Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

[cali]

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&quot 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.

Read more: http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2RlKJ8ArB

[Sekhmets Daughter]

1. Joseph Stiglitz, I believe, pointed out the huge amount

of these "derivatives" in 2008...and the danger inherent. No one does anything about it! They'll investigate and then conclude there is nothing they can do about it because there is nothing in the rule book that says they did anything illegal! The same old same old....

[reformist2]

5. That's because they made sure congress gave them a loophole - derivatives weren't regulated!

Financial contracts worth (on paper) trillions of dollars, and the US government had nothing to say about any of it. Incredible.

[Sekhmets Daughter]

6. Exactly! I was appalled when I read about it! n/t

[RKP5637]

2. I've always thought the global CT was spot on. I've been called a

CT, but IMO it's only logical this and similar could/would happen. One just needs to be a slight visionary to see this and similar might/would happen ...

[rhett o rick]

3. Those that are so eager to denigrate others by calling them CT are often

living in a carefully guarded denial bubble. They know that if we really dig we will find corruption beyond imagination. They cant handle this, therefore they want everything wrapped up in a tight bundle. And they are willing to bully those that they think might unwrap the bundle. One DU member has suggested that CT'ers be automatically PPR'd. And I assume he thinks he should make the decision. Fortunately the Admin here is more open minded.

[RKP5637]

4. +1, n/t

[forestpath]

7. +2

[tomtharp]

8. Rigged?

As in the bank of London trying twice to kill Andrew Jackson for opposing central banking? Rigged as in allowing the Lusitania to be sunk to get the US into WWI to save London banksters to repay NY debt. Rigged as IN 1970's OPEC fuel "crisis" to raise revenue for Saudis to repay banks? Rigged as in the bankers funding the bull moose party to split votes away from Taft so Wilson would win? Wilson who started the Fed Reserve? Bankers 1st made Wilson president at Chicago University, home of Chicago School of Economics (Friedman/Stigler)? The Rothschilds funded Cecil Rhoades to start Rhodesia, Debiers diamonds, the Council on Foreign Relations and the Rhoades scholarship. Bill clinton is a Rhoades scholar and CFR member. Dick Cheney is a CFR member too. Rigged as in Bernanke, Greenspan, Bush Reagan and Carter all grovel to CFR? Hillary is on youtube saying how nice it is "to be told what we should be doing" from the "Mothership&quot CFR). CFR tells the State department what to do?? Rigged as in the great depression when NY banks eliminated their competition from smaller banks across the US? Rigged as in not shooting VC in Laos so Viet Nam would last forever for the moneylenders? Rigged as in every president to oppose bankers has been shot at; Jackson, Lincoln, JFK, & Reagan??

Rigged as in the banks that own the Federal Reserve want the US to go to war because banks double their profit when countries double their debt to fund wars, sound familiar? Rigged as in TARP? Lets invade Iran or Syria, the banksters need more bonuses.

Ignoring illuminati, ignoring masons, ignoring whacko Youtune vids, just based on history, Yeah, I think it is rigged.

"the Mothership"

I took US history 2-3 times in prep school, this book completely changed my view of the last 200 years. http://www.amazon.com/The-Creature-Jekyll-Island-Federal/dp/0912986212/ref=sr_1_1?ie=UTF8&qid=1367160996&sr=8-1&keywords=creature+from+Jekyl+Island

[Dustlawyer]

9. In watching 1st hand how BP can manipulate the oil spill litigation and their ability to quash

any negative information getting out (they advertise so heavily on the Gulf Coast since the spill that the media outlets there will NOT report the stories of the victims) and no follow up from major media, including Maddow and Anderson Cooper, I can only imagine how warped the investigations and prosecutions will be for our financial system.
People do not really understand what that kind of money does to our justice system. It makes you wonder when you see a Judge throw out that class action suit without having it go through the normal course of discovery to shed light on what happened. They count on the ignorance and apathy of the average citizen and it seems that their confidence is not misplaced! COMPLETE CAMPAIGN FINANCE REFORM is what we should be demanding. It all starts there! They OWN our politicians and write our laws! They have control over the judiciary, media, and our government. Soon they will have limitations and control over the internet. Why do you think the NSA is building a facility to effectively review and store all Internet communications without warrants? They have almost complete control over every facit of our life!
Wake the fu*k up and quit saying Obama and/or the Democrats are not compromised! Obama sold out the oil spill victims before the mid-term elections by giving BP the Coast Guard (they sprayed the Corexit for BP and parroted whatever Ken Feinberg said). There was never any 20 billion dollar fund. Ken Feinberg was eventually found by the Judge to have been BP's representative instead of "Independant" as he claimed countless times on TV and town hall meetings.
COMPLETE CAMPAIGN FINANCE REFORM!!! Lets clean house!!!