Word out today that Deutsche Bank is under investigation for LIBOR rate rigging has sent it’s shares down substantially.
Of course we know that they were ALL IN ON IT so that means many more “announcements” are coming. Here are the 18 banks that form the committee to set LIBOR:
- Bank of America
- Bank of Tokyo-Mitsubishi UFJ Ltd
- Barclays Bank plc
- BNP Paribas
- Citibank NA
- Credit Agricole CIB
- Credit Suisse
- Deutsche Bank AG
- HSBC
- JP Morgan Chase
- Lloyds Banking Group
- Rabobank
- Royal Bank of Canada
- Société Générale
- Sumitomo Mitsui Banking Corporation Europe Ltd (SMBCE)
- The Norinchukin Bank
- The Royal Bank of Scotland Group
- UBS AG
It is important to note that of these 18 banks that colluded to set phoney LIBOR rates, 9 of these banks are “Authorized Participants” colluding to rig the gold and silver markets in the phoney Gold and Silver ETF’s (GLD & SLV).
Barclays Capital Inc
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Deutsche Bank AG
HSBC
JP Morgan Securities Inc.
Merrill Lynch (Bank of America)
RBC Capital Markets, LLC,
UBS Securities LLCLike a tidal wave as it approaches shore the scandals are mounting.
May the Road you choose be the Right Road.
Bix Weirwww.shiftfrequency.com link to original article /www.roadtoroota.com
7/06/2012
Bix Weir – ALERT : Deutsche Bank Under Investigation Now – 6 July 2012 | Lucas 2012 Infos
John Ward – Spanish Crisis : Former IMF And Bankia Boss Charged With Massive Fraud – 6 July 2012 | Lucas 2012 Infos
Spain’s Bob Diamond is Rodrigo Rato. The difference is, Rato is heading for jail
Spain’s anti-bank majority is celebrating a major victory after the country’s high court opened a criminal investigation into Rodrigo Rato, the former head of Spain’s biggest mortgage lender, Bankia. Rato, once a big wheel within the IMF, has been given a court date to face criminal fraud accusations relating to the downfall of Bankia, the banking giant at the epicentre of Spain’s economic disaster.
Rodrigo Rato, once a powerful economic minister, has suffered a cliff-fall from grace. An internationally respected official and still well-regarded inside Rajoy’s ruling centre-right People’s Party, Rato has become the focus of public anger about banking practices and recklessness.
Prime Minister Mariano Rajoy forced Rato, 63, to quit Bankia seven weeks ago, just before the bank was nationalised and became the biggest-ever failed Spanish lender. On May 10th this year, The Slog posted:
‘Sources in troubled Spanish bank Bankia confirmed yesterday that auditors Deloittes had discovered what they called ‘an inflated statement of liquidity’ for 2011 in the Caja division of the Group. Its shares dropped 6 percent on the news, its third straight day of heavy losses. This can only add to the woes of the bank, which are considerable already. But it also adds to the suspicion (noted here and elsewhere since late 2010) about the veracity of reporting in the Spanish finance sector. The Slog’s view – based on local information – has always been that both the level of unsold property and the degree of arrears there are hugely understated.’
Clearly, senor Rato is seen as having been very deeply involved in such optimistic reporting. He will not be getting worldwide TV coverage while filibustering with an onanistic Parliamentary Committee, however: more than likely, he will be sewing Spanish onion-bags before too long.
American Kabuki – NASA Discovers Portals in Space Between the Earth and the Sun
NASA Discovers Portals in Space Between the Earth and the Sun
NASA discovers portals in space between the Earth and the Sun (but don’t book your ticket just yet)
By JAMES NYE
NASA has turned science fiction into science fact by announcing the discovery of hidden 'portals' in Earth's magnetic field.
Called X-points or electron diffusion regions, rather than being intergalactic folds in space leading to different galaxies and planets, these portals aid in the transfer of the magnetic field from the Sun to Earth.
A NASA funded research project has discovered the existence of unexplained portals between the Earth and the Sun
Essentially, these portals aid in the transfer of tons of magnetically charged particles that flow from the Sun causing the northern and southern lights and geomagnetic storms.
'We call them X-points or electron diffusion regions,' said University of Iowa plasma physicist Jack Scudder, who is studying them.
'They’re places where the magnetic field of Earth connects to the magnetic field of the Sun, creating an uninterrupted path leading from our own planet to the sun’s atmosphere 93 million miles away.'
