The Roots of the LIBOR crisis: ‘can be found in the broad based sub-prime FRAUD in America’

Image by Wikiwonka42 / Wikimedia *

Rob Kirby (1):

  1. LIBOR would NEVER have appeared broken in the first place – if U.S. ratings agencies had done their job and properly rated poor credit U.S. Mortgage paper appropriately.  
  2. LIBOR would NEVER have appeared to be broken if the U.S. Treasury has STAYED OUT of the markets. (…) 
  3. The U.S. Treasury’s ESF and U.S. Federal Reserve – utilizing derivatives – had a LARGE, DIRECT hand in precipitating the LIBOR crisis.  The “free” mainstream media – which is really and truly complicit, and bought-and-paid-for could have / should have spotted this FRAUD a mile away.
  4. Imperialist U.S. monetary policy is factually being enacted through the trading desks of banks like J.P. Morgan, Citibank, Goldman Sachs, BofA and Morgan Stanley – all in the name of National Security and preservation of the U.S. Dollar as the world’s reserve currency. (…)
  5. Interest Rate Derivatives broadly classified as OTC Swaps are regularly utilized by the U.S. Treasury to manipulate the entire U.S. yield curve. (…)

Read the complete article HERE.

© GoldSeek.com, Gold Seek LLC

(1) Source:  The Genesis of the LIBOR Crisis, by Rob Kirby, goldseek.com, October 3, 2012

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