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On June 27, 2012, the Commodity Futures Trading Commission, or CFTC, filed a surprise legal order against Barclays Bank -- in a move that has shocked the world.
A wealth of emails were presented, giving irrefutable evidence that Barclays was manipulating their own credit score -- to generate almost unthinkably vast profits.
Here is the link where you can download the legal order yourself -- and a photograph of the top page of this historic document.
http://www.cftcDOTgov/ucm/groups/public/@lrenforcementactions/documents/legalpleading/enfbarclaysord
er062712.pdf
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This may not seem like a big deal at first -- but in order for Barclays to have rigged their own credit score, they had to be conspiring with all the other biggest banks in the world.
These are the banks they are supposedly in competition with.
This story has taken off with unprecedented, explosive force in the UK -- but is almost non-existent in the US, except on Huffington Post and alternative news sites.
This legal action required extraordinary secrecy to perform. Had the Cabal gotten wind of it, they would have killed everyone involved.
Indeed, the world just found out that all the biggest banks are in bed together.
They are all implicated in a vast conspiracy to lie to the public, and create artificial investor confidence that benefits no one but themselves.
Mass criminal charges are already being prepared -- by labor unions, local banks, local governments, state governments and federal governments -- as a result of this move by the Department of Justice.
>Italian police seize Barclays documents in rates probe
Italian police have searched the Milan offices of Barclays as part of widening international investigations into alleged rigging of global interest rates, judicial sources and consumer groups said on Tuesday.
http://uk.reuters.com/article/2012/07/31/uk-italy-euribor-barclays-idUKBRE86U0BN20120731
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http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-wo
rld.html
AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs).
"Reality is so complex, we must move away from dogma, whether it's conspiracy theories or free-market," says James Glattfelder. "Our analysis is reality-based."
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>>10630395
When this article was first posted, the comment in the final sentence of the paragraph beginning "Crucially, by identifying the architecture of global economic power…" was misattributed.
The top 50 of the 147 superconnected companies
1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company
31. Aviva plc
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
37. CNCE
38. Nomura Holdings Inc
39. The Depository Trust Company
40. Massachusetts Mutual Life Insurance
41. ING Groep NV
42. Brandes Investment Partners LP
43. Unicredito Italiano SPA
44. Deposit Insurance Corporation of Japan
45. Vereniging Aegon
46. BNP Paribas
47. Affiliated Managers Group Inc
48. Resona Holdings Inc
49. Capital Group International Inc
50. China Petrochemical Group Company
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File: 1343811662932.jpg-(608 KB, 1014x1019, corporate_core.jpg)
>>10630401
>THE "BOW-TIE" STRUCTURE
As you just read, the Swiss scientists identified a total of 43,060 trans-national corporations in the Orbis 2007 database.
They were quite surprised to discover a "bow-tie" structure when they analyzed how these corporations were related to one another.
The "bow-tie" is a visual metaphor of what their data actually looked like once they had everything mapped out. A bow-tie has a small central knot with two loops coming off of it.
The equivalent of the bow-tie, in ther computer data, was a very small central knot of corporations with branches that extended out to a surprising majority of the entire system.
In this case, it looks more like a circle with a bunch of red dots in the middle -- but notice how the dots are all clustered in the center.
This brief explanation helps us understand some of the wording in the abstract of the paper, which summarized their findings at the beginning:
http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf
We find that transnational corporations form a giant bow-tie structure -- and that a large portion of control flows to a small, tightly-knit core of financial institutions.
This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers….
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>>10630408
> A CORE OF 1,318 COMPANIES THAT RUN THE SHOW
The Swiss team revealed that a very small ‘core’ of 1,318 companies was in direct control of many more corporations. In total, these corporations earned 20 percent of the world’s wealth, as we will see.
This 'core' is the first level of the "bow-tie" structure they discovered. The 1,318 companies were the "knot" of the bow-tie, which extended out and entangled many other corporations.
