BANKS OPENLY ADMIT TO INSOLVENCY [General] - MarketTicker Forums


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Videopro Posts: 1890 Incept: 2007-08-03 L.A. Area	The best quote from today's writing from Brandon Smith is compact, concise and included in this paragraph: Re: LIEBOR, Quote: 2) Barclays and other institutions have claimed that they “had to use Libor fraud”. Why? Because every other major bank used it! Their argument is that they had to lie in order to remain competitive. Even if you buy this rationalization, you have to acknowledge the deeper problem here: Barclays is essentially pointing out that EVERY major bank uses Libor to hide the fact that they are in dire straights. In 2012, the system has openly confessed its own insolvency. You do not need a fortune telling gypsy to predict a major collapse for you; the banks have just told us exactly what is about to happen. Link to the much larger examination of the 2012 economic outlook: http://www.alt-market.com/articles/914-b.... ---------- "The Spinning Cyclone Of Deflation Is Fueled By Deficit Spending. An efficient asset destroying storm powered by the printing press". - Me When the Nazi's broke every law when coming to power, people in later years were asked, how were they allowed to do it? The answer was easy: They Simply Did It. 2012-07-18 18:41:47 Permalink
Uppity_peasant Posts: 3106 Incept: 2009-06-26	I think this calls for mid-year bonuses all around for all the Banksters! Hey, they need some walking-around money for the Hamptons... ---------- ==== If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with? 2012-07-18 20:31:44 Permalink
Rvacha Posts: 8295 Incept: 2008-10-03 Cleveland	Isn't this a Duh! story? Libor is by design anonymous to protect borrowers from being targeted by sharks. And there's only one reason for that.... ---------- "I suggest you panic." - Hugh Hendry 2012-07-18 22:23:04 Permalink