Topic: . (Read 2928 times)
Connecting the recent Batman shooting to Libor...
http://www.helpfreetheearth.com/news617_batmanwhohow.html
I have not verified this information myself
http://www.helpfreetheearth.com/news617_batmanwhohow.html
Quote
Robert Holmes, the shooting suspect's father, is a senior lead scientist with FICO, the American credit score company. He was scheduled to testify in the next few weeks before a US Senate panel that is investigating the largest bank fraud scandal in world history. This banking fraud threatens to destabilize and destroy the Western banking system.
I have not verified this information myself
Let me ask: what could possibly go wrong ? 
1/Central Banks give the power of money creation to a cartel of banks
2/The cartel of banks creates money out of thin air by issuing debt: this is the only way for other participants to get new money in circulation.
3/The cartel of banks sets the "price" of money (the ultimate absurdity) by applying an interest rate
How could THAT possibly be called a "market" or a "market economy": this is just a sure recipe to destroy capitalism and society.
LIBOR was just too obvious a scam because there are so few participants but any other interest rates are equally illegitimate and fake.
1/Central Banks give the power of money creation to a cartel of banks
2/The cartel of banks creates money out of thin air by issuing debt: this is the only way for other participants to get new money in circulation.
3/The cartel of banks sets the "price" of money (the ultimate absurdity) by applying an interest rate
How could THAT possibly be called a "market" or a "market economy": this is just a sure recipe to destroy capitalism and society.
LIBOR was just too obvious a scam because there are so few participants but any other interest rates are equally illegitimate and fake.
Fun to note that the Denver shooting is very likely linked to LIBOR.
(I mean more than just for creating a distraction.)
(I mean more than just for creating a distraction.)
Have to call you out on this one. I haven't been able to find a decent source. Jon Rappoport says he tried to, but couldn't:
http://jonrappoport.wordpress.com/2012/08/04/fact-or-fiction-holmes-father-to-testify-james-holmes-photos-dont-match/
When a loon like him says there's no evidence for a claim...
More proof that our everyday lives are controlled by bigwig elistist assholes. If the attorney general can ship guns to mexican cartels in order to slander the 2nd amendment, and fucking WALK when hes busted, then the large money changers will not even get a slap on the wrist.
There is no market regulated by strictly market consumers (i.e. a free market) in traditional banking. Were there one, depositors would shop around and pay attention to the credibility of each bank which in turn would force them to compete with one another and not collude. And it's that simple to solve this problem: remove FDIC, remove all guarantees, remove lenders of last resort, remove regulations and BOOM all the crooks will go up in smoke and what will remain are the honest players.
Yep, but it might take a while. Might look like the current bitcoin economy for some time first.
Sure would be fun to watch.
There is no market regulated by strictly market consumers (i.e. a free market) in traditional banking. Were there one, depositors would shop around and pay attention to the credibility of each bank which in turn would force them to compete with one another and not collude. And it's that simple to solve this problem: remove FDIC, remove all guarantees, remove lenders of last resort, remove regulations and BOOM all the crooks will go up in smoke and what will remain are the honest players.
Yep, but it might take a while. Might look like the current bitcoin economy for some time first.
Well the role of the legitmatised fraud of Central Bank manipulation of interest rates has to finally come to the fore now .... doesn't it?
It is the CORE fraud that the socialist, centralised banking model is resting upon, the rottenness of the concept is finally bearing its just fruit.
There is no market regulated by strictly market consumers (i.e. a free market) in traditional banking. Were there one, depositors would shop around and pay attention to the credibility of each bank which in turn would force them to compete with one another and not collude. And it's that simple to solve this problem: remove FDIC, remove all guarantees, remove lenders of last resort, remove regulations and BOOM all the crooks will go up in smoke and what will remain are the honest players.
Fun to note that the Denver shooting is very likely linked to LIBOR.
(I mean more than just for creating a distraction.)
http://www.redicecreations.com/article.php?id=20936
http://jamesholmeswiki.com/james-holmes-parents-robert/
His father was to testify on LIBOR the weeks after.
Job Occupation. Senior Lead Scientist at Fair Isaac. He spent his entire life in the financial and credit services. His educational background shows exceptional emphasis on Mathematics. He has an extensive educational background. It is reported that he was about to go before Congress to testify against a banking scandal. Robert Holmes current position with FICO involves him handling Fraud
(I mean more than just for creating a distraction.)
http://www.redicecreations.com/article.php?id=20936
http://jamesholmeswiki.com/james-holmes-parents-robert/
His father was to testify on LIBOR the weeks after.
Job Occupation. Senior Lead Scientist at Fair Isaac. He spent his entire life in the financial and credit services. His educational background shows exceptional emphasis on Mathematics. He has an extensive educational background. It is reported that he was about to go before Congress to testify against a banking scandal. Robert Holmes current position with FICO involves him handling Fraud
It's worth noting that this "scandal" kept interest rates artificially low. You paid less credit card interest, lower variable mortgage payments, lower almost everything. The British banks say "you're welcome."
For once, they actually screwed the rich who are net lenders of money, instead of the rest who are net borrowers.
For once, they actually screwed the rich who are net lenders of money, instead of the rest who are net borrowers.
You're forgetting about the inflation that artificially low interest rates cause. That hurts the poor far more than the rich.
It's worth noting that this "scandal" kept interest rates artificially low. You paid less credit card interest, lower variable mortgage payments, lower almost everything. The British banks say "you're welcome."
For once, they actually screwed the rich who are net lenders of money, instead of the rest who are net borrowers.
For once, they actually screwed the rich who are net lenders of money, instead of the rest who are net borrowers.
ehhh not surprising, pretty much everything related to the financial markets is "somewhat" manipulated.
I used to work on wall street :S
I used to work on wall street :S
I never worked on wall street, but came to the same conclusion. It's ridiculous to try and draw lines, just like in competitive sports/doping. What if someone shoots steroids? Unfair to others. What if someone prepares at high elevation to boost up rbc count? Suddenly this is not unfair. What if she has got unusually high levels of testosterone? Depends. Someone arbitrarily decides what value is acceptable. What if someone includes a plant in the diet that contains a yet-uncontrolled booster? Today OK, tomorrow not so much. It's all bullshit.
They'll just lynch a few more "rogue" junior traders foot-soldiers, while I absolutely guarantee that the senior executives will never go to prison.
http://www.zerohedge.com/news/lieborgate-here-come-arrests
http://www.zerohedge.com/news/lieborgate-here-come-arrests
What surprised me the MOST is that ANYONE actually looked at "the official interest rates" and went by that.
Why would any sane investor do that?
"Well gollyjee this bank looks like it's about to go under, but I GUESS if these other guys say I should only get 0,00001% on my loans to them everything should be FINE!" - Only idiots
Why would any sane investor do that?
"Well gollyjee this bank looks like it's about to go under, but I GUESS if these other guys say I should only get 0,00001% on my loans to them everything should be FINE!" - Only idiots
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