Spiritual Forum

Everything is Rigged: The Biggest Financial Scandal Yet ...THE SCAM WALL STREET LEARNED FROM THE MAFIA

Posted by Krishna Kalki on April 30, 2013 at 9:41pm in Alternative Media, World Events & News
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.THE SCAM WALL STREET LEARNED FROM THE MAFIAFull Article @http://m.rollingstone.com/entry/view/id/37616/pn/all/p/0/?KSID=f3f8b1cc101567ecfd931ffe215d595e
Views: 11

You need to be a member of Ashtar Command - Spiritual Community to add comments!

Join Ashtar Command - Spiritual Community

Email me when people reply –
Follow

Latest Discussion

Most Popular Discussion

Topics by Tags

Monthly Archives

Latest Activity

AlternateEarth left a comment on Comment Wall
"https://www.infowars.com/posts/breaking-its-done-we-think-by-darpa-..."
1 hour ago
Love & Joy posted a discussion
Powerful Opportunities For May 2025 By Patricia Cota-Robles
 ...Powerful Opportunities For May 2025 By Patricia Cota-Robles Dear One, do you feel like you have been in a blender? Well, you are not alone. In addition to the many shifts of vibration we all experienced during the incredible influxes of Light we…
See More
14 hours ago
Edward posted a status
** Computer Biz...!!!!!!!
17 hours ago
Edward left a comment on Comment Wall
"** https://zapatopi.net/mindguard/
** https://www.quwave.com"
19 hours ago
rev.joshua skirvin posted a blog post
The Galactic Federation: This is an Important Message for All Lightworkers; Channel: Chellea Wilder | Source.
 Blessings, to our dear Earth Family. We thank you for connecting with us.This is an Important Message for all Lightworkers,Many of you have undoubtedly noticed a significant trend, one might say, regarding the ways in which your Star Families…
See More
19 hours ago
rev.joshua skirvin posted a blog post
Thymus Collective: The New Age on Earth & What It Means; Channel: Daniel Scranton | Source.
 Blessings. We are Thymus. We are the collective of ascended masters.You are coming of age there on planet Earth. You are becoming your true selves. You are not only waking up, but you are also growing up. You are becoming more mature as…
See More
19 hours ago
Drekx Omega posted a status
Taigar vin segarin..(Sirian for; day of victory) -

So, bye for now..🥳
https://www.youtube.com/watch?v=9ifYN-ajnLY
21 hours ago
Love & Joy posted a discussion
Embracing Universal Blessings By Steve Nobel
Embracing Universal Blessings By Steve Nobel Higher Light Decrees are statements or declarations of intention to the Universe. They could be considered as a very focused form of prayer, though they are not here being made to some unknown deity…
See More
yesterday
More…

New Blog Posts