Grant Williams in his latest discusses Barclay’s manipulation of LIBOR and how the massive media attention of perhaps the largest case of fraud in world history will induce a fundamental change in how the mainstream media treats financial conspiracy theories.
As we have pointed out (and discussed last week with Turd Ferguson), the LIBOR fixing scandal likely may end up being the black swan event that publicly exposes the cartel’s manipulation of gold and silver.
Attempts to manipulate free markets invariably end badly – after all, they are, supposedly, by their very nature, free. Over the past few weeks, the exposure of the Libor-rigging scandal has monopolized the headlines of the financial press. The rather obvious implication being that given almost half the reported inputs that help establish the Libor rate are discarded immediately, Barclays simply CANNOT have manipulated the Libor rate alone. Period. At best this is a cartel, at worst it’s outright fraud on a scale that is completely unprecedented. In Grant Williams’ humble opinion, the Libor scandal will mark a fundamental change in the treatment of financial conspiracy theories in the media.
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About time they dig a hole for Mr. Chilton…that guy is about worthless for the silver investigation. Let’s get that next up on the list of manipulation charges!
There are several things I took from this and all appear to be pretty important in the overall scheme of things.
This conspiracy went undisclosed for nearly 20 years. LIBOR affects everything. Borrowers are ripped of paying more for their loans. Investors and even governments lost huge sums when they bet on derivatives in the hopes that rates will go up only to find they are on the wrong side of that trade when rates were ground lower. Gold lease rates are determined by LIBOR, exacerbating the PM manipulation. Even other derivative prices and rates are driven by LIBOR. The Fed’s terrible and ultimately destructive ZIRP policies are driven by and established by LIBOR. All the rates in Europe that are either helping the lower rate AAA rated countries or hammering the higher rate countries into bankruptcy are driven by this LIBOR rate and its rigging. This has caused immense suffering world wide as the unfortunate countries will low ratings are destroyed by higher rates.
It makes me wonder that if the 20 year LIBOR manipulation that could be so well hidden in plain site could lend some real additional credence to other real truths, truths relating the other conspiracies and things that go bump in the night, and well they are hidden. Creatures such as the power elites, Bilderbergers, lluminati, Freemasons, Rothchilds and Roosevelts, Trilateralists and others who hide behind the curtains, pulling the strings from the cool dark castles; are they more real that we thought or supposed. If the biggest financial scam in history could be played out for 20 years right in front of the noses of every politician, consumer, business and government world wide and no one figured it out until two weeks ago, what sort of creatures hide in plain sight, manipulating us at will without our even knowing they exist. If LIBOR manipulation was so easy to hide, what happens when someone makes the effort to conceal themselves.
The last thing I took from this post was the really deep scandal and problem and that is the evident manipulation of gold and silver As the author noted, these precious metals are even a larger matter of concern because they underlie everything in the world of currency, evidently even more important than LIBOR, despite the fact that LIBOR controls $500 trillion in contracts whereas gold and silver amount to maybe $5 trillion in real physical value. It makes me wonder if the unfolding of this LIBOR scandal will force the banks to stop manipulating precious metals. I don’t know if the disinfecting light of day shone on these corrupt practices will stop them or if TPTB will simply turn a blind eye once again and allow this to continue. Time will tell
The Elite are the Masters around all this. Create Big Debt then buy it back and watch the pigeons fall in line, Do as We Say, Or Else.. Do we really expect anyone to be charged over this? I don’t believe so as it will take forever to get to court and by that time the Elite will be in Power and will let their Patsies have a free ride or they just might just throw us a few heads for the Power of The Cause. Keep Stacking Folks.