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Big Banks Caught Using Credit Default Swaps To Destroy Nations
Big Banks Caught Using Credit Default Swaps To Destroy Nations
Written by Jeff Nielson (CLICK FOR ORIGINAL)
At the beginning of 2010, readers were presented with what was (at the time) merely a theory. The Big Bank crime syndicate was engaged in the serial manipulation of credit default swaps, in order to (among other things) destroy the economies of entire nations. It’s one of the reasons these “financial weapons of mass destruction” (Warren Buffett) were illegal in the U.S. for roughly 100 years, banned under anti-gambling statutes.
The theory was supported by a combination of compelling empirical evidence and logical deduction (i.e. “circumstantial evidence”) – roughly the same evidentiary basis by which we obtain most of our criminal convictions in our courts of law. The difference here is that with our governments having abandoned the Rule of Law, there was no one ready or willing to adjudicate over such evidence.
Before moving to the new evidence of an open conspiracy by the Big Banks to manipulate this market, it is necessary to review this older evidence. The chronology begins after the Crash of ’08, and takes the form of a comparison of two nations and their economies: Greece and the U.S.
Both nations were clearly hopelessly insolvent. Both nations’ insolvency came largely through absurd levels of military over-spending. The main difference is that one nation – the U.S. – was even more insolvent than the other. It simply pretended (and still pretends) to be “solvent” through enormous and absurdly transparent accounting fraud, which would be instantly prosecuted if attempted by any U.S. corporation (other than a Big Bank).
Yet despite these two similar economies, there was nothing similar about their interest rates. The benchmark U.S. interest rate was permanently frozen at an ultra-fraudulent 0%. This meant paying no interest on loans to the U.S. government, despite the enormous risk of lending money to history’s most-indebted nation.
Similarly, the (supposed) “market rate” on various maturities of U.S. bonds remained at near-zero, despite the gargantuan risk. Such a disconnect between risk and interest rates has never before been seen in our debt markets. Then there was Greece’s interest rates, an even larger, logical disconnect.
Two nations with very similar economies, and very similar problems: bankruptcy. Yet the interest rates on their debt were not only different, but radically opposite. However, this impossible dichotomy is not the only unequivocal evidence of interest rate fraud. We also have the incredibly steep rise, in Greek interest rates, during a time when there was virtually no change in the government’s fiscal policy. All that changed was the size of the interest payments on Greece’s debts as a result of this interest rate manipulation.
Readers were presented with a detailed explanation of the tag-team of fraud which made possible such extreme manipulation of interest rates. It begins with manipulation of the credit default swap “market,” a crooked book-making operation where the “bookies” taking the bets not only place most of the bets themselves, they also adjudicate on any disputes on the settlement of bets. More pure fraud.
First the Big Banks manipulate credit default swap prices higher in the debt market of the intended victim. Then the tag-team operation moves to the corporate media, another tentacle of the crime syndicate which readers know as the One Bank. The media mouthpieces gasp-and-moan in mock anguish about the supposed “increased risk” in the debt market of the victim, while nothing has changed except the manipulative betting of the Big Bank crime syndicate.
The last tag-team partner in this chain of economic terrorism is the so-called “credit rating agencies.” These agencies claim to assess the manipulative betting in the CDS market, and the Chicken Little hysteria from the mainstream media, and then downgrade the debt of the victim’s market on the basis of a supposed “change in risk” – when, still, nothing has changed in the victim’s economy.
The downgrade on the victim’s debt results in automatic, upward revisions in the interest which the victim must pay on all of its debt. With essentially no regulation of the crime-saturated “derivatives market,” the crime syndicate could (and did) repeat this cycle of manipulation as often as was necessary to officially bankrupt Greece.
Via the economic terrorism of credit default swap manipulation alone, the Wall Street terrorists were able to drive interest payments on Greece’s debt higher by roughly a factor of 600%. Meanwhile, U.S. interest rates were manipulated in the opposite direction. What would have happened if those on Wall Street manipulated U.S. interest rates to 30% (the same level as Greece), resulting in U.S. interest payments rising by more than 1,000%?
