Traders Said to Rig Currency Rates to Profit Off Clients
Key Excerpts from Article on Website of Bloomberg News
Traders Said to Rig Currency Rates to Profit Off Clients
Bloomberg News, June 11, 2013
Posted: 2013-06-18 13:32:59
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. The behavior occurred daily in the spot foreign-exchange market and has been going on for at least a decade, affecting the value of funds and derivatives, the two traders said. The Financial Conduct Authority, Britain’s markets supervisor, is considering opening a probe into potential manipulation of the rates, according to a person briefed on the matter. The $4.7-trillion-a-day currency market, the biggest in the financial system, is one of the least regulated. The inherent conflict banks face between executing client orders and profiting from their own trades is exacerbated because most currency trading takes place away from exchanges. The WM/Reuters rates are used by fund managers to compute the day-to-day value of their holdings. While the rates aren’t followed by most investors, even small movements can affect the value of [the] $3.6 trillion in funds including pension and savings accounts that track global indexes.
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U.S. Military Wanted to Provoke War With Cuba
2001-05-01, ABC News
In the early 1960s, America's top military leaders reportedly drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba. Code named Operation Northwoods, the plans reportedly included the possible assassination of Cuban émigrés, sinking boats of Cuban refugees on the high seas, hijacking planes, blowing up a U.S. ship, and even orchestrating violent terrorism in U.S. cities. The plans were developed as ways to trick the American public and the international community into supporting a war to oust Cuba's ... Fidel Castro. America's top military brass even contemplated causing U.S. military casualties, writing: "We could blow up a U.S. ship in Guantanamo Bay and blame Cuba," and, "casualty lists in U.S. newspapers would cause a helpful wave of national indignation." The plans had the written approval of all of the Joint Chiefs of Staff and were presented to President Kennedy's defense secretary, Robert McNamara, in March 1962. But they apparently were rejected by the civilian leadership and have gone undisclosed for nearly 40 years. The Joint Chiefs even proposed using the potential death of astronaut John Glenn during the first attempt to put an American into orbit as a false pretext for war with Cuba. Should the rocket explode and kill Glenn, they wrote, "the objective is to provide irrevocable proof … that the fault lies with the Communists." The scary thing is none of this stuff comes out until 40 years after.
Note: Why was ABC the only major news source to report on this highly revealing story? Read the shocking declassified documents on Operation Northwoods. Many military and political leaders look at the world as a grand chessboard. Sacrificing pawns (innocent civilians) is sometimes necessary to capture the queen. Explore revealing news articles on military corruption. Then check out eye-opening 9/11 news articles.
Inside the secretive Bilderberg Group
2005-09-29, BBC News
How much influence do private networks of the rich and powerful have on government policies and international relations? One group, the Bilderberg, has often attracted speculation that it forms a shadowy global government. Every year since 1954 [they have brought] together about 120 leading business people and politicians. At this year's meeting in Germany, the audience included the heads of the World Bank and European Central Bank, Chairmen or Chief Executives from Nokia, BP, Unilever, DaimlerChrysler and Pepsi ... editors from five major newspapers, members of parliament, ministers, European commissioners ... and the queen of the Netherlands. The chairman ... is 73-year-old Viscount Etienne Davignon. In an extremely rare interview, he played down the importance of Bilderberg. "I don't think (we are) a global ruling class because I don't think a global ruling class exists." Will Hutton ... who attended a Bilderberg meeting in 1997, says people take part in these networks in order to influence the way the world works, to create what he calls "the international common sense". And that "common sense" is one which supports the interests of Bilderberg's main participants. For Bilderberg's critics the fact that there is almost no publicity about the annual meetings is proof that they are up to no good. Bilderberg meetings often feature future political leaders shortly before they become household names. Bill Clinton went in 1991 while still governor of Arkansas, Tony Blair was there two years later while still an opposition MP. All the recent presidents of the European Commission attended Bilderberg meetings before they were appointed. Informal and private networks like Bilderberg have helped to oil the wheels of global politics and globalisation for the past half a century.
Note: Why is this meeting of top world leaders kept so secret? Why, until a few years ago, was there virtually no reporting on this influential group in the major media? Thankfully, the alternative media has had some good articles. And a Google search can be highly informative. Explore many other revealing major media news articles on powerful secret societies. And for those interested, check out reliable, eye-opening information covering the big picture of how and why these secret societies are using government-sponsored mind control programs to achieve their agenda.
[9/11] Hijack 'suspects' alive and well
2001-09-23, BBC News
Another of the men named by the FBI as a hijacker in the [9/11] suicide attacks on Washington and New York has turned up alive and well. The identities of four of the 19 suspects accused of having carried out the attacks are now in doubt. Saudi Arabian pilot Waleed Al Shehri was one of five men that the FBI said had deliberately crashed American Airlines flight 11 into the World Trade Centre on 11 September. His photograph was released, and has since appeared in newspapers and on television around the world. He told journalists there that he had nothing to do with the attacks. He has contacted both the Saudi and American authorities. He acknowledges that he attended flight training school at Daytona Beach in the United States, and is indeed the same Waleed Al Shehri to whom the FBI has been referring. But, he says, he left the United States in September last year [and] became a pilot with Saudi Arabian airlines. Abdulaziz Al Omari, another of the Flight 11 hijack suspects ... says he is an engineer with Saudi Telecoms, and that he lost his passport while studying in Denver. Meanwhile ... a London-based Arabic daily says it has interviewed Saeed Alghamdi. He was listed by the FBI as a hijacker in the United flight that crashed in Pennsylvania. And there are suggestions that another suspect, Khalid Al Midhar, may also be alive. FBI Director Robert Mueller acknowledged on Thursday that the identity of several of the suicide hijackers is in doubt.
