Financial Scandals Draw Heat On Bilderberg Secrecy
June 5, 2013
Secrecy at the Bilderberg conference – where corporate kingpins, government officials, and royals meet – is receiving renewed attention following the LIBOR scandal and a more recent one at the House of Lords.
In the latter case, two members of the Labor Party, Brian Mackenzie and Jack Cunningham, and Ulster Unionist member John Laird were summarily suspended by their parties after they were caught lobbying for cash while pretending to represent a solar energy firm. Another British politician, lawmaker Patrick Mercer, hastily departed the Conservative parliamentary caucus as allegations of lobbying irregularities surfaced and were highlighted in a recent BBC documentary.
Recently discovered flimflams perpetuated by members of the British government add yet another slimy dimension to the corrupt and criminal nature of the ruling elite. The mother of all financial scandals, the LIBOR scandal, revealed the length banksters will go to in their efforts to game the system, even if the result is serious damage to the financial system.
LIBOR, short for London Interbank Offered Rate, is an average interest rate calculated through submissions of interest rates by major banks in London. In order to rake in obscene profits from this system, banksters inflated and deflated interest rates to give the false impression that they were credit worthy. LIBOR represents a massive Mount Everest of derivatives totaling more than $350 trillion, or approximately half the “value” of the entire toxic derivative heap. The severity of this scam, which seriously endangered the entire financial system, was exposed in June, 2012, after multiple multiple criminal settlements by Barclays Bank were made public.
LIBOR, and to a lesser extent the British House of Lords scandal, have eroded what little remains of public confidence in politicians, bankers and the heads of corporations. In the United States and Britain, many are clamoring for so-called “transparency in government,” something that is largely contradictory, an oxymoron. Government instinctively engages in mass deception of the public, especially in economic matters, and calls for “reform” will ultimately fall by the wayside short of a concerted effort to draw attention to bankster scams by activists, the public and the media. Because the global elite controls governments in the United States, Britain and Europe, we can expect any change to be tough going.