Monday, December 16, 2013

Rigging Foreign Exchange Markets

Stephen Lendman
Activist Post

It's the world's largest financial market. It trades around $5 trillion daily. It's more than all global equity markets combined. It operates round-the-clock. It's manipulated for profit. More on that below.

Grand theft reflects official Wall Street policy. It's longstanding. High crimes go unpunished. Bankers make money the old-fashioned way. They steal it. They do it lots of clever ways.

They do it through fraud, grand theft, market manipulation, front-running, misrepresentation, scamming investors, naked short selling, precious metals price suppression, controlling Washington, getting open-ended low or no interest rate bailouts when needed, and assuring world financial capitals are banker occupied territories.

They do it artfully. Few people know what's going on. Scandals rarely surface. Budding ones are usually buried. Little more than dust gets kicked up. Headlines disappear in short order.