Next thing you know I'll find out there is no Santa Claus.

Any of you hear about this lately?

Quote:So, although “conspiracy theorists” have argued for decades that the gold and silver markets have been manipulated by central governments, it is not conspiracy. It is a fact.

The work of Bill Murphy and Chris Powell at the Gold Anti-Trust Action Committee, or GATA, has been invaluable in seeking out the truth. To obtain proof of its allegations, GATA has sued central banks and particularly the U.S. Federal Reserve, against which in 2011 it won a Freedom of Information Act lawsuit in U.S. District Court for the District of Columbia. The lawsuit produced a written admission by a member of the Federal Reserve Board of Governors, Kevin M. Warsh, that the Fed has secret gold-swap arrangements with foreign banks and that the Fed cannot ever permit these gold-swap arrangements to become public. Interestingly, last December, soon after resigning from the Fed’s Board of Governors, Warsh wrote a piece in the Wall Street Journal complaining about the new central bank policy called “financial repression.” He asserted that government policymakers now are “finding it tempting to pursue ‘financial repression’ – suppressing market prices that they don’t like.”

Is the Gold market rigged?

Quote:The chances are good that if you ask someone on the street what LIBOR is, they would guess it to be an obscure country in Africa. The reality, of course, is that LIBOR is something that affects everyone, to the extent that it “sets” the interest rate you’ll be paying for your mortgage, car loan, credit cards, and the rate of return you’ll receive on your pension, 401K, savings and all financial instruments. In total, it establishes the pricing of financial products across the world to the tune of up to $800 trillion. Trillion.

We are now finding out that the entire system has been rigged, enriching the “elect” and financially looting the rest. If you are reading this, you have been robbed, although the corporate media remains silent about who robbed you, how it was done, and which government and non-government officials were complicit and benefited. Why? Perhaps the most compelling reason is that when the “average” person learns the depths at which corruption exists between the various banks, governments and government officials, there will be a revolution like the world has never seen. Additionally, they too, along with many elected and appointed officials, have aided and abetted the fraud. Yes, it’s that bad, and it’s about to break wide open.

The biggest financial fraud in history receives scant media attention

Like you......I'm not really surprised. I just wonder how much most of our elected politician actually know. You would think that the more that know - the more likely someone would spill the beans. I'm guessing it would be a closely guarded thing.

Kind of depends on how many of them are benefitting from it. I suspect that it is a lot of them, if not most.

(07-09-2012 04:48 PM)MileHighBronco Wrote:  Kind of depends on how many of them are benefitting from it. I suspect that it is a lot of them, if not most.

You may be correct, but I wonder how they can all keep their mouths shut year after year. I just can't believe the one of them wouldn't spill either on purpose or accidently......... who really knows. If they're all in on it and able to keep is secret, I guess they are way more sinister than I give them credit for.

Hell, one thinks Guam is going to capsize - another hides kickback cash in freezers, etc. - do you think they can all keep their mouths shut?

Is this just tomfoolery? Or, is their some legs to it? Conspiracy? Think. Can there really be secrets kept that extend over large periods of time? If you want to keep a secret, the best way to do it is to develop and put out a cover story marginalizing and mocking those who would question. The people doing this mocking would do well to ask if they are themselves being used as a tool, because they can't begin to understand all the angles. Just like a "back op", these things go on even today. People want to feel like they understand, but cannot understand that there are many reasons why others would want to mislead. Be very careful those things you take for absolute truths. Very careful.

(07-10-2012 11:15 AM)SumOfAllFears Wrote:  Is this just tomfoolery? Or, is their some legs to it? Conspiracy? Think. Can there really be secrets kept that extend over large periods of time? If you want to keep a secret, the best way to do it is to develop and put out a cover story marginalizing and mocking those who would question. The people doing this mocking would do well to ask if they are themselves being used as a tool, because they can't begin to understand all the angles. Just like a "back op", these things go on even today. People want to feel like they understand, but cannot understand that there are many reasons why others would want to mislead. Be very careful those things you take for absolute truths. Very careful.

Well, I guess if the king of conspiracies doesn't think it is a conspiracy, it must not be.

Turns out the Fed and Timmy G knew about problems with LIBOR as far back as 2007. That means it must be TurboTax's fault.

Quote:According to the calendar of then New York Fed President, Timothy Geithner, who is now U.S. Treasury Secretary, it even held a "Fixing LIBOR" meeting between 2:30-3:00 pm on April 28, 2008. At least eight senior Fed staffers were invited.

http://www.reuters.com/article/2012/07/1...7120120710

(07-09-2012 08:51 PM)Crebman Wrote:  Hell, one thinks Guam is going to capsize - another hides kickback cash in freezers, etc. - do you think they can all keep their mouths shut?

Well. maybe not everybody got into the club.

(07-09-2012 02:50 PM)MileHighBronco Wrote:  Is the Gold market rigged?

Quote:We are now finding out that the entire system has been rigged, enriching the “elect” and financially looting the rest. If you are reading this, you have been robbed, although the corporate media remains silent about who robbed you, how it was done, and which government and non-government officials were complicit and benefited. Why? Perhaps the most compelling reason is that when the “average” person learns the depths at which corruption exists between the various banks, governments and government officials, there will be a revolution like the world has never seen. Additionally, they too, along with many elected and appointed officials, have aided and abetted the fraud. Yes, it’s that bad, and it’s about to break wide open.

The biggest financial fraud in history receives scant media attention

I'm really, really confused by this statement. It is the 'elect' that tend to be the lenders and the rest that tend to be the borrowers. How does fraudulently lowering LIBOR aid the 'elect' over the masses? If you read the entire article, it says that many municipalities are invested in debt indexed on LIBOR...and that is pretty much it for how you were 'robbed' along with this which I have read several times and still can't quite figure out: 'Invested in the stock market? That is a house of cards, with its base partly propped up based on LIBOR.'

The article is needlessly inflammatory. Barclay's bigger crime was concealing their weakened financial condition, and maybe screwing some ARM note holders. The main losers (as well as winners) were the 'elect.'