Just to pay the interest on its debt (to the same, Big Bank crime syndicate), the U.S. government would have to begin by shutting down the entire government, and disbanding the U.S. military, in order to bring spending down to zero. Then it would have to double everyone’s taxes in order to come up with the full payments to the parasitic bankers. And then, in a few weeks, the U.S. economy would totally collapse – just as Greece’s economy did in 2011.
This is no longer a “conspiracy theory,” however, it is now a(nother) conspiracy fact, as shown by this headline.
Banks Said to Face SEC Probe Into Possible Credit Default Swap Collusion
First some translation. Whenever the (pretend) justice officials, (pretend) regulators, and media propaganda machine announce a “probe” into more, Big Bank serial crime, what it actually means is that another Big Bank mega-conspiracy can no longer be covered up.
First we see the (reluctant) “probe.” Then we see the even more-reluctant token prosecution. Then we see the Big Banks handed their token “punishment”: microscopic fines (in relation to the size of the crimes). And then the same Big Banks repeat the same crimes, and are caught again and again.
We saw it when the Big Banks were caught and convicted of conspiring to manipulate the $500 trillion, LIBOR debt market. We saw it when the Big Banks were caught and convicted of conspiring to launder trillions for the global drug cartels and “terrorist” entities, despite the supposed “wars” the U.S. claims to be fighting against drugs and terrorism. We saw it when the Big Banks were caught and convicted of conspiring to serially manipulate all of the world’s currencies.
Of course neither the corporate media, nor the pretend-regulators, nor the pretend-justice officials ever use the word “conspiracy.” They instead use the word “collusion,” even though the two terms are synonymous. Why? Because the corporate media preaches to us again and again that there are no conspiracies.
We have more unequivocal evidence showing that this “probe” is a cover-up, and not a bona fide investigation. It starts with another headline.
Big Banks must face U.S. [credit default] swaps price-fixing lawsuit
This headline is from a September 2014 report that not only were litigants pursuing a major lawsuit against the Big Banks for conspiring to manipulate the credit default swaps market, but that a U.S. judge had ruled that their evidence was credible enough to proceed to trial.
It should have taken the pretend-regulators and pretend-justice officials about 15 minutes after this ruling to announce their own investigation, announcing that they would begin to investigate a market which they claim to be continually policing. Instead, it took 15 months for this “probe” to begin. That spells cover-up, which is in itself another conspiracy.
We know this is another Big Bank criminal conspiracy to cover up the original conspiracy, based upon the obvious attempt to deceive by the corporate media, as it attempts to downplay the latest, now-exposed, Big Bank conspiracy [from the previous, original headline]:
In the LIBOR scandal, regulators accused banks of making submissions on borrowing rates that benefited their trading positions. [emphasis mine]
Wrong! The Big Banks were convicted of conspiring to manipulate the LIBOR rate. Even more pathetically, for the first year of the LIBOR pretend-investigation, the pretend-justice officials tried to pass off the absurdity that only one Big Bank (Barclays) had conspired to rig the LIBOR rate.
This lie was pedaled, even though the LIBOR rate is set (in secret) collectively by roughly a dozen Big Banks. It would be akin to accusing a single voter of rigging an election. It was only when the pretend-justice officials finally accepted that they couldn’t sell a “one-bank conspiracy” that a few more Big Banks were added to this token prosecution.
In our system, the general principle is “guilty until proven innocent.” However, the logic behind this has ceased to apply to the Big Bank crime syndicate. Where there is smoke (i.e. some new “probe”), not only do we always see a subsequent fire, we get glimpses, even through the cover-up, of a massive wildfire.
Then we have the confessions of the criminals. A full one-quarter of Wall Street’s and London’s senior banking executives freely admit that crime is a way of life in their industry -- organized crime. Even in our justice system (or what remains of it), once armed with confessions, the principle of “innocent until proven guilty” no longer applies – the guilt is conceded.