Surrounding the Earth at distances from 10,000 to 30,000 miles away, the portals have been observed by NASA's THEMIS spacecraft and Europe's Cluster probes.
Usually the Earth's magnetic field deflects particles from directly traveling to the Earth, but the portals provide a direct route to our atmosphere
In 2014, the U.S. space agency will launch a new mission called Magnetospheric Multiscale Mission (MMS) which will consist of four spacecraft which will circle the earth to locate and then study the 'X-points'
Specifically where the Earth and the Sun's magnetic fields connect and where the unexplained portals are formed.
While Scudder and his team at the University if Iowa are unclear as to what the portals are yet, they have observed charged particles flowing through them, causing electro-magnetic phenomemon in the Earth's atmosphere.
'Magnetic portals are invisible, unstable and elusive. They open and close without warning and there are no signposts to guide us in,' said Scudder.
Some of the portals are miniscule and disappear almost instantly, while some are large and fairly stable.
The magnetic force of lines between the Earth and the Sun is outlined here and it when these lines cross that portals can form
'Magnetic portals are invisible, unstable and elusive. They open and close without warning and there are no signposts to guide us in,' said Scudder.
Looking forward to the launch of the MMS mission in 2014, Scudder and his team have calibrated the technology sufficiently to locate the portals.
'We have found five simple combinations of magnetic field and energetic particle measurements that tell us when we've come across a X-point,' said Scudder.
'A single spacecraft, properly instrumented, can make these measurements.'
American Kabuki – NASA Discovers Portals in Space Between the Earth and the Sun | The Galactic Free Press
NASA Discovers Portals in Space Between the Earth and the Sun
NASA discovers portals in space between the Earth and the Sun (but don’t book your ticket just yet)
By JAMES NYE
NASA has turned science fiction into science fact by announcing the discovery of hidden 'portals' in Earth's magnetic field.
Called X-points or electron diffusion regions, rather than being intergalactic folds in space leading to different galaxies and planets, these portals aid in the transfer of the magnetic field from the Sun to Earth.
A NASA funded research project has discovered the existence of unexplained portals between the Earth and the Sun
Essentially, these portals aid in the transfer of tons of magnetically charged particles that flow from the Sun causing the northern and southern lights and geomagnetic storms.
'We call them X-points or electron diffusion regions,' said University of Iowa plasma physicist Jack Scudder, who is studying them.
'They’re places where the magnetic field of Earth connects to the magnetic field of the Sun, creating an uninterrupted path leading from our own planet to the sun’s atmosphere 93 million miles away.'
Surrounding the Earth at distances from 10,000 to 30,000 miles away, the portals have been observed by NASA's THEMIS spacecraft and Europe's Cluster probes.
Usually the Earth's magnetic field deflects particles from directly traveling to the Earth, but the portals provide a direct route to our atmosphere
In 2014, the U.S. space agency will launch a new mission called Magnetospheric Multiscale Mission (MMS) which will consist of four spacecraft which will circle the earth to locate and then study the 'X-points'
Specifically where the Earth and the Sun's magnetic fields connect and where the unexplained portals are formed.
While Scudder and his team at the University if Iowa are unclear as to what the portals are yet, they have observed charged particles flowing through them, causing electro-magnetic phenomemon in the Earth's atmosphere.
'Magnetic portals are invisible, unstable and elusive. They open and close without warning and there are no signposts to guide us in,' said Scudder.
Some of the portals are miniscule and disappear almost instantly, while some are large and fairly stable.
The magnetic force of lines between the Earth and the Sun is outlined here and it when these lines cross that portals can form
'Magnetic portals are invisible, unstable and elusive. They open and close without warning and there are no signposts to guide us in,' said Scudder.
Looking forward to the launch of the MMS mission in 2014, Scudder and his team have calibrated the technology sufficiently to locate the portals.
'We have found five simple combinations of magnetic field and energetic particle measurements that tell us when we've come across a X-point,' said Scudder.
'A single spacecraft, properly instrumented, can make these measurements.'
U.S. banking giant suddenly closes 5 funds in euro | The Galactic Free Press
U.S. banking giant suddenly closes 5 funds in euro(google translator)
by: WSI Published July 6 2012A direct consequence of the decision of the Central Bank to cut deposit rates to zero. The order left New York, regards capital invested in euro. All the details.
