The Illuminati Were Amateurs: The Second Huge Financial Scandal of the Year Reveals the Real International Conspiracy

Occupy Wall Street March 2012 foreclosure bannerThe biggest price fixing scandal ever is how Matt Taibbi describes it for Rolling Stone:

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. 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…

[continues at Rolling Stone]

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  • Loki

    Finally some good stuff from Disinfo. It’s been a while.

    • Matt Staggs

      There’s a lot of things on the buffet here. Stick around and you’re bound to find something that is to your tastes. What is “good stuff” for you? Serious question.

      • http://www.donkeywranglertothestars.com/ sly-3

        it’s less about the topic (per se) that draws me to a disinfo story, and more about the slightly cynical, common sense approach to non-mainstream news. a difficult balance to maintain, for sure, especially with the overwhelming crackpot “journalism” that typically haunts the far corners of the interwebs.

      • Geoff Henry

        For me it’s relevance to reality that qualifies good. Not paranormal or individual experience but stories that all of us are affected in traceable ways to clandestine or deceptive activities by others.

      • Loki

        I’ve been following Disinfo for as long as it’s been around. It was one of my first favorite alternative news sites. I even used to comment under different pseudonyms on the boards. It was always pushing the edge of real & imagination. What I’ve seen lately is that with the proliferation of other sites, many of which are copies of the Disinfo model, that Disinfo has fallen behind. That certain stories come days after they’ve been shared elsewhere. It seems to be that Disinfo is a little off the pulse these days but that’s easily remedied. That’s more what I was getting at. Make sense?

  • Anthony Chmielewski

    Eat the rich!

  • Charlie Primero

    Tabbi is a typical statist buffoon who doesn’t know that corporations LOVE government regulation and use it at every opportunity to kill off free market competition which would destroy their profits.

    • Matt Staggs

      He’s best when he’s writing about politics. I loved “The Great Derangement”.

    • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

      in which case it is the otherwise oddity a’la Cantor
      WRONG PREMISE (like Saula said – they’re digging in the wrong place)
      government regulation that does not regulate is not government regulation
      thence the adage “corporate > government”
      thus hypocrisy and thence retroactively RELIGION
      thus violation of the constitution of the USA

      RELIGION aka GUILT INSURANCE FRAUD, LAUNDERING, RACKETEERING
      AKA TAX

      I’VE GOT FREEDOM OR YOU’VE GOT DEATH

      alright on a coolidge note, statistics are not distinct from what you say i.e. combinatorics is both what Tabbi says and what you say and what i say. notice we are all using the same limited alphabet, e.g.
      also, it is the case that we three (at least) hold the proto axiomatic aphoric maxim that the solution we are all searching for may be found in the graphemes representing the data of which we ask questions and seek to morpheme such that solution(s) are apparent.

      • Charlie Primero

        Corporation = Government / Collectivism
        A group of people working together for a common goal is not a person. Collectivism disagrees. It says that such a group should be legally considered as much of a person as you are. Remember, you are not an individual with human rights. You are part of a Collective which has rights which supersede yours. Eastern Christianity says you inherit death, but not the sins of your ancestors and neighbors because you are an individual. Western Judaic Christianity promotes collectivism which says you are born guilty because of your membership in the human collective. Big difference.

        • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

          not so much for a Valentine per se but that’s not to disagree. an infinitesimal is a big difference, pointlessness in case. i do see this function and as well am familiar with differences in sect. bermuda triangles of holy sees and somesuch. in a game of cards as prime factors then, 26 = a/b such that 2*13 is not present in collectivism. and in the case of infinite numbers as corporation, how then to verify the legitimacy if the function is a law? as a fraction? also here to reverse engineer from functions – graphs and algorithms – morphemes – a number.

          thus|thence|then|thereby|therewith|withe the unholy detroit trinity and the pentagon de facto collusion due to pseudo infinitesimals that are operated with illegally as marginal collateral, gross, behavior machines, etc. e.g. someone & promise something that cannot be delivered legitimately e.g. pension e.g. promise due to ‘lack of morale’ e.g. due to failure of employer scheme e.g. due to greed and stupidity … also, de facto collusion of pricing due to multiple collectives acting like a game, like trying to move a truck on a board almost full of trucks to another spot. again, combinatorial.