This excerpt from page 5 is where they first mention the core:
http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf
Thus, similar to the WWW [the Internet], the TNC [trans-national corporation] network has a bow-tie structure [21] (see Fig. 2 A and SI Appendix, Sec. 6).
Its peculiarity is that the strongly connected component, or core, is very small compared to the other sections of the bow-tie…
The core is also very densely connected, with members having, on average, ties to 20 other members (Fig. 2 C, D).
As a result, about 3/4 of the ownership of firms in the core remains in the hands of firms of the core itself.
In other words, this is a tightly-knit group of corporations that cumulatively hold the majority share of each other….
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>>10630418
>A GHOST IN THE MACHINE
It is very, very strange that all these corporations, theoretically in competition with each other, all actually own each other's companies.
The scientists were shocked, because the ownership was far more entangled and interrelated than anyone could ever have imagined -- even for those with the unsavory label of a "conspiracy theorist."
These were not crackpots.
Credible scientists explored virgin territory, using supercomputers and a vast database -- and discovered an astonishing "ghost in the machine."
>LET'S TAKE A CLOSER LOOK
In this diagram, taken from the Swiss study, we see a better illustration of the core -- including some of the top players within it, and their relationships.
Look closely. Some of these names should already be quite familiar to you:
Names that immediately jump out include Goldman Sachs, JP Morgan Chase, Lehman Brothers, Morgan Stanley, Bank of America, Merrill Lynch, Citigroup, UBS, Deutsche Bank and Barclays.
These are almost all financial institutions. They are supposed to be in competition with each other. Most of their employees certainly think they are.
What the hell are they doing by all owning each other's companies?
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>>10630422
>A STUPEFYING AND HUMBLING DISCOVERY
When we find out that 80 percent of all the money being earned in the world is all going into a centralized network, that's another way of saying "Everything is Under Control."
The remaining 20 percent of "hold-outs" are probably in foreign nations who somehow managed to resist this vast Cabal.
The 80-percent majority includes pharmaceutical companies, clothing manufacturers, agriculture providers, gadget-makers, mining consortiums, telecommunications companies, defense contractors, food manufacturers and the media complex.
It's what we eat, what we drink, what we wear, what we drive, what we use, what we learn and what we are informed by.
This is a stupefying and very humbling discovery.
Once the average person steps back, absorbs this information and then passes out from intellectual fatigue, they are likely to wake up with nightmares.
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>>10630430
>737 CORPORATIONS HAVE 80 PERCENT OF THE CONTROL
The magic trick isn't over. This is all still just the set-up, as the elusive magician draws us more and more into the realm of the fantastic -- and the impossible.
Believe it or not, only 737 corporations control this network that directly earns !! 80 !! percent of all the world's profits.
The smoke rises -- and the audience gasps in awe at how the magician could have ever pulled off a stunt like this.
This next excerpt from page 6 of the paper reveals the truth -- in stark, black and white words on this screen.
Don't let the technical jargon fool you. This single sentence has earth-shaking implications -- and everyone needs to know about it.
http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf
In contrast, we find that only 737 top holders accumulate 80% of the control over the value of all TNCs [trans-national corporations] (see also the list of the top 50 holders in Tbl. S1 of SI Appendix, Sec. 8.3).
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>>10630432
>BRITISH PARLIAMENT CALLS FOR MASS ARRESTS
By July 4th, members of the British Parliament were openly calling for mass arrests of the top CEOs and bankers who manipulated the LIBOR rate for their own gains.
July 4: British Parliament Calls for Mass Arrests in LIBOR Scandal
http://www.bbc.co.uk/news/uk-politics-18702653
The prime minister [David Cameron] said a single parliamentary inquiry into the "appalling" events would be the most "swift and decisive" course of action.
But Labour's leader [Ed Miliband] said this was "too narrow" and a much wider judicial probe into the culture of banking was needed….
At Prime Minister's Questions, Mr Cameron said the manipulation of the key Libor inter-bank borrowing rate by Barclays traders was "outrageous" and those responsible for "spivvy and probably illegal activity" should be held to account.
"People want to know that crime in our banks, crime in our financial services, will be pursued and punished like crimes on our streets," he told MPs….
