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"That’s An Interesting Conspiracy Theory"
One of the reasons we don't mind (and often enjoy) being labeled "conspiracy theorists" is that as consistently happens, the theory becomes fact, usually with a delay of anywhere between 6 months and 6 years.
A great example is one of our very first posts from January 2009: "This Makes No Sense: LIBOR By Bank" in which we first alleged Libor manipulation.
An even better example comes courtesy of the WSJ which reveals that one of the biggest perpetrators of Libor rigging, the same bank that was raided earlier today for reasons still unknown, namely Deutsche Bank had a quick and easy response to allegations of interest rate rigging: call it "conspiracy theory" and promptly sweep it under the rug.
A Deutsche Bank AG executive whose employees have been accused of rigging interest rates told a British trade group that such manipulation was nothing more than a “conspiracy theory,” a London court heard on Tuesday.
David Nicholls, who oversaw a group of employees that included some who have been fired for trying to manipulate the London interbank offered rate, or Libor, had a 2008 phone call with a British Bankers’ Association official to discuss mounting concerns about the integrity of Libor.
In the recorded call, which was played to a London jury on Tuesday, Mr. Nicholls repeatedly dismissed concerns that Libor could be manipulated. “Banks do not collude to try to set a Libor rating,” he told John Ewan, the BBA official in charge of running Libor.
“I think I am just hearing a lot of hysteria about Libor that is just misinformed,” Mr. Nicholls added.
When the Deutsche Bank official argued that an individual bank wouldn’t be able to improperly influence Libor, which at the time was set by a group of 16 banks, Mr. Ewan responded: “A cabal of them could.”
“What’s a cabal?” Mr. Nicholls asked.
“A group together could,” Mr. Ewan said.
“That’s an interesting conspiracy theory,” Mr. Nicholls responded.
It was also the truth.
David Nicholls left Deutsche Bank two and a half years ago. According to WSJ's David Enrich, he couldn’t be immediately reached for comment, even though it is quite clear what he would have said: continue denying that anything like a massive, coordinated, market0rigging cabal could ever take place.
And yet, nobody has learned anything.
Just like the first big post-crisis settlement involving Goldman Sachs was blamed entirely on one then-28 year old employee and nobody else, so in the case of the massive Libor/FX settlements, not a single senior banker was implicated.
Which is beyond ridiculous. It is also ironic: as the first man charged with Libor rigging, one who was instrumental in turning and handing the case to the prosecution on a silver platter, UBS' Tom Hayes previously told The Wall Street Journal in a text message “this goes much much higher than me.”
But if Nicholls couldn't see the open fraud taking place literally in front of him simply because he couldn't possibly imagine of such a "conspiracy theory", how are regulators and prosecutors to possibly conceive that the very people who keep the bribe machine well greased, could be guilty of the same.
So to answer our own question: why has nobody "higher" than Hayes been investigated yet? Because the mere suggestion that executives at UBS, and all the other market manipulating banks, are outright criminals themselves would be, you guessed it, just another "conspiracy theory."
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Seriously? Like a defiant teenager digging in for the big lie -- act ignorant. FTW
What's a market?
In spite of all that has come out, the manipulation they performed has not been undone. VIX and LIBOR used to be at unheard of levels, and now they are near all time lows. They (The Bankers) continue to benefit from their economic criminal behaviour...
Anyone who uses the phrase conspiracy to describe a rational conclusion based on sound analysis should be suspect. Frankly the way things are going anyone who uses the phrase conspiracy theory to dismiss anything should not be trusted.
This is a bit off topic but, has anyone counted the number of bullet holes from the Kennedy assassination? Car got shot up along with the people. There were more than 3 bullet holes (something like 7), soooooo there was more than one person involved, and that by definition, makes it a conspiracy. Now back to our regularly scheduled conspiracy.
"Conspiracy theory" is a term used by people as a license not to think or to encourage others not to think.
when oligarchs form a group to advance their interests its ridiculed as fantasy
when workers do the same its also ridiculed, but its called a Union.
What does fiat currency mean?
