ROLLING STONE : ROTHSCHILD CORRUPTION IS MAINSTREAM

Rolling Stone: “Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds, 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. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps….

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates.

….In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions).

Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture….

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption.

If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

“It’s a double conspiracy,” says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. “It’s the height of criminality.”

….although it’s not quite as widespread as Libor, ISDAfix is sufficiently power-jammed into the world financial infrastructure that any manipulation of the rate would be catastrophic – and a huge class of victims that could include everyone from state pensioners to big cities to wealthy investors in structured notes would have no idea they were being robbed.

“How is some municipality in Cleveland or wherever going to know if it’s getting ripped off?” asks Michael Masters of Masters Capital Management, a fund manager who has long been an advocate of greater transparency in the derivatives world. “The answer is, they won’t know.”

Worse still, the CFTC investigation apparently isn’t limited to possible manipulation of swap prices by monkeying around with ISDAfix. According to reports, the commission is also looking at whether or not employees at ICAP may have intentionally delayed publication of swap prices, which in theory could give someone (bankers, cough, cough) a chance to trade ahead of the information….

From Political Velcraft –

Attorney General Nominee in Big Scandal: May Jail Lynch ?

Loretta Lynch is in some relatively hot water.

Looks like she has been implicated in allowing one of the world’s largest banks to evade criminal charges after it was found to be guilty of laundering money for all kinds of illicit activity.

World Net Daily originally broke the story back in 2012 before Lynch was looking to assume Holder’s role.

An employee from HSBC bank brought in over 1,000 pages of documentation that showed HSBC was involved in a billion dollar global money-laundering scheme.

The story came and went, and nary a thought given to it.

Until only very recently.

Now the scandal has received more attention from the press, and there is even the suggestion Lynch might have been involved in an illegal deal to help get HSBC off the hook.

Drew Zahn writes, “Obama Attorney General nominee Loretta Lynch may have struck a sweetheart deal with the banking giant that Rolling Stone now calls ‘preposterous even by Eric Holder’s standards.’”

So what happened? How did we get to here?

Well, when WND broke the story in 2012, an investigation was launched into the bank’s illegal activity. Rather than pursue criminal charges, Lynch allowed the bank to settle for the sum of $1.9 billion dollars.

But as more people began to dig into the story, it raised some troubling questions….

From American Prosperity News Network –

Oregon Gov. Kitzhaber resigns in ethics scandal

Oregon Democratic Gov. John Kitzhaber submitted his resignation Friday amid allegations that his fiancée Cylvia Hayes used their public positions for private gain, accepting money from private environmental nonprofits to pursue green policies in the state.

The announcement has not yet been made public but sources with direct knowledge of the matter told local news station KOIN 6 that Mr. Kitzhaber met with administration officials Friday morning to make his plans known.

Reports surfaced earlier this week that Ms. Hayes had accepted nearly $200,000 in payments from green nonprofits to work on controversial low-carbon fuel standard policies at the same time that the administration was promoting new legislation on the issue.

Mr. Kitzhaber’s resignation will take effect 10 a.m. Wednesday. Oregon Secretary of State Kate Brown is expected to assume the office and become the nation’s first openly bisexual governor.

By Kellan Howell – The Washington Times –

Documents Expose Obama Admin’s Involvement In IRS Scandal

[I]t now appears the corrupt and cozy relationship between the Internal Revenue Service and the Obama White House may have been even more extensive than anyone suspected.

The Inspector General of the Treasury Department has reportedly found that thousands of documents containing confidential taxpayer information may have been shared with the White House by cooperating officials at the IRS.

This reported passing of information that should have been kept secret by the Internal Revenue Service — something conservative groups and lawmakers have long suspected — may well have been not only inappropriate but also possibly illegal.

Numerous organizations and individuals claimed that the Obama administration used the IRS as a political weapon in an attempt to harass and intimidate them.

By Norvell Rose – Western Journalism –

Holder Resigns One Step Ahead of the Burning Bridge

By Dave Hodges – TheCommonSenseShow.com –

For months, my sources have told me that Obama will not serve out his entire second term if he does not eradicate the Syrian/Iranian threat to the Federal Reserve’s petrodollar.

Inside sources state that Obama will either be impeached and convicted for high crimes and possibly even treason. Former Attorney General, Eric Holder, has been with Obama every step of the way. Simply put, if Holder stays, he goes to jail, and he knows it.

The fallback plan is for Holder to resign, take the blame for no less than five scandals and then have Obama pardon him before Holder can be prosecuted. With Holder taking the fall for the major scandals of the Obama administration, the trail of criminality ends with Holder’s resignation. This is Obama’s way of staying one step ahead of the burning bridge.

The Facilitation of Criminal Banking

I have interviewed for HSBC Vice-President, John Cruz, as he has detailed how he attempted to inform federal authorities about the criminal money laundering organization present at his bank. Included in the notification of Federal sources was none other than Eric Holder.

When HSBC’s criminal money laundering scheme, on behalf of the Sinoloa drug cartel became common knowledge, Holder excused his passive support by saying that the economy would have suffered if HSBC had been taken down.

Too Big to Fail

When Wall Street played the Ponzi scheme game known as credit-swap derivatives, and broke a multitude of SEC laws, Holder refused to even investigate if major investment firms such as Goldman Sachs had broken the law.

Whistleblowers Purged

Holder has done more to prosecute and stifle whistle-blowing than any other government official, both past and present, as he has made a career out of prosecuting these heroes.

Even the globalist mouthpiece, the New York Times strongly rebuked Holder for spying on journalists and threatening to arrest other journalists for investigating the Obama administration. Let’s not forget that Hastings, Breitbart and Clancy died under very mysterious circumstances under Holder’s watch.

 
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