Why LIBOR scandal is the mega-scandal of mega-scandals (maybe...

[h3rm35]

Quote:Published on Jul 4, 2012 by 2012sprint

Watch this video to understand the largest banking corruption scandal in history. These large banks have stolen money from every single human on the planet. Not one person was left out. Not even YOU! Now that it is exposed there is no going back. We will ALL support the "NO MORE BAILOUT" mantra...

This one will not go away. It was not planned to go away like other "banking scandals". This one will build and build and build until it is known by every man, woman and child on the planet. This is the exposure that will END the bad guys reign.

I've said it over and over: Timing, timing, timing.

The evil vampire banksters have been stabbed in the heart with various stakes in the past few months but this one is by far the largest. (note: the last one will be made of SILVER so be ready for it!)

http://www.roadtoroota.com/public/570.cf...oPW7V4C85B

Know this: All is going as planned for the Good Guys.

May the Road you choose be the Right Road.

Bix Weir
http://www.RoadtoRoota.com
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VIDEO:"Viewpoint" host Eliot Spitzer, Matt Taibbi, Rolling Stone contributing editor, and Dennis Kelleher, president and CEO of Better Markets, analyze the Libor interest rate--rigging scandal engulfing the banking industry.

Barclays CEO Bob Diamond recently resigned after the bank was fined $453 million for its part in the scandal, which involved manipulating the London Interbank Offered Rate (Libor), a key global benchmark for interest rates, by essentially "faking their credit scores," according to Taibbi. And as Taibbi explains, Barclays couldn't have acted alone.

"It can't just be Barclays and the Royal Bank of Scotland. In fact, it can't even be four banks or even five banks," he says. "Really, in the end it's probably going to come out that it's going to be all of them ... involved in this. And that's what's critical for people to understand: that this is a cartel-style corruption."

Kelleher argues that the Libor scandal is proof that the financial industry "is corrupt and rotten to its core." "The same executives [using] the same business model that crashed the entire financial system in '08 are still running these banks," he says.

'The mob learned from Wall Street': Eliot Spitzer on the 'cartel-style corruption' behind Libor scam
July 3, 2012
http://current.com/shows/viewpoint/video...reet-el...

The Biggest Financial Scam In World History
http://www.infowars.com/the-biggest-fina...d-history/

Barclays Brawl: 'Elite manipulated market, UK laws only give slap on wrist'
http://www.youtube.com/watch?v=mSWUowKuSzI

Keiser Technique for financial criminals
http://www.youtube.com/watch?v=tcbtHeQSr...UpwvZwUam-
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[h3rm35]

[h3rm35]

September 4, 2012
Banks Face Suits as States Weigh Libor Losses
By NATHANIEL POPPER

The scandal over global interest rates has state officials like Janet Cowell of North Carolina working intensely behind the scenes to build a case for suing the nation’s largest banks.

Ms. Cowell, the state’s elected treasurer, and several of her staff members have spent the summer combing through the state’s investments trying to determine how much the state may have lost because of suspected manipulation of the London interbank offered rate, or Libor, which is used as a benchmark for trillions of dollars of financial contracts around the world.

“We think this could be as big as the mortgage crisis settlement, that this could be a really high impact situation and that we should be aggressive on this,” Ms. Cowell said, referring to the $25 billion settlement that the nation’s biggest banks entered with state attorneys general.

The activity provides a glimpse at how widely the Libor scandal has spread through the financial world, and how much damage may still be in store for the banks accused of manipulating Libor. Her work also suggests just how difficult it is, and how long it may take, to get to the bottom of the losses.

The attorneys general in Maryland, Massachusetts, New York and Connecticut have all been examining how much their states may have lost as a result of a lowered Libor. A spokeswoman for Connecticut’s attorney general, George C. Jepsen, said that the state’s work with New York’s attorney general, Eric T. Schneiderman, “has broadened significantly over the last few weeks and we are now coordinating with a much larger group of attorneys general.”

Even before the British bank Barclays admitted in June that its employees had tried to manipulate Libor, there were a number of lawsuits filed by cities and municipal agencies seeking damages from large banks for manipulating Libor. But while those cases were filed by private sector lawyers, the public officials are looking at bringing more wide-ranging lawsuits on behalf of the states. The Justice Department has coordinated with the states and is leading its own investigation.

