Friday, April 26, 2013

Like the Mask says . . .

TIME FOR AN OVERHAUL! Just check out Matt Taibbi's article in Rolling Stone, "Everything Is Rigged: The Biggest Price-Fixing Scandal Ever". Worth your time and attention. It's all about the big banks:

The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.


These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation's GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing. Moreover, it's increasingly clear that both the criminal justice system and the civil courts may be impotent to stop them, even when they do get caught working together to game the system.

If true, that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it's no secret. You can stare right at it, anytime you want.

What's it going to take? Maybe we can't do much, but little things like doing business with credit unions can really help.

3 comments:

sinned34 said...

Sorry Ed, but I work at a credit union. Many of them are envious of the big banks and are doing what they can do emulate them.

There's not escaping it, the oligarchy is back, and I don't think anything will stop them this time.

meadowlark said...

Yes. The big banks, Harper giving Canada to Communist China. Banks corruption and thieving. People need to read Harper's speech on, Global Governance for Canada. Harper said. Global Governance, has been worked on since 1945. Someone, really liked Hitler's Third Reich plot.

Since Harper was Policy Chief for his Northern Foundation Party of 1989. Harper's caucus naming Harper a control freak? I knew what we were being set up for.

My son said long ago, it has been about Global Governance for years. He and his University friends, discussed this long ago. I used to laugh at them. I am not laughing anymore. I'm too afraid, they are right. Harper is a total monster.

The Mound of Sound said...

Isn't that what lamp posts are for?