Goldman Strikes Again: Did A Probe Into “Global Warming” Fraud Cost A Prime Minister’s Job

When Tony Abbott became Australia’s prime minister in September 2013, the chain of events that would prematurely end his tenure may already have been in motion: just a few months later China would order its out of control shadow banking system to put on hold its debt issuance machinery, which as we reported a year ago, ground to a complete stop around November 2014 (which also was the explanation for the dramatic slowdown in the US economy over the winter as the collapse in China’s Total Social Financing growth sent a deflationary ripple effect around the globe), which – as we warned at the time – would have dire consequences on all of China’s “feeder” economies, namely Brazil and Australia.

But while we have been tracking the implosion of Brazil’s economy since December, long before the rest of the world noticed the calamitous collapse of what was once Latin America’s most vibrant economy, it was a very recent event in Australia – not the country’s parallel economic slowdown also due to China’s hard landing: that was painfully clear long in advance – that took many by surprise. Namely, the resignation of Tony Abbott almost exactly two years after becoming Prime Minister.

And while it is easy to blame his admission of failure on external factors, namely the Chinese slowdown, a very surprising finding has emerged over the past few days, one which reveals Abbott’s “ouster” in a totally different light.

According to Freedom of Information documents obtained by Australia’s ABC, now-former prime minister Tony Abbott’s own department discussed setting up an investigation into the Bureau of Meteorology amid media claims it was exaggerating estimates of global warming.

Yes, it appears that the prime minister himself had dared to question to prevailing status quo on “global warming.”

ABC reports that in August and September 2014, The Australian newspaper published reports questioning the Bureau of Meteorology’s (BoM) methodology for analyzing temperatures, reporting claims BoM was “wilfully ignoring evidence that contradicts its own propaganda.”

Naturally, the BoM strongly rejected assertions it was altering climate records to exaggerate estimates of global warming. Nevertheless, as the following document obtained by the ABC shows, just weeks after the articles were published, Mr Abbott’s own department canvassed using a taskforce to carry out “due diligence” on the BoM’s climate records.

As it turns out, late in 2014 the Australia government set up a taskforce to provide advice on post 2020 emissions reduction targets ahead of the United Nations Paris climate change conference in December 2015. The Department of Prime Minister and Cabinet originally wanted the taskforce to also conduct “due diligence to ensure Australia’s climate and emissions data are the best possible, including the Bureau of Meteorology’s Australian temperature dataset”.

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Greek debt crisis: Meet the Goldman Sachs banker who got rich getting Greece into the euro – Home News – UK – The Independent

If you thought the Goldman Sachs banker who did the deal to get Greece into the euro might have been chased out of the City of London, think again.

Antigone Loudiadis, more widely known as “Addy”, has been richly rewarded by the bank for her dealmaking prowess and now sits atop one of Europe’s fastest growing insurance companies, Rothesay Life.

The 52-year-old, who lives with her family in a vast stucco house in west London, was one of the brightest stars in Goldman’s Fleet Street headquarters.

While she lists her nationality as Greek, her education was as English as can be. Schooled at Cheltenham Ladies’ College, she went on to Oxford University before joining JPMorgan, and then Goldman, gaining partner status in 2000.

Goldman Sachs Manhattan headquarters Goldman Sachs Manhattan headquarters

Colleagues describe her as “fiercely clever”, although by some accounts, she was simply fierce. It is said some of her staff would pretend to be on the phone when she walked past them in the office to avoid her infamous rollockings.

Although her Continental twang remains hard to place, her fluency in Greek and strong connections in the country were instrumental in winning the lucrative mandate to create the financial deals that would flatter the country’s debts.

via Greek debt crisis: Meet the Goldman Sachs banker who got rich getting Greece into the euro – Home News – UK – The Independent.

More Banker Deaths: Gilligan at American Express, Noyce at Goldman Sachs, and 29-year-old Thomas J. Hughes

Governments, and the lamestream media, do not appear to be interested.

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I cannot help but be suspicious any more on all the bankers and financiers dying, even if they do so due to “natural causes.” Case in point here are the deaths, within this last week, of the President of American Express, and a key analyst for Goldman Sachs. Here are the stories:

Markets More: American Express Death American Express president Ed Gilligan has died

John Noyce, ‘Must Read’ Goldman Currency Analyst, Dies at 36

Now, so far, everything seems normal: Mr. Noyce had apparently been battling with cancer for some time, and Mr. Gilligan simply become “suddenly ill” on an airplane flight and expired. But again, these two unfortunate men appear to be part of that “pattern” that seems to be emerging with all the banker deaths. Here’s the way Mr. Gilligan’s death is being reported by Bloomberg:

“He became seriously ill on a flight home to New York this morning, the statement said.

“This is deeply painful and frankly unimaginable for all of us who had the great fortune to work with Ed, and benefit from his insights, leadership and enthusiasm,” CEO Ken Chenault said in the letter to employees.

“Our thoughts and prayers go out to his wife, Lisa, and their four children – Katie, Meaghan, Kevin and Shane. He was a proud husband and father, and his love for his family was evident in all that he did.”

And then in American Express’s own release:

“His contributions have left an indelible imprint on practically every area of our business, from Commercial Card and Travel to International, Consumer, Small Business, Merchant Services, Network Services and, most recently, the group forging our digital partnerships and driving payment innovations.”

So where’s the familiar pattern? Well, in Mr. Gilligan’s case, it is (1) in his popularity with employees, colleagues, and family, a feature that seems to recur with each such death; and (2) he was involved in aspects of the financial sector having directly to do with computers, electronic payments and clearing, and, in his case, “forging digital partnerships”, and driving “payment innovaitons,” language that at least to this amateur’s instincts sound all too like the formation of financial data cartels and trusts.

Then there is this about the unfortunate Mr. Noyce at Goldman Sachs:

“John Noyce, a technical analyst at Goldman Sachs Group Inc.’s London currency trading desk whose weekly report “The Charts That Matter Next Week” was widely followed, has died. He was 36.

“He died on June 4 after a long battle with cancer, Goldman Sachs wrote in an internal memo signed by Isabelle Ealet, Pablo Salame and Ashok Varadhan, co-heads of its securities unit.

“He was well respected by market participants for his insightful analysis,” they wrote. “On the trading floor, he was a trusted colleague and friend — demonstrated clearly by the overwhelming support he received from GS colleagues throughout his illness.”

via More Banker Deaths: Gilligan at American Express, Noyce at Goldman Sachs, and 29-year-old Thomas J. Hughes.