LieborGate: “The fraud reaches into the $trillions easily”

Image: by williambanzai7 / MaxKeiser.com *

LIBOR LAWSUITS – The attorneys and aggrieved victims are lined up, as perhaps over 900 thousand lawsuits will come. That is how many adjustable rate mortgages were arranged from 2005 to 2009, with underwriting banks serving the complaints. The army of US legal beagles is on the job. The lost income to the victims is obvious. The lawsuits will eventually target the central banks. The fraud reaches into the $trillions easily, when all the derivatives are factored in. Think many $trillions in volume times small percentages skimmed illegally. The mainstream press carefully avoids such topics.

“The LIBOR field agents like Barclays and JPMorgan and Deutsche Bank are mere executors of the rigging, in order to maintain a matched rate with the artificial near 0% benchmark dictated by the central banks themselves. The Bank of England and USFed will be dragged into the lawsuits, where they will claim executive privilege.”  – Jim Willie (1)

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Zombie banks: The Whole System itself is Corrupt

“The following story is absolutely fascinating.  You will recall that the President of Barclay’s resigned on the Libor scandal. Now it seems that the Bank of England made them do it. I wonder why?  Maybe it has something to do with the forward price of gold.  Because interest rates received for loaning gold is next to nothing, then it is necessary to lower LIBOR as a cost for that lease.  The audit of the Fed will likely show the same result. (…) the finger is pointing to the Fed with respect to the Libor lie. There is no question that the gold suppression scheme is critical in this mess because the cost component of the lease is libor.” – Harvey Organ (1)

Economics Professor Rodney Shakespeare:
‘Zombie banks criminals must go to jail’

Jim Willie CB: “Few observers make the connection, but the current LIBOR scandal is a middle inning of two important events. The first is the demise of the Western banker leadership crew. The executives from the most powerful banks will be last to be deposed, all sharing an ethnic strain. The second is the open fracture of the Western financial system. Continue reading

Rob Kirby: Economic reality check VS mainstream press

Bank of England, Threadneedle Street, London, England / Wiki Commons *

“The truth of the matter is – although never publicly stated – that the Fed is “owned” or controlled by the same narcissist, sycophant miscreants who “own” the Bank of England.”  Rob Kirby Continue reading