Means it depreciates like a rusty Italian car.
The term "troll" is used similarly, on the internet at least.
Calling someone "crazy" or "evil" also work to the same effect.
Basically, they're all ad hominem attacks to prevent having to think about or understand someone else and to allow one to comfortably stay in ignorance.
"What is a VIX?"
What's a hemorroid?? Dave Nicholls
As if it will ever stop?
A cabal is like a cannibal that eats planets.
A fantastic book on the LIBOR rigging, written the by Philadelphia Inquirer investigative journalist, Erin Arvedlund:
Open Secret: The Global Banking Conspircy That Swindled Investors Out of Billions
http://www.amazon.com/Open-Secret-Conspiracy-Swindled-Investors-ebook/dp/B00DMCPLEI
(this link below for video)
http://www.ritholtz.com/blog/2014/09/open-secret/
https://erinarvedlund.wordpress.com/
It was your idea, and you used a word I didn't know, so I'll put you down by calling it a "conspiracy theory".
Huh, that's what happened?
You made a lucky guess with your "conspiracy theory".
Some of us fingered JPM and Barrick Gold back in the late 1990's (along with GATA) on PM manipulation and were labled tinfoilers and conspiracy nuts way back then.
What a ridiculous slog this farce has been...
People just want to make money Bay. They don't care how.
You mean stealing money by theft, rigging, manipulation, skimming, etc... (by fraudulent means), and not legitimately making it an honest fashion.
Take a look around you and notice that there are absolutely no models in nature for how people behave. No animals use money, buy property, go shopping, work at a job, pay taxes, go to the dentist/doctor, etc. So then if one were to add in, "legitimately making it an honest fashion", that is moral observation of a system that is pretty much "made up" by bankers and politicians.
Not really.
It just means having the balls and integrity to not live your life through the use of force or fraud.
Just like you do. I don't imagine you go around every day clubbing people for the things you want, do you?
You're an anarchist and didn't even know it.
He pays taxes. The tax-funded police and military does the bludgeoning for him. I bet you know and play dumb for us.
'Dontimagine you go around clubbing people and taking whatever you want'
No, I doubt it. Only the government is allowed to do that...
dup
Not true. Animals do work and some pay a sort of taxes. In all symbiotic or parasitic relationships, which some animals form, an exchange of favors or a theft of resources could be seen as a form of taxation, depending on your interpretation on what taxes are (theoretically an exchange of production for military protection, though quite often the protection never materializes).
Animals have territory, and defend it themselves, which would count as property for an anarchist. Non anarchists just outsource the defense to professional warriors.
Are there any animals that outsource the violence to another species? Maybe in some symbiotic relationships, but i cant remember any off the top of my head.
"Are there any animals that outsource the violence to another species? Maybe in some symbiotic relationships, but i cant remember any off the top of my head."
Humans using dogs for protection and war. Several species of ants protect trees from harm with extreme prejudice. There are other examples without doubt.
Clown Fish are protected from predator fish by the stinging tentacles of the anemone.
The CBs and other authorities in the US and Europe colluded with the banks to fudge lending rates in order to keep them solvent. Geithner was personally involved. This rigging goes to the highest level and will not be prosecuted or brought to light. Ever.
These other manipulatations were "the rig within the rig", which wasn't about solvency, but rather was just oportunists who were able to further game the system, given that it was already broken and unregulated.
This is a recurring theme. There was larger rigging carried out by collusion between the government and banks, but is never mentioned, while minor players get busted for skimming here and there on a daily basis just for show.
Broken markets, yes. Unregulated, no. It is regulated to TBTF's advantage. There are tons of rules for them to follow, but they're selectively applied.
Well, by unregulated, I meant a system in which data is self-declared and ripe for manipulation, rather than a technique like mark-to-market, in which there is at least is some corroboration.
That would require math and business skills. Those aren't taught in Ivy leagues.
What's a Deutsche-bag?
Q. Who are three bankers that have never been in my kitchen?
+10 Mr. Claven
Scumbag, cocksucker, piece of shit uber-Criminal Bibi may have firmly entrenched the idea in the minds of the regulators that they have nukes placed underneath their office buildings.
