Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Marxist:MV8xNTc4NDI2XzMyNjg0NDYxXzE4MDI4RTVG] [quote:RoXY:MV8xNTc4NDI2XzMyNjgyNjE3Xzk4Q0YzNjFG] [b]The Dark Heart Of The Libor Scandal - Why the Regulators Failed to Regulate[/b] by Mark Vorpahl August 7, 2012 Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. The Libor is used to set payments on $800 trillion worth of financial instruments. It sets the prices that people and corporations pay for loans and receive for savings. Given that the fraud impacted $10 trillion in consumer loans, the Libor scandal will likely leave a long list of previous financial scandals that contributed to the Great Recession look like child’s play. It also pulls back the curtain on the mechanisms behind the world economy, its anti-social priorities, its willingness to gamble away the future of millions of people, and the government’s collusion in these operations. The Libor scandal reveals that the "invisible hand" Adam Smith spoke of in explaining how a capitalist economy regulates itself has been transformed into the trained hand of a swindler. [b]The Libor and Its Problems[/b] The Libor sets interest rates that banks charge one another to borrow on a daily basis. Sixteen (now eighteen) large banks submit their assessment of what they anticipate credit would cost them. The four lowest and four highest calculations are thrown out, and the interest rate is determined as the middle figure among the remaining assessments. [b]CONTINUE: http://globalresearch.ca/index.php?context=va&aid=32260[/b] [/quote] Excellent article, Roxy. [/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
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Eleventh Hour Drama For Net Neutrality
Cyber Bullying Legislation Passes PA House. House Bill 229 would make cyber harassment of a child a punishable offense
DNA Activation for the Golden Age
Are We Living In A Holographic Universe?
Scientists Fear CIA Funding Geoengineering to Control ‘Weaponized Weather’
IBM Watson Dehumanizing Veterans Care
Max Keiser: Welcome to the New World Order
Forced Adult Vaccinations at Federal Levels
The Media Is "Run By A Tiny Group Of Politically Motivated Moguls", And "Controlled By The CIA"
Inside The Food Industry: The Surprising Truth About What You Eat
Monday Feb 23 Will Be GLPVCs TheRawFeedLive's Last Show
Hollywood Studio Caught Producing ISIS Videos
A meteor going 45,000 MPH lit up the sky in western PA. You could see it from Ohio and New York!
America : Freedom to Fascism
Rapper Afroman Caught On Video Punching Woman At Nightclub
USDA Approves First GMO Apple For Planting
US Senator used old photos of Russian troops to push Ukraine war propaganda
New 9/11 Audio: FAA employees say Secret Service told them “Flight 93 hit Camp David”
Scientists seek international authority on climate geoengineering
Can world powers really control the weather?
NSA has ability to embed spying software in computer hard drives, including yours
Study: Junk Food more Deadly than War, Famine, Genocide
5 Ways Mass Surveillance Is Destroying Our Economy
Italian Senate moves to outlaw Holocaust denial
Most honey contains glyphosates, the main ingredient in Roundup
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.003s (3 queries)