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While the media is having a field day speculating about Facebook's CEO Mark Zuckerberg's knowledge or not of the alledge overvalue of Facebook stock prior to it's $38 IPO; you have unsuspected highly sophisticated thugs in suits; getting caught red handed in what is said to be the biggest bank heist of the history of the world; yet it is not BIG NEWS?
Although the culprits did not go as far as posing for photo souvenirs like the makeshift above during their elaborated scam; they did "Pop The Champagne." Now they are barely breaking a cold sweat while forking a reported "$450 Million to several european and US agencies" last month according to PETRINO DILEO in one of his recent analysis. Lets put that in perspective shall we. $450 million is about less of 1% of Barclays yearly revenues.
So what happen and why should you care? Do you remember the financial fiasco of 2008? I bet you do. According to the Evolution group and I am quoting "Fat-cat bankers have rigged the banking system to steal billions...even trillions of dollars from the little guys over the last 5 years." In the middle of the controversy is U.S. Treasury Secretary Timothy Geithner who knew or had Enough propable evidence of the rigg in 2008.... & try to reform them like that would work." "Geithner suggested the British banks make some changes to their rigged system to cut down on the fraud. They never made those changes."
Last Sunday, morning I saw a T.V broadcast of last week proceeding on "Libor" Financial investigation... C-SPAN and there he was the Secretary of US Treasury being grilled by the several Congressmen for hours!
Back to EVG article>>>
"...Some are now defending Geithner. They say he was a good guy for trying to help with the “problem.”
Which Banks Are the Crooks?
Barclays, the British banking behemoth, is the first to confess to the fraud.
They admitted to engaging in electronic thievery from 2005 to at least 2009.
Their CEO resigned in early July and the bank is now facing a £290m fine ($370 million USD).But UK finance minister Mark Hoban says evidence puts at least 10-14 other banks in the crosshairs of its investigation. These are big, international banks ... the foundation of the global banking system.
They include the industry giants like:
• Bank of Tokyo
• Deutsche Bank
• JP Morgan Chase
• Royal Bank of Canada
• The Royal Bank of Scotland
The fallout from this high-level, international banking sham is so explosive it could blow the bottom right out of the world’s economy.... and create a global financial crisis far worse than 2008.
The Biggest Bank Heist in History
Industry insiders suggest the rate-rigging banks have pilfered up to $2.5 trillion over the last 5 years. That makes this the biggest bank heist in the history of the world.
Except the banks are the villain in this story ... and they robbed the little guys.
How big is their $2.5 trillion plunder? Well, if you sold the 16 largest banks in the world and pooled all the money, you’d only have $1.9 trillion. And, as you’ll see in a minute, that’s what could make this scandal blow up the worldwide economy.
How the Banks Rigged the Game
The Wall-street owned mainstream media hasn’t covered this story too much ... yet. As you start hearing more and more about this scandal, you’ll eventually run into a strange little word called “Libor.” That’s just a fancy name for the interest rate the banks charge each other. You see, all banks – big and small – trade with each other on a daily basis. Each trade is like a game of soccer. Two teams battling it out ... but there’s always one winner and a one loser. Some teams are naturally bigger and stronger. Others are smaller and weaker. But once the teams take the field, any team can win...
Unless the game is rigged.Imagine an Olympic soccer match where a strong team like Great Britain plays a weaker squad from Senegal. Great Britain already has an advantage because of their size and talent. But let’s say the referees change the goals right before the match starts. Great Britain now gets to shoot into a goal that’s 2 meters wider. Senegal has to try and score in a goal that’s 2 meters narrower.Would it guarantee a Great Britain win? Maybe not, but it would definitely be an unfair advantage ... to a team that’s already stronger!
If such a thing happened in the Olympics, soccer fans would definitely call “foul play” and people would probably go to prison. That’s what the Big Banks have done in this scandal. They’ve rigged the interest rates so that they have an unfair advantage. It means they almost always win the game. And then on top if it, the banks turn around and make side bets with other businesses on who’s going to win each game. Now we know why they’ve almost always won those bets. It’s not a fair game! It’s been rigged! What’s frightening is the enormous amount of money wagered in these “banking games.” Banks and businesses have ongoing bets at any given time worth $500 - $800 TRILLION dollars.
How big is that number?
