-year Goldman Sachs veteran 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.

Although the appointment would see the highly unusual precedent of a foreigner heading up the 318-year-old central bank, according to one observer, “As a Canadian national he is a subject of the Queen…That is important.”

Carney’s possible ascension to become the next BoE head, although denied by the Bank of Canada, would be the cherry on the cake for Goldman Sachs’ financial overthrow of Europe in their bid to exploit the financial crisis to centralize power into an EU superstate.

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.

As the graphic below illustrates, the economies of France, Ireland, Germany and Belgium are also all now controlled by individuals with a direct relationship with Goldman Sachs.

Dominion over virtually all of Europe’s major economies, as well as the United States, by one international banking giant, notorious for its role in corruption and insider trading, is now almost complete.

Goldman Sachs rules the world.