The government officials are hoping that their cases will be bolstered by new settlements between regulators and individual banks that are suspected of participating in the manipulation. Most of the more than one dozen banks involved in setting Libor have said in official filings that they are in discussions with regulators about their involvement in the Libor process.

Libor is supposed to represent how much banks are paying for short-term loans from other banks. It is determined by the British Bankers Association after a daily poll of the world’s largest banks. It then serves as a benchmark for rates paid by consumers and businesses on everything from mortgages to derivatives to student loans.

Barclays said in its settlement that it and other banks pushed Libor down artificially during the financial crisis to appear more healthy. Barclays also admitted that its traders tried to manipulate Libor at other points in order to sweeten particular financial deals. Barclays paid $450 million to settle the charges.

The financial products used by states and local governments are especially vulnerable to an artificially lowered rate.

Ms. Cowell, a 44-year-old Democrat and former business consultant who is running for another four-year term, was aware of the potential implications of the Libor case for North Carolina almost as soon as the Barclays settlement was announced on June 27. The next Monday, at her weekly staff meeting, she asked her office’s lawyers and investment officers to begin looking into it.

The inquiry has focused primarily on two areas of the state’s finances.

One was the state’s public pension plans, which in North Carolina are overseen by the treasurer. A state money manager began identifying bonds held by the state pension fund and money market fund investments that derived their value from Libor.

In July, lawyers from the treasurer’s office took part in a conference call on the topic with pension funds in other states. Ms. Cowell and members of her staff have found a few investments held by the $76 billion pension fund that were tied to Libor, but they have now determined that the losses were most likely “pretty small.”

The other, more significant area where Ms. Cowell began looking for losses was in a kind of financial contract that many states use, known as an interest rate swap. States use swaps when they want to issue a bond at a floating interest rate but protect themselves from future swings in rates. In a standard swap, a state makes a regular payment to its bank and gets a payment back that is determined by the level of Libor. If Libor was lower, the payments will be, too.

North Carolina had two major swaps at the time the benchmark was suspected of being rigged. Together, the two swaps were tied to $1.3 billion of bonds that were issued in 2002 and 2005. The banks on the other side of these contracts included Bank of America, of Charlotte, N.C., and JPMorgan Chase & Company based in New York, both of which are involved in setting Libor.

The challenge facing North Carolina and other states is that there is no agreement yet on how much the banks actually manipulated Libor, and for how long. The lawsuits that have already been filed have estimated that the banks held Libor down by at least 30 basis points, or 0.30 percent, for three years. By one method of calculation, that could have meant losses for North Carolina of around $10 million on their swaps.

Ms. Cowell said she assumed that as more banks settled with regulators, those numbers would become clearer. In the meantime, the treasurer’s office is working out formulas for losses that they can plug numbers into if and when new settlements are made public. At that point, Ms. Cowell also plans to share her work with other municipal agencies in North Carolina that held about 40 swaps during the period in question.

“This is an unprecedented level of analysis, and an unprecedented wide spectrum of financial impact,” Ms. Cowell said.

The inquiry could provide a political bump for Ms. Cowell, who is seeking another term as anti-Wall Street sentiment is running high. A graduate of the Wharton School of Business, she served on the Raleigh, N.C., City Council and then the state Senate before taking office in 2008. She cites among her accomplishments the state’s maintaining its status as one of eight with a AAA rating from the major credit rating agencies.

North Carolina’s attorney general will make the final determination on whether the state will join existing lawsuits, proceed with its own case or take no action at all. The attorney general’s office did not respond to requests for comment.

But the office has been involved in many of the discussions with the treasurer’s staff, people involved in the meetings said.

[SiLVa]

Its amazing, but of course not surprising, that this isn't the biggest news story in the media.

[FastTadpole]

(09-05-2012 09:27 PM)SiLVa Wrote:  Its amazing, but of course not surprising, that this isn't the biggest news story in the media.

Top to bottom now we have money evidenced as a corrupt FRAUD!

Top YouTube comment:

Quote:... it's hilarious that these rich fucks got caught. No jury in the world wouldn't convict them.

No it's NOT funny because this won't go to court, and if it does a real jury representative of the people's educated will likely won't be anointed to file for recourse. So many, too many, people rely on the financial system to act as their compensation to provide goods and services - thus leaving those with more power to enslave great masses of people via economic/monetary manipulation directly and/or indirectly.

