CAUGHT ON TAPE: Bank of England Implicated In Secret Recording – Rigging Libor Rates
Josh Sigurdson talks with author and economic analyst John Sneisen about a secret recording recently released showing senior Barclays manager Mark Dearlove instructing Libor submitter Peter Johnson to lower his rates following a push by The Bank of England and the British government to rig the markets.
Dearlove said in the recording,
“The bottom line is you’re going to absolutely hate this… but we’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
Mr Johnson says: “So I’ll push them below a realistic level of where I think I can get money?”
Mr Dearlove replies: “The fact of the matter is we’ve got the Bank of England, all sorts of people involved in the whole thing… I am as reluctant as you are… these guys have just turned around and said just do it.”
This recording happened during the economic crisis in October, 2008.
This recording further proves what we at WAM have been telling people for years while being called crazy conspiracy theorists. That the markets are being rigged and manipulated by the central bankers and government. That it’s built to benefit those doing the rigging while hurting individuals.
John Sneisen goes extensively into the effects of this rigging, the reason behind it and solutions which individuals needs to understand in order to keep themselves safe from this non-stop market and monetary rigging.
Of course, over the past thousand years (starting in 1024 AD, China) fiat currency has failed constantly, interest rate rigging has hurt individuals the most and people have been shoved down a bottomless pit of debt, enslaved by the walls around them, forced to ask for a ladder by the hand of the state and banking system leading to complete servitude.
Fiat currency is printed out of thin air, devaluing the currency, creating debt and inflation. Money must have a store of value, currency can be whatever it’s labeled and fiat is an excellent way to central plan people into debt slavery.
All the while, the markets are rigged with regulations and taxes alongside state favoring which pushes small businesses and true individual demand out of the market and causing a lack of competition which means less innovation, lower wages, lower employment and inflated prices.
We continue to report on the vast market and monetary rigging only to be unfortunately, continuously vindicated and we hope individuals come to understand at least the most basic forms of economics and free markets. It’s incredible how safe people can keep themselves and their families when they understand the economy and the markets instead of these misguided, warped television talking points on the subject, repelling even the most intelligent people from learning the truth based on the complicated nature and lingo pushed by the establishment in order to confuse and send people running in the other direction.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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