“This dwarfs by orders of magnitude any financial scam in the history of markets.”
–Andrew Lo, MIT Professor of Finance

The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives.

That is one huge chunk of change to get a percentage point on. Hell, you could only do a very small fraction and still rake in money faster than you can spend it and not even have anyone question it beyond something of a judgment call. Would have to assume they got greedier than usual {suspicion is that the practice started around 1991} for it to be noticed.

It is currently administered by NYSE Euronext, which took over running the Libor in January 2014.

Wonder if that would have happened if it had been discovered that the Fed did something similar. Moved into Wall Street’s waiting arms.

Since mortgages, student loans, financial derivatives, and other financial products often rely on Libor as a reference rate, the manipulation of submissions used to calculate those rates can have significant negative effects on consumers and financial markets worldwide.

And we can see who is getting robbed and harmed by the scandal. Of course, it’s the 99%; you and me. And it affected the US, because these rates are used in derivatives.

I know, the Libertarians would love to get their hands on the Fed’s books as well, though to bash government and only government. The Fed is in between and if they did do some of this, they robbed everyone. People will lose homes, families, go to “debtor’s prison” and have other repercussions I cannot even fathom. This is yet another potential method of destroying the middle class.

Now, assuming that the Fed did do something similar, what are the ways to ensure that never makes the news? Who is the most likely entity to notice it and report it?

FICO is the managing arm and recipient of a few previous financial meltdowns, such as the savings and loan scandal of the late 1980s. It employs many accountants and as I understand it as a layman, it oversees the recovery of the losses suffered from that and its predecessor. It pays close attention to what is happening with banking.

How could you get something that large to be quiet about the scandal brewing across the Pond? Shock and awe. You turn to the intelligence community for help.

But how to proceed? You scour data you have on the many, many employees at FICO and especially their friends and families. You use your collect-it-all surveillance powers. You start spying closely on them all. You look for weak spots.

You compile the reports, the psychological profiles. You narrow it down to a few candidates. At last one sticks out.

“What’s this? This dude with a masters in neuroscience working on his doctorate has always been a bit shaky. Has had angry episodes in the past.”

You pull on your decades worth of body of knowledge on manipulating human beings * ; psychology and neuroscience; social engineering and technology; pharmacology and media manipulation. You form a plan, prepare a narrative.

When all’s said and done, it seems insane to even think, much less say publicly, that these two things could be related. People at FICO think to themselves it isn’t. But something deep down, something from thousands of years of evolution, something that enhanced survival…that thing that believed dancing, singing, praying or other rituals might bring much-needed rain or a successful hunt even before that. That thing in the gut associates them. That thing makes you decide not to talk about it anymore. That thing says “These are gods. Do not speak ill of them.”

You see, the new facts don’t alter a goddamn thing except details on how, not if.

Sadie Gurman, “AP Exclusive: Records Show University’s Response to Holmes,” AP/SBC News, 2 September 2015:

abcnews.go.com/US/wireStory/ap-exclusive-records-show- universitys-response-holmes-33471350

* FOIA on financing of many CIA  MKULTRA subprojects {8, 39, 97 for example} on homicidal psychology and of course many more on substances’ effects on humans and animals.

FOIA on Army’s modulating microwave pulses to increase agitation and activity:

US Army, “Bioeffects of Selected Non-Lethal Weapons,” 17 February 1998, declassified 6 December 2006:


CIA MKOFTEN studied side-effects of drugs. There is a small amount on that in the “Family Jewels.”

Then there’s the synergistic effect of PSYOPs. Lead a person to believe that there is no escape, they are truly living in Hell. Make them desperate, push them over the edge. Wait for the shooting to stop and control the narrative from there.

It’s much easier than one would think. We’ve seen evidence of most of these steps over and over. We’ve seen psychological professionals help with torture for money. We know mass surveillance is happening. We know there has already been some banking shenanigans.

All that remains then is the covert ops necessary to set a person on a deadly course. Sorry that we don’t have a Snowden for that.


1 Comment

  1. […] bunch of innocent people die because, for example, banksters are robbing the whole planet. What a surprise. The people who did this now move on to the next […]

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