But, in heated exchanges in the Commons, Mr Miliband said the prime minister did not understand the "depth of public concerns" about the matter and was failing to act in the national interest.
"Whenever these scandals happen, he has failed to act and he stands up for the wrong sort of people.
"His party is a party bankrolled by the banks. If he fails to order a judge-led inquiry people will come to one conclusion. He simply cannot act in the national interest."
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File: 1343812004416.gif-(314 KB, 500x500, 1323449681635.gif)
>mfw the economy is about to collapse
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>>10630438
>THE IRS GETS AUDITED FOR BILLIONS OF DOLLARS IN FRAUD -- JULY 3RD
Furthermore, on July 3rd we found out the IRS was being audited -- for billions of dollars in fraud.
The IRS is not innocent in all of this either. Corruption exists throughout the entire system -- as we are increasingly finding out.
Their own employees have now turned against them.
July 3: IRS Gets Audited -- For Allowing Billions of Dollars in Fraud
www.wnd.com/2012/07/and-finally-the-irs-gets-audited/
The federal agency that strikes fear into many U.S. taxpayers is getting a dose of its own medicine – as it is now the focus of a year-long audit for allowing illegal aliens to scam the system and bilk taxpayers out of billions of dollars every year.
Federal employees are blowing the whistle on the Internal Revenue Service, according to a report by Indianapolis television station WTHR-TV….
Howard Antelis, a tax examiner at the IRS’ ITIN processing center in Austin, Texas, explained: “We were being told by upper management to ignore fraud, to assign ITIN numbers and … pay out refunds to people who are lying. It’s a license to steal when you allow that.”…
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>>10630448
Antelis said he reported the scams regularly to his managers – for years – with no result.
Frustrated with the inaction, he called the Inspector General’s office in Washington, D.C.
“I’ve been working for the federal government for 23 years and I signed an ethical standard of conduct when I went to work that says if you see fraud, you need to report it,” he said.
“I tried and tried and tried, couldn’t get anywhere so … I went into a quiet room and started making phone calls.”…
The auditors made a shocking discovery: IRS employees were, in fact, encouraged to overlook indications of fraud….
“It’s pure negligence by management and they’ve been trying to keep it quiet,” Antelis said. “There is a criminal element that is defrauding the U.S. government by filing mountains and mountains of these fraudulent applications.
"We see them in piles in bulk every day that are obviously not legitimate documents and not legitimate tax returns and not legitimate wages … and [IRS managers] don’t want to deal with it.
"That’s where all the fraud is. The fraud is in the fake notary stamps and fake documents which we’ve been accepting.”
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>>10630457
>Tim Geithner Admits Banks Bailed Out Using Rigged LIBOR Interest Rate Costing Taxpayers Billions
Timothy Geithner claimed on Wednesday that the government had no choice during the financial crisis but to lend to banks and AIG using an interest rate, Libor, that everybody knew was flawed.
Call it a back-door bailout: By using an artificially low Libor, the government saved the banks and AIG millions, maybe billions -- and cost the taxpayers the same amount.
The use of Libor in the bailouts also rubber-stamped that hopelessly manipulated interest rate as a market measure, raising still more questions about just how worried Geithner and other regulators really were about it.
In a House Financial Services Committee hearing on Wednesday, Treasury Secretary Geithner was asked why Treasury and the Fed used the London Interbank Offered Rate as a basis for loans to insurance giant American International Group and to U.S. banks under the Term Asset-Backed Securities Loan Facility -- even though Geithner and other regulators had long suspected that Libor was artificially low, as Geithner testified.
"We were in the position of investors around the world," Geithner shrugged. "You have to choose a rate, and we did what everybody did -- use the best rate available at the time."
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>>10630470
>ROLLING STONE'S MATT TAIBBI EXPLAINS THE LIBOR SCANDAL
This next video is an excerpt from Elliott Spitzer's show, Viewpoint, on Current TV. It has completely gone viral -- for good reason.
