Top German Regulator: Precious Metal and Currency Manipulation Are WORSE Than Libor!
- Top German Regulator: Precious Metal and Currency Manipulation Are WORSE Than Libor!
by WashingtonsBlog
The New Largest Financial Scandal In History …
The Libor interest rate scandal was the biggest financial scandal in history:
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* The big banks have conspired for years to rig interest rates … upon which $800 trillion in assets are pegged
* This was the largest insider trading scandal ever … and the largest financial scam in world history
* Local governments got ripped off bigtime by the Libor manipulation
* Even though RBS and a handful of other banks have been fined for interest rate manipulation, Libor is still being manipulated. No wonder … the fines are pocket change – the cost of doing business – for the big banks
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But the head German financial regulator said today that manipulation in gold, silver and currencies is worse than the Libor scandal:
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Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.
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While this is the first time a regulator has said this, several financial writers – including Thomas Pascoe – have previously said the same thing.
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Yup, Currency Markets Are Rigged
Indeed, currency markets are massively rigged. And see this and this.
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Yup, Gold and Silver Are Manipulated Also
Gold and silver prices are “fixed” in the same way as interest rates … in daily conference calls by the powers-that-be.
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Bloomberg reports:
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read more!
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