Anyone and everyone that has, is or ever will use money is involved in this faith based scheme built on confidence that hasn't earned one iota of trust - no matter what it says on the currency.

So we're left with a continuance of this scandal or an opportunity to correct this by restructure, localization, detachment in any degree. This is likely to be met with resistance and/or railroaded into the same or other people's interest agenda who are well placed to capitalize on the accelerated waning and inevitable collapse of the monetary system as we know it.

Keep talking about solutions and alternatives to fertilize something real unto the the marketplace of ideas for the next round, lest we repeat our past follies and drop yet another ball when it is handed to us by supplant or consent or apathetic default.

[FastTadpole]

Upped TubeRipped AVI to tracker:

Why LIBOR Scandal is the Mega-Scandal of Mega-Scandals
http://concen.org/tracker/torrents-details.php?id=30733

B the W their hinted at solution sucks -- strict regulation and control but it's slightly better than what we have, if only slightly with a devil with at least a little bit of a conduit for public recourse.

[h3rm35]

Quote:No it's NOT funny...

it is kind of ironicly funny - but only because the comment contained a double negative, which totally muddles the sentiment and is indicative of why the banksters will never be tried; an under-educated, apathetic and intellectually lazy public that's been that way long enough to passively allow their own bondage for the convenience of drive-through liquor stores and microwaved burritos!

Quote:B the W their hinted at solution sucks -- strict regulation and control...

Got any other ideas that won't require a revolution to enact?

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Bank scandal a multibillion-dollar fraud

What’s this nonsense about deregulation? Who are we to tell these financial experts how to run their businesses?

But when a center right magazine like “The Economist” talks about “the rotten heart of finance” in one headline, uses the term “banksters” in another, and says the scandal may be “The biggest security fraud in history” you get a sense it’s a really big deal.

When the Huffington Post reports about Libor documents, which date back to 2007 showing the Federal Reserve was fully aware that banks were lying about their borrowing costs and chose to take no action against them, then it is a really big deal.

This widespread manipulation of an interest rate set by banks which self-report what they’ll pay to borrow money for short periods, may have cost borrowers and state and local governments untold billions of dollars. ...

This group of “bangsters” is just in the U.K., where 16 institutions are currently under investigation for rigging Libor, including major U.S. and Euro banks.

Was anyone fired or jailed? ...

This will drag on for years, there will be a lot of blather and the scenario will repeat down the road. But we’ve been here before and new deregulation statutes will be savaged by lobbyists and co-opted elected officials again. Stick around.

---

Experts Warned CFTC About Potential Libor Rigging 15 Years Ago

By: David Dayen Thursday September 6, 2012 10:59 am

The Commodity Futures Trading Commission has led the investigation into the Libor rate-rigging scandal. They have pursued civil charges, and worked with the Justice Department on criminal ones. But when the CFTC first learned about how banks could easily implement rate-rigging, they ignored it – when the agency was under the executive branch of President Bill Clinton, all the way back in 1997.

Richard Robb, a professor at Columbia University, understood that the calculation of the Libor was the core problem that needed to be addressed. Under the current standard, 16 banks write in to the British Banker’s Association with the interest rate at which they are charged to secure funding, and the organization posts a range of those, throwing out the high and the low numbers, to determine the rate. There was a better way, devised by the Chicago Mercantile Exchange (CME) back in 1981, which engaged a much larger pool of banks, and picked 20 blindly and at random to determine the rate, on two separate occasions. Eventually they would get a result that would better reflect the actual interbank lending rate. This worked well for 16 years.

In September 1996, the CME applied to the U.S. Commodity Futures Trading Commission for permission to switch from its own, sensible Libor calculation to the BBA’s. Presumably, the CME worried that a rival exchange would steal market share by starting a contract tied to BBA Libor, which was and is the standard floating rate index for swaps, loans and notes.

