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Precious Metals
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the derivation of fraudhttp://bullionbullscanada.com/index.php/commentary/us-commentary/26653-the-derivatives-market-bets-bookies-and-fraud?tmpl=component&print=1&page= The Derivatives Market: Bets, Bookies, and Fraud [excerpts] -- No one “understands” derivatives. How many times have readers heard that thought expressed (please round-off to the nearest thousand)? Why does no one understand derivatives? For many; the answer to that question is that they have simply been thinking too hard. For others; the answer is that they don’t “think”, at all. -- Derivatives are bets. Period. That’s all they ever were. That’s all they ever can be. Let’s start with the two largest and most-important forms of this gambling (and fraud): “interest rate swaps” and “credit default swaps”. -- [An] interest rate swap is a bet between a banker (i.e. the people who control interest rates) and a Chump, on which direction an interest rate will move. Can anyone see a problem with this form of gambling/fraud? Correct. If you place bets on the direction of interest rates against the criminals who control those interest rates, you’re probably going to lose on those bets, almost all of the time. -- At first the Chumps were allowed to win – on their small bets. That’s how you gets lots and lots more Chumps to get suckered into the scam, and how you get the Chumps to place larger and larger bets. But after the initial “success” of the Chumps, it was lose, lose, lose. -- That’s what happens when you bet on interest rates against the people who create those interest rates. It’s obvious fraud, and it has resulted in at least one jurisdiction filing criminal charges against three of the largest fraud-factories in this scam: JPMorgan Chase & Co., Deutsche Bank, and UBS. But that’s all “old news” now. -- To really understand “the derivatives market” as a whole requires understanding exactly what it is: history’s largest book-making operation (i.e. bookies). This is all that this rigged casino has ever represented: bookies taking bets. Here readers also need to understand how a bookie’s “market” operates. Bookies take bets according to “odds”, the prevailing gambling-ratio for that particular bet, or the price it costs to place that bet. But these odds change over time. How do they change? They change based on the amount of money placed on each side of the bet. When more money is placed on one side of the bet, the price to place the bet (on one side) declines, while the price to place the bet on the other side rises. -- The gambling itself moves the market. The financial crime syndicate noticed how this gambling operated, and figured out how they could create their own “book-making operation”, where all the bets were rigged, and where these banksters were not only allowed to take bets (i.e. act as bookies), they would also be allowed to place bets, in this same market. All they had to do was to make-up a bunch of euphemisms to hide this systemic crime. -- Here we see fraud in its most-elementary form. ‘Legitimate’ bookies never bet in their own “market”. Even in the world of quasi-illicit gambling, it is recognized that allowing this would allow bookies to rig their own gambling. But not in the world of “banking” and “derivatives”. Here the biggest bettors in this fraudulent gambling (by many orders of magnitude) are the bookies themselves. Goldman Sachs -- $47.7 trillion Bank of America -- $53 trillion Citigroup -- $56 trillion JPMorgan -- $78.1 million -- This is totally illegal, in so many different ways. To begin with, most of these “derivatives” (i.e. bets) were illegal, until the Clinton regime obliterated most U.S. financial regulation, and simply stopped enforcing any laws that still remained on the books. This criminality was then rubber-stamped and extended by the subsequent Bush Jr. and Obama regimes. -- [The] derivatives fraud-market is totally lawless. How lawless? Not only are the bookies allowed to bet (massively) in their own casino, these bookies/gamblers/criminals are allowed to “regulate” their own casino. When is a Crooked Casino not a “crooked casino”? When the crooks are also the cops. -- [An] even more financially destructive form of illegal gambling: “credit default swaps”? What is a credit default swap? It is a bet placed on the odds that a particular nation (or corporation) will default on its debt. This particular form of the bankers’ illegal gambling was outlawed for nearly 100 years (in the United States) based on anti-gambling statutes. It is now used by the banking crime syndicate to (literally) destroy the economies of entire nations. -- [Massively] piling bets on one side of the ledger or the other [allows for the movement of] the market itself. [And] what happens any/every time the banksters use their massive betting in the CDS market to “change the odds”, and thus move the market itself? The scam then moves onto the next tag-team partner: the Corporate media. -- The Corporate media reports that the “odds” of a particular nation defaulting have suddenly soared or plunged, [meaning] nothing at all other than the bets on one side have suddenly gotten extremely lop-sided. But that’s not what the Corporate media says. What these stooges report is that the “risk” of a particular nation defaulting has suddenly soared or plunged. This is not the same thing. The “risk” that a nation will default is based upon the economic fundamentals of that nation – and not based merely upon the gigantic bets of known criminals. [In due time this] media lie is passed along to the next tag-team partner in this fraud/crime: the ratings agencies. These corrupt mouthpieces then “assess” this “news” from the Corporate media. And based upon the (supposed) “change in risk” – where nothing has “changed” at all except the bankers’ gambling – the credit rating agencies then assign higher or lower ratings, based upon the bankers’ original fraud in the derivatives market, [and this] moves interest rates [because] when these “official” ratings agencies change their “official” ratings, nations must pay either more interest or less interest on their debts. We saw the most-obvious example of the bankers’ economic terrorism directed against Greece. Using manipulation of the credit default swap market (and the lies of their accomplices); the banking crime syndicate drove the interest rate on Greek debt as high as 30%. -- The precise form of the bet is irrelevant. What is relevant is that merely through this crime syndicate placing its multi-trillion dollar bets in its own, rigged casino, these bets “influence” the corrupt markets of our ‘real’ world. -- How corrupt, illegal, and utterly irredeemable is the fraudulent casino which the banksters call “the derivatives market”? When these criminals actually manage to lose on their own gambling (despite rigging these markets, themselves), they simply refuse to pay. -- In the real world, any casino (legal or otherwise) which refused to pay when the “house” lost would quickly be driven out of business – one way or another. But we don’t live in the real world. Almost all of us live in the Wonderland Matrix: a magical realm where “bookies” are allowed to place bets in their own book-making operations, there are no laws, and nothing ever has to make sense. |
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Msg # | Subject | Author | Recs | Date Posted |
154939 | Re: the derivation of fraud | fair_say | 3 | 10/6/2015 9:00:07 AM |