Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Jeff Nielson (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Big Banks Caught Using Credit Default Swaps To Destroy Nations

% of readers think this story is Fact. Add your two cents.


Back 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/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/obviously hopelessly insolvent. Both nation’s insolvency came largely through absurd levels of military over-spending. The one, main difference is that one nation – the U.S. – was even more-insolvent than the other. It simply pretended (and 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% — 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 merely 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.



Source: http://bullionbullscanada.com/index.php/commentary/us-commentary/26664-big-banks-caught-using-credit-default-swaps-to-destroy-nations


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.