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File: 1367110602743.jpg-(20 KB, 360x241, geithner.jpg)
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http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425?stop_mobi=yes

>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.

Abusing the lack of regulation and acting on single interest, the major financial institutions of the world continue to manipulate interest rates of just about everything for their benefit and at the expense of everything else. It's time we nationalize the banks.
>>
Obama studied under Geithner's dad.

But, really, anybody who knows anything is already well aware of this. The fact that this is present in "the press" is merely a sign of the changing times.
>>
>>13405406 (OP)
If you think the Fed is bad imagine what would happen if you concentrated power further. National banks for work and make corruption easier.
>>
>>13405541
How does nationalization centralize power?
>>
>>13405571
It takes it away from markets, which are at least somewhat decentralized despite the Fed.
>>
>>13405571

it merges industry and government, two organizations that should be checking each other's power, not accentuating it
>>
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>>13405406 (OP)
B-b-but remember free markets!
>>
>>13405619
>>13405639
Good answers. Markets are decentralized vs. the Fed as long as the big banks aren't rigging them, which they do with the blessing of the fed.

But it's the opposite of merging industry and government as long as your government is accountable to its people. And, if you don't have that, then you have bigger problems.
>>
>>13405406 (OP)
How would nationalizing the banks put an end to corruption?
Sounds like commie-idf
>>
>>13405406 (OP)
>$500 Trillion
Wait, what? WHAT? 500 TRILLION fucking dollars got swindled away?

How is this not the biggest story on every channel?
How the fuck are people not rioting in the streets?
Why isn't the government trying to stop them and get the money back?

This is absolutely insane.
That is 500,000,000,000,000 dollars.
That's 500,000 Billion dollars.
That's 500,000,000 Million Dollars.

Absolutely absurd.
>>
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>>13405806

No
>>
>>13405806
That's quite right. We can see a great example of this in South America, where they turned to communism as a way to throw off transnational corporate exploitation.

Neither one is any good. What you really have to do is have a decent set of laws and maintain the rule of law.
>>
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>>13405881
And to expand on that, where did this historic booty go? Who stole from us? How did this evil steal into this world?
>>
>>13406237
Shush.

My local paper told me there was some $100M swindler who just got put in jail. I don't even understand you cockamamie "trillion" words. Stop trying to make me look stupid.
>>
>>13405406 (OP)
>thinks this is because of no regulations
>doesnt see that governments are really in bed with corporations.
this is corporatism not free market
>>
>nationalize banks
>OH GEE NOW INSTEAD OF GREEDY BANKSTERS, WE'LL HAVE GREEDY G-O-V-E-R-N-M-E-N-T POLITICIANS WHO ONLY HELP THE BANKSTERS
>>
>>13405406 (OP)
>banks taking advantage of their own central system they made up
>outrage
pick one
>>
>>13406429
Execute them. Execute them all. Every banker. Execute anyone who says "I'll loan you the money you need to do anything at all in life but I expect more than that back".
>>
>>13405881
I think you might be illiterate.
>>
>>13406499
Only if we execute the government first.
>>
Christian Noyer, Paris (Chairman of the Board of Directors)

Ben S Bernanke, Washington, DC; Mark Carney, Ottawa; Agustín Carstens, Mexico City; Luc Coene, Brussels; Andreas Dombret, Frankfurt am Main; Mario Draghi, Frankfurt am Main; William C Dudley, New York; Stefan Ingves, Stockholm; Thomas Jordan, Zurich; Mervyn King, London; Klaas Knot, Amsterdam; Baron Guy Quaden, Brussels; Fabrizio Saccomanni, Rome; Paul Tucker, London; Ignazio Visco, Rome; Jens Weidmann, Frankfurt am Main; Zhou Xiaochuan, Beijing

Alternates

Mathias Dewatripont or Jan Smets, Brussels; Paul Fisher or Michael Cross, London; Anne Le Lorier or Marc-Olivier Strauss-Kahn, Paris; Joachim Nagel or Karlheinz Bischofberger, Frankfurt am Main; Fabio Panetta, Rome; Janet L Yellen or Steven B Kamin, Washington, DC
>>
>>13406547
Fuck off, Feudalist. We tried your way of life for 10,000 years.
>>
>>13406550
Families (All of them, extended included)
Rothschild
Rockefeller
Warbug
Kuhn-loeb
Lehman
Collins
Li
Morgan
Astor
Dupont
Vanderbilt
Chase
Schiff
>>
>>13406550
I don't see any fucking Rothschilds on that list, nigger.
>>
>>13406617
Nigger, they are in the families list.
>>
>>13406580
Anarchist
>>
Stupid people treating the nominal value of derivatives as if those were the actual values being traded

EVERY FUCKING TIME
>>
>>13405756
>But it's the opposite of merging industry and government as long as your government is accountable to its people. And, if you don't have that, then you have bigger problems.

