ALL THOSE BANKER “SUICIDES”: THE LIBOR RIGGING SCANDAL, ...June 25, 2016
So many people sent versions of this story that I have to talk about it. As you might expect, it fuels some high octane speculation. Here's a version:
Previously, the theory was that these "suicides" had something to do with the LIBOR(London Inter-Bank Offered Rate) scandal, in which banks(suprise surprise!) colluded to rig the rates of bank loans. But now with the entry of official investigations in Italy and elsewhere into these deaths, it is no longer possible to hide the fact that (1) these deaths are not accidental and (2) that they are tied to deep financial malfeascance in the western system, and to major banks. But now there is something new, in fact, there are two things new:
However, three of these seemingly unrelated suicides seem to share common threads related to their connections to Deutsche Bank. These three banker suicides in New York, London, and Siena, Italy, took place within 17 months of each other in 2013/14 in what investigators labeled as a series of unrelated suicides.
“In each case, the victim had a connection to a burgeoning global banking scandal, leaving more questions than answers as to the circumstances surrounding their deaths,” according to the New York Post. “But all three men worked for, or did business with, Deutsche Bank.”
Financial regulators in both Europe and the U.S. in 2013 began a probe that would ultimately become known as the Libor scandal, in which London bankers conspired to rig the London Interbank Offered Rate, which determines the interest banks charged on mortgages, personal loans and auto loans. The scandal rocked the financial world and cost a consortium of international banks, including Deutsche Bank, about $20 billion in fines.
David Rossi, a 51-year-old communications director at the world’s oldest bank, Italian Monte dei Paschi di Siena, which was on the brink of collapse due to heavy losses in the derivatives market in the 2008 financial crisis, fell to his death on March 6, 2013. At the time of his death, Monte Paschi was being investigated for its handling of billions in these risky derivative bets involving Deutsche Bank and Merrill Lynch.
Note now what these two new things are: (1) the apparently centrality of Deutsche Bank in the scandal and (2) the role of derivatives in it. This raises my "suspicions meter" into the red zone, and herewith my high octane speculation of the day. I and others have pointed the suspicious role of Deutsche Bank not only in pre9/11 trade, trade that has all the hallmarks of insider trading, but of trades executed on 9/11 itself, as the attacks were occurring. In Hidden Finance, Rogue Networks, and Secret Sorcery I pointed out that the Deutsche Bank computers were apparently "invaded" for a few seconds, and data downloaded. I also pointed out there the research of E.P. Heidner, who maintains that the financial crimes on 9/11 were designed, at least in part, to conceal the clearing of false securities in the hundreds of billions of dollars. During the suspension of normal SEC securities clearing rules that occurred on 9.11, these securities were substituted by genuine ones, i.e., the false securities were quietly whisked away into... somewhere.
So I have to wonder if, eventually, these investigations will lead to things much deeper than LIBOR, i.e., to the events on 9/11, and the financial aspects of that day that continue to be shrouded in a thick fogbank. It is well known that Deutschebank is exposed to derivatives, which in my opinion were used in some way as a component of my hypothesized "hidden system of finance" that was established after World War Two to fund a long-term mega-Manhattan Project of black projects research. If so, then the banker suicides are connected to far deeper issues. As a component of that hidden system, I have argued that the bearer-bonds scandals represent a component of this hidden system, and that the bonds which we are assured of by officialdom are fake, may represent an underlying reality.
Let that sink in for a moment, in conjunction with Heidner's argument that "false securities" were set to clear, and that other securities were substituted during the suspension of normal SEC clearing regulations on and shortly after 9/11. I cannot help but think, therefore, that there are deeper connections.To be perfectly clear, what I am suggesting is that those derivatives may represent the creation of liquidity in the system by means of the backing of those "fake" bearer bonds of the bearer bonds scandals.
As of now, of course, there is no evidence backing up my suspicions, but I also suspect that it may eventually come out.
See you on the flip side...