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Originally posted by idealord
Also, with regards to Royal Bank of Scotland which is about to be fined $233 million for its role in the Libor-rigging scandal. The bank is 82 per cent owned by the taxpayer and is said to have no power to claw back bonuses from the traders responsible. So the bank is fined for robbing taxpayers via Libor, and the fine is paid by the taxpayer.
So, they have not only taken the money and ran, they're making us pay for their party.
Originally posted by EarthCitizen07
Originally posted by Benchkey
You say Guillotines are too harsh? Well this cabal has ruined the economy of the world, and in each of their countries they have committed TREASON. What else do you do with people who have damaged their country is such a profound way?
What good did the french or russian revolution accomplish other than setting back the inevitable? You cut one head of a masonic hydra and two more develop the next day. We are dealing with systemic root corruption at a biblical level.
Capitalism is what enables the conspiracy and money is not the end goal. Money is a way TO BUY enough influence to set up and finish some dubious evil agenda. I can think of ufo&alien non-disclosure via an international security state which classifies absolutely anything it wants; ie no questions asked! We are dealing with a global dictatorship which is approximately 3,500 year old.
I am sure I am speaking chineese to most folks and it is futile but one must try none the less. The problem is the guillotine IS NOT CRUEL ENOUGH! When confronted with an eternal enemy you must preserve it and torture it for as long as possible. A third world prison is barely good enough for me and I mean absolute filth allowed to encourage walking critters biting the victim. I am talking electroshock therapy, punctured organs, extreme heat therapy, pulling nails, homosexual activity, etc.
Originally posted by muzzleflash
Beware however, that the notion that anyone in the Mainstream Media would be revealing the "quicksand" that our system is technically built upon, creates political, economic, and intellectual instability among the population.
Such bizarre turn of events leads one to become suspicious of ulterior motives or unseen agendas.
Caution must be exercised here before anyone makes any choices of exactly how to react constructively.
We need to study more, share our findings, allow the information flow to get kicked up a few more notches.
This is the best strategic approach currently, information warfare.
Also I would highly suggest utilizing and demanding that the law be upheld and that criminals be apprehended, charged, tried, and if guilty, prosecuted.
If anything is to be won, we must grasp it legitimately within our rights.
Dealing with corruption with more corruption is not the answer.
We need merciful justice, rather than vengeance.
Originally posted by kosmicjack
This is all the more reason to forgive all debt. It was a totally rigged system. A complete fraud. And the fact that the U.S. media is mostly ignoring this story just goes to show how in the tank they are for corporate interests. We knew that, however, this story is just so huge - to NOT cover it causes a bit of cognitive dissonance.
To an extent, I agree with the poster on the front page who said what else is this scandal obscuring? Will the implosion of the banking sector usher in a new system even more tyrannical or oppressive? Is it any coincidence it is happening in 2012 which is thought by so many to either herald doom or an entirely new paradigm for humanity?
So many implications for this...
Originally posted by old_god
They are TPTB, in plain sight but it's amazing how well concealed they all are, living right next to us with the masses unaware, because they have been able to create a whole another layer of reality (if you have enough money you can do almost anything).
I think the truth would be so horrifying that the people of the world would literally revolt, probably why governments are taking military action in their own homeland and why the TPTB are desperate for a new world order (they need a big reboot to make it all happen again, why they engineer wars etc).
Originally posted by detachedindividual
Originally posted by illuminnaughty
They just said on the news here in the UK that there was no crimes comitted? Fraud and deception does not count for the financial servises? WTF???
They're trying to claim that because there was no specific law relating to the manipulation of the Libor, they cannot be prosecuted. But other legal professionals are pointing out that the law states that gaining a monetary advantage through deceit is fraud. There is no specific law covering Libor, but fraud still applies under standard law.
Basically, this would be like you robbing a bank, and stating that it was legal because there is no law specifically stating that is illegal for a person with legs to rob a bank.
They accept that there are laws which cover all of society, but they believe that bankers are not subject to those same laws. That is what it comes down to.
There are now moves in the UK to take action. Protests are being arranged, even by the military after 20,000 jobs were announced to go. There are groups popping up all over the place planning to start letter writing campaigns to their MP's and their banks, demanding an explanation and how they might have been affected. The plan is to send a tidal wave of complaint to disable the banks.
It's a start. But I personally think this is the one thing that could finally tip this country over the edge. It'll be interesting to see how the protests develop after this, and how the UK government now tries to push through their internet spying agenda to prevent it. I can almost guarantee they'll be working on that as a priority now.
Originally posted by poet1b
Free market economist at work, all the result of Newt Gingrich's contract on Amaerica (and the world), and people actually voted for that troll. If there is a hell, sending money to your televangelist won't save you.
That anyone who isn't worth $10M who votes for Romney is a complete moron.
Yeah Romney is the far greater evil.
Bankers have proven once again what scum they are.
Originally posted by bsalert
SFO launches Libor investigation
and now the # is hitting the fan
The Serious Fraud Office (SFO) has confirmed that it has formally launched an investigation into the rigging of the inter-bank lending rate, Libor.
Earlier this week, it said it was considering whether criminal prosecutions would be possible.
An SFO spokesperson confirmed that a dedicated case team had now started work.
Its involvement follows an investigation by US and UK regulators into the manipulation of Libor.
After that, Barclays agreed to pay a record £290m fine for trying to rig the key interest rates, sometimes working with staff at other banks.
The SFO would say who it is investigating. Its short statement said only: "The SFO Director David Green QC has today decided formally to accept the LIBOR matter for investigation."
Originally posted by Asktheanimals
reply to post by illuminnaughty
Let the elites crash the system and run to their underground bases.
I'll bring the bulldozer and start pushing dirt!
More than a dozen of the world’s top banks are currently being investigated for manipulating the London Interbank Offered Rate or LIBOR which is used to set interest rates on more than $360 trillion of securities, including mortgages, student loans, credit cards, and swaps. So far, Barclays is the only bank to be fined ($453 million), but the probe is rapidly expanding meaning there will be more penalties to come. What the banks on the 16-member Libor panel are alleged to have done, is submit artificially low figures to keep the Libor rate down. The figures they submit are supposed to reflect their actual costs when borrowing from other leading banks. Many of them did not do that. They fudged the numbers to make it look like they were in better financial condition than they really were or to maximize their profits on derivative trades. By rigging rates, the banks defrauded investors out of tens of billions of dollars and grossly distorted the markets. Under the Sherman Antitrust Act, price fixing is a criminal offense. Someone needs to go to jail.
As of today, there are no reliable estimates of how much investors, mortgage holders, swaps traders etc may have lost by the rigging, although this back-of-the-envelope rundown by the Wall Street Journal is helpful: “If dollar Libor is understated as much as the Journal’s analysis suggests, it would represent a roughly $45 billion break on interest payments for homeowners, companies and investors over the first four months of this year.”