Image: morssglobalfinance.com
By: Nick Russo TheAnimatingContest.com November 17, 2014
The entire global financial system is and has been for a long time manipulated. There is NO FREE MARKET. There is ONLY COLLUSION between large institutions. Just read the reports below. It has been admitted that the largest markets in the world are completely rigged. Institutions have been fined small percentages of the looted amounts stolen and the practices continue.
It is all an illusion. We work hard and expect to be given at least a “fair shot” when it comes to financial matters. As it turns out, we have not been given an even ground to compete with the largest global institutions. THEY HAVE CHEATED US!!
Bloomberg: Global Currency Markets (FX) are Rigged
“The traders — from Citigroup Inc. (C), JPMorgan Chase & Co. and UBS AG (UBSN) — had worked together for years to manipulate the $5.3 trillion-a-day currency market by sharing details of client orders and coordinating trading strategies..”
“The undated conversation and hundreds of others form the bedrock of investigations that yesterday saw regulators penalize six banks, including Citigroup, JPMorgan (JPM) and UBS, a record $4.3 billion for rigging foreign-exchange benchmarks..“
Reuters: United States Stock Market is Rigged
“The U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis”
“Lewis said these firms are using their speed advantage to profit at the expense of other market participants to the tune of tens of billions of dollars. They are able to identify your desire to buy shares in Microsoft and buy them in front of you and sell them back to you at a higher price,” Lewis, whose book is available on Monday, said on the television program “60 Minutes”.
The United States stock market has daily trading of $170 Billion per day.
Reuters: LIBOR lending rate rigged
“The banks named as defendants include Bank of America Corp, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings PLC, JPMorgan Chase & Co, and Royal Bank of Scotland Group PLC. Libor, which is the average rate that a panel of banks say they can borrow unsecured funds, has become a key rate globally, underpinning more than $550 trillion in financial products, from home loans to derivatives.”
“Some of the banks accused in the lawsuit, including Barclays Plc and UBS, have already paid some $6 billion to resolve charges from U.S. and European authorities that they worked to manipulate benchmark interest rates.”
We are being systematically raped and pillaged. Where are the men in our society to stand up and point to the perpetrators keeping future generations in poverty and struggle.
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