“The USFed, Bank of England, and Euro Central Bank are directly implicated, casting corrupt light on the central bank franchise system. (…) Leave aside the difficult questions as to why and how the LIBOR fraud was revealed, and why and how the crime was not shoved under the rug as usual, and what higher power is controlling and orchestrating the maneuvers. LIBOR and Barclays lie at the heart of the Western banking cartel and power structure, labeled corrupt to the core. The big banker brush fire has begun. It is raging…” – Jim Willie (1)
“Since 1994, the mythical Strong Dollar Policy had necessitated a two prong strategy: that of keeping rates low because weak currencies are typified by high interest rates; and the price of gold must be suppressed as it stands as an historical alternative settlement currency – and they don’t want the alternative to appear “strong”. (…) Libor – or the London Inter-Bank Offered Rate – is one of the lynch pins in setting [rigging] global U.S. Dollar interest rates. (…) It has EVERYTHING to do with making the American Dollar look viable as the world’s reserve currency.” – Rob Kirby (2)
“Does this mean that the US and UK financial systems can only be kept afloat by fraud that harms purchasers of interest rate swaps, which include municipalities advised by sellers of interest rate swaps, and those with saving accounts? The answer is yes…” – Paul Craig Roberts, Former U.S. Assistant Secretary of the Treasury for Economic Policy (3)
Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship?
Antitrust violations, wire fraud, bid-rigging, and price-fixing
by Ellen Brown
At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants are being called that and worse, not just in the major media but in court documents intended to prove the allegations as facts. Charges include racketeering (organized crime under the U.S. Racketeer Influenced and Corrupt Organizations Act or RICO), antitrust violations, wire fraud, bid-rigging, and price-fixing. Damning charges have already been proven, and major damages and penalties assessed. Conspiracy theory has become established fact.