    • Geoff Henry

      do you work at a bank and are pretending or seriously that mis informed?

      • Charlie Primero

        Tell us how you and Tabbi believe all this would be fixed if only we could get that Goldie Locks “just right” government installed. Go ahead. Explain to us how government and corporations don’t work together. This will be so informative.

        • Geoff Henry

          Dodd Frank and Glass Stiegal for starters. It’s not all bad. There are people like Elizabeth Warren and Al Franken working to fix things. Yes the collusion and corruption are overwhelming for some, but there are good people staying strong to protect the right out there. Your statement does them a great disservice.

          • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

            i’m sure they’re good for it. let’s don’t religion it. stigma aint money. if they’re strategic, it’s music to their ears~

          • Geoff Henry

            Put down the pipe and do some research before you reply to me. “Let’s don’t religion it” and “stigma aint money”? I’m still not sure what that’s supposed to mean.

            Your statements make me want to side with some people and enslave you. I realize that it doesn’t work in the end though so I can’t. Please just try to elevate yourselves without drugs more often than you do with. Meditate sober. Look inside yourself to see how you can become the change you want in the world. There’s a class war coming and they’re going to stomp you if you’re not ready.

          • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

            well it’s obvious you don’t know anything about who you’re talking to, which clarifies your antagonistic protocol. i’m sure you’ve heard the old adage “practice, don’t preach”, so ya, it’ll take more than one to enslave me, not that such a thing is possible, nor does anyone save your self warrant it. so keep up the grapes of wrath long enough to see it smoke. i’ve already done the world my favor and it’s all positive struggle from here on out. i’d be displeased that you did not realize honest application of what i had said if not for knowing what it’s like to charge. do you like the st. louis cardinals?

          • Geoff Henry

            Likewise, and read your previous post for evidence of an antagonistic protocol. I answered your silly uniformed question, which you ignored. so now for you to back up your position, are you advocating Anarchy as the solution to corruption?

            We do practice, believe that. And beyond, we also empower others with aquaponics, munitions, and tactical training. That’s all I can say in this forum. So fuck your I did my good deed in life so everything is fucked because it didn’t work attitude. You’re defeated, not by me, but by yourself.

          • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

            your friends in high places cannot be disserviced, psychosis, et cetera. if you said disserviced in passing and aren’t keen on keening on the whetstones Contradiction and Hypocrisy, use your favor to interpret someone else’s words instead of solely your own berserkergang. also, as you say, you admit you may speak to one who is disserviced by your word, yet that you know not as the admittance, test, feat, deis. berserkergang. your statement does them a great disservice, for they can defend if need be, and their actions speak for them. you’ve gone so far into your cardinal image you’ve verily missed that i haven’t such an attitude as you proposed, that i’m working with my own pressures of corruption and chaos in the automobile industry, and that per your request i’ll gladly sacrifice a feat to suggest again that you either stand off your mirror or speak with it. i’m advocating that illegal intimidation is not the solution to corruption. i’m advocating that that advocation is neither a sacramental bread nor an accusation. i’m advocating that my vocation is necessarily backed up as a noun, not an adjective, and not verbiage. you?

          • Geoff Henry

            Your sarcastic dismissal of the work that people like Elizabeth Warren and Al Franken is the disservice. Your focus on the corruption of an industry built on an option is noble but myopic. Monsanto wants to control everything you eat, and I suspect there’s a link to pharmaceutical industries profiting from the cancers provided through their work.. Food, water, clean air. These are the essentials. Aquaponics for food is my focus to bring to masses.

          • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

            if it seemed like i dismissed their work that was not my intent. i value in silence and i am different. difficult, perhaps, though it’s something of a curseblessing. it makes me capable yet somehow is inevitably linked to unfortunate events. such is the way of balance though. it is perhaps that you feel in me the way i handle times when people praise me. for the most part i humbly reject it and let them know it is intent to work and morale for which i do. peeves? is that what it would be? pet peeve? i’m not sure. idiosyncrasy perhaps. i do not mean it toward an ill towards good people. yes this long term future with genetics and food and health is at the high of current problems and i only wish i had more to spend with it. my focus is in assisting computation, which is a double edged sword. i am at a loss what to do with what i have, for it is that which one would not wish to fall into the wrong hands, enemy hands, or scheming corporate greedblood hands. i wish you well and to all servicers the same

          • Juan

            As far as the class war, whaddyamean “coming?” Hello! We’re in the midst of it right now and have been for years. The damn thing got kicked into high gear starting with that wind up cretin, Raygun. We’ve been steadily loosing since then, and the downward spiral is only speeding up.

          • Geoff Henry

            We’ve only seen the wind up so far. We still have guns. When that right is encroached upon, the war begins.

  • bobbiethejean

    No we don’t “owe them an apology.” If anything, they owe US an apology for muddying the waters with their stupid conspiracies and distracting people from the REAL, serious issues like massive government corruption and bank scandals going on…. REAL being the operative term, REAL and NOT based on, of all fucking things, hatred of Jews.

    • Jamie

      Not cool, not cool at all.

    • charlotte

      You…are aware that many conspiracy theorists are/were decidedly NOT on the bizarre religious right fringe (the part that doesn’t like Israel), right?

      I mean, there are a lot of rappers…like, against the “Illuminati” and/or racism, or what-have-you…(the ones that aren’t Jay-Z)…and like, several nice podcasts…and…and…

      Just sayin’…you should do a little research on your conspiracy histories before you right off all conspiracy theorists as bigots.

  • CosmicAmazing

    - “Screwing around with world interest rates that affect billions of people in exchange for day-old sushi – it’s hard to imagine an image that better captures the moral insanity of the modern financial-services sector.”

    Kinda hard to imagine your interest rate on your mortgage going up because of a bribe involving day-old sushi..

    • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

      not so much hard (per se) for me because i work at an auto dealer. i’m in the department that has dealing with all the other directly, so it’s like haveing a free fed-but-not-fed eye on it all. and yeah, the shit ya learn …. makes me want to vomit and turn it all in. “judge. mr. judge. i … i’m done. here’s this shit. ” *ramble rant depressed all the way out; conscience alieved is more a chip on the shoulder*

  • Opposite Day

    Fuck these banker scum, fuck them in their stupid asses!

  • Juan

    Yeah, so? Nothing will come of this. Not one of these parasites will do a day in jail. There will be no public outcry, and these rat bastards will continue to treat the rest of humanity as their very own livestock to be exploited at will.
    They own the fucking government. The puppet whores they paid for are doing their bidding so they are essentially untouchable. It’s so fucked up.

    • Andrew

      Great argument for doing nothing.

      • Juan

        And you suggest . . .

        • Geoff Henry

          Start by sending the full RS article to everyone you know. Especially those with money.

        • Andrew

          Assassinating financiers and stock brokers.

          • Juan

            Hordes of angry peasants with torches and pitchforks storming the NYSE, shouting “Kill the monster.”

          • Calypso_1

            The peasants will be cannibalizing themselves before that happens.

          • Juan

            One can dream, damn it!

          • Calypso_1

            Last night I had a dream conversation with Mr. Muskrat that lives down by the stream.

          • Hadrian999

            good luck with that, they can afford mercs and spooks for body guards

      • Jin The Ninja

        i all about building alternative institutions and creating temporary autonomous zones, but let’s face it, juan is right.

        • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

          then it is far past time for nothing
          king tut was the son of such as these days
          there’s no such thing as a power vacuum
          and not so much vacuum power
          just vacuum
          suck
          void
          slices and dices in space
          chopped and shopped
          like so many butchers
          lights filling in the wounds
          electrons shunting off each other
          plutonic photons and neutrons debating each other
          levitating
          space is a box of donuts to throw at the cop outs
          jelly donuts with so many holes
          tori tori
          so full of void
          smashing and pulling each other all together like …
          like Goliath stood on them
          to crown jewel the babel spire
          downward
          the jelly is nothing, gentlemen
          the jelly is nothing and it sucks
          therefore we have shit and stuff
          smashing donuts all together
          like as if it was life

        • Andrew
          • Juan

            Thanks for that link, man. Very interesting read.
            Looks like there is some good stuff on that site.

