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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!

Yellow Cash
 

April 25, 2013 1:00 PM ET

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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Politicians have made stock trades before the crash!

     Dear readers, I appeal to you. Do not continue to believe the lie! The first lie told to mankind was told by the Devil. He claimed that man could rule himself without the help of God. To answer this false statement, our Creator has allowed time to prove Satan to be wrong. One example of current events is a case in point; men can’t be trusted to govern properly.

     Politicians have passed a law that makes them exempt to the same rules as the public that elected them. They have quietly given themselves the power to game the system, and many have made millions. It’s an unreported form of “insider trading”, but worse still; they also make policies that affect the market!

     When you consider the fact that lobbyists give stock to Politian’s as gifts, it becomes clear that they will legislate in concert with the stock’s best interests. That puts governmental officials in bed with corporations, and the public is paying the fee for the whore! Honest people are losing everything in the markets, as these evil crooks are laughing in shameless luxury.

    Now if that isn’t a crooked scale, I don’t know what is! There’s no balance there, all for the wicked, none for the hard working populous. For years people have said that these ones new logo is: “In MONEY we trust.”  You could say they have a longing to commit evil deeds if there’s “something in it for” them. It’s quite apparent that the proof to that statement has reached new heights.

   Throughout the course of man’s rule, it has eventually been the evil that have won all the booty. Historians have noted that humankind is in search of a mythical utopia of his own making. There’s no way that our ‘modern’ governments can achieve this idealist goal. Unless; of course, they have the manipulative “works of the Devil” as a hidden force of evil backing them!

Applicable Scriptures:

“Do not put your trust in nobles, nor earthly man.” Ps. 146:3               The love of money is the root of injurious things.” – 1 Ti. 6:10            “Love does not work evil to [our] neighbor.” – Ro. 13:10                       “He who carries on sin, [does] works of the Devil.” – 1 Jo. 3:8

Latest Video: http://www.thedailyshow.com/watch/wed-february-15-2012/louise-slaughter

See Also:

  1. Freakonomics » Politics Pays: Evidence of Insider Trading Among 
  2. politicians get away with insider trading
  3. Insider Trading: Illegal for You and I, Not for Politicians | Steadfast 
  4. News for politician’s insider trading
  5. Well, There’s Your Problem Right There … Insider Trading Rules 
  6. http://www.cbsnews.com/video/watch/?id=7388130n
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