- Top German Regulator: Precious Metal and Currency Manipulation Are WORSE Than Libor!
The New Largest Financial Scandal In History …
The Libor interest rate scandal was the biggest financial scandal in history:
* 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
But the head German financial regulator said today that manipulation in gold, silver and currencies is worse than the Libor scandal:
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.
While this is the first time a regulator has said this, several financial writers – including Thomas Pascoe – have previously said the same thing.
Yup, Currency Markets Are Rigged
Indeed, currency markets are massively rigged. And see this and this.
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.