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Conspiracy Theories

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

By Matt Taibbi

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

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.

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption. If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

“It’s a double conspiracy,” says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. “It’s the height of criminality.”

The bad news didn’t stop with swaps and interest rates. In March, it also came out that two regulators – the CFTC here in the U.S. and the Madrid-based International Organization of Securities Commissions – were spurred by the Libor revelations to investigate the possibility of collusive manipulation of gold and silver prices. “Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry,” CFTC Commissioner Bart Chilton said.

But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants’ incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.

“A farce,” was one antitrust lawyer’s response to the eyebrow-raising dismissal.

“Incredible,” says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.

All of these stories collectively pointed to the same thing: These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation’s GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing. Moreover, it’s increasingly clear that both the criminal justice system and the civil courts may be impotent to stop them, even when they do get caught working together to game the system.

If true, that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it’s no secret. You can stare right at it, anytime you want.

The banks found a loophole, a basic flaw in the machine. Across the financial system, there are places where prices or official indices are set based upon unverified data sent in by private banks and financial companies. In other words, we gave the players with incentives to game the system institutional roles in the economic infrastructure.

Libor, which measures the prices banks charge one another to borrow money, is a perfect example, not only of this basic flaw in the price-setting system but of the weakness in the regulatory framework supposedly policing it. Couple a voluntary reporting scheme with too-big-to-fail status and a revolving-door legal system, and what you get is unstoppable corruption.

Every morning, 18 of the world’s biggest banks submit data to an office in London about how much they believe they would have to pay to borrow from other banks. The 18 banks together are called the “Libor panel,” and when all of these data from all 18 panelist banks are collected, the numbers are averaged out. What emerges, every morning at 11:30 London time, are the daily Libor figures.

Banks submit numbers about borrowing in 10 different currencies across 15 different time periods, e.g., loans as short as one day and as long as one year. This mountain of bank-submitted data is used every day to create benchmark rates that affect the prices of everything from credit cards to mortgages to currencies to commercial loans (both short- and long-term) to swaps. Dating back perhaps as far as the early Nineties, traders and others inside these banks were sometimes calling up the company geeks responsible for submitting the daily Libor numbers (the “Libor submitters”) and asking them to fudge the numbers. Usually, the gimmick was the trader had made a bet on something – a swap, currencies, something – and he wanted the Libor submitter to make the numbers look lower (or, occasionally, higher) to help his bet pay off.

Famously, one Barclays trader monkeyed with Libor submissions in exchange for a bottle of Bollinger champagne, but in some cases, it was even lamer than that. This is from an exchange between a trader and a Libor submitter at the Royal Bank of Scotland:

SWISS FRANC TRADER: can u put 6m swiss libor in low pls?… PRIMARY SUBMITTER: Whats it worth SWSISS FRANC TRADER: ive got some sushi rolls from yesterday?… PRIMARY SUBMITTER: ok low 6m, just for u SWISS FRANC TRADER: wooooooohooooooo. . . thatd be awesome

Screwing around with world interest rates that affect billions of people in exchange for day-old sushi – it’s hard to imagine an image that better captures the moral insanity of the modern financial-services sector.

Hundreds of similar exchanges were uncovered when regulators like Britain’s Financial Services Authority and the U.S. Justice Department started burrowing into the befouled entrails of Libor. The documentary evidence of anti-competitive manipulation they found was so overwhelming that, to read it, one almost becomes embarrassed for the banks. “It’s just amazing how Libor fixing can make you that much money,” chirped one yen trader. “Pure manipulation going on,” wrote another.

Yet despite so many instances of at least attempted manipulation, the banks mostly skated. Barclays got off with a relatively minor fine in the $450 million range, UBS was stuck with $1.5 billion in penalties, and RBS was forced to give up $615 million. Apart from a few low-level flunkies overseas, no individual involved in this scam that impacted nearly everyone in the industrialized world was even threatened with criminal prosecution.

Two of America’s top law-enforcement officials, Attorney General Eric Holder and former Justice Department Criminal Division chief Lanny Breuer, confessed that it’s dangerous to prosecute offending banks because they are simply too big. Making arrests, they say, might lead to “collateral consequences” in the economy.

