Results 1 to 10 of 10

Thread: Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

  1. #1
    Contributor 1980s's Avatar
    Join Date
    19 Jul 08
    Posts
    702

    Everything Is Rigged: The Biggest Price-Fixing Scandal Ever


  2. #2
    Staff Emeritus
    Military Professional
    Contrary by Nature.
    zraver's Avatar
    Join Date
    22 Oct 06
    Location
    Arkansas
    Posts
    15,003
    That is terrifying....

  3. #3
    Banned Contributor
    Join Date
    15 Apr 05
    Location
    Hong Kong, Hong Kong
    Posts
    368
    How terrifying? They just couldn't fxxx the Chinese Economy.

  4. #4
    Banned tankie's Avatar
    Join Date
    22 Nov 06
    Location
    Darlington UK
    Posts
    14,736
    With ALL their filthy ill gotten gains , they are still going to DIE , and when the world finally starts to wind down , what then with the money ? it can be used NOW to ease world poverty , educate / feed / clothe / invigorate the planet / give the planet / people / something back instead of raping to put paper money / n gold in dark vaults to sit there so cnuts like monty burns can boast and strut like peacocks , who are no better than any other human .BANKERS = wankers.

    rant over
    Last edited by tankie; 02 May 13, at 13:07.

  5. #5
    Senior Contributor
    Join Date
    14 Mar 08
    Posts
    2,053
    Quote Originally Posted by Enzo Ferrari View Post
    How terrifying? They just couldn't fxxx the Chinese Economy.
    Well, my condolences that the banking cartels are in cahoots with the great Illuminati-CCP-KMT-Qing Dynasty conspiracy, so that they won't remove on your continued oppression under the new Nazis of the 21st Century.

    On a serious note, somehow I think that those people could figure out a way to manipulate gold/silver backed currencies in ways that would rig the game much as with fiat currency.

  6. #6
    Banned Contributor
    Join Date
    15 Apr 05
    Location
    Hong Kong, Hong Kong
    Posts
    368
    Okay I had the time to read the article, my first response is......Big banks. What is the definition of big?

    By the no. of employees? Nos. of offices? Nos. of customers?

    Last time I checked ICBC, the Chinese Stated Owned bank, is the largest bank in the world right now in terms of market value.

    The article state that all Western 'Megabanks' employs lawyers to defend theirs rights?

    In China, bankers of stated owned bank = government official = Law
    No wonder people said Western style is too 'inefficient'.

  7. #7
    Senior Contributor
    Join Date
    14 Mar 08
    Posts
    2,053
    Quote Originally Posted by Enzo Ferrari View Post
    Okay I had the time to read the article, my first response is......Big banks. What is the definition of big?

    By the no. of employees? Nos. of offices? Nos. of customers?

    Last time I checked ICBC, the Chinese Stated Owned bank, is the largest bank in the world right now in terms of market value.

    The article state that all Western 'Megabanks' employs lawyers to defend theirs rights?

    In China, bankers of stated owned bank = government official = Law
    No wonder people said Western style is too 'inefficient'.
    Or you can just become too big to prosecute, even when you trade with terrorists and drug dealers. *cough* HSBC *cough*

    And if you have a really good accountant, you can even write off your fines in your taxes on some haven somewhere.

  8. #8
    Turbanator Senior Contributor Double Edge's Avatar
    Join Date
    11 Sep 10
    Location
    Bangalore
    Posts
    9,251
    Credit is the oxygen our finance system runs upon.

    If the banks have the money they can loan it out to people that can put it to better use.

    When there is lots of credit we have a boom, when its in short supply we have a bust.

    Its clear the system wants to generate as much credit as possible as often as possible.

    Everybody wins.

  9. #9
    Senior Contributor Doktor's Avatar
    Join Date
    25 Aug 08
    Location
    Skopje, Macedonia
    Posts
    13,668
    Like in Cyprus?
    No such thing as a good tax - Churchill

    To make mistakes is human. To blame someone else for your mistake, is strategic.

  10. #10
    Turbanator Senior Contributor Double Edge's Avatar
    Join Date
    11 Sep 10
    Location
    Bangalore
    Posts
    9,251
    They make loans in other places too.

    Quote Originally Posted by zraver View Post
    That is terrifying....
    Yeah, i'm still waiting for this LIBOR thing to hit over here.

    How bad is it for you guys.

    Do the lights still work

    Every time somebody tells me to crap my pants i just cannot do it. Need more roughage
    Last edited by Double Edge; 10 May 13, at 20:57.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. How Oil Price Might be Rigged
    By JAD_333 in forum International Economy
    Replies: 0
    Last Post: 17 Jul 12,, 05:55
  2. How the Afghan Election Was Rigged
    By astralis in forum Operation Enduring Freedom and Af-Pak
    Replies: 2
    Last Post: 12 Oct 09,, 01:40
  3. Rigged Missiles?
    By TTL in forum Naval Warfare
    Replies: 8
    Last Post: 10 Apr 08,, 14:07
  4. U.S. probes chocolate makers for price fixing: WSJ
    By Kansas Bear in forum International Economy
    Replies: 0
    Last Post: 21 Dec 07,, 03:53

Share this thread with friends:

Share this thread with friends:

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •