Wednesday, July 11, 2012

The biggest financial fraud in history receives scant media attention

Doug Hagmann wrote this article for Canada Free Press today, saying there is a news media blackout on LIBOR.

Read more http://www.canadafreepress.com/index.php/article/47926

Bruce

"The chances are good that if you ask someone on the street what LIBOR is, they would guess it to be an obscure country in Africa. The reality, of course, is that LIBOR is something that affects everyone, to the extent that it “sets” the interest rate you’ll be paying for your mortgage, car loan, credit cards, and the rate of return you’ll receive on your pension, 401K, savings and all financial instruments. In total, it establishes the pricing of financial products across the world to the tune of up to $800 trillion. Trillion.

We are now finding out that the entire system has been rigged, enriching the “elect” and financially looting the rest.
...
LIBOR is an acronym for the London Interbank Offered Rate, which is the average interest rate set by a group of international banks and charged by and between banks.
...
Simply stated, a group of about 20 international banks, including many associated with setting the LIBOR rate and a number of U.S. banks have been fraudulently and systematically rigging global interest rates for the past decade, if not longer.
...
Soon, the media will be unable to maintain their silence as the global financial Ponzi scheme unravels and as we predict, victims will take to the streets. This will happen when you suddenly find out your money is worthless, the entirety of our economy and our debt is a fraudulent by-product of financial terrorists of the megabanks and the carnival barkers on Wall Street are mere shills for the global financial oligarchy. Except for a few, the very people who created the financial crisis remain in their positions or have been elevated, and continue to have authority over the global financial realm."

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