Saturday, April 27, 2013

Rolling Stone: Everything Is Rigged:
The Biggest Price-Fixing Scandal Ever
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix


Illustration by Victor Juhasz

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix

Illustration by Victor Juhasz
By MATT TAIBBI
April 25, 2013 1:00 PM ET

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world's largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world's largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.

Read more:
http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2Rh8LMon1

The End



Today marks the end of this Quest and as well, the end of all the “Join Me on My Love Quest” events.  They began as a response to a question two years ago, and the question has been answered.  The time for searching, waiting and questing is over.  It is time now to DO.

Oneness answers every inquiry we have posed.  You and I and the trees and our “enemies” are One.  What I do to you, I do to myself.  We cannot escape the consequences of our thoughts, words and actions.  We, in every sense, are One.  We know this now.

The core that unites us is our Eternal Heart.  This is a place we’ve forgotten, where in unison, we love.  You are there still and remember while you dream.  Soon, these and other memories will ignite for you these truths – who you have ever been, all you are capable of doing, why you are here, where you are from and what was your plan.

We have come to this time now equipped with the truth of our power, our beauty, our brilliance and our unity.  I believe we have helped each other get here so that someday soon, we could help others when they ask.  I believe they will ask.  We are light workers.  Our earth is in need of our light.

Trust and know that all answers are within.  I cannot predict our future, yet I can see what’s ahead.  We’ve opened our minds and our hearts and there is no closing them now.

Believe in the knowing you come to yourself – trust your truth.  As we consciously live the fullness of our transformed DNA, we’ll be giddy with our own magnificence.



Know this.  The game of duality is ending now.  We are embarking on a new journey.  This one we will attend with full awareness and absolute knowledge.  Secrets, lies and confusion are not welcome.  Truth, transparency, agape and freedom are the hallmarks of this moment.

I feel you, I feel us.  We are beyond ready to move to the new.  Here, all of us are leaders, answer givers and truth tellers.  That is why the Quest has come to completion.  It is time to lead ourselves.  You know what to do.  What are you waiting for?

You are the One.

I love you.

It has been a privilege.

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