Quote:
Originally Posted by Acrylic-bob
I advised you to look at the people running your financial services sector and and their associations.
Entirely at random, and courtesy of Wikipedia, I looked at the Bank of Montreal (also known as BMO Financial Group). Apparently this has as it's CEO a chap called Bill Downe.
Nice chap, I'm sure, and just a tad older than me at 59.
Following the impressive tally of positions held within the Bank of Montreal there follows a list of Professional Associations
"Bill Downe is the only Canadian member of the International Business Leaders Advisory Council of the Mayor of Beijing, and he is a member of the International Advisory Council of Guanghua School of Management at Peking University. He is a director of Catalyst, and a member of Catalyst’s Canadian Board of Advisors. Mr. Downe is also a member of the Economic Club of Chicago and Past President of the Federal Reserve Board’s Federal Advisory Council."
It took me less than thirty seconds to find that out.
I would argue that if you looked at the other members of the FED's Advisory Council you would find the grasping fingers of Goldman Sachs, JP Morgan et al.
That was just an example chosen at random. I bet if you went through all the Schedule I banks you would find more than a coincidental relationship to G-Sachs and JP Morgan.
What does it mean? Perhaps, nothing at all. Perhaps they are all just good friends and simply play Golf together. Perhaps. But I wouldn't bet on it.
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You forget to mention that the present govenor of the Bank of Canada, Mark Carney, spent 13 years with Goldman Sachs ... not that it matters a hill of beans when it comes to doing the best for Canada. He has been credited with shielding Canada from the last financial crisis. He is the current chairman of the Finacial Stability Board ... another international link ... a recognition not only of his personal abilities as an economist (got his degrees at a place called Oxford, I believe), but also of the strength of Canada's financial institutions. Whichever way you look at the current international economic picture, we will survive better than most. Still, the biggest threat to the world economy is the mess that the Europeans have got themselves into ... the short term for which is "EU." Which probably means that those of you who belong to the "let's get out now" group are right, and that Cameron, Clegg, Milliband et al. ... and, yes, your own MP ... are dead wrong. In the long term, the best thing for the UK would be the disintegration of the European Union.