The Biggest Financial Fraud In History Receives Scant Media Attention?
~ The Rebel ~
2012/07/10 23:18:26
The chances
are good that if you ask someone on the street what LIBOR is, they would guess
it to be an obscure country in Africa. The reality, of course, is that LIBOR is
something that affects everyone, to the extent that it “sets” the interest rate
you’ll be paying for your mortgage, car loan, credit cards, and the rate of
return you’ll receive on your pension, 401K, savings and all financial
instruments. In total, it establishes the pricing of financial products across
the world to the tune of up to $800 trillion. Trillion.
We are now finding out that the entire system has been rigged, enriching the “elect” and financially looting the rest. If you are reading this, you have been robbed, although the corporate media remains silent about who robbed you, how it was done, and which government and non-government officials were complicit and benefited. Why? Perhaps the most compelling reason is that when the “average” person learns the depths at which corruption exists between the various banks, governments and government officials, there will be a revolution like the world has never seen. Additionally, they too, along with many elected and appointed officials, have aided and abetted the fraud. Yes, it’s that bad, and it’s about to break wide open.
LIBOR is an acronym for the London Interbank Offered Rate, which is the average interest rate set by a group of international banks and charged by and between banks.
are good that if you ask someone on the street what LIBOR is, they would guess
it to be an obscure country in Africa. The reality, of course, is that LIBOR is
something that affects everyone, to the extent that it “sets” the interest rate
you’ll be paying for your mortgage, car loan, credit cards, and the rate of
return you’ll receive on your pension, 401K, savings and all financial
instruments. In total, it establishes the pricing of financial products across
the world to the tune of up to $800 trillion. Trillion.
We are now finding out that the entire system has been rigged, enriching the “elect” and financially looting the rest. If you are reading this, you have been robbed, although the corporate media remains silent about who robbed you, how it was done, and which government and non-government officials were complicit and benefited. Why? Perhaps the most compelling reason is that when the “average” person learns the depths at which corruption exists between the various banks, governments and government officials, there will be a revolution like the world has never seen. Additionally, they too, along with many elected and appointed officials, have aided and abetted the fraud. Yes, it’s that bad, and it’s about to break wide open.
LIBOR is an acronym for the London Interbank Offered Rate, which is the average interest rate set by a group of international banks and charged by and between banks.
Read More: http://www.canadafreepress.com/index.php/article/4...
Simply stated, a group of about 20 international banks, including many associated with setting the LIBOR rate and a number of U.S. banks have been fraudulently and systematically rigging global interest rates for the past decade, if not longer.
The fraud was “discovered” when Barclay’s Bank was found to have been involved in submitting false numbers to LIBOR to enhance their trading position. The “scandal” as it is called in the media, instead of the wholesale fraud and robbery that it is, now involves numerous other banks who reportedly acted in collusion to fix global interest rates.
Manipulating the rate (suppressing the rate, or conversely, inflating the rate) is done to make certain banks’ balance sheets appear healthier than they are, thus allowing the CEOs and heads of such banks to rake in huge bonuses, while essentially robbing real money from real investors. They “rig” the numbers to benefit the member banks and those who run and oversee them, all under the alleged oversight of regulators and government (and non-government) entities.
The problem, however, is that the majority of regulators are tied to the very banks that they oversee. Additionally, as in the U.S., there is a criminally incestuous relationship between the perpetrators, ...
Simply stated, a group of about 20 international banks, including many associated with setting the LIBOR rate and a number of U.S. banks have been fraudulently and systematically rigging global interest rates for the past decade, if not longer.
The fraud was “discovered” when Barclay’s Bank was found to have been involved in submitting false numbers to LIBOR to enhance their trading position. The “scandal” as it is called in the media, instead of the wholesale fraud and robbery that it is, now involves numerous other banks who reportedly acted in collusion to fix global interest rates.
Manipulating the rate (suppressing the rate, or conversely, inflating the rate) is done to make certain banks’ balance sheets appear healthier than they are, thus allowing the CEOs and heads of such banks to rake in huge bonuses, while essentially robbing real money from real investors. They “rig” the numbers to benefit the member banks and those who run and oversee them, all under the alleged oversight of regulators and government (and non-government) entities.
The problem, however, is that the majority of regulators are tied to the very banks that they oversee. Additionally, as in the U.S., there is a criminally incestuous relationship between the perpetrators, the Federal Reserve, the Secretary of the Treasury, and government officials and officials appointed by the government. The entire financial system is rigged by a group of central banks, bankers, regulators, and elected government officials.
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