I have news for you bro....
>>
>>13405406 (OP)
>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 Rothschilds did play a part in this obviously
>>
>>13406660
Federalist
>>
>>13405541

Didn't hitler nationalize the banks after the Jews fucked up his economy with hyperinflation? And made Germany the richest nation in Europe without an interest based banking system in only four years?
>>
>>13406794
That plus seizing their assets
>>
>>13406831

He made an entirely new currency. And Jews had a global boycott in place against Germany. How did he use their "assets" without nations willing to even barter with them?
>>
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>>13406920
THE HOLOCAUST
>>
>>13405406 (OP)
Here here

But first we need to clean house first, Egyptian style.
>>
>>13405406 (OP)
>Abusing the lack of regulation and acting on single interest

It's called the free fucking market, deal with it you freedom-hating faggot
>>
>>13406617
>>13406601
>>
>>13406381
>this is corporatism
No, it's capitalism
>>
Sigh.

We all know monopolies are bad... so why can't people figure out that a monopoly on currency is bad, too? Hell, it's the WORST kind of monopoly...
>>
Actually the answer to banking crimes is to execute the jewish banker scum. Scare them real good, no more of this slap on the wrist fines or short prison terms.
>>
>>13407138
The Federal Reserve bank is not a national bank. It is a private business.
>>
>>13407063
>muh capitalism
screams the future slave as he is crushed under the boot of a Jew and their Banker friends

Marxists warned you fuckers for years. Now you are getting your just desserts.

Don't complain. You asked for it, hell you played right into. You bought meaningless bullshit, you borrowed money, you got into debt and now look where they are.

You caused this, and you did so happily.
>>
>>13407191
Freeze their assets suddenly and force them to work for a living instead of usury.
>>
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>>13407191
Execute them and their families. No tolerance must be given to their children.
>>
>>13407234
>free market
>crony capitalism

pick one
>>
>>13407254
JIDF get out
>>
>>13407191
the reason they get a slap on the wrist and nothing else is because of zog
>>
>>13407264
>>13406601
>Families (All of them, extended included)

Just save my list and be done with it /pol/. Spread it to your radical friends.
>>
>>13407271
Free market became crony capitalism. Everybody watched in awe at the shiny new products coming off the lines and were blind.
>>
>>13407115
capitalism doesn't condone influencing the government to empower your company
>>
>>13407314
Says who? Adam Smith. Because he's been dead for a long fucking time.
>>
There is no evidence that the Rothschilds' own ANY central bank, let alone the federal reserve
>>
>>13407310
if a company manipulates the government, it is no longer the free market

>>13407328
then i guess it's time to end the constitution because theyve been dead for a long time too. go home azula, youre drunk

>>13407343
>the most powerful people in the world are stupid enough to leave evidence
>>
>>13407191
If you want to scare them good you'll have to replace pussy injection executes with something better like bringing back the electric chair.
>>
>>13407343

They own the central Bank of England you twat.
>>
>>13407234
The Rothschilds were happy as hell with practiced 'Marxism' because it was extremely effective at keeping wealtg at the top and to them.
>>
>>13407492
>electric chair

Uhm no.
We go Mayan style. Bring them to the steps of Capitol Hill and chop their heads off then let them roll down to the masses.

And by Jews I hope you retards understand not every one of these paycheck players are Jewish.
>>13406550
>>13406601

It is a lot of fucking bodies.
>>
>>13407582
its not that many bodies compared to what will happen if we let them continue on their shitty path of destruction
>>
>>13407343
They own the City of London, as in it's private property. Also happens to be the financial capital of the world. Yes, there is a difference between 'London' and the 'City of London'.
>>
>>13407582

Too easy. How about drawn and quartered? Dragged to the gallows by horseback then only half hanged to keep them alive. Strapped down. Genitals cutoff and burned in front if them. Then disembowlment. Body quartered. Head placed on a pike in public as a warning to other kikes to quit fucking with the worlds people.
>>
See Europe used to have a system for it, whenever the banks started pulling shit like in this in the middle ages the people and government rose up and killed or drove all of them out.
>>
>>13407191
That's what we did in the Middle ages, Bankers got to greedy we slapped them with Blood Libel or other claims and massacred them.

The survivors shrugged picked up the pieces and went back to doing it again, then when they got too greedy they did it again. Another nice thing it did was by killing the bankers, we erased the debts.

We're way overdue for a banker genocide.
>>
>>13407343
They're the primary owners of the Federal Reserve Bank of the United States
>>
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>>13407920
>>
Just fucking shoot them. Don't gather them; don't give them time to Jew. Just fucking shoot them. A single .45 FMJ to the head and you're fucking done. No need for theatrics; no need for foolish time-wasting torturous nonsense. Get the job done and take the world back.
>>
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We need to de-privatize currency also.
Since we started going digital companies have owned it.

Is this the cause of the recent influx of trash on /pol/?

>Looks like a good thread for this.
>>
>>13407115
It's representative democracy

>vote for a guy
>guy now has the authority to make up laws as he pleases
>corporations give him a lot of money so he'll write a law that benefits them
>he might not like money that much, but the other guys that got elected do
>they get the money and end up voting in favor of the corporation-benefiting laws

There you go.
>>
>>13407782
Fine by me.