On Nov. 18, 1996, I filed a public comment letter with the CFTC objecting to the CME’s plan. Here are some excerpts from that letter:

“In a severe funding crisis … banks might respond to the BBA survey with a rate substantially below their true lending rate. Since the BBA survey results appear on Telerate [a Bloomberg-like information service widely used at the time], the banks may want to hide the extent of their troubles…The CME randomly draws a limited number of reference banks from a larger pool on the futures settlement date. This ensures that banks will not know ahead of time whether they will be able to participate in the survey. The BBA, on the other hand, surveys the same sixteen banks every day. To see how a bank could exploit this feature of the BBA survey to manipulate the index, suppose that the four high quotes are expected to be the three Japanese banks (Bank of Tokyo/Mitsubishi, Fuji, and Sumitomo Trust) and the Bank of China. Then, any of the remaining banks can raise their quote, and the effect will flow directly to the final index. A British bank, for example, might raise its quote by 12.5 basis points. Since eight banks make up the average, the average will rise by 12.5/8 = 1.5626 basis points. If two banks worked together, they could raise the average by 3 basis points [...]

That was more than 15 years ago. No one should be surprised that banks would suppress their posted rates in a funding crisis or that they might manipulate the survey for gain. It was easy to see this coming.

Robb adds that CFTC ignored the letter. And then every single consequence that he described came to pass. Robb writes, “While the CFTC is dishing out nine-figure fines to banks caught up in the scandal, it might want to consider another possible culprit: itself.”

There are actually simple solutions to the various banking crises that regulators and bankers in concert do not want to fix.

---

nice... gotta make sure we respect the banksters' right to a speedy trial...

September 06, 2012 14:03 ET

MONDAY DEADLINE: Levi & Korsinsky Notifies Investors With Losses on Their Investment in Barclays PLC of Class Action Lawsuit and the Deadline of September 10, 2012 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwire - Sep 6, 2012) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased sponsored American Depository Receipts ("ADRs") of Barclays PLC ("Barclays" or the "Company") (NYSE: BCS) between July 10, 2007 and June 27, 2012.

For more information, click here: http://zlk.9nl.com/barclays-bcs. There is no cost or obligation to you.

The complaint alleges that during the Class Period Barclays issued materially false and misleading information regarding the Company's internal controls, financial performance and financial condition. In particular, the complaint alleges that defendants participated in a scheme to manipulate Libor interest rates for the benefit of Barclays' traders and to make the Company appear financially healthier than it was during the Class Period. The Complaint further alleges that defendants made material misstatements to the Company's shareholders about the Company's purported compliance with their principles and operational risk management processes.

On June 27, 2012, Barclays was found by US and UK regulators to have manipulated its Libor rate submissions. Then on July 2, 2012, Barclays announced the resignation of its Chairman, Marcus Agius, after the Company agreed to pay $450 million to settle accusations that it attempted to manipulate interest rates to help its own profits.

If you suffered a loss in Barclays you have until September 10, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/barclays-bcs.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
http://www.zlk.com

[h3rm35]

I love how evryone in the media has completely forgotten about this topic. Total bullshit.

on a lighter note:

[FastTadpole]

Quote:Subject: Synopsis of shootings by Karzi Kearse
Date: Sun, 16 Dec 2012 23:18:08 -0500

I’m going to outline for you 10 instances of recent events, that suggest some alarming connections that I am finding. They will uncover that there is a larger web, or organization at work. The horrific discovery that this suggests is that the 20 children killed in Newtown CT., is just brushing the surface of a far deeper agenda of a group of people seeking to influence world events. Among their ultimate aims is to bring the United States under UN gun control. For it is only a disarmed American people that can be fully controlled. This is not guesswork on my part, but it is what they have done in every country that has allowed them to do so.

Disinformation is when one side purposely releases information that they know is not true, in order to confuse or weaken, the other side’s arguments or strength. In this case there are two main forces. The Dark Cabal is an organization of international banking families that have been controlling the world for centuries, usually in the shadows. Some call them the Illuminati. There is also a force for truth. This force is growing, and becoming more organized. Each of these sides put out information to the masses. The cabal often uses psychological warfare. Such as putting out information disguised as pro truth, but really designed to make the truth movement look bad, or become discouraged.

The 10 connections I will be outlining for you are merely dots I have come across. They suggest a web of connections. These sources are developing as we speak. You will see commonalities in many of the events, such as multiple shooters, and conflicting testimony. Thus it will be up to you how you put these dots together for your own understanding. For me, they are red flags that there is a secret agenda at work behind the scenes…


#1 : LIBOR Scandal
LIBOR = London Inter Bank Offer Rate = Rate banks charge each other to lend to you

The problem is that it only works if banks are honest with each other and if there are regulators who really investigate the banks and are not in bed with them. By this “rate” being all a lie, then it means that there can be no trust in the banking system… The whole banking system, all around the world !!!!

