PressTV
Fri Aug 3, 2012 9:57AM GMT
A series of enormous financial scandals over the past few months provides new proof of the existence of an international banking cartel in the form of an ongoing criminal enterprise devoted to market manipulation, money laundering and embezzlement, and enjoying the collusion of the US and British governments at the highest level.
The LIBOR scandal may well represent the biggest corruption case in the history of the world. Every morning at 11 a.m. UK time, 16 leading banks operating in the City of London report, under the auspices of the British Bankers’ Association, the rate of interest that they would expect to pay to borrow money from another bank. Of these 16 numbers, the four highest and the four lowest are removed from consideration, and the remaining eight are averaged together.
To read the rest of this story, visit PressTV.ir.