Yeah I know another crazy theory . . . . . . . . .
Remember when Timmy Geithner was calling Jamie Dimon and Lord Blankfein first thing in the morning from his office at the Treasury? Yeah no collusion there.
HA!
uh-hem, Jamie Demon and Lloyd Bankfiend
Speaking of Timmy Geithner, and interesting tidbit from an interview with Prof. Shiller ("Irrational Exuberance") in Michael Hirsh's book, Capital Offense.
Hirsh explains how Prof. Shiller, who had been an advisor to the FRBNY for 14 years, had first mentioned to the new chairman, Timmy Geithner, that housing prices could very well fall, and they should take that into consideration.
Shiller was immediately replaced with Catherine Mann, Peterson Institute stooge, who has written various papers falsely claiming that for each American job offshored, two new jobs are magically created in America, plus would never suggest housing prices could ever fall!
Q. "what's a federal reserve note?"
A. [reasonable explication supplied]
R2A "No, that can't be right."
so much for mobster theories ...like old Joe Valachi said , " you live by the gun and knife and die by the gun and knife ".
We conspiracy-theoried some folks
What's a lying cocksucker? David Nicholls!
Hey douchebag, the conspiracy theory has already been PROVEN to be conspiracy FACT!
Hope someone Red Army Factions your ass!
http://en.wikipedia.org/wiki/Red_Army_Faction
http://en.wikipedia.org/wiki/Alfred_Herrhausen
"Conspiracy theory" or "conspiracy theorist" is a derogatory label coined by the CIA and used in the zio meda echo chamber to malign and assassinate the character of anyone who doesn't go along with the govt/msm narrative.
1035-960
The 'conspiracy theory' conspiracy.
You mean this 1035-960?
http://www.jfklancer.com/CIA.html
Matt Groening shows his uncanny ability to distill complex issues, such as Libor rigging:
https://s-media-cache-ak0.pinimg.com/736x/2d/2d/58/2d2d5844e3b8bafb6e3de...
Apparently, Hitler had the right idea, but the wrong demographic. We need to apply his techniques to the bankster class.
And we will.........
He just rounded up the wrong jews. The little people instead of the rich and powerful who fled because they had gold sewn into their clothes.
Those same families who are now currently screwing the USA and the world once again.
Anything that can be manipulated will be.
"It should not even be ENTERTAINED, that powerful people MIGHT get together and form a plan. You're a nut, you're a kook, you're a conspiracy buff." Some like that from ~George Carlin
Not being very happy and smiling, constantly, is another sympton of insanity. Our brains have a range of emotions meant to fit the situations... sadness for sad situations, happiness for happy situations, neutrality when nothing happens?
Nowdays if you experience anything but happiness, you are insane.
What is a gold?
'a gold' is a currency like piece of paper traded on the Forex at a volume of about 300 billion dollars a day. Formerly it was a metal underlying the trade but now it is simply the promise to deliver the metal in the far distant future. The last trade of actual metal that moved in any significant quantity was before 2012.
The same 'a gold' is also occasionally exchanged on the 'Comex' though the quantities there are miniscule compared to the Forex. The actual weight of paper traded was in the dozens of grams.
I think ZH must be in on it...how else would they get all this inside info?
Yep...the real rigger of Libor is......ZeroHedge!!! Crime solved!!
Hidden in plain sight. Rule no. 1.
Our master class don't all know each other, even by reputation, and they never gather in one place. My best guess is that there's about 30,000 people on earth whose opinions count for much, enough to fill a good sized sports stadium. More to the point, they don't always have the same interests.
What common interests they do have, though, they can be counted on to defend to the death of the last prole they can dupe or impress into fighting for them. When the chips are down, it's the elites against the human race.
The class war is real, the bad guys are winning, and the rest of us can expect no quarter from them when the war is over. Anybody with the gall to point this out is called a conspiracy theorist, to be pointed and laughed at, and tarred with the same brush along with the nutters whose delusions about what's wrong with the world are obviously the product of ignorance, psychosis or both.