What makes matters worst is that not only was the LIBOR rate manipulated by the big banks, but money from the cheating was diverted into secret accounts. This was your money…. Our money !!!

The United States Senate is so concerned, that they are looking into it, and in the next few weeks are planning to call before them some of the biggest names dealing with LIBOR today.

# 2: James Homes / Suspect in Aurora Colorado Mass Shooting
James Homes is accused of killing 12 people and wounding 50 in an Aurora Colorado movie theatre. I have come up with over 42 discrepancies and questions that are detailed in 2 reports I made online:

21 Questions
https://www.facebook.com/notes/kazi-kear...3176727718

21 More Questions
https://www.facebook.com/notes/kazi-kear...9266334109

Now, what’s most interesting to the Newtown case is where James Holmes’s father comes in. Reportedly ( there’s some debate about this) he “coincidently” happens to be the senior scientist who created the tracking software that can tell us in whose bank accounts the LIBOR money was diverted to ( TRILLIONS OF DOLLARS ) $$$$$$$$$$
Both fathers have a LIBOR connection…

# 3 Adam Lanza / Suspect in Newtown Connecticut Mass Shooting

If that was not bad enough, we now find out that according to Yahoo news, the alleged shooter at the Sandy Hook Elementary School, Adam Lanza, is the son of Vice President of GE Capital, Peter Lanza. Peter Lanza is also a partner at Ernst & Young, and major accounting firm.
The older brother, Ryan Lanza, is also reported to be employed at Ernst & Young. Adam’s older brother Ryan Lanza, 24, has worked at Ernst & Young for four years, apparently following in his father’s footsteps and carving out a solid niche in the tax practice. . ( Peter Lanza )

The owners of GE, and their tax practices is of central importance in the LIBOR scandal. There is a rumor that both fathers would be called to testify in the LIBOR hearings, but it is very hard to confirm this, so we will call it unconfirmed…

However, whether or not they testify, there still is a LIBOR connection…

Another significant question is why do the bullets that were found in the school, not match the hand guns that Lanza was found with? They match the rifle that was found in his car? There were also additional men found on the school grounds. Who are they, and why isn't the media talking about them ???

# 4 : Wade Michael Page / Suspect in Sikh Temple shooting
Wade Michael Page, 40, reportedly turned his 9mm semi-automatic handgun on himself after being shot in the stomach by a police officer who responded to the scene in Oak Creek, Wis. Authorities had previously said Page was killed with a rifle shot from an Oak Creek police officer after he refused to put down his weapon and fired at the officer. Teresa Carlson, special agent in charge of the FBI in Milwaukee, claims she has seen a video of the shooting, but other reports differ.

The Chairman of the temple stated that the day before the attack there were a “few suspicious men seen on Temple premises,” again clearly suggesting the involvement of more than one person.

One of the hallmarks of a false flag event is that the story keeps changing. The police and FBI who responded at the scene will NOT make such a huge mistake of not being able to tell the difference between a point blank self inflicted head wound, and a gunshot blast from across the room. I’m sorry, I’m just not buying it. The FBI says that they have film of the whole thing, yet I have not seen a single frame of it on tv. Which is also very odd because as I said before, the evening news is loaded with security camera video tapes that they show for other, far less lethal crimes.

# 5 The film “Sirius” was about to expose the LIBOR bankers

The film director’s name is Amardeep Kaleka. He was about to release a film exposing the secrets of the international banking cartel. He is also the son of one of the first people killed in the Sikh temple killings. His father was killed just days before the release of the movie that was exposing the dark cabal of international banking families that are ruling the world, and was about to tie them to very specific crimes.

# 6 The Gifford’s Shooting

Jared Lee Loughner
Many problems with this case.
Next to Congresswoman Giffords ( who was voting pro gun ) Was Chief Federal Court Judge John Roll Roll would have been deciding the Fast And Furious court case ( if he wasn’t killed )

Roll was known as being “incorruptible” and very pro gun. It is my belief, and others, that Judge Roll was the primary target of the attack.

Loughner may have been under mind control, or may just be crazy, but once again he was a False Flag Patsy, who was not capable of doing everything he is being accused of.

