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stompk 09-20-2012 11:12 AM

LIBOR - An Explanation About The $800 Trillion Scam
LIBOR stands for London Interbank Offered Rate.

Now, yes, it pertains to interbank lending rates..

But what I would like to discuss, is how US companies
and state and local governments have been scammed
by London....

Corporate Sweep accounts are overnight (generally) bets
against the difference between the Euro and the Dollar.

If an American company has some extra cash in their payroll, 401K
or pension account, they can (through the bank) bet overnight that
the dollar is going higher against the euro (other currencies too, but the
euro is the main bet)

At first, back in the early 90's, it was just big companies like GM and GE, etc,
where in the exclusive swaps club.

But as Basel and the BIS relaxed the rules, smaller and smaller banks got involved..
and smaller and smaller companies got involved, and eventually government started
using municiple bond funds and pension accounts to bet.

You see, this whole thing was creating a whole new breed of gambling addicts.

Pretty soon, CEO's were buying 3rd, 4th, and 5th vacation homes, admins were getting bonuses, employees were getting raises.

Banks loved it, because they were raking in fees, so they started borrowing more money from the central banks to make easy loans for just about anything. The money was flowing, just like the roaring 20's.

Since the LIBOR controlled the interbank loan rate, the manipulators (16 major banks) artificially ran the rate up, so they were really getting rich..The Fed loved it because they were printing money as fast as they could, and charging interest right on down the lines of banks they lend money to.

But the excessive printing was having a negative effect on the value of the dollar, and these companies and govt entities starting losing money, and the bets were getting too big to fail, and suddenly the money changers like Lehman and AIG collapsed.

It was a house of cards. Trillons of dollars were being bet overnight. The banks needes their heroine (currency). So the LIBOR manipulators suddenly dropped their rates from up around 5%, to what is now .015%. FREE MONEY!

Whew, banks breathed a sigh of relief, and the govt and media blames it on too many easy loans to poor people.

Soon we had terms like TARP, and Quantitative Easing...

While this was all going on, big banks especially in the US, where selling their gold to smaller countries who were not in the gambling ring...Tiny countries were were suddenly awash in gold.

The banks soon started selling gold they didn't even have. You see, when banks sell gold to a country, they don't even physically move the gold. It's all done on paper...

So no one really knew how much gold there was in the banks, and everyone wanted to know how much gold was under the WTC in their vaults.

They needed to get what was actually in there and move it out and make it so no one could audit their gold reserves.


stompk 09-20-2012 11:41 AM

Re: LIBOR - An Explanation About The $800 Trillion Scam
So, essentially, 9-11 was to hide the gold, and it was blamed on the muslims because many of the muslim countries had a bunch of the gold owed to them, because there religious laws didn't allow gambling, and they viewed the LIBOR swap market as gambling..

So after 9-11, Saudi Arabia, Israel, Brazil, the UK, France, Mexico, Australia, Canada and Germany all got their gold owed to them...

The smaller countries like Haiti, and Venezuala, Iraq, Iran, Libya, Egypt, Greece, Spain, Japan didn't get their gold...

Since the Muslims were blamed, and Iraq and Afghanistan were making the biggest stink, they had to be quelled.

Haarp was used to shut Haiti and several all small countries through earthquakes.

A massive nuclear explosion off the coast of Japan shut them up. Fukushima had to be blown up to explain the massive radiation from the tsunami explosion that the US would experience.

With the Gold issues out of the way, the money changers could get back to printing money, bailing out the banks, govt housing, munis, GMs, etc.


stompk 09-20-2012 11:56 AM

Re: LIBOR - An Explanation About The $800 Trillion Scam
Now, once again we are sitting on the precipice.

The dollar is threatening to collapse, loans have dried up,
people are tired of war, and some are waking up.

But someone has all the money, right. And someone
has been buying up all the properties through mortgage
backed assets. The Bank of England, and the New
World Order Central Bank is located on The Isle Of Mann,
in a giant computer called the CUBE.

Queen Elizabeth is currently the 'Lord Of Mann', but Prince
William is being groomed to become the Lord of Mann.

Actually, they spell it Lord Of Man.

stompk 09-21-2012 06:28 AM

Re: LIBOR - An Explanation About The $800 Trillion Scam

Wall Street would welcome paying token fines and sacrificing a handful of ‘rogue traders’ for the rigging of Libor. Those penalties would be exceptionally cheap prices to pay for the largest financial scandal in Wall Street history.

Royal Bank of Scotland managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired

Read more:
You'll notice that MSM is completely ignoring this.

stompk 09-23-2012 12:25 PM

Re: LIBOR - An Explanation About The $800 Trillion Scam
Bump because there is some asshole posting spam to try and bury this thread.

stompk 09-26-2012 07:20 AM

Re: LIBOR - An Explanation About The $800 Trillion Scam

Former RBS trader in quotes: Libor is a 'cartel'
Former Royal Bank of Scotland trader Tan Chi Min told colleagues the state-backed firm was able to move global interest rates and described Libor fixing as a "cartel", according to court filings.

More like the NWO shadow govt.

stompk 09-27-2012 07:29 AM

Re: LIBOR - An Explanation About The $800 Trillion Scam

It is being heavily tipped that the Financial Services Authority (FSA) will strip the British Bankersí Association (BBA) of its supervisory role, in an attempt to restore trust in the interest rate benchmark.

How many British bankers have been to jail over this.....0

stompk 10-01-2012 07:13 AM

Re: LIBOR - An Explanation About The $800 Trillion Scam

stompk 10-02-2012 03:56 PM

Re: LIBOR - An Explanation About The $800 Trillion Scam

A pair of GOP senators is pressing Treasury Secretary Timothy Geithner on his "complacency" over continued concerns about a key interest rate found to be manipulated by big banks.

Sens. Chuck Grassley (Iowa) and Mark Kirk (Ill.) accused Geithner of not informing the American public of problems with the London Interbank Offered Rate (Libor) and failing to find a replacement benchmark rate after it became clear the rate was being manipulated by the banks tapped to help set it.

Warning to asshole posting spam. I will send you a curse.

stompk 10-03-2012 07:03 AM

Re: LIBOR - An Explanation About The $800 Trillion Scam
They are still manipulating the rate.


Key Euribor and Libor bank-to-bank
rates hit fresh record lows on Wednesday, as the huge volume of
cash pumped into the banking system by the European Central Bank
and the prospect of further cuts in its interest rates extended
a year-long slide.

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