Dan Majestic writes from New York: Well, well, well… who could have thought that most conspiracy theories about bankers ruling the world and getting away with murder would prove to be correct. Even the very latest revelation, the fiddle with Libor, the interbank lending rate of interest, had been discussed by conspiracy buffs for ages and it’s only now that it has become public knowledge.
Just a few years ago, say in the early 00s, people were laughing at the nerds who were telling everyone that money men were ripping off not just their customers but whole industries and countries, rigging interest rates, share prices and fiddling their books, telling politicians what to do while showing two fingers to the regulators. But did anyone listen? Nope, no one paid any attention. Sure, sure, everybody was saying, banks do occasionally cheat and get away with some dodgy schemes but overall they are alright and power the world economy.
Who’s laughing now then, apart obviously from bankers themselves, who have made so much money that it’s a mystery why they are still at it, ripping off everyone? Especially as after that financial crash of 2007/08 none of the bankers, apart from several exceptions, had their private assets confiscated from them. And that means they are sitting on piles of cash, not really knowing what to do with it, buying up properties in the name of offshore companies and storing those diamonds and other gems that keep their value so well.
But back to the conspiracy buffs and their correct assumptions that money men do whatever they please with other people’s money, holding their respective governments by the balls, or whatever it is that governments have between their legs, and basically working against the world economy. Just look what transpired with that financial crash: big banks were packaging bad debts, wrapping them up to make them look like attractive financial products, and selling them to unsuspecting customers, smaller banks and even sovereign funds and governments. That was one juicy conspiracy theory that people were mocking and ridiculing before the meltdown. And then there was the theory that regulators, including central banks, were all in the pockets of the banks – and it all turned out to be correct.
And how about the conspiracy theory that stated that in case of serious trouble banks would simply force the taxpayers to pay for their inconvenience? Did you agree with that theory, say, four or five years ago? I bet you didn’t because no one could have imagined, apart from the conspiracy buffs, that trillions would be passed to the banks to cover up their black holes leaving the economies to struggle to stay afloat.
And how about that quantitative easing that the Bank of England and some other central banks are implementing, flooding the markets with newly created money, giving it all to the banks, while actually having the nerve to claim that it does nothing to fuel inflation. Yes, the conspiracy buffs were saying all along that central banks existed mostly to help out the banks and they don’t give a s..t about the state of national finances and the welfare of the people. Has it proven to be correct? Yep, it has.
And let’s not forget conspiracy enthusiasts telling us that banks control the media 100 per cent, through advertising and having the right sort of people running broadcasting and the press. And that is exactly what we’ve found out, with the media covering up the banks to such an extent that it is becoming really embarrassing. I mean, how could it have happened that hacks were actually blaming ordinary people for the crash and not the banks? It’s so dodgy that we don’t even need to discuss what’s it all about.
But what of conspiracy theories about the secret world government, you may ask, how did they prove to be correct? Well, the way the EU and the big hitters like the US Federal Reserve, the IMF, the World Bank and the European Central Bank have been behaving we may safely conclude that the secret world government resides in several capitals at once, seeing to it that money men get what they want.
And lastly, how about the theory that the end of the world has happened and we simply missed it? Need I say anything, if you just look at the mess we have all over the world? Exactly. No words are needed here.