Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix
Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything.
You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”
That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.
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Multiple names means more than 2. I do not play games that is what the crooks fear. The Synagogue of Satan are of all nationalities and religions and I have always said that. It is spoken of in the bible. I don’t blame jews for this anymore than Catholics, Protestants or any religious order. I am Catholic and there are many in the Catholic Church who are part of this too.
lvent does not converse under multiple names. Fury likes to cover up for the Synagogue of Satan however, I don’t.
“Ivent does not converse under multiple names” says “stripes” errr, Ivent. Followed by a comment linking Jews with Satan. Yep, it’s Ivent.
Ivent was asked to tone down his/her/? act and to please stop posting the same comments over and over again. Ivent was dominating the comments section at this site and it grew tiresome.
As far as Ivent enlightening us with information we were unaware of – not the case.
Comparing Ivent to Matt Taibbi? Now that’s just too funny!
hi, Ivent.
you proved my point.
Whoa! I distinctly remember a poster on this site, IVENT, who over and over again, wrote postings about this very same subject over the last 2 years. She was ridiculed, lambasted and finally left the site. We don’t want to hear the truth. No one took her seriously; no one cared to check the facts. She warned for us to all check the facts. She is a fighter and for all her efforts to warn us we took up arms against her. Well, the chicken has come to roost!
oh, for heaven’s sake. IVENT has not left this board.
she still posts under multiple names, including IVENT where she continues to converse with herself.
It’s shameful that even though many Americans are well aware that this sort of thing has been going on for decades, we are too apathetic or chicken chit to do anything about it……..
Our forefathers knew this predisposition of the People as evidenced by the following excerpt from the Declaration of Independence: “…… Prudence indeed will dictate that mankind will suffer while evils are sufferable, rather than right themselves by abolishing the forms to which they have become accustomed….”
Our remedy is given us in the very next line of that same document, but it seems most (for whatever reason I can’t imagine) feel as if they (and their posterity) have not yet “suffered enough evil” to warrant taking action, holding criminals accountable WHERE EVER THEY MAY BE FOUND, and taking back control of our destiny.
This article demonstrates how the People have been (at least on one occassion) robbed, FOR A DAY OLD SUSHI ROLL! This is just my opinion here……. But if after reading this article, anyone who is not ready to do what is necessary to “right themselves” must consider themselves and their family unworthy of freedom and prosperity and/or just plain worthless…….