Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship?

Ellen Brown

At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants are being called that and worse, not just in the major media but in court documents intended to prove the allegations as facts.

Charges include racketeering (organized crime under the U.S. Racketeer Influenced and Corrupt Organizations Act or RICO), antitrust violations, wire fraud, bid-rigging, and price-fixing. Damning charges have already been proven, and major damages and penalties assessed. Conspiracy theory has become established fact.

In an article in the July 3rd Guardian titled “Private Banks Have Failed – We Need a Public Solution”, Seumas Milne writes of the LIBOR rate-rigging scandal admitted to by Barclays Bank:

It’s already clear that the rate rigging, which depends on collusion, goes far beyond Barclays, and indeed the City of London. This is one of multiple scams that have become endemic in a disastrously deregulated system with inbuilt incentives for cartels to manipulate the core price of finance.

...It could of course have happened only in a private-dominated financial sector, and makes a nonsense of the bankrupt free-market ideology that still holds sway in public life.

. . . A crucial part of the explanation is the unmuzzled political and economic power of the City...Finance has usurped democracy.


The Meaning of the New World Order

Anonymous

So much has been said of the NWO but the meaning is not clear. Well, here it is in black and white:

NWO is more of the same to the world that befell upon the American Indian Natives, the African Slaves in America and the Indians in India during the Colonial Times aka East India Company. What that means is that the world better be prepared for mass displacement of their peoples to be loosly shunted all over the world for meagre wages. Also, forget your own languages, religions and cultures. They are obsolete and forbidden. They are replaced by English, Western pant-suits and Christianity.

You are owned. Kind of like the Christianized and Westernized South Koreans - who are permanently separated by the West from their long-suffering Northerner brothers who happen to rightfully retain their own original culture intact. The problem, as is everywhere and as usual, is the West. The West wants to dominate, control and conquer the world even if it has to dismember or kill it to "save" it (from itself).


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