Along the way with this scam, Lord James also pointed out that $100’s of billions in profits were generated, with none of those profits ever being recorded let alone reported (and taxed). In short, this is every bit as illegal as the $100’s of billions in heroin-trade profits laundered by Wall Street each year – from the poppy-fields of Afghanistan. For those pointing out that the fraudulent U.S. Treasuries market hasn’t (yet) required $15 trillion in funny-money to extend this Ponzi-scheme, obviously the banksters can come up with plenty of other uses for their counterfeited/laundered money.
Where do people think that the Plunge Protection Team comes up with its own capital for its daily manipulations of U.S. markets?
Ultra-leveraged Wall Street balance sheets (greater than 30:1) only required a drop in U.S. housing prices of 3% to take their entire paper empires to zero. U.S. housing prices have fallen more than ten times that far. We can only guess at how $trillions (in secret hand-outs) it has taken to delay the implosion of those fraud-factories even this long.
This also explains the fanatical desperation which the Federal Reserve has shown in fighting even the tiniest request for disclosure about its “lending operations”. When you’re secretly counterfeiting $trillions every year, the last thing you want to hear is anything that even faintly resembles the word “audit”.
The U.S. Treasuries market is nothing but a gigantic (and clumsy) fraud. Along with the motive which I have previously supplied for this fraud, Lord James of Blackheath has added “means” and “opportunity” through his own diligent investigations. If the Rule of Law was not already dead in the United States, there is more than enough evidence here to justify a formal (and public) inquiry. Don’t hold your breath!
Banks are now being Robbed from the inside?
Time these Criminals were brought to Justice!
As Max Keiser of Max Keiser Report states Hang a Bankster a Day till they get the message?