Rothschild cheating Americans who hold adjustable rate mortgages increasing their debt burden by more than the true market warranted
This is nothing new. And the US open market operations where the interest rates in our "lower loop" are determined, where the prices of loanable funds in America are set are determined by a market even smaller than the LIBOR and with every bit as much secrecy -- except that conspiracy is still to cozy and select to be exposed.
And one wonders -- is the Libor scandal merely a sacrifice of a bishop to save the Queen? or the King? Did the City realize that the public wanted blood, and so they chose to give up a left arm rather than be eaten entirely?
And if the LIBOR is the left arm, what would be the right? The LIBOR is like the American Federal Funds Rate, except that it applies to international merchant banks, rather than US lower-loop commercial lending institutions. LIBOR is "world governance" banking. But the Federal Funds Rate, the rate at which US lower-loop banks lend to each other is not the powerful influence on inflation and deflation that are open market operations conducted by the New York Federal Reserve Bank. And the LIBOR is not the influence that the City of London trading groups have with the Bank of England in the sterling money markets which are the real driving engines of deflationary depression for private gain.
Then too there is the manipulation of the gold market - which is in fact an administered price. (See article from Don Stacey below)
And one must remember in studying the activities of LIBOR, that because of deflation even a zero nominal interest rate is today a high nominal interest rate. When the deflation windfall that goes to creditors is far bigger than the LIBOR interest rate and consequent derivatives fraud. The FED has its FOMC and the Bank of England has its Monetary Policy Committee conducting OMO's (open market operations) -- but in both cases these committees are figureheads, the real changes in money supply in private hands versus securities in private hands is determined by a few trading group representatives dealing with a special and very submissive agent fo the central bank. When these elite group traders want money for securities we have a trillion dollars of Quantative Easing, when they want out of money - at the opposite end of the cycles of inflationary easy credit versus deflationary contraction of credit - they buy back securities at the high interest rate which the inflation forced. etc. THIS KIND OF MANIPULATION IS FAR GREATER THAN THE ABUSES OF THE LIBOR AND THE DISCOUNT RATE. Although the LIBOR has been used to help sabotage economies by alternately causing people with adjustable rate mortgages to pay more and thereby increasing the rate of deflation as money is drained from the lower loop all the faster.
Getting to the bottom of the LIBOR fraud is not the same as getting to the bottom of a corrupt international monetary system. In fact the LIBOR scandal may just be a sacrifice to push people into asking for international regulation, of forcing Britain to join the EU consolidation of regulatory power in international hands not accountable to any representative government.
What do you think? Is this the LIBOR scandal merely for show, is the uncovering of the scandal itself merely a manipulation of public and Parliament or is this a real comeuppance in the works? I doubt it is the latter. There simply is no group in England powerful enough to give the City its comeuppance. My guess is that this is a controlled "sacrifice" for show, a fake purging of evil by Satan himself so we will trust him again.