It very nicely summarizes what the people have now learned as a result of the LIBOR scandal -- and should be considered "required viewing" for anyone seeking to understand this.
http://www.youtube.com/watch?v=0oV2mI0IYp8
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File: 1343812394315.jpg-(22 KB, 500x326, 1340969570805.jpg)
>GERMAN PRESS BLOWS THE WHISTLE ON THE VATICAN
Many investigators claim that the Vatican is at the epicenter of this vast, interlocking global corporate cabal.
The people orchestrating the mass arrests from the inside also know this -- based on information I and others have gathered.
On July 2nd, an important article appeared in the German press about the ever-accelerating Vatican Bank scandal, which began kicking into high gear as of June 5th, 2012.
This is all part of the orchestrated series of disclosures that must precede the mass arrests.
>July 2: Growing Vatican Bank Scandal Threatens Catholic Church Image
http://www.spiegel.de/international/europe/a-growing-vatican-bank-scandal-threatens-catholic-church-
image-a-842140.html
The Vatican scandal over shady bank accounts and millions in suspect transfers began shortly before sunrise on June 5 on Via Giuseppe Verdi, a picturesque street in the old part of Piacenza, a town in northeastern Italy….
The documents confiscated from Gotti Tadeschi, a former confidant of the pope, provided Italian law-enforcement officials insight into the innermost workings of the Vatican bank.
The secret dossier includes references to anonymous numbered accounts and questionable transactions as well as written and electronic communications reportedly showing how Church banking officials circumvented European regulations aimed at combating money-laundering.
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>>10630490
>A POSSIBLE MOTIVE
The drama unfolding in the Vatican is now heading toward a climax….
Several high-ranking officials within the Curia viewed the bank, officially known as the Institute for Works of Religion (IOR), as something akin to a trust company for clandestine monetary transactions that is not only used by the Church, but allegedly also by the mafia as well as corrupt politicians and companies.
In one of the seized Gotti Tedeschi memos, he wrote: "I've seen things in the Vatican that scare me."
It is a clear turning, one which transforms the so-called "Vatileaks" affair into a financial scandal that could seriously damage the reputation of the Holy See.
Internal correspondence dated May 22 from a member of the bank's supervisory board to the Vatican's Secretariat of State notes that the Vatican bank is presently "in an extremely fragile and precarious position" and that the situation had reached "a point of imminent danger."….
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>>10630493
>THE VATICAN LEADERSHIP IS ALARMED
Archbishops and cardinals are far from thrilled that Italian officials are now rummaging around in their secret affairs.
Papal spokesman Federico Lombardi has openly threatened Italy's law-enforcement apparatus and urged it to kindly respect "the sovereign rights of the Holy See."
In other words, he believes that all those documents including confidential details about the Vatican bank that were seized during the search of Gotti Tedeschi's home should not be in the hands of Italian investigators….
Its business model depends on keeping things as shrouded as possible from all financial authorities.
Capital gains are untaxed, financial statements are not disclosed and anonymity is guaranteed.
The bank's exotic status of belonging to a religious monarchy in a sovereign state the size of a city park has shielded it from investigations and unpleasant external monitoring….
The Vatican has yet to divulge the business practices its bank has been using for decades. "There is fear that, owing to the transparency necessary today, one will find something in the past that one doesn't want to," says Marco Politi, a Rome-based Vatican expert.
Such things could include a complex system of ghost accounts and shell companies like the bank had when Archbishop Paul Casimir Marcinkus was its head in the 1980s….
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>>10630479
I will most likely end up killing myself over the fact I've never been given the oppertunity to waste my entire life on a soul-crushing 9-5 job.
>this is what the current generation of 50-60 year olds really think
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>>10630501
>JP MORGAN DIVORCES THE VATICAN BANK
On March 19, 2012, JP Morgan shocked the financial world by suddenly and abruptly "divorcing" the Vatican Bank.
The announcement was made public after the separation had already started -- and less than two weeks before the divorce was complete.
