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

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

Join Ashtar Command - Spiritual Community

Email me when people reply –

Topics by Tags

Monthly Archives

Latest Activity

Movella left a comment on Comment Wall
"Oh god, she really calls people ‘my flock’? That’s total wannabe guru talk, so cringy and patronising. It’s definitely the kind of religious-esque zeal you mentioned, Drekx."
2 hours ago
Drekx Omega left a comment on Comment Wall
"Very true, Movella......Surprising how these fake channellers are often lefties, too..The GFL and others prefer logical people, who are not driven by religious-esque zeal.....The word "flock," for example is telling...So out of date for…"
2 hours ago
Movella left a comment on Comment Wall
"It’s all coming to the surface, discernment is everything right now. Sounds like Suzy Ward was praising Obama just like Mike Quincey did. I don’t even bother reading their channellings. She’s much more likely to be channeling a paper clip than those…"
3 hours ago
Drekx Omega left a comment on Comment Wall
"I wonder how Suzanne Ward will feel, when her hero, Obama, is clapped in irons...?? And she knows nothing about 3I/Atlas, obviously....Frankly, these posts from Ward, have no place on AC.....They are total baloney.....Paris is around 42 square…"
3 hours ago
AlternateEarth left a comment on Comment Wall
"The rev posted matthew ward-channeled by his mother suzy ward-claims to be channeling God, Ashtar, and 3I/Atlas is AI.
She used to sing the praises of obama endlessly-turning out that h's involved in the world wide pedophile cult and stealing from…"
3 hours ago
AlternateEarth left a comment on Comment Wall
"Thanks Drexk"
3 hours ago
Movella left a comment on Comment Wall
"Truth can be heavy, but I’m staying grounded. Nothing beats the feeling of being in peak physical form. Body and mind in sync. It’s a good day to be alive! Stay vibrant, friends.✨"
5 hours ago
Movella left a comment on Comment Wall
"While the light reaches for the stars, the shadows on Earth are still being exposed. Let’s be real, the Clintons didn’t hide behind the curtain for months because they’re shy, they did it because the Clinton Foundation is a crime scene.

Billions in…"
6 hours ago
More…