‘A Cesspit’: Libor Scandal May be Going on Elsewhere!
- At the heart of the Illuminati’s power is their global economic, financial and monetary hegemony. The financial hegemony is controlled out of London. Wall Street, New York is but a subsidiary and take instructions from the City of London ie. the Rothschild Satanic bloodline. It is via their privately owned Illuminist central banking cartel that they draw their immense power. With it, they manipulate interest rates, financial markets, commodity markets, financed wars, attack countries, cause famine, destroy countries economically …etc.
– - The Iluminists know that their financial system is fracturing. It is collapsing on many fronts and they are being exposed. They will make use of the coming global collapse to further their agenda for a Luciferian World Government and New World Financial Order.
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‘A cesspit’: Libor scandal may be going on elsewhere!
By James Kirkup, and Angela Monaghan, http://www.telegraph.co.uk/
The market for determining one of the world’s key interest rates was a “cesspit” and banks cannot be trusted to be honest in several other major markets, the deputy governor of the Bank of England has warned.
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Paul Tucker told MPs that Barclays’ abuse of the Libor system may be only one part of the banks’ dishonesty over crucial financial information, suggesting that other markets should now be investigated.
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An official inquiry into Libor – which helps determine interest rates for householders and businesses – should be broadened to include several over markets where banks are trusted to report their own data, he said.
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Mr Tucker’s evidence to the Treasury Select Committee also reignited the political row over the Libor scandal as he insisted that members of the last Labour government had not “absolutely not” put pressure on him to reduce Libor.
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George Osborne, the Chancellor, has said that that the last government was “clearly involved” in the banks’ dishonest under-stating of the interest rates they were paying to borrow on money markets.
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Labour last night demanded Mr Osborne withdraw his claims, but Treasury sources insisted that question remain about Labour’s direct dealings with dishonest banks during the 2007-08 financial crisis.
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