The relatively small sums of money extracted in these settlements did not go toward reparations for the cities, towns and other victims who lost money due to Libor manipulation. Instead, it flowed mindlessly into government coffers. So it was left to towns and cities like Baltimore (which lost money due to fluctuations in their municipal investments caused by Libor movements), pensions like the New Britain, Connecticut, Firefighters’ and Police Benefit Fund, and other foundations – and even individuals (billionaire real-estate developer Sheldon Solow, who filed his own suit in February, claims that his company lost $450 million because of Libor manipulation) – to sue the banks for damages.

One of the biggest Libor suits was proceeding on schedule when, early in March, an army of superstar lawyers working on behalf of the banks descended upon federal judge Naomi Buchwald in the Southern District of New York to argue an extraordinary motion to dismiss. The banks’ legal dream team drew from heavyweight Beltway-connected firms like Boies Schiller (you remember David Boies represented Al Gore), Davis Polk (home of top ex-regulators like former SEC enforcement chief Linda Thomsen) and Covington & Burling, the onetime private-practice home of both Holder and Breuer.

The presence of Covington & Burling in the suit – representing, of all companies, Citigroup, the former employer of current Treasury Secretary Jack Lew – was particularly galling. Right as the Libor case was being dismissed, the firm had hired none other than Lanny Breuer, the same Lanny Breuer who, just a few months before, was the assistant attorney general who had balked at criminally prosecuting UBS over Libor because, he said, “Our goal here is not to destroy a major financial institution.”

In any case, this all-star squad of white-shoe lawyers came before Buchwald and made the mother of all audacious arguments. Robert Wise of Davis Polk, representing Bank of America, told Buchwald that the banks could not possibly be guilty of anti- competitive collusion because nobody ever said that the creation of Libor was competitive. “It is essential to our argument that this is not a competitive process,” he said. “The banks do not compete with one another in the submission of Libor.”

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Conspiracy Theories

TR-3B’s are absolutely real but who ‘owns’ them?

In early October, on many UFO channels, two very unusual UFO videos were discussed. Their unusualness is that, in contrast to many similar clips, their reliability is beyond doubt and the “discs” can be seen very well there – you can even see some details. 

The first video was filmed from the International Space Station. For readers who, due to the remoteness from the city, have too expensive traffic, we present an enlarged program image of the “plate”

Well, this is the video itself:

A lot of incomprehensible video material comes from the ISS, but most often there are either just luminous objects in the frame, or some vague shadows, which skeptics later call pieces of foil, but here it is definitely not foil, and in general terms you can understand how these “saucer plates” look. 

The second very unusual video was filmed the day before over the state of New York:

Direct link to the original mufon.

This is not a computer graphics, nor a secret drone. This is a TR-3B, which, as we can see, exists and can be viewed in detail. In the center there is some kind of basic, apparently, an engine, three engines (nozzles?) in the corners and they obviously work on some other principle – their color is different.

What are the three small lights along one of the edges of the triangle is not clear. Either it is some kind of device for taxiing the apparatus, or signal lights. And this thing bears little resemblance to some kind of “extraterrestrial device”, which causes more and more concern among people. Why? 

If the Pentagon has had such aircrafts for a long time (triangles have been observed in the sky for at least 30 years), then why all this circus with F-35 and other airplanes? To keep people busy in their production and rip off money from buyers? Or are the squadrons with these strange vehicles not under the control of the Pentagon? But who do they obey then? 

Conspiracy theorists are now offering two main explanations for the situation – good and bad.

A good explanation suggests that Trump and his Space Forces are behind these secret ‘ashtrays’. That is, either these TR-3Bs report directly to him, or Trump was promoted to the White House by the people who are behind the development of these devices. And now, visually flying over some cities of the United States, some secret military from Area-51 made it clear to the Deep State who is in charge in America and in the world in general:

 The second possible explanation for the flashes of TR-3B is already very pessimistic and suggests that the military behind these technologies is precisely the same Deep State. In this case, the collapse of America is a foregone conclusion and no Trump can do anything there. 

In any outcome of the elections, first unrest will begin in America, then China, the UN and other “peacekeepers” will climb there to restore order, during which the Chinese MiG-21s will bring down F-35 packs, since an invisible UFO will fly in front of them and do all the work … And the whole world will be surprised by the “great Chinese power”. 