The Big Banks manipulate credit default swaps to perpetrate economic terrorism against other nations in the world, where they literally destroy the economies of those victim-nations. It used to be a theory, but now the proof is finally emerging. You heard it here first.
Please email with any questions about this article or precious metals HERE
Big Banks Caught Using Credit Default Swaps To Destroy Nations
Written by Jeff Nielson (CLICK FOR ORIGINAL)
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Once the system implodes, what will be done to the crooked liars in D.C.?
Will justice finally be done, or will they just keep partying with Corzine?
Has somebody been in a coma for the past 10 years !
It was Blythe Masters that created the Weapons of Financial Destruction, she's a Financial Terrorist.
You literally have to be Rocket Scientist/Mathematician to figure out these Derivatives and CDS. I can barely count to 6.
Things this complicated should not be allowed to exist...I mean...what's going to be next?!
Fuckit. I'm just going to build a cabin in the woods...hunt and fish every day...
Just to pay the interest on its debt, the U.S. government would have to begin by shutting down the entire government, and disbanding the U.S. military, in order to bring spending down to zero. Otherwise, extra credit may be needed.
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And of course all of this was enabled by crooked politicians......
Goes to show you, that the more a populace is addicted to handouts, the more tolerant they become of blatant criminals running the system.....
George soros has said that derivatives are conveinient way to short. Derivatives are almost like CDS just a different name.
Fuck these pricks
CDS are a subset of derivatives.
Damn banks...they are always working in secret corners, scheming to corrupt the system for their own benefit...always one step ahead and above the law, when caught their legions of lawyers tie the litigation up in the courts for years, their CEO's leave before the SHTF, they do nothing for the economy but the economy cannot survive without them, and tomorrow I have to get up and go to work..to pay off my mortgage to a bank so I have a roof over my head, what? me worry? ...no way...I will be traveling this year... I am going to see the world with Santa Claus this year...now that's the way you do it!
I am beginning to discern a little nervousness in the actions of our Jewish partners.
downvoted by a berg or stein or ...
Now,now...this is the Christmas season..you need to keep those negative thoughts to yourself... let them swirl around your mind, revel in your deep secret thoughts, display your prowess with the English language, or you could just say... Merry Christmas to all and a Happy New Year...now don't you feel better.
and Happy Hannuka! oh...wait a sec.
https://www.youtube.com/watch?v=FOg7aPNLLG0
Remove Kebab!
Thanks for the link....it opened up a hidden trove of youtube treasures!
So what? Has any of the bank management/leaders gone to prison and lost all their wealth?
exactly. Yanis Varoufakis was right all along.
It is absurd and philosophically corrupt to call for prosecution of anything. The only solution that can possibly work is for humans to stop being insane.
First step: clearly understand that the following are pure fiction: "law", "legal", "state", "nation", "official", "authority", "corporation", "government".
Since "authority" is inherently a fiction, nobody exists to "prosecute" anything... at least not in the usual sense of "prosecute". What is possible is self-defense, and that activity is entirely appropriate... but up to the harmed to pursue.
What humans need to learn is to avoid becoming part of any behavior that treats fictions as real. Do not expect government to help, because government is no more real than the tooth fairy. What does exist is human-predators-DBA-government (that is, human predators pretending to be something called "government" AKA "evil empire").
Any individual who willingly becomes part of the insane adult pretend game called "government" is literally insane, and is asking to be greatly harmed or destroyed.
Essentially "government" is the adult version of the child game called "Simon Says". The difference is... children know they are playing a game, and know they can refuse Simon any time they wish.
When children become so insane they can't tell real from fiat, fake, fraud, fiction, fantasy... and believe the fiction called "government" is real, and so they MUST play along... we call them "adults". Which means, in practice, and for practical purposes, the meaning of "adult" is "child who has become insane".
As the smarter-than-human computer in the 1985 movie "War Games" said...
The only way to win the game... is not to play.
Damn straight.
"avoid becoming part of any behavior that treats fictions as real"
not tricking children into beieving in invisible masters would be a good start. Religion is the mother of all mental salvery
Very true. It was via religion that predators-that-be convinced the sheeple to obey. The entire notion of "authority" must go, or insanity is assured.
