Rolling Stone says: Tin-foil hatters are Right!

[lukep]

The upcoming, awesome, May 9th article in Rolling Stone magazine by Journalist Matt Taibbi is probably the most daring thing I've seen published in widely-read print in my whole life. Talk about poking giants with sticks...

The Biggest Price-Fixing Scandal Ever | Politics News | Rolling Stone

He opens it up, specifically attacking Dchuk and other sheeple here on WF:

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game.

He ties together many recently reported stories to paint the clear and inarguable position that all of the world's power and money is completely controlled by the few in charge of the banks, with all the world governments as their pawns, and we are all at mercy to their evil.

You gotta love this bit:

But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants' incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.

He spends a lot of time breaking down the LIBOR scandle in the first quarter of this long piece, then moves onto many others, including the most direct kind of number fudging:

Famously, one Barclays trader monkeyed with Libor submissions in exchange for a bottle of Bollinger champagne, but in some cases, it was even lamer than that. This is from an exchange between a trader and a Libor submitter at the Royal Bank of Scotland:

SWISS FRANC TRADER: can u put 6m swiss libor in low pls?...
PRIMARY SUBMITTER: Whats it worth
SWSISS FRANC TRADER: ive got some sushi rolls from yesterday?...
PRIMARY SUBMITTER: ok low 6m, just for u
SWISS FRANC TRADER: wooooooohooooooo. . . thatd be awesome​

He describes how the "ISDAfix" came about, and why it's exactly the same scam as LIBOR was. Looks like we are headed down that exact same path again now.

The idea that prices in a $379 trillion market could be dependent on a desk of about 20 guys in New Jersey should tell you a lot about the absurdity of our financial infrastructure. The whole thing, in fact, has a darkly comic element to it. "It's almost hilarious in the irony," says David Frenk, director of research for Better Markets, a financial-reform advocacy group, "that they called it ISDAfix."

In short, he spends quite a lot of time showing, with references, exactly how the market is not free at all, and will keep collapsing over and over again, benefiting the few who are completely untouchable by the nations, who will always declare these bankers as being too big to fail.



So there you go sheeple, the free market doesn't exist anywhere at all, and your whole world is a fabrication.

Inb4 inb4 sheeple don't care
Inb4 inb4 Matt has an accident

 

[CCarter]

Once everyone realizes it's all a game... they'll quickly learn to profit above all else. Until then...

Carry on...​

 

[drave]

since when did rolling stone start publishing articles about the cogency of LIBOR?

 

[JakeStratham]

since when did rolling stone start publishing articles about the cogency of LIBOR?

I don't read the Rolling Stone, but I'm familiar with Taibbi's stuff. He hits the right notes on occasion, even if he's a bit off key.

That said, he's been following the banks for awhile, and his editor gives him a lot of room.

 

[DreFromThaBay]

inb4 i have no life

 

[Andrew Scherer]

If anyone ever wondered what goes on in WF skype chats, that quote sums it up

SWISS FRANC TRADER: can u put 6m swiss libor in low pls?...
PRIMARY SUBMITTER: Whats it worth
SWSISS FRANC TRADER: ive got some sushi rolls from yesterday?...
PRIMARY SUBMITTER: ok low 6m, just for u
SWISS FRANC TRADER: wooooooohooooooo. . . thatd be awesome

 

[lukep]

Perhaps if I put some big, shiny pictures up, it would help you slow down and read, then realize the very large and important significance of this cool story, bro.

My bad. :uhoh2:

 

[Andrew Scherer]

Tits, luke. Big shiny tits and asses.

 

[ShadowCaster]

Why don't we just ask Jon? I'm pretty sure he's their leader.

 

[contract]

Good thread Lukep... Actually read all 4 pages.

 

[dchuk]

When the fuck have I ever even commented on anything that taibbi is talking about in the article? I'm actually very much a supporter of the idea that the banking industry is massively corrupt, something which there's a massive pile of evidence for.

This shit ain't the same as people doubting whether sandy hook was real or staged, fuck off for calling out only me on this.

 

[mattseh]

I blame a certain syndicate headquartered in La Jolla

 

[lukep]

This shit ain't the same as people doubting whether sandy hook was real or staged, fuck off for calling out only me on this.

Let's face it dchuk; you've become the sheeple meme here.

Take your licks like a man. :evil_laughter:

 

[dchuk]

Let's face it dchuk; you've become the sheeple meme here.

Take your licks like a man. :evil_laughter:

So because I doubt ridiculous conspiracy theories created by neckbeards with too much time on their hands you think I just buy into every story told to the public?

For the longest time I've just been annoyed by you but now I'm leaning towards go fuck yourself territory

 

[lukep]

So because I doubt ridiculous conspiracy theories created by neckbeards with too much time on their hands you think I just buy into every story told to the public?

Well, that's the meme lately... It'll pass tho, don't worry!

It's not like anyone still tells noobs should PM Grindstone anymore... Right? :uhoh2:

For the longest time I've just been annoyed by you but now I'm leaning towards go fuck yourself territory

GFY is based in SD? No surprise there... :1bluewinky:

Seriously, I figured you'd know better on this particular issue, but if I'd called anyone else out, it would have been awkward... No one else stands up on the side of the sheeple as often as you do, so don't take it so personally.

 

[Suddenly_Ass]

Tits, luke. Big shiny tits and asses.

I can help him out there.

 

[Rage9]

When the fuck have I ever even commented on anything that taibbi is talking about in the article? I'm actually very much a supporter of the idea that the banking industry is massively corrupt, something which there's a massive pile of evidence for.

This shit ain't the same as people doubting whether sandy hook was real or staged, fuck off for calling out only me on this.

You're from California, and everyone is hippies, so yeah.

 

[dchuk]

The Hacker News discussion has a decent amount of people calling this article bullshit: https://news.ycombinator.com/item?id=5616462

I'll read it in the morning more carefully, but I will point out the irony of being called a sheep when people are already jumping on the bandwagon of an article published less than 24 hours ago that clearly has some factual issues of its own...

 

[p0ck3taces]

but I will point out the irony of being called a sheep when people are already jumping on the bandwagon of an article published less than 24 hours ago that clearly has some factual issues of its own...

 

[acidie]

[ame=http://www.youtube.com/watch?v=NPTJXdBBrcU]Bill Hicks on Presidential Agendas (ENG SUB) - YouTube[/ame]