Then China will begin to establish its own order, spreading hegemony throughout the world. Someone will fall under it voluntarily, but someone will not agree with such a new order and a hefty war will begin that will cover the entire planet. The last battle will obviously be somewhere in the Syrian desert, where the Chinese, according to prophecies, will bring 200 million people. And at that moment, TR-3B will appear from the clouds and burn all the army – both from one side and the other.

Further landing ramps will fall, some cyborgs or genomutants will be dumped from the miracle-ships in formation and will report that so they say and so – from now on we will all live without wars, according to new rules, in a new global and friendly world. This will be followed by a general command to chip. 

We do not know which of the options is correct. We hope for the first, but the second is also not excluded. Everything will become more or less clear only after the US elections…   

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Conspiracy Theories

Chatham House – The Open Conspiracy Organization Emerged 100 Years Ago

HG Wells  in “The Open Conspiracy. Blue Prints for a World Revolution”(1928) wrote that in the twentieth century the world entered a dangerous phase of development, which could end in catastrophe and even destruction of mankind. The only way to prevent a catastrophe, Wells instructed, is the elimination of sovereign states and the creation of a One World Government, headed by a small group of people – representatives of the intellectual elite and big business.

The Open Conspiracy: Blue Prints for a World Revolution

The idea of ​​world domination has been nurtured for centuries by various secret societies (Templars, Freemasons, Illuminati). However, their plans and activities were hidden from the eyes of the authorities and the people. In the twentieth century, there was an argument to open these plans. And it was necessary to hurry, because scientific and technological progress was accelerating, remaining uncontrollable. The arms race continued and accelerated in exactly the same way.

At the 1919 Paris Peace Conference, these issues were discussed openly. It was decided to create the League of Nations, through which the British and Americans expected to begin building a new world order. True, there were disagreements between the ruling circles of the United States and Great Britain. London believed that the ideal basis for a united world was the British Empire, over which“the sun never sets.” In Washington, it was believed that America became the No. 1 power after the First World War and that it was she who should lead the movement towards a new world order.

Colonel House
Colonel House

However, both in the USA and Great Britain there were politicians who considered these imperial ambitions to be “prejudices of nationalism”, considering themselves a single elite of the highest Anglo-Saxon race. Such was Edward Mandel House  (1858-1938) – diplomat, adviser to President  Woodrow Wilson  (Colonel House). Lord Alfred Milner  (1854-1925), one of the key figures in the cabinet of David Lloyd George, was also a consistent supporter of Anglo-Saxon mondialism.

Lord Alfred Milner
Lord Alfred Milner

Colonel House was very upset when, while at a conference in Paris, he learned that Washington had rejected US participation in the League of Nations, the provisions of which were laid down in the Versailles Peace Treaty. He very much hoped that the League of Nations would become an instrument for the creation of a United State. After that, in the same place, in Paris, Colonel House met with British partners. They agreed that two organizations would be created in the United States and Great Britain, closely interacting and implementing the Anglo-Saxon project of building a new world order.

The first of these organizations was established a hundred years ago, in the summer of 1920. It was the  British Institute of International Affairs (BIIA) , renamed toThe Royal Institute of International Affairs (RIIA)  in 1926  and still exists under that name. The Institute is also known as Chatham House, which is the name of the building in which it is located (next to Westminster Palace in central London). In 1961, the  RIIA  changed location, but the Chatham House name remained.

The preparatory work for the establishment of the  RIIA  was carried out by  Lionel Curtis , Lord Milner’s secretary. The status of the institute is a non-governmental non-profit organization that exists at the expense of voluntary donations. The first donation of £ 2,000 was made by Thomas Lamont  of J.P. Morgan Bank. John D. Rockefeller  has contributed  £ 8,000 annually to the RIIA since 1932. Later, the  RIIA  began to regularly receive large regular donations from American charitable foundations (the Rockefeller, Carnegie, and others).