@honestann
How is your radiation still coming along?
I'm not sure. My reading leaves me with conflicting answers to the question of whether any place on earth [in the southern hemisphere] will be livable after full-bore global thermonuclear war.
I have no intention to create a self-sufficient cave and live there for the rest of my life in such an event. I actually do have a cave of sorts here, but since I went with solar as my primary long-term power source, that's not going to help me much in the cave. The fact is, I also don't really have enough gold savings left at this point to create self-sufficient underground for decades of survival.
So I'll take my chances. I'm far, far away from anywhere nukes will fall. But if the entire atmosphere... including the entire southern hemisphere... is to become so polluted with radioactive dust that humans on the surface cannot survive, then I won't survive. Bad breaks for me. But no problem for anyone else, they'll be long dead by the time I go. So don't worry about me.
Of course, if the day of disaster ends up being a sufficient number of years in the future (probably 10~20), I might be living in outer space already, and only need to worry about solar radiation (which is easy enough to avoid).
Move to northern Canada.
I'll keep a light on for you.
Find a creek to live next to and build a thousand small water wheels.
Build a still.
You'll be fine.
If you do decide to go to space, keep an ounce of gold and hammer it thin enough to make yourself a blanket. That will stop the SR.
Best of luck!
In space, the best way to avoid solar radiation seems to be approximately the following:
You live in a space habitat/station parked "behind" an asteroid. When I say "behind", I mean always in the shadow of the asteroid.
Then, slightly outside the shadow, are huge sheets of aluminized mylar pulled taught in large lightweight frames. They're positioned at ~45-degree angles to the sun, so they reflect sunlight onto the space habitat.
The cool thing is, harmful radiation tunnels straight through the aluminized (or even better gold vapor deposited) mylar sheets while IR, visible [and some UV] reflect into the space habitat. The windows in the space habitat can filter out the UV rays, leaving only visible and IR (safe wavelenghts).
How NOT to play the game...
1. Stop paying your mortgage - send out a rescission letter (see recent Jesinoski Supreme Court Decision by Scalia - as well as information on Neil Garfield https://livinglies.wordpress.com)
2. Stop paying credit cards
3. Remove all funds from bank checking & savings, 401k, and other investment vehicles - take the tax hit and buy physical gold/silver
4. Use Cash whenever possible
5. Use USPS money orders to pay your bills
Freezeout the banks - these assholes would fall in less than 2 weeks if this was done nation wide..
Power in numbers. Period.
You mean people should actually do something that takes a lot of thought and some inconvenience???? Puuuleeze!! This is the 21st century. We don't need no damn inconvenience.
Sounds more like = grab your money, run to the hills and become a tax evader who cannot use his real name. And then tell everyone else what to do in other nations while your own nation executes peasants and billionaires at their whim.
Once predators-that-be become this powerful and entrenched, it is insane and utterly futile to seriously imagine you can protect everyone on the planet.
Besides, that's an inherently collectivist notion. Who are you, or who am I, or who is anyone to tell everyone else on the planet how to live, or even how to avoid the paid-thugs-and-bombs sent by the neo-con-jobs? To assume they must obey you is just as presumptuous as for the predators-that-be to assume anyone must obey them.
BTW, one need not be a tax-evader to be self-sufficient. It isn't super-duper easy to become that self-sufficient, but it is entirely possible. Of that I am sure (and case in point).
PS: Some of us, including me, never voted, sanctioned or supported human slavery or any of the many predators-that-be. We are definitely not responsible for every craven, diabolical predatory human on the planet. As for those who may have paid some funds to the predators-that-be from time to time, it is not reasonable or appropriate to automatically claim the victim of theft is willingly funding the predators who steal from them.
"not to play"...
I tried to tell the taxman I "wasn't playing", for some reason it did not work...
honestann +1
Very well written.
It is fifficult for an INFANT to comprehend the game in the first place. A Birth Certificate (a mere receipt) does not come with instructions and I concede it is almost impossible to try to live without being affected by the system/matrix.