Note: The deceptions in the 9/11 official story are clearly shown in this key story. The FBI never revised its list of alleged hijackers. These four are all listed in the official 9/11 Commission report as the hijackers. Click here and scroll down a little over half way to see their photos in the official report. For more, see this webpage. Explore also concise summaries of deeply revealing news articles with evidence of a 9/11 cover-up from reliable major media sources. Then examine an abundance of reliable information suggesting a major 9/11 cover-up.
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F.B.I. Agents Became C.I.A. Operatives in Secret Overseas Prisons
2021-11-19, New York Times
In the torturous history of the U.S. government's black sites, the F.B.I. has long been portrayed as acting with a strong moral compass. Its agents, disgusted with the violence they saw at a secret C.I.A. prison in Thailand, walked out, enabling the bureau to later deploy "clean teams" untainted by torture to interrogate the five men accused of conspiring in the attacks of Sept. 11, 2001. But new information that emerged this week in the Sept. 11 case undermines that F.B.I. narrative. The two intelligence agencies secretly arranged for nine F.B.I. agents to temporarily become C.I.A. operatives in the overseas prison network where the spy agency used torture to interrogate its prisoners. The once-secret program came to light in pretrial proceedings in the death penalty case. The proceedings are currently examining whether the accused mastermind of the Sept. 11 plot, Khalid Shaikh Mohammed, and his four co-defendants voluntarily confessed after years in the black site network, where detainees were waterboarded, beaten, deprived of sleep and isolated to train them to comply with their captors' wishes. At issue is whether the military judge will exclude from the eventual trial the testimony of F.B.I. agents who questioned the defendants. Earlier testimony showed the F.B.I. participating remotely in the C.I.A. interrogations through requests sent by cables to the black sites seeking certain information from specific detainees, including Mr. Mohammed after he was waterboarded 183 times to force him to talk.
'A staggering increase': Yearly overdose deaths top 100,000 for first time
2021-11-17, NBC News
Drug overdose deaths in the United States surpassed 100,000 in a 12-month period for the first time, the Centers for Disease Control and Prevention said Wednesday, a troubling milestone amid an already devastating period for the country. The number of overdose deaths rose 29 percent, from 78,056 from April 2019 to April 2020, to 100,306 in the following 12 months. The data, from the CDC's National Center for Health Statistics, is considered provisional but is a good indication of what the final numbers will show. "It's a staggering increase for one year," said Bob Anderson, chief of the mortality statistics branch at the NCHS. Vermont saw the biggest rise, with a nearly 70 percent increase. Large increases were also observed in West Virginia (62 percent), Kentucky (55 percent), Louisiana (52 percent) and Tennessee (50 percent). Drug overdose deaths went down in just four states: Delaware, New Hampshire, New Jersey and South Dakota. South Dakota had a nearly 20 percent decrease in overdose deaths, the greatest by far. Just how much of a role the stress and isolation of the pandemic played in the rising overdose deaths remains to be seen. "Opioid addiction is a chronic, relapsing condition such that the stress or the social isolation and the inability to access support groups could have resulted in relapses in people with opioid addiction, and Covid could have made it harder for people with opioid addiction to access treatment, as well," [Dr. Andrew] Kolodny said.
Note: Yet another tragic consequence of the lockdowns and fear-mongering. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and health from reliable major media sources.
USA TODAY investigation finds widespread retaliation against police whistleblowers
2021-11-12, USA Today
We got a touching email Wednesday from a 30-year veteran of a Massachusetts police force. He wrote that his distinguished career "was all tarnished ... after I reported (an) officer lying on the stand and going to the FBI." He was responding to an investigative story we published this week, Behind the Blue Wall, that documented how often police whistleblowers face retaliation for reporting misconduct. They have been threatened, fired, jailed, one was even forcibly admitted to a psychiatric ward. "I want to personally thank you for bringing this to light," the officer wrote. "You were able to write what I have experienced for the last 6 years. After reading this I took a deep breath and for the first time since this began I feel liberated from the stigma of being a rat, untruthful, discredited." Police covering for colleagues, and punishing those who don't, isn't new. But with this investigation, we wanted to quantify, for the first time, the extent of the problem and how it impacts the whistleblowers. Reporters sent out 400 public records requests and secured tens of thousands of pages of records. They found 300 cases in the past decade where an officer helped expose misconduct – a small window into how the system works. The vast majority of those cases ended with those whistleblowers saying they faced retaliation. "Whistleblowing is a life sentence," former Chicago undercover narcotics officer Shannon Spalding told our team. She faced death threats ... after she exposed corruption that led to dozens of overturned convictions.
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