Certain things about the case to not fit. They say he fired more bullets then he did. Who do the other bullets belong to. He took a taxi to the shooting. I might understand that if he planned to die there, but he surrendered once the police came.

Loughner was found by a judge to be incompetent to stand trial based on two medical evaluations…. However, when it came time to produce their evidence, all of a sudden the prosecution, FBI and Obama administration suddenly want to offer Loughner a deal. To change his insanity plea, and plead guilty to the murders, in exchange for life in prison.

So we are suppose to believe that a man who takes a taxi to a mass murder, then surrenders peacefully to police, says he is insane, and
is found so in two psychological examinations, suddenly is now fit to stand trial…. But they are not going to have a trail, because by offering him the chance to plead guilty, and accept the plea, the “system” no longer has to SHOW what evidence they had.

Where is the security video from the parking lot???

Where is the security video inside the supermarket which he went inside of, before going outside to the parking lot ??? Have you seen a single frame of video produced by the prosecution ???... I haven’t…

I saw 5 security videos last night on my local evening news of hold ups and assaults in stores… Yet NONE for any of the patsy murderers


# 7: Nanny Murders and CNBC Executive
CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains. The lawsuit is said to involve officials located in the highest offices of government and the financial sector.

Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters.

Within hours the original page for the article was taken down, and CNBC senior vice president Kevin Krim received news that his children were killed under very suspicious circumstances.

It seems that the murder happened first and then the page was removed later. According to mainstream accounts the children’s nanny is responsible for the murders, allegedly stabbing both children. However, those same mainstream news sources report the highly unlikely story that the nanny slit her own throat just after committing the homicides.

Police have released very little information and although a wider plot has not been officially implicated, it seems very possible that these murders are a show of force against the press organization for releasing such damning information about the most powerful people in the world.

# 8 The 43 Trillion Dollar Lawsuit in New York Against The Banksters

The lawsuit seeks the stopping of collections of all mortgages until the banks return 43 trillion dollars that they have stolen illegally through bailouts and not returned. The federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) - involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver - Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation):

Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris (both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former "communications director" for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the "Banksters" themselves, and their affiliates and conduits. The lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws.

In the District Court lawsuit, Spire Law Group, LLP -- on behalf of home owner across the Country and New York taxpayers, as well as under
other taxpayer recompense laws -- has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the "Banksters" and their co-conspirators, seeking an audit of the Fed and audits of all the "bailout programs" by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other "bailout money" advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration.

You know heads are going to roll…

# 9: President’s Tears at Press Conference

When the president says he will seek meaningful action regardless of political consequence, I can’t help but feel he means he will seek to push through legislation, probably through executive order, to bring us under UN gun control. His mentor, and former chief of staff, Rahm Emanuel once said “ Do not ever let a crisis pass you by”, to use for political advantage.

I wonder if President Obama’s tears would flow, like they did at his press conference for the children killed in the Newtown Massacre, as they would for the 168 children killed in Pakistan by US drone strikes ordered by the Obama administration, in meetings they nicknamed “Drone Strike Tuesdays”… Where Obama would personally pick out who they were going to bomb that week…

# 10: They are killing YOUR children

It’s time that YOU do something. No more excuses that you want to only deal with positive things. They are killing our children. We are under attack. From the land, sea, and air. History will look back and ask what did YOU do in the early days. Did you focus only on maintaining YOUR light, despite the evil that was propagated around you?

Or did you do something ???
First thing you have to do is admit that the problem exists…


MUST WATCH VIDEOS:

Proof Of 3 Shooters at Sandy Hook Elementary
Shooting http://www.youtube.com/watch?v=j_fI0hm1d...ture=share

Aurora and Sandy Hook Shootings Announced In Batman Movie
http://www.disclose.tv/action/viewvideo/...a_SET_UP_/

LIBOR Scandal Link
https://www.youtube.com/watch?v=Gui-VRT_YZo

[icosaface]

Well that ties things together in ways you would never here mentioned by the Lamestream media. Thanks FT.

[CharliePrime]

(09-06-2012 10:54 PM)h3rm35 Wrote:  Got any other ideas that won't require a revolution to enact?

Supporting human freedom does not require a revolution.

In the free market there is no Federal Reserve.

In the free market there are no Bailouts.

