Lianna Brinded 10 Apr 2017
Former Barclays employee Peter Johnson in 2014. He was sentenced to 4 years in prison in July 2016.
A secret recording of two former Barclays bankers allegedly puts Britain’s central bank in the middle of the LIBOR fixing scandal that rocked the country, says the BBC.
In the recording from 2008, one banker claims that the Bank of England pressured huge commercial banks to keep LIBOR rates low.
LIBOR – or the London interbank offered rate – is the daily measure showing the rate at which banks will lend to each other. It is used to set the price of hundreds of trillions of dollars worth of financial products.
The rate was rigged by traders from numerous banks, who agreed amongst themselves to submit rates that were either higher or lower than the rate should actually have been. It allowed them to make more money on trades.
Since the scandal first came to the public’s attention in 2012, the Bank of England has consistently said it did not know until much later about LIBOR rigging and of the practice of low-balling, as the submission of inaccurate Libor rates was called.
However, the recording from 2008 uncovered by BC Panorama appears to contradict the BoE’s claim. The transcript of the secret recording between a senior Barclays manager, Mark Dearlove, and LIBOR submitter Peter Johnson states that Barclays had “some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
Here is a key part from the recording, as detailed by the BBC:
Read more at: Nordic Buisness Insider
By Ian Greenhalgh on June 11, 2016
Slowly the myths of Nazi Germany, Adolf Hitler and World War Two are being broken down and the real history of the 20th century is gradually being established
This article by Yuri Rubtsov was originally published in 2009 at ru-polit.livejournal. It was translated by Ollie Richardson for Fort Russ on 14th May, 2016
It is a truly excellent piece of writing and does a great job of drawing back the curtain to expose the truth behind Hitler’s rise to power and the creation of Nazi Germany. They were both the result of financing from Wall Street and the assistance of US big business. The history books printed in the West are all deeply wrong, and deliberately so I might add, about the rise of Hitler and the Nazis; there are great secrets to be kept hidden and many of them would have deep repercussions in the modern world, should they become widely known. Furthermore, if people were to learn how the tricks of the past had been pulled off, then they would be much harder to fool today; therefore this article is imbued with much relevance to today’s world where the same old trick of creating a dictator in order to profit from later crushing them has been repeated many times – Saddam, Gadaffi, they were all called ‘the new Hitler’ at some point, marking them out for death; same old tricks, just different names and faces.
Hitler Was Financed by the Federal Reserve and the Bank of England
More than 70 years ago was the start of the greatest slaughter in history.
Read more at: http://www.veteranstoday.com/2016/06/11/hitler-was-financed-by-the-federal-reserve-and-the-bank-of-England/