          • Jin The Ninja

            to say i”m more than a little wary of bey for this reason is a grosse understatement.

            the concept behind the term, “temporary antonymous zone” is not his, he only coined the term, so to speak.

            it is a general principle of anarchism if not revolutionary- then to build parallel institutions or democratic tendencies in our own communities.

        • Hadrian999

          i like the idea but any new structures will be attacked immediately, so anything you try needs to be able to defend itself in some way

          • Jin The Ninja

            agree, but i just meant i cannot see ‘the system’
            changing from the monolith it is,nor reforming itself to be accessible and held by the rule of law.

      • Hadrian999

        so what’s your grand plan?

  • BuzzCoastin

    You mean they rigged the whole financial enchilada?
    I neva woulda thunk it.

    • http://artasith-m-nasdsnre.tumblr.com/ Simon Valentine

      lol buzz with the simple ++

  • Marek Zielinski

    You cannot avoid something that is inevitable, especially when
    prophesied in the ‘News for Today’ – the Book of Revelation 18, and 19: 1-5.

    Babylon is Destroyed

    18:1 After these things I saw another angel, who possessed great
    authority, coming down out of heaven, and the earth was lit up by his
    radiance.

    18:2 He shouted with a powerful voice:
    “Fallen, fallen, is Babylon the great!
    She has become a lair for demons,
    a haunt for every unclean spirit,
    a haunt for every unclean bird,
    a haunt for every unclean and detested beast.

    18:3 For all the nations have fallen from
    the wine of her immoral passion,
    and
    the kings of the earth have committed sexual immorality with her, and
    the merchants of the earth have gotten rich from the power of her
    sensual behavior.” …

    Read it on line, taken from: https://net.bible.org/#!bible/Revelation+18:1

  • http://www.facebook.com/rogeh.raffoul Rogeh Raffoul

    Yes conspiracy theorists dont really do much to change things.. They dont even base 90% of their ideas on actual evidence..

    In other words, they collect random facts, find a random connection between these facts and come up with an assumption..

    Their actions might lead to people to critically think and question the system but they also do spread misinformation, propaganda, sometimes demonize certain people or groups of people without any evidence or proof and provoke ignorant crowds to blindly take ignorant actions based on sentiment..

    I never believed what conspiracy theorists say or claim but I never said there isnt some truth to what they claim yet they dont even bother to back or prove their hypothesis with evidence or proof.. Hence following their theories by the word without questioning them is an act of ignorance.

    We dont owe most of them an apology because they are in most cases irrational, dogmatic and tend to, in many cases, divert people from the actual logic, evidence or truth..

    You want to make a change, teach people how to think, how to question and how to come up with reasonable, logical and mature decisions based on EVIDENCE.. Not fill their heads up with propaganda like assumptions about a certain establishment based on randomly sewed up facts and in some cases, assumptions, that could stir up sentiment..

    Mean while the bankers are having a good time while people are wasting their time with a randomly made-up conspiracy theory that doesn’t do anything but make a laughing stock out of its blind followers. They have very intriguing ideas but they fail heavily to make use of them and to properly make a change.
    Plus, we all know protesting wont get us anywhere, nowadays.

    • Aipeed Teaitchse

      Just curious how you arrived at 90% because I’m assuming that statistic based on actual evidence?

  • Aram Jahn

    I’m sure justice will prevail, Obama and other socialists will fix it all, make it fair, these crooks will do life prison sentences, and we’ll all be doing better by next Tuesday after lunch. Yea. the world works that way.

    • Matt

      Obama is a puppet. So are all the other “socialists” as you call them. Who is not another minion of the NWO? Those that are not “in the system”.