The first head of the institute was  Robert Cecil  (1864-1958) – British lawyer, parliamentary, public and statesman, active employee and ideologist of the League of Nations, winner of the 1937 Nobel Peace Prize (for services to the League of Nations). Lionel Curtis was promoted to RIIA Honorary Secretary. The leadership of the institute also included former Foreign Minister  Edward Gray , former Prime Minister  Arthur Balfour , Lord Lothian, renowned English economist  John Maynard KeynesAlfred Zimmerman  (Oxford professor, author of The League of Nations and the Rule of Law). Zimmermann had a capable student, Arnold Toynbee (1889-1975). On Zimmerman’s recommendation, Toynbee became the institute’s first paid employee. Toynbee was later appointed director of the institute. At Chatham House,  Toynbee played the leading role for three decades (1925-1955). He directed scientific research and was at the same time a high-ranking officer of the British  MI6  (intelligence) service. Much of the RIIA research was done on behalf of MI6 .

Arnold Toynbee
Arnold Toynbee

RIIA did not arise out of nowhere. It became a superstructure over the rather secret organization “Round Table”. According to historians, this society arose as a secret in 1891 in South Africa at the initiative of Cecil John Rhodes (1853-1902), a famous figure of British imperialism, who linked his life with the British colonial expansion in South Africa. Rhodes, a gold and diamond miner in South Africa, was associated with the Rothschilds. In 1910, the Rothschilds established the Round Table in London; the main public figure for the Round Table was Lord Alfred Milner. During the Lord’s lifetime, the Round Table was often called the Milner Group. Many historians believe that at the beginning of the 20th century the composition of the Round Table and the composition of the Committee of 300 (the world elite).

As Nicholas Hagger notes  in The Syndicate, the history of the creation of a secret world government and the methods of its influence on world politics and economy ”, the activities of the Round Table had two contours – external (open activity) and internal (secret activity). The task of the Round Table, writes the famous American historian  Carroll Quigley (1910-1977) in the book Tragedy and Hope, was “no less than the creation of a world system of financial control, concentrated in private hands and capable of influencing the political system of each country and the economy of the world as a whole. This system will be completely feudally governed by the central banks of the world, acting in accordance with secret agreements concluded at frequent personal meetings and conferences. Quigley was very fond of the Round Table, being the official historian of this society.

The Round Table set out the task of creating a world government governed by international bankers. Many researchers of the Round Table activities believe that the program of this organization as a whole coincides with the program of the Illuminati Order in the 18th century. The successors of the Illuminati, members of the Round Table, viewed England as an Atlantic force, not a European one, and counted on the creation of a federation of English-speaking countries. Milner has established Roundtable Groups in South Africa, Canada, Australia, New Zealand, India and CIF. They were all run from England. They included the most famous politicians of the British government, and they were all devoted to the idea of ​​world government. The Roundtable has always wanted to transform the British Empire into a federal system that would eventually include both the United Kingdom and the United States.

The RIIA  was a continuation of the Round Table. After the death of Lord Milner in 1925, references to the Round Table became rare, and more often people began to speak of the Royal Institution. In 1931, Toynbee gave a speech in Copenhagen, in which he declared:  

“We are currently working with all who can make all the nation-states of our world forget about the mysterious power called sovereignty. And we constantly deny what we really do .

Nicholas Hagger believes that Toynbee was more American than British, as most of the funding came from overseas, from the Rockefellers:  

“For 40 years, Toynbee was actively involved in the RIIA’s efforts to create a world government. In his writings, Toynbee argues that nation states are withering away and will be supplanted by the “Rockefeller” world government. Although Toynbee’s work is fascinating, it is unfortunately completely unreliable .

Toynbee was a prominent member of the Fabian Society, ideologically close to the Labor Party. Toynbee and his associates Herbert Wells,  Bertrand RussellBernard Shaw, brothers Julian and Aldous Huxley did not rule out that the international socialist movement would become one of the possible ways to create the One State. In particular, Toynbee and his associates were very impressed by the Bolsheviks’ commitment to internationalism, although the Fabians and employees of the Royal Institute did not share communist views.

Among those who surrounded Toynbee, many understood that the building of the One State was a task for the distant future. It is necessary to move towards the cherished goal gradually. The creation of a united Europe, in which individual states would dissolve their sovereignty, was considered as a closer goal. Toynbee managed to live up to this time, when the Treaty of Rome was signed in 1957 by six European states (1957), and later the European Economic Community (EEC) began to be created.

