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THE ECONOMY & YOU # (Daily Updated Videos & Articles)
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[quote:RoXY:MV8xNTc4NDI2XzMyMDk4OTA3X0UwQzZBQUE=] [b]LIBOR: the 'mega-scandal of all mega-scandals' is upon us[/b] Madison Ruppert, Contributor Friday, July 6, 2012 Activist Post The London Interbank Offered Rate, or LIBOR, scandal is growing by the minute and is shaping up to be one of the largest, if not the single largest, financial scandals of all time. This has the potential to make the massive conflicts of interest at the Federal Reserve and the $16 trillion in “emergency loans” given out by the Federal Reserve look reasonable. For the uninitiated, as it were, the scandal centers on British financial institution Barclays, the former CEO of which testified yesterday before the British Parliament. Bob Diamond’s testimony on July 4, 2012 was almost painful. Diamond fell back on the incredibly tired excuses used by the criminals in the financial sector which were accurately summed up as “a long version of ‘It was awful, but don’t blame me.’” LIBOR is, to put it in a crudely simple fashion, is the fluctuating rate at which banks can borrow from each other. However, this isn’t just a rate which affects UK banks. Indeed, the LIBOR is used as an indicator for many of the world’s various fluctuating rates spanning a wide range of so-called “financial products.” This is because the LIBOR is used as a rough indication of the level of confidence between one bank and another, with high rates indicating a low level of confidence and uncertain financial stability. [b] CONTINUE: http://www.activistpost.com/2012/07/libor-mega-scandal-of-all-mega-scandals.html[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
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HERE COMES INITIAL JOBLESS CLAIMS.
America Is Turning Into ‘Blade Runner With Food Stamps’
Mainstream Media Coverage of the Bilderberg Group Adopts a Tone of Desperation
Many corn farmers go back to using chemicals as Mother Nature outwits genetically modified seeds
Farms are great places to find pork. Apparently, so is the Farm Bill
African Coins Found In Australia: 1,000-Year-Old Discovery May Rewrite Country's History
The war against the organic [food] mafia
Man ‘Controlled By Satellites’ Makes 100 Calls To 911 In A Month, Vows To Continue
Five US States Help Boost US Oil Production
The Honeymoon is Over: Half of Americans Want to See Obama Impeached.
Smart rifle decides when to shoot, hardly ever misses target
NASA to build 'universal food synthesizer' 3D printer to boldly make pizza from insects and algae!
Food Shift Away From Waste
MasterCard Leading the Path Toward “A World Beyond Cash”
Facebook becomes member of Internet freedom group
MONSANTO is now the owner of BLACKWATER
"Form OBMA" Added to Tax Forms for 2014?
Could a Drug Prevent Brain Aging?
Marijuana: The Next Diabetes Drug?
First Human-Engineered ‘Meat Burger’ To Be Consumed In London
DHS To Install Infrared Sensors Along ‘Entire Border Of The United States’
Ammo shortage continues across U.S.
3D-printable food? NASA wants a taste
US Treasury Secretary taps government retiree pension fund
U.S. Has Depleted Two Lake Eries' Worth Of Groundwater Since 1900
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