If you add up the value of all the goods and services produced by every country in the world in a given year (world GDP), you only get about 70 trillion dollars.
Did you catch that? These “bank games” are being played with a pool of money that’s 10 times the value of the entire world! Which means it’s money that doesn’t exist ... except in the cyber-world of central bank computers. That’s why this is such a dangerous game ... and could lead to a banking collapse bigger than anything the world has ever seen.
Rotten to the Core
Barclay employees admitted to faking the interest rates to help their own traders win their trading games ... and their side bets. Day after day, year after year, bet after bet ... Barclays made money by rigging the game in favor of its own traders.
And while the scam was certainly an “inside job,” it wasn’t a case of a couple rogue employees who got out of control. In fact, the greedy ruse proves what you’ve probably always known in your heart:
The too-big-to-fail banks are rotten to the core.
The evidence proves it. Barclay’s traders routinely put in written requests to management to manipulate the rates....and then they joked about delivering champagne to those who helped them win their game of deception.
The Middle Class Is the Big Loser
The interest-shaving “Libor” fraud has skimmed an estimated $500-$800 billion dollars per year off from the losing banks and financial institutions. And it’s now becoming clear who the losers were: anyone who didn’t have someone rigging the game for them. That means small brokerage houses, community banks and credit unions were hurt the most. The little guys. Each of these small financial institutions lost hundreds of millions of dollars to the big banks.
But consumers ultimately paid the price in higher bank fees, lower interest paid on their savings and investments that went down when they should have gone up. The bottom line is that the greedy Big Banks padded their big bottom lines by taking money from everyone else. They won when they shouldn’t have won — and the little guys lost when they shouldn’t have lost.
How the Fallout Could
Cause the Next Crash
Investment banker and Wall Street insider James Rickards says the rate rigging scandal “is the greatest fraud in history ... and the greatest potential liability.”
You see, regulators are sure to hand out more Barclay-sized fines as they identify the other banks involved. But the real threat to the world economy will come when the lawyers start going after the banks with class action law suits.
That’s when all the banks could go belly up ... and trigger the next crash that’s been brewing for several years now. Rickards says he wouldn’t be surprised if the lawsuit awards shoot so high that Congress steps in and limits the amount of damages the banks have to pay. In other words, another government bailout for the banks. It won’t make the problem go away ... but it would kick the reckoning day a little further down the road. That’s the nature of the current corrupt system. The good ol’ boys protect each other ... ‘cause of course we need a banking system, right?
Or do we? Well, EVG members have an alternative...
Don’t Trust the Big Banks...
Become Your Own Bank!
One of our most popular EVG strategies – the “Bank of You” – just might get a little more popular before this scandal’s over. And safely reap ALL the profits for yourself. "
When I read this email from EVG, last week on my phone; I could not help but think about Atlantis, and how it disappeared after an agonizing fight between the force of light and darkness. The legend has that the continent was immersed under water after a sudden switch of the poles. This was uncanny because in the case of Atlantis it is said that negative human behaviors caused the end of what was once known for being the most advanced empire on earth until the elite of Atlantis became decadent greedy and arrogant as they were powerful.
It is possible that a group of Atlantis sages uses a kept a secret knowledge to destroy the continent and it's population in the face of the greed and level of arrogance of Atlantis elite.
Atlantis existed just like the CROOKED BANKERS are real and a DANGER to our civilization. We rarely see THEM but they are destroying our society. May be history is repeating itself and instead of a catastrophe our monetary system will just collapse?
If you are in doubt I advise for prudence and swift action. Ignoring the facts will not help you! Rich or not we must all make an effort to acknowledge the force above us.
Our monetary system is not based on actual value; it is WRITTEN ON PAPER; therefore I can imagine THE BIGGEST ECONOMIC CRASH in human history as the result of the biggest scam from a few GREEDY bankers.
Pray because prayer is powerful pray so that those responsible for destroying our financial system REPENT.
TAKE ACTION: Buy Gold and Silver. I am making this information available to you just in case it is not on your radar screen. I have created a new website Certain Income Money. There I am dedicating the result of my research to help people realize the value of commodities and diversify your assets. Listen this crash will happen; it is a matter of WHEN. I certainly hope that you will have diversified your investments for yourself and your family by then.
Sources: Mail Online; The Elevation Group; Socialist.org; Trading Places starring Eddie murphy; My Creative Imagination? - DR