This was clearly a sign that the Federal Reserve bankers knew troubles were ahead -- and were scrambling for cover as they broke into rival, warring factions.
http://www.huffingtonpost.com/2012/03/19/vatican-bank-image-hurt-closed_n_1363432.html
The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.
The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud.
Italy's leading financial daily Il Sole 24 Ore reported at the weekend that JP Morgan Chase in Milan had told the IOR of the closing of its account in a letter on Feb. 15.
The letter said the IOR's account in Italy's business capital would gradually be phased out starting on March 16 and closed on March 30.
In Milan, JP Morgan Chase declined to comment and the Vatican also had no comment.
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Source, the great revealing:
http://divinecosmos.com/start-here/davids-blog/1066-great-revealing
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>>10630490
>>10630490
Love that quote!
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>>10630505
Inaccurate pic.
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>>10630537
>Talking about other people deserving more respect than talking about things
The majority talk about other people in terms of gossip, jealousy, celebrity worship, etc. You're better off talking about a toaster.
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File: 1343820443717.gif-(1.99 MB, 274x237, dansin seel.gif)
bump
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OUTRAGE.
Literally almost every person on this planet has been affected by this group of corrupted people. WOW
Thank God the Europeans have spines and brains to prosecute these deeply corrupted, greedy, sneaky group of people.
They fucked the entire world
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Oh hey a new thread finally.
Last one died due to a forum slide.
Also some food for thought: http://galacticchannelings.com/english/mike30-07-12.html
"Yes, we have the deadline Saturday the 4th. of August in mind and no longer, before we take matters into our own hands".
Saturday/Sunday could get very interesting.. suppose we'll have to wait and see now that we have an actual date.
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>>10631388
>galactic channelings, "love and light"
This thread has quantifiable sourced facts. Take your bullshit elsewhere.
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>>10631410
OP was the one that linked from there last thread.
Don't be a faggot.
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>>10631422
OP is always a faggot.
But these are srsbsns links.
Don't be a fag enabler.
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>>10631410
In fact, I posted link to this channeling in yesterday's thread.
I took a skeptical stance on this, Channelings were never a source of solid information, even though we've been given a certain date.
Either this gets debunked on 4th, or we will see some Alien-on-Earth action.
No need to get upset.
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bump for justice
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Another link: http://www.marketwatch.com/story/knight-shares-dive-trader-admits-routing-problems-2012-08-01?link=M
W_latest_news
>SAN FRANCISCO (MarketWatch) -- Knight Capital KCG -23.04% shares dropped 20% to $8.28 Wednesday, notching a new 52-week low, as the NYSE Euronext's NYX -1.83% New York Stock Exchange said it was investigating trades in more than 100 stocks, and market-maker Knight said software problems had resulted in some routing problems.
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Take it over to /pol/
This is spooky board...not finance board. OP information is old and known, nothing will ever be done about it until the currency collapses in eight months according to the math on Zerohedge.
USD blows it's guts out and takes all the other currencies with it and their central banks.
OR
All other currencies blow up and the USD does something never seen before.
hyper deflation. 0 btw isn't an absolute in this situation, it's a mild starting point in a long, long, long drop.
What is hyperdeflation?
Write downs, Write offs and debt forgiveness..
Damned if they do, damned if they don't. Assholes booby trapped the whole thing wrapping derivatives around it all.
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>>10630447
No jimmy, it's just going to be rebuilt into a system that actually works. No collapse.
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>>10632702
FUCK YOU NIGGER IT DESERVES TO BE ON EVERYWHERE IN THE INTERNET.
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>>10632702
fuck off
bank corruption->illuminati->lucifer->aliens->spooky
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>>10630422
God dammit!
I've been telling people for years that certain companies have never been in competition. That monopolies are looked down upon and are illegal in many countries, so they put on the face of competition, but are all really the same market and owners.
To actually be proven right? Makes me sad and repulsed that something so obvious is so easily ignored, and everyone is so easily manipulated.
I'm ready to transcend reality now.
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>>10630372
Interesting although I don't think the currencies will collapse
If anything I think the Euro will pull through and more countries will adopt it as a safety net
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