A year after the establishment of the RIIA, a mirror institution was created on the other side of the Atlantic Ocean, called the  Council on Foreign Relations (CFR) . The origins of the organization were Colonel House and  Paul Warburg  (1868-1932) – one of the initiators of the creation of the US Federal Reserve System. CFR members   included Woodrow Wilson, Colonel House, and a number of other influential politicians, bankers and businessmen. Particularly noteworthy are members of the Council such as  John Foster Dulles  (served as Secretary of State under President  Eisenhower ) and his brother  Alain Dulles (future first head of the CIA). A close informal relationship was established between John Dulles and Arnold Toynbee. John Dulles, as Chairman of the Board of Trustees of the Rockefeller Foundation, has helped ensure that the Royal Institution receives regular financial support from the Foundation.

All publications on the Royal Institution usually refer to the  Chatham House Rule . It assumes that participants in closed meetings have no right to disclose the authorship of those other opinions outside the small circle of RIIA members  . Opinions can be published, but as impersonal. The rule is intended to encourage maximum openness and frankness in internal meetings. The official mouthpiece of the institute is International Affairs  and World Review .

Since 2005, the Royal Institution has established a prize – the  Chatham House Prize . It is awarded annually to “the statesman or organization that Chatham House members believe have made the most important contribution to improving international relations in the past year .” 

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Conspiracy Theories

Meteorite as a false flag? Shadow government prepares kinetic orbital strike

According to watchers, citing top NASA officials, on September 24, 2020 at 11:18 UTC, an asteroid designated as 2020 SW will approach the Earth.

The asteroid is small, about 10 meters, but the distance will also be quite small – 0.07 LD / 0.00019 AU / 28 423 km / 17 661 miles:


Meanwhile Express, again with reference to the nice guys from NASA reports that two more asteroid rocks are flying towards us – RH6 2020 and RQ3 2020, which will pass by the Earth in the next day. Both asteroids are about 50 meters in diameter, the distance to them will be crazy (about 10 LD), so the probability of something falling to Earth is excluded. However, the options may be somewhat different.

As the famous American conspiracy theorist Michael Salla recalls in his video for September 16, the Earth may collide not with an asteroid, but with a real orbital bombardment. Cleverly, this is called “kinetic orbital impact“:

As you can see from this explanatory video, a satellite placed in orbit can launch heavy and large tungsten rods on the Earth, the impact of which will be comparable in force to a meteorite impact. That is, practically an atomic bomb, but without undesirable damaging factors in the form of radioactive contamination.

Michael is a person known without any exaggeration and he has been studying the topic of orbital bombing for many years, suggesting that sooner or later the Deep State will use these weapons to organize one or another false flag. In particular, Michael posted another big article about this at the end of August.

When Michael Salla was just starting to raise awareness on this topic, they laughed at him, because people did not believe that certain intruders would shoot such things at their country. But much has changed since then, and the same fires in California leave no doubt about the deliberate arson. Therefore, if someone could encroach on California from orbit / from an airplane, then why not strike, for example, on New York?

In light of this possibility, any reports about asteroids are already suggestive, especially if these asteroids are trumped at all angles. There are also conspiracy theorists, who could well have given information – tomorrow a large stone will fall on Earth, but just do not tell anyone, since we told you the information in secret. And when something falls from heaven, everyone will know, there will be no need to explain anything to anyone.

On the other hand, something really flies near the Sun: If we assume that it is Nibiru, which brought a cloud of asteroids with it and these asteroids begin to fall on their heads, then the authorities may try to hide even this. And in this situation, people such as Michael Salla, who are sometimes called by the term “useful fools” by the special services, will become especially useful. That is, a person, speaking from a pure heart and not in any cooperation with the FBI / CIA, brought to the people information about some kind of “orbital strike”, which could be blamed for everything and even then start a small retaliatory nuclear war.

In general, the options can be different and, as it were, mutually exclusive, nevertheless, with any of the options, something healthy falls on the city and the people living there will absolutely not care whether it flew in Nibiru, or is it an orbital strike, or even a nuclear war.

That is why the probability of a false flag with bombing from orbit must be borne in mind – especially when NASA publicly discovers something there or conducts exercises about meteorite fall. As Michael Salla reminds, according to the scenario of the last NASA / FEMA exercises, the meteorite arrived in 2020, on September 20

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