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Tag Archives: interest rate

European Central Bank cuts interest rate to below zero

ECB

The European Central Bank lowered its deposit rate to -0.10% as the continent battles deflation after many failed monetary policy attempts. The bank said more extraordinary tools can can be used to prevent the derailment of economic recovery. The European Central Bank (ECB) cut its main refinancing rate to 0.15 percent from 0.25 percent, and the deposit rate from zero to -.10 ... Read More »

Lobbying scandal engulfs Bilderberg

Club Bilderberg

Secrecy at the Bilderberg conference – where corporate kingpins, government officials, and royals meet – is receiving renewed attention following the LIBOR scandal and a more recent one at the House of Lords. In the latter case, two members of the Labor Party, Brian Mackenzie and Jack Cunningham, and Ulster Unionist member John Laird were summarily suspended by their parties after ... Read More »

The biggest price-fixing scandal ever

Libor

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 ... Read More »

Three arrested in UK over Libor rate fixing scandal

hang the bankers

The UK anti-fraud agency has arrested three men in connection with the Libor interest rate manipulation scandal that broke earlier this year. According to Britain’s Serious Fraud Office, the three British men are aged 33, 41 and 47 and are all currently living in the United Kingdom. They have been taken to a London police station for questioning. The arrests ... Read More »

Mass arrests in Chile after police teargas student protest (PHOTOS, VIDEO)

chilean students police protest

At least 20 people have been arrested as thousands of students clashed with riot police in Santiago, Chile after a rally in support of education reform turned violent. Police used tear gas and water cannons to disperse hooded youths that started throwing objects filled with paint at police and turned over demarcation barricades. Earlier, thousands of high school and university ... Read More »

Morgan Stanley faces imminent failure & ruin, may see first private stock account theft

Morgan Stanley's New York headquarters are seen at the corner of 48th Street and Broadway in New York

Willie states that Morgan Stanley faces IMMINENT FAILURE & RUIN, that The older employees are selling all of their stock, and that Many workers are making contingency plans for their next positions in another firm. He states that JP Morgan will devour the carcass, and that The Morgue may be preparing to execute the 1st ever private stock account vaporization/ rehypothecation. AN ... Read More »

The Libor scandal explained

Libor Scandal

According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing at these low rates. Whereas this is true, it also ... Read More »