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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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Seems like a great argument for Greece going back to the drachma and never issuing debt again.
Is is possible that the actions of a squids tentacles are coordinated, like in a conspiracy? Why attack Greece? Could it have anything to do with deflecting a Russian bailout and a subsequent pivot towards Russia? The interest rate spike is a little early but the squid knows things before we do.
Those who are corrupt and parasitic cannot imagine human beings who are not corrupt and who would not be parasitic if they had the opportunity. Contempt is perceived and promoted as jealousy.
How can those who have gone so far astray be saved? Seemingly they do not want to be saved and therein lies the biggest difficulty.
they need to be smited by holy nukes
Some real facts would help. Not just chart-gazing and conjecture.
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks - Lord Acton
This article needs to be totally revamped to disclose what is already common knowledge: the existence of a super-entity called the "Network of Global Corporate Control" identified back in 2011 by
by Vitali, Glattfelder, and Battiston of ETH Zurich http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf
Then this article needs to report that the central banks at the hub of the super-entity do not hold the world's international monetary gold reserves because these are all in the Global Debt Facility that is administered by the Board of Governors of the World Bank and International Monetary Fund. Finally, the article needs to explain why Zero hedge persists in trying to frighten people without reporting that a coalition exists to dismantle the Network of Global Corporate Control, and that the chances this is what happens are over 90-95%, according to the US Department of Defense power transition model.
https://s3.amazonaws.com/khudes/sentia+model.pdf
This is not the first time that I have called out Zerohedge's editors for ignoring the elephant in the room. What is their problem?
https://s3.amazonaws.com/khudes/Twitter11.7.15.pdf
ZeroHedge has reported or commenters on ZH have commented on much of what you refer to. The problem is that is so difficult to know what is true in this age of mass disinformation.
White Hats, White Dragons, Chinese and SE Asian Elders, Karen Hudes, One World of Nations, etc.
Show me the proof. Show me the arrests, law suits, impeachment, gold backed currency, gold and silver returning to circulation in commerce. Just show me god damn it! I've looked for it every day for five years.
Fancy-free please will you explain further.
As far as I can gather, the World Bank and the IMF are apart of the very same Cartel that own/control the Central Banks. All are controlled by the BIS who is run/controlled by pretty much all the same criminals on a merry-go-round. Throw in the Vatican, The Crown (BAR) Temple - The City of London, Washington DC, the Rothschild's et al, puppet Governments (and their military) on the same payroll and the world is pretty much screwed.
Who are the Board of Governors you are talking about?
Who is this coalition?
Please name names.
Can you vouch for their credibility or are they part of the corrupt cartel?
There is far TOO MUCH SECRECY going on.
If everything was more transparent,out of the shadows and open the world would not be in the state is in today.
Closed dealings, complexity and behind the curtain negotiations promote corruption.
How can justice be served when most public jurors would not be able to understand the fraudulent accounting practices being utilised?
What is the TRUTH?
When plotting a coup, one should be careful to protect one's identity.
When justice has seen to have completely failed then the fun begins ...
Bankster caught stealing, hmmm ... immmediate justice rope and tree by the mob.
It is the only thing a bankster will ever understand everything else can be bought.
The ghost of Perkins... the economic hitmen have a new bag of tricks.
Plus ca change, plus ca reste pareil.
A big load of bullshit. The US has its own currency and that currency is backed by military power. Greece is a subordinate vassal state of the EU. There is no comparison between the two.
What makes you think the US Corporation and by extention all the people living on the land are not vassals??
Interest rate swaps/collars (courtesy of Goldman) was a weapon vs. Greece too
Yes but that is not the point of the article - which is to expose the crime and try to help people understand the context of it.
Agreed. That "military power and own currency" only explains why the US was treated differently. It does not invalidate how, and in a criminal manner, the two countries were, in fact, treated differently. Which was the point of the article.
The "rubbish" comment is a bit like saying "The only reason they chose to rob from that particular bank if that it had cash money on hand" As if that somehow justifies the crime.
"The US has its own currency and that currency is backed by military power."
That don't make it kosher.
Law and justice aren't the same thing. They have the law on their side, so justice does not matter........
You are correct with what you say, "Law and justice aren't the same thing."
However, "They" don't have "law" on their side.
"They" have hoodwinked people and "they" have implemented "legal" systems (corporate statutory instruments) that impersonate law (via the colour of law).
"They" purposely withold information/education to the masses then mock those same citizens "ignorance is no excuse for the law".
Only those "invited" (Barristers/judges) to the CROWN TEMPLE BAR/The City of London and their global franchises ) are taught "their" system.
Law and legal are very different words. It goes all the way way back to Roman Curia.
Admiralty and Maritime Law is also used on the land. If I am not mistaken, the tall needles (phallic symbols) in London, Washington DC and The Vatican have measurements on them indicating that the land is supposedly under (beneath) water.
"I see nothing." - Sargent Schultz