In the free market banks compete to provide the highest interest rates to savers, and the lowest interest rates to borrowers.

In the free market banks don't pay legislators to write beneficial regulations for them.

[FastTadpole]

With the Cyprus Bank runs we're likely to see gold on the upswing, but it looks like we have some evidence coming forth that gold is gamed pretty much to the extent that the LIBOR interest rate is decided on behind closed doors by the banking cabal.

Quote:Gold Could Be The Next Libor Scandal
Mark Gonloff
March 14, 2013

The Libor scandal is so 2012 you guys, so so boring, but thank goodness we have a brand new market-rigging scandal to enjoy now, one that will entertainingly interest the hyper-paranoid: Yes, the next Libor scandal is in gold.

Believe it or not, the global benchmark prices for gold and silver, the "London spot" prices, are not set by such old-timey folderol as "trading," but by a small cabal of European banks that get together twice a day and decide what they think the price of gold and silver should be.

If that sounds familiar to you, then you win the prize for staying awake through all of last year's tedious stories about the Libor scandal. The gold-pricing process is in fact akin to the process of setting the London Interbank Offered Rate, or Libor, a key short-term interest rate. In that case, a slightly larger group of banks sets Libor each day by self-reporting their borrowing costs, and it turns out they had constantly manipulated it for years and years.

The Commodity Futures Trading Commission thinks it's possible that something could also be amiss with the system for pricing gold and silver and has started asking around about it, the Wall Street Journal reports. It's not a formal inquiry yet; we're still just in the getting-to-know-you phase of the scandal, if that's what this is going to be.

The London Bullion Market Association, which has nothing to do with the pricing, tells the WSJ that the gold-pricing process is "fully transparent. It's nothing like Libor." And as the Guardian notes, the process of setting gold and silver prices does involve some input from the banks' customers.

But you could forgive the CFTC for wanting to double-check all the same. After all, a study last year by the International Organization of Securities Commissions found that bankers will just straight-up manipulate any interest rate they can get their hands on in this fashion, all over the world. If they'll manipulate interest rates, why not manipulate other stuff, too, like gold? Or silver, or coal, or any other market where benchmark prices are set this way?

It also happens that the five banks that set gold and silver prices include three that have settled or are under investigation for manipulating Libor. Those would be Barclays, which paid $450 million to settle Libor charges last June; Deutsche Bank, which has already suspended some traders and is reportedly close to settling its own Libor charges; and HSBC, which is also under investigation in the Libor scandal and last year agreed to pay $1.9 billion to settle money-laundering charges.

The other two banks are Bank of Nova Scotia and Societe Generale, whose noses are relatively clean, unless you count SocGen's failure to rein in alleged rogue trader Jerome Kerviel.

This doesn't mean the banks are guilty of manipulation. But it's another reason for the CFTC to feel the urge to double-check.

SocGen declined to comment. The other banks did not immediately respond to requests for comment.

One sticky question here, maybe even more so than in the Libor scandal, is: so what? Who really gets hurt if the price of gold is off by a few dollars here or there? Well, the London spot price of gold affects jewelry prices, derivatives and raw-materials costs, the WSJ points out. There could be some deep-pocketed people claiming victimhood down the road.

http://www.huffingtonpost.com/2013/03/14...78008.html

Related:

VIDEO :: U.S. Probes Gold Pricing
http://online.wsj.com/article/SB10001424...62340.html

Interest Rate Manipulation Extends Far Beyond Libor, Secret Survey Reveals
http://www.huffingtonpost.com/2012/09/19...98135.html

.. and gold and interest rates aren't all that is on the manipulative slate I'm sure. Why wouldn't every price be at least massaged if not all out manipulated - directly or indirectly.

The $2.5 Trillion Global Oil Scam: Intercontinental Exchange Commodity Manipulation
http://concen.org/forum/thread-31284.html

World's Stocks Controlled by Select Few - In Depth SFIT Statistical Analysis Paper
http://concen.org/forum/thread-33816.html

More on the Cyprus Bank Runs..

CYPRUS : BANK RUNS HAVE STARTED !
http://concen.org/forum/thread-48808.html

[JFK]

(03-18-2013 05:41 PM)FastTadpole Wrote:  With the Cyprus Bank runs we're likely to see gold on the upswing,

<snip>
Indeed... My signature on another forum :



Up $12.30 an ounce at the moment.