New York - It 's not true that the decision of Mario Draghi, ECB president, announced yesterday, the EU cut interest rates to 0.75% (low for the eurozone) has no effect on the markets. It has immediate, and not exactly unnoticed effects. In fact, 'the sensational news that one of the largest global banks headquartered in the United States, turned immediately to prevent further damage to a profitability 'planned "zero" of capital invested in euro. The road 'that already' beaten with controversial results from the Fed, the U.S. Central Bank led by Ben Bernanke, to stimulate the American economy.
For Immediate Release: RICO Lawsuit Filed Against George Soros and Donald Trump
For Immediate Release: RICO Lawsuit Filed Against George Soros and Donald Trump
MONEY LAUNDERING and BANKRUPTCYFRAUD CONSPIRACY EXPOSED INVOLVING GEORGE SOROS’S INVISIBLE INTEREST IN CONSECO FINANCE and THE GM BUILDING NEW YORK, NY – Law Offices of David H. Relkin, Esq. on behalf of Leslie Dick Worldwide Ltd. has filed a Federal RICO Complaint in the United States District Court for the Southern District of New York (Case No. 08-CV-7900) against George Soros, Deutsche Bank, Vornado Realty Trust, Fortress Investment Group, Donald J. Trump & 12 other RICO conspirators for $4.2 Billion in damages. The Complaint and Compendium may be accessed as PDF documents on the web site of the Law Offices of David H. Relkin at:
http://www.relkinlaw.com/ or on PACER.
UCS Exposes Lies Behind Monsanto’s Claims
UCS Exposes Lies Behind Monsanto’s Claims
- by Cathryn Wellner July 4, 2012
Monsanto pours millions of dollars into campaigns to buy the support of governments and farmers and even children. They claim only their genetically modified seeds can save the world’s growing population from hunger.
Care2′s bloggers have taken them to task for
- the escape of GMO canola into wild plants
- buying the research firm that blamed them for bee deaths
- targeting kids with a pro-GMO coloring book
- developing a sweet corn that will not be labeled GMO
- causing a root fungus with their Roundup pesticide
The list goes on. (See Related Care2 Stories below.) The Union of Concerned Scientists has had enough. They are taking the gloves off and going after Monsanto with a campaign that shouts: “Monsanto Fails at Improving Agriculture.”
The three ads strike Monsanto where the company makes its loudest claims. Take a look at the ads on this and the next two page. Then go to the UCS Web site and help them “Set the Record Straight on Monsanto.” They don’t have Monsanto’s marketing budget, but they have the concern of people around the world who are concerned and ready to speak out.
Read more: http://www.care2.com/causes/ucs-exposes-lies-behind-monsantos-claim...
European Central Bank Cuts Interest Rates to Zero 2012 JULY 6
European Central Bank Cuts Interest Rates to Zero
2012 JULY 6Posted by Stephen CookBy David McHugh, Huffington Post – July 5, 2012
FRANKFURT, Germany — The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe’s financial crisis.
By cutting its key refinancing rate by a quarter percentage point to 0.75, a move that was widely expected, the ECB sought to give Europe’s sagging economy a lift by making it cheaper for businesses and consumers to borrow.
Financial markets were underwhelmed, though, and even ECB President Mario Draghi conceded during a press conference that the impact of the rate cut could be “muted” given the low demand for credit in the slow economy. Analysts noted that interest rates were already low, that banks remain wary of lending to each other and that businesses and consumers see little reason to take on more debt.
In a more surprising move, the ECB also cut the interest rate it pays banks on overnight deposits by a quarter percentage point – to zero. The move could nudge banks to lend more money, rather than sock it away with the ECB and earn no interest. But even that move could have limited effect, analysts said, since there are other safe havens for banks to park their money.
Draghi said the bank acted in the face of economic pressures being felt by the 17 countries that use the euro, nearly half of which are in recession.
He said there is more the ECB could do to stimulate growth – “we still have all our artillery ready” – and indicated inflation should remain low, which gave the bank room to reduce rates.
But Draghi, who has said Europe’s problems cannot be solved without stronger political and economic ties, offered little hope the bank would take more emergency measures to ease the debt crisis, such as cheap loans for banks. He did, however, indicate the ECB could make it easier for banks to borrow from it by accepting a wider range of collateral.
read more at http://www.huffingtonpost.com/2012/07/05/european-central-bank-rate-cut_n_1650693.html
This is unusual and revealing! There goes the dollar~~~