The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet Banks are no longer just financing heavy industry. They are actually buying it up and inventing bigger, bolder and scarier scams than ever
Allowing one company to control the supply of crucial physical commodities, and also trade in the financial products that might be related to those markets, is an open invitation to commit mass manipulation. It's something akin to letting casino owners who take book on NFL games during the week also coach all the teams on Sundays.
The situation has opened a Pandora's box of horrifying new corruption possibilities, but it's been hard for the public to notice, since regulators have struggled to put even the slightest dent in Wall Street's older, more familiar scams. In just the past few years we've seen an explosion of scandals – from the multitrillion-dollar Libor saga (major international banks gaming world interest rates), to the more recent foreign-currency-exchange fiasco (many of the same banks suspected of rigging prices in the $5.3-trillion-a-day currency markets), to lesser scandals involving manipulation of interest-rate swaps, and gold and silver prices.
David Stockman - This Financial Collapse Will Be Catastrophic
Eric King: “The Fed and the massive trading room where they are managing these markets, are they going to eventually get overrun and it’s going to be a horror show even in that trading room, where there’s nothing left they can do, no levers to pull as everything comes unwound?”
Stockman: “That trading room is a weapon of financial mass destruction. That’s the point that people need to understand. The people running the Fed today have no clue of the danger that they are creating through this massive market intervention and manipulation....
I wonder if the world will be plunged into an economic "dark ages" when the defaults and currency collapses hit or if the market clearing will contain the damage in terms of years to 5 or less.
Unless it is a bullet, a silver bullet, but not likely to out perform gold. Gold, the money of kings. Better get it dudes. Nothing will out perform this monetary metal, nothing. Not even the USA shit dollar.
David Stockman..."Stockman issued this warning about gold: “The gold market could explode at any moment. I’m not going to even venture a guess as to when that might happen, but clearly it is the asset of final resort when we reach the point where confidence in this whole Ponzi scheme that’s being run by the central banks finally breaks down. It’s almost a sure thing that as we reach the end of this era of massive central bank expansion and domination that the monetary system will break down, the central banks will become totally discredited, and the markets will be in anarchy and dislocation and gold will soar...”
What is gold? Ask yourself...you got some...no?...better get some.
The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet
ReplyDeleteBanks are no longer just financing heavy industry. They are actually buying it up and inventing bigger, bolder and scarier scams than ever
Allowing one company to control the supply of crucial physical commodities, and also trade in the financial products that might be related to those markets, is an open invitation to commit mass manipulation. It's something akin to letting casino owners who take book on NFL games during the week also coach all the teams on Sundays.
The situation has opened a Pandora's box of horrifying new corruption possibilities, but it's been hard for the public to notice, since regulators have struggled to put even the slightest dent in Wall Street's older, more familiar scams. In just the past few years we've seen an explosion of scandals – from the multitrillion-dollar Libor saga (major international banks gaming world interest rates), to the more recent foreign-currency-exchange fiasco (many of the same banks suspected of rigging prices in the $5.3-trillion-a-day currency markets), to lesser scandals involving manipulation of interest-rate swaps, and gold and silver prices.
Read more: http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212
ReplyDeleteDavid Stockman - This Financial Collapse Will Be Catastrophic
Eric King: “The Fed and the massive trading room where they are managing these markets, are they going to eventually get overrun and it’s going to be a horror show even in that trading room, where there’s nothing left they can do, no levers to pull as everything comes unwound?”
Stockman: “That trading room is a weapon of financial mass destruction. That’s the point that people need to understand. The people running the Fed today have no clue of the danger that they are creating through this massive market intervention and manipulation....
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/12_David_Stockman_-_This_Financial_Collapse_Will_Be_Catastrophic.html
I wonder if the world will be plunged into an economic "dark ages" when the defaults and currency collapses hit or if the market clearing will contain the damage in terms of years to 5 or less.
DeleteUnless it is a bullet, a silver bullet, but not likely to out perform gold. Gold, the money of kings. Better get it dudes. Nothing will out perform this monetary metal, nothing. Not even the USA shit dollar.
ReplyDeleteDavid Stockman..."Stockman issued this warning about gold: “The gold market could explode at any moment. I’m not going to even venture a guess as to when that might happen, but clearly it is the asset of final resort when we reach the point where confidence in this whole Ponzi scheme that’s being run by the central banks finally breaks down. It’s almost a sure thing that as we reach the end of this era of massive central bank expansion and domination that the monetary system will break down, the central banks will become totally discredited, and the markets will be in anarchy and dislocation and gold will soar...”
ReplyDeleteWhat is gold? Ask yourself...you got some...no?...better get some.