Many of those delusions were put about by the elites themselves to confuse people. I doubt David Icke is a deep-cover CIA agent, if only because the stuff about lizard people is a bit too absurd. The Elders of Zion, nobody seriously disputes any more, really were the figment of the imagination of Matvei Golovinski, a Russian journalist living in Paris known to have been a Czarist intelligence asset, who turned Bolshevik after the revolution.
They gave you a thumb down for not believing in the veracity of the protocols.
I have been forced to betray my formerly beloved zion. For all my efforts all i'll gain is the last spot on the line for the oven.
It doesn't have to be that way.
"If some of the branches have been broken off, and you, though a wild olive shoot, have been grafted in among the others and now share in the nourishing sap from the olive root, do not consider yourself to be superior to those other branches. If you do, consider this: You do not support the root, but the root supports you. You will say then, “Branches were broken off so that I could be grafted in.” Granted. But they were broken off because of unbelief, and you stand by faith. Do not be arrogant, but tremble. For if God did not spare the natural branches, he will not spare you either.
Consider therefore the kindness and sternness of God: sternness to those who fell, but kindness to you, provided that you continue in his kindness. Otherwise, you also will be cut off. And if they do not persist in unbelief, they will be grafted in, for God is able to graft them in again. After all, if you were cut out of an olive tree that is wild by nature, and contrary to nature were grafted into a cultivated olive tree, how much more readily will these, the natural branches, be grafted into their own olive tree!" - Romans 11:17-24
Are you totally whack???????????????
I mean, you've never heard of the Group of Thirty (www.group30.org)?
You've never heard of the lobbyist group for the international super-rich, the Bretton Woods Committee (www.brettonwoods.org)?
You never heard of Davos?
The World Economics Forum?
The Bilderbergers, for crissakes?
The Wolfsberg Group?
Saaaaayyyy, wtf have you ever heard of .....
Listen Good, Peeps.
The average timeline between 'conspiracy theory ' and 'fact' is DIRECTLY RELATED to the DURATION of ONE POLITICIAN'S TERM IN OFFICE.
This informs US that these CROOKED BOUGHT OUT BASTARDS ARE ON THE TAKE FROM DAY ONE.
THOSE TREASONOUS CUNTS SHOULD HANG or meet with one of kchrisc's already assembled Guillotine's.
That timeline has shortened considerably under the Obomba administration since the lies he tells are verifible well before he's left office.
Please google the literal dozens of lies and scandals foisted upon the American people during his term(s) in office.
In this particular case, calling it a conspiracy theory is not a denial that it is true. The fact that it is not a denial makes it more like an admission of truth ... although in a criminal case the courts would most likely not agree.
As the late great Roy Orbison sang BoPeople
Baaaby You got It.
R.I.P. Roy
Jan 2009? ZH was started near the end of the downturn? My conspiracy theory is ZH was planted to keep enough people bearish to help support the stock market recovery through short squeezes and to blind people to how QE was going to keep the market lifted. :D
No Sarc Required.
Jan 2009? ZH was started near the end of the downturn? My conspiracy theory is ZH was planted to keep enough people bearish to help support the stock market recovery through short squeezes and to blind people to how QE was going to keep the market lifted. :D
clinton hubbie of the beast tried to redefine the word "is" during the blowjob hearins. what is a cabal?
The banksters are a cabal within a cabal (Zabal?).
My guillotine and I are a cabal as well.
Liberty is a demand. Tyranny is submission..
It will be a happy day when the kingpins of the rigged markets fall off buildings not the whistleblowers.
Does anyone ever say, "That's an interesting coincidence theory"?
The Fed issues the orders to such men. And the Fed is not only above the law --- IT IS THE LAW.
The owners of the private company that print the reserve currency run the world. Plain and simple.
Collusion and oligopoly go together like wet and water. That's not a conspiracy theory.
Like a good conspiracy..?
https://www.youtube.com/watch?v=CqhYA76MRRA