OF THE
TIMES
This time the rates allegedly being rigged are in the foreign-exchange or "FX" markets, meaning that if this story is true, it would almost certainly trump LIBOR for scale/horribleness.Traders at some of the world's biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice . . .
Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set, said the current and former traders, who requested anonymity because the practice is controversial. Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years.
Comment: Remember Colin Powell making a fool of himself at the United Nations before the Iraq war, trying to convince the world that Saddam had weapons of mass destruction?
No, most of you probably don't. And that's part of the problem.
In the meantime this 'reversive blockade', where the Western elite, led by the Psychopaths in Power in Washington DC, accuse the Syrian government of the very thing its Al Qaeda terrorist cells are doing to ordinary Syrians, takes the world one step closer to total chaos in the Middle East and beyond.
UN: Rebels - Not Syrian Government - Used Chemical Weapons
Syria chemical weapons allegations could be 'Israeli false flag operation' says former Bush official
U.S. 'planned to launch chemical weapon attack on Syria and blame it on Assad'
Chemical weapons charade in Syria
Hogwash, Syria won't use chemical WMDs against its people