I'm sure everybody would love to take part in it. There's enough of them to go around for a grand display of power in the people.
>>
>>13407115
>>13407314
>>13408681
>democracy
>captialism
>free market

No you fucking retards.

It is a cross between a kleptocracy and a plutocracy that is masqueraded as democracy.
>>
>>13408181
Don't even need a gun. Kill them with an axe, a knife, a fucking spoon.
>>
Can someone explain to me exactly what happened with the Libor scandal and this? Explain it to me as if I'm 12 years old.
>>
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>>13408181
>implying great enjoyment would not come from torturing them to death

You pull that trigger fast enough you will regret it.
I want to hear their screams. I want to record it all in HD and broadcast it on their own TV channels.
>>
>ultra rich people control the banks and work to stay in control of the money

HOLY SHIT WHAT SCOOP BREAKING FUCKING NEWS RIGHT HERE

EVERY SINGLE CONSPIRACY THEORY IS NOW TRUE!

EVERYTHING I KNEW IS TURNED UPSIDE DOWN

I THOUGHT THE GUY AT THE BANK THAT I TALK TO WHEN I GO THERE RUNS THE ENTIRE FINANCIAL GLOBAL SYSTEM BUT IT ISN'T SO!

HE WAS SO NICE TOO!
>>
>We skeptics owe you an apology. You were right.

TOO FUCKING LATE YOU IDIOTS
>>
>>13405406 (OP)
I like how no one here even bothers to follow the links posted.
>>
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>>13409216
>>
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>>13407314

Capitalism condones doing anything necessary to increase profits, dumbass.

It's not a religion, it's an algorithm. Get the stars out of your eyes and start understanding how it actually works.
>>
>>13405406 (OP)
>Limited hangout
>Misdirection
>>
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>>13409216
>EVERYTHING I KNEW IS TURNED UPSIDE DOWN

Taibbi's a drama queen, but he's always right.

Nice to see Noam Chomsky has an heir.
>>
>>13409109

Which part of "representative" did you fail to comprehend?
>>
It's not a conspiracy if the elite are in control of the entire system like it was since the dawn of mankind.

It's pretty much the opposite of a conspiracy since it's fucking obvious.
>>
>>13409281
>Capitalism condones doing anything necessary to increase profits, dumbass.


Including abolishing slavery, which still happens in less capitalistic countries such as Niger and Sudan
>>
>>13409441
>Noam Chomsky

I think Taibbi is trying to be Hunter S Thompson's heir, not Chomsky's.
>>
>>13409281
Capitalism is good but the way the Jews rig it is bad
>>
>>13409513
What is the civil war?
>>
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>>13409554

>implying either isn't God Tier
>>
>>13409620

An attempt to destroy south's economy in order to maximize north's profits
>>
>>13409554
>>13409643
>chomsky

Oh please. http://www.uruknet.info/?p=22210
>>
>>13409462
>implying fraud isn't rampant and campaigns and such are driven by corporate forces
>>
>>13406601
Hate to break it to you, but Li is the most common last name in the world. Millions of people have that name.
>>
Libor scandal is probably the single biggest scandal if modern history and you hear NOTHING about it. It should be ALL OVER the fucking media. Holy shit.
>>
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>>13409751

>following blind links on 4chan
>ain't gonna happen

Give me the tl;dr version or fuck off.
>>
>>13409940
Chomsky is an agent for Israel.
>>
>>13409770
That's my entire fucking point. You're a victim of your education.
>>
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>>13409910
>MSM reports libor scandal
>CNBC executive has kids murdered

Do you understand the scope of things now?
>>
"A federal judge has dismissed nearly all the claims in lawsuits filed against major banks for involvement in manipulation of the global interest rate Libor. The rigging of Libor altered the benchmark for rates on trillions of dollars in transactions across the globe, meaning millions of borrowers paid the wrong amount on their loans. Plaintiffs, including the city of Baltimore, had filed antitrust and racketeering claims against firms such as Bank of America, JPMorgan Chase and Citigroup. But U.S. District Judge Naomi Reice Buchwald dismissed nearly all the claims, citing technical grounds that the plaintiffs cannot claim "antitrust injury." The dismissals were issued without prejudice, meaning they cannot be appealed. A limited number of claims under the Commodity Exchange Act were however allowed to proceed to trial. A handful of banks have already paid around $2.5 billion in fines for the Libor scandal, but have avoided criminal charges and payouts of damages to the scandal’s victims."

And now you see why money corrupts absolutely
>>
>>13410162
>yfw Buchwald was asked by the bank's attorneys to throw out the cases
>>
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>>13410162
>>13410610
Oh and look here is her husband
>>
>>13410679
Isn't this enough for a conflict of interest eh?

Case should be retried with a different judge.
>>
>>13409910 see >>13408366
>>
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>>13405406 (OP)
>$500 trillion

How is that even possible? I'm pretty sure that exceeds the entire world's GDP.


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