The only way to understand the meaning and inherent differences between words such as "law" and "legal" is to throw away any normal household Dictionary and invest in a recognised law dictionary (and a copy of the Uniform Commercial Code).
People need to understand how fictional "a person" really is.
Words are spells. They are used to form the code to control us via "CAPATLISM". Courts are primarily BANKS.
Give me the names of prime suspects in say, 10 big banks. A weekend of THEM and us in a weekend at Tahoe and we will have lots of screaming confessions. I can't remember who said it but someine in the government said waterboarding isn't torture.
John Yoo.
Another product of Yale and Harvard.
Agents of The Great Red Dragon have been perfecting these different techniques "to own the earth in fee-simple" for over 300 years. Ya think ordinary folks are going to understand all the different paper promises. They don't even understand the manipulations of gold. Sigh.
good article
"when the Big Banks were caught and convicted of conspiring to manipulate the $500 trillion, LIBOR debt market"
(Citicorp, JPMorgan Chase & Co., Barclays Plc and Royal Bank of Scotland Plc agreed to plead guilty to felony charges of conspiring to manipulate the price of U.S. dollars and euros)
"when the Big Banks were caught and convicted of conspiring to launder trillions for the global drug cartels and “terrorist” entities, despite the supposed “wars” the U.S. claims to be fighting against drugs and terrorism"
(Wells Fargo and JPMorgan)
and of course, The Vampire Squid Firmly Attached To The Face Of Humanity, Goldman Sachs, The Great Destroyer
Fight or flight? As individuals, our ultimate loyalty is to ourselves, our families and those we deeply care about. If you are not seeing writing on the wall of truth/reality in front of you, then for whatever rationalizations you have chosen to embrace, you are choosing to believe your lying eyes.
Rats aboard a sinking ship make better choices than what you are making. As an individual, on board this ship of state, if you fight you lose.
You must choose.
But where to flee?....from World War Three.
No easy choices, but generally the Southern Hemisphere, in areas of less dense populations but existing ability to be self sustaining.
The entire worlds populations are essentially psychopathic to varying degrees and one must expect to become a target to some degree as being an outsider. This is not insurmountable.
.
Wasn't expecting a serious answer, but got one anyway.
Thank you.
Highway to Hell!
crank it up https://www.youtube.com/watch?v=1EBw_da7BZk
Also, why the US should stop issuing debt and start issuing currency instead.
half right.
the us should stop issuing debt.
the us should not be in the business of issuing currency or telling people what to use as a medium of exchange.
The US does not issue currency. The Federal Reserve creates currency, most of it out of thin air and 0s and 1s. Only some of it is printed. The Fed loans the US its currency in exchange for US debt obligations.
As I've understood it, the coinage issued through the treasury via the mint doesn't fall under the FEDs purview. Also, the legal tender gold and silver eagles don't either.
Also note (and I believe I've mentioned this before) in 2008 the "U" in United States on the eagles reverse was changed to lowercase, which appears to be someone's way of reiterating them not being party to the corporation known as the "United States" .
yes, i know that.
if you were following the thread, the poster i was replying to suggested the us should issue currency.
i disagreed and stated that the us should not be in the currency creation business.
Currency is a tiny fraction of the money supply. Increasing Debt = Increasing Money Supply but Velocity of Money Supply is the crucial stat. Is has been crawling for years.
Bank Entry:
DR Loan Asset
CR Customer's DDA Account
Viola! Money Created!!!!!
Where it goes from the customers bank account and how many times that $$$ it exchanged for goods and services is the measure.
No, it is credit created and erroneously called money. A debt note is not money. It acts like money but with a big legal difference. Debt is a promise to pay in the future. Money is payment in full. You can't legally have allodial title to anything unless it is paid for in full.
If a sovereign owns something in full, no one else has any claim on it. If you "pay" for property with debt based currency someone else also has an interest it it. Ergo, taxes.
Ergo the banks have claims to real estate and future taxes through debt issuance. They might come and repo your bulldozer too.