gata.org / By Katherine Rushton, The Telegraph, London / 2014-08-19
By Katherine Rushton The Telegraph, London Monday, August 18, 2014
Paul Robson, a former trader at Rabobank, has become the first Briton to plead guilty to being part of the worldwide conspiracy to rig the Libor interest benchmark.
davidstockmanscontracorner.com / by David Stockman / August 11, 2014
Markets are more dangerous than ever before because six years of radical financial repression by the central banks have planted booby-traps everywhere. Ground zero consists of massive and reckless speculation in newly invented “structured finance” products which were designed to quench the market’s insatiable [...]
zerohedge.com / by Tyler Durden / 07/28/2014 09:04 -0400
That will teach them! Having received full credit for for co-operation and suspending some individuals, Lloyds Bank has been fined by the CFTC the staggeringly wrist-slap-like sum of $105 million for the “manipulation, attempted manipulation, and false reporting of Libor.” Total fines will amount to [...]
goldmoney.com / By Alasdair Macleod / 08 July 2014
The London bullion market is an over-the-counter unregulated market and has had this status since the mid-1980s. The disadvantage of an OTC market being unregulated is that change often ends up being driven by a cartel of members promoting their own vested interests. [...]
brucekrasting.com / BY BRUCE KRASTING / SUNDAY, MAY 25, 2014
Years ago, when I was a Wall Street banker, there was a ton of pressure to make money TODAY. If you made money today (the calendar year) you got a big bonus, you got a raise and promotion and more capital allocated to what you [...]
europac.net / By: John Browne / April 10, 2014
For decades many of us in the hard money world have speculated that cloak and dagger activity by large financial interests has played a large role in determining performance in the gold market. The focus of this alleged manipulation is believed to be in the London [...]
tfmetalsreport.com / By Turd Ferguson / April 4, 2014 at 12:04 pm
With expectations having been raised so high for today’s BLSBS, it was no surprise that the number “disappointed”. Anticipating this, late yesterday we suggested one of two possible outcomes. Lo and behold, we got both!
Again, what continues to amaze me is the [...]
blog.milesfranklin.com / By Bill Holter / April 2nd, 2014
The buzz yesterday was all about the book by Michael Lewis, Flash Boys: A Wall Streetrevolt. I first heard the headline on 60 minutes “The Markets are rigged” and my blood started pumping. I thought to myself, wow, they’re finally telling the truth? What has [...]
truthingold.com / truthing / April 2, 2014 at 10:45
The gold price is driven down in the paper futures market by naked short selling by the Fed’s dependent bullion banks. Some people have a hard time accepting this fact even though it is known that the big banks have manipulated the LIBOR (London Interbank Overnight [...]
outsiderclub.com / By Nick Hodge / March 19, 2014
Is the game rigged?
Of course the game is rigged.
If you didn’t learn that with derivatives and sub-prime… and the subsequent bailouts… you should’ve learned it with LIBOR or the rigging of FOREX or the laundering of money by HSBC or the admission by Andrew [...]
silverbearcafe.com / By William K Black, PhD / March 18, 2014
The FDIC has sued 16 of the largest banks in the world plus the British Bankers Association (BBA) alleging that they engaged in fraud and collusion to manipulate the London Inter-bank Offered Rate (LIBOR). BBA called LIBOR “The most important number in the world.”
zerohedge.com / by Tyler Durden on 03/11/2014 12:39 -0400
“We can’t come out of this with a shadow of doubt about the integrity of the Bank of England,”Governor Mark Carney told MPs this morning on the heels of the report, as we noted here, that found no collusion by the bank to manipulate FX [...]
rowans-blog.blogspot.co.uk / Rowan Bosworth-Davies / FRIDAY, FEBRUARY 21, 2014
Three former Barclays employees have been charged over the alleged manipulation of Libor benchmark interest rates. The Serious Fraud Office (SFO) named them as Peter Charles Johnson, Jonathan James Mathew and Stylianos Contouglas. The men are accused of conspiracy to defraud between 2005 and 2007 and [...]
gata.org / By Katherine Rushton / 2014-02-22
The US Federal Reserve knew about Libor rigging three years before the financial scandal exploded but did not take any firm action, documents have revealed.
According to newly published transcripts of the central bank’s meetings in the run-up to and immediate aftermath of the collapse of Lehman [...]
jonrappoport.wordpress.com / by Jon Rappoport / February 20, 2014
“seventh banker to die recently under mysterious circumstances…”
look over your shoulder, banker man
what do you know, banker man,
about a missing trillion dollars
about the other set of books
about big-time politicians who are in on [...]
kingworldnews.com / February 18, 2014
Today the top trends forecaster in the world told King World News that there may in fact be over 20 dead bankers at this point, rather than the 7 that are being reported, and all of this is happening in order to protect US world dominance. Below [...]
thedailysheeple.com / Melissa Melton / February 17th, 2014
Three former Barclays bank employees have now been charged with “conspiracy to defraud” in the continuing Libor scandal, bringing the total to 13 people charged in America and the U.K. It has been reported that three ex-ICAP brokers are next on the list for [...]
tfmetalsreport.com / By argentus maximus / February 16, 2014 at 2:31 pm
Scenario: Asset A and asset B were trading at 50 last week. Today asset A is priced at 100 and asset B is priced at 25.
Question: Which one would you buy?
Answer: for the short term buy A, but for the longer [...]
outsiderclub.com / By Nick Hodge / 2014-01-29
Let the Market Run Its Course…
Our view of the markets here is no secret.
Since early 2009, the Dow Jones and S&P 500 are up more than 140% — the fastest such rise in history.
But none of the problems have been fixed [...]
coinweek.com / By Patrick A Heller on January 22, 2014 5:14 PM
With all the investigations into market rigging in the mortgage markets, LIBOR interest rate market, and foreign currency exchange trading, it should come as no surprise that official investigations have started into the manipulation of the London market gold and silver price [...]
blog.milesfranklin.com / Andrew Hoffman / January 22nd, 2014
Yesterday, I spoke of how football playoff tickets are selling for incredibly low prices; here in Denver, at lower prices than opening day. Unlike mainstream retail chains like Best Buy, Sears and Macy’s, the people that typically buy expensive playoff tickets have above average incomes and savings; [...]
zerohedge.com / by Tyler Durden on 01/15/2014 21:21 -0500
The Libor manipulation scandal has, as WSJ reports, ensnared at least 17 financial institutions and 22 individuals in a wide-ranging investigation spanning 11 countries and four continents. So far, it has netted at least $5 billion in penalties, with more on the way. The Wall [...]
testosteronepit.com / By Wolf Richter / JANUARY 13, 2014 AT 1:41AM
Germany has its own JP Morgan, the bank that could do no wrong and got bailed out by the Fed and the taxpayer while CEO Jamie Dimon walked on water with a nimbus floating above his head, at least in the eyes of regulators [...]
kingworldnews.com / January 10, 2014
Today David Stockman surprised King World News when he warned, “2014 is the year of the end game.” Stockman also warned about the enormous danger of the Fed’s continued interventions in major markets. KWN takes Stockman’s warning very seriously because he is the man former President Reagan [...]