Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

Discussion in 'News / Current Events' started by poncho, Apr 30, 2013.

  1. poncho

    poncho
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    Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: 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.

    You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."

    That was bad enough, but now Libor may have a twin brother.

    CONTINUE . . .
     
  2. Crabtownboy

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    You missed the one that is over a century old, has left behind war, poverty and misery to enhance their own profits ... that have bee all time high rently.

    Read up on the "seven sisters" of the oil industry. They have been very successful at being under the radar of the populace as a whole.

    Try not to be too depressed.
     
  3. poncho

    poncho
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    I don't get depressed over news like this. I get depressed watching all you guys play blame the other side while paying no attention to what the guys who control both sides (the afore mentioned criminals above) are up to namely all their lying, cheating and stealing our last dime.

    Both sides allow it to continue. Because they were all bought off a long time ago.
     
    #3 poncho, Apr 30, 2013
    Last edited by a moderator: Apr 30, 2013

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