Price of Bitcoins is freely established by peer-to-peer user market – the first and possibly only free market opportunity for truly democratic commerce in all of history. Watch Episode 438 of Max Keiser demonstrate how a few big Banks rig “fix” gold & silver prices, benchmark prices for Libor, Credit Default swaps, energy prices, commodity prices, ALL currencies, and operate huge conspiracy of fraud, deceit & insider trading!
Published on Apr 30, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert are off to see the price fixers, who rig and rig and rig and rig and rig – but only for Jamie, Lloyd and Blythe! They look at how amateur the Illuminati and Bilderbergers are compared to the modern day Fixers of Oz who control all prices from behind their golden kimono. In the second half of the show Max talks to Satyajit Das, author of Extreme Money, about Japan’s extreme monetary policy and about extreme price fixing at the heart of the global economy.
Published on May 18, 2013
In first half of this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the ‘bonus benchmark.’
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fixby Matt Taibbi
…The only reason this problem has not received the attention it deserves is because the scale of it is so enormous that ordinary people simply cannot see it. It’s not just stealing by reaching a hand into your pocket and taking out money, but stealing in which banks can hit a few keystrokes and magically make whatever’s in your pocket worth less. This is corruption at the molecular level of the economy, Space Age stealing – and it’s only just coming into view…. Translation: When prices are set by companies that can profit by manipulating them, we’re fucked…
Why Is the Libor Scandal So Important to You?
There have been numerous big banking scandals recently.
The former CEO of Barclays said today that banks across the world were fixing interest rates in the run-up to the financial crisis .
MIT finance professor Andrew Lo notes:
This dwarfs by orders of magnitude any financial scams in the history of markets.
Professor of economics and law Bill Black points out:
It is the largest rigging of prices in the history of the world by many orders of magnitude.
Indeed, the scandal effects an $800 trillion dollar market – 10 times the size of the real world economy.
Matt Taibbi explains that this is the “mega scandal of all mega scandals”, because Libor is the “sun at the center of the financial universe”, and manipulating Libor means that “the whole Earth is built on quicksand.”
Interview and video from Democracy Now!
London Interbank Offered Rate (LIBOR) is the average interest rate banks charge to borrow from each other. Quotes from Matt in the interview:
“Ordinary people actually suffered when Libor was manipulated downward, mainly because local governments, municipal governments tended to lose money. Even the tiniest manipulation downward, when you’re talking about a thing of this scale, would result in tens of trillions of dollars of losses. … The banks weren’t doing this just to make themselves look healthier, they were also doing this just to make money. They were trading against this information in what essentially was the biggest kind of insider trading you could possibly imagine.”
As I’ve argued, these are crimes that cause trillions in damages to the 99%, committed as “business” by a 1%, and covered-up by corporate media.
These crimes center in money and war.
These crimes annually kill millions, harm billions, and loot trillions of our dollars.
The solution I see is for the 99% to recognize these acts as “emperor has no clothes” obvious criminal, and demand arrests. With arrests and removal of corporate media’s propaganda, we’ll have opportunity to engage in solutions in money, credit, and optimal benefits of public monies (CAFR disclosed trillions).
The arrests will happen as a function of public demand. The 1% buy the top of law enforcement, but the bulk of this force has allegiance to the 99%’s interests. One percent cannot force us to support criminal government.
Connect with Max
Please feel free to donate and thank you for your support!